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UAE Freezones

Objectives

Free Zones have been developed:

  • To promote non polluting manufacturing activities of any size and in any industry
  • To allow companies to be in the vicinity of the markets in the Middle East region and other global regions
  • To setup companies as a regional trading and distribution base

 

Benefits and Facilities

Conceptually, all Free Zones offer similar benefits and facilities, which are enumerated below:

Benefits:

  • 100% foreign ownership
  • No corporate or personal income taxes
  • Full repatriation of funds
  • No currency restrictions
  • No import or export duties and taxes

Facilities:

  • Easy availability of inexpensive workforce
  • No restrictions on visas
  • Availability of plots or land, pre-built warehouses and offices on annual lease
  • Availability of labour and executive accommodation
  • Minimal legal and administrative procedures to setup operations

 

Exclusive Benefit Provided in Jebel Ali Free Zone Area

The Ruler of Dubai promulgated Law No. 1 of 2002 (20 articles) on January 15, 2002 which allows companies in the free zone to mortgage their buildings excluding the government land and register it with the authorities in a mortgage register. This will facilitate investors - present and prospective - to obtain finance against / for construction of their buildings.

Infrastructure in Free Zones

Some free zones have well developed infrastructures and others are in the process of developing it.

Examples are:

  • Abundant electricity and water at competitive rates
  • Modern efficient communications and port facilities
  • Well developed road networks
  • Locations
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