Free Zone Incorporation

Free Zone Incorporation

It has been said that the motto of the Arab world could be “another day, another free zone” and undoubtedly, the last decade has seen a proliferations of free zone development in the regions. In essence, the concept of the free zone encompasses an area defined in geographical terms and subject to special rules of the host country will apply. Free zone normally will create an offshore status for operation within them, offering freedom from the customs duties, taxes, Exchange control, ownership and management restrictions, and effectively producing a legal environment that has proven to be attractive to both foreign and local investors.

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Free Zone incentives:

1

100% Foreign ownership

2

100% Exemption from corporate income tax

3

100% Exemption from income taxes for the owners and their employees.

4

100% Exemption from import and export duties

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100% Repatriation of capital and profits

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100% Free transfer of legitimate funds

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No local sponsor required

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One-stop shop for registration and government relations

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Easy and fast track setting up

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No restrictions on hiring of expatriate staff

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Gateway to the Middle East and Asia

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Extensive logistics network incorporating air, sea and road

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Safe and friendly working environment

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Availability of high quality and modern infrastructure

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Availability of land, prebuilt warehouses and hi tech executive offices

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On site accommodation for employees

There are number of free zones in United Arab Emirates, these are different in terms of the location, cost, and permitted activities and number of visa and available infrastructures. This is where QBS provides advisory services to its clients to help them choose the right Free Zone for their business and assist them in setting up their business operations in their chosen Free Zone.