5 Advantages of Establishing a Company in the Dubai Free Zone Establishing a company in the Dubai Free Zone is an attractive option for many investors due to the competitive advantages these areas provide that enhance the chances of success and growth. The free zones in Dubai provide a distinguished business environment that offers a range of benefits that contribute to achieving business goals efficiently and effectively. These areas are characterized by providing unique facilities and offering commercial incentives that encourage investment and growth. Cooperating with Itqan Company in this context provides additional support characterized by professionalism and experience, making the establishment process smoother and more effective.

One of the main advantages that makes setting up a company in a free zone a preferred option is the complete tax exemptions, where companies can benefit from not paying taxes on profits or income, which helps to increase financial returns. Also, free zones provide 100% company ownership to foreign investors, which means that there is no need for a local partner, which enhances complete control over the business.

In addition, companies benefit from exemption from customs duties on imports and exports, which reduces operating costs and enhances competitiveness. Free zones also provide a flexible business environment with fast and simplified registration procedures, allowing companies to start their operations in less time. Finally, free zones provide advanced infrastructure and advanced logistics facilities that support growth and expansion, making them an ideal environment for companies seeking to achieve success both locally and internationally.

Your cooperation with Itqan Company enhances your ability to take maximum advantage of these advantages, as the company contributes to providing specialized consultations and effective support at every stage of establishment.

Tax exemptions available in Dubai free zones

Setting up a company in a free zone is a preferred destination for many companies and investors due to the competitive advantages it offers, including customs exemptions. These exemptions play an important role in reducing operating costs and enhancing the competitiveness of companies locally and internationally. Customs exemptions in free zones provide a range of benefits that contribute to facilitating trade and providing significant support to businesses, which enhances the attractiveness of investing in these areas. Benefits related to customs exemptions in free zones

• Reducing operating costs: Customs exemptions contribute significantly to reducing costs associated with imports and exports. Companies operating in free zones do not need to pay customs duties on the goods they import or export, which reduces expenses and increases overall profits.
• Improving competitiveness: By eliminating customs duties, companies are able to offer more competitive prices in the markets. This enables them to improve their position in the market and increase their ability to compete with other companies, both locally and internationally.
• Encouraging expansion and growth: Saving on customs costs provides investors with more financial resources that can be reinvested in business expansion and development. This encourages companies to explore new markets and grow their business faster.
• Stimulating international trade: Customs exemptions make it easier for companies to export and import goods, which increases the volume of international trade and contributes to building strong business relationships with international partners.
• Simplified customs procedures: In free zones, companies enjoy simplified and fast customs procedures, which reduces the bureaucracy and time spent on customs transactions. This allows for greater flexibility and contributes to improving the operational efficiency of companies.

Customs exemptions are one of the prominent benefits offered by Dubai free zones, and are an essential part of the favorable business environment that these zones provide to investors.

Benefits of customs exemptions in free zones

Dubai’s free zones are among the most prominent investment destinations that offer an attractive business environment for investors, thanks to a set of incentives that contribute to achieving success and growth. Among these incentives, tax exemptions are one of the main elements that make establishing companies in these zones a preferred choice. Dubai’s free zones provide tax facilities that attract investors from all over the world, which enhances the attractiveness of the market and encourages investment and business expansion. Tax exemptions available in Dubai’s free zones

• Full tax exemption on profits: Companies established in Dubai free zones benefit from a full tax exemption on the profits they make. This means that companies do not pay taxes on income or profits, which increases financial returns and enhances profitability.
• VAT Exemption: In some free zones, companies can benefit from partial or full VAT exemptions, reducing costs associated with purchases and services.
• No personal income tax: Investors and employees in the free zones enjoy exemption from personal income taxes, which enhances the attractiveness of working in these zones and encourages the attraction of global talent.
• Securing Continuity of Tax Exemptions: Dubai’s free zones offer tax exemption guarantees over a long period of up to 50 years, providing tax stability and enhancing investor confidence in the business environment.
• Facilitation of licensing and registration: In addition to tax exemptions, free zones provide facilitation of registration and licensing procedures, which helps companies start their business quickly and easily.

Tax exemptions in Dubai’s free zones help create a business-friendly environment for investors, enhancing growth opportunities and encouraging expansion. These incentives, along with other benefits such as advanced infrastructure and simplified procedures, make Dubai’s free zones a preferred destination for business and investment.

Our company’s role in establishing a company in the free zone

Establishing a company in the Dubai Free Zone offers a range of strategic advantages that contribute to enhancing the chances of success and growth in a developed and prosperous business environment. By taking advantage of full tax exemptions, investors gain a significant financial advantage by not paying taxes on profits, which contributes to increasing financial returns and improving economic performance. Moreover, the 100% foreign ownership system in the free zones provides an important advantage, as investors can maintain full control over their companies without the need for a local partner, which enhances their independence and ability to make strategic decisions freely.

Exemptions from customs duties are also a significant advantage, as they help reduce operational costs for companies by saving money that would otherwise be spent on import and export duties. This enhances companies’ competitiveness and gives them an added advantage in global markets. In addition, free zones provide a flexible and fast business environment, as company registration procedures are simplified and efficient, reducing the time it takes to start a business.

Finally, Dubai ’s free zones offer advanced infrastructure and logistical facilities that support growth and expansion, making them an ideal environment for companies aiming to expand and develop. In collaboration with Itqan, investors can benefit from specialized expertise and consultancy to ensure that they make the most of these advantages, which contributes to establishing successful and thriving businesses in Dubai.

Frequently asked questions about establishing a company in the free zone