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The United Arab Emirates offer a total of forty Free zones for setting up businesses and companies. Each Freezone is located near other commercial sites and offers a license to companies belonging to their categories. Moreover, each Free zone is operated by its individual set of rules. The greatest advantage of business setup in Freezone is that there is no foreign restriction in terms of ownership. Moreover, each free zone is directly governed by its Free Zone Authority. This FZA is responsible for issuing of licenses and also for regulation of the activities of the company.
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UAE FREE ZONES IS CONSIDERED AS MOST APPROPRIATE BUSINESS LOCALES, WHY
The United Arab Emirates offer a total of forty Free zones for setting up businesses and companies. Each Freezone is located near other commercial sites and offers a license to companies belonging to their categories. Moreover, each Free zone is operated by its individual set of rules. The greatest advantage of business setup in Freezone is that there is no foreign restriction in terms of ownership. Moreover, each free zone is directly governed by its Free Zone Authority. This FZA is responsible for issuing of licenses and also for regulation of the activities of the company. • It can be said that UAE has become a business hub and most ideal location for company formation. Here are the reasons which have made Dubai free zone business setup so popular:- • Complete Ownership: Dubai free zone company formation provides the special feature of complete ownership to its foreign clients as well. • Repatriation: The free zones of Dubai allow easy repatriation of profits and capitals. The business rules of the free zones allow the business to easily get their foreign currency converted to local currency without much hassle. • Exemptions:It is yet another reason which pulls more people for business setup in FreeZonearea. Establishing offshore companies actually exempts the client from the pressure of paying import and export taxes. Apart from this, in several cases, corporate and personal taxes are also exempted.
Cheap Energy Source: As these Freezone are commercial areas, you can easily get hold of inexpensive means of power and energy at your doorstep. • Modern Communication: These free zone areas are very well developed and well acquainted with all kinds of modern and efficient means of communication. Easy conveyance and presence of all kinds of other facilities near hand provide great help to the clients who have setup their businesses. • Protection: In a Freezone, you can easily continue your business undertaking without any intervention of others. These establishments do not require providing information about their assets unless proper authorities request them for it. • Easy Availability Of License: The steps involved in getting a license for setting up all kinds of companies like Llc Company in Dubai is easy and avoids many complications. • Good Support Services: There are several companies and establishments who provide service to these new startups by providing best consultancy services in town. • Although all the free zones provide the above-stated advantages to its customers in general, each Freezone is quite different for the other. The type of activity involved in your business undertaking will decide which Free zone is suitable for Dubai free zone company setup. You should choose the appropriate free zone according to the nature of your business before setting up a limited liability company in Dubai.