Free zones uae gain 7 benefits when you start a uae free zone company free zones uae. The vat return form 201 is at a summary level or a consolidated level. A guide to setting up a business in the uae the legal requirements 3 once registered, the agency agreement is given substantial protections under the uae commercial agencies law. These include the agents exclusive right to market and sell a particular product in one or more of the emirates.
We understand that individual free zones must apply to the fta to become designated zones. The uae has a number of free zones across dubai, abu dhabi, sharjah, fujairah, ajman. Value added tax vat the official portal of the uae. Export of goods from local market through free zone fz transit in the fz transit will enable free zone companies to buy goods from the uae local market for export purposes. Characteristics that a free zone must have to qualify as a designated zone. Currently, approximately 80 percent of the uae s nonoil exports originate from the free zones. Setting up business in the uae free zones, uae freezone, uae free zones, uae free trade zone,company formation in uae free trade zones, jafza offshore, rak offshore and company incorporation in free zones jafza, dafz, rakftz, rakia, afz, dmc, dic, dhcc, saifz, hfz, masdar. Uae free zone company formation services uae is the second largest arab economy. Free zones uae now total more than 22 and are home to around 10,000 companies. Free trade zone in dubai, ftzs are special economic zones set up with the objective of offering tax concessions and customs duty benefits to expatriate investors. Free zones uae 7 advantages of a uae free zone company. Consequently, i believe the uae can continue its economic plans. Development of free zones in united arab emirates global.
There are several uae free zones across dubai, abu dhabi, sharjah, fujairah, ajman, ras al khaimah rak and umm al quwain. The uae is now a major business hub and ideal for setting up a business or a representative office, there are now over 40 different free trade zones in the uae so identifying the best free zone through which to conduct business in the region can be a tedious task. Covering business registration, visa and residency permits, documents approvals, office set up, and banking assistance, uae freezones offers an exhaustive. Doing business in the uae opportunities oil prices are expected to stay high by historical standards over the near future. According to the website of dubai customs, free zone licencees are allowed to import goods or equipment into the free zone from a foreign country without payment of customs duties. Consequently, i believe the uae can continue its economic plans by the adoption of an exportled. Penalties for administrative and technical violations clinical and commercial activities dubai healthcare city authority pdf, 500 kb the emirate of sharjah rules and regulations concerning the incorporation of free zone companies at hamriyah free zone. All about the uae free zones business setup in dubai and uae. Filing a labour complaint against a free zone company for. The united arab emirates uae was established on 2nd december 1971 and is a federation of seven emirates, namely. Filing a labour complaint against a free zone company for nonpayment of salary. The dubai airport freezone dafza is one of the worlds most prestigious, innovative and advanced freezones in the united arab emirates. Free trade zones on the territory of united arab emirates are modern complexes with developed infrastructure and preferential conditions for running business by foreign companies. Dubai was the first emirate to set up a zone and did so at jebel ali.
About free zone uae free zone guide united arab emirates. Free zones in dubai, dubai airport freezone, uae tax free. Declaration and clearance free zones dubai customs. 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. List of uae free zones 21 contacts 22 worldwide contact information 23 note. Most of the service free zones like internet city, media city, healthcare city, knowledge village are in dubai and offer excellent conditions for specific businesses. Free zones in the uae a free zone fz entity is the uae offers many tax and business possibilities. My employer has lots of influence and is not afraid if i file a case on him. In each emirate there is a whole list of such specialized zones, which have their advantages and requirements for registration of companies. A new free zone located right next to the newly opened dubai world central airport.
The united emirates is prime for overseas entrepreneurs. Drawing on our unparalleled experience in the middle east, this manual. The uae has no foreign exchange controls and the currency of the uae, the dirham, is pegged to the us dollar at a rate of aed 3. Pkf free zones in the uae introduction 7 introduction the united arab emirates uae was established on 2nd december 1971 and is a federation of seven emirates, namely. We provide licensing support for starting a business in dubai, along with the allinclusive ministrations necessary to set. Companies are offered limited regulations within free zones in uae. Free zones offer attractive incentives such as no requirement for a uae national as a local partnershareholder, tax exemptions on duties and taxes such as corporate, personal income tax, all. Free trade zones are areas in the united arab emirates uae that have a special tax, customs and imports regime. Running a business in a free zone the official portal of. Vat return form vat return form download vat registration. A big part of this is simply ensuring we offer the flexibility to provide you with the exact package to suit your needs. The uae s fastdeveloping position as a financial hub for the region has further solidified and strengthened its position as a member of the global.
However, as mentioned above, the law will still apply and the provisions in the employment contract must be in accordance with the law. Uae free zone formation setup free zone companies in. Free zones in the uae 9 introduction the united arab emirates uae was established on 2nd december 1971 and is a federation of seven emirates, namely. Again, for the purpose of this paper, the term free economic zones. The vat returns are required to be filed on a quarterly basis and a few types of businesses may be requested to file on a monthly basis. And uae s foreign policy geared towards creating greater commercial opportunities with various partners.
Set up in our award winning free zone in 4 easy steps. Very reasonable prices in combination with its location in dubai make this free zone increasingly popular. Virtuzone is always fully transparent when providing our customers and potential customers with the total costs associated with setting up their uae free zone business. Any foreign company that intends to enter the dubai market has two options for setting up a business. There are no restrictions or levies on the repatriation of. Currently, approximately 80 percent of the uaes nonoil exports originate from the free zones. Executive summary on 29 july 2018, the united arab emirates uae federal tax authority fta published its vat guide on designated zones the guide. Pdf development of free zones in united arab emirates. Free zone, also known as free trade zone, is an area designed to promote the international business in uae by providing 100% foreign enterprise ownership. Freetrade zones in the united arab emirates are areas that have a special tax, customs and imports regime and are governed by their own framework of regulations with the exception of uae criminal law. Interesting news item shared from dubai customs website. The term combat zone s is a general term used on irs.
The united arab emirates is situated in the eastern part of the arab world. Abu dhabi, dubai, sharjah, ras al khaimah, umm al quwain, ajman and fujairah. Free trade zones free zones in dubai and the uae are isolated lands or setting, with a special tax, customs and imports regime and governed by their own framework of regulations with the exception of uae criminal law. I am working in a dubai based company free zone for 3 years now. Free zone rules and regulations in the uae amadlaw. Dubai international financial center difc is seen by many investors as the best free zone in dubai, particularly for any financial business. Vat recovery vat in the united arab emirates draft vat law released for january 2018 commencement it should be noted that there is no registration threshold for businesses which are not resident in the gcc. The right choice depends on the type of business, as other free zones can favor other types of activities, like those than include technology development and activities, media, design, commodities and.
Ftzs in dubai and the uae are governed pursuant to a special framework of rules and regulations. Despite the impact of the 2009 downturn, the tourism and financial. The establishment of free zones fzs in the uae has been one of the most significant and promising initiate pursued to attract foreign investments. Uae free zones guide in the uae, the first free zone at jebel ali came into existence in 1985 and provided international businesses and corporations a hub, which connected the east and the west and expanded the horizons of their operations. If an applicant is joining a dmcc company from a government organisation or another free zone in dubai or dmcc itself. Comparative chart formation of free zone establishment.
Starting from 1st january 2018, the businesses registered under uae vat are required to file online vat returns. With over 30 years presence in the uae we have offices at dubai, sharjah, abu dhabi. Running a business in a free zone the official portal of the uae. The transfer of goods between designated zones are taxfree. There are more than 30 free zones operating in dubai. The first uae free zone opened in the 1980s, setting the framework for the many that followed, and today there are almost 40 free zones across the uae. Vat applies equally on taxregistered businesses managed on the uae mainland and in the free zones. This slide shows that htmltext can also be used as thumbnails. It is a strategic location, because this is the place where expo 2020 will take place. Setting up business in the uae free zones, uae freezone, uae free zones,uae free trade zone, rak offshore and company incorporation in free zones \n. Uae free zones business setup consultants were the experienced business setup consultancy for dubai and uae free zones company registration. There are enacted legislations in the emirates of abu dhabi, dubai and sharjah establishing a general corporate taxation regime abu dhabi decree of 1965. Following the establishment of jebel ali in 1985, other states of uae. Irs publication 3, armed forces tax guide, is the authoritative source for all militaryspecific tax matters and covers this information thoroughly note.
The uae has a number of free zones across dubai, abu dhabi. The executive regulations refer to designated zones as opposed to free zones. List of freetrade zones in the united arab emirates. There is easy access to overseas labour markets and the status of trade between the eastern areas and the western.
This overview only covers a selection of the free zones in the uae, of which there are. A free zone can be a designated zone if the cabinet approves it as one. More than 40 per cent of all the dutch exports to the gulf go to the uae. The total land areas of iraq, kuwait, saudi arabia, oman bahrain, qatar, and the united arab emirates the following countries were certified by the department of defense for combat zone tax benefits due to their direct support of military operations in the arabian peninsula combat zone. Such goods may be stored for an unlimited period depending upon the type of goods and the validity of the free zone licence.
This page provides a list of irs recognized combat zones. In this virtuzone uae business setup guide, we take a look at some of the many benefits of setting up your company in a uae free zone. In this case, the applicant has the option to transfer his her residence permit to the new dmcc company. A free zone authority offers business licenses to foreignowned businesses.
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