Free Zone
UAE free zone offers several advantages for companies looking to establish their presence in the region. In the United Arab Emirates, free zones are regions set aside to provide international investors with appealing incentives and accelerated business setup and operation processes. There are many free zones in the United Arab Emirates (UAE), each with special benefits and incentives for companies. These designated free zones are located within the United Arab Emirates and offer advantageous business establishment and operation conditions to foreign investors. The following are a few of the UAE’s most well-known free zones:
Dubai Multi Commodities Centre (DMCC), Jebel Ali Free Zone (JAFZA), Abu Dhabi Global Market (ADGM), Dubai Silicon Oasis (DSO), Sharjah Airport International Free Zone (SAIF Zone), RAK Free Trade Zone (RAK FTZ), Fujairah Free Zone (FFZ)
For entrepreneurs searching for a strategic and tax-friendly location, there are several benefits to establishing a firm in a free zone in UAE
- Being able to have 100% foreign ownership of the company is one of the main advantages of operating in a free zone established by the UAE.
- Companies founded within United Arab Emirates free zones are exempt from corporate and personal income tax for a predetermined amount of time, often between 15 and 50 years, depending on the free zone authority. The absence of taxes considerably raises the profitability of companies who operate in these zones.
- The streamlined and quicker company registration process is a benefit of establishing in a free zone in the United Arab Emirates. The authorities of free zones provide streamlined and efficient procedures, frequently finishing the incorporation process in a matter of days.
- Businesses operating in UAE free zones enjoy the advantages of cutting-edge infrastructure, top-notch facilities, and contemporary amenities, which boost their productivity and operational efficiency.
- Companies operating in free zones benefit from a trained and diversified labor market that includes both foreign and domestic talent. Specialized industry clusters are frequently located in free zones, encouraging cooperation, innovation, and knowledge exchange among companies in the same industry.
