What are the benefits of operating within the free zone, twofour54 in Abu Dhabi?
The benefits of licencing your business in twofour54 include: • Allowing 100% foreign ownership of businesses. • No personal or corporation tax within the UAE. However, if you have established a branch of a foreign company that is incorporated in a high tax jurisdiction, you may need to check with your own corporate or personal tax advisors to handle the consolidation of profits or repatriation of profits. • Equipment that is coming to twofour54 from customs is exempt from customs duties, although export from the free zone to the Emirate is subject to customs duties according to the applicable tariff.
