Dubai with its tremendous growth and development has become an excellent business environment for many investors around the world. It has one of the most liberal and attractive operating conditions as far as rules and regulations are concerned. To date the free zones across the U.A.E have been successful in attracting a large number of companies and foreign direct investment, as well as expanding net non-oil exports.
An independent Free Zone Authority (FZA) governs each free zone, and is the agency responsible for issuing FTZ operating licenses and assisting companies with establishing their business in the FTZ.
Investors can establish their company in any Free Zone either as a Free Zone Establishment (FZE), Free Zone Company (FZCO) or as a branch of their parent company based within the UAE or abroad. Such companies can be solely owned by the foreign investors with no involvement of a UAE National or sponsor. Some activities may require prior approvals from the competent authorities depending on the product / activity required by the investor.
Attractive working environment
Owned premises on leased land can be mortgaged
A company incorporated in a Free Zone is governed by the rules and regulations of the Free Zone in which it is established. Under Federal Law No. 15 of 1998, except for acquiring nationality in the UAE, the provisions of the CCL do not apply to FZEs, provided that the Free Zones have special provisions regulating such companies.
THE MAIN BENEFITS INVESTORS ENJOY WHEN STARTING A BUSINESS IN THE UAE FREE ZONES ARE:
- 100% foreign ownership
- 100% repatriation of capital and profits
- 100% free transfer of funds
- 100% exemption of import and export duties
- Staple and clear regulation
- No Personal Income Tax
- No corporate Tax for 50 years, a concession that’s renewable
- State of the art infrastructure
- No recruitment problems
- No Currency restrictions