The UAE has been excelling economically over the last few decades and the lion’s share of the credit goes to free zones! Free zones are the strongest pillars of UAE’s economy, that generate billions of jobs and helps in boosting foreign investment. They help spur economic diversification and contribute significantly to the non-oil sector.
Entrepreneurs with a vested interest in creating globally acclaimed business organizations have been increasingly investing and establishing offshore companies in the free trade zones in Dubai. The investor and industry friendly economy of Dubai are the primary reasons for the increasing foreign investment in this region. The management of a reputed business consultancy firm, which has been helping companies set up establishments, like branch offices and manufacturing units in Dubai, mention that investors prefer to set up offices in the free trade zones in Dubai.
Experts of several renowned business consultancy firms who helping investors to set up businesses in Dubai, mention that entrepreneurs prefer setting up their offshore companies in the free trade zones in Dubai. The primary reason behind this is that companies located within free trade zones offers the benefit of 100% ownership to foreign investors, unlike a Limited Liability Company (LLC).
In LLC formation, the major shareholder should be a UAE national with 51% of shares. Company owners looking to expand their business and having a global presence choose Dubai because this city is conducive to the growth and development of business.