The free zone also referred to as the Free Trade Zone or Free Economic Zone, is a special area within the USA where certain business activities are exempt from certain taxes and regulations. Usually, the countries are established by the UAE government to attract foreign investment and encourage international trade. The following guide explores the facts about how a UAE freezone company setup can help your businesses while moving forward.
Tax Benefits
Operating in a free zone usually provides you with a zero-tax environment. Businesses in Freezones enjoy exemptions from personal income taxes, value-added taxes (VAT), and some relaxation on corporate tax. These tax advantages make Free Zones a wonderful choice for businesses looking to maximize their profits.
Customs and import/export Benefits
The free zones usually make importing and exporting goods a breeze with their streamlined customs procedures. This means businesses can enjoy three aspects cost savings, reduced administrative tasks, and being more efficient when it comes to international trade. The hassle-free customs procedures in freezes usually facilitate businesses to save time and money, ensuring seamless movement of goods across borders.
