The Tax Benefits in Dubai Free Trade Zones
Updated on Monday 11th September 2017
A tax haven like Dubai is extremely appreciated by foreign and local investors who successfully place their activities on the market, especially in the well-known free trade zones. Dubai International Financial Centre, Jebel Ali Free Zone, Dubai Internet City, Dubai Cars and Automotive City Free Zone, or Dubai Technology and Media Free Zone are among the most appreciated free zones of the Emirates, where investors can have 100% ownership of their business and no obligation of providing a minimum share capital in many of them. If you are interested in the tax benefits offered in Dubai’s free zones, we invite you to ask for information from our accountants in Dubai.
Free trade zones in Dubai and the advantages for your business
With more than 40 free zones in the Emirates, and about 20 in Dubai, investors can focus on the activities they want to introduce on the market and can choose the free trade zone in accordance. Most companies from overseas direct their businesses in the technology, auto, tourism, or industrial free zones where there are plenty of benefits, such as:
• 100% ownership of the company;
• complete capital repatriation;
• 0% corporate tax;
• no currency restrictions;
• no personal income taxes;
• at least 15 years of corporate tax exemption period.
Besides the benefits mentioned above, foreign investors who register their companies in Dubai free zones can hire employees of any kind of nationality. We remind that our Dubai accountants can provide you with financial consulting for your company, whether it is a large or a small business, and can perform audits in Dubai, as required by the legislation in the Emirates.
Types of companies in Dubai’s free zones
To carry out all sorts of activities in the technology, financial, trade or manufacturing sectors, entrepreneurs can set up sole establishments, limited liability companies or branches of enterprises for abroad. Depending on the activities, a company registered in a free zone in Dubai must have a general trading license, a commercial, or a general license. It is good to know that there are no import and export taxes for companies which activate in the shipping sector in Dubai.
For any tax information or accounting services, we suggest you get in touch with our team of accountants in Dubai.