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Free zones in Dubai are managed and operated by the relevant authority. For instance, the Jebel Ali Free Zone Authority in Dubai is responsible for managing, operating and supervising the Jebel Ali Free Zone, one of the largest seaport free zones in Dubai. It has a subsidized rate of 32 percent on the country's Foreign Direct Investment (FDI).
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
The Ras Al Khaimah Free Trade Zone Authority also has promotion centers in Dubai and Abu Dhabi. Dubai. The RAK FTZ Promotion Centre in Dubai is located in the Boulevard Plaza Tower 2 on Sheikh Zayed Road. Abu Dhabi. RAK FTZ also has a promotion center at Abu Dhabi Mall (Abu Dhabi). The office is located on the first floor of the West Tower.
Some of the benefits of setting up business in UAE Free Zones are: No Corporate Tax, 100% exemption [18] provided that business done between the free zone company and any mainland companies are under 375,000 AED a year. [19] 100% ownership of business; Bank accounts can be opened in a business's name; Reasonable renewal fees
The establishment of designated freezones in the United Arab Emirates (UAE) traces its roots to the nation's strategic vision for economic diversification.In the late 20th century, recognizing the need to reduce reliance on oil revenue, the UAE embarked on a deliberate initiative to create economic zones that would attract foreign investment, promote international trade, and foster innovation.
The Dubai Development Authority (DDA) (Arabic: سلطة دبي للتطوير), formally known as the Dubai Creative Clusters Authority and Dubai Technology and Media Free Zone Authority, [1] [2] is a Dubai government authority that oversees the development, control, municipal, economic, and immigration functions across select free zone clusters and other communities by various master ...
The official portal of the UAE Government is https://u.ae/ (old URL: www.government.ae). It is part of the federal eGovernment program and a major milestone in the process of eTransformation in the UAE. This portal brings all eServices provided by the UAE federal and local government bodies under one umbrella.
Ajman Free Zone (AFZA) (Arabic: منطقة عجمان الحرة) is a free trade zone and one of the designated freezones located in Ajman, United Arab Emirates (UAE).First established in 1988, it is one of a number of unbonded free zones in the UAE offering offshore company setup and operation to investors.