Ideal for new business startups in Jebel Ali Free zone

If location is a vital element of successful international trading, then the setting up or expansion of a business into the United Arab Emirates (UAE) is surely the best of moves, especially if your customers and clients lie both to the east and west – think Asian and European markets, with you and your business placed smack in the middle!

There are many great benefits of Business Set-Up in  UAE  Free Zone. However, you cannot set up a business within the local market without partnering with a UAE national. And even if you do so, i.e. in association with a UAE national, you as a foreigner will only ever be allowed to own up to 49% of the business. That’s the way UAE law operates. There’s nothing you can do about it.

Company Formation in Jebel Ali Free Zone is a whole different ball game, with each aimed at a particular business sector. There are dozens of them spread across the seven emirates which make up the UAE. For informational purposes, the seven UAE emirates are Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain. The capital of the UAE is Abu Dhabi city, which is located within the Emirate of Abu Dhabi (the emirate’s official name).

Free zone benefits are eye-catching to say the least. Personal or corporate income is not subject to taxation in the UAE. However, bear in mind that Dubai, for example, charges a municipal tax on property rentals. A number of free zones are aimed at encouraging investment, with all offering complete tax free incentives of anything up to fifty years. Other free zone benefits include no foreign exchange controls and no trade barriers or quotas; competitive import duties (4% with many exemptions); competitive energy and real estate costs; and competitive financing costs and high levels of liquidity. Sounds more and more like the ideal place to do business!

And there’s more. Maybe you want to get a business up and running quickly, perhaps within days as opposed to weeks and months, but without the headache usually associated with red tape, regulation and paperwork – even when all of that bureaucracy has been cut down literally to the bare bones, as is the case within the UAE. Then leave everything in the hands of a professional company filled with experts who know the UAE business scene inside out. It’ll cost, of course, but you won’t have the headache.

Article Sources: http://www.triplepundit.com/podium/uae-free-zones-ideal-location-new-business-start-ups/