Free Zones in Dubai
Free zones in Dubai are very serious subject to investors nowadays because of its access to sea port and other benefits like ownership, tax exemptions etc. In UAE 100 % ownership is only possible if the company is set up in the Free zone. This is the only case no local partner is required to set up a business entity in Dubai. The company retains full control over their businesses and assets. Free zone companies in Dubai can transfer all the profit out of the country and there are no currency restrictions.
How Free Zone in Dubai operated
According to the World Federation of Free Zones (FEMOZA) a Free Zone is a portion of a clearly defined and isolated land or setting, with a special tax, customs and imports regime, usually involving a status of extra-territoriality. Free Zones in Dubai are special investment models allowing the client to do business without obstacles. The Free Zones are governed by established laws from the government of the country.
What are the criteria to be followed for Dubai Free Zone Companies?
The selection of the right Free Zone depends on the kind of activity that the entity wants to begin with as well as the infrastructure needed. Company formation in Dubai mainly in free zone is simple and no locals are required to set up companies in free zone. Regarding the UAE Free Zones Jebel Ali Free zone (JAFZA) is one of the worlds largest and the fastest growing free zone, established in the year 1985 which is occupied with more than 6500 companies. Dubai free zone jobs are the other important area related to free zone. Free zones provide more than 1 Lakh free zone jobs in UAE, the topmost contributors to employment are Jebel Ali Free zone and Dubai Airport Free zone.
Types of Free Zone Company operations
- Branch Office
- Free Zone Establishment – FZE
- Free Zone Company – FZCO
Free zones in Dubai are the main attraction for the foreign investors to invest in a business, the success of its all depends on how they make their decisions on to which free zone by considering the transport and other facilities. Emirates Chartered Accountants Group Dubai is a registered agent in all UAE free zone for company formation and other related services. You may reach at email@example.com for any enquiries we are happy to serve you.