Dubai Freezones
Dubai was the first emirate to pioneer the free zone model, offering foreign businesses attractive concessions and a number of investment incentives, including 100 percent ownership of a subsidiary and zero taxation. There are currently 22 free zones in operation, developed for specific sectors and industries including ICT, media, finance, gold and jewellery and health care. Jebel Ali Free Zone is now one of the world’s largest free zones allowing for 100 percent foreign ownership with no recruitment or sponsorship restraints. There is full corporate tax and customs duty exemption on imported raw materials and equipment, with no levy on exports and imports.
22 Different zones that fall under 10 categories:
Industrial
Aviation
Logistics
Education
Media
Commodities
IT
Humanitarian
Financial
Other
Free Zones offer:
100% foreign ownership
100% repatriation of capital and profits
No corporate tax for 50 years
No personal income tax
No currency restrictions
Streamlined and quick company set-up
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