United Arab Emirates (UAE) has been reforming its policies and attracting foreign investors to establish or expand their business in the country. The tax-free market is another factor that makes UAE a preferable destination to setup your business.
If you are ignorant about the fact that you can establish your company in Abu Dhabi without any involvement from a local partner, then let me tell you it is actually possible. Free Zone company formation in Abu Dhabi is one of the most opted forms of companies.
Free Zone Company
Before setting up your business here, you must first understand what the term “free zone” signifies. A free zone is basically a trade zone that is exempted from all the local government taxes. Each free zone is managed by a specific Independent Free Zone Authority which is accountable for issuing employee visa, business permits and licenses and regulating the business requirements. Also, each zone has its own sets of rules and regulations.
Free zone company formation will benefit you in the following ways:
1. The foreign investor will be the sole owner of the business. There is no need for the involvement of any local partner in the business.
2. Free zone company formation UAE means 100% repatriation of investments and profits. The foreign investor is free from customs duties, personal or corporate income taxes as well as import/export taxes.
3. Being the business owner, foreign investors can have access to multi-currency bank accounts. Moreover, this zone follows generous policies for bank account transactions.
For free zone company setup, foreign investors can seek help from one of the leading accounting and advisory organizations in UAE like HLB Hamt. This firm helps investors with strategic inputs and business plans. Besides, it helps in getting clearances and approvals from various departments of the Free Zone and also aids in the documentation process.
If you are ignorant about the fact that you can establish your company in Abu Dhabi without any involvement from a local partner, then let me tell you it is actually possible. Free Zone company formation in Abu Dhabi is one of the most opted forms of companies.
Free Zone Company
Before setting up your business here, you must first understand what the term “free zone” signifies. A free zone is basically a trade zone that is exempted from all the local government taxes. Each free zone is managed by a specific Independent Free Zone Authority which is accountable for issuing employee visa, business permits and licenses and regulating the business requirements. Also, each zone has its own sets of rules and regulations.
Free zone company formation will benefit you in the following ways:
1. The foreign investor will be the sole owner of the business. There is no need for the involvement of any local partner in the business.
2. Free zone company formation UAE means 100% repatriation of investments and profits. The foreign investor is free from customs duties, personal or corporate income taxes as well as import/export taxes.
3. Being the business owner, foreign investors can have access to multi-currency bank accounts. Moreover, this zone follows generous policies for bank account transactions.
For free zone company setup, foreign investors can seek help from one of the leading accounting and advisory organizations in UAE like HLB Hamt. This firm helps investors with strategic inputs and business plans. Besides, it helps in getting clearances and approvals from various departments of the Free Zone and also aids in the documentation process.
