If there is a major upper hand that UAE free zones have over mainland, it’s the fact that no local sponsor is required to start a business. That means there is no splitting of 51% shares hence 100% foreign ownership is allowed. The government of UAE has set up multiple free zones across the country so business can take advantage of tax-free statuses and low trade barriers where you can manufacture, import, export and produce goods without paying any customs duty.
Free zones are usually located next to airports, sea ports and national borders to maximize ease of trading. Check out this list of free zones to see which one best suits your business.
Why set up a business in UAE Free zone?
Free zones provide many benefits for investors. It is completely under the possession of foreign investors. There is also a chief benefit in a free zone: 100% repatriation of capital and profit. It is utterly free from all taxes. There is no restriction on transferring funds. It is also under the law of free zone authorities. There are meager freight charges.