Are free zones cheaper for business setup in Dubai?
Key Takeaways:
- Free zones often present lower initial setup costs, primarily due to flexible office options like flexi-desks or virtual offices.
- They provide significant tax advantages, including 0% corporate tax on “qualifying income” and no personal income tax.
- Customs duty exemptions on imports and exports within the free zone can reduce operational costs for trading companies.
- The streamlined setup process and fewer bureaucratic hurdles in free zones can save time and associated expenses.
- While initial costs might be lower, the overall cost-effectiveness depends heavily on your business activity and target market.
When contemplating a Business setup in Dubai, a common question that arises is whether free zones offer a more economical path compared to mainland companies. The answer is often nuanced, but generally, free zones tend to be more cost-effective, especially for certain types of businesses. This perceived affordability stems from a combination of lower initial setup fees, flexible …
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