Free Zones in the UAE - PKF International

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• 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
Free Zones in the UAE The Free Trade Zones (FTZs) of the UAE are a veritable opportunity for the country to showcase its development and special area approach. The UAE in the last decade has witnessed a quantum increase in industrial development and one of the most significant and remarkable achievements is the success of Free Zones. Free Trade Zones are established under a special Decree passed by the Ruler of the Emirate in which the Free Zone is created. To date the Free Zones have been successful in attracting a large number of foreign companies and foreign direct investment. The share of the Free Zones in non-oil exports has increased considerably along with the net exports from the Free Zones. The incentives offered by various Free Zones of the UAE are generally similar and include: 100% foreign ownership Full repatriation of capital and profits 100% tax exemption Extended leases Quick approval procedures Abundant and inexpensive energy An independent Free Zone Authority (FZA) governs each Free Zone, and is the agency responsible for issuing FTZ operating licenses and assisting companies with establishing their business in the FTZ. Investors can either register a new company in the form of a Free Zone Establishment (FZE)/Free Zone Company (FZCO) or simply establish a branch or representative office of their existing or parent company based within the UAE or abroad. An FZE is a limited liability establishment, incorporated in a Free Zone, owned by one natural or judicial person, whereas an FZCO is a limited liability company incorporated in a Free Zone by more than one shareholder, generally up to five. FZE/FZCO are governed by the rules and the regulations of the Free Zone in which they are established. There is a minimum capital requirement ranging from AED 50,000 to AED 1,000,000 depending upon the selected Free Zone. PKF - Free Zones in the UAE - Free Zones in the UAE 17
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 and 14: Introduction The United Arab Emirat
Page 15 and 16: Economy The UAE economy has been tr
Page 17 and 18: GDP (AED in billions) (Estd) 2005 2
Page 19 and 20: Jebel Ali Offshore The announcement
Page 21: Ras Al Khaimah Offshore Similar to
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
Page 83 and 84:
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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Free Zones in the UAE - PKF International

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