Benefits of business setup in Dubai Free Zones
Business setup in Dubai free zones are a great way for any foreign entity to set up a business. Dubai free zones offer ideal office setups, boundless infrastructure, access to free-hold property and comprehensive privacy to investors. Business setup in Dubai free zones takes less time. Investors need to show a capital amount in their bank accounts and submit documentation.
Busines setup in Dubai free zones is possible with 2 to 5 shareholders. Every free zone in Dubai has a different limit on the requirement of minimum capital. But there are also free zones in Dubai that have no obligatory condition of having a capital.
Under a free zone establishment business setup a company can have only one shareholder. He or she will be the sole owner of the business. Under free zone establishment no other shareholders are allowed.
A branch company is perfect option for businesses that have their base in other country or jurisdiction. Even some mainland companies start a branch office in Dubai free zone. The aim is to take benefit of the various perks free zone business setup offers. Branch office companies are set up as a legal part of a parent company.
This is one of the most enticing benefit that motivates investors across the world to start a business in Dubai free zone. Dubai free zones offer 100% foreign ownership with complete rights over your business.
Lately, UAE along with the many gulf regions introduced value-added-tax in 2018, along with which even some of the free zones had to have introduce VAT. Yet, there are several free zones in Dubai that are still 100% tax free and don not levy any tax on the imports and exports made by the businesses. Also, free zone companies have no corporate taxes or income taxes.
Free zones in Dubai also offers you 100% return of capital and profits, which mean you have entire control over the capital and the profits of the company.
Business setup in Dubai free zones are monitored by distinctive authorities. These authorities have their own rules and regulation different from the UAE commercial law. This allows complete secrecy for companies allowing 100% privacy with limited financial reporting.
Business setup in Dubai free zones provide a single window system for companies that makes company setup quick and easy. Free zones in Dubai also provide quick administration services, on-site customs inspection and online customer service.
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