tell me pls

jerome uzo · 2013-06-18T07:59:48+02:00

Discover what a free zone in Dubai means for everyday life, including benefits, types, and how it affects residents and businesses.

jerome uzo New member

Member since 18 June 2013

jerome uzoNew member18 June 2013 05:59:48

free zone in Dubai, what does it mean?

GuestPoster0341 Guest

GuestPoster0341Guest18 June 2013 07:10:25

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.

Saud1979 Contributor

Member since 18 December 2011

Saud1979Contributor18 June 2013 21:37:22

154

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.

Helpful ! Good stuff 'SonnyCrockett'..

capstarlogistics Member

Member since 07 July 2014

capstarlogisticsMember11 July 2014 08:59:59

Free Zones Areas like Jebel Ali in Dubai allows the international companies聽 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 Member

Member since 02 September 2013

anuprdmMember22 July 2014 11:01:13

SaadMir Member

Member since 24 February 2020

SaadMirMember10 December 2020 06:49:36

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