11 May Advantages of free zones in Dubai
المنطقة الحرة هي منطقة يتمّ فيها تقليل المعوقات التجارية، مثل رسوم المرور والبيروقراطية المفروضة على حركة التجارة , وبالتالي جذب الأعمال الجديدة , والتشجيع على الاستثمارات الأجنبيّة. كما تعد مناطق التجارة الحرة ذات كثافة عمالية مرتفعة، وفي هذا المقال سنعرفكم عليها أكثر.Therefore, each free zone in the UAE has been established to serve a specific objective to support specific activities. For this, above all, The investor must seek the assistance of an experienced consultant to choose the right free zone that is suitable for business requirements.
Itqan company, which specializes in establishing companies in Dubai, can also help you choose what suits the nature of the activity you wish to engage in
But, before that, get acquainted with us about the advantages of establishing a company in the free zone
Advantages of free zones
- 100% foreign ownership allowed
- Repatriation of 100% of capital and profits
- 100% exemption from corporate, personal and income taxes
- Exemption from all import and export fees and low freight charges
- Efficient communication procedures and one-stop management
- Flexibility to work 24/7
- Freehold offices available for sale or rent (in some free zones)
- Offices, factories and ready-made warehouses
- Abundant power supply
- Unique industrial clusters and purpose-built infrastructure
- Residence visa in the United Arab Emirates for a period of 3 years
- No restrictions on hiring expatriates.
Required papers and documents
Likewise, get acquainted with the required papers and documents.
- A copy of the shareholder’s passport
- Shareholder business profile
- Duly fill out the application
- A reference letter from the bank (in some cases only).
Important note
- Free zone companies are not allowed to operate directly on the UAE mainland. Either because they need a distributor located in the mainland or they need approval from the Ministry of Economic Development to operate in the mainland that is to say, free zone companies are suitable for those who do not have any mainland focused business.
In the end, if you want to establish a company in Dubai, you can seek the help of the experts of Itqan Company to establish companies in Dubai. Itqan Company is a group of business establishment consultants in Dubai that will, on your behalf, issue all permits and papers and complete all legal procedures to help you establish legally.