Thrive with a free zone license for your business in the UAE
According to the World Bank’s Ease of Doing Business 2023 report, the UAE ranked 16th worldwide, which makes it an ideal place to start a business. Along with being famous as a business destination, one of the prominent reasons why an ideal entrepreneur chooses to work is the free zone license for your business in the UAE. The specified location in the free zone offers a 0% tax policy, which gives foreign and local investors every plausible reason to start a business here. Owing to various business advantages, the UAE offers a plethora of work opportunities that intrigue every person and business entity to start and grow their business in the UAE.
So in this blog, we shall enunciate every intricate detail to give you a clear view of why a free zone license in the UAE matters for your business.
What does the term free zone entail for your business?
A free zone license, which permits you to conduct business in designated free zones in the United Arab Emirates, is required to conduct business in any of the designated economic regions categorized by geographic region inside the mentioned emirate. A free zone license is important for your business because it ensures that all kinds of businesses, whether startups or big multinational companies, can reap the benefits of doing business.
Why set up your business in the free zone and acquire the free zone license?
Before proceeding with your decision to start a business in the UAE with the help of a free zone license, every business owner should minutely check all details and consider the fact that it is important for your business.
- Benefits of 100% ownership: Having a free zone license in Dubai means that any local sponsor will not cajole you to start a business, which certainly gives you 100% ownership of your business. This is the most compelling aspect of registering a business in the UAE that will give you the benefit of full ownership rights.
- Exemption from personal and corporate taxes: With the help of a free zone license, you can get a completely exempt status from personal and corporate taxes. And this is why Dubai’s tax system is most talked about.
- Ease of doing business with easy setup: The complexity of starting a business in the UAE depends on the kind of commercial work you choose to do, but the straightforward process of obtaining a free zone license will offer you minimum paperwork and documentation.
- Fee exemption for export and imports: With no currency regulation and adequate jurisdiction, you can get an exemption from fees for export and import duty, which paves the way for smoother business and easier financial transactions.
- Government assistance: Obtaining a free zone license from the free zone authority ensures that the UAE government will provide hospitable support for modern business.
The cheapest free zone for setting up business in Dubai
- Ras AI Khaimah Economic Zone: With a starting package of AED 5500*, RAKEZ offers numerous advantages, such as premium services, cutting-edge electronics, and easy business setup. RAKEZ is significantly known for its straightforward and friendly environment for business investors.
- Sharjah Media City: Located in the emirates of Sharjah, this is the most affordable free zone in the UAE, which offers an affordable commerce license costing AED 8050*. The privileges of the Sharjah Media City free zone offer low-cost business setup permits and an easy visa process.
- Ajman Media City: With a simple and quick process, Ajman Media City is the newest and most remarkable destination for a business settlement that attracts businesses from all around the world.
Authenticate your business with the help of free zone company setup
With a straightforward process of government rules, it has been a simple process for every business owner to start a business in Dubai. Make it happen easily with our (Flyingcolour) business setup services, which will provide you with hassle-free incorporation of your business with long-term profitability and growth. Invest your time with us so that you can leverage the cheapest free zone license in Dubai.
To learn more about online home business licenses in Dubai, book a free consultation with one of Flyingcolour team advisors, call +971 50 5585305, or send WhatsApp messages to +971 4 4542366. you can also drop an email to info (at) flyingcolour (dot) com.
*Please note that this article has been published on 11/12/2023 in accordance with the federal policies and updates at the time of writing. For the latest info please talk to our consultant.
