If you want to have 100 per cent ownership of your company,
regardless of type of business, you need to opt for
a license and location in one of the many free zones
of UAE.
They are designed to encourage foreign investment
with easier start-up processes, labour and immigration
procedures, 100 per cent ownership for all nationalities
and other legal services. Each free zone has its own
authority and its own rules, which are applicable
to investors looking to set up firm in those zones.
Advantages
1. Allows 100 per cent foreign national ownership
of firm with no requirement of local sponsor or local
service agent.
2. Waiver of corporate taxes (time-bound and renewable
for further periods).
3. Exemption from personal taxes as well as import
and export taxes.
4. 100 per cent repatriation of revenue and profits.
5. Documentation is less and more suited to foreign
investors.
6. Long-term leasing options (up to 25 years) available
at great terms to investors.
7. Recruitment and workforce processes are simplified,
faster and cheaper.
8. Easy availability of legal, housing, immigration,
labour and other facilities.
9. Incorporation is faster than when done outside
free zones
10. 100 per cent free transfer of funds
–Gulf News- http://gulfnews.com
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