The UAE’s spectacular growth has attracted Businesses wanting to set up base in the region, particularly in Dubai. 100% ownership, however, is only guaranteed if the company sets up in a so called Free Zone, in which case no local partner is required. The government has guaranteed that for up to 50 years, there will be no corporate tax.
A Free Zone is a clearly defined area or land with special tax, customs and imports rules. These are special investment models enabling business without obstacles, which are governed by established laws of the respective country.
There are several Free Zones in Dubai and the selection of the most appropriate depends on the type of activity the company is involved in – trading, e-commerce, broadcasting and publishing, automotive etc. The type of infrastructure and services should also be considered for example warehousing and seaport access. Dubai has an extremely modern business infrastructure, and there are special cities for most types of activities such as Internet City, Media City, Healthcare City.
To register there is documentation needed which must be notarized in respective countries, including application form, passport copies, CV’s of managing staff, business plan, and financial background. The benefits of doing business in a Free Zone include 100% foreign ownership, 100% Tax exemption, 100% repatriation of capital and profits, No foreign exchange controls and renewable 3 year residence visas.
The following is a list of Free Zones in Dubai:
Dubai International Financial Centre (DIFC)
Jebel Ali Free Zone (JAFZA)
Dubai Media City
International Media Production Zone (IMPZ)
Dubai Internet City
Dubai Knowledge Village
Dubai Outsource Zone
Dubai Airport Free Zone
Dubai Cars & Automotive Zone
Dubai Metals & Commodities Centre (DMCC)
Dubai Aid City
Gold & Diamond Park
Dubai Maritime City
Dubai Studio City
Dubai Biotech & Research Park
Dubai Healthcare City
Dubai Silicon Oasis
Heavy Equipment & Trucks Free Zone
Dubai Industrial City
Dubai Flower Centre
Dubai Logistics City