100 likes | 183 Views
Free Zone Areas are special trade areas in the UAE, with regulations and tax settings that differ from the rest of the UAE. <br><br>Each free zone is designed for specific industries and only companies that fall under these categories can set up business in these Free Zones.<br><br>Unlike companies in the rest of the UAE, Free Zone companies can be 100% owned by a private individual, with no restrictions regarding Expat recruitment.<br><br>Free Zone Entities can be of 6 types, namely<br><br>-Limited Liability Company (FZ-LLC),<br>-Establishment (FZE),<br>-Branch (FZB),<br>-Limited Liability Company (LLC),<br>-Individual Establishment (IE), and<br>-Local Branch (LB)<br><br>Special Privileges - FTZs get certain regulatory, tax and tariff incentives to attract export companies. Some of these privileges include:<br>-Customs Duty Exemption,<br>-Export and Import Tax Exemption,<br>-VAT Exemption,<br>-Complete Foreign Ownership,<br>-Lower Corporate Tax, and<br>-Higher Limit of Foreign Employees. <br><br>Visit yellowpages-uae.com to Contact Free Zone Business Setup Consultants in UAE i.e. at http://www.yellowpages-uae.com/uae/free-zone-business-setup
E N D
Advantages of Free Zones in the UAE
Free Zone Areas are special trade areas in the UAE, with regulations and tax settings that differ from the rest of the UAE.
Each free zone is designed for specific industries and only companies that fall under these categories can set up business in these Free Zones.
Each Free Zone is governed by an independent Free Zone Authority. • These authorities are responsible for issuing FTZ licenses and to provide Free Zone companies with any necessary assistance.
Unlike companies in the rest of the UAE, Free Zone companies can be 100% owned by a private individual, with no restrictions regarding Expat recruitment.
Free Zone companies are free to carry out business in FTZs, with Commercial Companies Law exemption.
Free Zone Entities can be of 6 types • Free Zone Limited Liability Company (FZ-LLC), • Free Zone Establishment (FZE), • Free Zone Branch (FZB), • Limited Liability Company (LLC), • Individual Establishment (IE), and • Local Branch (LB)
Free Zone Entities can be of 6 types • Trading License • Commercial License • Media License, • Industrial License, • General Trading License • Consulting / Service License
Setting up a company or a business in Free Zones in the UAE have several benefits. Infrastructure Accessibility • Customs Duty Exemption • Export and Import Tax Exemption • VAT Exemption • Complete Foreign Ownership • Lower Corporate Tax and • Higher Limit of Foreign Employees.
Visit yellowpages-uae.com to Contact Free Zone Business Set Up Consultants in UAE