UAE Free Zone Company Formations to Boost as UAE Tops World Customs Efficiency
The UAE has been awarded a top global ranking in the Efficiency of Customs Procedures Index of the annual report of the Global Competitiveness of 2017.
This is exciting news as it adds another positive ranking to the UAE’s excellent track record for business-friendliness.
The latest achievement means that many more entrepreneurs whose business activities involve imports, exports and customs clearance operations will wish to set up in locations with the most efficient customs procedures. This of course will lead to an increase in UAE Free Zone company formations.
The Efficiency of Customs Procedures Index measures the level of efficiency of customs authorities in 63 different countries. The results are based on a survey that was directed to many entrepreneurs and institutions with questions around the subject of shipping and more specifically about the services provided by the customs authorities in the countries. The rankings are based on the efficient management of resources and use 346 indices.
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The Benefits You will Enjoy with a UAE Free Zone Company Formation
A free zone is a designated area where standard trade practices and regulations like tariffs or trade barriers are exempted or lowered for the purpose of encouraging new businesses and investment, mainly from foreign investors.
Click Here to Read More on the Advantages of a UAE Free Zone Company Formation
The UAE’s Free Zones have many unique, exciting benefits that investors and entrepreneurs can enjoy with a UAE Free Zone company formation.
Here is a list of the many benefits:
- 100% foreign ownership without the need of a local sponsor
- 0% corporate tax
- 0% personal income tax and capital gains tax
- 100% repatriation of capital and profits from the business
- 100% free transfer of funds with no restrictions
- 100% exemption of import and export duties
- Access to markets via MENA and Asia regions
- Solid and transparent laws and regulations
- Low start-up and operating costs
- Simple and swift procedures for company formation and licensing with one-stop-shops for administrative and government related services
- UAE Free Zone company formation is much quicker that UAE non-Free Zone company formation
- World-class logistical infrastructure with access to air, ship, rail and road transport systems
- World-class communication and IT infrastructure
- Simple and quick recruitment procedures, low cost of workforce, access to many qualified professionals
- Liberal labour laws and regulations
- Long term lease options for all facilities like warehouses for storage, assembling and production
- Custom-made facilities such as warehouses, offices and factories
- Value-added business support services like sponsorship and visa services
- On-site housing facilities for staff
- Access to operations 24/7
- Unique, pleasant working environment
- Access to many facilities such as banks, malls, restaurants, schools etc
Click Here to Read the Advantages of Setting up a Company in the UAE
and
Click Here to Read the Lifestyle Advantages of the UAE
The FBS Kotsomitis Corporate Services Team provides a top quality service to clients to make UAE Free Zone company formation as simple and stress-free as possible. We have first-hand experience of what works in the UAE to ensure Your success and prosperity.
Need a UAE Free Zone company formation? ….. If the answer is YES – start the 5 step simple procedure described below….
5 Steps for Your UAE Free Zone Company Formation
We will guide you through the five steps involved in UAE Free Zone company formation – Just click on the links below for the 5 simple steps to set up your UAE Free Zone company:
Get in Touch With Us – 1st Step to set up and license your UAE Free Zone company
Select Your UAE Free Zone Company Type – 2nd Step:
Select your preferred company type and UAE Free Zone best suited to your needs. Select the professional services required from us to enable you to operate your company smoothly and efficiently.
Begin the UAE Free Zone Company Formation – 3rd Step:
UAE Free Zone company formation, licensing and Residence Visa issuance. Our corporate services team obtain and process all necessary documents and complete and submit all necessary applications, providing professional support from start to finish.
Open Corporate and Personal Bank Accounts – 4th Step:
Select the most suitable bank for your needs and open company and personal accounts. Our team can assist you in selecting the right bank and organizing the bank account opening process for you.
We provide corporate services of all types including legal, UAE tax and VAT services, accounting, auditing, PRO services, consulting and document clearing for the smooth operation of your UAE Free Zone company.
Let us Help You with Your UAE Free Zone Company Formation – Contact Us
Customs Excellence in the UAE
The latest achievement in Efficiency of Customs Procedures reflects the efforts of the UAE Government’s “National Strategy for Innovation” and its “UAE Vision 2021”.
The UAE has shown the whole world that it provides excellence in customs services where the latest state-of-the-art technologies are used to streamline services in many customs related activities.
The annual report is published by the Global Competitiveness Center which is part of the International Institute for Administrative Development in Switzerland, one of the most prestigious colleges in this field in the world.
Contact an FBS KOTSOMITIS Professional if You’ve Decided You Need a UAE Free Zone Company Formation
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P.O.Box 322762, Al Jazeera Al Hamra
Ras Al Khaimah, United Arab Emirates