Most of the new investors have been cherished a dream to invest outside the home country and UAE is one of the most attractive places to invest.
Low tax rate, good business environment, and government support make the country this much attractive and emerging marketplace for the rest of the world.
But these facilities are not the headline of this huge attraction. Then what?
Free zone of UAE is the main attraction for the new investors as well as the big investors. In this article I am going to tell you what is a free zone and why should you consider one for your company setup. So without further talk, let’s get started.
What is the free zone?
In an easy term, a free zone is a specific area or setting where the customs, tax and the import regime are different from the original area or setting.
And when it comes to UAE free zone, it offers more advantages that are different from the main area of UAE that makes it more attractive than the main area of UAE.
Why should you consider one for your company set up?
If you are thinking of setting up a company in UAE then there are a plenty of benefits the free zone has been offering to you.
Zero tax rate
One of the major benefits you will get in the free zone is zero tax rate. For any new establishment, the free zone offers zero tax on any corporate profit as well as income for fifty years.
Easy setup
A lot of starters do not invest in the foreign country due to the trouble of setting up a business. But in most of the free zone area, the business set up is so straightforward and when it comes to UAE free zone, it is easier and more straightforward.
Though most of the application processes depend on the type, the activity of your business and free zone choosing, in many cases what you need to provide is some basic documents like business paperwork and passport copies.
And the good news is that it takes only 1 or 2 weeks to complete the whole process.
Foreign ownership
The main problem with starting a business outside the home country is the ownership. In most countries, you need to share your ownership with the national authority. But here you need not share your ownership at all.
Supportive authority
You know, setting up a business in foreign is not easy, especially managing staff for business, opening the bank account, and getting and finding other services. But in the free zone, the authority helps the new investors to find and get those services. And what more? In some cases, the authority provides business consultancy to enrich the business as well.
Final thoughts
The free zone of UAE is a great choice for every investor since it is a rising market and it offers so many benefits and support to spread their business. Interested? Then visit emirabiz in order to know more and get details information about the free zone.