Top 5 Benefits of Setup a Free Zone Company in UAE
A Free Zone Company in UAE is a special type of company that is registered in one of the UAE’s Free Zones. The United Arab Emirates (UAE) has a long-standing reputation as a business-friendly jurisdiction. Free Zones are designated areas within the UAE that offer businesses special economic benefits and incentives.
Setting up a Free Zone company in the UAE has many benefits. Some of the most popular benefits include:
1. 100% Foreign Ownership
The UAE has a liberal economy and welcomes foreign investment. To attract more foreign investment, the UAE has taken steps to make it easier for foreigners to do business in the country.
One such measure is the 100% foreign ownership law. This law allows foreigners to own 100% of a company in the UAE without needing a local partner.
The 100% foreign ownership law is a significant development for the UAE economy and is expected to positively impact foreign investment and the overall business environment in the country. If you’re thinking of setting up a business in the UAE, keep reading to learn more about the 100% foreign ownership rules and which sectors you can take advantage of this in.
2. 0% Personal and Corporate Income Tax
The United Arab Emirates (UAE) is one of the most sought-after countries to live and work in. It’s no surprise then that the country has been attracting a lot of attention from businesses and individuals alike.
One of the main attractions of the UAE is that it has a 0% personal and corporate income tax policy. There is no personal income tax or corporate income tax. The only taxes are on import duties and oil revenues. The government has been working to attract foreign investment and businesses by offering a tax-free environment. This means that businesses and individuals can keep 100% of their earnings!
The UAE also offers a number of other benefits, such as a stable political environment, a strategic location, a highly developed infrastructure, and a tax-free regime.
If you’re considering setting up a business in the UAE or relocating there, AGL Business Consultants is here for you!
3. 0% Import and Export Duties
UAE Free Zones are special economic zones that are established to encourage foreign investment and business in the United Arab Emirates.
There are a number of free zones in the UAE, each with its own rules and regulations.
Businesses that are looking to take advantage of the 0% import and export duty rates in UAE. Free Zones must first understand the rules and regulations of the zone in which they intend to set up their business. AGL Business Consultants will provide an overview of the 0% import and export duty rates in UAE Free Trade Zones and the requirements for businesses to qualify for these benefits.
4. 100% Repatriation of Profits
100% repatriation of profits is now possible for foreign investors. This is a significant step forward for the UAE in attracting foreign investment and making the country more attractive to global businesses. It is also a sign of the UAE’s commitment to economic reform and its dedication to creating a business-friendly environment.
The 100% repatriation of profits will be a key factor in the decision-making process for many foreign investors. If you are considering investing in the UAE, it is important to be aware of this change and how it may impact your decision.
5. A Wide Range of Business Activities Can be Conducted
The United Arab Emirates (UAE) offers a great many opportunities for businesses to get started and grow. Setting up a company to expanding your operations, several business activities can be conducted in the UAE.
The UAE is a very business-friendly environment, with a number of benefits for businesses In addition, the UAE offers several free zones which provide businesses with even more benefits.
Whether you are looking to set up a new business or expand your existing operations, the UAE is a great place to do so. Setup a Free Zone company is an attractive option that you should consider.
Free Zone companies also benefit from being able to lease office space and land in the zone. If you’re interested in setting up a business in a UAE Free Zone, contact our expert team for more information, and also you can read our blog about how to register a company in UAE.