Dubai Free Zone is the Best Way to Encourage Foreigners and Businesses
Dubai is the name of lifestyle, holiday destination and opportunities. All those outsiders and foreigners who dream of running their own business can actually fulfil their dream via Free zones in Dubai.
The Dubai Free Zones were initially started to give confidence and to cheer foreign businesses and outlay. In the year 1985 the inaugural ceremony of Mr Jebel Ali Free Zone, which is shortly known as JAFZ set the yardstick for rules regulations and incentives, he was proving so successful that the structure or the prototype has been replicated many times in city like Dubai and in other Emirates as well. What the Free Zones Dubai suggest are trade areas very well equipped with all the services, communication and facilities infrastructure essential to establish a corporate and facility the requirements of depositors.
Conventionally all businesses had to be retained and maintained at least fifty two per cent by a United Arab Emirates National, but any trades recorded or listed in Dubai Free Zone is permitted hundred per cent overseas (foreign) ownership. It’s also presented exemption from all the customs duties and taxes, in addition no levy on either import or export. Other transaction reimbursements include no limitations on employment or sponsorship. So many businesses, inaugurating an organization in one of the many Dubai’s Free Zones is an eye catching panorama, particularly as Dubai is such an important place, and suggests a free marketing atmosphere, political stability, and cutting edge infrastructure, policies which are free of taxes and charges and a booming economy.
Where One Can Find a Free Zone:In spite of being one of the best services/facility that one can avail in Dubai in order to promote trade globally and cheering foreigners still many people are unaware of Free zones companies in Dubai. There are presently 12 Free Zones in Dubai, and many more are expected in future, let’s have a list of those companies;• Dubai Gold & Diamond Park• Dubai Knowledge Village• Dubai Airport Free Zone Authority• Dubai International Financial Centre (DIFC)• Dubai Silicon Oasis• Dubai Internet City• Dubai Healthcare City• Dubai Logistics City• Dubai Sports City• Dubai Automobile Zone• Dubai Palm Island Development• Dubai Flower Centre• Dubai Metal & Commodity Centre• Dubai Textile City• Customs and Free Zone Corp• Dubai Aid City.
General Requirements:• The trader must have gotten a lawful/valid trader code number from the Customs.• Possessions must be in conventionality with the action of the certified corporation.• Properties must reach in the Dubai free zone just in seventy two hours from the day of the customs statement.
Many businesses communities are supporting and providing free zone, tax free ownership facilities just like Dubai Media City. DMC also has presented an innumerable of honours and helpful elucidations for company formation in the United Arab Emirates.
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ABOUT THE AUTHOR
Hosam Habib is an expert Media consultant and Journalist associated with Media City Dubai, a Dubai-based international company that host all Media related companies. He writes about Dubai free zone, Dubai Free Zone companies, events, information about Dubai free zone company formation, etc.