From free zones to special economic zones the uae case study. Freetrade zones in the united arab emirates are areas that have a special tax, customs and import regime, and are governed by their own framework of regulations with the exception of uae criminal law. As outlined in our section on uae company setup steps, one of the very first decisions to take in your journey towards incorporating a uae free zone company, and any company in the uae for that matter, is to select the most suitable business activity. This slide shows that htmltext can also be used as thumbnails. Creative zone business setup in dubai and uae free. Heres our guide to all the free zones in the country. The common benefits of doing business in a uae free zone include.
Employees are under a contract with the respective free zone authority. Each free zone authority has its own employment law and employees are subject to the rules and regulations of their respective free zone authority. Hamriyah free zone is challenged to provide competitive incentives and unique opportunities. The first uae free zone opened in the 1980s, setting the framework for the many that followed, and today there are almost 40 free zones across the uae. Here are the advantages of setting up your business in a free zone and a list of all the uae free zones. Uae free zones company setup in ajmanbusiness setup in. Dubai internet city dic, a forerunner in carrying forward dubai s vision of transitioning into a knowledgebased economy, has successfully. Taxation and ownership are two crucial parameters for entrepreneurs while setting up a business. There are several uae free zones across dubai, abu dhabi, sharjah, fujairah, ajman, ras al khaimah rak and umm al quwain each free zone in the uae cater to a specific type of.
Uae free zones official website for uae free trade zones. In a short span of four years, the dubai media city free zone has firmly established itself as the media hub of the region. In todays presentation highlights on the free zones concept statistics from the 2003 ilo survey findings of the miga fdi trends survey the uae investment climate free zones in the uae ptas and their implications on free zones the way forward for the uae the key determinants for future successful zones in the uae good practices for ideal zones. In order to get the approvals, you need to apply with the documents. Introduction there are number of free zones in the uae, each have different rules. Free zones in uae also provide 100 percent ownership for all kinds of nationalities. There are around 40 free zones operating in the uae, with more under construction. In this step for how to start a business in uae free zone is to apply for initial approval. Uae free zones free zones in uae are specially designed area for promoting export trade and opening the home economy to outside world and to provide entrepreneurs a wider range of options. Each freezone has its own specific list of activities that can be performed inside that freezone. Uae company incorporation of a free zone limited liability company fzcollc with individuals as. Applicability of uae vat in designated zones and free trade zones 654 views. Working in free zones the official portal of the uae.
Get initial approval how to start a business in uae free zone. Ppt 7 main advantage of free zone companies in uae free zone. How free zones help power the uae economy arabianbusiness. From free zones to special economic zones the uae case. Free zone company formation service provider in uae. Any foreign company that intends to enter the dubai market has two options for setting up a business. Free zones in the uae offer foreign investors 100 percent ownership in companies registered within them, no corporate taxes, no import and export duties, 100 percent repatriation of revenues and profits, reduced documentation and. Ftzs in dubai and the uae are governed pursuant to a special framework of rules and regulations. Trading, professional and small industrial businesses. Applicability of uae vat in designated zones and free. There are over forty free zones in the united arab emirates, all offering different opportunities and advantages to both domestic and foreign investors. To get the necessary approvals, you need to apply with the documents.
Now that you have everything at a place, let us understand the process of establishing a company in the free zone uae. Free trade zones are areas in the united arab emirates that have a special tax, customs and imports regime. For instance, some specialize in software development, while others concentrate on healthcare. There are several uae free zones across dubai, abu dhabi, sharjah, fujairah, ajman, ras al khaimah rak and umm al quwain. Setting up business in the uae free zones, uae freezone, uae free zones, uae free trade zone,company formation in uae free trade zones, jafza offshore, rak offshore and company incorporation in free zones jafza, dafz, rakftz, rakia, afz, dmc, dic, dhcc, saifz, hfz, masdar. Overview of selected uae free zones 3 international law firm of the year middle east law firm of the year chambers global awards 20 we hold more tier 1 rankings in chambers global. Freetrade zone in dubai, ftzs are special economic zones set up with the objective of offering tax concessions and customs duty benefits to expatriate investors.
Also, these rules are applicable to investors looking for. The united arab emirates is situated in the eastern part of the arab world. Even small emirates in the uae are able to register a good number of companies despite. Those working in free zones are generally not governed by the uae labour law. A selection of countries in which pkf international ltd has representation in. Read this ppt to know main benefits of uae free zone business. Established in geneva, switzerland and headquartered in the. Setting up business in the uae free zones, uae freezone, uae free zones,uae free trade zone, rak offshore and company incorporation in free zones\n.
We are company formation consultants providing a wide range of solutions to investors seeking to start a free zone company in the uae. If you wish to open a dubai company, then the type of business that is to be set up. As a global hub for business, the uae has among the highest number of free zones in the globe. Dubai international financial center difc is seen by many investors as the best free zone in dubai, particularly for any financial business. There are many uae free zones in which companies can be set up. Dubai in the spotlight the metropolis of dubai is fast rising as a global entertainment destination with its mediafriendly initiatives and cosmopolitan lifestyle. Uae free zones, find with us uae free zones list 2019 or new business laws and dubai all free zones laws, we are special consultant whatsapp 00971565539955. With more than 50 different free zones across the uae and with many more under development, free zones have helped make the uae an attractive option for foreign businesses looking to relocate or expand their global footprint. Type of company activities include software development, business services, web. Abu dhabi, dubai, sharjah, ras al khaimah, umm al quwain, ajman and fujairah. We handle the full range of business setup services. The uae has a number of free zones across dubai, abu dhabi. Uae free zones team have the expertise you need to complete the legal requirements for company formation, the setting up of bank accounts, and the acquiring of residency visas. Free trade zones are areas in the united arab emirates uae that have a special tax, customs and imports regime.
It is estimated that there are now more than 3000 free zones operating in about 120 countries. Uae free zones has always been eager to assist investors and businessmen in making a reality of. Hence, if you are aiming to make your business big, this is the right. Find the best free zone in uae and start a business. The right choice depends on the type of business, as other free zones can favor other types of activities, like those than include technology development and activities, media, design, commodities and others. Free zones in the uae an overview posted on july 2, 2015. Free zones in the uae although the greatest possible care has been observed in drawing up this publication, the possibility always exists. In the uae, the first free zone at jebel ali came into existence in 1985 and.
Our parent company, 10 leaves, specialises in difc and adgm consulting. Interesting news item shared from dubai customs website. We have been consulting investors and entrepreneurs on company formation in the uae since 2004. Details about the ras al khaimah free zone, situated in uae, close to dubai, and that offers important business opportunities for foreign investors. The different free zones were designed to cater to certain industries. Dubai internet city dic has been created and designed to support information and communications technology ict companies, standing out as the biggest ict infrastructure built inside a free zone. The name cannot be similar with the names of any existing companies in the uae. Currently, there are a total of 45 and 10 others are under construction.
Uae freezone company formation business setup in uae. There are free trade zones in the uae, dubai, ajman, sharjah, abu dhabi, ras al khaimah. Uae allows foreign companies and individuals own 100% shareholding in these companies. Free zone business setup in dubai is currently looking for foreign investors. Aside from its central location and its world class facilities, the dubai world trade centre free zone offers a wide range of services for companies. Jlt free zone offering market participants of the commodities industry and support services invaluable business incentives, continue reading. Freetrade zones in the united arab emirates are areas that have a special tax, customs and imports regime and are governed by their own framework of regulations with the exception of uae criminal law. With the number of zones increasing, their impact on the uae economy has deepened. Offers the cheapest general trading license in all uae. List of freetrade zones in the united arab emirates. Ajman free zone located in 30minutes drive from dubai. Software, internet and multimedia manufacturing health care trading and repairing commercial. These free zones were set up by the country as part of its investment expansion campaign to attract foreign companies to invest in the local economy. Pkf free zones in the uae introduction 7 introduction the united arab emirates uae was established on 2nd december 1971 and is a federation of seven emirates, namely.
The uae has 45 free zones, which indicates the concept still has an appealing value for investors. The only free zone which offers multiple instalment payment plans if uae bank cheque book is available. A free zone authority offers business licenses to foreign. Free zones in the uae an overview inhouse community. Business setup in uae free zones company formation in. Uae setting up a business is relatively easier in free zones. Whether its establishing a new business or renewing an existing business license, gcc solutions is the goto company. Please contact our company formation agents in dubai if you want to open a free zone. Starting a business in a free zone the official portal.
As per the website of twofour54, you cannot use abu dhabi andor united arab emirates in the name of the fzllc or the branch. In simple words, free zone means a special economic zone where business owners get the benefit of keeping 100%. Jlt free zone offering market participants of the commodities industry and support services invaluable business incentives, continue reading sharjah only aed 25,000. A free zone is a trade zone which is independent by a certain degree of all the local government policies. All about the uae free zones business setup in dubai and uae. With growing business opportunities in the uae and keen interest of foreigners to operate in dubai, the dubai government has introduced dubai free zones. Uae free trade zones consultant for uae free trade zone. Uae as a whole comprises of 7 emirates, out of which 5 have approximately 40 free zones in total. The main attractions of establishing an entity in one of the uaes free zones is that there are no foreign ownership restrictions and companies are.
There are more than 30 free zones operating in dubai. The global economy is becoming increasingly more interdependent and a free trade zone helps as a gateway to export products. Companies established in free zones are governed by the rules of the respective free zones. It is also worth mentioning that 30 of those are dubai free zones. An ebook reader can be a software application for use on a computer such as microsofts free reader application, or a booksized computer this is used solely as a reading device such as nuvomedias rocket ebook.
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