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Free Zone Areas are special trade areas in the UAE, with regulations and tax settings that differ from the rest of the UAE. Each free zone is designed for specific industries and only companies that fall under these categories can set up business in these Free Zones. Unlike companies in the rest of the UAE, Free Zone companies can be 100% owned by a private individual, with no restrictions regarding Expat recruitment. Free Zone Entities can be of 6 types, namely -Limited Liability Company (FZ-LLC), -Establishment (FZE), -Branch (FZB), -Limited Liability Company (LLC), -Individual Establishment (IE), and -Local Branch (LB) Special Privileges - FTZs get certain regulatory, tax and tariff incentives to attract export companies. Some of these privileges include: -Customs Duty Exemption, -Export and Import Tax Exemption, -VAT Exemption Visit yellowpages-uae.com to Contact Free Zone Business Setup Consultants in UAE
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Establishing a business venture in one of the UAE free zones is an attractive option for foreign investors looking to tap into the huge potentials and excellent business environment offered by the Dubai Business Services. http://www.dubaibusinessservices.com/freezones/
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If you are planning to setup business in DAFZA then you have to be aware of some legal facts and procedures about UAE company formation. There are different legal rules and regulations involved in business setup for each free zone.
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