Free zones in Dubai are very serious subject to investors nowadays because of its access to the seaport 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 its businesses and assets. Free zone companies in Dubai can transfer all the profit out of the country and there are no currency restrictions.
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 the 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.
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 the free zone is simple and no locals are required to set up companies in the free zone. Jebel Ali Free zone (JAFZA) is one of the worlds' largest and fastest-growing free zone, established in the year 1985 which is occupied by more than 6500 companies.
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.
For more services under the company formation follow the below links
Emirates Chartered Accountants Group Dubai is a registered agent in all UAE free zone for company formation and other related services.
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Mr. Viju Divakaran | Sr. Consultant
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