Six Reasons to Start A Business in a Free Zone in Dubai

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Six Reasons to Start A Business in a Free Zone in Dubai

flybiz By  July 2, 2022 0 81
There are some 45 free zones in the United Arab Emirates, out of which 30 of them are in Dubai. There is a dedicated free zone for just about every business activity. For example, the Dubai International Financial Centre, which is a free zone, is home to the NASDAQ Dubai stock exchange. This makes it attractive to companies that operate in the financial services sector to be located here. Large companies are also located in free zones – Microsoft has its office at the Dubai Internet City, which is another free zone.

If you need a warehouse, there is always one to be had in a free zone. There are warehouses of varying sizes that you could choose from. If your business does so well that you need a bigger warehouse, you can easily move into one at the free zone, without the hassle of hunting for one. You could shift your office to beside your warehouse, so that you are located closer to your operations – all without changing your address. You can even move into a smaller warehouse if and when you outsource some of your operations.

Companies located on mainland also have to see to it that 10% of their workforce comprises of Emiratis, which is the term used to refer to citizens of the United Arab Emirates. This rule, known as Emiratization, came into effect in September 2021, and companies in the private sector have five years to comply. For the first year, they have to see to it that 2% of their skilled workforce comprises of Emiratis. Companies located in free zones are exempt from this Labour Law requirement, and they can hire the staff of their choice.

There are also no short-term or long-term capital gains taxes in the United Arab Emirates, nor is there any tax on personal income.

At FlyBiz, we have years of experience with business setup in Dubai and the rest of the United Arab Emirates. Our team speaks multiple languages and come from a variety of backgrounds that include Business Consulting, Tax Advisory, Legal, and Corporate Finance. We have been of assistance to clients from 100 countries around the world and have a 98% client satisfaction rate so far. For more details on how you can open your company in a free zone, please call 055 113 4789 or email info@flybiz.ae