Interesting facts:
Full versionSo-called "free zones" have been established since 1985 on the territory of the United Arab Emirates, which provides opportunities for free economic trade. First of all, these specialized zones were established to encourage foreign investment and international trade. Such a governmental project has become the best tool to promote business activity, which triggered the copying of this model almost in the entire territory of the country.
Free trade zones in Dubai are modern business districts/areas that have the necessary infrastructure, equipment, offices, and other facilities for the establishment of new businesses and expansion of existing ones.
Previously, the UAE only permitted 100% foreign ownership of businesses in free zones. Mainland companies required a local sponsor. However, this changed with the passage of Federal Law-Decree No. 32 of 2021 on Commercial Companies. Now, for the vast majority of businesses, a local sponsor is no longer required.
Clarify the cost of opening company, corporate or personal bank account, obtaining a residence visa, or another question regarding business in Dubai, UAE:
Companies operating in free zones may count on customs and tax privileges. Free Zone companies are entitled to hire foreign employees subject to visa quotas, the requirements of the relevant free zone, and UAE labor laws. Let's consider the most popular free economic zones in Dubai among foreign entrepreneurs.
This is one of the first free trade zones on the territory of the United Arab Emirates. Among similar projects, Jebel Ali is considered to be the most successful government project that combines the largest transportation hubs of Dubai.
This project with the same name of Free Trade Zone is an international center for development of telecommunications and information technologies. Companies engaged in the field of the Internet, modern telephony, international communication, etc. have already opened or have the option to open their branches and representation offices here, while the companies may rely on professional and impeccable services provided by the administration of FTZ.
Dubai Airport Free Zone (DAFZA) is located near Dubai International Airport and is aimed at trade and logistics companies. This is the best choice for companies, which require close interaction with air cargo centers and facilities and are involved in international trade.
This FTZ is located in district Ras Al Khor. The main focus of this free trade zone is export of used vehicles to the markets of Asia and Africa region. Advantageous location of the zone provides open access to all major transport hubs of the UAE.
This commercial cluster specializes in sale of jewelry and precious stones. Conditions of this zone are ideal for organizing international jewelry business. Office and retail space premises, modern communications, tax-free and modern shopping areas attract here the most famous jewelry companies in the world.
This is the healthcare free zone in Dubai. Many international companies in the field of treatment and patient care are operating along with various research centers related to medicine. Due to the presence of this free trade zone healthcare of the country, in addition to the existing ultra-modern hospitals on the mainland, has received a new modern level of service and development in this direction.
In our review we have provided only some of the most popular free trade zones in Dubai. Totally, as mentioned before, there are more than 40 FTZ in the UAE and each has its own specific features and advantages.
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