Dubai free zones
One of the oldest, biggest, and most well-known free zones in the United Arab Emirates is the Jebel Ali Free Zone Authority (JAFZA), which was founded in 1985. After the JAFZA Offshore Companies Regulations 2003 were published, the free zone began to assist with offshore company establishment in Dubai. Investors and business entities are permitted to create offshore or non-resident firms in the free zone under the JAFZA company creation laws. For investors looking to set up a business to utilize as a holding company or to buy real estate in Dubai, JAFZA offshore company creation is the best option. Investors typically establish an offshore corporation in JAFZA to reduce tax obligations or safeguard valuables.
Advantages
The free zones in the UAE give businesses unlimited trade options with both international and local markets, enabling them to broaden their market reach and develop their operations.
It is well known that establishing a business in the free zone of the UAE is a cheap and simple process. In reality, a completely remote free zone company formation process is offered by several free zone authorities, such as IFZA. Within days, you can start your business.
The fact that free zone enterprises may be operated virtually without a requirement for actual office space will be welcomed news for those hoping to take use of the UAE's competitive advantages but who think that renting offices poses a barrier.
In the United Arab Emirates, free zones follow a low tax policy, which exempts businesses from several taxes, such as value-added tax (VAT), corporate tax, and customs.
Investors that establish a firm in a free zone in Dubai will benefit from 100% foreign ownership and won't require a local service agent.
Foreign investors will also enjoy a 100% repatriation of capital and profits.
The UAE's free zones take use of strategically important, easily accessible sites and provide top-notch amenities like office space and warehouses that businesses require to succeed.
