A Free Zone setup in the UAE refers to establishing a business within designated economic areas known as Free Zones, which offer a range of incentives and benefits to attract foreign investment. These zones are governed by special regulatory frameworks that differ from the rest of the country, creating a favorable environment for business operations.
The setup process in a Free Zone is designed to be efficient and straightforward. It typically involves selecting the appropriate Free Zone that aligns with the business’s needs, choosing the type of business activity, and obtaining the relevant license. Businesses can opt for various licenses, such as trading, service, industrial, or freelance permits, depending on their operations.
A Free Zone setup in the UAE refers to establishing a business within designated economic areas known as Free Zones, which offer a range of incentives and benefits to attract foreign investment. These zones are governed by special regulatory frameworks that differ from the rest of the country, creating a favorable environment for business operations.
Benefits of Free Zone setup:
100% Foreign Ownership: Businesses can be fully owned by foreign investors without the need for a local partner or sponsor.
Tax Benefits: Companies enjoy significant tax advantages, such as exemptions from corporate and income taxes and, often, no import or export duties.
Profit Repatriation: Firms can repatriate all their profits and capital without restrictions.
Simplified Setup Process: The registration process is streamlined, with Free Zones providing comprehensive support services, including administrative and legal assistance.
