People are now highly interested in freezone business setup in UAE. They are now highly preferred by foreign investors, entrepreneurs, and business owners when doing business in the UAE. Free zones offer access to valuable residency and visa rights. They have streamlined procedures, 100% foreign ownership, and no corporate tax in most jurisdictions.
1. Residency Rights and Business Ownership
One of the advantages of the freezone business setup in UAE is that foreign investors enjoy the advantage of 100% ownership of a firm without having a local sponsor. Apart from this, the investor may also obtain a UAE residence visa, which is renewed every 2-3 years, depending on the jurisdiction and type of visa.
This residence visa allows the business owner to live in the UAE, rent property, open bank accounts, and sponsor dependents.
2. Simplifying Employee and Family Sponsorship
One of the most attractive advantages of business setup in Dubai free zone or any other freezone is that the individual can sponsor workers and relatives. Free zones otherwise provide investor or partner visas, enabling the businessman to sponsor their spouse, children, and domestic helpers.
Free zone companies can also sponsor additional work visas based on their office area and license, making it simpler for you to expand and maintain your employees in-country.
3. Long-Term Stability with Little Bureaucracy
The business-friendly environment is strongest in free zones. With a simple renewal and visa application procedure, free zones generally possess in-house immigration facilities, and you do not have to approach the regular UAE immigration system.
After registering your company, getting an investor visa is easy. All free zone visas are issued for 2 or 3 years and must be renewed. With the new introduction of long-term visas (5—and 10-year Golden Visas), entrepreneurs can purchase these based on the size of their investment and economic impact.
4. Affordable and Clear Visa Plans
In contrast to establishing in the mainland, where visas tend to be tied to office size and location, free zones provide simple visa packages according to business license and office solution. For instance, the flexi-desk license can have 2-3 visas, while larger offices can sponsor more employees.
5. Integration into the UAE financial and property system
A residence visa procured from a free zone entity allows one to open bank accounts, access credit, sign tenancy agreements, and acquire property in approved areas. This proves useful to expats intending to use the UAE as a future business location or home.
Wrapping Up
If you desire a hassle-free way of setting up business and life in the UAE, completing business setup in Dubai free zone should be on your to-do list. With proper guidance from experienced professionals such as DhanGuard and a choice of the zone, you will open doors to opportunities and become a resident in dynamic Dubai!
