Free-trade zones in Dubai, (FTZs) are special economic zones set up with the objective of offering tax concessions and customs duty benefits to expatriate investors. There are more than 30 Free Zones operating in Dubai. FTZs in Dubai and the UAE are governed pursuant to a special framework of rules and regulations. A Free Zone Authority offers business licenses to foreign-owned businesses. Each Free Zone is designed around one or more industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories. Most of the free zones in Dubai broadly offer trading, services, and industrial licenses to investors looking to set up their businesses.

Background

Free zones in Dubai are managed and operated by the relevant authority. For instance, the Jebel Ali Free Zone Authority in Dubai is responsible for managing, operating and supervising the Jebel Ali Free Zone, one of the largest seaport free zones in Dubai. It has a subsidized rate of 32 percent on the country's Foreign Direct Investment (FDI). As for other Free Zones in Dubai, the Dubai Multi Commodities Centre (DMCC) has 7,330 active registered companies (as per 2013), offers a retention rate of 94 percent, and estimates an application of over 200 companies every year.[1] the Dubai International Financial Centre (DIFC) is another jurisdiction demonstrating the growth of expansion. It contributes 12 percent to the GDP of Dubai and has an estimated a growth rate of 27 percent (as per 2015).[2] The authorities speculate that the region will triple in size by 2024.[3] Others include the Dubai Airport Freezone (DAFZA; the Dubai internet City; and the Dubai Media city.[4] In April 2021 Dubai CommerCity launched, a free zone dedicated to e-Commerce.[5] The International Free Zone Authority (IFZA) is one of the most cost-effective and fastest-growing free trade zone in Dubai.[6] This freezone was founded in Fujairah Emirate and has moved to Dubai Silicon Oasis (DSO), Dubai.[7]Meydan Free Zone is the one of the most thriving commercial free zones in the UAE and offers over 1500 activities under their various activity groups. Out of all Free Zones, Meydan Free Zone is the one of the most thriving commercial free zones in the UAE and offers over 1500 activities under their various activity groups.

List

There are more than 20 Free Zones operating in Dubai, which include the following:

See also

References

  1. ↑ Sambidge, Andy. "Dubai's DMCC becomes UAE's largest free zone". Arabian Business. Retrieved 21 September 2013.
  2. ↑ Deulgaonkar, Parag (4 February 2014). "12% of Dubai GDP from DIFC". Emirates 247.
  3. ↑ "Dubai International Financial Centre Set to Triple in Size by 2024, as Part of Centre's Newly Announced 2024 Strategy". Dubai International Financial Centre. Retrieved 10 June 2015.
  4. ↑ "Dubai Free Zone Development and Bids to Attract Foreign Investors". Business Link UAE. 18 April 2019. Retrieved 18 April 2019.
  5. ↑ Nagraj, Aarti (19 April 2021). "E-commerce freezone Dubai CommerCity opens new facilities as part of first phase launch". Gulf Business.
  6. ↑ "IFZA - The cheapest Freezone in Dubai". aurionuae - Blog. 1 November 2022.
  7. ↑ "IFZA Free Zone". aurionuae. 2 May 2019.
  8. ↑ "Dubai Airport Freezone | Business Setup In Dubai | Leading Freezone In UAE | DAFZ". Free Zones in Dubai, Dubai Airport Freezone, UAE Tax Free Zone | DAFZ. Retrieved 30 December 2023.
  9. ↑ "Dubai CommerCity - E-commerce Business Setup & Free Zone". Dubai CommerCity. Retrieved 30 December 2023.
  10. ↑ "Design, Art & Fashion Hub in Dubai". Dubai Design District. Retrieved 30 December 2023.
  11. ↑ "Home". Gold & Diamond Park. Retrieved 30 December 2023.
  12. ↑ Regulatory, Dubai Healthcare. "Dubai Healthcare City Authority - Regulation". www.dhcc.ae. Retrieved 30 December 2023.
  13. ↑ "Education Hub in MENA". Dubai International Academic City. Retrieved 30 December 2023.
  14. ↑ "Innovation & Technology Hub in Dubai". Dubai Internet City. Retrieved 30 December 2023.
  15. ↑ "DIFC | Leading Financial Hub in the MEASA Region". www.difc.ae. Retrieved 30 December 2023.
  16. ↑ "Human Resources Hub in Dubai". Dubai Knowledge Park. Retrieved 30 December 2023.
  17. ↑ "Home". Dubai Maritime City. Retrieved 30 December 2023.
  18. ↑ "Media Hub | Freezone Company Setup". Dubai Media City. Retrieved 30 December 2023.
  19. ↑ "World's premier business destination | DMCC". dmcc.ae. Retrieved 30 December 2023.
  20. ↑ "Leading Media Production Zone". Dubai Production City. Retrieved 30 December 2023.
  21. ↑ "Biotechnology, Research, Life Sciences". Dubai Science Park. Retrieved 30 December 2023.
  22. ↑ "DSO". DSO. Retrieved 30 December 2023.
  23. ↑ "Global Production & Broadcasting Hub". Dubai Studio City. Retrieved 30 December 2023.
  24. ↑ "Dubai South is Dubai's largest single urban master development focusing on Logistics, Commercial, Residential, and Aviation". rgscpcw-440990-cd.azurewebsites.net. Retrieved 30 December 2023.
  25. ↑ "Home". Capital International Group. Retrieved 30 December 2023.
  26. ↑ "Home". 9 February 2021.
  27. ↑ "International Humanitarian City". Retrieved 30 December 2023.
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