Doing Business in UAE - Morison Menon
Doing Business in UAE - Morison Menon
Doing Business in UAE - Morison Menon
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Do<strong>in</strong>g</strong> <strong>Bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>UAE</strong> and <strong>UAE</strong> Free Trade Zones 4th Edition 2006<br />
FREE TRADE ZONES IN <strong>UAE</strong><br />
The <strong>UAE</strong>, be<strong>in</strong>g considered as the home of free trade zones <strong>in</strong> the Middle East, is a model country to<br />
show how it could achieve the current enviable economic benefits by establish<strong>in</strong>g number of Free Trade<br />
Zones. The country’s economic <strong>in</strong>dexes show the <strong>in</strong>dustrial upsw<strong>in</strong>g due to its flourish<strong>in</strong>g Free Zones. The<br />
Free Zones <strong>in</strong> <strong>UAE</strong> could generate abundant employment opportunities, massive direct foreign <strong>in</strong>vestment,<br />
caused to develop various <strong>in</strong>frastructures etc. Free Trade Zones offer various <strong>in</strong>centives to <strong>in</strong>vestors, such<br />
as:<br />
• Exemption from all taxes and duties levied on<br />
profits or production<br />
• No restrictions on profit transfer or capital<br />
repatriation<br />
• No customs duties<br />
• Attractive work<strong>in</strong>g environment<br />
• Exemption from corporate, withhold<strong>in</strong>g and<br />
<strong>in</strong>heritance taxes<br />
Currently there are 36 Free Trade Zones (Exist<strong>in</strong>g & Proposed) <strong>in</strong> <strong>UAE</strong> viz..<br />
Jebel Ali Free Zone (JAFZA)<br />
Dubai Gold and Diamond Park<br />
Dubai Maritime City<br />
Dubai Aid City<br />
Techno Park<br />
Dubai Airport Free Zone<br />
Dubai Silicon Oasis<br />
Dubai Flower Centre<br />
Dubai Logistics City<br />
Dubai Internet City<br />
Dubai Media City<br />
Dubai Knowledge Village<br />
Dubai Outsource Zone<br />
Dubai Biotechnology and Research Park<br />
Dubai Studio City<br />
International Media Production Zone<br />
Dubai Healthcare City<br />
Dubai International F<strong>in</strong>ancial Centre<br />
Dubai Multi Commodity Exchange<br />
Dubai Textile City<br />
Dubai Carpet Free Zone<br />
Dubai Auto Parts City<br />
Heavy Equipment and Trucks Zone<br />
Dubai Build<strong>in</strong>g Materials Zone<br />
Dubai Cars and Automotive Zone<br />
Sharjah Airport International Free Zone (SAIF-Zone)<br />
Hamriyah Free Zone<br />
Ajman Free Zone<br />
Ahmed B<strong>in</strong> Rashid Free Zone (Umm Al Quiwa<strong>in</strong>)<br />
Ras Al Khaimah Free Zone (RAK Free Zone )<br />
Fujairah Free Zone<br />
Dubai Design Centre (TCO)<br />
Dubai Auto Zone (TCO)<br />
Dubai Energy City (Dubai Hold<strong>in</strong>gs)<br />
Industrial City of AbuDhabi (HCSEZ)<br />
Dubai Academic City( Dubai Hold<strong>in</strong>g)<br />
64<br />
• No personal <strong>in</strong>come tax<br />
• No currency restriction<br />
• No recruitment restriction<br />
• Modern efficient communication system<br />
• State-of-the-art <strong>in</strong>frastructure<br />
• Abundant Energy<br />
The Corporate Office (TCO)<br />
Dubai Technology and Media Free Zone<br />
Authority / Dubai Hold<strong>in</strong>gs<br />
[Covered <strong>in</strong> Part 2]<br />
[Covered <strong>in</strong> Part 2]<br />
Al Awir Free Zones<br />
Sharjah Free Zones<br />
Upcom<strong>in</strong>g Free Zones<br />
M o r i s o n M e n o n
Change language