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Free-trade zones in Dubai, (FTZs) are special economic zones set up with the objective of offering tax concessions and customs duty benefits to expatriate investors. There are 26 Free Zones operating in Dubai. FTZs in Dubai and the UAE are governed pursuant to a special framework of rules and regulations. A Free Zone Authority offers business ...
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise; 100% import and export tax exemptions
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 ...
The free zone provides a tax-free environment, 100% foreign ownership, fast-track visas, freedom to source labour and materials globally, and ongoing business support services. [1] RAK FTZ provides these incentives at lower cost than free zones in other emirates. [2] [3] RAK FTZ was established in May 2000 by an Emiri Decree.
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.
Umm Al Quwain Free Trade Zone is a developed Free Zone in Umm Al Quwain which is known for its desert landscape and unique flora and fauna. [3] [4] [5] UAQ FTZ is situated close to the UAE’s primary sea ports and in close proximity to Dubai International Airport and Sharjah International Airport. It has direct access to UAQ port. [6] [7] [1] [8]
Other laws of the UAE or the Emirate of Dubai, such as criminal law and immigration regulations, continue to apply within the DIFC. The DIFC-LCIA Arbitration Centre is an independent center of international arbitration that uses rules modeled on those of London Court of International Arbitration .