Free Zones in the UAE - PKF International

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8 PKF - Free Zones in the UAE - Introduction
Economy The UAE economy has been transformed from a subsistence economy to one of the most prosperous and highly advanced societies in the world. The economy experienced a sudden explosion in GDP in the 1970s and 1980s due to rising oil prices and adverse conditions in the oil market. The government has adopted a policy of controlled diversification, which led to the rise of non-oil sectors and most importantly trade. A combination of diversification and financial reserves has given the UAE economy considerable resilience, which is reflected in the economy. New corporate, stock market and banking legislation, review of laws and development of additional legislative framework are under review. The government is constantly aiming at promoting efficiency and transparency which will further boost the economic development in the UAE. Petroleum dominates the economy of the UAE. At one time an underdeveloped area, by 1985 the region had the highest per capita income in the world. The immense wealth has been invested in capital improvements and social services in all seven of the Emirates. Petroleum production is centered in Abu Dhabi and Dubai. Industrial development is essentially petroleum related and is limited by a lack of trained personnel and raw materials. The country is on the threshold of a new era involving a booming economy and fast paced modernisation. Dubai is seeking long term investments as the Emirate’s regional status opens huge opportunities for multinationals interested in the region’s markets and its neighbouring areas. The retail sector is expected to boom in the next five years due to booming population and increased consumer demands. Tourism, commercial, residential and population growth in the UAE coupled with the expanding road network infrastructure will increase the total size of the retail sector. PKF - Free Zones in the UAE - Economy 9
Page 1 and 2: Accountants & business advisers Fre
Page 3 and 4: Free Zones in the United Arab Emira
Page 5 and 6: Contents Preface 1 PKF in the UAE 3
Page 7 and 8: Preface The globalisation of trade
Page 9 and 10: PKF in the UAE PKF UAE is a member
Page 11 and 12: JEBEL ALI FREE ZONE Lease Office Bu
Page 13: Introduction The United Arab Emirat
Page 17 and 18: GDP (AED in billions) (Estd) 2005 2
Page 19 and 20: Jebel Ali Offshore The announcement
Page 21 and 22: Ras Al Khaimah Offshore Similar to
Page 23 and 24: Free Zones in the UAE The Free Trad
Page 25 and 26: Given hereunder are the various Fre
Page 27 and 28: FREE ZONES IN DUBAI PKF - Free Zone
Page 29 and 30: Types of Licenses Cost in AED per a
Page 31 and 32: • Worker accommodation ( as per a
Page 33 and 34: Facility costs and type of license
Page 35 and 36: The DMC is fully supported by the G
Page 37 and 38: with excellent networking opportuni
Page 39 and 40: e considerably reduced, as they can
Page 41 and 42: Facility costs and type of licenses
Page 43 and 44: Form of registration As a branch of
Page 45 and 46: ENERGY AND ENVIRONMENT PARK (Enpark
Page 47 and 48: The park will be built in several p
Page 53 and 54: Type of License Cost in AED per ann
Page 55 and 56: • Online customer service (e-Serv
Page 59 and 60: Office Min 50 sq.mts 2,300 per sq.m
Page 61 and 62: • Dealing with an individual clie
Page 63 and 64: community and relocating to new fac
Page 65 and 66:
or custom designed facilities for d
Page 67 and 68:
• Tap into the creative and innov
Page 69 and 70:
FREE ZONES IN SHARJAH AND THE NORTH
Page 71 and 72:
Land Min. 2500 sq.mts 50 - 100 per
Page 73 and 74:
Features • Economical wage struct
Page 75 and 76:
Flexi Desk Varies 15,000 Virtual Of
Page 77 and 78:
Forms of registration • Branch (p
Page 79 and 80:
The Al Hamra Development, located a
Page 81 and 82:
including teleport facilities for u
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FREE ZONES IN ABU DHABI PKF - Free
Page 85 and 86:
The creation of ADAFZ is driven by
Page 87 and 88:
comprehensive range of media discip
Page 89 and 90:
About PKF PKF International PKF Int
Page 91 and 92:
PKF International AFRICA Angola, Ca
Page 93 and 94:
PKF UAE Publications As part of the
Page 95 and 96:
ANNEXURE A Useful Contact Numbers P
Page 97 and 98:
ANNEXURE B List of UAE Tax Treaties
Page 99 and 100:
• The Government of The People’
Page 101 and 102:
Notes PKF - Free Zones in the UAE -
Page 103:
Although the greatest possible care
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