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Last activity 10 December 2020 by SaadMir

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jerome uzo

free zone in Dubai, what does it mean?

GuestPoster0341

jerome uzo wrote:

free zone in Dubai, what does it mean?


Free zones (sometimes called a free economic zone, duty free zone, tax free zone, trade free zone or free trade zone) in the UAE allow 100% foreign ownership and have no taxes - usually guaranteed for 15 or 50 years. Each free zone has its own specific requirements regarding minimum office/warehouse space and permitted activities. Companies outside the free zones require a local sponsor and allow maximum 49% foreign ownership.

http://www.hmlc.ae/faq.html#free_zonehttp://www.uaefreezones.com/http://www.dubaifaqs.com/free-zones-uae.php

Saud1979

SonnyCrockett wrote:
jerome uzo wrote:

free zone in Dubai, what does it mean?


Free zones (sometimes called a free economic zone, duty free zone, tax free zone, trade free zone or free trade zone) in the UAE allow 100% foreign ownership and have no taxes - usually guaranteed for 15 or 50 years. Each free zone has its own specific requirements regarding minimum office/warehouse space and permitted activities. Companies outside the free zones require a local sponsor and allow maximum 49% foreign ownership.

http://www.hmlc.ae/faq.html#free_zonehttp://www.uaefreezones.com/http://www.dubaifaqs.com/free-zones-uae.php


Helpful ! Good stuff 'SonnyCrockett'..

capstarlogistics

Free Zones Areas like Jebel Ali in Dubai allows the international companies  to enjoy some industrial privileges who relocate there. Facilities like tax exemption, no import export duties, no currency barrier and labor hiring privileges etc.

anuprdm

Free zones (sometimes called a free economic zone, duty free zone, tax free zone, trade free zone or free trade zone) in the UAE allow 100% foreign ownership and have no taxes - usually guaranteed for 15 or 50 years. Each free zone has its own specific requirements regarding minimum office/warehouse space and permitted activities. Companies outside the free zones require a local sponsor and allow maximum 49% foreign ownership.
you are investor? you can feel free to enjoy your business inside free zone.
more details you can call me 0506912075, anwar

SaadMir

There are mainly 3 types of companies in UAE
Mianland
Free zone
Offshore

Free zone refers to some jurisdictions, like in mainland you can do trading/business in entire dubai with one local partner in your business, while free trade zone means you can only trade in defined free zone areas but the benefit is, free zone license is less expensive than mainland and also you are 100% owner of your company, while in Mainland your local partner will be owner of 51% of your company and you will be owner for only 49%.

See this for more information
https://www.companysetup.ae/freezone-company-setup/
https://en.wikipedia.org/wiki/Free_economic_zone
List of free economic zones

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