The Free
zones have been designed to complement and contribute to Dubai’s growth and
development but their legal status is extremely unique with the companies
operating in them being legally treated as foreign companies or companies
operating outside the UAE. The choice of doing business in free zones is very
suitable for companies interested in taking advantage of Dubai as a
regional manufacturing or distribution area, as most of the sales of such
companies will be exported without any tax being imposed.
Advantages of
free zones
Investing in a
free
zone allows 100%
ownership of your enterprise, 100 % repatriation of capital and profits, no
minimum capital investment, no corporate or personal tax and no need for a
local partner. Added to these advantages are ready-made offices, factories,
warehouses and easy start-up and licensing procedures. With such benefits, it
is no wonder that Dubai has the finest free zones in the world. Click here for a list of
Dubai free zones.
Jebel
Ali Free Zone
One of
the oldest and most successful is Jebel Ali Free
Zone (JAFZA),
which was set up in 1980 and has the world’s largest man-made port in the
world. The upcoming Maktoum International Airport will make JAFZA the only free
zone with both an international port and airport.
Financial free
zones
Some
free zones are created in city-clusters or districts with specific services or
industrial specializations. The financial free zones include Dubai International
Financial Centre, Dubai Multi Commodities
Centre, Dubai Gold & Commodities
Exchange.
Media
and technology free zones
The
media and IT specialized zones include Dubai Media
City, International Media Production
Zone, Dubai Studio
City, Dubai Internet
City, Dubai Silicon Oasis
Authority, Mohammed bin
Rashid Techno Park and Dubai Biotechnology &
Research Park.
Other
free zones
Other
free zones include Knowledge
Village and Dubai Academic
City, Dubai Healthcare
City, International Humanitarian
City, Dubai Outsource
Zone, Dubai Airport Free
Zone, Dubai Flower
Center, Dubai
Maritime City,
Dubai Logistic City, Enpark (Energy & Environmental Park),
Dubai Textile Village, Dubai Cars & Automotive
Zone (DUCAMZ), Awir Free Zone, Dubai Carpet & Textile City and
Dubai Sports
City. |