What are the advantages of setting up a company in a free zone in the UAE?

The decision to set up a company in one of the Free Zones in the United Arab Emirates (UAE), particularly in Dubai, brings with it a number of significant advantages. Some of the outstanding advantages include:

- 100% foreign ownership: unlike other forms of business in the UAE, Free Zones allow foreign investors to hold full ownership rights to their companies without the need for a local sponsor. This promotes the autonomy and control of foreign entrepreneurs over their businesses.

- Tax incentives: Companies in Free Zones benefit from significant tax advantages, including exemptions from corporate tax, income tax and VAT. These incentives are designed to encourage investment and support economic development.

- Low bureaucracy: The process of setting up a company in a Free Zone is characterised by a streamlined, efficient administration that enables entrepreneurs to start their business activities quickly and with minimal bureaucratic hurdles.

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