What is a Free Zone Company?
Free zones are economic areas where goods and services can be traded. They are particularly popular with privacy-conscious entrepreneurs because there’s 100% foreign ownership with no open directory of company details. This means that sensitive corporate information such as shareholder details are never disclosed to the public.
Financial benefits include 0% tax rates, preferential customs duty rates, and 100% import and export tax exemption.
Free Zone Company
Ideal in early stages.
Easier to open and manage.
Can be set up remotely.
100% Foreign ownership.
Corporate tax exemption.
Import/Export duties exemption.
Support from the government.
Benefits of setting up your company in a UAE free zone
There are many reasons to open a company in one of the many free zones in the UAE, lets’s explore the four key factors that most business owners care about:
100% Foreign ownership
One of the most appealing benefits of establishing a business in a free zone is full ownership rights. You can enjoy 100% ownership without help from sponsors, which means you have more control and are less at risk for any potential challenges or setbacks that might come up down the line.
Corporate and personal tax exemptions
UAE’s tax laws make it one of the most attractive locations to set up a company internationally. Free zones offer 100% exemption from personal and corporate taxes, no strings attached!
Import and export duties exemption
The UAE exempts business owners from paying import and export duties while having no currency regulation restrictions. This flexibility in currency exchange makes doing international financial transactions much simpler allowing your business to conveniently expand its horizons!
Support from the government
The UAE government is supportive of new-age business owners and has created world-renowned infrastructure to help support their growth. The free zone authorities also assist new businesses in getting a free zone license to get their business off the ground.