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Free-trade zones in the United Arab Emirates are areas that have a special tax, customs and import regime, and are governed by their own framework of regulations (with the exception of UAE criminal law).
One of the key attractions for businesses operating within designated freezones in the United Arab Emirates is the favourable tax environment. The UAE, known for its business-friendly policies, has implemented a tax regime in freezones that differs from the broader national taxation system. Designated freezones typically offer companies complete or substantial exemption from corporate and ...
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 26 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 ...
Ajman Free Zone ( AFZA) ( Arabic: منطقه عجمان الحره) is a free trade zone and one of the designated freezones located in Ajman, United Arab Emirates (UAE). First established in 1988, it is one of a number of unbonded free zones in the UAE offering offshore company setup and operation to investors. As of Q1 2018, 12,362 companies operated out of AFZA. [1]
The Jebel Ali Free Zone (Jafza) is a free zone and a community. Businesses in industries such as logistics, electronics & electrical, automotive, food and agriculture, e-commerce, petrochemicals, and many more are based in Jafza. Its proximity to Jebel Ali Port, Al Maktoum International Airport, and the Expo 2020 Dubai site has helped it carry ...
In special economic zones [1] [2] business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas or smaller allocated areas.
A free-trade zone ( FTZ) is a class of special economic zone. [1] [2] It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re- exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many ...
The Hamriyah Free Zone is a free zone place in the city of Sharjah in the United Arab Emirates. Established by an Emiri decree in November, 1995, the Free Zone is 24 square kilometers in size and has a 14 meter deep port and 7 meter deep inner harbor. [1] [2] It is considered the second-largest free-trade zone in the UAE after Jebel Ali Free ...