Written by Dr. Hassan Elhais Dubai is a well-respected pathway to the East, and since it became a financial hub, companies that engage in all types of business activities are now looking to establish a presence here. Dubai has over ten freezones, which provide international investors with the opportunity to expand into the Middle-East and beyond.
With a wide range of options available for freezone company incorporation, you can select one which reflects the nature of your business. Whether it is the location, the brand or the facilities of the freezone which attract you, you can find the best solutions based upon your legal and business preferences. As each freezone is set up to facilitate certain types of business activity or transactions, it is important to receive legal advice which suits the needs of your business.
With 100% foreign ownership of a company here in the UAE and the ability to trade or operate within the freezone, a freezone entity can provide great benefits to those wishing to expand their operations to the Middle East and beyond. In addition, with visa facilities available, you may even opt to move to the UAE with your business. Whilst expanding your operations and developing a well-respected international presence, why not do this in the most economically efficient way possible too? With 0% import and export tax, 100% repatriation of capital and profits, no corporate taxes for 15 years (renewable for an additional 15 years) and no personal income taxes, you are set up to have even more success and profitability.
Freezones themselves are also extremely helpful when it comes to setting up in the UAE as they provide excellent assistance with labor recruitment, sponsorship and housing. Furthermore, the freezone areas themselves are well equipped with amenities, facilities and communication infrastructures required to set up a business. The increased number of free zones operating in the country is serving to offer a wider range of options to potential investors, and allow a real existence in the UAE through offices or warehouses.
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