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Free Zones in the UAE - PKF International

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• Worker accommodation ( as per availability)<br />

• The facilities could be leased for 15 years.<br />

• Central gas distribution system<br />

• Type of company activities <strong>in</strong>clude gold and diamond trad<strong>in</strong>g, design<strong>in</strong>g,<br />

manufactur<strong>in</strong>g and craft<strong>in</strong>g of gold and diamond jewellery, etc.<br />

Form of registration<br />

• As a branch of a foreign company - no m<strong>in</strong>imum capital required.<br />

• As a branch of a <strong>UAE</strong> company - no m<strong>in</strong>imum capital required.<br />

• As a <strong>Free</strong> Zone Company (FZCO) - m<strong>in</strong>imum share capital AED 100,000.<br />

Facility, costs and type of license<br />

Facility Size Cost <strong>in</strong> AED per annum<br />

Retail outlets No space restriction Rate decided by <strong>the</strong> management<br />

Pre-built manufactur<strong>in</strong>g/office units 310 sq.ft -1200 sq.ft 100 - 200 per sq.ft approx<br />

Registration Fee - None<br />

Type of License Cost <strong>in</strong> AED per annum<br />

Manufactur<strong>in</strong>g 5,500<br />

Trad<strong>in</strong>g 5,500<br />

• These figures are <strong>in</strong>dicative and subject to change.<br />

TECHNOPARK (TP)<br />

TechnoPark (TP) is a fully owned subsidiary of Economic <strong>Zones</strong> World; which is a<br />

part of <strong>the</strong> government owned organisation that developed <strong>the</strong> Jebel Ali <strong>Free</strong> Zone and<br />

<strong>in</strong>ternationally renowned DP World. It was established accord<strong>in</strong>g to Law No. 1 of 2003<br />

issued by H.H. <strong>the</strong> Ruler’s Court and designed to be <strong>the</strong> lead<strong>in</strong>g local economic zone<br />

<strong>in</strong> <strong>the</strong> Middle Eastern Region. TP aims at develop<strong>in</strong>g a knowledge-based technologycentric<br />

susta<strong>in</strong>able bus<strong>in</strong>ess hub, which will not only support <strong>the</strong> country’s research<br />

and development needs <strong>in</strong> its core sectors but will also support <strong>the</strong> nation’s long term<br />

economic development and growth. TP is about 3 miles from <strong>the</strong> Jebel Ali Airport and<br />

offers high tech <strong>in</strong>dustries, with special attention to Desal<strong>in</strong>ation, Oil and Gas, a chance<br />

to establish <strong>the</strong>mselves <strong>in</strong> a state-of-<strong>the</strong>-art facility.<br />

<strong>PKF</strong> - <strong>Free</strong> <strong>Zones</strong> <strong>in</strong> <strong>the</strong> <strong>UAE</strong> - <strong>Free</strong> <strong>Zones</strong> <strong>in</strong> Dubai 25

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