Free Zones in Dubai

Investors are always on a look out for opportunities that could reap higher profits and low expenditures. Taxation and custom fees are the unwanted but apparent costs that are incurred when setting up and running a business. The free zones in the UAE strikes all the right chords and provides a tax free trading opportunity along with other benefits for businesses .Entrepreneurs find a relatively easier gateway to kick start their venture.

Economic zones, that are setup with the objective of offering tax free and free custom duty benefits to expat investors are termed are free zones. Dubai has been a center of attention

With a wide list of free trading zones that cater to a specific category of business in a specific geological setting. Few examples are as follows:

l  Dubai Airport Free Zone

l  Dubai Cars and Automotive Zone (DUCAMZ) also known as Dubai Auto Zone

l  Dubai Healthcare City

l  Dubai International Academic City

l  Dubai Internet City

l  Dubai International Financial Centre

l  Dubai Knowledge Village

l  Dubai Media City

l  Dubai Gold and Diamond Park

The free zones are specific in their nature. Each Free Zone is designed around one or more business industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories. Most of the free zones in Dubai broadly offer trading, service, industrial, national industrial, and branch licenses to investors looking to set up their businesses.

A business setup in Dubai free zones can expect to receive the added advantages of having :

-100% ownership, all the profit goes to the owner.

-An exemption from import duties, that cuts costs drastically.

-No currency restrictions.

-No personal or corporate tax, more profit.

-Fewer nationality restriction, most of the people from any part of the world can start up their businesses.

-100% repatriation of capital and income.

-3 year visa for investor and their family members.

Proper guidance and money allocation can result in a profitable business venture that kicks off pretty well from the start. The pros of operating in the free zones are sky high. Company formation in Dubai could be aided by taking help of professional services providers that could properly guide entrepreneurs and foreign businesses to set up their ventures in Dubai effectively. Global Integrated Services, that operates in Dubai, UAE is an example of one of the corporate solution provider that aids in business set ups in the free zones.