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Posts Tagged ‘freezones dubai’

Dubai-Airport-Freezone-DAFZAQ. What is a free zone? Why do some companies opt to set up their business in free zones?

A. In general, a free zone or free trade zone may be described as a portion of a city or a clearly designated area in a country apportioned for business activities such as the receipt and storage of goods without any import duties, and where commercial/industrial operations may be carried on and certain taxes or restrictions on business or trade do not apply.

What makes free trade zones attractive for business is the tax exemption they offer; and, especially in the UAE where regular companies are required to have a UAE national sponsor, the fact that businessmen get to enjoy 100% ownership and control of their business. Read more

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