Menu
Dubai’s free zones, often known as free trade zones, are designated regions that grant international investors tax and customs advantages. In order to foster industrial expansion and attract international investments, free zones were developed. They are distinct entities not subject to UAE labour legislation. Free zone companies are governed by their own set of legislation, do not require a local sponsor for formation, and may be owned in their entirety by non-Emirati or GCC nationals.
Dubai provides investors with a plethora of free zones, each of which presents a distinct array of benefits that render it an exceptional investment prospect. The distinctions in the terms and benefits bestowed by each of these free zones have an impact on the organisation contingent upon its operations and the characteristics of its transactions and commerce. It is advisable for the investor to get professional guidance in order to determine the optimal zone for their business operations prior to commencing the establishment of their organisation. In addition to completing the registration procedures, our knowledgeable staff at Meddy Group of Companies can offer the essential guidance and support required during the business formation planning phase.
As one of the largest information and communication technology hubs in the Middle East, it was designated by Sheikh Mohammed bin Rashid Al Maktoum as an information technology Free Zone by the Government of Dubai in 1999. It is also a free economic zone and a strategic base for businesses, as it houses the Majid bin Mohammed Center for Creativity, which encourages entrepreneurship and technical innovation to accelerate the development of new start-up companies.
Dubai Silicon Oasis was founded in 2005 with the intention of fostering and advancing technology-based enterprises. The Dubai Silicon Oasis accommodates the Dubai Digital Park and the largest entrepreneurship hub in the Middle East, the Dubai Technology Entrepreneurship Center. From 72 countries, over 850 firms and 2,500 entrepreneurs call Dubai Silicon Oasis home.
The free zone located in Dubai World Central – Dubai South is an integral component of the newly constructed Al Maktoum Airport in Dubai. Despite its early inception, the free zone in Dubai World Central (Business Park) is attracting a significant number of investors on account of the perks and amenities it provides. DWC provides favourable and motivating investment benefits with regard to leasing facilities, conducting business operations, and licensing procedures.
Established in 1996, the Dubai Airport Free Zone (DAFZA) is among the free zones in the UAE experiencing the most rapid expansion. Approximately 1,800 businesses are operational and registered in the Dubai Airport Free Zone (DAFZA). The majority of these organisations are subsidiaries of foreign firms or are owned by foreign investors.
In 2004, Dubai International Financial Center (DIFC) was designated as the financial hub for the markets of South Asia, Africa, and the Middle East. A sizable corporate community, a tax-friendly structure, and a global regulatory and financial exchange system are all advantages of the DIFC. Hundreds of financial institutions, including individual investors and wealth funds, are located in this region. Additionally, residential areas, public green spaces, hotels, art galleries, and subsidiaries of multinational firms are situated inside its premises.
The centre is home to the most extensive financial ecosystem in the region, comprising over 2,000 actively registered enterprises. Residential apartments, hotels, public spaces, world-famous restaurants, residential apartments, and residential and cultural scenes are all present in DIFC.
DIFC serves as a conduit connecting the burgeoning markets of the area with the economies of Asia, Europe, and the Americas through Dubai.
DIFC, situated in the JLT region in central Dubai, is the inaugural free zone and international hub for commodity trading. People are equipped with the means to live, work, and prosper through DIFC. DMCC provides everything required to launch, expand, and develop a business. Seven times named “World’s Free Zone of the Year” by FDI magazine, DIFC is renowned for its remarkable real estate opportunities, innovative infrastructure, and world-class services. Additionally, it is home to a thriving community.
MeddyConsultancy copyright © 2023. All Rights Reserved.