4 Great Advantages of Setting up a Business in UAE Free Zone
There are many benefits to RAK free zone company formation, including 0% corporate and personal tax. Furthermore, businesses in free zones enjoy zero import and export taxes. Additionally, businesses in free zones can operate with no currency restrictions, beneficial for international trading. This means that they will be able to reap all the benefits that the UAE offers. However, entrepreneurs should do their homework and consider the pros and cons of each option before deciding to set up a company in the UAE.
All free zones offer virtual office services:
All free zones offer virtual office services, which are beneficial for SME’s that cannot afford to set up a physical office. There are several other benefits to setting up a business in a free zone, including foreign ownership and no restrictions on currency exchange.
You have 100% Ownership of the company:
Another benefit to setting up a business in a city-free zone is that it allows a foreign company to own 100% of the company. For example, if you decide to set up a company onshore, you must have at least a 51% Emirati shareholder. Also, if you decide to relocate to Dubai, you can easily obtain a business license.
Allows you to choose a business entity that best suits your needs:
In addition to the benefits listed above, free zones also have many benefits to investors. For one, the UAE offers multiple investment options and allows you to choose a business entity that best suits your needs. In addition, the free zone’s robust infrastructure and a high rate of tax savings make them a highly attractive option. Once you’ve chosen a company in a free zone, the next step is to secure an office in Dubai.
Government offers flexible laws and tax rates:
Apart from a low cost of operation, the benefits of setting up a business in a free zone are many. The government of the UAE offers flexible laws and tax rates for business owners, and the free zones are conducive to foreign ownership. You can use a UAE license for your company and have it approved by the relevant authorities. These benefits will help you set up a profitable business in the city.