19 Jan Doing business in Dubai: Free zones
Set up a trading company in a free zone may be an attractive option for foreign investors and businesses. The Free Zones help stimulate the economy by attracting direct foreign investment, creating jobs, increasing non-oil exports, encouraging the set up of new businesses by attracting knowledge, expertise and technology to the country.
Main characteristics of the Free Zones:
- 100% foreign ownership
- 100% customs duty exemption on imports and exports
- 100% repatriation of capital and profits
- No corporate tax or personal income tax guaranteed from 15 to 50 years, depending
on the area - No restrictions on the employment of employees
At the moment there are various Free Zones in Dubai, however, more are expected.
The main ones are:
- Dubai Airport Free Zone
- Dubai Cars and Automotive Zone (DUCAMZ) o Dubai Auto Zone
- Dubai Design District – D3
- Dubai Healthcare City
- Dubai International Academic City
- Dubai Internet City
- Dubai International Financial Centre
- Dubai Knowledge Village
- Dubai Media City
- Dubai Gold and Diamond Park
- Dubai Multi Commodities Centre (DMCC)
- Dubai Silicon Oasis (DSO)
- International Media Production Zone
- Jebel Ali Free Zone
- JLT Free Zone
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