One of the benefits of the Dubai free zone company setup is operating without any local sponsorship. This means that you can use any currency and hire foreign professionals in the UAE. In addition, the establishment process is simple, making it a perfect option for small business owners. Here are some of the advantages of setting up a business in a Dubai-free zone.
Offer a low-cost setting for your business:
First, free zones offer a low-cost setting for your business. All free zones have virtual offices, which can be ideal for SMEs that don’t need physical office space and seek to license. The second benefit is that your company can be 100 percent foreign-owned, unlike onshore. Even onshore companies, this is the case, which must have 51% Emirati ownership.
The government provides full support for the business:
Another advantage is that the government provides full support for the business. This includes visa assistance, business advisory services, and access to growth initiatives and startup hubs. The authorities of a free zone ensure that your business is a success. They are committed to providing a comfortable environment for business owners to operate. This is particularly beneficial to new businesses that are just starting.
You can operate your company in a foreign currency:
There are various benefits to setting up a business in a free zone. For one thing, you can operate your company in a foreign currency. There are no limitations or requirements on currency exchange, and you can be 100 percent foreign-owned. The other great benefit is that it is possible to register your business in a free zone without any local partner or sponsor.
They have more flexible requirements:
In addition, free zones are a reliable place to do business. For example, they have more flexible requirements. The minimum requirement for establishing a business in a free zone is usually 200 square feet. In addition, companies can apply for more visas against their office space. For example, if they hire a foreign workforce, they will need to show that they are registered in a free zone.
You can easily repatriate your assets and money to any country:
Another benefit of setting up a business in a free zone is that you can easily repatriate your assets and money to any country you choose. You can also get the best deal if you set up a business in a UAE-free zone.