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How to Hire a Lighting Designer 5 Benefits Of Polishing Your Car  <strong>Fire Fighting Equipment Suppliers: How to Find the Perfect One for Your Business</strong> What are the benefits of establishing a company in a free zone? Corporate giveaways- Some important things you should know How to Expand Customer Base of a Flower Shop? Visiting a Dental Center – Reasons Tips for buying women’s suits Benefits of Instagram Marketing for Startup and Small Businesses What Is the Importance of Car Batteries?
What are the benefits of establishing a company in a free zone?

What are the benefits of establishing a company in a free zone?

A company set up in Dubai can be done by any company. The company must have a registered trade name and be a subsidiary of a foreign one. A branch is considered an extension of the parent company but remains legally responsible for its activities. The major concern with a branch is tax. Tax is paid in the parent company’s jurisdiction, not the one where the company is located. However, a free zone company is not a subsidiary of a foreign company, which makes it an excellent option for a foreign business. Before anything, look into the Dubai freezone company setup cost.

Enjoy 100% tax exemption:

A Dubai-free zone company can enjoy 100% tax exemption and full repatriation benefits. The labor recruitment process is very simple and cost-effective, as the free zone permits companies to recruit foreign nationals. The procedures to register a company are straightforward and take much less time than in other jurisdictions. The immigration facilities are efficient, and setting up a company in a free zone is straightforward. The process of setting up a company is simple and quick.

Ideal for foreign ownership:

A free zone company is ideal for foreign ownership, as its registration fees are very low. There is no need for a physical office in Dubai, as the free zone can be used for domestic and international business activities. In the process of setting up a free zone company, the business owner must lease a property. Then, they must acquire an operating license from the FZA. Depending on the license type, companies can operate only within the free zone. An industrial license lets them sell their products in the UAE, while a trade license lets them export them worldwide.

No requirement for Emirati partner:

Once the application for a business license has been approved, a company can set up a free zone company in Dubai. Unlike limited liability companies, a free zone company is not required to have an Emirati partner. In addition, no service agent is required. The process is easy and quick, making the UAE a great place for a foreign-owned company. This makes it an ideal location for foreign-owned businesses.

In addition to a real estate license, a free zone company must also rent an office in the free zone. A license is needed to conduct its activities in the free zone. The lease agreement must be renewed every year. Once the business has been licensed, the company may conduct commercial activities.