Dubai Free Zones, Dubai was formerly best known for its oil industry, but the scenario has changed over the past 2 decades. Dubai is now a global city and a popular trading center on a par with Western nations, thanks to its diversified business model that drives the region’s economy. In order to attract foreign investment and boost the economy, free zones have been established in Dubai that reward foreign citizens with profitable incentives to start their own business in the Emirates.
Dubai Free Zones Authority:
The Dubai Free Zone Authority is the government organization that handles registration formalities and issues business licenses to non-resident companies or foreign-owned companies for company formation in Dubai free zones. Setting up a business in the Dubai Free Zone offers a sea of opportunities for networking, collaboration, and extensive business growth. The attractive tax regime and the many incentives offered by the free zone authorities make Dubai the country of choice for an investor to set up a company.
Dubai Academic Free Zone Authority
Academic City, widely known as Dubai International Academic City or DIAC, is situated along the southern outskirts of Dubai.