There are many reasons why UAE has been an attractive destination for businessmen and entrepreneurs from all over the world. Strategic location at the center of East and West, Stable Regulatory Environment, government is committed to nurturing and supporting business etc. are to mention a few. Apart from these, one of the main attractions include the introduction of FREEZONEs in UAE.
Also known as free trade zones – are essentially economic boundaries where goods and services are traded, usually at preferential tax and customs rates. The concept of free zones were originally rolled out to boost international business in the region by offering benefits such as 100% foreign ownership, repatriation of capital and profits, corporate and personal income tax exemptions, exemption from all import and export duties within the free zone and can trade with no currency restrictions. This is perhaps the most compelling reason to choose a free zone: the tax regime. Set up in a free zone and as well as benefiting from 0% corporate and personal tax, business will also be exempt from VAT, if traded within free zone or outside UAE, Standard VAT rate currently is at 5.
Currently there are 45 free zones across the UAE. Over the years, the UAE’s free zones have evolved to offer ever-increasing advantages to the businesses within them. Many free zones cater to specific industries or business types – for example, Dubai Healthcare City serves those in the healthcare industry while Jebel Ali Free Zone Authority is directly linked to the largest port in the region and is therefore favored by those in the import/export trade.
We undertake the entire process of incorporation for our clients right from the scratch till the license is issued by the authority. It includes gathering strategic inputs and advising the client based on their business objective, nature of business/services and shareholder structure what best suits them. We also assist in documents preparation including translations, legalizations, attestations, Visa and Work Permit Processing and Emirates ID, approvals if any required by government departments or concerned ministries, assistance in setting up corporate bank account.
• Dubai South
• International Free Zone Authority
• Jebel All Industrial Zone – JAFZA
• Dubai Airport Free Zone – DAFZA
• TECOM Investments
• Jumeirah Lake Towers
• Dubai International Financial Centre (DIFC)
• Dubai Silicon Oasis
• Sharjah Airport Free Zone – (SAIF Zone)
• Hamriyah Free Zone – (HFZ)
• RAK FTZ
• RAK Investment Authority
• RAK Media Free Zone
• Abu Dhabi Airport Free Zone
• Abu Dhabi Twofour54
• Masdar City
• Khalifa Industrial Zone Abudhabi (Kizad)
• Dubai Gold & Commodities Exchange
• Dubai Gold & Diamond Park
• Dubai Healthcare City
• International Humanitarian City
• Dubai Flower Center
• Dubai Maritime City
• Dubai Logistic City
• Dubai Textile Village
• Dubai Cars & Automotive Zone (DUCAMZ)
• Dubai Carpet & Textile City
• Dubai Sports City
• Higher Corporation for specialized Economic Zones (HCSEZ), also called Zones Corp, Abu Dhabi
• Fujairah Free Zone
• Fujairah Creative City
• Ajman Free Zone
