{"id":26648,"date":"2022-07-18T07:51:45","date_gmt":"2022-07-18T07:51:45","guid":{"rendered":"https:\/\/itqans.com\/benefits-of-investing-in-the-free-zone-in-the-emirates\/"},"modified":"2022-12-18T12:15:38","modified_gmt":"2022-12-18T12:15:38","slug":"benefits-of-investing-in-the-free-zone-in-the-emirates","status":"publish","type":"post","link":"https:\/\/itqans.com\/en\/benefits-of-investing-in-the-free-zone-in-the-emirates\/","title":{"rendered":"Benefits of investing in the free zone in the Emirates"},"content":{"rendered":"\n

Incorporation of companies in the free zone in the United Arab Emirates makes them companies subject to the rules and regulations of the free zone in which they were incorporated, which differ from the establishment of companies outside it.<\/p>\n\n

With the exception of obtaining citizenship in the United Arab Emirates, The provisions of the Commercial Companies Law (CCL) do not apply to free zone companies. Provided that the free zones enjoy suitable conditions. <\/p>\n

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What are free zones? <\/strong><\/h2>\n\n

Free<\/a> zones are geographically defined areas within the United Arab Emirates. allowing for 100% foreign ownership. Free zones were established in the United Arab Emirates to support strategic transformation in vital sectors.<\/p>\n\n

for example, The Dubai International Financial Center (DIFC) attracts companies in the financial services sector. Such as insurance companies and financial services. Also, you may find that Dubai Media City – a free zone in the Emirate of Dubai – has its own infrastructure and licenses adapted to the needs of the media industry and has its own laws and conditions. You may also find the Dubai Airport Free Zone (Dafza), which is a vital business center in the middle of the most prominent global trade areas. And due to its privileged location and proximity to the most active international airports in the world, Dafza is the perfect gateway to enter the region’s market. In addition to being a link between Europe, the Indian subcontinent and the Far East.<\/p>\n\n

Thus, each free zone has its own requirements regarding the minimum capital. Office or warehouse space and permitted activities. They each possess the relevant licenses and sufficient legislation to enable their dedicated industry to thrive.<\/p>\n

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Advantages of establishing a free zone company in Dubai<\/strong><\/h2>\n\n

The main advantage of free zone companies is 100% ownership, regardless of the nationality of the founder. And depending on the laws of the free zones, there is no need for a local sponsor or agent for the services of an Emirati citizen.<\/p>\n

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Advantages of free zones<\/h2>\n\n

Free zones<\/a> in the UAE generally have good infrastructure and a business-friendly environment. There is a lot of government support for entrepreneurs and investors in free zones. Hence many benefits are transferred to the companies operating within the free zones. for example, The physical infrastructure of the DIFC is comparable to international standards.<\/p>\n\n

1- Free zone companies are 100% tax-exempt. Depending on the free zone and working in it, The term of the exemption may last for several years and this exemption is renewable. <\/p>\n\n

2- Companies in the Dubai Free Zone<\/a> may open a bank account in Dubai, and access to international business.<\/p>\n\n

3- The company can also be liquidated in the free zone and in accordance with its laws at any time, and you can also keep real estate property in the name of your company after its liquidation in accordance with the free zones law in the Emirates<\/a> .<\/p>\n\n

4- The number of free zones is increasing. In addition to the Dubai International Financial Centre, Thus, free zones cover a variety of sectors, What makes setting up a company very flexible. <\/p>\n\n

The availability of a large group of multicultural professionals, which makes it easy to attract international employees, Where all free zones provide integrated services for work visas.<\/p>\n\n

You can do any job in the financial fields, or educational, or retail, or hospitality, or media, etc. It is advised to refer to the concerned free zone authority to know the activities authorized by each concerned free zone. You can use a team of specialists and professionals from ITQAN Dubai to help you easily establish your company. <\/p>\n

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Establishing projects in these free zones in Dubai is considered one of the best options for foreign investors who are constantly seeking to benefit from these distinctive advantages enjoyed by the free zones in Dubai. These areas were established in light of the UAE’s endeavor to diversify its sources of income by encouraging investors to invest in that local economy of its own.<\/p>\n

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Those investments that are created in the free zones in Dubai are subject to the many laws that govern them, as well as investment in the free zone<\/a> is subject to that authority that governs the free zone.<\/p>\n

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Therefore, in order to invest in the free zone, you must follow those steps that help you to establish projects in the free zones in Dubai, and these steps include:<\/p>\n