Quote:
Originally Posted by lyes
hi, you should invest in Business Bay, the price are now more than that and the difference is because of the location in the area,
you should also think about DIFC and Tecom, free zone area so no need for a local sponsor to stand up a business,
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Freezone isn't only about not needing a local sponsor. Besides the 100% foreign ownership, the main benefits of freezones compared to other parts of Dubai are:
1- 50 yrs guarantee of no corporate taxation, renewable 15 years at time after the initial 50yrs.
2- No import duties, compared to a 4% import duties elsewhere.
3- Fast track business setup. [20 minutes guaranteed].
Regards,
Rammah