How many free zones are there in United Arab Emirates ?

How many free zones are there in United Arab Emirates ?

here are more than 40 free zones in the United Arab Emirates (UAE). Free zones are special economic areas in the UAE that offer tax-free and regulatory-free environments for businesses. Companies operating in free zones are required to have 100% foreign ownership and are not subject to the 51% UAE national ownership requirement that applies to limited liability companies (LLCs).

Free zones are popular with foreign investors because they offer a range of benefits, including:

  • Tax-free environment: Companies operating in free zones are generally exempt from corporate income tax, value-added tax (VAT), and personal income tax.
  • Regulatory-free environment: Free zones have their own set of rules and regulations, which may be less burdensome than those that apply in the rest of the UAE.
  • Ease of set-up: Free zones typically have streamlined processes for business registration and operation.
  • Access to international markets: Many free zones are located near ports or airports, which makes it easy for companies to access international markets.

There are free zones in a variety of sectors, including finance, technology, and healthcare. Some of the most well-known free zones in the UAE include the Dubai International Financial Centre (DIFC), the Abu Dhabi Global Market (ADGM), and the Dubai Multi Commodities Centre (DMCC).

Overall, free zones can be an attractive option for foreign investors looking to do business in the UAE. They offer a range of benefits, including a tax-free and regulatory-free environment, and they are well-suited for businesses in a variety of sectors.