Setting up your business in the UAE starts with NHBC
Retain 100% ownership of your business without the need of a local partner and enjoy tax-free income and benefits.
There’s no doubt a lot of information to review and much to consider when making the decision on which free zone is best suited to your specific business requirements, including location, price, business type, flexi-desk or office options, auditing and bookkeeping and share capital requirements. That’s where the NHBC team comes in, walking you through it step-by-step, steering you in the right direction, saving you money, and ultimately making the entire experience a stress-free one.
The main advantage offered by the UAE free zones is that foreign investors can retain 100% ownership of their businesses without the need for a local partner. Outside of free zones, non-UAE residents are not allowed a majority stake in the business if that business requires a commercial or industrial license, and must therefore set up with a local partner. Other financial incentives of the UAE free zones include a 0% corporate and income tax rate, no customs duties levied on imports and exports, and the option to repatriate 100% of the profits from the business.
Another factor which can present fantastic opportunities to free zone companies is that many of the UAE free zones are sector specific. This gives its entrepreneurs ready access to a hub of knowledge and expertise from others within their field.
Advantages of Business Setup in UAE Free Zones:
- 100% foreign ownership
- No corporate tax, no income tax, no wealth tax, no capital gains tax
- No local sponsor required
- UAE residency visa allowed (facilitates banking)
- Hold multi-currency bank accounts
No foreign currency restrictions (*subject to bank approval)
- 100% repatriation of profits, revenue and capital are allowed
- Low setup costs
- Possibility of hiring employees on UAE residency visas
- Company can own real estate properties
UAE is home to a wide range of Free Zones, and one has the advantage of choosing the best location that meets specific business requirements of clients. Thousands of companies from diverse sectors that include major multinationals and start-ups have established their base in UAE Free Zones. NHBC assists clients in finding the right Free Zone, location, securing the right trade license and sorting out all legal procedures. We offer company incorporation services in all Free Zones depending on the client’s needs.
- 100% Foreign Ownership
- 0% Corporate Tax
- 0% Income Tax
- 100% repatriation of capital and profits