what is meant by Free zone in UAE. what are the benifits if a company is opened in Free zone in UAE
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Free zone in uae
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Among numerous advantages for a foreign investor setting up his/her business in a UAE free zone there are:
- No personal income or capital gain taxes in the UAE
- 100% ownership of the business
- No corporate taxes for 50 years
- 100% repatriation of capital and profits
- Modern efficient communications
- No recruitment problems
- Attractive working environment
- No currency restrictions
- Excellent support services
There are various facilities available in the free zone areas which are favorable for running business operations:
- Land for lease provided for investor development
- Pre-built warehouse / factory / office accommodation units for lease
- Executive office suites in the International Business center for lease
- On-site accommodation for investor's personnel
- Transportation links by air, by sea and by road
- Abundant and inexpensive energy
- Favorable cost of living
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