Free-trade zones in the United Arab Emirates are areas that have a special tax, customs and imports regime and are governed by their own framework of regulations (with the exception of UAE criminal law). The UAE has several free zones across Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al Khaimah and Um Al Quwain. Free zones in the UAE (sometimes called a free economic zone, duty free zone, tax free zone, trade free zone or free trade zone) allow 100% foreign ownership. Each free zone has its own specific requirements regarding minimum office or warehouse space, and permitted activities. Companies outside the free zones require a local (Emirati) sponsor and allow maximum 49% foreign ownership.
Did you know that UAE is home to more than 40 Free zones? Most of these free zones are located in Dubai. Free zones are designed for boosting international business by providing complete ownership to the foreign investors. Free zones in Dubai are managed and operated by free zone authority. These free zones operate outside the federal Law or Laws of Ministry of Labor. A free zone offers 100 % corporate and personal income tax benefit.
Most of the free zones in Dubai broadly offer trading, service, industrial, national industrial, and branch licenses to investors looking to set up their businesses. In UAE free zones are either attached to a port or industry specific. In free zones you can set up different types of companies based on your requirements.