Advantages OF -
Setting Up Your
Business In A Free Zone
The main objective of a UAE free-trade zone seems to be to eliminate trade barriers such as protectionist policies and complicated import restrictions from a port area, airport, or border.
1. Retain Ownership
Most countries permit 100% foreign ownership as well as shareholding. The majority of the free zone restrictions are published under the law of the UAE. Certain UAE free zones have no limitations on foreign exchange or capital repatriation. So companies get the advantage of retaining ownership of their business.
2. Business License
The UAE Free Zone License is the principal legislation required for conducting business inside any Free Zone. Free zone licenses contractually obligate businesses of all sizes, from startup companies and micro-enterprises to huge corporations, to benefit from variety of advantages when operating in the UAE.
3. Financial Incentives
Economic zones in which goods and services can indeed be purchased and sold are known as "free zones." These areas are also recognized as free trade zones, and perhaps even free zone authorities, and they allow you to trade goods and commodities without paying any taxes.
UAE free zones provide specific industry business licenses as well as a one-of-a-kind potential to defer, lessen, or completely remove import taxes on your product lines, which could also lead to substantial cost reductions.