What are the advantages of setting up in a Free Trade Zone in the UAE?
There are lots of advantages. The UAE has 38 Free Trade Zones and these are specialised for different kinds of industries. Basically, if you set up in a Free Trade Zone, you have the right to 100% foreign ownership of your company which is different to the rules that apply if you are operating outside a Free Trade Zone. You will also have the right to tax breaks which extend for in excess of 10 years after you set up within the zone. In addition to that, you have the right to 100% repatriation of foreign capital and lastly, you will be able to benefit from very inexpensive basic services such as water and electricity. On the downside, there are restrictions around exporting into the domestic market of the UAE but on the whole it is actually a pretty good deal.
Author: Cynthia Dearin
Cynthia Dearin is an international business strategist, advisor, keynote speaker and author of Amazon best-seller Camels, Sheikhs and Billionaires: Your Guide to Business Culture in the Middle East and North Africa. With 18 years of international experience, as an Australian diplomat and management consultant, she is the Founder and Managing Director of Dearin Associates and the International Business Accelerator that helps clients to access opportunities in fast-growing international markets around the world.