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Located along the coast of the Arabian Gulf, Dubai was earlier renowned largely for its oil industry, but the scenario has changed in the last 2 decades. Dubai is now a global city and a popular business hub at par with western nations, due to its diverse business model that drives the economy in the region. In order to attract foreign investment and empower the economy, free zones have been setup in Dubai, that reward foreign nationals with lucrative incentives for setting up their business in the Emirates.
The Free Zone Authority in Dubai is the government organization that handles registration formalities and issues business licenses to non-resident companies or foreign-owned businesses for company formation in Dubai free zones. Business setup in Dubai free zone brings a sea of opportunities for networking, collaborating and extensive growth in the business. The appealing tax regime and many incentives offered by the free zone authorities make Dubai the most preferred nation by an investor for company formation.
Free zones are the most favourable locations for business setup equipped with state-of-the-art infrastructure, duty and tax exemptions, world-class business amenities, flexible government policies, and unmatched facilities.
These are not the only factors that drive Dubai free zone company formation; there are many more benefits of forming a company in Dubai, like:
Dubai has more than 20 free zones offering a wide range of activities for company formation: