FREE ZONES IN FUZAIRAH FOR EASY BUSINESS SET UP
UAE in recent times has emerged as a hub for establishing business in the free zones. With the environment and government policies favoring business in the free zones of the country, the process of setting up an organization is very easy and has tremendous viability. The policies that the government of the UAE has devised for the businesses are very friendly as there are tax relaxation and no capital repatriation restriction. The dynamic scenario which is congenial for any business to grow is offered at the free zones like Fuzairah free zone and creative city. The infrastructure is ably supported by several malls, and industries that generate tremendous business opportunities. Metro Rail, investor friendly policies and approach are some of the convincing reasons for establishing a business in the free zones of UAE and especially Fuzairah.
FUZAIRAH FREE ZONE
The business owners are exempted from paying both personal and corporate taxes once they set up their business in the Fuzairah free zone. They are also entitled to complete repatriation of the capital and the profits that you earn through the business. You also get easy clearance through single window clearance. There is a distinct landscape at Fuzairah and the climate is also quite congenial for setting up a business. The rates at Fuzairah free zone are reasonable and the facilities that you are offered here are quite impressive.
FUZAIRAH AIRPORT FREE ZONE
To open a business in the Fuzairah Airport free zone, you need to fill in the application form and get approval from department of civil aviation. The most lucrative feature of the Fuzairah Airport free zone is the tax exemption which is offered to the investors and business owners. Both personal and corporate tax exemption is provided to boost the business. Other features that are provided to the investors are complete foreign ownership, 100% capital repatriation and no restriction on the currency usage.
Creative city is another free zone at Fuzairah which offers various facilities and features to the foreign investors. It attracts the business investors who wish to open media and entertainment companies because, this is what creative city free zone excels in. There is a virtual desk provided to the business owners, which they can carry along the work area. Some of the privileges associated with the membership of the creative city free zone are the corporate and personal tax exemption, single window clearance, complete foreign ownership and repatriation of the capital and profit.
EASE OF OPENING A COMPANY AT FUZAIRAH FREE ZONES
There are hundreds of companies operating in Fuzairah free zones which are showing immense growth by leveraging the regulation and favorable government policies. The UAE has provided opportunities of rapid growth by offering a growth driven environment for the foreign investors. There are various advantages associated with opening a business at the free zones in Fuzairah which include tax exemption and categories of licenses. These free zones are divided into further zones which are designed for different domains of business.
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