In the city of Dubai, United Arab Emirates (UAE), there is a designated region known as the Dubai Free Zone where organizations are permitted to operate with 100% foreign ownership and can take advantage of certain tax breaks and other perks.
There are over 30 free zones in Dubai, each of which caters to a specific industry like technology, media, healthcare, logistics, or finance. Among of the city’s well-known free zones are Dubai Multi Commodities Centre (DMCC), Dubai Airport Free Zone (DAFZA), Dubai Silicon Oasis (DSO), Dubai Internet City (DIC), Dubai Media City (DMC), and Dubai Healthcare City (DHCC).
Customs duties and individual income taxes do not apply to businesses operating in free zones. Additionally, they gain access to top-notch infrastructure and facilities, 100% repatriation of capital and profits, and no currency restrictions.
Companies must register with the appropriate free zone authorities and get a license before they may establish a store in the Dubai Free Zone. The procedure normally entails submitting necessary paperwork, including copies of passports, company plans, and financial records, as well as paying the required costs.
Overall, due to its advantageous location, business-friendly atmosphere, and alluring incentives, Dubai FreeZone is a well-liked choice for foreign businesses wishing to establish operations in the Middle East and North Africa (MENA) area.
