- Establishing a business in the freezone allows 100 per cent foreign national ownership and there is no need of a local sponsor or local service agent.
- Waiver of corporate taxes (time-bound and renewable for further periods)
- Freezone companies are exempted from personal taxes and import & export taxes. Import- Export duty of 5% on the invoice is payable if you want the goods to be taken out from the free zone. If the goods are re-exported from the Free Zone, then no duty needs to be paid.
- Freezone companies can have 100 per cent repatriation of revenue and profits.
- Foreign investors can benefit from freezone company registration and the documentation needed to form a company in the freezone is significantly less.
- For investors, setting up a company in freezone is highly advantageous as freezones provide long-term leasing options (up to 25 years)
- Legal, housing, immigration, labour and other facilities are easily available for companies established in the freezones
- Company incorporation is much easier and swift when compared with companies outside the free zones
- 100 per cent free transfer of funds