UAE Free Zone

Free-trade zones in the United Arab Emirates are areas that have a special tax, customs and import regime, and are governed by their own framework of regulations (with the exception of UAE criminal law).

Background

The UAE has a number of free zones across Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are:

* 100% foreign ownership of the enterprise
* 100% import and export tax exemptions
* 100% repatriation of capital and profits
* Corporate tax exemptions for up to 50 years
* No personal income taxes
* Assistance with labor recruitment, and additional support services, such as sponsorship and housing.

Each Free Zone is designed around one or more business industry categories and only offers licenses to companies within those categories. An independent Free Zone Authority (FZA) governs each free zone, and is the agency responsible for issuing FTZ operating licenses and assisting companies with establishing their business in the FTZ.

Investors can either register a new company in the form of a Free Zone Establishment (FZE) or simply establish a branch or representative office of their existing or parent company based within the UAE or abroad. An FZE is a limited liability company governed by the rules and regulations of the Free Zone in which it is established. Except for acquiring nationality in the UAE, the provisions of the Commercial Companies Law (CCL) do not apply to FZEs, provided that the Free Zones have special provisions regulating such companies.

There are a few Free Zones in UAE that offers Dual Business License for investors. It will allow them to do business in the Free Zone as well as in the mainland of UAE using the same business license. For Example, Sharjah Publishing City (SPC) Free Zone offers a Dual License for the investors enabling them to easily offer services in the mainland and Free Zone together.

Advantages of setting up business in Dubai Free Zone

There are several reasons why many aspiring business owners choose the emirate and free zones in Dubai. The following benefits provided are most likely the primary reason:
*Government ownership is not interrupted. The matter of possession is fully in the hands of investors.
*Companies within Free Zones are not subject to duty-free shopping.
*Profits and capital are fully repatriated.
*Imports and exports are exempt from tariffs, taxes, and duties. Warehouse usage is free.
*A company located in a free zone can be run independently by any foreign investor.
*For 15 years, corporations are also exempt from corporate tax.
*Confidentiality is assured throughout the operation.
*Different activities are available to investors, including owning property. Bank accounts can be opened easily for him.
*Employees of the company and other support staff, as well as the housing facilities, can get visas without any problems.

Free zones

There are 46 Free Zones operating in UAE.

;Abu Dhabi
* Abu Dhabi Airport Free Zone (ADAFZ)
* Abu Dhabi Global Market
* Khalifa Industrial Zone
* Industrial City of Abu Dhabi
* Higher Corporation for Specialized Economic Zones / ZonesCorp
* Masdar City Free Zone
* twofour54
;Dubai
* International Free Zone Authority (IFZA)
* Dubai Airport Free Zone
*Dubai Auto ZZone
* Dubai Biotechnology & Research Park (DuBiotech)
* Dubai Car and Automotive City Free Zone (DUCAMZ)
* Dubai Design District
* Dubai Flower Center
* Dubai Gold and Diamond Park
* Dubai Healthcare City
* Dubai Industrial City (DIC)
* Dubai International Academic City
* Dubai International Financial Centre
* Dubai Internet City (DIC)
* Dubai Knowledge Village
* Dubai Logistics City
* Dubai Media City
* Dubai Multi Commodities Centre
* Dubai Outsource Zone
* Dubai Silicon Oasis
* Dubai Science Park
* Dubai Techno Park
* Dubai Textile Village
* Dubai Technology and Media Free Zone
* International Media Production Zone
* International Humanitarian City
* Jebel Ali Free Zone
* Jumeirah Lakes Towers Free Zone
* Dubai South or DWC
* Dubai Production City
* Meydan Free zone
;Sharjah
* Hamriyah Free Zone
* Sharjah Airport International Free Zone
* U.S.A. Regional Trade Center (USARTC) Free Zone
* Sharjah Publishing City Free Zone
* Sharjah Media City Free Zone (Shams)
* Sharjah Publishing City Free Zone (SPC Free Zone)

;Ajman
* Ajman Free Zone
* Ajman Media City Free Zone

Ras Al Khaimah
* Ras Al Khaimah Economic Zone (RAKEZ)
* RAK Maritime City Free Zone Authority (RMCFZA)
*Ras Al Khaimah Investment Authority
* Ras Al Khaimah Free Trade Zone
* Ras Al Khaimah Media Free Zone

Fujairah
* Fujairah Free Zone
* Fujairah Creative City

Umm Al Quwain
* Umm Al Quwain Free Trade Zone (UAQFTZ)

Free zones under construction

* Dubai Maritime City
* Dubai Carpet Free Zone
* Dubai Auto Parts City
* Heavy Equipment and Trucks Zone
* Mohammad Bin Rashid Technology Park
* Dubai International Arbitration Center

See also

* Free economic zone
* List of free-trade zones in Dubai
* List of company registers
* List of offshore financial centres
* List of financial districts

References

{{DEFAULTSORT:Free-trade zones in the United Arab Emirates
Economy of the United Arab Emirates-related lists
Geography of the United Arab Emirates
Government-owned companies of the United Arab Emirates
Neighbourhoods in the United Arab Emirates

Lists of companies of the United Arab Emirates
United Arab Emirates geography-related lists