Interesting facts:
All legal relations between local and federal authorities are stipulated in the constitution of the UAE Full versionSo-called “Free-zone” have been established since 1985 on the territory of the United Arab Emirates Emirates, which provide opportunities for free economic trade. First of all these specialized zones were established to encourage foreign investment and international trade. Such governmental project has become the best tool to promote business activity, which triggered to copy this model almost on the entire territory of the country.
Free trade zones in Dubai – are modern business districts / areas which have necessary infrastructure, equipment, office and other facilities for establishment of new and expansion of existing business.
If for registration of a company at the local market of the United Arab Emirates participation of a local partner or sponsor is obligatory, on the territory of free zones it is allowed the 100% participation of foreign owners and shareholders. Moreover, companies operating in such zones may count on customs and tax privileges. There are also no restrictions on hiring necessary foreign personnel. Let’s review the most popular among foreign entrepreneurs free trade zones of Dubai.
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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.
The name of this free trade zone is related to its location, it is situated in close proximity to the International Airport in Dubai and in fact is a part of the airport. 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 free trade zone 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 35 FTZ in the UAE and each has its own specific features and advantages.
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