Free Trade Zones in Dubai are considered the juggernaut force behind the UAE’s ascension to becoming one of the world’s leading trade destinations. This is especially the case for Dubai which has over 30+ Free Zones itself. The concept has drawn investors from all over the world to relocate here and establish themselves. Today, setting up your business is looked upon as a major achievement by companies all over the world.
Dubai Free Zone License
Benefits of Free Zone Trade License
Following are the benefits of obtaining a Free Zone trade license in Dubai:
1. Full Ownership
Perhaps the most valued feature of a Free Zone trade license is the ability to 100% fully own your company, regardless of your nationality. This is in comparison to setting up business in the mainland where you will need a local sponsor who will own 51% of your company. This factor is what has attracted investors from all corners of the world to move here and invest.
2. Corporate and Import/Export Tax Exemption
The government has made a full-fledged effort in giving Free Zone based companies’ relief from taxes that would be applied elsewhere. Setting up your business here will exempt you from paying taxes on your profits as well as taxes on the goods that you export or import. Thus, leaving you with a healthier revenue that is sure to grow exponentially under the same conditions. Furthermore, you will be given the option of not paying corporate taxes for a period of 15 years, with the opportunity to renew and continue for another 15 years.
3. Repatriation of Capital and Profits
Another attractive feature of free zone trade license in Dubai without question. You will have the permission to transfer funds to your country of origin without worrying of any repercussions. What makes this deal sweeter is that you do not have to pay any taxes on the repatriation. Meaning that you can earn here and spend lavishly wherever you please. This further adds to the feeling of independency, equality, and freedom as a foreigner in Dubai.
4. Modern Infrastructure
Free Trade Zones in Dubai have some of the most advanced infrastructure in the world. This is because the government caters to the needs of all types of businesses including trade, media and medical etc. You can find an office that suits your requirements and has access to economical forms of transportation. Free zone trade license provides all these benefits.
5. No Minimum Capital
Last but not least, there is no defined monetary amount that you need to invest in order to start your company. This is primarily attractive to new start-ups that are a little low on budget. You do not need any extra finance besides the necessary fees for your license and office rent.
If all of these benefits sound good to you, then perhaps it is time to consider obtaining a trade license in one of Dubai’s free zones.
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For further information and assistance on how to register your company in Dubai Free zone, speak with our experienced consultants. Book your FREE consultation today at +971 558654072 or drop us a line on [email protected]
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