There are numerous advantages of setting up a company in the UAE free zones. One of the main advantages is that a foreign investor can invest and retain 100% ownership of the business without needing a local partner.
Outside the free zones, foreign nationals cannot own a majority stake in businesses if the business requires a commercial or industrial license. Hence, it must be set up with a local partner who should own at least 51% of the company, which is not acceptable to most foreign nationals.
There are also financial incentives when one sets up a company in the UAE free zones. From 0% corporate and income tax rate, zero customs duties levied on imports and exports, to the option to repatriate 100% of the profits from the business, the freezones in Dubai help you setup a company seamlessly and contribute to monetary benefits.
Since Freezone business setup in Dubai is sector-specific, entrepreneurs get access to a cornucopia of knowledge, information and expertise from experts in the field and others within their field.
The language barrier is no more a barrier. Since English is one of the most widely-spoken languages in the UAE, the investment opportunities become much more feasible with the help of Cross Link.
No tax has to be paid unless the industry that the newly formed company is in the foreign banking or oil and gas industry. All other corporations are exempt from taxation in the UAE.
Financial shortcomings are no longer an issue for setting up your business in Dubai freezones. Zero AED can be the paid-in minimum capital requirement for entrepreneurs wanting to incorporate in the UAE.Freezone Company
No comments:
Post a Comment