What You Need To Know?
Global entrepreneurs have long found the UAE to be an attractive destination. There are numerous benefits available to qualified professionals in the UAE. It has never been easier to invest in the United Arab Emirates, with more opportunities for investment and income than ever before. The reason why this place has attracted such an enormous number of business enthusiasts from around the world is not surprising.
Due to the economic environment and globalization, UAE investors have sought more lucrative opportunities and business activities, and Free Zones have given them that perfect opportunity. Free zones are one of the main reasons why so many people flock to Dubai and the UAE to organize their business activities.
What is a Freezone?
The term "free zone" refers to an economic area where goods and services can be traded. Businesses can save considerable time and effort by taking advantage of these zones' highly efficient infrastructure and customized services.
The free trade zones are subject to 0% tax rates and a 100% exemption from customs duties.
Why Set Up in Freezone?
There is a high demand for free zones among entrepreneurs who value discretion. This is due to the fact that there is 100% foreign ownership of the company, and no open source of the company's details are available.
Investing in UAE’s Free Zone provides investors and businessmen with excellent access to the bustling areas and services surrounding the city. Multiple corporate activities may be conducted within each free zone authority. Some industries that can be established within free zones include infrastructure, media, education, construction, and retail.
Companies operating in free zones in UAE are taxed minimally or even exempt from taxation. In UAE, free zones are designed to operate as international business hubs for companies conducting business outside the UAE.
With a free zone business setup in UAE, you are provided with the perfect environment for setting up businesses equipped with state-of-the-art infrastructure, tax-free, commendable business opportunities, flexible government policies, and facilities that ensure a seamless experience of conducting business. The laws and regulations governing free zones shall apply to all entities.
Some of the most valuable benefits offered by the free zones in the State are as follows:
- Foreign ownership of 100%
- 100% repatriation of profits and capital
- 100% Exemption from Income and corporate tax
- 100% Exemption from Custom Duties
- Easy and fast business setup
- Community-based business development
- A wide range of options at a cost-effective price
- Regulatory and legislative autonomy
- Access to regional and global markets easily
- A sophisticated and modern infrastructure
How can AMCA Help
Starting a business or a large-scale endeavour in a free zone today is the best way to realize your dreams. Take advantage of the benefits that come with trading from a UAE-free zone. You can count on us if you're interested in building your own business.
It has never been easier to start your own business. AMCA provides a comprehensive range of professional services for corporate activities. Interested in learning more about forming a company in Dubai and the United Arab Emirates or about the perfect freezone for your business? Contact AMCA today.