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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).
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 ...
Each Free Zone is designed around one or more industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories. Most of the free zones in Dubai broadly offer trading, services, and industrial licenses to investors looking to set up their businesses.
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 ...
The economy is the second largest in the Arab world (after Saudi Arabia ), with a gross domestic product (GDP) of US$ 570 billion ( DH 2.1 trillion) in 2014. Though, United Arab Emirates has been successfully diversifying its economy, [1] the country remains extremely reliant on oil. With the exception of Dubai, most of the UAE is dependent on oil revenues. Petroleum and natural gas continue ...
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.
Astromar Freezone - Astromar Free Trade Zone in India is one of the fastest growing and most cost-effective Free Trade Warehousing Zone in India. Our facility near Chennai's sea gateways is dedicated to facilitating Foreign Trade and Warehousing Zone (FTWZ).Our Astromar Free Trade Warehousing Zone (FTWZ) in India boasts top-notch warehouses and cutting-edge material handling equipment, Explore ...
These two factors in combination allowed the company to maintain high levels of free cash flow, which it has used to buy back stock, pay big dividends, and reinvest in new product categories.