Also in the news...
Brilliant Borders: Kenya's Customs goes digital
A new app will save time and money for big businesses and small traders alike, as a longstanding Kenya-UK partnership further improves cross-border trade.
Yorkshire family brewery taps into new export opportunities with Government guarantee
UKEF support helps Wold Top brewery to expand its exports into new markets.
Bond Support Scheme
Find out about the Bond Support Scheme - how it works, its benefits and how to apply.
UK and African business leaders arrive in Togo to create trade and investment deals
The event brings together delegations from ten African nations alongside leading UK companies and investors to advance partnerships that promote economic growth and jobs.
Countering sanctions evasion: guidance for freight and shipping
For freight forwarders, carriers, hauliers, customs intermediaries, postal and express operators, and other companies facilitating the movement of goods.
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