Also in the news...
Foreign travel advice Indonesia
FCDO advises against all travel to parts of Indonesia.
Foreign travel advice Romania
Warnings and insurance Still current at: 24 April 2024 Updated: 23 April 2024 Latest update: Information related to drug offences and Romanian music festivals (under 'Laws and cultural differences' subheading on the 'Safety and security' page).
Foreign travel advice The Gambia
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).
Foreign travel advice China
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).
Guidance Living in South Korea
Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.
Which free zone is right for me?
5 steps to choosing the perfect free zone
The benefits of UAE free zones are well-known – from 100% ownership without a UAE sponsor, to exemption from personal income tax and capital gain tax, to 0% corporate tax. It’s a long list of incentives.
These may apply to all free zones, but each individual zone does offer specific benefits. And it’s these that need to be taken into account when choosing which one is right for your company setup.
So let’s look at 5 areas to consider when choosing your ideal free zone.
- Choose a business activity: This is a first key step since each free zone has different activities that it permits. Once you know your business activity, you can immediately narrow down your list.
- Decide on office requirements: You might start with a flexi desk option in a co-working space but who knows how your business may grow. Understanding the facilities the free zone offers (for future expansion) is an important factor in your initial choice.
- Calculate visa requirements: Each free zone will have different offers. The first step is for you to look at the number of visas you need for your employees, then compare to the free zone’s offer.
- Proximity to transport hubs: For some businesses being near a main road, an airport, a sea port is critical. For others, it’s less so. Thinking about your logistical requirements ahead of time will inform your free zone choice.
- Consider your budget: For each free zone there will be different fees for licenses, visas, registration and so on. These fees will play a key role in your decision once you have finalised your budget.
For more information, click here to request a call with a member of our team