Dubai is one of the most precious gems of the world’s crown. It is a captivating city to live, work, travel and do business in. the city offers myriad of benefits to the entrepreneurs looking to set up a business in it. Among the loads of benefits it offers, the lack of taxes levied from companies, the possibility of establishing companies in its more than 30 free zones and the amazing infrastructure which allows the establishment of any type of trading activity are the most head turning ones. As a matter of fact, foreign investors have many benefits if they decide to set up a business in any of the Dubai free zones.
Below are a few of the key advantages of Dubai Freezone company formation…..
- The Great Number Of Dubai Free Zones –
The first and foremost benefit of setting up a business in a Dubai free zone is being surrounded by the great numbers of free zones. There are more than 30 free zones in Dubai and many more are under construction. So, there is no dearth of choices in terms of choosing the best free zone to set up your business in.
- The Tax Benefits Offered By Dubai Free Zones –
Companies operating in Dubai free zones have multiple tax advantages. Among these, we mention:
- One of the lowest value added taxes in the world at a rate of 5%;
- The lack of any taxes imposed on the corporate income of locally registered companies;
- Access to a wide network of double taxation agreements concluded by the UAE.
- The free repatriation of profits is available in all of Dubai’s free zones.
- Dubai free zone companies also gain from exemptions on imports and exports.
- The Company Registration Process Is Easier In A Dubai Free Zone –
Registering a company in Dubai free zones is not so tough. It is pretty quicker and easier to register a company of your choice in any of the Dubai free zone as compared to Dubai Mainland company formation. The company incorporation procedure of a business is completed in one step in a Dubai free zone.
- Facilities Offered By Dubai Free Zones –
Dubai Free zones offer various facilities that include large office spaces, factories and warehouses which operate within the same areas where the companies are. Due to which, the time and money spent on such facilities are reduced to a nominal.
If you are one of the many foreign investors willing to open companies in Dubai free zones, contact the local firms to get assistance right now.
