It refers to the free economic zones, specified areas where the companies are taxed in low. Free trade zone, is an area in which the goods may be landed, handled, manufactured and exported without any interference from the customers.
FREE ZONES IN DUBAI:
Free trade zone (FTZ) are very special economic zones arranged with the goals of giving tax-free and also the free duty for the customers. This FTZ in Dubai and UAE are ruling in accordance with a special framework of rules and regulations applicable to concerned free zone.
TOP FREE ZONES IN DUBAI:
The free zones in Dubai are managed and operated by free zone authority. The authority offers business licenses to foreign-owned business. Most of the free zones are wide offers trading, service, industrial, national as well as international licenses to the investors who are all looking forward to starting their own business. The list is as follows:-
If you are looking for jobs in Dubai Freezone check this link to know more. Read More: TOP 10 JOBS IN DUBAI FREE ZONE
1. DUBAI AIRPORT FREE ZONE:
It was established as a free economic zone in 1996 as a part of the Dubai government plans that to be an investment giving economy. Now, it is one of the fastest growing free zone in the region giving 4.7 % GDP (gross domestic product) of Dubai. It provides all the international investors with 100% tax-free, as well as foreign ownership and also no currency restrictions. The inner city consists of 1,600 companies across the globe. These companies cover the number of industrial sectors including electronic and electrical, IT, telecommunications, pharmaceutical and cosmetics, engineering, foods, and beverages etc.
2. DUBAI DESIGN DISTRICT:
It is commonly called as d3 which is a policy framework for decision that affects the physical, social and economic environment of the Dubai City and it is a purpose to the industrial design containing all such as start-ups, promoters and recognized international design, great expenses and also the fashion identity. It is a free zone business park and consists of 3gradual stages. It facilitates accommodation, the business of entertaining clients, consumption rather than for resale and space within a building for business. This is situated very near to Mohammed Bin Rashid city and close to Dubai’s Business Bay.
3. DUBAI HEALTHCARE CITY:
It is also known as DHCC which is a health care free economic zone situated in Emirate of Dubai, UAE. It was started in 2002 by his Highness Sheikh Mohammed Bin Rashid Al Maktoum, VP and also PM of the UAE, Dubai. It was assigned by the government to meet the demand for high quality, patient-centered health care and also the main thing is to attract the tourists to Dubai for the low-cost medical services and treatments.
4. DUBAI INTERNATIONAL ACADEMIC CITY (DIAC):
It was built close to the Al Ruwayyah in Dubai, UAE and also situated within Dubai Academic city.It was established in May 2006. The main reason of this is to provide the basement for academics of schools, colleges, and universities. With the help of this, there are more than 12,000 students are studying in 13 international higher education institutes. The main institutions at DIAC are as follows:-
- Al Ghurair University
- American University in Dubai
- American University in the Emirates.
- Azad University
- Amity University Dubai
- British University in Dubai
- Curtin University Dubai
- Emirates Aviation University.
- St Joseph University in Dubai
5. DUBAI INTERNATIONAL FINANCE CENTER:
DIFC is also a special economic zone and also established in 2004.It is having the major financial hub for the Middle East, Africa, and South Asia markets. It has its own independent judicial system, common law works, tax-free government etc. It consists of hundreds of financial institutions which includes wealthy funds along with private investors.
6. DUBAI KNOWLEDGE VILLAGE:
It is a human resource management with professional learning and educational free trade zone campus in the Dubai city which was established in 2003.It provides facilities for corporate training and learning institutions which is operating with 100% foreign ownership.Over 400 companies are participating in this which includes occupational assessments and testing, universities, computer pieces of training etc all these are owned by the TECOM investments of Dubai.
7. DUBAI MEDIA CITY:
It is commonly called as DMC, which is a part of Dubai Holding and is a tax-free zone within the UAE. It was established in 2000 and also built by their own government of Dubai to boost the UAE’s media development which includes news agencies, publishing, online Medias, advertising and also the broadcast providers.
8. DUBAI GOLD AND DIAMOND PARK:
It is also located in Dubai, UAE which was established in 2001 May. This is for free zone authority, commodities trade works and also having the shopping mall. This park is an extension of the Jebel Ali Free zone of Dubai.
9. DUBAI SILICON OASIS:
It is also known as DSO which is also a free trade zone and also a government scheme of attractive by offering an incentive for the purchase or participation in Dubai. This is a free zone authority and provides free trade services incentives and gives benefits to the companies who are all operating within the tech park.
10. JEBEL ALI FREE ZONE:
It is also a free economic zone located in Jebel Ali area (western end) of Dubai, UAE. This is started under a Ruler’s Decree; Jafza begins operations in 1985 with the standard size offices and warehouse to provide ready-built facilities to the customers. It is one of the world’s largest free zone.