Wings 9 Management & Consultancies
About Free Zones:
Free Zones are economic areas where one can carry out trade at preferential tax and customs rates. Free Zones were originally formed to boost international business in the region by offering benefits such as 100% foreign company ownership.
The UAE has over 50 free zones with some offering generic activities for all industries, whereas others are industry-specific.
Advantages:
100% Ownership
No NOC (No Objection Certificate) is required from the current employer
No paid-up share capital required
Option to incorporate a company under common law
Physical office space not mandatory
0% corporate and income tax
Option to incorporate remotely
Flexibility to incorporate in jurisdictions where employee health insurance is not mandatory
