Hey, entrepreneurs! Dreaming to set up a workspace in the heart of the world’s largest and fastest emerging markets? Here we present an ideal location. Yes, it’s about embarking your business in the free zones of the Emirates. With 0% duty charges for exports/re-exports, free zones give you the opportunity to trade at a literally low or no tax and customs rates. It comes along with other multiple benefits.
The minimal or no tax regime is the biggest attraction of a free zone. Apart from 0% corporate and personal tax, setting business in free zone exempts you from VAT, which is up to 5% currently.
For international entrepreneurs wanting to build their business in UAE, it is mandatory to partner with the local citizens to do the business. Whilst setting up a business in a free zone does not need any local partnership.
All companies inside the Ajman free zone are exempted from the duty charges. A 100% exemption from duty is applicable for exports to non-GCC countries.