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FTZs in Dubai and the UAE are governed pursuant to a special framework of rules and regulations. A Free Zone Authority offers business licenses to foreign-owned businesses. Each Free Zone is designed around one or more industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories.
It includes a thousand companies and is the only free zone where you can live and work. [3] In 2005, Dubai Silicon Oasis was appointed as an independent authority according to Decree No. 16, and that Dubai Silicon Oasis Authority (DSOA) has received its land spanning an area of 7.2 million square meters, to continue the establishment process of ...
Free zone companies can run business within the relevant zone or outside the UAE. Some free zones (including ADGM, JAFZA, DMCC, RAK FTZ) allow for inward re-domiciliation of foreign companies, which means a transfer of a corporate seat of an existing company from abroad to the UAE free zone.
Jebel Ali Free Zone (Jafza) is the flagship free zone of DP World, and is an integral part of DP World UAE's integrated business hub. Created under a Ruler's Decree, Jafza commenced operations in 1985 with 19 companies offering standard size office units and warehouses to provide ready-built facilities to customers. [ 1 ]
And while there were exceptions for free zones and modern housing developments, for the majority of the UAE, Etisalat held a monopoly on business and personal telecommunications services. In February 2006, this monopoly became a duopoly when a new telephone company and Internet service provider (ISP), du , was established to offer mobile ...
Last year, India’s central bank revealed a new framework for settling global trade in rupees — an idea that came into fruition last month, when India signed two agreements with the UAE.
The Dubai International Financial Centre (DIFC) is a special economic zone in Dubai covering 110 ha (272 acres), established in 2004 as a financial hub for companies operating throughout the Middle East, Africa, and South Asia (MEASA) markets.
In 2015, the DWTC Authority was established, making the district a free zone. [6] In 2016 the addition of the Za’abeel Halls saw a further15,500 square meters of event space. Simultaneously, phase 1 of One Central, a commercial development in DWTC, was completed, including Offices 1 with 14,197 square meters of leasable space for businesses ...