UAE Freezone – Best Options for Startups
Forming a company in Abu Dhabi and Dubai and the rest of the UAE can be a complex task. Over the past few years many Free Zones have opened up to help freelancers, consultants and small businesses get a license to operate here in the UAE. UAE Frees Zones offer investors and business start-ups significant incentives for setting up their office in the free zones. It offers other various benefits like:
- 100% ownership without the aid of UAE sponsor
- Exemption from personal income tax and capital gain tax
- Full repatriation of capital and profits from business
- Minimal Import/Export duty
- Zero percent corporate tax
- No restriction on currency movements
- Single window clearances for administrative services
- Faster licensing and business set-up
- Stable and transparent laws and regulations
- Full-fledged infrastructure with efficient communication system
- Low start-up and operational cost
- No visa restrictions for recruitment with liberal labour laws
- Access to pool of skilled professionals
- Pre-built structures- offices, factories, warehouses
- Business support services with fast and efficient operations at the touch of a button
- Additional services such as sponsorship, on-site housing and labour assistance
- Modern IT infrastructure with multi-tiered data centre
- Easy access to air, rail and road transport systems
- Attractive working environment
- 24/7 operational ability
- Ready consumer market across MENA and Asia regions
In most Free Zones, companies are taxed minimally or sometimes even fully exempted, to encourage economic activity. UAE Frees Zones offer investors and business start-ups significant incentives for setting up their office in the free zones.
This blog is written by Ms. Heena Arora, Partner Relation Executive at Flyingcolour Business Setup, VAT and Accounting Services, Dubai. We at Flyingcolour help businesspersons to setup a business in the UAE effortlessly. If you are planning on opening an office in any of the UAE Free Zones, then our expert team at Flyingcolour will be able to smooth your path through the registration and start-up process which can prove to be hassle for new businesses.
*Please Note: This article was published on 17th February, 2021. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent update or change.
