Abu Dhabi: advantages and benefits of starting a business in the free zones

The UAE is a federation of 7 emirates which includes Dubai, Abu Dhabi, Sharjah, Ras al.Khaimah, Ajman, Fujairah and Umm al Quwain. The Emirates represent the icon of unbridled luxury, which is the sign of a flourishing economy and continuously developing.

For this reason, many enterprisers and business people decide to invest their own capitals in the UAE.

Each Emirate has its own specifics and offers its unique economic features for business, since it offers the opportunity to set up a business without paying taxes on the profit.

Setting up an enterprise in Abu Dhabi is an excellent solution for long term international trading, which is highly regulated and respected.

Abu Dhabi is the capital of the UAE and is also the name of its own emirate. It is considered the richest city in the world being full of oilfields almost spread out in all its territory. It is the wealthiest emirate of the UAE in terms of Gross Domestic Product (GDP) and per capita income. More than $1 trillion is invested worldwide in this city alone.

To start a business in Abu Dhabi, you need at first to obtain a trading license and get acquainted with the regulations in force, the ongoing commitments and the restrictions, in order to take the right decision for the enterprise. You need to analyze the sector in which you want to invest and verify if the capitals needed are enough to open your enterprise.

Upon this financial evaluation you may try this business experience which may produce a turning point to your activity.

Transaction security in Abu Dhabi is guaranteed 100%.

Free Zones in  Abu Dhabi are isolated lands or setting, with a special tax, customs and imports regime and governed by their own framework of regulations.

Free zones have been established  in order to attract business – foreign investors and entrepreneurs. These free trade zones became one of the key factors of the development of the international business in Abu Dhabi and  UAE and great incentive for the moving of the various large and medium sized international companies into the country.

The Free trade zones in Abu Dhabi are exempted from:

  • 100% foreign ownership of the enterprise
  • 100% import and export tax exemptions
  • 100% repatriation of capital and profits
  • Corporate tax exemptions for up to 50 years
  • No personal income taxes
  • Assistance with labor recruitment, and additional support services, such as sponsorship and housing
  • Simplified financial reporting system – no need to carry out annual audit or the simplified reporting.

abu dhabi global market: financial free zone

 

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