We all are aware of how Dubai transformed itself from a desert city to one of the most developed city.
Today Dubai is known as the commercial center which converted itself with the help of free business zones. Every entrepreneur aspires to affiliate their company in Dubai free zone company formation leading to a lot of foreign investments. The free zone in Dubai offers a range of attracting services for entrepreneurs and investors.
It is a thread for the entrepreneurs that brings them together and bind them with networking opportunities and development. Dubai free zone also offers varied options to the investors to select the business unit that fits with their corporate purpose and needs. The liberty of selection of any business, tax savings, and a strong organizational set-up lead stakeholders and businessmen to choose Dubai free zone company formation. Before taking the decision of setting up the business in Dubai free zone an in-depth study is essential. Below are the points and benefits proving you why it is the best option to launch a business in Dubai free zone.
1. Free zone allows entrepreneurs 100% ownership of the firm. While setting up a business in Dubai free zone, a local service agent or a local sponsor is not needed.
2. Dubai free zone company formation has a hassle-free registration process. You need to submit minimal documents while registration.
3. Free zones offer a wide variety of infrastructure and services to a company. Moreover, free zone also provides facilities that are required to carry out a business.
4. The incorporation in Dubai free zone company formation is faster and has a smooth process.
5. Dubai free zone company formation enjoys a 100% exemption from import and export duties. The companies in the free zone are free from customs duties.
6. Right to repatriate the capital is given to Dubai free zone companies to the state of their origin fully or partially.
7. Recruiting and employing in the Dubai free zone companies is a smooth process. If you have a specific employee, you can bring them to UAE as well.
8. Dubai free zone company formations are allowed to obtain immovable properties within the country. Entrepreneurs can also participate in investment projects and function as owners to other companies in UAE and other countries.
9. The government does not restrict the entrepreneurs and businessmen of free zone at the legislative level on the currency exchange and profit. It does not even limit the withdrawal in form of dividends and capital formation.
10. Full freedom from the fees, corporate and personal taxes.