The United Arab Emirates has launched a new free zone that promises to revolutionize business setup and operations. This innovative free zone aims to attract global businesses and entrepreneurs by offering streamlined processes, minimal bureaucracy, and a host of incentives.
One of the standout features of this new free zone is its lightning-fast licensing and visa processing. Businesses can now obtain a license within a mere 15 minutes and secure visas for their employees within 48 hours. This expedited process is designed to facilitate a seamless entry into the UAE market.
In terms of activities, the new free zone offers a wide range of business licenses, covering almost all sectors permitted under UAE law. This flexibility allows businesses to operate in various industries, from technology and finance to logistics and trade.
The free zone also offers a host of benefits, including:
- 100% Foreign Ownership: Businesses can be wholly owned by foreign investors.
- Tax-Free Operations: Enjoy tax-free income and profits.
- Simplified Regulations: Streamlined procedures and minimal bureaucracy.
- World-Class Infrastructure: Access to state-of-the-art infrastructure and logistics facilities.
- Strategic Location: Benefit from the UAE’s strategic location as a global trade hub.
By providing a conducive business environment and offering a wide range of incentives, the new free zone aims to attract international businesses and contribute to the UAE’s economic diversification.