Free-trade zone A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to cus ...

s in Dubai, (FTZs) are special economic zones set up with the objective of offering tax concessions and customs duty benefits to expatriate investors. There are more than 30 Free Zones operating in Dubai. FTZs in

Dubai Dubai (, ; ar, wikt:دبي, دبي, translit=Dubayy, , ) is the List of cities in the United Arab Emirates#Major cities, most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 ...

and the UAE are governed pursuant to a special framework of rules and regulations. A Free Zone Authority offers business licenses to foreign-owned businesses. Each Free Zone is designed around one or more industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories. Most of the free zones in Dubai broadly offer trading, services, and industrial licenses to investors looking to set up their businesses.

Background

Free zones in Dubai are managed and operated by the relevant authority. For instance, the Jebel Ali Free Zone Authority in Dubai is responsible for managing, operating and supervising the

Jebel Ali Free Zone Jebel Ali Free Zone (Jafza; Arabic: (جافزا) المنطقة الحرّة لجبل علي al-Munṭaqa al-Ḥurra le Jabal ʿAlī) is a free economic zone located in the Jebel Ali area at the far western end of Dubai, United Arab Emirates, nea ...

, one of the largest seaport free zones in Dubai. It has a subsidized rate of 32 percent on the country's Foreign Direct Investment (FDI). As for other Free Zones in Dubai, the Dubai Multi Commodities Centre (DMCC) has 7,330 active registered companies (as per 2013), offers a retention rate of 94 percent, and estimates an application of over 200 companies every year. the Dubai International Financial Centre (DIFC) is another jurisdiction demonstrating the growth of expansion. It contributes 12 percent to the GDP of Dubai and has an estimated a growth rate of 27 percent (as per 2015). The authorities speculate that the region will triple in size by 2024. Others include the Dubai Airport Freezone (DAFZA; the Dubai internet City; and the Dubai Media city. In April 2021 Dubai CommerCity launched, a free zone dedicated to e-Commerce. The International Free Zone Authority (IFZA) is one of the most cost-effective and fastest-growing free trade zone in Dubai. This freezone was founded in Fujairah Emirate and has moved to Dubai Silicon Oasis (DSO), Dubai.

List

There are more than 20 Free Zones operating in Dubai, which include the following: *

Dubai Airport Free Zone Dubai Airport Freezone (commonly abbreviated as DAFZ) is a free economic zone in Dubai, United Arab Emirates, providing company formation and business setup services in Dubai. DAFZ enables the following types of company formations:  ...

*Dubai CommerCity *

Dubai Design District Dubai Design District (d3) is a purpose-built community in Dubai dedicated to the design, fashion, and culture community, including startups, entrepreneurs, and well-established international design, luxury, and fashion brands. It was establishe ...

Dubai Gold and Diamond Park Dubai Gold and Diamond Park is located in Dubai, UAE. It was established in May 2001. Spreading 511,343 Sq.feet (Phase 1), it is located on Sheikh Zayed Road, 23.5 km from Dubai International Airport, The park is an extension of the Jebel Al ...

* Dubai Healthcare City *

Dubai International Academic City Dubai International Academic City (DIAC), informally known as Academic City, is a university town in the city of Dubai, United Arab Emirates along the Dubai-Al Ain Road. The project was launched in May 2006 in liaison with Dubai Knowledge Park. T ...

Dubai Internet City Dubai Internet City (DIC) ( ar, مدينة دبي للإنترنت) is an information technology and business park created by the Government of Dubai as a free economic zone and a strategic base for companies targeting regional emerging markets ...

Dubai International Financial Centre The Dubai International Financial Centre (DIFC) is a special economic zone in Dubai covering , established in 2004 as a financial hub for companies operating throughout the Middle East, Africa and South Asia (MEASA) markets. DIFC is regulated b ...

* Dubai Logistic City * Dubai Knowledge Park *

Dubai Maritime City Dubai Maritime City (DMC) is a multipurpose maritime zone. It is a member of the DP World group of companies. Maritime city was expected to be fully operational by 2012, and by January 2021 had completed 80% of the first phase's infrastructure wor ...

Dubai Media City Dubai Media City (DMC), part of Dubai Holding, is a tax-free zone within Dubai, United Arab Emirates. History and profile The Dubai Media City was established and built in 2000 and inaugurated in January 2001 by the government of Dubai to boo ...

* Dubai Multi Commodities Centre (DMCC) * Dubai Production City * Dubai Science Park * Dubai Silicon Oasis *Dubai Studio City *Dubai Textile City * Dubai World Central (Dubai South) *

Dubai World Trade Centre The Dubai World Trade Centre (DWTC) ( ar, مركز دبي التجاري العالمي), historically called Sheikh Rashid Tower, is a 38-storey and a height 184 m skyscraper in Dubai, United Arab Emirates, which was erected in 1979. It is a purp ...

International Humanitarian City International Humanitarian City (IHC) is a Dubai, United Arab Emirates, based global hub for humanitarian emergency preparedness and response, which positions itself as the world's largest aid hub. Founded in 2003 by the Ruler of Dubai, Mohammed b ...

https://www.ihc.ae/ *

* Meydan Free zone

References

{{DEFAULTSORT:Free Trade Zones In Dubai, List Of Economy of Dubai Geography of Dubai Neighbourhoods in the United Arab Emirates * Free trade zones

Background

List

See also

References