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UAE Free Zones

Dubai Multi Commodities Centre

DMCC is one of the fastest growing free zones in the UAE .

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Fujairah CREATIVE CITY

Completely a new media innovation cluster and an addition to the media-hubs in the region after Media City

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UAQ FREE ZONE

Your gateway to a future of success. UAQ is a rapidly developing city in the UAE

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DUBAI SOUTH

Dubai South Free Zone (prev. DWC) offers a cost-effective and easy business setup solutions.

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United Arab Emirates

The economy of the United Arab Emirates is the one of the largest in the Middle East , with a gross domestic product (GDP) of $570 billion (AED2.1 trillion) in 2014. The United Arab Emirates has been successfully diversifying its economy. Although UAE has the most diversified economy in the GCC, the UAE's economy remains extremely reliant on oil. With the exception of Dubai. Dubai has emerged as a global city and business hub of the Middle East. It is also a major transport hub for passengers and cargo.

As of 2012, Dubai was the 22nd most expensive city in the world and the most expensive city in the Middle East. In 2014, Dubai's hotel rooms were rated as the second most expensive in the world, after Geneva.Dubai was rated as one of the best places to live in the Middle East by U.S. global consulting firm Mercer

UAE free zones and Dubai free zones

The UAE has several free zones across Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al Khaimah and Um Al Qwain. Free zones may be broadly categorized as sea port 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.

While thinking about starting a business in any economic zones of the world, most of the people give priority to Dubai free zone. As Dubai is emerging as a business hub and as a global city, doing a business here will help in gaining appreciation and commercial achievements. Dubai has become a major business centre regionally as well as internationally. Though Dubai city was grown on oil industry, the city at present is able to accommodate top international business groups by providing them world class facilities and freedom of export and import activities.

Dubai government has started showering benefits over local as well as foreign business conglomerates as part of encouraging business development in the city. Business people who wish to hold 100% stake in the company can opt for Free Trade zones. These are independent economic zones with liberal company laws and tax rules. A Free Zone Company can apply for tax exemptions as well as reduction in Import and export duties. Moreover,free zone companies should not have to search for Sponsors or Agents to incorporate a company.

Starting a business in Dubai has become very easy these days. There are industry specific free zones throughout the city meant for doing each type of business activity. This includes Dubai Multi Commodities Centre, Dubai International Financial Centre, Dubai Internet City, Dubai Knowledge Village, Dubai Media City, Dubai Airport Free Zone, Dubai Car and Automotive City Free Zone, Dubai Flower Centre Free Zone, Dubai Gold and Diamond Park, Dubai Health Care City, Dubai Gold and Commodities Exchange, Dubai Technology and Media Free Zone, Jebel Ali Free Zone, dubai south and Dubai Silicon Oasis.