Free zone company formation is a unique opportunity that has emerged as one of the best business opportunities available in the Middle East. The International Freezone Authority is a government organization that has come up to address the needs of businesses in the region. The free zone as an entity has come up after extensive research and planning to offer the freezone business to all people who are looking for an opportunity to make quick profits in their ventures. With the advent of internet technology and globalization, traditional business concepts have started to fall apart in the Middle East. Unlike LLC company formation in Dubai, many large corporations and even small local businesses have benefitted from the benefits that the freezone can offer.
Ideal place for foreign investors:
Setting up Dubai freezone company formation is the ideal platform for a foreign investment to come and invest in the emirates. The reasons for the popularity of these freeze zones are numerous. For a free zone business, you get access to several attractive benefits which other investments in the region do not offer. These benefits include better investment returns, lesser costs of capital, exemption from various local taxes, and easy legal procedures.
You can create separate entities:
The main advantage of free zone formation of companies in the free zone includes the creation of separate business entities. Setting up company formation requires an offshore bank account for the purpose. It is important to note that to open in Dubai; you need to meet certain requirements.
Enjoy 100% ownership:
There are several benefits of setting up a free zone company and one of them is the right to enjoy complete foreign ownership. The main reason why a free zone company formation allows you to enjoy complete foreign ownership is that most of the countries which attract investors have free-trade zones where foreigners can invest. With the help of a free zone company, you will be able to enjoy foreign ownership without having to undergo the hassles that usually come along when you are planning to get a residence visa.
Another benefit of a free zone company formation in the UAE allows you to enjoy the benefits of capital formation. Capital formation is important in any country because it allows you to take control of your money and invest it in different assets. For instance, if you have a free zone company registered in the UAE, you have tax relaxation from Government.