◦ Over 30 free trade zones in UAE
◦ 100% Foreign ownership
◦ Most free zones provide 100% customs duty exemption. However
customs
duty
is levied on the goods that leave the free zone and enter the Emirates
◦ Corporate tax exemption for 15/50 years
◦ Free zone entities not entitled to carry out activities in the
main emirate.
JEBEL ALI FREE ZONE
Jebel Ali Free Zone (JAFZ) provides
service, trading and industry licenses. Companies can be incorporated in Jebel
Ali as totally independent Free Zone Establishments (FZE) or Free Zone
Corporations (FZCO). Foreign companies are also able to establish branches in
JAFZ. Minimum capital for FZE is Dhs 1 million and for FZCO is Dhs 0.5million.
DUBAI AIRPORT FREE ZONE
Dubai Airport free zone is located
close to Dubai International Airport and is an ideal location for service
activities related to aviation industry. Minimum capital for FZE is Dhs 1
million and for FZCO is Dhs 0.5million.
Dubai International Financial
Center (DIFC) is mainly focused on the financial services industry. DIFC
includes banking services, capital markets, asset management, Insurance and re-
insurance, Islamic Finance. Dubai Financial Services Authority (DFSA) grants
licenses and regulates the activities of financial institutions in DIFC.
DUBAI TECHNOLOGY, E-COMMERCE AND
MEDIA FREE ZONE
Dubai Technology, E-commerce and
Media free zone (Tecom) enables Information and Communications Technology
enterprises to operate locally, regionally and globally from Dubai. Company can
be incorporated as Free Zone Limited Liability Companies and another option is
to set-up a branch of a foreign company. Minimum capital varies, however
50,000dhs is absolute minimum.
DUBAI MULTI COMMODITIES CENTER
Dubai Multi Commodities Center is a
free zone authority established to support commodities industry such as Gold
& Precious metals, Diamond and colored stones, Energy and other commodities
industry. Investors can set-up Free Zone Limited Liability Compay or branch of
a foreign company.
HAMRIYAH FREE ZONE
Hamriyah Free Zone (HFZ) is located
in Sharjah. Almost any activity is allowed under HFZ as long as activity is
environment friendly and in accordance with local rules. In HFZ, Investors can
set-up branch or FZE or FZCO. Minimum capital requirement for both FZE and FZCO
is Dhs 150,000.
RAS AL KHAIMAH FREE TRADE ZONE
Ras Al Khaimah Free Trade Zone (RAKFTZ) has been awarded
as Best emerging free zone and is conveniently located as 45kms from Dubai. Its
is one of the cost effective free zones in the region and offers a customer
friendly environment. RAKFTZ Authority has created a system of unique free zone
parks which suits the needs of every investor according to the requirements.
