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Anonymous
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Anonymous
Asked: July 24, 20232023-07-24T13:06:12+00:00 2023-07-24T13:06:12+00:00In: Doing Business

Advantages of UAE free zones

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What are the advantages of free zones? Does UAE have free zones for business?

advantages of free zonesfree zonesfree zones for businessuae free zones
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  1. Bella
    Bella Pundit
    2023-08-01T07:54:59+00:00Added an answer on August 1, 2023 at 7:54 am

    Free zones allow you as a foreign investor to run your business overseas. These are some of the advantages of free zones;

    • Inexpensive; They don’t need much paperwork and starting a business is easy and fast.
    • Reduced or removed charges; Free zones are exempted from a particular country’s customs requirements. Thus, you end up paying little to no duty charges as an investor.
    • Zero taxes on your company profits. This is a way of encouraging foreigners to invest in the global market without struggling with taxes.
    • Duty-free by-products; Most free zones exempt manufacturers from paying duty charges for the by-products of their processes.

    Thankfully, you can take advantage of free zones in the UAE for your business.

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