Advantages of Starting a Business at Dubai Free Zone

February 7, 2018 Comments Off on Advantages of Starting a Business at Dubai Free Zone

The United Arab Emirates has established nearly 22 Free Zone areas to promote business and commodities trade in large space and dimensions. Jebel Ali was its 1st Free Zone that created benchmark for other extended plans regarding its regulations and policy formation. Company formation in DMCC Dubai free zone will be a remarkable opportunity for commodity trading or any other financial services providers like asset management companies.

A free zone is a restricted and clearly defined portion of land where special tax regulations are enforced to facilitate and promote business avenues. Being an international port and logistic service provider, Dubai is promoting its commodity sector and other import and export products and goods to play a greater economic development role and generate more opportunities for jobs and businesses in the country as well as in the region.

Free Zone territory is not only facilitating internal business units but also creating attractions for outer world. It has become a corresponding free zone hub for the worldwide operations. Due to no license restrictions in the Free Zone, a large majority of companies prefer to start or extend their business at the DMCC or other tax free zones.

Advantages of Starting Business in Free Zones include:

  • Income and Capital Gain taxes are exempted for free zone companies
  • Foreigners are welcome to start new or extended businesses without ownership restriction
  • Corporate taxes are not applicable on Free Zones companies
  • Duty free import and export to increase trading
  • Modernized technical support for better and efficient communications
  • Facilitating labor laws and liberalism for recruitment
  • High-tech safety and maintenance for safe working environment
  • Foreign Currency exchange and other exchanges are facilitating efficiently
  • Leased lands are available for development
  • Warehouse, pre-factory support, and office accommodation are available
  • Transportation and best infrastructure available in all means
  • Energy is available at a very low cost
  • Inexpensive living standards

Free zones in the UAE have their own rules, laws and regulations that may vary from zone to zone. Basic requirement of establishing any company at free zone is based on their business activities and its subject of approval by the free zone authority.

Sector preferences are designed to facilitate different types of businesses and similarly different rules, regulations and laws are crafted to minimize business difficulties to flourish. In Dubai, Jebel Ali Free Zone and Dubai Airport Free Zone are facilitating import and export businesses, with different manufacturing, assembling, processing, packaging, consolidating, distributing, and logistics companies. You only need to have enough experience about region where you want to start your business. For that purpose, click here to understand potential factors that need to be considered.

 

  • Published On : 2 months ago on February 7, 2018
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  • Last Updated : February 11, 2018 @ 8:25 am
  • In The Categories Of : Business Services