Reasons for establishing a new business in the Dubai free zone

 

Abu Dhabi combines rich culture with a modern way of living. The strategic location and several government incentives make it appropriate for establishing a firm for entrepreneurs and business people from all over the world. One such advantageous location for establishing a business is the Dubai free zone area. The goal was to attract corporations who wished to establish a presence in the UAE and the rest of the Middle East. Because of its vast size, the area is suitable for the establishment of companies and businesses from a wide range of industries. Let's take a look at some of the advantages of the Dubai free zone area, which provides numerous advantages to enterprises globally.

Advantages of Establishing a Business in a Dubai Free Zone

Ø  Excellent Connectivity: The Dubai Free Zone has easy access to numerous international airports and can connect to about sixty seaports via seaport. It boasts a well-connected railway system as well as a four-lane highway. There is also a Hot Metal route that is only used to transport liquid metal. This is the free zone to which Etihad Railways connects. If you are intending to open a firm in Dubai, the modular routes built port services and many essential and feature-filled buildings and warehouses.

Ø  Digitalization: The Dubai free zone has all new infrastructure and is eager to embrace digitalization. The digitization of numerous processes will aid in the quick and easy acquisition of various permits, as well as the seamless and easy registration of enterprises in the free zone.

Ø  Licenses: The Abu Dhabi Department of Economic Development (DED) provides a dual licensing regime for those looking to launch a business in Dubai . Companies established here do not require a distinct physical facility, nor do they require a local service agent. Therefore, you can also obtain a commercial license for Abu Dhabi, with the possibility of establishing a low-cost branch firm on the Mainland.

      Read Also This - Business Ideas for Women Entrepreneurs in Dubai

Ø  Cost Advantages: There are no personal or business taxes, and enterprises established in the free zone do not have to pay customs fees on items. In addition, the free zone offers competitive lease rates and logistics costs. Companies established in free zones can trade duty-free with neighboring GCC nations.

Ø  Helping Investors: According to the World Bank, Dubai is the most business-friendly city in the Middle East. It also allows for 100% foreign ownership and even complete capital and earnings repatriation. According to the Economic Intelligence Unit, it is the safest country in the Middle East. As a result, you should consider planning for company formation in Dubai.

Ø  Location Advantage: Dubai Free Zone is positioned midway between Dubai and Abu Dhabi and is less than a one-hour flight from all emirate capitals. The free zone serves an indigenous population of more than 50 million people and can be reached from anywhere in the world due to ease connection for operating a business in Dubai.

Conclusion

Besides from these, we can infer that there are numerous other advantages to establishing a business in the Dubai free zone area. These advantages make the free zone an excellent location for establishing a business. It also enables you to obtain 100% foreign ownership and even complete capital and earnings repatriation. You do not have to pay any personal or company tax, and enterprises established in the zone do not have to pay customs charges on items. In addition, the free zone offers competitive lease rates and logistics costs.

LegalRaasta will assist you at every stage of your journey to success in the Dubai Free Zone. You can receive one-on-one mentoring from our specialists and advice on how to resolve legal issues and build your business. LegalRaasta will handle all of your business setup questions in Dubai, as well as other services such as GST tax, IPR services, fssai registration, company creation in India, and many others. Contact us for more information on the services we provide - we will be pleased to assist.


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