Free Zone Companies
Free Zone entities may trade, import/export with entities within the free zone or outside UAE. Free zone entities may buy from UAE, but in case they need to sell goods to the main land of UAE they have to employ the services of a distributor or agent in the mainland.
Each free zone is managed by separate Independent Free Zone Authority, and these authorities are responsible for issuing business permits and licenses, employee visa and regulating the business requirements. Each free zone has their own independent rules and regulations. There are more than 20 free zones in UAE.
Benefits of UAE Free Zones
- 100% Foreign ownership
- 100% Repatriation of capital and profits
- No Corporate taxes
- No Personal income taxes
- Exemption from Customs duties
- No Foreign currency restrictions
- No Labour restrictions
- Residency visas are allowed
- Can have flexible offices or can rent or own offices
- Shared services and synergies with other companies
- State of the art infrastructure