Benefits of Setting Up Business in UAE Free Zones

Over the last few decades, UAE has witnessed a significant increase in the setting up of companies in the UAE free zones as the government helps in hassle-free and quick business development in these areas. They are specific geographic zones within UAE earmarked for goods, services, and commodity trading where Government does not apply stringent customs regulations and policies. The companies also enjoy special tax exemptions in these investor-friendly free areas.

What are Free Zones in UAE?

There are a total of 37 free zones in the UAE. Out of these many UAE free zones are in Dubai, others are in Abu Dhabi, Fujairah, Sharjah, Ajman, Umm al-Quwain, and Ras al-Khaimah.

The favoured free zones in Dubai include Dubai Airport Free Zone, Dubai Design District, Dubai International Financial Centre, Dubai Media City, Dubai Multi Commodities Centre or Jumeirah Lakes Towers Free Zone, and Dubai Techno Park.

Dubai Multi Commodities Centre is one of the largest free zones in the country, hosting more than 15,000 registered companies. It had also won the prestigious number one global free zone award from Financial Times FDI magazine for a fourth consecutive year in 2018.

Benefits of Setting up Businesses in UAE Free Zones

Here are some of the advantages of setting up business in UAE free zones are highlighted below:

Cost-Benefit of Establishing Business in UAE Free Zones

Here, company owners gain complete control of their business or 100% ownership even if they are not nationals of UAE. Many renowned investors from across the world, including India, have found this offer very lucrative and have developed business in the free zones without any hassle. Trading companies also find ventures in free zones quite profitable as there is an exemption from import and export duties. You do not need to pay huge taxes to the UAE government for importing goods in the free zones and re-exporting them for business.

Personal Benefits for Investors

Business owners in the free zones in UAE enjoy full repatriation of capital. It is a boon for investors in the Indian sub-continent as they incline to save their profit and return it to their own country. The UAE government allows foreign investors in repatriating wealth through a convenient and straightforward process. Moreover, there is no tax on corporate gains or personal income. So you can enjoy guaranteed zero tax liability on the profits of the business. This investor-friendly policy has drawn corporate giants throughout the world to set up companies in Dubai.

Infrastructural Benefits in Free Zones

There are ample infrastructural benefits in UAE free zones. You can find many pre-built offices, warehouses, and factories in this region, so you can set up your business at the earliest possible time by selecting the best package as per your requirement. The government has also allocated fast-track licensing procedures and single window clearance for administrative proceedings. Moreover, there are also liberal labour laws and favourable recruitment procedures. The factories can operate 24 hours a day, and there is convenient transportation network through the sea, road, and air routes.

These are some very compelling reasons to establish your business in the free zones of UAE. You’ll not regret it!

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