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UAE Free Zones
The Free Trade Zones have been set up with the specific purpose of facilitating investment.The procedures for investing in the zones are relatively simple.
The companies operating in the Free Zones are treated as being offshore, or outside the UAE for legal purposes.
The free zones are suitable for companies intending to use UAE as a regional manufacturing or distribution base, with the bulk of their business outside the UAE.
Free Zone Incentives:
- 100% Foreign company ownership
- 100% Repatriation of capital and profits
- 100% Corporate, Personal Income Tax exemptions
- On-site customers inspection
- Companies at Free Zone can operate 24 hours a day
- Exemption from all import and export duties
- Abundant and inexpensive energy
- Inexpensive workforce and easy recruitment procedures
- ’One-stop-shop’ Administration services
Free Zone Limitations:
- A Free Zone Company is not allowed to trade directly with the UAE market. The Free Zone Company can undertake the local business only through the locally appointed distributors.
- Customs Duty 5% is applicable for the local business.
Licenses
Companies approved for operation in Free Trade Zones can apply for one of the following types of licenses; Industrial; Service; or National Industrial. These licenses are renewable annually. Trading licenses are granted to locally incorporated companies, and to companies incorporated outside the UAE. Trading licenses are also issued to Free Zone Establishments (FZE) and Free Zone Companies (FZCo’s)
Industrial licenses are issued to companies incorporated outside the UAE, FZE’s and FZCO’s.Service licenses are only granted to companies holding a UAE license.