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Freezone Business Setup

A free zone is a defined area where businesses are taxed at extremely low rates or none at all in order to attract investment and increased economic activity. The establishment of free zones also has the consequence of treating items imported by free zone enterprises as being outside of the customs domain and so tax-free. For all Customs transactions, Free Zones are effectively “beyond jurisdiction.”

The United Arab Emirates, a place of booming enterprises and trade links, offers a plethora of free trade zones that facilitate the flow of foreign investment into the region. These are special economic zones established for foreign investors. Foreign investors benefit from tax-free and duty-free status in these free zones. This has been a major element in attracting investors to the UAE.

Dubai, Sharjah, Abu Dhabi, Ajman, Fujairah, Um Al Qwain, and Ras Al Khaimah are among the UAE’s free zones. These free zones are divided into three categories: mainland, airport, and sea port. For investors wishing to build a business, each free zone is designed expressly for diverse operations such as industrial, healthcare, finance, media, research, maritime, logistics, and IT services.

They have the following advantages:

  • The establishment is owned entirely by foreigners:
  • Support for Tax Exemptions
  • Infrastructure that is cutting-edge

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