Benefits of Obtaining a Free Zone Trade License in UAE
There are many benefits that business owners can enjoy through the acquisition of a free zone license. These benefits include:
100% Foreign Ownership:
One of the major advantages of establishing a business in one of Dubai’s many free zones is owned 100% of the company. This gives businesses more control and flexibility in operations and when making decisions.
Another major benefit of obtaining a free zone trade license in Dubai is the tax exemption. Businesses that operate within free zones are not subject to income taxes. This is what makes free zones a desirable option for companies looking to reduce their operational costs and increase profits.
Businesses that opt for free zone companies also enjoy other privileges, which include no restrictions on the repatriation of capital and profits.
Easy Company Setup:
Freezone company formation in the UAE is a simple and hassle-free process. It is a one-stop-shop solution with streamlined procedures and fast-tracked approvals. This allows businesses to start their operations quickly and efficiently.
Access to World-Class Infrastructure: Free zones in Dubai offer state-of-the-art infrastructure, including modern office spaces, warehouses, and transportation facilities. This provides businesses with a conducive environment to operate and grow.
Simplified Employment Visas:
Free zone companies also have the advantage of simplified employment visa processes. As they are not required to obtain approval from the Ministry of Human Resources and Emiratisation, businesses can easily hire skilled workers from both within and outside of the UAE.