Choosing Free Zones Made Easy in UAE

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Information about Choosing Free Zones Made Easy in UAE
Business & Mgmt

Published on March 14, 2014

Author: danniealbert

Source: slideshare.net

Description

Are you confused on how to choose a free zone in UAE for your business. Read on to know the possibilities and criteria requirements to establish your business with good tax benefits, minimal procedure delays.

Why should you consider a free zone for your business? Advantages  Zero % income tax and capital gain tax  Zero % corporate tax for 50 years  Better working conditions  100% repatriation of capital and profits  100% ownership retention  Advanced communication systems  No staffing issues  No currency regulations

Facilities provided by the free zones  Availability of lands/spaces/buildings/depots/factory units/offices/ executive suites for lease  On-site housing facilities for staff  Reasonable cost of living  Air/sea/road transportation facilities  Abundant and cheap energy

Free zones on offer in the UAE  Dubai Airport Free Zone  RAK Free Trade Zone  Fujairah Creative City  Fujairah Free Zone  Dubai World Central Business Park  Sharjah Airport International Free Zone You can choose what your business makes you to!

Dubai Airport Free Zone Year of Establishment: 1996 Location: Dubai International Airport Industry suitability: Aviation, energy, logistics, freight, oil and petrochemicals, telecom, information technology, engineering, pharmaceuticals, food, jewellery and premium articles

Why choose the Dubai Airport Free Zone? Features: •Easy access to the airport apron as it is situated within the Dubai International Airport •Easy access to government services such as Immigration, Customs, Chamber of Commerce •Ensures efficient and fast cargo clearance services as it is close to Dubai Cargo Village •Easy access to logistics and freight forwarding companies as the freight terminal is close by •Availability of online services – Tas’heel Type of incorporation •As a foreign company branch •As a UAE company branch •As a Free Zone Company (FZC) •As a Free Zone Establishment (FZE)

RAK Free Trade Zone Year of Establishment: 2000 Location Ras Al Khaimah Industry suitability Manufacturing, processing, packaging, assembling, warehousing, distribution, logistics, import and export, cargo and freight forwarding, audition and accounting services

Why choose the RAK Free Trade Zone? Features: •Easy access to UAE and outside markets as it is strategically located •Benefit of developed infrastructure •Benefit of setting up offices at Abu Dhabi or Dubai •Benefit of extended lease term up to 15 years •Availability of cheap energy •Convenient categorization for easy selection ( Aviation park, Business park, Education park, Industrial park, Technology park) Type of incorporation •As a foreign company branch •As a UAE company •As a Free Zone Company (FZCO) •As a Free Zone Establishment (FZE)

Fujairah Creative City Year of Establishment: 2007 Location: Alongside new Fujairah-Dubai highway Industry suitability: Media & Marketing, Publishing, Event Management, Media Support Services, Film/ Production/ Post production, Audio & Visual, Music & Entertainment, IT, Design, Import and export, etc.

Why choose the Fujairah Creative City? Features: •Convenient zonal divisions into seven: Audio/Visual, Training, Theatrical arts, Design, Technology, Cinema, Publishing •Availability of production facilities •Easy e-registration •Exclusive space for local and international media businesses and freelancers Type of Incorporation •As a branch of a company minimum 2 years old •As a FZCO •As a FZE •As a freelancer

Fujairah Free Zone Year of establishment: 1987 Location: Fujairah, close to Fujairah port Industry suitability: Manufacturing, processing, packaging, assembling, distribution, warehousing, Import, Export, etc.

Why choose the Fujairah freezone? Features: •Advantage of land, air and sea access to neighbouring as well as international markets •Advantage of extended lease term up to 15 years •Availability of cheap energy •Advantage of developed infrastructure •Easy access to the UAE and outside markets because of its strategic location Type of Incorporation •As a foreign company branch •As a UAE company branch •As a Free Zone Company (FZCO) •As a Free Zone Establishment (FZE)

DWC Business Park Year of establishment: Recently Location: Dubai World Central, close to Jabel Ali Sea Port Industry suitability: Logistics, aviation, commercial, exhibition, residential and leisure- related businesses

Why choose the Dubai World central Business Park? Features: •Adjacent to Al Maktoum International Airport and Jebel Ali seaport •Equipped with the most up-to-date amenities and infrastructure •Flexible lease terms •Availability of trade licenses (both free zone and non-free zone)

Sharjah Airport International Free Zone Year of establishment: 1995 Location: Near Sharjah International Airport Industry suitability: Manufacturing, processing, distribution, warehousing, assembling, packaging, import, export, services, etc.

Why choose the Sharjah Airport International Free Zone? Features: Easy access to UAE and outside markets as it is strategically located •Advantage of seaports on both sides (east and west coast) •World’s first ISO certified Airport Free Zone •Benefit of developed infrastructure •Advantage of lease period extension up to 25 years •Benefit of multiple port access (Arabian Gulf & Indian Ocean ) •Availability of cheap energy Types of Incorporation •As a foreign company branch •As a UAE company branch •As a Free Zone Company (FZCO) •As a Free Zone Establishment (FZE)

Want to know more? Call us now! Worldwide Formations +971-4-304-2600 +971-4-372-1181 +971-4-372-1184 or drop an email to: ic@worldwideformations.com

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