As per standard procedures, business setup consultants in Dubai are the entities that assist an entrepreneur and investor in Dubai Freezone company formation. Nowadays more and more Freezone companies are being established in Dubai due to its progressing popularity and long-term scope. The newly altered market-oriented laws endorsed by the authorities have enabled the establishment of business in Dubai for entrepreneurs with less complicated and more advantageous outcomes.
WHAT IS MEANT BY A FREEZONE COMPANY?
A Freezone company is an enterprise or trade that is put up in any special lucrative area or location that s recognized as a free trade zone later. A freezone enterprise is established for various reasons prominent ones being, Tax-free stature and beneficial conditions available for business. These conditions make the process of the firm building up very simple and highly favorable.
BENEFITS OF ESTABLISHING A FREE ZONE COMPANY:
Following are the favors and advantages one receives when they set up a Freezone company in Dubai:
- DO NOT HAVE TO BE A LOCAL TO SET UP A BUSINESS:
If you are foreign and wish to set up a business in Dubai, worry not, because now with improved laws any foreign entrepreneur can set up a Freezone company in Dubai without requiring a local Emirate partner.
- TAX-FREE EARNING AND PROFITS GENERATION:
Entrepreneurs establishing a Freezone company and generating revenue through it are not bound to pay any taxes from their yearly earnings and profits generated through their business setup in free trade zones.
- FREE FROM CLUTCHES OF FOREIGN CURRENCY EXCHANGE POLICIES:
Usually, establishments, especially with a foreign owner that is not a local of that state, have some restrictions when it comes to funds transfer and acquirements. As they can only receive or transfer funds as per the limit of the amount permitted by the official laws of currency exchange.
However, Freezone companies are free to transfer and receive a limitless amount of funds from their official company accounts without having to abide by the foreign currency exchange policies.
- DUTY-FREE SERVICES AND PRODUCTS:
No cruelty or extra charges are imposed on the services and products produced by the Freezone companies.
- DISCOUNT ON THE ELECTRICITY BILLS:
The federal authorities of Dubai have imposed discounts on the electricity bills of the Freezone companies so that they could generate as much revenue as possible without any restrictions and obstacles.
- EASIER AND FASTER PROCEDURE OF LICENSE APPROVAL:
The conditions and procedure of Freezone license approval are faster as compared to the local mainstream enterprise setups.
- NO PROBLEM WITH AVAILABILITY OF SUITABLE WORKSPACE:
Since the government of UAE has produced and enforced exceptionally simpler policies for the foreign trade and investment establishment in Dubai. Therefore, there is availability of plenty of suitable workspaces for Freezone companies to operate with no restriction on operating hours.
Only proficient business setup consultants in Dubai can help an investor come across the right policies enforced by the authorities of UAE for the Dubai Freezone company formation.
