Free Zones in the UAE - PKF International

• Hold shareholders and directors meeting within the UAE
• Carry out International Trading
International companies are not allowed to:
• Carry on business with persons resident in the UAE
• Carry on a banking business
• Carry on business as an insurance or re-insurance company, insurance agents or
insurance brokers
• Carry on any other business which may, by regulations be prohibited by the
authorities
Conclusion
In short to attract investments of expertise and capital, the governments of the individual
Emirates seek to provide an attractive business environment. The following are some of
the principle features of the economic and business environment in the UAE:
A virtual absence of taxation.
• Excellent communications systems.
• A well-structured financial sector with no exchange control regulations.
• A coordinated infrastructure that provides all essential utilities to the major centers.
• Free Trade Zones that ensure ease of registration and efficient operating facilities.
• An attractive social environment, including modern educational, medical and
recreational facilities.
• Liberation of property ownership, which is one of the factors contributing to the UAE’s
booming property market.
The Government’s far-sighted planning and fast execution of projects have led to the
most phenomenal development in the second half of the last century - the rise of a city,
the emergence of a new economy.
16 PKF - Free Zones in the UAE - Ras Al Khaimah Offshore