UAE allows entrepreneurs and proprietors from foreign countries a great amount of freedom to operate as a business in the UAE. While you would normally have to start a business in the UAE with a UAE-national partner, the Freezone company setup allows company setups to comprise of 100% foreign ownership. This setup is very popular amongst foreign investors and has led to an economic boom in the UAE.
Freezone companies enjoy many more benefits than just being able to exist. Here are some of the perks:
This is by far the biggest advantage a company can get. All companies in the Freezone are entitled to a tax exemption. After the initial term is over you can even renew the tax exemption so you’ll be getting the benefits for more than one quarter or a year. You would need to fill in some paperwork and fill some legal obligations but in the end, you’d be saving a ton of money.
When you put capital into a business, you expect your business plan to give you a good idea of when you’ll be able to make your money back. If you’re a Freezone company, you don’t have to worry about that at all. You’ll be entitled to a complete repatriation of your invested capital. You might need professional help with setting up the application but once you’ve gone through the process, it’s all clear sailing.
Since Freezone companies are the government’s idea, they make sure that the setup thrives. To this end, the government provides complete support to companies once they’re up and running. Whether it’s financial or administrational help, the UAE government makes sure that foreign investors feel safe and secure in the environment that they’ve set up.
With so many benefits associated with the setup, what’s the reason everybody’s not setting up a company in the UAE? That’s because if you want to successfully get a business setup, you can’t blindly go in to the abyss; you will need a helping hand. A lot of entrepreneurs fail to reap all the benefits they could because they had no one to guide them through the process.
BB1 Business Center is an experienced team of consultants that have helped many companies in JLT Freezone setup. Click here to visit website and find out more about how we can help you with an effortless company formation.
Meta: Companies in the UAE Freezone reap many benefits. We can help you capitalize on them all.