Sunday, July 22, 2018

Comparison of Free Zone and Non Free Zone Business in UAE

People have a question about the free zone business and Nonfree zones business regarding the company formation and registration. Check out the comparison on free zone and Non-free zone businesses in Dubai. Socprollect Business consultants are one of the leading Company Formation in Dubai - Sharjah - UAE. Contact for more updates and details regarding company registration. Free Zones business setup: Business entities acquire a free zone license after registering legally and have the advantage of complete ownership and repatriation. It is the cheapest and easier company formation compared to others. Business formations can recruit employees for their further visa processing in free zones.

The company infrastructure can be modified and developed with the help pf free zone authority with no income and corporate tax. Non-Free zone business setup: If you are going for a Nonfree zone business operation, you can make use of the license of the company anywhere in UAE for setting up your office. The difference between business license in the non-free zone and the free zone is that the license usage of the license is restricted at a particular area in free zone business and can be used anywhere in the non-free zone. The local sponsor has the ownership rights of about 51 percentage of the business in the free zone. There are certain advantages of the UAE free zones business setup that offers 100 percent foreign company ownership and 100% repatriation of capital and profits. It is exempted from all import and export duties and has no corporate tax or dividend tax.


Resources

https://socprollect201375222.wordpress.com/2018/06/21/company-formation-in-uae/ https://dubai.storeboard.com/blogs/business/documents-needed-for-a-startup/924004

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