The Dubai Freezones are international business centers that attract foreign investors and provide them with an environment free from regulation and taxation. Several benefits make free zones suitable to Set Up Freezone Company Dubai. Below are some fantastic advantages that attract entrepreneurs to set up a company in UAE Freezones.
The Process Of Setting Up A Company Is Quick And Easy
Setting up a company in Dubai Freezones is quick and easy. It takes only a few steps, including filling out an application form and paying the registration fee to the local government authority. Once you have done this, you can apply for your business license from the same authority.
It is Less Expensive To Set Up A Company In Dubai Freezone
The cost of setting up a company in the Dubai Freezone is significantly less than that of a company outside of it. Various organizations help you reduce this expense by as much as 50%. This can be achieved when you hire an expert who will guide you through all the steps involved in starting your own business.
Freezones are safe and stable environments to trade goods.
The most appreciated benefit of starting a business in free zones is that they are safe and stable environments to trade goods. Freezones are located in the heart of cities, which makes them well-connected to their surroundings.
There is a well-developed infrastructure within these zones, making it easier for businesses to set up without much hassle at all!
Tax-free profits and capital gains
Taking stock from your business is considered capital gain and can be taxed at 20%. However, if the company is started in a free zone, then all profits made from that company are tax-free. This means that if you sell your shares or assets after one year in a free zone, they will be treated as income rather than gains which would have been subject to tax had they been sold before Dubai Free zone company formation.
Freezone companies can conduct business outside UAE.
One of the main benefits of starting a company in Dubai Freezones is that you can conduct business outside UAE. This will allow you to buy and sell goods from other countries, hire people who work there, and export your products to them effectively.
You may also consider setting up an office in another country so that it becomes easier for you to do business with them and use their resources when needed.
These are just a few benefits of DMCC Free Zone Company Formation and other UAE Freezones. You can learn more about these benefits by following our articles.