Free Zones
The Jebel Ali Free Zone and Dubai Airport Free Zone have been set up with the specific purpose of facilitating investment. Accordingly, the procedures for investing in the zones are relatively simple.
While the free zones are designed to complement and contribute to Dubai's growth and development, their legal status is quite distinct. Companies operating there are treated as being offshore, or outside the UAE for legal purposes.
The option of setting up in the free zones is therefore most suitable for companies intending to use Dubai as a regional manufacturing or distribution base and where most or all of their turnover is going to be outside the UAE.
Free Zone Incentives
100% foreign ownership Exemption from all import duties 100% repatriation of capital and profits Freedom from corporate taxation, as applied thr
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Key free zones in Dubai
Dubai Aid and Humanitarian City: http://www.dubaiaidcity.ae Dubai Airport Free Zone:
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Licenses
Companies approved for operation in Jebel Ali Free Zone or Dubai Airport Free Zone, are granted one of the following types of licences: Trading; Industrial; Service; or National In
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Setting up a branch of a foreign company
Any company wishing to set up a project in the Free Zones must first complete a simple questionnaire. From the information provided, the Jebel Ali Free Zone Authority or Department
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Setting up a free zone Establishment
A Free Zone Establishment - or FZE - is an establishment formed and registered within the Free Zones and regulated solely by the Free Zone authorities. Such establishments
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Highlights
Sharjah sees 11% more tourists in H1
The UAE emirate of Sharja recorded an 11% increase in the number of tourist arrivals in the first half of this year, compared to the same period in 2009, according to the Sharjah Commerce and Tourism Development Authority (SCTDA). The majority of tourists (45%) entering Sharjah during the first half were from Europe, while 25% were from the GCC, 14% were from Asian countries, 11% were from other Arab countries, and the remaining 5% came from the Commonwealth, the US, Africa and the Pacific Region. The authority also said the emirate's 107 hotel establishments (41 hotels and 66 hotel apartments) reported a 70% hotel occupancy rate during the period.
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