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Dubai Free Zones

 

Free Zones are the zones which offer full ownership for the foreign upcoming businessmen here. No taxes are usually deducted for about a period of 15 to 20 years. These zones are also called free trade zones, tax-free zones, trade free zones, duty-free zones and free economic zones. Offered office spaces and permitted activities vary from zone to zone.
A few of the free zones in the UAE are Dubai Airport Free zone, Emirates Free Zone, Jebel Ali Free Zone, Hamriyah Free Zone(Sharjah), Dubai Internet City Free zone, Dubai Car and Automotive City Free Zone, Dubai Gold and Diamond Park, Dubai Health Care City, Ajman Free Zone, Dubai Media City Free Zone, Dubai Knowledge Village (DKV), Dubai Industrial City, Ahmed Bin Rashid Free Zone(UAQ), Knowledge Village Free zone, Fujairah Free Zone, Dubai Airport Free Zone, Ras Al Khaima Free Zone(RAK), Dubai Silicon Oasis Free Zone, Dubai Internet City (DIC), Dubai International Financial Centre (DIFC), Dubai Multi Commodities Centre (DMCC), Dubai Maritime City Free zone, Metals & Commodities Free Zone, Economic Zones World (EZW) and Dubai Aid City, Free Zone.

If a company wants to set up a project in any of the free zones then they must first fill in a simple questionnaire available at the free zones. After scrutinizing the questionnaire, the company will be given an application form for the license along with a customer request for the supply of electricity and other amenities. After these documents are submitted, the Free Zone authorities will go through the proposal, if the proposal is approved. then, a meeting is held about the finalization of the project and if everything goes well, the authorities give a provisional approval for the project. After this, the company has to sign on the lease papers. The applicant will have to provide insurance policies at the time of the signing and also should pay the agreed rental and license fees before the of the license is issued. If the applicant wants the authorities to provide employees on the company’s behalf then an application for entry permits should be submitted after collecting the license.

If a company wishes to set up two or more offices then it must acquire a separate license for each of its activity. Normally all the licenses are valid until the company holds the valid lease from the free zone. Trading licenses are given after the license issued by the Dubai Economic Development Department or an equivalent authority in the United Arab Emirates. Industrial license is given to the companies having factories outside the UAE and willing to enter the UAE to grow their business.  National Industrial licenses are given to the companies rolled within or outside the United Arab Emirates, but only when their local production accounts in for at least 40% of the value-added and that they should have a minimum of 51% AGCC equity.  All the companies having a free zone license are allowed to establish themselves in Dubai Airport Free Zone or Jebel Ali Free Zone, whichever they prefer.

Dubai Airport free zone
Situated within the environs of the Dubai International Airport, Dubai Airport Free Zone is spread across 1,200,000 sq. meters of land and owned by the government of Dubai. Though the activities allowed are limited to the ones that have quick access to the markets, low level and high-value products, the place is perfect for  IT products, jewellery, electronics, luxury items and a few activities linked with the aviation industry.  The zone also offers an array of support services, Customs, Immigration and Banks. The place also provides smart business incentives that include 100% foreign ownership and repatriations of profits, no personal income tax, no corporate taxes for a minimum period of fifteen years, no currency restrictions, very good infrastructure and a lot of opportunities for business interactions and networking. 


Dubai Internet City
All the global ICT monsters, like Cisco, Logica, Sony Ericsson, Dell, Siemens, IBM, Compaq, Oracle, HP and Microsoft, have established themselves within this region in a very short span of time.

Dubai Media City
Constructed by the Media Free Zone Authority, E-Commerce and Dubai Technology, Dubai Media City (DMC) offers broadcasting, advertising, publishing, post-production, public relations, music and research facilities, thereby providing a complete media-related environment. DMC is situated at the crossroads of South Asia, Africa and the Middle East. Jebel Ali Freezone

Jebel Ali Free zone is one of the fastest-growing free zones in the UAE. Also called JAFZA, the place focuses on long-term customer relationships along with providing innovative and creative solutions for the investors. It is one of the biggest free zones and the customers are offered the latest amenities and along with value-added services and incentives.


A few more zones in Dubai namely Dubai Aid City, Dubai Auto Parts City, Dubai Biotechnology & Research Park (Dubiotech or Dubai Biotech), Dubai Carpet Free Zone, Dubai International Arbitration Center (DIAC), Dubai Maritime City, Dubai Outsource Zone (DOZ), Dubai Studio City, Dubai Techno Park (TP), Dubai Textile Village, eHosting Data Fort, Heavy Equipment & Trucks Free Zone, International Media Production Zone and Mohammad Bin Rashid Technology Park are under construction.

8 comments

Shrooq Business Management
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shrooq business
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B2B Document Clearing
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Hiroshi Bangladesh
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nifty International
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ALEX JHON
Informative blogs information, we have to thanks author.
Charlie Woods
Thanks ! Very useful informations. I also wrote an article on the same subject: creation of a free zone company in the UAE.
hasan
Yes, good about Dubai

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