Business Benefits Freezone and LLC

Business Benefits Freezone and LLC

November 18, 2015
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Company Setup in Dubai (FreeZone benefits and LLC benefits)

Dubai has become one of the most prestigious places for business start-ups for many entrepreneurs from all around the world due to its remarkable growth and development. For Firms or individuals looking to set up their company in Dubai, they have the options of either registering as a Dubai Limited Liability Company that has the ability to operate anywhere in the UAE or registering their company in one of the many Free Zones located in Dubai.

Free Zones in the UAE provide investors with all the amenities, facilities and communicational infrastructures needed to help facilitate them with starting up their businesses. They also offer several benefits to foreign companies and are currently recognised as one of the best ways to setup an office in Dubai. one of the main advantages that Free zones offer are the ability for individuals to have 100% ownership of their own business without the need for local sponsorship or any form of staff recruitment necessities. Exports don’t charge companies with any form of tax and imported raw material or equipment is exempt from customs duty.

Other benefits include:

  • 100% exemptions on import and export tax
  • No corporate taxes
  • Personal Income tax exemption
  • Excellent support services in regards to staff visas, housing and facilities
  • No personal income or capital gain taxes
  • 100% repatriation of capital and profits
  • Modern efficient communications
  • Liberal labor laws and no recruitment problems
  • Attractive working environment
  • No currency restrictions

 

dubai company setup llc

Limited Liability Companies (LLC) are one of the most common and easiest forms of business to establish in Dubai. It can be formed by a minimum of two and a maximum of 50 shareholders who have limited liability to their shares in the company’s capital. It is a flexible type of enterprise that integrates the features of a partnership and corporate organization. A LLC must have a partnership with a UAE national who will have 51% shareholding in the company and expatriates of the local business with have 49% of legal ownership of the company. However, the expatriates will have the option to choose the UAE sponsor that they want to go into partnership with.

The benefits of establishing LLC in the UAE are :

  • 100% tax free
  • The profits and losses can be shared in a ratio different from shared capital
  • 100% repatriation of profits and capital
  • Investor becomes partner in the company
  • Liberal bank account opening and maintaining
  • Easy to open global corporate bank accounts
  • The investor can start opening branches
  • The company is able to have unlimited offices or properties in UAE
  • LLC offers UAE residence visa to the investors
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About

Peninsula Business Solutions (PBS) Ltd was established in the UK in 2004 and licensed by the UK OFT (Office of Fair Trading) to provide Consumer Credit Services. We are regulated by the OFT and follow the strict guidelines provided by the UK FSA (Financial Services Authority). In 2007 PBS established a branch in the UAE which provided us international presence and the ability to expand and diversify our services along with our International network and affiliations. We specialise in providing high end professional consultancy on Company Registration in Dubai, company setup services across the UAE and Debt Recovery Services