Free Zones in the UAE provide investors with all the amenities, facilities and communication infrastructures needed to help facilitate them with starting up their businesses. They also offer several benefits to foreign companies and are currently recognized as one of the best ways to setup an office in Dubai. one of the main advantages that Free zones offer are the ability for individuals to have 100% ownership of their own business without the need for local sponsorship or any form of staff recruitment necessities. Exports don’t charge companies with any form of tax and imported raw material or equipment is exempt from customs duty.
Other Benefits of setting up in a free zone
- 100% Repatriation of capital and profits
- 100% Corporate, Personal Income Tax exemption
- Abundant and inexpensive energy
- Inexpensive workforce and easy recruitment procedures
- ‘One-stop-shop’ Administration services
- On-site customers inspection
- Companies at Free Zone can operate 24 hours a day
- Attractive working environment
- No currency restrictions
Free Zones in Dubai are designed according to specific or different business industry categories and offer licenses to companies and entities within those classifications. Each free zone is managed by separate Independent Free Zone Authority, and this authority is responsible for issuing business permits and licenses, employee visa and regulating the business requirements. Each free trade zone has its own unique facilities, rules and regulations.
The different activities that some free zones specialize or target are mentioned below.
- Jebel Ali Free Zone focuses on activities such as trading, shipping, logistics, manufacturing, import, export, packaging and distribution.
- Dubai Airport Free zone targets distributions centres, representative offices, regional headquarters, logistics and light industrial activities.
- Dubai Healthcare City serves as a hub for healthcare and related businesses.
- Dubai Media City caters for broadcasting, advertising, and public relations.
- Dubai Internet City has facilities for web-based services, IT support, and software development.