A free zone is a business location where trade and economic activity is at least partially legal and tax-free, and usually enjoys other economic benefits such as low business taxes, a duty-free zone, exemptions from export controls, no income tax and no payroll taxes.
Free zone regulations are governed by the UAE government and are in place until the legal entity runs out of the zone.
There are about 44 free zones situated all over the United Arab Emirates that have attracted foreign direct investment in the form of 200,000 companies contributing to the GDP growth.
Dubai Free Zones
Dubai was formerly best known for its oil industry, but the scenario has changed over the past 2 decades....