Incorporating a free zone company is an excellent option for those who want a complete ownership of their businesses. In this form of company formation, an investor can conduct the business according to her interest without the mandatory support of a local sponsor. While enjoying 100% ownership, she can also benefit from the tax exemptions offered by DAFZA(Dubai Airport Freezone Authority). This exemption has made free zone company formation as one of the most favoured business structures for businessmen and start-ups across the UAE.
A Free Zone is a designated area where companies are lightly taxed or not taxed at all. Intended to encourage FDI and trade, many countries around the globe have created free zones and successfully converted them into economic hubs. The MENA region has some of the largest and most developed free zones in the world.
With 20 free zones, Dubai has successfully placed itself on the business map of the world. Free Zones in the UAE have been designed around a specific business type, and each zone is managed and governed by a separate authority known as a Free Zone Authority. They are responsible for issuing Licenses and visas to the companies operating inside the Zone, and the overall management of the specific free zone. Each zone has its own rules and regulations for the business registration process.
Although there are numerous advantages of forming a company at Dubai Free Zones, there are a few limitations as well. A Free Zone Company cannot trade directly with the UAE market, and in order to do so, a Customs Duty of 5% will be applicable.
Since different zones benefit different types of business, it is essential to take business advice before deciding on a particular free zone. ExecPro offers a wide range of certified services for setting up a company in Dubai Free zones. We have years of experience in establishing businesses in the UAE free zones. From business registration to employment visa, we will provide everything right from the start until it is successfully established.
Exec Pro has constantly been enthusiastic to help financiers and businessmen in developing a reality of their goal of experiencing the most talked about business freedom in the Dubai Free zones.
We are specialist business advisors who can offer you with superb continuous resolutions for your free zone company formation necessities wherever in Dubai.