How Many Free Zones in Dubai and Why Open a Free Zone Company?
Dubai is home to some of the world’s finest business zones, providing a sound economic landscape for entrepreneurs to venture in and start a robust company formation in Dubai. Lucrative incorporations laws, tax privileges and numerous specialized zones have made Dubai into business setup powerhouse for all types of company structures. Free Zone LLC is one of the most sought out company structure which allows a foreign investor to own 100% shares of the business. Unlike mainland companies, which are obligated by UAE law to partner with an Emirati national, free zone companies are not required to surrender 51% shares. Currently, Dubai is home to over 30 fully functioning free zones and has taken initiative to develop new free zones for other activities as well. This allows a major advantage in conducting business operations and gaining return as the foreign investor is able to start his company on his own name and entitled to all the company profits. Here are some of the key adva...
