There are more than 37 free zones in the United Arab Emirates and more are expected to come up. Most of them are fully established zones and leading business hubs. The first Free Zone formed in Jabel Ali –Dubai in 1985. Many have established their offices, factories or warehouses and invested millions which in turn had given them huge returns form UAE free zones. That is precisely the reason why even many foreign investors are being attracted to the UAE Free Zones. To-day it can be found that thousands of companies are registered in UAE Free Zones, many of them are major brands, operate under the UAE free Zones Authority.
Advantage of Free Zone Company:
- 100% ownership
- 100% tax exemptions (import and export)
- 100% repatriation of capital and profits
- No income tax
- No corporate tax for 15 years
- Pre-built offices and factories
- Free Transfer of funds
- Low operational cost
- State of the art infrastructure
- No currency restrictions
- No restriction on hiring foreign employees
- Purpose built infrastructure
- Single Window Clearances
- Regulated environment
- License can be issued within 24 hours
- Global and regional communications with excellent air, land and sea links