Often asked: What Is A Free Zone In Dubai?

Free-trade zone in Dubai, (FTZs) are special economic zones set up with the objective of offering tax concessions and customs duty benefits to expatriate investors. Most of the free zones in Dubai broadly offer trading, services, and industrial licenses to investors looking to set up their businesses.

What is meant by free zone in UAE?

What is a free zone? Free zones are geographically demarcated areas within the UAE (even if most of them are not fenced or gated) permitting 100% foreign ownership and are in most cases, dedicated to a specific industry.

How do Dubai free zones work?

Essentially, free zones or free trade zones in Dubai are business zones where companies operating in them are exempt from all types taxation such as Value Added Tax (VAT), Income Tax, Corporate Tax and Customs. Business owners in the free zone areas in Dubai have 100% ownership of the business.

What is meant by free zone?

: an area within which goods may be received and stored without payment of duty.

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What is the meaning of free zone visa in Dubai?

Free zone areas in the UAE provide several exclusive advantages to SMEs, large corporations and professionals alike. These free trade zones are completely (or mostly) free from all types of taxes and provide 100% ownership to foreign company owners.

What is the cheapest Freezone in UAE?

Ajman Media City is the cheapest free zone in UAE. This freezone offers investors a range of business activities and business license types at the lowest cost.

What are the benefits of a free zone?

Free Zone Benefits and Costs

  • 100% foreign ownership.
  • 100% repatriation of capital and profits.
  • 100% import and export tax exemption.
  • 100% exemption from income and corporate taxes.

How do free zones work?

A free trade zone is a geographical area within a country and can be designated or located anywhere within a country. Equally, a company could move their production facilities to another country and import the resulting goods to the free zone without paying customs duties or tax.

Is Dubai Investment Park a free zone?

Even though DIP is not a free zone, it offers many advantages. If you want to incorporate a company in the complex, you can avail the following benefits: Ownership, taxation, repatriation benefits.

Is Dubai Marina a free zone?

Dubai Marina is the most popular freehold area in Dubai. Dubai’s freehold areas are locations where non-GCC nationals can own properties.

Which is the best free zone in UAE?

List of best free zones in the UAE:

  • Jebel Ali Free Zone Authority (JAFZA)
  • Dubai Multi Commodities Centre (DMCC)
  • International Free Zone Authority (IFZA)
  • Fujairah Creative City Free Zone.
  • Sharjah Media City Free Zone (Shams)
  • Sharjah Publishing City Free Zone (SPCFZ)
  • Ras Al Khaimah Economic Zone (RAKEZ)
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What is custom free zone?

‘Free zones’ are enclosed areas within the customs territory of the Union where non-Union goods can be introduced free of import duty, other charges (i.e. taxes) and commercial policy measures.

How much is free zone visa in Dubai?

The visa application fee is AED 4,670. This includes the visa fee, typing fees, medical test, residence visa stamping, and Emirates ID card. An additional fee of AED 920 is due if the visa applicant is in the UAE.

How long is free zone visa?

Free zone visas can be obtained from the Immigration Department (not the Ministry of Labour), and are valid for three years. After this time, you’ll need to renew the visa, in order to continue living and working in the country.

How much is family visa in Dubai?

The visa will cost AED100 for first time issuing and renewal. To avail this service, parents must present duly attested graduation certificates from universities or schools, whether inside the country or abroad.

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