FREE ZONES IN THE UAE (2021)

Contents

Preface

PKF in the UAE

Introduction

Economy

Free Zones in the UAE

Free Zones in Dubai

Jebel Ali Free Zone (JAFZ)

Dubai Cars & Automotive Zone (DUCAMZ)

Dubai Multi Commodities Centre (DMCC)

Dubai Airport Free Zone (DAFZ)

Dubai South

Meydan Free Zone

Dubai Silicon Oasis (DSO)

Dubai Development Authority

Dubai Internet City (DIC)

Dubai Outsource City (DOC)

Dubai Media City (DMC

Dubai Production City (DPC)

Dubai Studio City

Dubai Knowledge Park (DKP)

Dubai International Academic City

Dubai Science Park (DSP)

Dubai Design District (d3)

Dubai International Financial Centre (DIFC)

International Humanitarian City

Dubai Health Care City (DHCC)

Dubai World Trade Centre (DWTC)

Trakhees

Kiklabb (Queen Elizabeth II)

Free Zones in Sharjah and the Northern Emirates

Sharjah Airport International Free Zone (SAIFZ)

Hamriyah Free Zone (HFZ)

Sharjah Media City (SHAMS)

FREE ZONES IN THE UAE

Preface

Foreign Trade and investment are key lifelines for the economic development for any nation whether

developing or developed. All those concerned with economic development are only too aware of increasing

competition and the sophistication of those vying for the attention of international and domestic investors.

These factors, in conjunction with the prevalent complexities of international tax and finance, have created a

space for utilizing different tools to enhance economic development. Free zones have emerged over the last

few decades as a planning tool to help boost economic development. They have their advantages and pitfalls.

Although the general concept of a Free Trade Zone is uniform in nature, one encounters a number of different

types of Free Trade Zones in different countries. They vary according to national characteristics and the goals

set for them by national governments.

The Free Trade Zone is not a new concept. It is at least as old as western civilizations, having existed in 300

BC in the Greek Island of Delos, which as a result became one of the wealthiest islands in the world for nearly

a century. By the 19th century, free zones had spread to Southeast Asia. But it was not until the latter half of

the 20th century that free zones made their mark as deliberate tools of economic development, most notably in

China when one of the famed Shenzhen free zones was set up. Nowadays there are several free zones around

the world, and the MENA region has a fair share of successes, from UAE’s free zones that caught the early

wave of the e-economy, through Egypt’s Gulf of Suez all the way to the Tangier Free Zone in Morocco.

It is estimated that there are now more than 3000 Free Zones operating in about 120 countries. The reason for

this remarkable growth is that Free Trade Zones have been an extraordinary mechanism for fostering export-

led industrialization worldwide. They promote economic development by attracting investment and generating

employment and foreign exchange earnings.

Indeed, the free zone concept is so powerful, that more and more countries are recognizing a new paradigm of

Free Zones. While the old Free Zone was often described as static, labour-intensive, incentive driven, the new

zone paradigm is a dynamic investment-intensive, management driven one, enabling an integrated economic

development tool.

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. Today there are more than two dozen Free Zones only in Dubai with over 40 free zones all over

the UAE providing top class facilities and infrastructure for doing business and most importantly are industry

specific in nature. This booklet contains relevant information about these zones.

We sincerely believe that the information provided in this booklet would be a guiding torch to investors for

selecting a particular zone for their business.

FREE ZONES IN THE UAE

PKF in the UAE

PKF is a member of PKF International Limited, a network of legally independent firms. PKF in the UAE provides

audit and management assurance, business consulting, regulatory and taxation and corporate finance

services. We provide an integrated service spanning multiple disciplines to a large number of local, regional

and international clients.

With 40 years presence in the UAE, we have offices at Dubai, Dubai International Financial Centre, Sharjah,

Abu Dhabi, Jebel Ali Free Zone, Dubai Internet City and Hamriyah Free Zone. Through each of our offices,

our clients have access to the expertise and experience of more than 100 qualified professionals including

Chartered Accountants, Cost Accountants, Certified Public Accountants, Certified Internal Auditors, CMAs

and MBAs.

Range of services

PKF professionals in the UAE can provide expert advice on various business issues. Our services include:

Audit, Assurance & Advisory

• Statutory audit

• regulated entities

• Other assurance services including Agreed-

• Business risk identification

upon Procedures

• Internal control review

• Compilation of financial statements

• Risk management review

• Agreed-Upon Procedure for Real Estate

• Finance and Accounting Procedures Manual

Regulatory Authority (RERA)

• System and Operating Procedures Manual

• In-Country Value (ICV) certification for ADNOC

• Due diligence reviews

• Training, consulting and implementation of

International Financial Reporting

• Forensic and other investigations

• Standards (IFRS)

• Delegation of authority matrix

• Internal audit including compliance for Dubai

Financial Services Authority (DFSA)

FREE ZONES IN THE UAE

Corporate Finance

Structuring Services

• Financial due diligence

•

Entry strategy

• Market analysis and feasibility studies with

•

Free Zone, mainland and Offshore

financial forecasts

company formation

• Business & share valuations

•

Identification of local sponsor

• Identification and valuation of intangible assets

•

Administration services including company

on a business acquisition

secretarial services

• (purchase price allocation)

•

Registered agents’ services

• Impairment reviews

Tax Advisory and Compliance

• Preparation of Business Plans and

•

Tax Advisory Services

Information Memoranda

•

VAT and Excise Tax Implementation support for

• Fund raising

new businesses or new transactions

• Advice on partner/share holder entry/exit

•

VAT and Excise Tax registrations, amendment in

registration and deregistration

• Review of financial models

•

Assistance in preparing and filing of VAT and

• Sale of business

Excise Tax returns / Declarations

Business Process Outsourcing

•

Diagnostic reviews and health checks for VAT

and Excise

• Book-keeping and accounting services including

specialized reporting as per client requirements

•

Represent and / or liaison with relevant

including assistance with backlog

authorities on taxation matters

• Payroll and HR management and processing,

•

Tax Agency Services

including pay slips, payroll payments, end of

service benefits, leave management etc.

•

Assistance in evaluation, preparation and filing of

reports under UAE ESR and CbCr regulations

• Confidential processing of payroll including direct

payment to senior personnel of an entity and

•

Cross-Border tax advisory

summarized accounting

•

Tax due diligence

• Short term placement of accounting staff

•

Training on tax matters

• Outsourced accounting and payroll services for

companies registered in the Dubai

• International Financial Centre

• Fixed asset management including verification,

tagging and generation of fixed asset register

• Inventory verification and reporting -

ongoing/onetime

FREE ZONES IN THE UAE

Locations in the UAE

DUBAI

DUBAI INTERNET CITY

18th Floor, Rolex Tower, Near Financial Centre

Office No.120, Bldg. 10, P.O. Box 500364, Dubai

Metro Station, P.O. Box 13094, Sheikh Zayed Road,

Internet City, Dubai

Dubai

T: (+971) 4 449 5430

T: (+971) 4 388 8900

F: (+971) 4 390 8836

F: (+971) 4 355 2070

E: dic@pkfuae.com

E: dubai@pkfuae.com

SHARJAH

ABU DHABI AIRPORT FZ

Golden Towers, 11th Floor, AI Buhaira Corniche,

Business Centre, Building No. 141A, Abu Dhabi

P.O. Box 6207, Sharjah

Airport Business City, Abu Dhabi International

T: (+971) 6 574 0888

Airport

F: (+971) 6 574 0808

T: (+971) 2 626 1715

F: (+971) 2 626 1716

JEBEL ALI FREE ZONE

E: abudhabi@pkfuae.com

Lease office Building 16, Office No.133, 1st Floor,

Jebel Ali Free Zone, P.O. Box 16952, Jebel Ali

DUBAI INTERNATIONAL FINANCIAL

CENTRE (DIFC)

T: (+971) 4 881 5452

F: (+971) 4 881 5451

710 Currency House Tower 2, Dubai International

E: dubai@pkfuae.com

Financial Centre, P.O. Box. 13094, Dubai

HAMRIYA FREE ZONE

T: (+971) 4 385 728

F: (+971) 4 325 7294

Office No. E2-115G-22, P.O. Box. 51464, Hamriyah

E: difc@pkfuae.com

Free Zone, Sharjah

ABU DHABI GLOBAL MARKET

T: (+971) 4 388 8900

F: (+971) 4 355 2070

PKF Accountants & Business Advisers LLP

E: dubai@pkfuae.com

Al Maqam Tower, 35th Floor, Al Maryah Island, Abu

Dhabi Global Market Square

ABU DHABI

The Blue Tower, 15th Floor, Sheikh Khalifa Street,

T: (+971) 2 626 1715

P.O. Box 7479, Abu Dhabi

F: (+971) 2 626 1716

E: abudhabi@pkfuae.com

T: (+971) 2 626 1715

F: (+971) 2 626 1716

E: abudhabi@pkfuae.com

Visit us at www.pkfuae.com

FREE ZONES IN THE UAE

Introduction

The United Arab Emirates (UAE) was established on 2nd

December 1971 and is a federation of seven emirates, namely:

Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah, Umm Al Quwain,

Ajman and Fujairah.

The United Arab Emirates is situated in the Eastern part of the

Arab world. It overlooks the Gulf of Oman to the East and the

Arabian Gulf to the North. The Arabian Gulf and Gulf of Oman

are linked by the Hormuz Strait. The UAE covers an area of

approximately 83,600 square kilometres (32,654 square miles),

including numerous islands. The coastal area consists primarily

of salt marshes. Inland, the topography is predominantly desert,

sand dunes and gravel plains with isolated oases, the largest of

which are located at Al Ain and Liwa. The Hajar Mountains lie

close to the sea on the East coast.

The Emirates have a common cultural heritage, but the tribal links

are very strong within each Emirate. Abu Dhabi is ruled by the Al

Nahyan family, which belongs to the Bani Yas tribe. Dubai is ruled

by the Al Maktoum family, which belongs to the Al Bu Falasah

tribe. The other emirates are also ruled by various families, which

belong to powerful tribes of the respective regions.

The three most populated Emirates are Abu Dhabi, Dubai and

Sharjah; more than 80% of the total population belongs to

these emirates.

The official language is Arabic, and all communications with the

government must be in Arabic, although among the expatriate

communities’ various other languages are spoken. Foreigners will

find that English and Hindi / Urdu are widely understood. English

is used for all written communication in businesses.

Economy

The UAE economy has been transformed from a subsistence economy to one of the most prosperous and

highly advanced societies in the world. The economy experienced a sudden explosion in GDP in the 1970s and

1980s due to rising oil prices and adverse conditions in the oil market.

The government had adopted a policy of controlled diversification, which led to the rise of non-oil sectors

and most importantly trade. A combination of diversification and financial reserves has given the UAE

economy considerable resilience, which is reflected in the economy. New corporate, stock market and

banking legislation, review of laws and development of additional legislative framework are under review.

The government is constantly aiming at promoting efficiency and transparency which would further boost the

economic development in the UAE.

Petroleum dominates the economy of the UAE. At one time an underdeveloped area, by 1985 the region had

the highest per capita income in the world. The immense wealth has been invested in capital improvements

and social services in all seven of the Emirates. Petroleum production is centered in Abu Dhabi and Dubai.

Industrial development is essentially petroleum related.

After riding the crest of the wave of fast paced modernization and a booming economy, the country has also

grappled with the global recessionary pressures in 2009 and 2010. Dubai is seeking long term investments

as the Emirate’s regional status will continue to open huge opportunities for multinationals interested in the

region’s markets and its neighbouring areas in the Middle East and North African region. Tourism, continued

improvement in the transportation infrastructure and the government’s proposed intention to allow FDI in

certain sectors, are expected to promote growth in the retail sector in the near future.

World Expo 2020

The awarding of the World Expo proved to be an immediate catalyst for Dubai’s construction sector as huge

investments were made in building hotels and facilities on the expectation that millions of visitors would

participate in the event. Approximately USD 6.9 billion of infrastructure projects were undertaken in relation to

Expo 2020.

The main event for the Expo will focus around the planned 438-hectare site, the largest ever created for a

World Expo. Before COVID-19, experts at Robert Walters Middle East had estimated a potential USD100-

USD150 billion in foreign direct investment as a result of the Expo. Further, the Expo to led to a flurry of

development across Dubai and thereby created thousands of new jobs, attracting expat talent and helping

drive the demand for real estate. However, with the postponement of the Expo to 2021, the economic and

FREE ZONES IN THE UAE

financial impact of the pandemic along with the uncertainty in the recovery period, makes it difficult to

ascertain the likely impact of the Expo on Dubai’s and UAE’s economy at large.

The construction, tourism, hospitality and leisure sectors are likely to be the key sectors potential to benefit

from the Expo 2021. Technological innovators in conventional and alternative energy as well as engineering,

urban planning and logistics will also likely see a host of in-region opportunities.

The construction, tourism, hospitality and leisure sectors have obvious potential to benefit from development

spending and job creation related to Expo 2020. Technological innovators in conventional and alternative

energy as well as engineering, urban planning and logistics will also likely see a host of in-region opportunities.

Population

The total population of the UAE as of 2019 was estimated to be 9.77 million (Source: World Bank).

The population has been growing at a steady rate for the last decade. The UAE has the highest population

growth rate in the Arab World due to improved health services and the ongoing migration of expatriates to the

country. Despite the consistent growth, the UAE has maintained its position as having one of the highest per

capita incomes in the World. The growth has increased the demand for all kind of goods. Consequently, there

has been growth in trade and related activities like imports, manufacturing, etc.

Foreign trade

The foreign trade had a noticeable and continual increase before recession affected growth rates in the region.

In the process of regenerating a consistent growth rate, the push in imports is accredited to intensification

of the re-export trade, a distinctive fact of the UAE economy. This has been further supplemented by the

development of capital and consumption of goods.

FREE ZONES IN THE UAE

Gross Domestic Product (GDP)

The UAE’s economy rebounded from the global recession supported by tourism and hospitality sectors, and

a recovery in construction and real estate markets. Nominal GDP increased at an average of 4.8% during the

2012-2014 period and was estimated to be USD 403 billion in 2014. However, nominal GDP decreased sharply

in 2015 owing to lower oil prices and was largely flat through 2016. The economy bounced back in 2017 and

2018 before flattening in 2019. Real GDP growth that averaged 4.7% during 2012-15 dropped to 2.1% during

2016-19.

In line with global economy, UAE too is projected to record overall negative real GDP growth in 2020.

According to the IMF, UAE’s real GDP growth is forecast to slip to -3.5% in 2020. However, IMF forecasts a

stronger rebound in the subsequent year with UAE’s real GDP growth projected at 3.3%.

UAE Nominal and Real GDP (2012-2019)

Source: UAE Federal Competitiveness and Statistics Authority

Per Capita GDP (in USD 000’s)

Source: UAE Federal Competitiveness and Statistics Authority

While nominal per capita GDP has decreased in 2019, the UAE remains amongst the leading countries in terms

of per capita GDP in purchasing power parity terms. UAE’s per capita GDP for the year 2019 was estimated at

around USD 44,300.

Total GDP at current prices for the year 2019 as reported by Federal Competitiveness and Statistics Authority

was USD 421.1 billion. The UAE’s economy has benefited from diversification with the non-oil sector

contributing 75% of the GDP in 2019 as compared to 61% in 2012.

FREE ZONES IN THE UAE

Free Zones in the UAE

The Free Trade Zones (FTZs) of the UAE have been a veritable opportunity for the country to showcase its

development and special area approach. The UAE in the last decade has witnessed a quantum increase in

industrial development and one of the most significant and remarkable achievements is the success of Free

Zones. Free Trade Zones are established under a special Decree passed by the Ruler of the Emirate in which

the Free Zone is created.

To date the Free Zones have been successful in attracting a large number of foreign companies and foreign

direct investment. The share of the Free Zones in non-oil exports has increased considerably along with the net

exports from the Free Zones. The incentives offered by various Free Zones of the UAE are generally similar

and include:

EXTENDED

100%

quick

FOREIGN OWNERSHIP

APPROVAL

lease

OF THE ENTERPRISE

PROCEDURES

FULL REPATRIATION

ABUNDANT

OF CAPITAL AND

AND INEXPENSIVE

100%

EXEMPTION

profits

energy

An independent Free Zone Authority (FZA) governs each free zone and is the agency responsible for issuing

FTZ operating licenses and assisting companies with establishing their business in the FTZ.

Investors can either register a new company in the form of a Free Zone Establishment (FZE) / Free Zone

Company (FZCO) or simply establish a branch or representative office of their existing or parent company

based within the UAE or abroad. An FZE is a limited liability establishment, incorporated in a Free Zone, owned

by one natural or juridical person, whereas an FZCO is a limited liability company incorporated in a Free Zone

by more than one shareholder, generally up to five. FZE/FZCOs are governed by the rules and regulations of

the Free Zone in which they are established. There is a minimum capital requirement for an FZE/FZCO ranging

from AED 50,000 to AED 1,000,000 depending upon the selected Free Zone. Recently, some free zones have

even relaxed / abolished the capital requirement to attract more investors. Under Federal Law No. 15 of 1998,

except for acquiring nationality in the UAE, the provisions of the Commercial Company Law do not apply to

FZEs / FZCOs, provided that the Free Zones have special provisions regulating such companies.

FREE ZONES IN THE UAE

Free Trade Zone licenses

Once a legal presence has been established in the Free Zone, the business needs to lease premises or land

and acquire an operating license from the FZA. Different types of licenses apply in the different types of free

zones. However, in general companies with trade and industrial licenses can only conduct business within the

Free Zone or abroad. To sell their products in the UAE, a UAE official agent is required. Services and products

can be obtained from and within the UAE without an agent.

Other types of license available are service licenses (e.g. banking, insurance, etc.) and national industrial

licenses. For the former the services offered must be the same as those stipulated in the parent company’s

license in the UAE or abroad. The share capital of a company applying for a national industrial license must be

at least 51% GCC and 40 % of the sale value of the product must be value-added in the UAE. These licenses

can be renewed annually as long as a lease agreement is in force with the FTZ.

The procedure for establishing a business in any Free Trade Zone is a specialized process. An investor is

required to fill out a questionnaire from the relevant Free Zone Authority, which will assist in assessing the

company’s requirements. Having submitted the questionnaire, the authorities will give a license application,

planning documents, and a consumer request for electricity. Provisional approval is given along with a

specimen lease agreement. After the company representative and the authority have met and finalized details

of the project, the actual documents, which will include company or personal details, are speedily processed.

List of various Free Zones in the UAE

Given hereunder are lists of the most important Free Zones in the UAE. The first list contains the various Free

Zones established in the Emirate of Dubai, the second enumerates Free Zones established in the Emirate of

Sharjah and the Northern Emirates and the third list gives various Free Zones established in the Emirate of

Abu Dhabi:

Dubai

• Jebel Ali Free Zone (JAFZ)

• Dubai Design District (D3) - DDA

• Dubai World Trade Centre (DWTC)

• Dubai Silicon Oasis (DSO)

• Dubai Cars and Automotive Zone (DUCAMZ)

• Dubai Knowledge Park - DDA

• Dubai Multi Commodities Centre (DMCC)

• Dubai International Financial Centre (DIFC)

• Dubai Internet City (DIC) - DDA

• Dubai International Academic City - DDA

• Meydan Free Zone

• International Humanitarian City

• Dubai Media City (DMC) - DDA

• Dubai Outsource City - DDA

• Dubai Airport Free Zone (DAFZ)

• Dubai South

• Dubai Studio City - DDA

• Dubai Production City - DDA

• Dubai Healthcare City

• Dubai Science Park- DDA

• Kiklabb (Queen Elizabeth II)

FREE ZONES IN THE UAE

Sharjah and the Northern Emirates

• Sharjah Airport International Free Zone (SAIFZ)

• Fujairah Free Zone

• Hamriyah Free Zone (HFZ)

• Fujairah Creative City

• Sharjah Media City Free Zone (SHAMS)

• RAK Maritime City

• Ajman Free Zone (AFZ)

• Ras Al Khaimah Economic Zone (RAKEZ)

• Umm Al Quwain Free Zone (UAQFZ)

• Sharjah Publishing City (SPC)

• International Free Zone Authority (IFZA)

• Sharjah Research, Technology and Innovation

Park (SRTI Park)

Abu Dhabi

• Abu Dhabi Airport Free Zone

• Zonescorp

• twofour 54

• Khalifa Industrial Zone Abu Dhabi (KIZAD)

• ADPC- Khalifa Port and Industrial Zone

• Masdar City

• Abu Dhabi Global Market (ADGM)

*DDA - Dubai Development Authority

The UAE Free Zones have been among the strong pillars of the country’s economic performance attracting a

lot of foreign investments, creating thousands of jobs, and facilitating the needed transfer of technology into

the country. Together, Free Zones account for more than half of the country’s non-oil exports and underpin the

UAE’s ranking as the third most important re-export centre in the world.

The Free Zones help in keeping the engine of economic diversification rolling by attracting foreign investment

in the private sector, which is central to the region’s overall plan aimed at reducing its economic dependence

on oil, while creating employment for its nationals. Moreover, the Free Zones are swiftly proving to be the

mechanism not only for an impetus to diversification, but also for changing the very face of economic activity

in this region.

FREE ZONES IN THE UAE

Jebel Ali Free Zone (JAFZ)

The Jebel Ali Port or Mina Jebel Ali is the world’s largest man-made port. The Jebel Ali Free Zone (JAFZ) was

established by decree No. 1 of 1985 and is located in the Emirate of Dubai. Jebel Ali was initially seen as the

ideal base for multinationals to warehouse and distribute their products in the Gulf. Over the years, the range

of industries has grown from distribution to include the whole spectrum of manufacturing, trading and services

and the market has grown to cover regions well beyond just the Middle East. The Free Zone is home to over

7,000 companies including several of the Fortune 500s.

Features

• Excellent support service from Dubai Ports Authority’s two modern terminals.

• Very close to newly established Al-Maktoum International Airport.

• Onsite chamber of commerce, international banks, insurance companies, consultancies, etc.

• Mortgaging of company-owned facilities (excluding leased land);

• Lease period up to 10 years (trading) and 15 years (manufacturing);

• Types of activities broadly include manufacturing, processing, assembling, packaging, import/ export,

distribution, storage and services, etc.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Company (FZCO) - no minimum capital requirement.

• Free Zone Establishment (FZE) - no minimum capital requirement

Facility costs and type of license

Facility

Size*

Cost in AED per annum*

Land

Min. 5,000 sq. m

30 - 80 per sq. m

Pre-built factory, warehouse,

313 - 1110 sq. m

188,000 - 666,000

showrooms with office

Office

27 - 100 sq. m

2,000 - 2,500 per sq. m

FZE Registration Fee one-time AED 10,000

FZCO Registration Fee one-time AED 15,000

Branch Registration fee one-time AED 5,000

FREE ZONES IN THE UAE

Type of License

Cost in AED per annum*

Industrial (7 products - 12 products)

5,500 - 9,000

Trading (7 products - 12 products)

5,500 - 9,000

General Trading

30,000

Logistics (branch of UAE based company)

30,000

Service (branch of UAE based company)

8,000

*The figures are indicative and subject to change

JAFZA One

One of the key cornerstones of business success is an inspiring work environment. JafzaOne, the unique

commercial complex in new Dubai, is located at the heart of JAFZA. Jafza’s flagship commercial property,

Jafza One, is a premium ‘one-stop-shop’ business facility. Designed to satisfy a comprehensive range of

corporate requirements, the complex has been developed to maximise commercial growth. The location of the

complex, in the centre of JAFZA, makes it the most functional and versatile multi-purpose space available in

this free zone. Ideal for prestigious corporate headquarters and executive suites, the office spaces command

inspiring, panoramic views across JAFZA, Jebel Ali Palm, Jebel Ali Port and Sheikh Zayed Road.

JAFZA One contains:

• Over 100,000 sq. m. of office space, spread between the two 24-floor office towers.

•

2,100 sq.m of space per floor.

• Office sizes range from the entire floor as open plan to up to 21 individual offices ranging in size from 38

sq.m. to over 200 sq.m.;

• Exhibition and convention centre, auditorium and function room, executive meeting suites.

• Four-star hotel, with breath-taking views of the Arabian Gulf and state-of-the-art gym.

Jebel Ali Offshore

The announcement of the Jebel Ali Free Zone Offshore Companies regulation in early 2003 by the Jebel Ali

Free Zone Authority was highly appreciated by the investors. The regulation permitted formation of offshore

companies within the Free Zone and confirmed the Free Zone’s commitment to continuous growth in a rapid,

dynamic and changing economic environment keeping pace with worldwide developments. The Jebel Ali

Free Zone Authority (JAFZA) issued new JAFZA Offshore Companies Regulations, 2018 (‘New Regulations’)

applicable to all the Offshore Companies formed with the Authority and has repealed and replaced the JAFZA

Offshore Companies Regulations, 2003 (‘Old Regulations’).

Offshore companies can be suitably utilized as an investment company; holding company; real estate

holding company; for further investments in local or Free Zone companies; and for International Trading.

Firms of accountants and lawyers as approved by the Authority are permitted to provide services to clients

for registering offshore companies, registered offices and for acting as agents for the companies. A recent

decision by the Dubai Land Department has made Jebel Ali Offshore companies more attractive to investors.

The Dubai Land Department signed a Memorandum of Understanding with the Jebel Ali Free Zone Authority to

regulate registration of property in the name of offshore companies. In effect, offshore companies incorporated

in foreign jurisdictions such as the Isle of Man, the British Virgin Islands, Mauritius, etc. will not be permitted to

FREE ZONES IN THE UAE

expected to apply to foreign-owned free zone or offshore companies established in other Emirates.

Salient features

• Limited Liability Company.

• Requirement to appoint shareholder, Directors,

Manager and Secretary.

• No minimum capital requirement.

• Bearer shares not permitted.

• Requirement to have an approved registered

agent either within the Free Zone or in the

• No personal or corporate income tax.

Emirate of Dubai;

• Issue of shares of only one class permitted

Offshore companies are allowed to:

• Have contacts with legal consultants, lawyers,

• Hold shareholders and directors meeting within

accountants and auditors.

the UAE;

• Have a bank account in the UAE.

• Carry out International Trading and consultancy.

• Become shareholders in new or existing Free

• Act as a holding company for investments

Zone Entities or LLCs in the mainland.

in companies and properties (Subject to the

respective local laws of each Emirate, City

and Country)

Offshore companies are not allowed to:

• Carry on business with persons resident in

• Carry on business as an insurance or re-

the UAE.

insurance company, insurance agents or

insurance brokers.

• Own an interest in real estate property situated in

the UAE, other than a lease property referred to

• Carry on any other business which may be

in the regulations or approved by the authorities.

prohibited by regulations by the authorities.

• Carry on banking business.

FREE ZONES IN THE UAE

Dubai Cars & Automotive Zone (DUCAMZ)

DUCAMZ has been established with the objective of re-exporting used cars to the Asian and African Region

where the demand exists and continues to grow. This zone is situated within the Dubai city and comprises one

million square meters of bonded area.

The location has easy access to all airports and seaports in the region. From here the automobiles are reloaded

onto feeder vessels, or on to trucks which travel throughout the region on a modern network of highways,

linking the neighbouring countries to the Middle East and beyond. This area is used for the purpose of the re-

export of cars. The vehicles are categorized into two groups, left-hand drive vehicles which are exported into

the local markets and are subject to local regulations and right-hand drive vehicles which are mainly exported

to India, Afghanistan, Pakistan, Yemen and other African Countries.

Features

• Government support services.

• Competitive freight charges.

• Ease of administration problems.

• No restrictions on import of automobiles.

• No import duties.

• Hassle free clearance from Police (traffic department), Customs, Port and Banks.

• Excellent support systems.

• The facilities could be leased for 50 years.

• Type of company activities would include trading in cars only.

Forms of registration

• Branch of a UAE company.

• Free Zone Company (FZCO) - minimum share capital is AED 100,000.

• Free Zone Establishment (FZE) - minimum share capital is AED 1,000,000.

Facility costs and type of license

Amount (in AED)

Only showroom with 10 sq.m office is available

Registration Fee one time (FZCO)

20,000

Registration Fee one time (FZE)

15,000

Registration Fee one time (Branch)

10,000

Type of License

Amount (in AED)

Trading

12,000

*The figures are indicative and subject to change

FREE ZONES IN THE UAE

Dubai Multi Commodities Centre

(DMCC)

The Dubai Multi Commodities Centre (DMCC) has been created as a strategic goal of the Dubai Government

to establish a commodity marketplace in Dubai. DMCC is a government entity established in 2002 to enhance

commodity trade flows through Dubai.

The DMCC offers a unique opportunity for participants in a wide range of metals and commodities industries.

It provides facilities that bring together the gold trade, the diamond trade (housing a Diamond Exchange), and

trading in other selected commodities. The Centre has attracted key players throughout the entire value chain

of each of these industry sectors, together with relevant support industries such as finance, logistics

and insurance.

The DMCC offers ownership of business premises in addition to all other standard Free Zone services.

DMCC’s activities are organized into three main areas which are Gold and Precious Metals, Diamond and

Coloured Stones and Commodities.

DMCC has strengthened Dubai’s position as the leading regional centre for bullion business by offering

improved facilities to enterprises establishing themselves under the Centre’s auspices. The infrastructure

at DMCC accommodates every facet of the business - manufacturing, trade, education, certification and

technology. Alliances with other players in the trade such as finance organizations, government institutions,

etc. will promote complete growth of the industry.

To further boost the regional diamond trade, the official announcement was made on the Dubai Diamond

Exchange (DDE), which is the first WFDB (World Federation of Diamond Bourses) affiliated bourse in the Arab

World. DMCC also entered into a joint venture between MCX (Multi Commodity Exchange of India and FTIL

(Financial Technologies India Ltd) and formed the Dubai Gold and Commodities Exchange (DGCX). DGCX

provides advanced electronic infrastructure and an organized monitored environment.

DMCC has been instrumental in implementing the Kimberley Process in the United Arab Emirates as part of

its endeavour to streamline the trade with global standards and protecting the legitimate diamond industry.

DMCC serves as the dedicated global hub for over 13,000 businesses and serves as the centre of an inspiring

property environment, setting standards in design thinking for the world.

Jumeirah Lakes Towers (JLT) is a dynamic waterfront community and is one of the designated areas within

the Dubai Multi Commodities Centre (DMCC). The DMCC Authority (DMCCA) is the licensing authority for

businesses operating in the Jumeirah Lakes Towers. Businesses in JLT therefore benefit from a Free Zone

status, making JLT the first mixed-use Free Zone freehold development in Dubai. JLT has attractive residential

and office towers alongside hotels, leisure and retail outlets. Out of the 79 towers, 3 towers have been

developed by DMCC. These are the Almas, Au and Ag Towers. The landmark Almas Tower is the natural focal

point of the development, situated on an island surrounded by water in the centre of the community. The tower

houses the DDE and DMCC member businesses in the gold, diamond, energy and commodities industries.

FREE ZONES IN THE UAE

Features

• Trading in various commodities including gold and precious metals, diamonds and coloured stones and

various services that complement the main core business.

• Free hold ownership of business premises.

• Diamond exchange.

•

50 years tax holiday.

Forms of registration

• Branch of a foreign company.

• Free Zone Co. (DMCCO) - minimum share capital is AED 50,000 (per shareholder AED 10,000).

Facility costs and type of license

Type of Facilty

In AED (per annum)

Flexi Desk

16,000 - 19,000

Service Desk

22,000 - 35,000

Serviced Office

35,000 - 70,000

Leased Office - Core and Shell

From AED 60-150 per sq. ft.

Leased Office - Fitted

From AED 75-180 per sq. ft.

Leased office in DMCC community

From AED 90-100 per sq. ft.

Office security deposit

5 % of lease rental

Number of Visas eligible

Per 9 sq. m. one visa

Registration fees (specific / general trading)

10,265 / 30,265

MOA issuing fees

2,265

Type of License

In AED

Specific Trading License

20,265

Service License

20,265

General Trading License

50,265

*The figures are indicative and subject to change

FREE ZONES IN THE UAE

Dubai Airport Free Zone (DAFZ)

Dubai Airport Free Zone (DAFZ) was established under Law No.2 of 1996 and its amendment No.2 of 2000. It is

wholly owned by the Government of Dubai. DAFZA is located within the boundary of Dubai International Airport.

DAFZA is an ideal location for high-tech/IT products, luxury items, jewellery, light industry and activities related to

the aviation industry.

Over the years, DAFZ has provided most attractive incentive packages, connectivity and support to multinational

companies from every continent, enabling them to establish regional offices in Dubai and capture a wealth

of business opportunities throughout neighbouring markets. Moreover, as a city host to various world-class

international business and commercial events, investors enjoy the advantage of the free zone’s strategic location

next to one of the busiest airports in the world.

Amongst the array of business services, DAFZA boasts fast processing of paperwork, rapid customs clearance, a

wealth of expertise amongst their staff and a ‘no fuss’ approach to facilitating business for tenant companies. This is

reflected in the loyalty and diversity of their clients, which number around 1500 companies.

Features

• Located within the boundaries of Dubai International Airport.

• Fast and efficient cargo clearance services (8-24 hours);

• International Freight Forwarders and Logistics companies at DAFZ;

• Online customer service (e-Services);

• Land with easy access to airport apron.

• Type of activities include manufacturing, processing, assembling, packaging, import / export, distribution,

storage, services, etc.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Company (FZCO) - minimum share capital is AED 1,000.

Facility costs and type of license

Facility

Size

Cost in AED per annum

Light industrial units (pre-

350 sq. m

800 per sq. m

built units) Min. 350 sq. m

Office

Min. 25 sq. m

1,800 - 2,200 per sq. m

Smart Desk*

Exclusive Furnished desk space

50,000 per annum

Business Enabled

50 sq. m

4,000 per month for Branch

Office**

and 12,000 per month for FZE

FZE Registration Fee - one time - AED 10,000

FREE ZONES IN THE UAE

Type of License

Cost in AED per annum*

Industrial

10,000

Trading

10,000

Service

10,000

*The figures are indicative and subject to change

Smart Desk

To cater to the needs of small businesses and start-ups, DAFZA offers Flexi Desk Solutions as “Smart Desk

Packages”. Smart Desk Packages offer easy business setup solutions to the new businesses to start small

and explore the market. These smart solutions help businesses achieve greater functional efficiency at a lower

operational cost.

The AED 50,000 annual package includes - Exclusive Furnished desk space, Trading/Service License to

operate, One Employment Visa and Free WiFi. The lease for Smart Desk Package is valid for two years to be

renewed annually. After two years, the client needs to upgrade to a normal office/package.

Business Enabled Office

DAFZ also has launched the ‘Business Enabled Office’. This package includes a 50 sqm fully operational

standard office and all start-up expenses, such as licensing, registration and employment visas, all for an

inclusive monthly rent starting from AED 12,000 (4,000 for Branch).

The standard 25 sqm ‘Business Enabled Office’ includes:

Wallpaper, flooring, false ceiling, lighting, blinds, air-conditioning, standard floor boxes, office signage;

Telephone, fax and internet line; Electricity; Furniture; License and Registration; Commercial services (2

employment visas); Housekeeping services

FREE ZONES IN THE UAE

Dubai South

Dubai Aviation City Corporation (the “Corporation”) is a wholly owned Government of Dubai company established

by Dubai Law No. 8/2006 (as amended). The Corporation is responsible for the development and operation of Dubai

South (‘DS’) [formerly known as Dubai World Central], a development in Jebel Ali, Dubai, centred around the new Al

Maktoum International Airport. The Law includes provision for the establishment of a Free Zone for businesses and

organizations operating in the aviation and logistics industries.

Dubai South -The City of You - is an emerging 145 sq. km. master-planned city based on happiness of the

individual. Identified as the emirate’s flagship urban project, Dubai South is centred on the vision of His Highness

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The

royal vision is reflected in the themes of Dubai Plan 2021, which apply to Dubai South as follows.

• To become a city of happy, creative and empowered people.

• To become the preferred place to live, work and invest.

• To create an inclusive and cohesive society.

• To build a smart and sustainable city.

• To become a pivotal hub in the global economy.

DS is home to the world’s largest airport in the making - the Al Maktoum International Airport, south of Jebel Ali

Free Zone and is well connected to Emirates Road and other areas of the city. It is just 30 minutes away from Dubai

International Airport, 15 minutes from the Jebel Ali Port and 60 minutes from Abu Dhabi, the capital of the UAE. The

vantage location facilitates easy imports, exports and logistics operations through aviation, seaport and road for

companies based within DS.

Dubai South is projected to sustain a population of a million. As an economic platform, it is designed to support

every conceivable kind of business and industry and to create 500,000 jobs. It is meant to host landmark events

such as World Expo 2020 and the Dubai Air Show.

The Free Zone areas of DS

Dubai Logistics City

Dubai Logistics City is optimally located alongside the apron of Al Maktoum International Airport and is in close

proximity to the Jebel Ali Port and Free Zone. DLC is positioned to serve a wide range of transportation, logistics,

and value-added operations within a single-bonded free zone environment. Due to its adjacent location and

direct connection with the Jebel Ali Port and Free Zone through the Dubai Logistics Corridor (direct infrastructure

connection, custom bonded), DLC will facilitate the transportation of goods from air to sea and vice versa. DLC

offers leases of office space, warehouse space and long-term leases of development land enabling Free Zone

Enterprises to design and construct their own facilities.

Air cargo terminals: Directly at the apron and designed for air cargo terminal handling service providers who want

to address their individual market of airlines. Land plots for industry or contract logistics: With most flexible plot

layouts to support dedicated industry or contract logistics facilities and larger multi-client warehousing operations.

Land plots for forwarders: Exclusively for forwarders with access to the airport’s apron and optimal for mid-sized

and larger forwarding businesses who want to combine shipment handling and consolidation operations and

warehousing/distributions services. Shared forwarders warehouses: Near the air cargo terminals and optimal for

small and medium sized cargo handling operations. Integrator facilities: a dedicated section for integrator facilities

FREE ZONES IN THE UAE

directly at the apron provides amenities facilities throughout the premises. All logistics services and transport modes

are integrated into a single custom bonded and a Free Zone environment and allow companies to focus on the

optimization of their supply chains.

Dubai Aviation City

In recent years, the Middle East has emerged as the Centre of the global aviation industry. The region is a key

market for companies throughout the entire aviation supply chain.

Aviation City is an area of the DS Free Zone, situated just south of DLC and is also positioned directly adjacent to

the apron of the Airport. Aviation City will host light aviation manufacturing and associated industries, Maintenance,

Repair and Overhaul (MRO) companies, aviation support services, design and consultancy, research and

development, aviation training, products and parts, light manufacturing units and high technology industries.

Aviation City also benefits from a direct connection to Jebel Ali Port and Free Zone through the Dubai Logistics

Corridor.

Aviation City will include various components such as executive jet terminal facilities, a Maintenance, Repair

and Overhaul (MRO) centre; a Heliport Zone; an Academic Zone and an Industrial Zone providing an integrated

infrastructure for the warehousing of aircraft components and parts supply. Aviation City offers leases of office

space, warehouse space, and long-term leases of development land enabling Free Zone Enterprises to design and

construct their own facilities.

Premium Business Park

From aviation and logistics to support services or general business establishments, the Business Park offers first-

rate commercial buildings and offices that are centrally situated in what will become Dubai’s leading Central of

commerce and a logistics and aviation industry cluster.

The Business Park has been designed from the ground up around the concept of business facilitation. It offers

advantageous facilities and all the technological amenities required of a space to make it business-ready and

conducive to quick and easy transactions. In addition, flexible commercial lease terms and availability of Free Zone

and non-Free Zone trade licenses make the Business Park the ideal venue for long-term business growth.

Features of DS

• Free zone status.

• State-of-the-art facilities / services.

•

100% tax free.

•

100% foreign ownership.

• No corporate tax.

• Variety of licensing options.

• Flexible commercial lease terms.

• Fitted-out offices and core shell space.

• Business centre facilities.

• Direct access to Al Maktoum International Airport.

• No minimum share capital requirement.

FREE ZONES IN THE UAE

Forms of registration

• Branch of a foreign / UAE company.

• Dubai World Central Limited Liability Company (DWC-LLC) - minimum share capital AED 300,000.

*Only self-declaration intending for raising capital would be sufficient for issue of the license.

Facility costs and type of license

Particulars

Cost in AED

General Trading License fees

20,000

Trading / Service / Logistic / Industrial /

10,000

Educational License fees

Other (Establishment card, P.O. Box, etc.)

4,000

Facility

Size

Cost in AED per annum

Smart Office/Executive Office

Various

Starting from AED 29,900 to

AED 125,000

DS Head Quarter: Fitted-out

Various

Rental cost: starting from AED 1,250/

offices ready for immediate

sq. m Services charge: AED 250/sq.

occupancy. (Min. 50 Sq. m.

m including electricity and A/C

Office)

East & West Wings Buildings:

Various

Rental cost: starting from AED 800/

Core and shell commercial

sq. m Services charge: AED 150/sq.

spaces that can be configured to

m (excluding DEWA and

your specifications

District Cooling)

Warehouse

Varies

Starting from AED 600/sq. m

Land (Min.)

Varies

Ranging from AED 38-44 per sq. m

* The figures are indicative and subject to change

Freelancer Permit

Dubai South also allows for issue of free-lancer permits. These permits are earmarked for individuals in fields

of media, education and technology for specified activities. These permits can be applied for by individuals,

even if they are working full-time, provided they can obtain a no-objection certificate (NOC) from their

employers. Such permits allow the person to work as an independent contractor with that company and

from that company’s premises in the free zone. Although the permit does not allow the holder to sponsor any

employees, once their residence visa is stamped, the person can sponsor his own family / dependents.

Particulars

Cost in AED

Freelancer permit

7,020*

* excluding VAT

* does not include cost of visas

FREE ZONES IN THE UAE

Meydan Free Zone

Meydan, the most important new business, sporting and lifestyle destination in Dubai and Meydan City Corporation

oversees the development of the UAE’s new iconic horseracing development. It will feature a world-class

grandstand and will serve as a major business and conference district. Located in the heart of Dubai, Meydan Free

Zone provides businesses with a powerful global advantage. Offering highly competitive start-up costs without

compromising on standards in location and ease of incorporation, Meydan Free Zone drives businesses with an

extensive transport network, state-of-the-art telecommunications, a wide range of banking services and high-speed

internet connectivity. Meydan Free Zone also provides intelligent Information technology support through a team of

professionals from around the world.

Meydan City features the Meydan Free Zone and four distinct sub-districts - Meydan Racecourse, where the

Meydan Grandstand takes centre stage and is home to the Dubai World Cup; Meydan Metropolis, a series of

state-of-the-art business parks; Meydan Horizons, where business towers intermingle with luxury waterfront

developments, and Meydan Godolphin Parks, with its distinctive Godolphin Tower created in the image of a

thoroughbred, where the shopping destination Signature Mall is located.

Located in the heart of Dubai, Meydan Free Zone offers international free zone trading status with highly competitive

start-up costs without compromising on standards in location and ease of incorporation. Meydan Free Zone offers

state of the art telecommunications and high-speed internet connectivity.

Having the flexibility to operate through a flexi desk as opposed to having to get a full-time office makes it easier for

you to focus on maximizing your business without having to pay high commercial rental fees.

Advantages of setting up in MFZ

•

100% business ownership for expats and sole shareholders are allowed.

• Ability to operate through a flexi-desk.

• Premier location for new businesses in Dubai.

• Strategic location near Mohammed Bin Rashid Al Maktoum City, close proximity to the Dubai

Logistics Corridor.

• Secure regulated environment.

• Guaranteed 50-year tax holiday on personal and corporate tax.

•

100% capital repatriation.

• Seamless and efficient licensing and registration procedure.

• Type of licenses offered are Manufacturing / Industrial, Trading and Services.

Structuring of business operations in the Free Zones

The business operations in MFZ can be structured in either one of the following ways:

• Branch of a foreign/local company.

• Free Zone Sole Establishment (FZE) - one shareholder - minimum share capital AED 100,000; bank deposit

of capital required

• As a Free Zone Limited Liability Company (FZ LLC)- 2 - 7 shareholders - minimum share capital AED

100,000. bank deposit of capital required

FREE ZONES IN THE UAE

Dubai Silicon Oasis (DSO)

Dubai Silicon Oasis is an exciting global collaborative initiative, combining decisive forces that shaped the

semiconductor industry under the leadership of Dubai Airport Free Zone Authority. A combination of forces that

triggered off a paradigm shift in the worldwide semiconductor industry, to new locations, whilst establishing Dubai

as a key centre of future developments in semiconductors.

Dubai Silicon Oasis is spread across 6.5 million square meters and is the first and only purpose-built industrial park

for the semiconductor industry and represents businesses across the semiconductor value-chain.

Spread across 6.5 million square meters, DSO provides:

• Developed land for customized buildings.

• Ready-built space (with power, water, telecom, datacom).

Dubai Silicon Oasis is the definitive environment for the global semiconductor industry and provides every facility

required for success in today’s fast-changing world - from incubators, to networking and outsourcing support,

business linkups, venture capital, consulting, etc.

The most authoritative and comprehensive portal on the semiconductor industry will be managed out of DSO,

which will knit together the significant players in the semiconductor industry. The portal will be configured to be an

excellent marketing vehicle with the potential to create enormous business opportunities.

The Dubai Silicon Incubation Centre (DSIC) at DSO provides the facility for Broadband and Wireless Incubation for

the development and commercialization of Intellectual Property and is helping in creating regional enterprises at the

top end of the technology spectrum.

Features

• World-class campus, exquisite layout.

• Plug-and-play facilities.

• Comprehensive support facilities for IC companies.

• All suppliers and service providers under one roof - cost and time savings.

• Mutually - supporting community - joint projects, shared facilities.

• Type of company activities would include CAD/CAE companies, design companies, packaging companies,

testing companies, etc.

Forms of registration

• Branch of foreign company.

• Branch of a UAE company.

• Free Zone Company (FZCO) - minimum share capital is AED 10,000.

• Free Zone Establishment (FZE) - minimum share capital is AED 10,000.

FREE ZONES IN THE UAE

Dubai Development Authority

In 2014, His Highness Sheikh Mohammed bin Rashid Al Maktoum, issued “Law No. 15 of 2014 concerning the

Creative Clusters in the Emirate of Dubai”. A new mandate to lead the development of Dubai’s creative industries

in support of the Dubai Innovation Strategy led to DTMFZA being renamed as Dubai Creative Clusters Authority.

In 2018, the name changed to Dubai Development Authority (DDA). The change reflects the entity’s new broader

mandate overseeing development control, municipal, economic and immigration functions across select free zone

clusters and other communities by various master developers throughout Dubai.

The Authority is mandated to play a major role in the future growth of Dubai’s economy and set global standards

for urban planning, real estate development, and municipal and business services. The Authority is committed

to become the enabler of business-friendly environments fostering business excellence for all its stakeholders,

including real estate developers and all strategic partners contributing to the economy of Dubai.

The Authority focuses on three main streams delivering:

• Real estate planning and development control,

• Regulatory and licensing services governing all strategic projects and industries within its jurisdiction

• Industry development.

The Authority’s focus is to elevate its services, guidelines, and standards to become a leader on a global level

demonstrating competitiveness in cutting edge transformation and excellence.

DDA has identified 7 strategic objectives that underpin the successful delivery of its mandate to support Dubai’s

strategy for innovation:

• Ensure world-class infrastructure and activate a vibrant community.

• Develop business-friendly regulations and ease of doing business.

• Increase the size and skills of the creative talent pool.

• Foster entrepreneurship, SMEs and innovation.

• Foster dynamic industry ecosystems.

• Deliver high quality research, analysis and insights.

• Optimize organizational effectiveness and invest in our people.

DDA regulates a Free Zone comprising of 9 clusters catering to the needs of 7 creative and other knowledge-based

industries. DDA is responsible for providing the regulation and policy framework to enable the growth and long-term

competitiveness of these clusters. These clusters are owned and operated by TECOM Group, Dubai’s pioneering

master developer of industry focused clusters. In each cluster, start-ups, established leaders and talented workers

in the same industry co- locate to create vibrant hubs for creativity and innovation that drive economic growth in

Dubai’s knowledge-based economy.

FREE ZONES IN THE UAE

Dubai Internet City (DIC)

Dubai Internet City (DIC) is a part of the DDA Free Zone cluster. It was formed under Law No. 1 of 2000 of the

Emirate of Dubai. DIC provides a knowledge-economy ecosystem that is designed to support the development of

Information and Communications Technology (ICT) companies. It is the Middle East’s biggest IT infrastructure built

inside a Free Trade Zone.

DIC is fully supported by the Government of Dubai and has established Free Zone-specific corporate laws that

empower the companies in the community and help them grow. Within a short span of time many global ICT

companies have established themselves in Dubai Internet City.

Dubai Internet City is a strategic base for companies targeting emerging markets in a vast region extending from the

Middle East to the Indian subcontinent and Africa to the CIS countries, covering 1.6 billion people.

Dubai Internet City (DIC) is a global business and technology community that is home to over 1,600 businesses of

all sizes, including Fortune 500 companies, SMEs, start-ups and entrepreneurs.

Features

• State-of-the-art technology.

• World class technical infrastructure (high bandwidth, low telecom cost, high speed support infrastructure

etc.) built by CISCO, SUN MICROSYSTEMS, SIEMENS.

• State-of-the-art urban infrastructure (cost competitive, flexible office space, etc);

• Largest commercial internet protocol telephony system in the world.

• Stringent cyber regulations.

• Rich network that companies can tap for resources, partnerships and ideas.

• Easy and fast company registration and licensing procedures.

• Lease for up to 20 years

• Type of company activities include Software Development, Business Services, Web Based and

e-Commerce, Consultancy, Education and Training, Sales and Marketing and Back Office Operations, etc.

Forms of registration

• Branch of a foreign company -no minimum capital required.

• Branch of a UAE company-no minimum capital required.

• Free Zone Limited Liability Company (FZ-LLC) - Minimum share capital is AED 50,000 and the maximum

depends on the authorities after review of the business plan.

FREE ZONES IN THE UAE

Facility costs and type of license

Facility

Size

Cost in AED per annum

Office

From 40 sq. m

1,900 per sq.m

Registration Fee one time (FZ-LLC) AED 3,500

Registration Fee one time (Branch) AED 3,500

Segment / Activity

No of Activities allowed

Cost in AED per

within the segment

annum

Internet and Multimedia

Five

15,000

Software

Five

15,000

Telecommunication and Network

Five

15,000

IT Service

Five

15,000

*The figures are indicative and subject to change

Freelancer Permit

DIC also allows for issue of free-lancer permits. These permits are earmarked for individuals in the field of

technology for specified activities. These permits can be applied for by individuals, even if they are working

full-time, provided they can obtain a no-objection certificate (NOC) from their employers. Such permits allow

the person to work as an independent contractor with that company and from that company’s premises in the

free zone. Although the permit does not allow the holder to sponsor any employees, once their residence visa

is stamped, the person can sponsor his own family / dependents.

Particulars

Cost in AED

Freelancer permit

7,500*per annum

*excluding VAT

*does not include cost of visas

FREE ZONES IN THE UAE

Dubai Outsource City (DOC)

Dubai Outsource City is the World’s first Free Zone dedicated to the outsourcing industry. Dubai Outsource City

(DOC) provides a comprehensive infrastructure and environment for outsourcing companies to set up global or

regional hubs servicing the worldwide market. DOC is yet another initiative of Dubai Technology and Media Free

Zone. Dubai Outsource City (DOC) is a unique business community dedicated to the growth and development of

the region’s outsourcing, shared Services and business process outsourcing sectors.

Dubai Outsource City is an initiative of Dubai Internet City, the state-of-the-art global hub within Dubai. It is the

perfect base for companies that provide mid to high-end IT and business processes outsourcing (BPO) services.

Some of the key sectors covered are finance, accounting, IT, payroll processing, graphic design, engineering,

biotech, R&D and design. It also serves as a centre for disaster recovery facilities for call centres located offshore

elsewhere in the world. The Zone caters to offshore requirements from Europe, USA, the Middle East, Asia

and Africa.

DOC provides a custom-made infrastructure to enable outsourcing companies to set up efficient operations as well

as support their development. The package of telecom services includes reliable and abundant high-bandwidth

connectivity, IP telephony, automatic call distribution (ACD), interactive voice response (IVR) and predictive dialing

systems, satellite communication services as well as technical and infrastructure support. These facilities form part

of a plug-and-play infrastructure which helps offshore service providers start operations quickly with minimal

upfront investment.

Features

•

100 % exemption from taxes.

•

100 % repatriation of capital and profits.

• Host of support Services to eliminate problems faced by outsourcing companies and to reduce operational

hassles for outsourcing service providers. They include Speedy Incorporation & Trade Licensing, Hospitality

Services and Event Management Services, etc.

• Facilities to plug-and-play infrastructure which helps offshore service providers to start operations with

minimal upfront investment.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Limited Liability Company (FZ LLC) - minimum share capital AED 300,000.

FREE ZONES IN THE UAE

Dubai Media City (DMC)

Dubai Media City (DMC) was formed under Law No. 1 of 2000 of the Emirate of Dubai. Dubai Media City has rapidly

emerged as a global media hub. The City provides an advanced infrastructure and supportive environment for

media-related businesses to operate globally out of Dubai.

DMC is fully supported by the Government of Dubai and has established Free Zone-specific corporate laws that

empower the companies in the community and help them grow. The facility offers an environment that allows

companies and individuals to operate with collective synergy and freedom. Dubai Media City emphasizes “The

Freedom to Create”.

DMC brings to the media community, an advanced infrastructure based on a global interconnected network,

linked by satellites, computers, internet, television, radio, journalism, cinema and film production. The City is

already home to many international companies including global giants such as CNN, Reuters, Sony Broadcast &

Professional, McGraw Hill Publishing, Bertelsmann, and MBC, along with regional companies and new start-ups.

Features

• The most advanced scalable IT network.

• Satellite Uplink / Downlink facilities.

• Postproduction studios and facilities.

• Shared Business Centres;

• Customer Care Centre (provides all technical and support service);

• Special facilities for professional freelancers.

•

50-year lease contract for land and building.

• Types of company activities include broadcast services, music, video/audio publishing, production and

post-production, advertising agencies, studios, etc.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Limited Liability Company (FZ LLC) - Minimum share capital is AED 50,000 and the maximum

depends on the authorities after review of the business plan.

Facility costs and type of license

Facility

Size

Cost in AED per annum

Office

500 sq. ft onwards

190 per sq. ft

Business Centre

Varies

350 - 450 per sq. ft

Registration Fee one-time (FZ LLC) AED 3,500

Registration Fee one-time (Branch) AED 3,500

FREE ZONES IN THE UAE

Segment / Activity

No of Activities allowed

Cost in AED per

within the segment

annum

Advertising & Communication

One

20,000

Media & Marketing Services

Four

15,000

Media Support Services

Two

15,000

Event Management

Five

15,000

Event Support Services

One

15,000

Media & Consultancy

One

15,000

New Media Marketing

Five

15,000

Business Information

One

15,000

Freelancers

Three

7,500

Media Association (Non-Profit)

One

15,000

*The figures are indicative and subject to change

Freelancer Permit

DMC also allows for issue of free-lancer permits. These permits are earmarked for individuals in the field of

media for specified activities. These permits can be applied for by individuals, even if they are working full-

time, provided they can obtain a no-objection certificate (NOC) from their employers. Such permits allow the

person to work as an independent contractor with that company and from that company’s premises in the free

zone. Although the permit does not allow the holder to sponsor any employees, once their residence visa is

stamped, the person can sponsor his own family / dependents.

Particulars

Cost in AED

Freelancer permit

7,500*per annum

*excluding VAT

*does not include cost of visas

FREE ZONES IN THE UAE

Dubai Production City (DPC)

Dubai Production City (DPC) was the first dedicated trade zone created in the region for media-related production

activities. The initiative, which is a part of Dubai Technology and Media Free Zone and His Highness Sheikh

Mohammed’s vision to develop Dubai into a media hub, provides a highly pro-business environment and a

complete technology and community infrastructure to support and foster the growth of media production.

DPC is a unique cluster environment for media production companies from across the industry value chain and

from across the world to interact and collaborate effectively. DPC caters engaging in Graphic Art, Publishing and

Packaging, thus providing a pro-business environment, sophisticated technology and community infrastructure to

support and foster the growth of media production.

Companies joining DPC can avail of 100% ownership. Exempt from almost all corporate taxes and personal

taxes including those for machinery, equipment, raw materials and spares utilized by the industry. Co-existing at

a single location will enable print companies to coordinate production activities efficiently with feeder companies

like machinery and equipment providers and suppliers of raw materials and spares. For small and medium-sized

businesses, the time and costs involved in sourcing requirements will be considerably reduced, as they can avail of

several shared services.

Superior infrastructure for various activities, available as leasehold land and distinct units for printing, production

and warehousing. Printing companies also have the option of taking multiple units or having a combination of both

land and production units.

DPC deploys and promotes eco-friendly industrial environments, where tested concepts and practices are adopted

to recycle waste and enable companies to utilize each other’s by-products instead of disposing them as waste.

Renewable energy sources are included in the site’s infrastructure to guarantee reliable and clean power.

The clusters allowed in DPC are Printing and Manufacturing Machinery, Printing Press, Packaging, Publishing, New

Media like Digital and Interactive Game Development, Media Services and Storage.

Features

• State-of-the-art communications.

• High-quality thermally insulated production units.

• Complete facility for production operations.

• The land can be leased for 30 years.

• Type of company activities would include pre-press, printing, post-press, distribution services, logistics

services, support service providers, etc.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Limited Liability Company (FZ-LLC) - share capital is dependent on the business activity and

varies from AED 50,000 to AED 500,000.

FREE ZONES IN THE UAE

Facility costs and type of license

Facility

Size

Cost in AED per annum

Office space

Starts at 80 sq. ft.

AED 95 - 200 per sq. ft.

Production/Warehouse units

Starts at 8,276 sq. ft.

AED 55 per sq. ft.

with attached offices

Registration Fee (one time) AED 3,500

Segment / Activity

No of Activities allowed

Cost in AED per

within the segment

annum

Printing & Packaging Machinery

Two

15,000

Printing Consumables

Two

15,000

Printing Press

Five

15,000

Signage & Exhibition (except

Three

15,000

Fabrication and Production)

Signage & Exhibition - Fabrication

One

25,000

and Production

Packaging (except Paper

Five

15,000

Packaging and Recycling Product

Manufacture)

Packaging - Paper Packaging

One

25,000

and Recycling Product

Manufacture

Publishing

Five

20,000

Publishing Support Service

Four

15,000

Promotional Services

One

15,000

General Warehousing

One

15,000

*The figures are indicative and subject to change

FREE ZONES IN THE UAE

Dubai Studio City

Dubai Studio City is a Free Zone dedicated to facilitating the creation and development of an environment and

world- class infrastructure to foster the growth of the television, film and music industries in the region. DSC is also

a part of the DDA Free Zone Cluster.

Designed to accelerate the growth of the broadcast, film, television and music production industries, Dubai

Studio City is an ultra-modern facility integrating every component of content production & broadcast under one

roof. Spread across 22 million square feet, it includes production, post-production, broadcast, equipment rental,

freelancers, commercial offices, business centre and satellite facilities among others.

It also has residential areas, hotels, an entertainment centre, film schools and training institutes. This unique

combination of world-class infrastructure, qualified professionals and unique networking environment makes it

the ideal location for creative people to unleash their imagination. DSC offers an industry cluster environment with

excellent networking opportunities. With all the elements of the film entertainment industry under one roof, support

services such as marketing and ancillary services are also available, making Dubai Studio City an ideal destination

for the audio-visual industry.

Over the past few years, the audio-visual industry has witnessed a revolutionary change. With the rapid increase in

the number of TV channels, the fastest-growing media industry today is TV Content Production and Distribution.

Technically advanced animation films are gaining popularity, as digital portable devices reinvent the music industry.

In such a pulsating scenario, it makes sound business sense to invest in a cost-competitive development like Dubai

Studio City which has the potential to make history.

Dubai Studio City attracts investors from the production and broadcast industries. Companies providing support

services like animation, dubbing, make-up, costume design, casting, talent agencies are also invited to be a part

of Dubai Studio City. Film schools and universities offering accredited programs, as well as film workshops and

short courses are made available at Dubai Studio City. The institutes and education centres help identify and groom

future talent for the industry.

Features

• Industry Cluster Environment.

• Advanced and scalable Telecoms and Broadband.

• Networking Opportunities.

• Tap into the creative and innovative energy in the zone for new ideas.

• Excellent networking opportunities in the Media Hub.

• Commercial, residential, educational and recreational facilities.

• Type of company activities include TV and radio broadcasting, broadcast management, filmed

entertainment, film production / post production, sound production, various production services, music &

entertainment etc.

FREE ZONES IN THE UAE

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Limited Liability Company (FZ-LLC) - share capital is dependent on the business activity and

varies from AED 50,000 to AED 2,500,000.

Facility costs and type of license

Facility

Size

Cost in AED per annum

Commercial

From 500 sq. ft.

105 per sq. ft.

Registration Fee one-time (FZ-LLC) AED 3,500

Registration Fee one-time (Branch) AED 3,500

Segment / Activity

No of Activities allowed

Cost in AED per

within the segment

annum

Broadcasting TV: TV Station /

One

25,000-40,000

Network-Satellite/Terrestrial/

Internet TV

Broadcasting Radio: Radio

One

25,000-40,000

Station-Satellite

Broadcasting

One

40,000

Satellite

One

25,000

Broadcast Support Services

One

15,000

Broadcast Service Providers

One

15,000

Digital Content Creation

Two

15,000

Film Support Services

Two

15,000

Production (Film/ TV and Radio)

Three

15,000

Production Support Services

Three

15,000

Music and Entertainment

Two

15,000

Themed Amusement and

One

15,000

Recreation Activities

*The figures are indicative and subject to change

FREE ZONES IN THE UAE

Dubai Knowledge Park (DKP)

DKP is the world’s only free zone dedicated to Human Resource Management and learning excellence.

Established in 2003 as part of TECOM Group, Dubai Knowledge Park (DKP) aims to develop the region’s talent

pool and establish the UAE as a knowledge-based economy. DKP is a unique hub that offers the best selection of

programmes in Human Resource Management (HRM), Consultancy, Training and Personal Development. Students

receive diplomas and certificates of the highest calibre from DKP’s top-class Business Partners.

Dubai Knowledge Park provides flexible solutions with support from its innovative customer service team. With their

assistance, DKP business partners have set up training centres, institutes and HR agencies to sustain and secure

their market share in this booming sector.

Features

• Government support services.

• Conference centres and dormitories.

• Multimedia library and other common facilities.

• The facilities can be leased for up to 50 years.

• Type of company activities include IT and Media Corporate Schools, Executive Education Centre, HR

Development Centre, Professional Training Centres, Vocational Training Centres, Assessment Centre,

Testing Centre, Linguistic Institute, Innovation Centre, Academic Service Provider, School, e-Learning

Provider, etc.

Forms of registration

• Branch of a foreign company - no minimum capital required.

• Branch of a UAE company - no minimum capital required.

• Free Zone Limited Liability Company (FZ-LLC) - minimum share capital is AED 50,000.

Facility costs and type of license

Facility

Size

Cost in AED per annum

Closed office / Exec temp

Varies

60,000 onwards

Offices

Commercial office (unfurnished)

No space limit

190 sq. ft.

Retail Office

Various sizes

200 sq. ft. onwards

Registration Fee one-time (FZ LLC) AED 3,500

Registration Fee one-time (Branch) AED 3,500

FREE ZONES IN THE UAE

Segment / Activity

No of Activities allowed

Cost in AED per

within the segment

annum

Professional and Management

Three

15,000

Development Training

Computer Training

One

15,000

Language Training

One

15,000

Fine Arts Training

One

15,000

Child Skills Development Training

One

15,000

Tutoring Services

One

15,000

Technical & Occupations Skills

Three

15,000

Human Resources Consultancy

Three

15,000

Research & Development

One

15,000

Content Development

One

15,000

Assessment and Testing

One

15,000

Executive Search

One

15,000

Freelancers

One

7,500

Association (Non-Profit)

One

15,000

*The figures are indicative and subject to change

Freelancer Permit

DKP also allows for issue of free-lancer permits. These permits are earmarked for individuals in the field of

education for specified activities. These permits can be applied for by individuals, even if they are working full-

time, provided they can obtain a no-objection certificate (NOC) from their employers. Such permits allow the

person to work as an independent contractor with that company and from that company’s premises in the free

zone. Although the permit does not allow the holder to sponsor any employees, once their residence visa is

stamped, the person can sponsor his own family / dependents.

Particulars

Cost in AED

Freelancer permit

7,500*per anum

*excluding VAT

*does not include cost of visas

FREE ZONES IN THE UAE

Dubai International Academic City

Dubai Knowledge Park (DK) launched Dubai International Academic City (DIAC), the World’s only Free Zone

dedicated to international higher education. Located in Dubai Academic City, DIAC serves as the regional base

for premier international higher education institutions. Spread across an area of 25 million square feet, the DIAC

campus provides an intellectually inspiring environment for students and faculty.

Dubai Academic City already houses seven universities. DIAC only houses international universities separating them

from other public colleges and institutions in the area.

This thriving knowledge community was founded as part of a long-term economic strategy to develop the region’s

talent pool, to accelerate its move into a knowledge economy. Benefits for DIAC investors include 100% foreign

ownership, 100% tax free and 100% repatriation of profits. There are currently many international universities of

higher learning from diverse regions including Australia, India, Pakistan, Iran, Russia, Belgium, the UK and Ireland

operating out of DIAC. However, the authority expects to further house 25 international universities to cater to more

than 30,000 students in the future.

These institutions offer programs that range in duration from one year to four years. Major academic programs on

offer include engineering, computer science, fashion and design, biotechnology, environmental studies, quality

management and business management programs.

The selection of international universities depends on a number of criteria including university ranking, strength and

programs that correspond to the UAE’s industry needs. DIAC is spread across an area of 25 million square feet.

There are areas dedicated to the international education zone, research and development centres, sports facilities,

student unions and student and faculty accommodations.

However currently there is no mandate for the international universities based in DKP to move to the DIAC. The set-

up in DKP is not as appropriate for the universities that need to expand as DKP will focus more on house training

and human resources companies. At DIAC universities have the option of either building their own campus or

moving into the ready-made buildings.

Features

• Government support services.

• Wellness centres, dining facilities and entertainment venues including movie theatres, gaming centres etc.

• Student Accommodation.

• Sports centres;

• Multimedia library and other common facilities.

• Type of company activities include Universities, colleges, sports facility management, library management,

accommodation service provider, academic support services, etc.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Limited Liability Company (FZ-LLC) - minimum share capital varies and depends on the

authorities after review of the business plan.

FREE ZONES IN THE UAE

Dubai Science Park (DSP)

Dubai Science Park (DSP) is the region’s first Free Zone community that serves the entire value chain of the science

sector, dedicated to supporting scientific Entrepreneurs, SMEs and multinational enterprises. Designed specifically

for the needs of businesses and professionals who work in life sciences, DSP fosters an environment that supports

scientific research, creativity, innovation and passion. By providing ample office and laboratory space, a robust

infrastructure and a vibrant community for residents, DSP ensures a supportive eco-system for businesses to

flourish and bring about sustainable change and improvement to the world around us.

DSP is a special destination for clean energy and environmental technology companies to operate and a fully

integrated knowledge community that includes programs, services, partnerships and amenities to support

the success of environment companies and their employees. The park creates a comprehensive eco-friendly

community while ensuring a high level of welfare and quality of living for residents and workers. DSP works with

leading energy and environment companies to ensure best practices and policies are implemented in every element

in the design and construction of the park.

DSP has renewable and efficient water utilities, as well as clean and efficient transportation facilities as part of its

infrastructure. Intelligent building systems, including energy management control, renewable energy production

monitoring, fire alarm monitoring and security systems, are the features of the park. The park also emphasizes on

Clean Vehicle technologies (retrofit/showcases), circulation within the zone is dedicated to green cars certification

standards, fully pedestrian friendly area, renewable and efficient utilities: water conservation and reclamation, gas/

hydrogen infrastructure.

Features

•

100% tax free and 100% foreign ownership.

• No corporate tax and income tax for 50 years.

• No customs duty.

• Full currency convertibility.

• Hassle-free company laws and legal framework.

• Designed specifically for needs of businesses and professionals who work in life sciences.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Limited Liability Company (FZ LLC) - minimum share capital is AED 50,000-300,000.

FREE ZONES IN THE UAE

Facility costs and type of license

Facility

Size

Cost in AED per annum

Land

Varies

Executive Office

1000 sq.ft

120 - 180 per sq. ft

Serviced Office

Varies

25,000 - 85,000

Laboratory

Varies

160 per sq. ft

Warehouse

Varies

60 per sq. ft

Registration Fee one-time (FZ-LLC) AED 3,500

Registration Fee one-time (Branch) AED 3,500

Segment / Activity

No of Activities

Cost in

allowed within

AED per

the segment

annum

Therapeutics (except Manufacturing and Production)

Five

15,000

Therapeutics - Manufacturing and Production

One

25,000

Food (except Manufacturing and Production)

Five

15,000

Food - Manufacturing and Production

One

25,000

Agricultural, Forestry, Horticulture (except

Five

15,000

Manufacturing and Production)

Agricultural, Forestry, Horticulture Manufacturing and

One

25,000

Production

Environment (except Manufacturing and Production)

Five

15,000

Environment - Manufacturing and Production

One

25,000

Medical/Scientific Devices or Equipment (except

Five

15,000

Manufacturing and Production)

Medical/Scientific Devices or Equipment -

One

25,000

Manufacturing and Production

Specialty Supplies (except Manufacturing and

Five

15,000

Production)

Specialty Supplies - Manufacturing and Production

One

25,000

Diagnostics and Analysis

Four

15,000

Life Science Services

Five

15,000

Life Science Associations (Non-Profit)

One

15,000

*The figures are indicative and subject to change

FREE ZONES IN THE UAE

Dubai Design District (d3)

d3 is home to the region’s growing community of creative thinkers. It plays a key element in Dubai’s vision to

transform into an innovation-led economy, and aims to engage, inspire and enable emerging talent as well as

providing a platform to showcase Arab creativity to a larger, global audience.

d3 is the latest addition to Dubai’s free zone jurisdictions. Located adjacent to Dubai’s Business Bay area, with

an envisioned acreage of over 25 million square feet, d3 is poised to attract leaders in the art, fashion and design

industry, with a view to attracting international fashion and design brands and to develop Dubai into a regional hub

for the sector. d3’s mantra is to be the beating heart of the Middle East’s design scene; a creative community where

local designers rub shoulders with global brands. The idea is to nurture local talent in the hope that the next global

brand will come out of Dubai”.

Although construction of d3 is yet to be completed, it is already accepting numerous applications for registering

corporate entities and is already issuing licenses. Importantly, entities licensed prior to the completion of

construction of d3 will be permitted to operate from offices located anywhere in Dubai, until such time construction

of d3 facilities is completed and the physical launch of d3 takes place.

Features

•

100% tax free and 100% foreign ownership.

• No corporate tax and income tax for 50 years.

• No customs duty.

• As an incentive to set up in d3, its rules permit the migration into d3 of companies set up in free zones

administered by TECOM or the DIFC.

• Entities set up in d3 can apply for two licenses enabling them to operate within d3 as well as in the Dubai

mainland.

• d3, on a case-by-case basis, may permit 100% foreign ownership of restaurant businesses and, similarly to

the DIFC, select venues may be awarded with alcohol licenses.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Limited Liability Company (FZ LLC) - minimum share capital varies from AED 50,000 to AED

100,000 depending on the authorities after review of the business plan.

Facility costs and type of license

Facility

Size

Cost in AED per annum

Shell and Core Office

From 1000 sq. ft.

AED 180 per sq. ft.

Registration Fee one-time (FZ-LLC) AED 3,510

Registration Fee one-time (Branch) AED 3,510

FREE ZONES IN THE UAE

Dubai International Financial Centre

(DIFC)

DIFC was initiated by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister

of the UAE and Ruler of Dubai. He had the original vision to create an international financial centre in Dubai. The

DIFC is expected to make a strong contribution to the GDP growth of Dubai, as well as that of the UAE and the

region as a whole.

DIFC is an “onshore” financial centre, offering a platform of choice for leading financial institutions and service

providers looking to do business in the region. It has been established as part of the goal to position Dubai as a

recognized hub for institutional finance, and as the regional gateway for capital and investment. It aims to play

a pivotal role in meeting the growing financial needs and requirements of the region, while strengthening links

between the financial markets of Europe, the Far East and the Americas.

With the recent economic development, rapid expansion of trade, population growth and the vast infrastructure

projects currently underway, there is a growing requirement for a financial centre to serve the rapidly expanding

needs of institutions and governments in this region. The DIFC is a Federal Financial Free Zone attached to the

Government of Dubai, established in accordance with UAE Federal Law and by Dubai Law. The President of DIFC is

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Ruler of Dubai.

The DIFC concept has evolved as a means of:

• Providing depth to the regional financial markets by broadening the range of traditional methods of

financing currently provided by regional banks. Attracting liquidity back into investment opportunities within

the region, thereby contributing to its economic growth.

• Facilitating planned privatizations in the region and enabling initial public offerings of privately owned

companies, thus providing impetus to the programme of deregulation and market liberalization throughout

the region.

• Contributing to the development of regional stock markets which, in turn, will contribute towards

broadening the capital and ownership base of private sector companies; and promoting the growth of

Islamic finance and the development of the region’s reinsurance sector.

NASDAQ DUBAI (Formerly known as the Dubai International Financial Exchange Limited {DIFX}), a subsidiary

of the DIFC Authority, is expected to play a major role in the development of regional capital markets by

attracting key regional companies to list their shares and other issued securities on the exchange. This, in turn,

is expected to attract international investors and encourage additional portfolio flows to the region, thereby

accelerating the process of the region’s integration with world markets.

DIFC has three independent bodies overlooking its operations, which enable it to function as a self-contained

financial service centre and each body is assigned independent functions. These are DIFC Judicial Authority

(DIFC Courts), DIFC Authority [with its subsidiary DIFC Investments and NASDAQ DUBAI and Dubai Financial

Services Authority (DFSA)]

FREE ZONES IN THE UAE

DIFC business activities

Business Activity

Description of Activities

Financial services

Regulated by DFSA

Authorized Firms (AF)

Businesses engaged in financial services

Ancillary Service Providers (ASP)

Businesses engaged in the provision of legal or accounting services

Authorized Market Institutions (AMI)

Businesses engaged in operating an exchange and/or a clearing house

Non-financial services*

Non-regulated

* Business not engaged in financial services, i.e. business infrastructure, corporate offices, and professional services,other than law and

accounting firms, and other firms not involved with financial services.

Legal restrictions on authorized firms in DIFC

• DIFC entities may not offer any products or services to the retail market.

• Insurance activities in the UAE are restricted to re-insurance.

• UAE federal laws regarding the Criminalization of Money Laundering apply, while federal civil and

commercial laws do not apply.

• DIFC entities may not take deposits, deal and offer any products or services in UAE dirham.

• All DIFC licensed entities must be resident in the DIFC. If no space is available in DIFC, the entity may apply

to be resident in Dubai until such time space is available.

While the DFSA permits a wide range of financial services to be carried out from within the DIFC, some

restrictions apply. Authorized Firms are not permitted to undertake the following activities:

• Dealing with an individual client with less than US$ 1 million in liquid assets.

• Dealing with an institutional client with share capital or net assets less than US$5 million.

• Accepting deposits from the UAE market.

• Conducting insurance business with individuals.

• Providing money services unless it is connected with another financial service for which the firm

is authorized.

Features

• Internationally accepted laws and regulatory processes.

• A world-class, independent, regulatory agency working alongside other financial regulatory agencies

located in major global jurisdictions.

• A fully transparent operating environment, complying with global best practices.

• A dollar denominated environment.

• An international stock exchange with primary and secondary listings of debt and equity instruments.

• A variety of legal vehicles that may be established with capital structuring flexibility.

FREE ZONES IN THE UAE

DIFC focuses on several sectors of financial activity like Banking Services (Investment Banking, Corporate

Banking and Private Banking); Capital Markets (Equity, Debt Instruments, Derivatives and Commodity Trading);

Asset Management and Fund Registration; Insurance and Re-insurance; Islamic Finance; Business Processing

Operations and Ancillary Services.

Entities can be set up in DIFC either as:

• Authorized firms.

• Authorized market institutions.

• Ancillary service providers.

Authorized Firms (AF): Authorized Firms in DIFC are categorized into five distinct license categories

depending on the type of activity that the firm will be undertaking. Each of these categories of licenses has its

own rules and capital requirements. The financial services described under each group are the determinants

for the relevant category.

Category 1 Accepting Deposits

Providing Credit

Dealing in Investments as

Principal

Category 2

Dealing in Investments as

Providing Trust

Managing Assets

Providing

Agent

Services

Custody

Operating a Collective

Acting as the Trustee

Managing a profit-

Arranging

Category 3 Investment Fund

of a Fund

sharing investment

credit or deals

account

in investments

Investment Fund

Advising on Financial

Operating an Alternative

Providing Fund

Products or Credit

Trading System

Administration

Category 4

Arranging Credit or Deals in

Arranging Custody

Insurance Intermediation

Investments

An Islamic Financial

Category 5

Institution

Apart from offering financial services specified under a particular Category, the AF can also provide services

included under lower categories. For instance, an AF in Category 1 can additionally offer financial services as

listed under Category 2, 3 and 4. However, the reverse is not permitted.

Ancillary Service Providers (ASP): under the DFSA definition, ASPs include law firms and accounting firms

that at the time of application provide services to one or more licensed institutions.

Authorized Market Institutions (AMI): under the DFSA definition, AMIs include entities which carry on, or

intend to carry on, the financial service of operating an exchange and/or a clearing house in, or from, DIFC.

Forms of registration

DIFC allows for the establishment of 100% foreign owned companies, whether as a branch of an already

existing foreign company or as a 100% incorporated company within DIFC.

The types of legal entities that can be incorporated/ registered in DIFC vary for financial services, and non-

financial services. The principal forms of legal entities available within DIFC include:

FREE ZONES IN THE UAE

• Company Limited by Shares (LTD);

• Limited Liability Company (LLC);

• Limited Liability Partnership (LLP);

• Limited Partnership (LP);

• General Partnership (GP);

• Branch of a Foreign Entity (Recognized Entity);

• Representative office.

Capital requirement

Authorized Firms: Each of the five categories of AFs has its own capital requirements, as specified in the

table below:

Authorized Firms

Base capital requirement

Category 1

USD 10 million

Category 2

USD 2 million

Category 3

USD 500,000

Category 2 or 3 that provide custodial services to collective investment funds

USD 4 million

or are depositories of mutual funds/ open ended investment companies

Category 4

USD 10,000

Category 5

USD 10 million

Ancillary Service Providers: There are no minimum capital requirements for ASPs. However, ASPs must be

able to meet their liabilities as and when they fall due.

Costs (application and license fees)

• The application fees vary according to the provided Financial Services, and the number of employees

holding Authorized Individual status. The maximum overall application fee is capped at US$ 150,000.

• The Financial Services application fee will range from US$ 10,000 to US$ 50,000 depending on the

Financial Services a firm intends to conduct.

• The application fee for each Authorized Individual is US$ 1,000 (up to a maximum of US$ 50,000).

Fee - retail outlets - limited liability company / company limited by shares / foreign

recognized company

• Application for Reservation of Name - US$ 340.

• Application for Incorporation of a Limited Liability Company - US$ 3,400.

• Commercial License fee (payable upon incorporation and annual renewal) - US$ 5,100.

FREE ZONES IN THE UAE

International Humanitarian City

International Humanitarian City (IHC) is a global humanitarian and aid hub, given a Free Zone status in Dubai. IHC is

an independent Free Zone created by the Government of Dubai and chaired by HRH Princess Haya Bint Al Hussein,

Wife of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, Ruler of

Dubai. IHC consolidates Dubai as an essential link in the humanitarian value chain.

International Humanitarian City (IHC) aims to facilitate aid and development efforts by providing local and

international humanitarian entities with facilities and services specifically designed to meet their needs. Nearly 60

organizations and commercial companies including UN Agencies and NGOs are currently registered with IHC. IHC

is a non-religious, non- political and non-profit organization. IHC brings together United Nations agencies, local

and international aid and development organizations, commercial companies and other stakeholders in a secure

environment that fosters partnerships, social responsibility and global change.

Features

• Strategic location.

• Logistics hub.

• World class infrastructure.

• Ability to assimilate relief aid suppliers.

• Organizations and donors within an integrated city.

• Cost effective procurement options.

• Easy access to the port and the international airport.

• Types of organizations in IHC would include United Nations agencies, local and international aid and

development organizations, well established NGOs, commercial companies’ relief agencies, donors and

complementary business, etc.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• FZ LLC.

Facility costs and type of license

Type of License

Cost in AED per annum

NGO / IGO

6,500

Service/Commercial

15,000

Registration Fee (one time) - 15,000

* These figures are indicative and subject to change.

FREE ZONES IN THE UAE

Dubai Health Care City (DHCC)

Dubai Healthcare City (DHCC) is formed under Decree No. 1 of 2003. DHCC initiative is to provide the highest

quality of healthcare services to medical care and wellness seekers from the region (comprising GCC, Indian

Subcontinent, Northern Gulf, Central Asia, the Levant, North and East Africa) by creating a world-class cluster of

healthcare professionals and service providers in the heart of Dubai.

DHCC provides excellent medical care services in selected disciplines that are relevant to the health problems

facing patients in the region. The ‘core’ of the healthcare cluster economy is a University Medical Complex

consisting of a University Specialty Hospital, a Post-Graduate Medical School and Nursing School, and a Life

Science Research Centre. The combination of these three components has enabled Dubai to leapfrog to the

forefront of regional medical practices, establishing a position of regional leadership through leading edge education

and research, and thereby becoming a centre of excellence in global healthcare.

DHCC is a welcoming gateway for patients coming from abroad, visiting doctors, conference participants, post-

graduate interns and staff members. DHCC caters to both the medical and the wellness clusters. The Wellness

Cluster is a collection of independent businesses that are designed with the long-term health and wellness of the

patient or customer in mind. The holistic approach focuses on a customer’s wellbeing and enhancing the quality

of life.

Features

• Low operating costs.

• State-of-the-art medical facilities.

• Integrated healthcare community.

• Specialized first class medical care.

• Holistic centres, healthcare malls and other support services.

• The facilities could be leased or on free hold basis.

• The types of activities allowed in DHCC are wellness centres, nutrition centres, rehabilitation centres, health

resorts and spa, health farm, research centres, pharmaceutical companies, private hospital and clinics,

nursing school, science specialists, university complexes, tele-health and e-enabled services, etc.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Company (FZ LLC) -share capital varies, depending on the type of project.

- Clinical

- minimum AED 300,000.

— Non-Clinical

- minimum AED 50,000.

— Hospitals

- AED 1,000,000 or as advised by the authority.

FREE ZONES IN THE UAE

Dubai World Trade Centre (DWTC)

Established by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister,

Ruler of Dubai, the Dubai World Trade Centre Authority (DWTC Authority) provides a unique and highly desirable

proposition for businesses looking for an effective, competitive and well-regulated business ecosystem to compete

even more effectively regionally and globally.

A public corporation that enjoys corporate body status, financial and administrative autonomy and full legal capacity

to help it carry out its duties and activities, it will deliver a more flexible business-conducive environment in the heart

of one of the world’s most dynamic and cosmopolitan cities.

Under the jurisdiction of the DWTC Authority, the Free Zone spans locations within the iconic Dubai World Trade

Centre and the adjoining Dubai Trade Centre District, as well as at the upcoming new Dubai Trade Centre Jebel Ali,

adjacent to Al Maktoum International airport in Dubai South, when it comes online. DWTC is currently home to over

100 commercial tenants, including leading international companies such as Shell, General Motors and Halliburton,

with an average occupancy length of over nine years.

In addition to its existing real estate portfolio, DWTC is currently adding three international Grade-A office buildings

as part of its upcoming Dubai Trade Centre District (DTCD) - a high-end integrated mixed used real estate

development in the heart of Dubai’s Power Corridor. Offering premium commercial and retail space, DTCD will be

a business-conducive and professionally managed destination that serves as a strong incentive for global, regional

and local multinationals to headquarter their regional bases in Dubai.

Located between the iconic Dubai World Trade Centre and Jumeirah Emirates Towers - two symbols of Dubai’s

meteoric rise as a leading destination of international commerce - the DTCD development is being designed to

best-in-class quality standards and has achieved LEED® Gold precertification from the US Green Building Council.

With leasing and licensing opportunities available now across the Dubai World Trade Centre and Dubai Trade

Centre District, the Free Zone provides a strong incentive for multinationals to use Dubai as the springboard to enter

local and regional markets, as well as incentivizing global associations to establish a permanent, regional base in the

free zone, and allowing organizers to deliver a much more streamlined event participation and logistical experience

while also increasing attractiveness.

Features

•

100% foreign ownership.

•

100% repatriation of capital.

• Zero income tax for 50 years and renewable.

• Zero corporate tax for 50 years and renewable.

• No export tax.

• No restriction on currency and repatriation of funds.

• No restriction on hiring foreign employees.

• No restraints over the capital nationality.

• Freedom to initiate multi options for legal operating structures.

• Flexibility to determine prices of services or products and the profit margin desired.

• Stable and clear regulation.

FREE ZONES IN THE UAE

• One-stop-shop service that provides business partners with a variety of government services, including

company registration, licensing, visa and other services.

• Simplified incorporation process.

Forms of registration

The Free Zone offers a highly competitive, single-point of contact operation for corporations, affording them

a unique and flexible offering to operate seamlessly, including as an onshore registered business, under an

independent free-zone license or as a dual licensed entity from within the same zone. The types of companies

that can be formed at DWTC Free Zone are:

• Free Zone Establishment (FZE) - minimum capital is AED 1,000; bank deposit of capital required if capital

exceeds AED 300,000

• Free Zone Company (FZCO) - minimum capital is AED 1,000; bank deposit of capital required if capital

exceeds AED 300,000

• Branch of an L.L.C. (covers all Limited Liability Companies in the UAE);

• Branch of a Foreign Company.

Facility costs and type of license

Facility

Size

Cost in AED per annum

Non serviced offices

800-2500 sq. ft.

170 per sq. ft

Serviced offices

160-400 sq. ft.

350 per sq. ft (approx..)

Registration Fee FZE - AED 10,000

Registration Fee FZC - AED 15,000

Registration Fee LLC / Foreign Co. Branch - AED 5,000

Type of License

Cost in AED per annum

Commercial License

25,000

Professional License

25,000

Business Operating Permit Fee is applicable for entities already licensed by the Dubai Department of Economic

Development that want to obtain a lease and operate in the Free Zone. The fee is as follows:

Business Operating Permit Fee

AED 5,000

Renewal

AED 2,000

FREE ZONES IN THE UAE

Trakhees

Department of Planning and Development - Trakhees is deemed the regulatory arm of Ports, Customs and Free

Zone Corporation (PCFC) in Dubai and the agency responsible for licensing and regulating business in Special

Development Zones and areas. Department of Planning and Development - Trakhees consists of four

main departments:

• Civil Engineering Department.

• Commercial Licensing Department.

• Environment, Health and Safety Department.

• Corporate Excellence Department.

This Department started the implementation of its business in 2009, following the issuance of a decree by His

Highness, the Ruler of Dubai, No. 22, with respect to supervising the infrastructure, providing it with public

services, as well as imposing, defining and collecting fees of such services in special development zones. This

Decree stipulated and stated that services of “Trakhees” shall include lands, complexes and areas owned by

Ports, Customs and Free Zone Corporation, Dubai World or entities and subsidiaries of any of them in Dubai or

those located within the scope of their jurisdiction and authority, in areas defined by Ports, Customs and Free

Zone Corporation, or areas identified under a legislation issued by the Ruler of Dubai, including, but not limited

to, Nakheel, Limitless, Dubai Maritime City, Investment and Dubai Multi Commodities Centre (DMCC).

Department of Planning and Development has been keen and eager that its Strategic Plan 2016 will achieve

the goals of Dubai Strategic Plan 2021. It is worth mentioning that the vision and mission have been

reformulated, from which “Trakhees” can start its business to keep pace with the escalating development in

the sustainable economic development of the emirate and support the comprehensive development of Ports,

Customs and Free Zone Corporation’s overall performance.

In addition, Department of Planning and Development gives due care for the necessity of adopting best

strategic plans that cope with the latest updates in the global and regional developments, in order to set

out ambitious goals fulfilling the directions of His Highness, the Ruler of Dubai, by pleasing and satisfying

the public through stimulating creativity and innovation to improve the quality of services provided to the

public by developing and using the latest smart applications of information technology for enhancing Dubai’s

competitiveness and supporting its ability to solicit trade and investment, so as to continue a progressive

journey to reach the No. 1 position globally in all fields.

Areas designated as special development zones

• International City

• Jumeirah Park

• Al Khail Plaza

• Dragon Mart Complex

• Jumeirah Village

• All Dubai Customs Projects

• Ibn Battuta Mall

• Waterfront

• DP World Port

• Jumeirah Island

• World Island

• Discovery Gardens

• Limitless

• The Gardens

• Downtown Jebel Ali

• Palm Jumeirah

• Al Furjan

• Palm Deira

• Jebel Ali Village

FREE ZONES IN THE UAE

Commercial registration section of commercial licensing division

The Commercial Licensing Division (CLD) of Trakhees provides integrated licensing services for its clients

There are many commercial services provided by the CLD. Some of those services are: Free Zone License,

Local Company License, Hotel & Tourism Licenses, and other services. The Government Services Section

of CLD provides services ranging from Employment Visas, Non-Sponsored Employees, Dependents’ Visas,

Visit Visas, Visa Transfers, ID Cards, PRO Cards, NOCs & Letter Requests, Termination & End of Service and

related affairs to availing daily administrative letters and a wide host of other government related services.

Forms of registration

There are two types of Licenses provided by CLD:

Free Zone Licenses

Local Licenses

• Free Zone Establishment (FZE): single

• Sole Establishment.

shareholder -minimum capital AED 1

• Civil Companies.

million.

• General Partnership.

• Free Zone Company (FZC): 2-5

shareholders -minimum capital AED

• Simple Limited Partnership.

500,000.

• Private Joint Stock Company.

• Branch Company (Existing Trakhees

• Limited Liability Company.

Free Zone License);

• Branch of Overseas Company.

Facility costs and type of license

Facility

Size

Cost in AED per annum

Leased offices

Depends on SDZ

Varies

Freehold offices

Depends on SDZ

Varies

Registration Fee FZE - AED 10,000

Registration Fee FZC - AED 15,000

Registration Fee LLC / Foreign Co. Branch - AED 5,000

FREE ZONES IN THE UAE

Kiklabb (Queen Elizabeth II)

KIKLABB offers a fresh perspective on setting up business in Dubai. Government-owned by PCFC Investments, it

issues Dubai Free Zone and DED Mainland Trade Licenses without the typical challenges.

Located on the prestigious, Queen Elizabeth II at Port Rashid, KIKLABB has created a unique space making

licensing simple and work smart.

Features

• Quick response time

• Competitive prices, especially for Dubai Free Zones

• Transparency of cost and process, so there are no surprises along the way

• Take care of everything in-house, no need to deal with a separate PRO, typing centre, visa processing, etc.

• License flexibility: not limited to specific sector

• Up to 5 activity codes

• At KIKLABB, you can start working on day one while they deal with the visas and licenses

• SSID Wi-Fi network with speeds up to up to 600Mbps keeps it all fast, private, and secure - including built-

in antivirus and antispam control.

• Meeting rooms with big screens, in-room keyboard, seamless audio, top-tier cloud services, video

conferencing software, and even their own ethernet cable.

• IP phones, call forwarding, and dedicated account managers, you can run your Dubai office from anywhere,

and no one has to know it’s all virtual.

• Bespoke, state-of-the-art, high-tech, and spacious: private office space available weekly, monthly, and yearly.

• Free on-site parking for clients and guests

• Simple and affordable insurance plans, through their partner - Noor Takaful

• Easy, seamless bank account opening through their partner - Mashreq Bank

• Assist with external, additional approvals if required

Forms of registration

The Free Zone offers a highly competitive, single-point of contact operation for corporations, affording them

a unique and flexible offering to operate seamlessly, including as an onshore registered business, under an

independent free-zone license or as a dual licensed entity from within the same zone. The types of companies

that can be formed at Kiklabb are:

• Free Zone Establishment (FZE) - minimum capital is AED 1,000;

• Free Zone Company (FZCO) - minimum capital is AED 1,000;

• Branch of an L.L.C. (covers all Limited Liability Companies in the UAE);

• Branch of a Foreign Company.

FREE ZONES IN THE UAE

Facility costs and type of license

Type of License

Cost in AED per annum

Commercial License

15,000

Professional License

15,000

General Trading License

25,000

Virtual Office

Visas

Annual

Annual Workmen

Annual Virtual

Total

License Fee

Service Fee

ompensation

Office Cost

(in AED)

(in AED)*

(in AED)

Allowance

(in AED)

0-1

18,000

2,500

750

5,000

26,250

18,000

2,500

750

6,500

27,750

18,000

3,500

750

11,000

33,250

18,000

4,500

750

11,000

34,250

18,000

5,500

750

14,250

38,500

*Annual license cost includes Establishment Card fees

Flexi Desk

Visas

Annual

Annual Workmen

Annual Flexi

Total

License Fee

Service Fee

ompensation

Desk Cost

(in AED)

(in AED)*

(in AED)

Allowance

(in AED)

0-1

18,000

2,500

750

7,000

28,250

18,000

2,500

750

9,100

30,350

18,000

3,500

750

15,400

37,650

18,000

4,500

750

15,400

38.650

18,000

5,500

750

19,950

44,200

*Annual license cost includes Establishment Card fees

Visa Costs

• Visa processing costs AED 5,250 per visa

• Refundable deposit of AED 3,000 per visa is required

• Medical appointment costs AED 550 (regular) and AED 750 (VIP) per visa

• Emirates ID processing costs AED 400 per visa

FREE ZONES IN THE UAE

Sharjah Airport International Free Zone

(SAIFZ)

Sharjah Airport International Free Zone (SAIF Zone) was established by Emiri Decree No. 2 in 1995. SAIF Zone

is placed on the crossroads of major trading routes between East and West. Sharjah offers excellent global,

sea, land and air transport links with access to a market of over 1.4 billion consumers, covering member

states of the GCC and the Arab World, Iran, CIS countries, the Asian Sub-continent and parts of Africa and the

Eastern Mediterranean.

Adjacent to Sharjah International Airport and just a few minutes from Sharjah City and Port Khalid, the location

of SAIF Zone is enhanced by its secondary seaport facility located in the Gulf of Oman at Port Khorfakkan.

Features

• The only Emirate with seaports on the East and West coasts.

• SAIF Zone is the world’s first ISO certified Airport Free Zone.

• Access to ports in the Arabian Gulf and the Indian Ocean.

• Lease period up to 25 years.

• Types of company activities include manufacturing, processing, assembling, packaging, Import/export,

distribution, storage, services, etc.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Company (FZCO) - minimum share capital is AED 150,000.

• Free Zone Establishment (FZE) - minimum share capital is AED 150,000.

* There is no requirement to deposit the capital into a bank account

Facility costs and type of license

Facility

Size

Cost in AED per annum

Land

Min. 2500 sq. m

25 per sq. m

Executive Offices

Min. 9 sq. m unfurnished

15,650

Office Facility

Exclusive desk facility

10,800

Suite

Min 21 sqm furnished

28,650

Factory/Warehouse

125 - 600 sq. m

Varies from 48,000 - 190,300

FZE / FZCO Registration Fee AED 5,000 (one-time fee)

Branch Registration Fee AED 5,000 (one-time fee)

FREE ZONES IN THE UAE

Type of License

Cost in AED per annum

Industrial

7,500 - 10,000

Commercial

7,500 - 15,000

Service

7,500

General Trading

15,000

Real Estate

15,000

Aviation / Shipping License

15,000

Oil & Gas

15,000

Freight Forwarding & Cargo Handling

8,500

* These figures are indicative and subject to change.

** Currently there is a promotional offer of AED 10,800 annually for specific trading activity along lease and license of

SAIF office Facility. This promotional offer is valid for two (2) years and from the third year onwards the normal fee of

AED 25,800 will be applicable. In case you wish to obtain a general trading license then the first two years’ license

cost shall be AED 18,300 annually and from the third year onwards it shall be AED 33,000.

Note:

There is an additional fee of AED 7,100 [AED 5,000 - refundable deposit + AED 2,100 - Immigration registration

fee] towards e-channel registration. There will be an annual fee of AED 1,150 for renewal of e-channel registration.

FREE ZONES IN THE UAE

Hamriyah Free Zone (HFZ)

Sharjah Airport International Free Zone (SAIF Zone) was established by Emiri Decree No. 2 in 1995. SAIF Zone

is placed on the crossroads of major trading routes between East and West. Sharjah offers excellent global,

sea, land and air transport links with access to a market of over 1.4 billion consumers, covering member

states of the GCC and the Arab World, Iran, CIS countries, the Asian Sub-continent and parts of Africa and the

Eastern Mediterranean.

Adjacent to Sharjah International Airport and just a few minutes from Sharjah City and Port Khalid, the location

of SAIF Zone is enhanced by its secondary seaport facility located in the Gulf of Oman at Port Khorfakkan.

Features

• Hamriyah Free Zone (HFZ) Access to 3 modern seaports.

• Sharjah is the only Emirate with seaports on the East and West coasts.

• HFZ has access to one of the largest cargo hubs in the UAE at Sharjah International Airport.

• Lease period up to 25 years.

• Types of activities include manufacturing, processing, assembling, packaging, import/ export, distribution,

storage, services, etc.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Company (FZCO) - 2 to 5 shareholders.

• Free Zone Establishment (FZE) - 1 shareholder.

*Minimum capital requirement for FZE and FZCO has been waived by the HFZ authorities.

Facility costs and type of license

Facility

Size

Cost in AED per annum

Land

Min. 2,500 sq. m

30 - 35 per sq. m

Hamriyah Business Centre (HBC)

virtual

8,800

E-Offices

10 sq. m

13,600

Executive Offices

22 sq. m - 42 sq.m.

46,280 - 80,560

Factory/Warehouse

276 - 614 sq. m

Starting from 79,140 129,558

Registration Fee AED 9,000 (one-time fee); Refundable Deposit AED 5,000

FREE ZONES IN THE UAE

Sharjah Media City (SHAMS)

The City, which aims to become a regional media hub, was established in January 2016 by His Highness Dr

Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah by virtue of Emiri

decree No. 10 of 2016. Sharjah Media City is located in the emirate of Sharjah which is seen as the cultural

capital of the UAE. Shams launched in 2017 with a vision to be a world-class hub for media and creativity in

the region. Shams mission is to make creative entrepreneurship accessible and inspire business growth in the

region. The Shams community fosters a vibrant ecosystem for innovation to live, learn and co-create.

As a world-class Free Zone hub for innovation, Shams sets the benchmark for service and support to those

wishing to set- up and launch their business with specialized facilities for the creative and media industries.

Shams is a dynamic initiative that makes a strong connection with the talented individuals it attracts. The new

zone will have legal independence over licensing and media regulations, although governed by the laws of the

United Arab Emirates and Sharjah. Shams offers smart innovative services, coupled with a holistic community-

centred approach. They place great value on localized content and actively encourage entrepreneurial talent

from within this thriving community.

Features

• Allocation of up to 6 visas on a shared desk facility.

• No deposits required.

• Investor visas available with no age restrictions.

• Ability to appoint Corporate Directors for your company.

• Companies will be limited in liability.

•

100% repatriation of capital and profits.

•

100% foreign ownership permitted.

•

0% corporate or personal income tax.

• Located 25 minutes from Dubai Airport and 5 minutes from Sharjah Airport.

Forms of registration

• SHAMS LLC (with one or up to 50 shareholders);

• Branch of a foreign company; and

• Branch of a locally incorporated company.

Facility costs and type of license

SHAMS shall be providing four facility options:

• Dedicated Desk.

• Shared Desk.

• Dedicated office; and

• Shared office.

FREE ZONES IN THE UAE

These are designed to serve clients and cater to their needs and requirements once the community

is developed.

Shared workplace facilities offered by Shams provide a co-working environment, which is a great solution for

start-ups that want to interact with other like-minded people. The key to shared workspaces is that they

foster collaboration.

Type of license

Type of Activity

Cost in AED per annum

Service / Trading

Activity Type 1 (specific)

11,500 - 25,000

Service / Trading

Activity Type 2 (general)

16,500 - 30,000

* These figures are indicative and subject to change

Note:

There is an additional fee of AED 2,255 - E-Channel registration fee] towards e-channel registration. There will be

an annual fee of AED 1,150 for renewal of e-channel registration.

FREE ZONES IN THE UAE

Sharjah Publishing City Free Zone (SPCF)

Sharjah Publishing City was established in 2017 by the Royal Decree of His Highness Sheikh Dr. Sultan Bin

Muhammad Al Qassimi, the Ruler of Sharjah. It is managed by Sharjah Book Authority, a special branch of

the Government of Sharjah, that oversees the umbrella of projects related to the ruler’s visionary goals for

the Emirate. Sharjah Publishing City is the world’s first free zone exclusively serving the publishing industry.

It offers companies in the publishing space the opportunity to capitalize on tax-free privileges while being

independently owned and operated. SPCFZ caters to the publishing industry mainly. However, we have a wide

range of business activities to choose from.

Features

•

0% taxation (no any type of taxation)

•

100% Business ownership

•

100% Capital repatriation

• Full range of business activities related to Publishing and Printing sector

• Wide range of facilities - Furnished, Unfurnished offices and Storage

• Prime central location with access to all other emirates, Gulf Corporation countries and in close proximity to

sea ports & airports.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Company (FZCO) - 2 to 7 shareholders.

• Free Zone Establishment (FZE) - 1 shareholder.

*Minimum capital requirement for FZE and FZCO has been waived by the SPCFZ authorities.

Facility costs and type of license

Facility

Size

Cost in AED per annum

Starter Package (only for UAE

Flexi Desk

6,500

Residents & GCC Citizens) (no visa

Start-up Basic (1 visa)

Smart office (40 hours per month)

17,500 (inclusive of one visa cost)

Premium Office (5 visa allocation)

25 sq. m unfurnished

25,250

Platinum Office (5 visa allocation)

25 sq. m furnished

29,000

* These figures are indicative and subject to change

Note:

Includes establishment card

FREE ZONES IN THE UAE

Sharjah Research, Technology and

Innovation Park (SRTI Park)

The Sharjah Research, Technology and Innovation Park (SRTI Park), an initiative of the American University of

Sharjah Enterprises (AUSE), has expressed its commitment towards positioning itself as a premier research

and innovation hub in the UAE. SRTI Park was established in 2016 by royal decree of His Highness Sheikh Dr.

Sultan bin Muhammad Al Qasimi, Member of the Supreme Council of the UAE, and Ruler of Sharjah, United

Arab Emirates. The Park is strategically located between Sharjah Airport Road and the University City Road.

Current developments in the area will enhance the attractiveness of the area providing significant residential

opportunities for businesses located in the free zone.

SRTI Park aims to develop and manage an innovation ecosystem within a free zone that promotes Research

and Development and supports enterprise activities and the triple helix collaboration of industry, government,

and academia. SRTI Park continues extensively in its efforts to attract and host knowledge-intensive

businesses. The thematic pillars SRTI Park focuses on are water technology, renewable energy, environmental

technology, digitization, Industrial Design 4.0, and Transportation & Logistics.

Features

•

0% taxation (no type of taxation)

•

100% foreign ownership

• Cost-effective licensing and leasing space

•

100% exemption from corporate and personal income taxes

• Access to pool of talented professionals and students from University City

• Freedom to repatriate capital and profits

• Accessibility to local, regional and international markets

• Fast track business establishment

Forms of registration

• Branch of a foreign company.

• Free Zone Company (FZCO) - 2 to 5 shareholders - minimum capital - AED 150,000*.

• Free Zone Establishment (FZE) - 1 shareholder - minimum capital - AED 150,000*.

* Minimum capital requirement for FZE and FZCO is optional.

Facility costs and type of license

For small business operations, the SRTI Park has various options ranging from co-working space to innovation

plot depending on the business requirements.

FREE ZONES IN THE UAE

Facility

Cost in AED per annum

Women in Innovation

9,000

[includes innovation lounge confined for women, professional network

events, no visas]

First Step Hi - Tech office

15,000

[includes innovation lounge, professional network events, no visas]

MAKTABI CO-WORKING SPACE

25,000

[includes designated desk, shared working space, furnished area, three

visas, 24/7 security, free wifi, meeting rooms, receptionist and

parking space]

Start Up Office

40,000

[includes furnished office, three desks, private working area, six visas,

24/7 security, free wifi, meeting rooms, receptionist and parking space]

SME office

42,000

[includes furnished office, four to six desks, private working area, eight

visas, 24/7 security, free wifi, meeting rooms, receptionist and

parking space]

Ecosystem office

75,000

[includes fitted office, fully furnished, four to six desks, private working

area, ten+ visas, 24/7 security, free wifi, meeting rooms, receptionist and

parking space]

Innovation Office

As per lease area (800 per sqm)

[includes shell and core, working space as per client requirement, visa as

+ License fee (AED 10,000) +

per client, private working area, 24/7 security, free wifi, meeting rooms,

Registration fee (5,000) + Lease

receptionist and parking space]

Deposit (AED 10,000) + other

additional expenses

Innovation Plot

As per lease area (AED 30- AED

[Includes plot allocation in prime Sharjah location for developer and

100 per sq.m.) + License fee (AED

retailer to lease land, visa as per client requirements]

10,000) + Registration fee (5,000)

+ Refundable deposit (applicable)

+ other additional expenses

FREE ZONES IN THE UAE

Ajman Free Zone (AFZ)

Ajman Free Zone was formed under Law No. 3 of 1996 of the Emirate of Ajman. Strategically situated at the

entrance of the Arabian Gulf, Ajman Free Zone is well placed to serve Eastern and Western markets. Ajman’s

proximity to Sharjah and Dubai provides easy accessibility to the two international airports and four ports. The

Free Zone is home to over 1400 companies approximately.

Features

• Economical wage structure and easy access to vast work force.

• Total elimination of all service charges and hidden fees.

• Lease period up to 20 years.

• Types of company activities include manufacturing, processing, assembling, packaging, import/export,

distribution, storage services.

Forms of registration

• Branch of a foreign / UAE company.

• Free Zone Company (FZCO) - minimum share capital is US$ 50,000 (approx. AED 185,000) *.

• Free Zone Establishment (FZE) - minimum share capital is US$ 50,000 (approx. AED 185,000) *.

* Capital can be raised after issue of license.

Facility costs and type of license

Facility

Activity/size

Cost in AED per annum

Pioneer/ Freelance Package

5,000 - 6,000

Business Centre

1-3 activities

13,535 - 16,135 (package price inclusive of rent,

license and other service charges)

Business Centre

General Trading

18,735 (package price inclusive of rent, license and

other service charges)

Business Centre

E-Commerce License

19,635 (package price inclusive of rent, license and

other service charges)

Office

1-3 activities.

21,625 - 24,225 (package price inclusive of rent,

license and other service charges)

Office

General Trading

26,825 (package price inclusive of rent, license and

other service charges)

Executive Offices

28,000 onwards

Land

Min. 2,000 sq.m

Starting from 20 per sq. m

Factory/ Warehouse

100-645 sq.m

38,000 onwards

FZE/FZCO Registration fee - no registration fee

Refundable Deposit of AED 5,000 for Executive Office and Warehouse facility

FREE ZONES IN THE UAE

Type of License

Cost in AED per annum

Industrial

7,000

Trading

Varies from 3,000 to 5,000 depending on the number of items

Service

5,000

General Trading

7,000

* These figures are indicative and subject to change

Ajman offshore

A bit late to join the bandwagon, the Ajman Free Zone Authorities (AFZA) introduced offshore company

regulations during Ramadan in 2014.

Ajman Offshore is regulated by Ajman Free Zone Offshore Companies Regulations of 2014. Ajman Offshore

has some similarities with the offshore companies from other jurisdictions, including JAFZA and RAKFTZ.

AFZA offers the flexibility to the investor of not being required to visit the free zone, as long as they sign the

incorporation documents in the office of the locally licensed registered agent.

Registration of the offshore company can be carried out solely by an agent licensed to act as the registration

agent. The regulations prescribe that the incorporation of the International Company shall be registered

through a registered agent. The firms of accountants and lawyers approved and licensed for that purpose by

AFZA are permitted to provide services to clients for registering offshore companies, registered office and for

acting as the agents for the companies.

Salient features of the International Companies:

• Companies will have a limited liability status.

• Requirementto appoint shareholder,

Directors, Manager and Secretary.

• Minimum capital requirement of AED 10,000.

• Bearer shares are not permitted.

• Requirement to have an approved registered agent either

within the Free Zone or in the Emirate of Dubai.

• No personal or corporate income tax.

International companies are allowed to:

International companies are not

allowed to:

• Have contacts with legal consultants, lawyers,

accountants and auditors.

• Carry on business with persons resident

in the UAE.

• Have a bank account in the UAE.

• Carry on a banking business.

• Become shareholders in a new or existing Free Zone

Entities or an LLC.

• Carry on business as insurance /

re-insurance company,

• Hold shareholders and directors meeting within the UAE.

insurance agents / brokers.

• Carry out International Trading and consultancy.

• Carry on any other business which may,

• Act as a holding company for investments in companies

by regulations, be prohibited by

and properties (Subject to the respective local laws of

the authorities.

each Emirate, City and Country)

Note:

There is an additional fee of AED 7,100 [AED 5,000 - refundable deposit + AED 2,100 - Immigration registration

fee] towards e-channel registration. There will be an annual fee of AED 1,150 for renewal of e-channel registration.

FREE ZONES IN THE UAE

Fujairah Free Zone (FFZ)

Fujairah Free Zone was formed under Law No. 6 of 1987 of the Emirate of Fujairah. Fujairah Free Zone is

adjacent to the Port of Fujairah. Companies established there have easy access to all Arabian Gulf ports.

Fujairah Free Zone is also close to Fujairah International Airport, which is the only airport serving the UAE

East Coast, as well as Northern Oman. The Port of Fujairah is adjacent to the Free Zone. Investors have easy

access to all Arabian Gulf ports.

Features

• Multi-access to neighbouring and global markets by land, sea and air.

• Efficient and cost-effective investment facilitation.

• Served by Fujairah Port and Fujairah International Airport.

• Lease period up to 15 years.

• Types of company activities include manufacturing, processing, assembling, packaging, import/export,

distribution, storage services.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Company (FZCO) - minimum share capital is AED 150,000*.

• Free Zone Establishment (FZE) - minimum share capital is AED 150,000*.

* Recently, minimum capital requirement norms have been relaxed

Facility costs and type of license

Facility

Size

Cost in AED per annum

Small Office

20 sq. m

25,350 onwards

Flexi Desk (1 visa)

Varies

19,600

Virtual Office (No Visa)

Varies

16,200

Factory/Warehouse

500 sq. m onwards

230 per sq. m approx.

Land

Min. 5,000 sq. m

20 per sq.m onwards

FZE Registration Fee AED 5,000 (one-time fee)

Refundable Security Deposit AED 5,300 (one-time fee- Virtual office, AED 10,000 - Flexi

Desk, AED 15,000 - Office)

FREE ZONES IN THE UAE

Fujairah Media Zone

(FM Zone) / Creative City

Fujairah is the latest Emirate to make its mark on the media map of the country with its “Creative City”, a

fast-growing media hub luring aspiring media professionals and companies. Fujairah Media Inc. (FMI) was

established as a broadcasting organisation for the Emirate of Fujairah which is also known as Fujairah Media

(FM). FM is a joint venture between Fujairah Cultural Authority and Arab International Media Services FZ LLC.

Inspired by visionary leadership and armed with a creative mission, the FM have seven creative zones and

each zone has been planned to keep in mind the services and features required for the respective activities.

The creative zones are as follows:

AUDIO / VISUAL

TRAINING

THEATRICAL ARTS

DESIGN

TECHNOLOGY

CINEMA

PUBLISHING

CONSULTANCIES

The Free Zone is a 200,000 square meter complex and is located alongside Fujairah highway connecting to

Emirates road. Currently, the FM authority is issuing licenses by providing office facilities at the prominent

Fujairah tower.

The FM zone enjoys a Free Zone status and hence is entitled to a tax-free status, 100% foreign ownership,

full repatriation of capital and profits and quick approval procedures, etc. The Free Zone also allows media

professionals to register as freelancers.

Types of licenses issued by the FM Zone:

• TV Broadcasting, production, TV management.

• Audio management.

• Advertising Agency, Public Relations Agency, Direct Marketing, Sales Promotion, Outdoor Advertising,

e-Services, Specialty Communication, Branding and Corporate Identity.

FREE ZONES IN THE UAE

• Printing, Publishing, Distribution, Sports Management and Promotion, Business Events Management,

Event Production, Event Ticketing, Exhibition Organization and Management, Festival Organization and

Management, Live Theatrical Shows Management and Promotion, Performing Arts Management.

• Research and Information, Planning and Buying, Content Production, Media Monitoring, Graphic Design.

• Marketing Consultancy, Market Research Consultancy, Concept and Design Consultancy.

• Digital and Interactive Game Development, Digital Media Library, Distribution and Management, Digital

Signage Development and Management, Interactive Services, Media Hardware Equipment and System

Integration, Media Software Development and System Integration, Media Web Design and Management,

Web Analytics, Search Engine Optimization.

• News Agencies, Research and Information Services.

Features

• Seven creative zones.

• Aims mainly to attract local and regional clients.

• Focus on smaller businesses and Freelancers.

• Haven for Intellectual Property Rights (IPR).

• Established terrestrial digital broadcasting, (DVB-H) platform in the Middle East namely “Jebalcom”.

• Home to 13 channels of various languages.

Providing production facilities.

Forms of registration

• Branch (parent company should be minimum 2 years old).

• FZCO with minimum share capital of AED 150,000 *.

• FZE with minimum share capital of AED 50,000 *.

• Freelancer (no capital required).

* Proof of capital being raised is not required

Facility costs and type of license

Facility

Size

Cost in AED per annum

Commercial License (0 to 2 visas)

Varies

14,000-20,000

Freelancer Company (4 visas)

Office Desk

25,000

Baby Business (6 visas)

Office Desk

28,000

Genius package (15 visas)

Office Desk

35,000

Land

Varies

Available on request

FREE ZONES IN THE UAE

International Free Zone Authority (IFZA)

Strategically placed in the dynamic business and commercial hubs of the UAE, International Free Zone

Authority (IFZA) offers a spectrum of flexible business set-up solutions that will optimize the benefits of the

UAE’s strategic location, world-class infrastructure and business- and tax-friendly environment. Various license

options are available to effectively serve a wide number of business setup needs, from small local venture to a

large international business.

IFZA’s unmatched customer focus has positioned it as one of the most trusted independent Free Zones in the

UAE, providing personalized services to help businesses grow. With a range of over 1000 business activities,

IFZA offers an array of Licenses within four distinct categories specifically designed to define your client’s

business function: Consultancy, Service, Trading and Holding.

Features

•

100% foreign ownership

• Business owners are not required to be physically present during the incorporation process

• All Licenses will be issued as a Limited Liability Company (LLC)

• Wide range of business activities available including Consultancy, Service and Trading

• License upgrades and downgrades are allowed

• No paid-up share capital requirement

• No NOC required from current visa sponsor

• No mandatory office space requirements (all Licenses include an Office Rental Agreement) and Virtual

Dubai office concept available

• Visas are valid for a period of 3 years

• Standard packages accommodate up to 6 visas, additional visa eligibility can be applied for

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Company (FZCO) - minimum share capital is AED 150,000*.

• Free Zone Establishment (FZE) - minimum share capital is AED 150,000*.

* deposit of capital is optional

FREE ZONES IN THE UAE

Umm Al Quwain Free Zone

The Umm Al Quwain Free Zone is located on the West Coast of the United Arab Emirates, in the Emirate

of Umm Al Quwain (UAQ). The Free Zone was formed under decree No. 2 of 1987 of UAQ. The Free Zone

complex consists of 845 meters of quay wall with 400 meters capable of handling ocean-going vessels and

118,000 square meters of land reserved for light Industrial Development.

Features

• Types of activities include manufacturing, processing, assembling, packaging, import/ export, distribution,

storage services.

• Leases up to 15 years.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• FZCO with minimum share capital of AED 300,000.

• FZE with minimum share capital of AED 300,000.

Facility costs and type of license

Facility

Size

Cost in AED per annum

Land

Varies

20 - 30 per sq. m

Micro Business Lyte (No visa)

8,000

Warehouse

100 sq.m and above

35,000 and above

General Trading/ Premium Lyte

20,500

(2 visas)

FZE / FZCO registration fee one-time AED 2,000

Type of License

Cost in AED per annum

General Trading

5,000

Management and Consultancy

5,000

Service

2,000

* These figures are indicative and subject to change

Note:

There is an additional fee of AED 7,100 [AED 5,000 - refundable deposit + AED 2,100 - Immigration registration

fee] towards e-channel registration. There will be an annual fee of AED 1,150 for renewal of e-channel registration.

FREE ZONES IN THE UAE

Ras Al Khaimah Economic Zone (RAKEZ)

As of April 2017, guided by the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, United Arab Emirates

Supreme Council Member and Ruler of Ras Al Khaimah, Ras Al Khaimah Economic Zone (RAKEZ) was

established to oversee and consolidate the specialized zones and clients of both Ras Al Khaimah Free Trade

Zone (RAK FTZ) and RAK Investment Authority (RAKIA). RAKEZ is now one of the largest economic zones in

the region, covering about 33 million square metres of land and housing over 13,000 companies, currently

served by RAK FTZ and RAKIA from over 100 countries representing more than 50 sectors.

RAKEZ is the continuation of the story that started with the foundation of RAK FTZ in 2000 and the

establishment of RAKIA in 2005. RAKEZ is committed to its promise of empowering clients and investors by

offering a cost-effective and world-class economic zone with customizable packages and services as well as

state-of-the-art facilities.

Blessed with a strategic location, RAKEZ connects investors to growing markets of the Middle East, North

Africa, Europe as well as South and Central Asia.

Features

• Free zone and non-free zone entity formation.

•

100% ownership.

• Fast and efficient business setup processes.

• Wide-ranging business and industrial facilities and value-added services.

• Provision to build on-site staff and labour accommodation.

• One-stop shop facility for services.

• Self-service customer portal.

• Connectivity to major logistical hubs and multilane superhighways.

• Accessibility via an international spread of regional offices.

• Easy access to markets across the Middle East, Europe, North Africa and Asia regions.

RAKEZ is divided into specialized zones, i.e., RAKEZ Business Zone, Al Hamra Industrial Zone, Al Ghail

Industrial Zone, Al Hulaila Industrial Zone and RAKEZ Academic Zone for catering to various sectors including

trading, services, consultancy, manufacturing, industrial projects, logistics, schools, universities, institutes,

academic consultancy and services

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Company (FZCO) - single shareholder - minimum share capital is AED 100,000 or 500,000 (for

General Trading).

• Free Zone Establishment (FZE) - 2 to 5 shareholders - minimum share capital is AED 100,000 or AED

500,000 (for General Trading and Real Estate license).

FREE ZONES IN THE UAE

The business operations in a Non-Free Zone can be structured in either one of the following ways:

• Individual Establishment: Sole owner.

• Limited Liability Company (LLC): 2 or more shareholders (up to 50 shareholders).

Note: A non-free zone operation will need a UAE national partner.

In case of a non-free zone company the company shall have sufficient capital to achieve the purpose of its

incorporation and the capital shall consist of shares equal in value. On a proposal made by the Minister in

coordination with the competent authorities, the Cabinet may issue a decision determining the minimum limit

of the capital of the company.

The business can opt for Flexi facilities, Standard Offices, Warehouse and Industrial Land depending on the

activities they propose to carry out in RAKEZ.

Facility costs and type of license

Type of License

Facility

Cost in AED per annum

Commercial

Flexi Desk / Flexi office /

Ranging from AED 15,000 to

Service

Standard Office / Executive

AED 45,000

Office

General Trading

E-Commerce

* These figures are indicative and subject to chang

Ras Al Khaimah international companies

Similar to the concept of offshore companies in the Jebel Ali Free Zone, Ras Al Khaimah International

Corporate Centre (RAKICC) has laid down the regulations to incorporate International Companies. The

regulations prescribe that the incorporation of the International Companies shall be through a registered agent.

The firms of accountants and lawyers approved and licensed for that purpose by the RAKICC are permitted

to provide services to clients for registering International Companies, registered office and for acting as the

agents for the companies.

Salient features of the International Company:

• Companies will have a limited liability status and the possible name suffixes are “Limited” or “Incorporated”

or their abbreviations “Ltd” or “Inc”.

• No minimum capital requirement.

• Requirement to have an approved registered agent either within the Free Zone or in the Emirate of Dubai.

• Requirement to appoint shareholder, Directors, Manager and Secretary.

• Shares can be of different classes.

• No personal or corporate income tax.

FREE ZONES IN THE UAE

International Companies are allowed to:

• Have contacts with legal consultants, lawyers, accountants and auditors.

• Have a bank account in the UAE.

• Become shareholders in a new or existing Free Zone Entities or an LL C.

• Hold shareholders and directors meeting within the UAE.

• Carry out International Trading and consultancy.

• Act as a holding company for investments in companies and properties (Subject to the respective local laws

of each Emirate, City and Country)

International Companies are not allowed to:

• Carry on business with persons resident in the UAE.

• Carry on a banking business.

• Carry on business as insurance / re-insurance company, insurance agents / brokers.

• Carry on any other business which may, by regulations, be prohibited by the authorities.

Note:

There is an additional fee of AED 7,100 [AED 5,000 - refundable deposit + AED 2,100 - Immigration registration

fee] towards e-channel registration. There will be an annual fee of AED 1,150 for renewal of e-channel registration.

FREE ZONES IN THE UAE

Ras Al Khaimah Maritime City (RAKMC)

RAKMC was created as a Free Zone by Emiri Decree in December 2009, and the Decree also confirmed the

boundaries of the new maritime city. The benefits are as diverse as the offerings. RAK Maritime City free zone

combines the best in international port facilities with inherent business advantages for companies seeking

cost efficient, secure, transparent and customized business answers with the best in tax benefits. RAK

Maritime City will be zoned into areas for specified use - retail, warehousing, general cargo handling, industrial

production and manufacturing, tank storage and shipbuilding or repairs. Each will be able to incorporate

companies as both FZE and FZC entities, along with a choice of trading licences, work permits and UAE

residence visas. With significant land expansion available for individual companies, outstanding access to a

variety of markets, low operating costs, and complete business support in all your ventures, RAK Maritime City

is your maritime gateway into the region.

Features

• RAKMC Free Zone issues both FZE and FZCO licenses. Work permits and residence visas are also issued

by RAKMC. The Free Zone is divided into two types of plots.

• Plots with a linear quay length as part of its boundary, and giving exclusive use of that quay, and plots with

no direct access to the water and located away from the harbour area.

• RAKMC is also zoned into areas for specified uses - retail, warehousing, general cargo handling, industrial

production and manufacturing, and ship building and repairs.

• Plots are available with a minimum size of 25,000 sqm. However, plots with an exclusive berth/jetty of 100

linear meters will necessitate a minimum leased area of approx. 40,000 sqm.

• Lease agreements are being offered for 25 years, renewable for a further 25 years. Longer leases will be

considered for periods up to 99 years.

Forms of registration

• Branch of a foreign company.

• Branch of a UAE company.

• Free Zone Company (FZCO).

• Free Zone Establishment (FZE).

Note:

There is an additional fee of AED 7,100 [AED 5,000 - refundable deposit + AED 2,100 - Immigration registration

fee] towards e-channel registration. There will be an annual fee of AED 1,150 for renewal of e-channel registration.

FREE ZONES IN THE UAE

Abu Dhabi Airport Business City

Abu Dhabi Airport Business City (Business City) operates Airport Free Zones, a Logistics Park, Business Parks,

Business Centres and One Stop Shop Services. These underpin Abu Dhabi’s plans to establish itself as a

dynamic business centre in support of the Abu Dhabi 2030 Economic Vision. Its jurisdiction spreads across

more than 10.6 square kilometres around Abu Dhabi International Airport covering five commercial districts:

Logistics Park, Business Park, Destination Village, Al Falah District and Airport City.

Business City promotes Abu Dhabi’s economic development by offering numerous benefits for investors such

as tax exemptions and 100% foreign company ownership. The creation of the Free Zone marks a milestone

in Abu Dhabi’s plans to establish itself as a dynamic business centre. The Free Zone also ensures that Abu

Dhabi International Airport will become a thriving cargo and business hub as well as ensuring increasing non-

aeronautical revenues.

Business City offers its customers the full spectrum of Free Zone services, including company registration,

licensing, leasing and rapid visa processing for employees, and many other high-quality services within a One

Stop Shop environment.

Business City provides a wide range of facilities and infrastructure such as warehousing units, commercial

offices, furnished facilities within a fully serviced business centre, plots of land for development and a full range

of essential ancillary amenities to serve everyday business needs.

The Free Zone at Abu Dhabi Airport Business City provides comprehensive warehousing and fully serviced

office solutions to a broad spectrum of business sectors, including:

• Aerospace, Aviation and M.R.O.

• Assembly & Light Manufacturing.

• Aerospace, Airlines & Carriers Aircraft Interiors

• Technology & ICT.

and Airport Services.

• Trading.

• MRO.

• Service Provider.

• Aircraft Chartering.

• Consultancy Management.

• Flight support services.

• Pharmaceuticals.

• In-flight Catering.

• Luxury Goods.

• Logistics, Transportation, Warehousing

• Retailers.

Distribution & Storage.

• Other aviation-friendly and light industrial

• Cold storage.

activities seeking to gain advantage from close

• Marketing & Events.

proximity to the airport for import and

export purposes.

Business city benefits

•

100% corporate tax exemption.

•

100% import and export exemption.

•

100% personal income tax exemption.

•

100% foreign company ownership.

•

100% repatriation of capital and profits.

FREE ZONES IN THE UAE

twofour 54 (2454)

twofour54 Abu Dhabi is a tax-free media zone located at the heart of one of the fastest growing media markets

in the world with attractive economic benefits for companies, such as an easy licensing and business set-

up services, 100% company ownership in a stable, tax-free environment. Representing the geographical

co-ordinates of Abu Dhabi (24° North, 54° East), it is a unique media zone dedicated to helping like-minded

companies and professionals take full advantage of Middle East & North Africa region’s current and future

offerings in the media sector.

The launch of twofour54 has created new industry opportunities for the region, by providing a collaborative and

fully equipped centre that brings together local, regional and international companies from across the breadth

of the film, broadcast, digital, publishing and music industries. With some of the world’s leading content

companies already onboard and announcing major plans, twofour54’s advanced ecosystem offers production

facilities, infrastructure, training and a new business incubator - all on one site - for the development of World

class Arabic content by people from the Middle East region for its 300 million Arab audience.

twofour54 is based near Khalifa Park in Abu Dhabi. A 200,000 sq.m waterfront site in the Mina Zayed area of

the city has been earmarked for twofour54’s permanent campus, which should be completed within five years.

twofour54 is built around four pillars located within a campus style environment that promotes cooperation and

creative partnerships amongst the companies involved.

Media Zone Authority - Abu Dhabi (MZA) is responsible for the establishment and registration of companies in

twofour54 Abu Dhabi, media and entertainment hub.

A number of big, small, regional and international media companies having chosen to set up their businesses

at twofour54 Abu Dhabi including BBC, CNN, FOX Television, National Geographic Channels, Sky News

Arabia, Cartoon Network, Ubisoft, Bayt.com, Rotana Studios, Financial Times, Image Nation, PublicisLive,

Flash, Jawaker, and Abu Dhabi Media.

Benefits of twofour54

Financial Benefits

•

100% company ownership in a stable, tax-free environment with no restrictions on capital movements.

•

0% import tariffs.

•

100% exemption from personal income tax.

•

100% exemption from corporate income tax.

•

30% cash rebate on international film and TV production spend.

Convenience and Cost Efficiency

• No bureaucracy and transparent licensing with Media Zone Authority - Abu Dhabi and quick and easy set-

up with twofour54 government & travel services which offers government relations and visa processing for

businesses and their staff.

• Highly cost-effective office space solutions.

• No security deposit per employee visa required.

• No minimum share capital requirements for the entity to be registered in twofour54.

FREE ZONES IN THE UAE

• Hassle free company registration, laws and legal framework.

Business Ecosystem

• On-site vocational media training academy offering media related courses as well as tailored training

solutions for your organisation.

• World-class studio production and post-production facilities supported by technical staff, all available for

hire during your productions.

• Status of free zone with ability to bid, contract and receive payments directly with UAE government entities.

• Strong IP protection framework.

• Critical mass of sector knowledge, talent and large pool of freelancers.

• State-of-the-art infrastructure, uplink and fibre connectivity to the buildings.

• twofour54 Briefing Room - a first-of-its-kind online portal and new business tool where twofour54 partners

access to hundreds of business brief and exclusive access to Abu Dhabi Government tender briefs which

shortens the traditional tender process.

Location

• Safe, stable and friendly working environment.

• Centrally located at the crossroads of the Middle East, European and Asian markets, with a strong global

logistics and transport network. Only 5 hours from 25% of the world’s population.

• Proximity to Downtown Abu Dhabi, International Airports, Port, Yas Island; just 50 minutes away from

Dubai.

Networking and Business Opportunities

• Unique campus environment with facilitated business networking.

• Quarterly networking events with partners and stakeholders in Abu Dhabi.

• Introductions and referrals facilitated to other twofour54 partners.

• Access to industry news and market research by twofour54.

• Access to other business facilitation services such as on-campus seminars and roadshows.

• Inclusion in twofour54 marketing and promotion campaigns across Abu Dhabi, the region and global

campaigns.

• A dedicated Client Relationship team member assigned to each company.

• twofour54 Briefing Room - a first-of-its-kind online portal and new business tool where twofour54 partners

have access to hundreds of business brief and exclusive access to Abu Dhabi Government tender briefs

which shortens the traditional tender process

Forms of registration

twofour54 media and entertainment hub allows you one of the following types of setup:

• Free Zone Limited Liability Company (FZ-LLC).

FREE ZONES IN THE UAE

• Branch.

• Freelance.

• Start-Up.

Types of licenses

• Advertising.

•

Media Training.

• Animation.

•

Music Production and Recording.

• Branding.

•

News Gathering Services.

• Content Management and Monitoring Services.

•

Post-Production Services.

• Content Portal Management.

•

Pre-Production Services.

• Content Production - Audio Visual / Corporate /

•

Production Equipment Hire.

Digital / Publications.

•

Production Services.

• Event Management.

•

Public Relations.

• Gaming Development.

•

Rights Management - Content / Music.

• Graphic Design.

•

Set Design.

• Location Management Services.

•

Software Development.

• Marketing and Communications.

•

Talent Management Services.

• Media Research Services.

Facility and license costs

Types of Setup

License Fee

Registration Fee

Office Space

(onetime)

FZ-LLC / Branch

AED 10,000 - AED 25,000

AED 2,500

Starting from AED 50,000

per annum**

Hot-Desk (The Business

AED 10,000

AED 2,500

AED 30,000 per annum**

Centre Facility)

Emirati Entrepreneurs &

AED 10,000

AED 2,500

virtual

Khalifa Fund

Freelancer (for individuals

6 months: AED 1,250

N/A

virtual

only)

1 year: AED 2,500

* These figures are indicative and subject to change

** Depends on availability of desired office type/size at the time of application

Note:

There is an additional fee of AED 7,100 [AED 5,000 - refundable deposit + AED 2,100 - Immigration registration

fee] towards e-channel registration. There will be an annual fee of AED 1,150 for renewal of e-channel registration.

FREE ZONES IN THE UAE

Khalifa Industrial Zone Abu Dhabi (KIZAD)

KIZAD is an integrated trade, logistics and industrial hub in Abu Dhabi. KIZAD is an integral part of the Abu

Dhabi Economic Vision 2030 - a roadmap for sustainable growth of the emirate’s economy and the prosperity

of its people. KIZAD is earmarked to set new standards for industrial zone infrastructure, environment

and operation.

Located near Khalifa Port - one of the world’s most advanced deep seaports with world-class infrastructure

- KIZAD enables multimodal connectivity via sea, air, road and rail networks. KIZAD’s masterplan envisages a

410 sq.km. greenfield development that is designed for socio-economic sustainability and long-term

industrial growth.

The internal road network and connections within the zone are ready built with primary and secondary

networks providing direct access to and from Khalifa Port and connecting to the main highway. Utility corridors

are designed across the zone to allow provisions for power, potable water, telecom, sewerage services and

special utilities such as industrial water and feedstock. Furthermore, the zone’s infrastructure is designed and

built to facilitate future rail connectivity through dedicated rail corridors, which allow integrating rail freight

facilities into operating plans.

With trade & logistics, and manufacturing at the core, KIZAD creates value through integrated service offerings

that span aluminium, steel, metal products, paper & packaging, food processing, pharmaceutical & healthcare

equipment, polymer converting and automotive spare parts. KIZAD offers a hybrid model of free zone and

non-free zone solutions, including land leasing, pre-built warehouses, free zone offices, pre-built light industrial

solutions and business district centres.

Khalifa Port FTZ

Since businesses are expanding rapidly there is a growing demand for freer zone space. That’s why KIZAD

added the new Khalifa Port Free Trade Zone (Khalifa Port FTZ) to its world-class infrastructure portfolio. Khalifa

Port Free Trade Zone (Khalifa Port FTZ) is a next-generation platform for trade, logistics and manufacturing.

Khalifa Port FTZ offers a competitive operating cost environment and a meticulously designed setting that

makes it easier than ever to do business. Investors choosing the Khalifa Port FTZ are provided with an array

of business set-up services that streamline their registration and licensing processes, while offering them

executive offices and flexible workstations/ dedicated desks, as a complementary offering to the overall value

proposition of the industrial zone.

Khalifa Port FTZ boasts a wide portfolio of investment sectors including aluminium, automotive, engineered

metals, port logistics, food processing, pharmaceuticals, packaging, polymer converting and other industries

that rely on Khalifa Port. Also in place is a flexible master plan that is capable of accommodating more

industries in the future from a land-use perspective.

Combining the legacy and success of KIZAD’s onshore structure with the traditional benefits of an offshore

free zone, Khalifa Port FTZ is set to become the future hub for trade, logistics and manufacturing, and is

primed to change the way business is done in the region.

Areas ‘A’ and ‘B’ within the additional free zone territories allocated in the 16 sq km Area ‘A’, KIZAD is master

planning the Business Park, District and Local Centres. KIZAD Business Park in Area ‘A’ offers multiple

real estate opportunities and welcomes interested suppliers to serve the needs of over 50,000 customers,

both employees and visitors. Spanning a total area of 84 sq km, Area ‘B’ will feature heavy, light & logistics

industries, commercial complexes, big-box retail stores, town centre and mixed-use developments, as well as

residential developments.

FREE ZONES IN THE UAE

Benefits of KIZAD / Khalifa Port FTZ

• KIZAD delivers unique advantages - extensive size, world-class infrastructure, free zone and non-free zone

solutions, dedicated investor support, tax-free environment with competitive operating costs and strategic

location with access to regional and international markets.

• The KIZAD masterplan offers proximity to suppliers, customers and other business efficiencies, ensuring

that manufacturing, trade and logistics derive long-term advantage.

• KIZAD’s world-class infrastructure provides the necessary internal transportation, as well as water and

electrical power at a competitive rate.

Forms of registration

• Limited liability company - minimum capital AED 150,000 - individual / corporate.

• Branch of a UAE company.

• Branch of a foreign company.

Types of licenses

• Industrial License.

• Trading / General Trading License.

• Service License.

Facility and license costs

Zone

Plot Size

Cost in AED per annum

Free Zone

Standard Industrial Plots

31 per sq. m

Domestic Zone

Standard Industrial Plots

26 per sq. m

Free Zone

Standard Logistics Plots

33 per sq. m

Domestic Zone

Standard Logistics Plots

28 per sq. m

Type of License

Cost in AED per annum

Industrial, Commercial, Service

5,000

General Trading

15,000

Other applicable cost heads

Cost in AED per annum

Initial Approval

450

Immigration card

1,000

Note:

There is an additional fee of AED 7,100 [AED 5,000 - refundable deposit + AED 2,100 - Immigration registration

fee] towards e-channel registration. There will be an annual fee of AED 1,150 for renewal of e-channel registration.

FREE ZONES IN THE UAE

ZonesCorp

ZonesCorp established as a government-backed higher corporation for specialized economic zones, is directly

responsible for the establishment, management and operation of specialized economic zones in Abu Dhabi.

ZonesCorp is committed to developing the industrial infrastructure in the capital, cultivating a business climate

conducive to growth and driving the diversification of the economy.

ZonesCorp has much to offer to businesses in the way of value propositions and operational incentives. With

specialized zones in the Emirate of Abu Dhabi boasting of state-of-the-art facilities, cutting-edge utilities,

logistics capabilities, advanced communication infrastructure and workers residential cities, investors can

easily set up their businesses in the country’s capital and set their industrial projects in motion in a matter of a

few weeks.

Their Unique Value Proposition aims at building a solid diversified economic base for the Emirate of Abu Dhabi.

It is based on two core competencies:

• They develop, operate, manage and administer zones of special economic nature in strategic locations

throughout the Emirate of Abu Dhabi - tailored for specific needs.

• They leverage on an enhanced financial capability by procuring new specialized clusters through Public-

Private Partnership management structures and involvement of the ZonesCorp Infrastructure

Investment Fund.

Within just ten years, ZonesCorp has helped shape Abu Dhabi’s industrial landscape through the development

of world-class, fully integrated economic zones that generate almost half of the manufacturing GDP of the

Emirate and play a significant role in Abu Dhabi’s successful attraction of foreign direct investments. They have

invested over US$ 1 billion in infrastructure and over US$ 3 billion in Workers’ Residential Cities,

They have had continuous growth since they started in terms of investors. Their zones currently house over

600 manufacturing facilities that are home to some of the world’s leading industrial players in a variety of

sectors. These manufacturers have invested more than US$ 8 billion in their industrial projects within

these zones.

ZonesCorp’s master plan is aligned with Etihad Rail’s upcoming 1,200 km railway (which will extend across the

United Arab Emirates, from the border of Saudi Arabia to the border of Oman). The rail network is scheduled to

connect Abu Dhabi Industrial City to GCC countries and all major ports by the first half of2018.

It is pertinent to note that ZonesCorp is not a free zone. A minimum of 51% UAE

shareholding needs to be maintained.

Main objectives include:

• To drive the development of specialized economic zones in Abu Dhabi in line with the government’s

multipronged economic strategy.

• To prompt the development of a broad spectrum of local industries in order to vary the sources of

national income.

• To cultivate an investment climate conducive to professionalism so as to attract UAE nationals, develop

their skills and integrate them into the workforce.

• To encourage the establishment of small and medium-sized specialized industries by offering

operational incentives.

• To spread awareness about the “specialized economic zone” business model through tactical PR and

advertising campaigns.

FREE ZONES IN THE UAE

• To promote creativity and endorse innovation in all industries pertinent to specialized economic zones.

• To engender regional economic integration by synchronizing between various projects to be launched in the

GCC and neighbouring Arab countries.

• To benefit from the expertise of international organizations in the field of specialized economic zones

establishment with the aim of adhering to global best practices.

Benefits

• Duty-free import of equipment and raw materials.

• Tariff free access to 22 countries across the globe through its network of free trade agreements.

• Tax free income.

• Duty-free import of equipment and raw materials.

• Tariff free access to 22 countries across the globe through its network of free trade agreements.

• Tax free income.

Zones under Zones Corp

• Industrial

- Industrial City of Abu Dhabi

- Al Ain Industrial City

• Workers’ Residential Cities

- Located in Mussaffah, Mafraq, Razeen, Hameem, Al Ain, Al Gharbia, and Saadiyat

• Zones Under Development

- Rahayel

Facility and license costs

Zone

Plot Size

Cost in AED per annum

Abu Dhabi Industrial City

4000 sq. m. +

20-25 per sq. m

Al Ain Industrial City

4000 sq. m. +

10-13 per sq. m

Service

Type of License

Cost in AED per annum

Industrial

7,500

Commercial

7,500 - 15,000

Service

7,500 - 15,000

* These figures are indicative and subject to change

Note:

There is an additional fee of AED 7,100 [AED 5,000 - refundable deposit + AED 2,100 - Immigration registration

fee] towards e-channel registration. There will be an annual fee of AED 1,150 for renewal of e-channel registration.

FREE ZONES IN THE UAE

Masdar City

Masdar City is the first global cleantech cluster to be located in one of the most sustainable cities in the world.

It is home to the Masdar Institute of Science and Technology and the International Renewable Energy

Agency (IRENA).

The 6-sq km. city, located near Abu Dhabi International Airport and 17 km from downtown Abu Dhabi, is

emerging as a global centre for the sales, marketing, servicing and demonstration of renewable energy and

sustainability technologies, as well as research and development, and investment in these fields.

As a business cluster, Masdar City provides firms with an environment that inspires innovation, offers business

development opportunities, provides a living lab and test bed for new technologies, encourages informal

knowledge sharing among likeminded professionals and serves as a magnet for world-class cleantech talent.

The city will be home to numerous companies, from Fortune 500 multinationals to start ups and the most

cutting-edge technology firms, bringing these businesses close to fast-growing markets of the Middle East,

North Africa and Asia - regions hungry for clean technology and renewable-power products and services,

driven by strong economic and demographic growth and increasingly supportive regulatory environments and

government-level policy commitments to sustainability goals.

A one-stop shop for companies in the sector, Masdar City provides quick and easy set-up, without the need

for a local sponsor.

Some of the most advanced laboratories in the region are located at Masdar Institute, and the presence of

this graduate-level research institute offers opportunities to pilot and test new technologies and ideas. The

institute, the world’s first graduate university focused on renewable energy and cleantech, provides a steady

stream of some of the best graduates anywhere in the sector.

At Masdar City, companies can:

• Showcase technologies.

• Use the city as a test bed for new ideas.

• Undertake research in collaboration with the Masdar Institute of Science and Technology.

• Set up headquarters or regional sales and marketing offices.

• Establish research and development facilities.

• Offer goods and services for use in designing and building Masdar City.

• Tap into the large, lucrative and growing markets for cleantech products and services in the Gulf, wider

Middle East and Asia.

General benefits:

• Continuous formal and informal knowledge sharing across the city among the most talented experts in

their sectors.

• Advanced laboratories located within the Masdar Institute of Science and Technology.

• A location with unmatched international exposure from governments, organisations and companies looking

to learn from Masdar City, its partners and suppliers. By locating at Masdar City, companies can benefit

from this association.

FREE ZONES IN THE UAE

• The most efficient, state-of-the-art and sustainable buildings provide the ideal working and residential

environment for staff.

• All the amenities one would expect from a world-class city.

• All types of commercial space: high-grade offices, research laboratories, testing facilities, assembly,

concept stores and retail.

Special Economic Zone benefits

Masdar City offers all the benefits one would associate with a Special Economic zone, though with a unique

focus on clean technology and renewables, in a business-friendly and entrepreneurial environment that offers:

• Quick and easy set up with a one-stop shop for

• Gateway to the vibrant market opportunities of

registration, government relations and fast-track

the Middle East and Asia.

visa processing.

• Outstanding logistics network incorporating air,

• Zero % import tariffs.

sea, road and eventually rail.

• Zero % taxes on companies and individuals.

• A safe, friendly working environment.

• No restrictions on capital movements, profits

• A high quality of life.

or quotas.

• The opportunit to maximise corporate social

•

100% foreign ownership.

responsibility objectives.

• No currency restrictions.

• IP protection framework.

• Hiring of expatriate staff.

Areas of focus

In light of its climate and geography, Masdar City will focus on attracting firms and pursuing research in four

primary areas of the cleantech industry: solar, green building, water and power storage, and secondarily in

the areas of smart grids, efficiency appliances, electric vehicles and waste. More specifically, companies and

organisations looking to set up in Masdar City should identify the specific sector(s) in which they will operate:

• Energy Generation.

• Cleantech and ICT.

• Regional Headquarters.

• Water and Wastewater.

• Energy Storage.

• Marketing.

• Consultancy.

• Recycling and Solid Waste.

• Energy Transmission and Distribution.

• Business Information.

• Organic Products.

• Transportation.

• Energy Efficiency Equipment.

• Human Resources Development.

• Non-Profit Organisation.

• Green Building.

• Air and Environment.

• Service Providers.

100

FREE ZONES IN THE UAE

Types of operating licenses

• Branch of foreign company / UAE-based company (incl. companies incorporated in other UAE special

economic zones).

• Special economic zone Limited Liability Company (SEZ LLC) with corporate shareholders.

• Special economic zone Limited Liability Company (SEZ LLC) with individual shareholders.

Facility costs and type of license

Facility

Size

Cost in AED per annum

Flexi Desk (1 visa)

Virtual

AED 13,500 per year

Work station (1 visa)

Desk

AED 20,000 per year

Executive Office (3+ visas)

20 sq. m.

AED 2,400/sq. m/ year

Commercial office (10+ visas)

100 sq. m.+

AED 1,700/sq. m/ year

Security Deposits for 2 months rent for all offices

Type of License

Cost in AED per annum

Package A 2 activities from any segment

10,000 (Additional Activity fee AED 2,500)

Package B 5 activities from any segment

15,000 (Additional Activity fee AED 2,000)

Package C 10 activities from any segment

20,000 (Additional Activity fee AED 2,000)

Package D for UAE Nationals 5 activities

10,000 (Additional Activity fee AED 1,000)

FZ LLC/Branch Registration Fee AED 5,000 one time

* These figures are indicative and subject to change

Note:

There is an additional fee of AED 7,100 [AED 5,000 - refundable deposit + AED 2,100 - Immigration registration

fee] towards e-channel registration. There will be an annual fee of AED 1,150 for renewal of e-channel registration

FREE ZONES IN THE UAE

101

Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market is an award-winning International Financial Centre strategically located in the Capital

of the United Arab Emirates. Established by UAE Federal Decree, ADGM’s jurisdiction extends across the

entire 114 hectares of Al Maryah Island. The island is strategically located in the Capital city of Abu Dhabi with

exceptional connectivity to the business district, the residential Reem Island, the cultural island of Al Saadiyat,

the entertainment island of Yas and Abu Dhabi’s International Airport.

ADGM’s three independent authorities - the Registration Authority (RA), the Financial Services Regulatory

Authority (FSRA) and ADGM Courts - together ensure that its business-friendly environment operates in line

with international best practices, recognised by major financial centres worldwide.

ADGM is a key pillar of Abu Dhabi’s Economic Vision, acting as a catalyst for the growth of its dynamic

financial services sector in the UAE. At the heart of ADGM is a premise of long-term partnership and

collaboration - locally, regionally and internationally. Central to this is a confidence which is born out of

ambition rather than necessity. This blueprint of exchange between the UAE and the world beyond promises to

grow in the future as this country becomes an even greater influential hub for global commerce.

Since opening for business in late October 2015, ADGM quickly gained global recognition for its robust,

progressive and responsive business-friendly ecosystem. Through collaboration and by focusing on

understanding business needs, ADGM introduced many ‘firsts’ both regionally and globally. As a catalyst of

growth, ADGM delivers value to its clients and its peers, and contributes to Abu Dhabi’s ambitious growth plan

and strategy.

Setting up

As an International Financial Centre strategically positioned to service the growing economies of the Middle

East, Africa and Asia, ADGM provides a wide spectrum of services covering banking, insurance, wealth

management, asset management and capital market activities.

ADGM business activities

Regulated activities

Deposit taking Institutions

Fund Managers

Lending Institutions, Private Equity Firms, Venture Capital Firm

Fund Administrators

Investment Banking

Insurance Intermediaries

Market Intermediaries: Brokerage firms, Advisory firms

Trust Service Providers

Portfolio Managers, Asset managers

Custodian Service providers

Insurance Companies

Shari’a compliant regulatory activities

Unregulated activities

Professional and Business services

Special Purpose Vehicles (SPVs)

Family offices

Management office

102

FREE ZONES IN THE UAE

Features & advantages

• Access to a strong ecosystem of finance, services and talent

• Home to the world’s leading professional

• Common law directly applied an independent jurisdiction with its own civil and commercial laws

• Common law directly applied providing high levels of legal certainty

• Independent ADGM Courts

• Use of standard form transactional documentation for increased efficiency

• ADGM is a tax friendly environment, with 0% direct tax

• No withholding of taxes

• No restrictions on repatriation of profits

• Access to and extensive and growing number of Double Tax Treaties

• Fully digital application process

• Grade ‘A’ offices and modern infrastructure

• Global connectivity through world-class airlines, Leading hotels, healthcare and lifestyle amenities

Category of licenses

• Category A: Financial Services

• Category B: Non-Financial Services

• Category C: Retail

Costs (application and license fees)

• Category A: Financial Services - from USD 15,000

• Category B: Non-Financial Services - from USD 10,500

• Category C: Retail - from USD 6,500

FREE ZONES IN THE UAE

103

About PKF International

PKF is a global family of legally independent firms bound together by a shared commitment to quality, integrity

and the creation of clarity in a complex regulatory environment. We provide world-class analysis and clear

solutions in Assurance, Advisory, Taxation and Business Services for companies around the globe.

Our family consists of over 400 offices, operating in 150 countries across five regions. We specialize in

providing high quality audit, accounting, tax, and business advisory solutions to international and domestic

organizations in all our markets. Our regions are:

• Africa

• Asia Pacific, Europe

• Middle East and Indian sub-continent

• Latin America

• North America & Caribbean.

PKF International member firms have an aggregate fee income of over $1bn, and the network is a member of

the Forum of Firms - an organization dedicated to consistent and high-quality standards of financial reporting

and auditing practices worldwide.

We work closely with our clients on issues ranging from risk advisory to corporate finance and restructuring to

provide strong support for growth and to guide them through potential obstacles such as tax and regulation.

PKF’s services extend everywhere from a company’s inception and formation to its small-business phase, all

the way to its needs as a large corporation working with large financial deals and mergers.

When you use a PKF member firm for business advice and accountancy services, you can be confident that

the work will be carried out by dedicated professionals with international expertise. Each team is led by a

partner who will deal with you directly and be your regular point of contact. As a client of a PKF member firm

you are assured of:

• a firm that is firmly established and respected in its own country.

• a partner-led service.

• experts who understand your market.

• partners who work hard to understand your specific business and its needs.

104

FREE ZONES IN THE UAE

• knowledge of the local business landscape.

• rapid access to technical guidance and support from other member firms if required.

• seamless continuity of service for your international business needs.

What truly sets us apart is the emphasis we place on listening to your unique circumstances, and the way our

decision- makers work with clients, as one global team, to provide exactly what is needed.

Our presence on 6 continents gives us both the local perspective and the global reach to provide easy-to-

follow recommendations every step of the way.

As the leading independent global accounting and advisory brand, collaboration is central to the PKF

experience. While all members maintain full independence, our shared network allows us to offer every

accounting and advisory service a company could need throughout its lifetime, producing tailor-made

solutions in a complex economy.

FREE ZONES IN THE UAE

105

PKF International

Africa

Europe

Algeria, Angola, Botswana, Cameroon, Cape Verde,

Austria, Belarus, Belgium, Bulgaria, Croatia, Cyprus,

Côte d’Ivoire, Djibouti, Egypt, Ethiopia, Gambia,

Czech Republic, Denmark, Estonia, Finland, France,

Ghana, Kenya, Lesotho, Liberia, Malawi, Mauritania,

Georgia, Germany, Gibraltar, Greece, Hungary,

Mauritius, Morocco, Mozambique, Namibia, Niger,

Ireland, Italy, Jersey, Latvia, Lithuania, Luxembourg,

Nigeria, Rwanda, Seychelles, Sierra Leone, Somalia,

Malta, Montenegro, Netherlands, North Macedonia,

South Africa, South Sudan, Swaziland, Tanzania,

Norway, Poland, Portugal, Romania, Russian

Tunisia, Uganda, Zambia, Zimbabwe

Federation, Serbia, Slovakia, Slovenia, Spain,

Sweden, Switzerland, Turkey, Ukraine,

Asia

United Kingdom

Afghanistan, Armenia, Azerbaijan, Bangladesh,

Middle East

Brunei Darussalam, Cambodia, China, Hong Kong,

India, Indonesia, Japan, Kazakhstan, Kyrgyzstan,

Bahrain, Israel, Iraq, Jordan, Kuwait, Lebanon,

Laos, Macau, Malaysia, Mongolia, Myanmar, Nepal,

Libya, Oman, Qatar, Saudi Arabia,

Pakistan, Philippines, Republic of Korea, Singapore,

United Arab Emirates

Taiwan, Tajikistan, Thailand, Uzbekistan, Vietnam

North America

Oceania

Canada, Mexico, United States of America

Australia, Fiji, New Zealand.

Central America

Caribbean and West Indies

Belize, Costa Rica, El Salvador, Guatemala,

Antigua and Barbuda, Bahamas, British Virgin

Honduras, Nicaragua, Panama

Islands, Dominican Republic, Grenada, Guyana,

Jamaica, Puerto Rico, Saint Kitts and Nevis, St

South America

Lucia, Trinidad And Tobago.

Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador,

Paraguay, Peru, Uruguay, Venezuela

106

FREE ZONES IN THE UAE

PKF UAE Publications

As part of the firm’s continuing service to clients, PKF-UAE has produced a number of publications for their

information and benefit. These are as follows:

Practice profile

Free Zones in the UAE

A profile of PKF in the UAE.

A guide to the major Free Zones in the United Arab

Emirates including the salient features and costs.

Statement of credentials

PKF update

Details of the firm, clients, services and the team.

A quarterly newsletter detailing news from PKF-

Doing business in the UAE

UAE and matters of interest in the region All the

foregoing publications can be obtained from any of

A guide to the UAE including economic and social

the UAE offices

backg6round; the regulatory environment; basic

business structures; grants and incentives (including

free zones); taxation; and employment.

FREE ZONES IN THE UAE

107

Annexure A

Useful Contact Numbers

P.O. Box

Telephone

Abu Dhabi

Government Departments

• Chamber of Commerce

662

(2) 621 4000

• Economic Department

853

(2) 815 8888

Federal Government Ministries

• Economy

901

(2) 613 1111

• Finance

433

(2) 672 6000

• The UAE Central Bank

854

(2) 665 2220

• The UAE Offset Group

908

(2) 626 3000

Dubai

Government Departments

• Chamber of Commerce & Industry

1457

(4) 228 0000

• Department of Tourism & Commerce Marketing

594

(4) 282 1111

• Department of Economic Development

13223

(4) 445 5555

Federal Government Ministries

• Economy

3625

(4) 314 1555

• Finance

1565

(4) 393 9000

• The UAE Central Bank

448

(4) 393 9777

• Jebel Ali Free Zone

17000

(4) 881 3000

• Dubai Airport Free Zone

2525

(4) 299 5555

• Dubai Creative Clusters Authority

(4) 390 0500

• Dubai Media Commodities Centre

48800

(4) 424 9600

108

FREE ZONES IN THE UAE

Useful Contact Numbers

P.O. Box

Telephone

Ajman

Chamber of Commerce

662

(6) 747 1222

Economic Department

870

(6) 744 6244

Ajman Free Zone

932

(6) 701 1555

Sharjah

Government Departments

• Chamber of Commerce & Industry

580

(6) 530 2222

• Economic Department

829

(6) 512 2222

Federal Government Ministries

• Economy

3803

(6) 528 1222

• The UAE Central Bank

645

(6) 559 2592

• Sharjah Airport International Free Zone (SAIF Zone)

8000

(6) 557 0000

• Hamriyah Free Zone

1377

(6) 526 3333

Fujairah

Chamber of Commerce & Industry and Agriculture

738

(9) 223 0000

Fujairah Free Zone

1133

(9) 222 8000

Ras Al Khaimah

Chamber of Commerce & Industry and Agriculture

(7) 207 0222

Economic Department

10510

(7) 204 4444

The UAE Central Bank

5000

(7) 228 4444

Ras Al Khaimah Free Zone

10055

(7) 204 1111

(7) 800 7111

Umm Al Quwain

Chamber of Commerce & Industry and Agriculture

436

(6) 765 1111

Ahmed Bin Rashid Free Zone / UAQ Free Zone

279

(6) 764 7272

FREE ZONES IN THE UAE

109

Annexure B

List of Uae Tax Treaties

The Government of the United Arab Emirates has signed Agreements for the Avoidance of Double Taxation

and The Prevention of Fiscal Evasion with respect to Taxes on Income with more than 110 countries. The list of

ratified treaties is given below:

Albania

Cameroon

Greece

Lebanon

Algeria

Canada

Guinea

Libya

Andorra

China

Holland

Liechtenstein

Angola

Colombia

Hong Kong

Lithuania

Antigua and Barbuda

Comoro Islands

Hungary

Luxembourg

Argentina

Costa Rica

India

Macedonia

Armenia

Croatia

Indonesia

Magnolia

Austria

Cyprus

Iraq

Malaysia

Azerbaijan

Czech

Ireland

Maldives

Bangladesh

Ecuador

Italy

Mali

Barbados

Egypt

Japan

Malta

Belarus

Equatorial Guinea

Jersey

Mauritania

Belgium

Estonia

Jordan

Mauritius

Benin

Ethiopia

Kazakhstan

Moldova

Bermuda

Fiji

Kenya

Montenegro

Bosnia and Herzegovina

Finland

Saudi Arabia*

Morocco

Brazil

France

Korea

Mozambique

Brunei Darussalam

Gambia

Kosovo

New Zealand

Bulgaria

Georgia

Kyrgyzstan

Nigeria

Burundi

Germany

Latvia

Pakistan

110

FREE ZONES IN THE UAE

Palestine

Saint Kitts & Nevis

Sri Lanka

Uganda

Panama

Senegal

Sudan

Ukraine

Paraguay

Serbia

Switzerland

United Kingdom

Philippine

Seychelles

Syria

United Mexican States

Poland

Singapore

Tajikistan

Uruguay

Portugal

Slovak

Thailand

Uzbekistan

Romania

Slovenia

Tunisia

Venezuela

Russia

South Africa

Turkey

Vietnam

Rwanda

Spain

Turkmenistan

Yemen

The Government of the United Arab Emirates has also signed 78 Agreements for the Promotion and Protection

of Investments. The list includes the following countries:

Albania

Comoro Islands

Lebanon

Rwanda

Algeria

Costa Rica

Malaysia

Saint Kitts and Nevis

Andorra

Czech Republic

Maldives

Senegal

Angola

Egypt

Mali

Serbia

Antigua and Barbuda

Equatorial Guinea

Mauritania

Singapore

Armenia

Estonia

Mauritius

Slovak

Austria

Ethiopia

Mexico

Sudan

Azerbaijan

Finland

Moldova

Sweden

Bangladesh

France

Mongolia

Switzerland

Belarus

Georgia

Montenegro

Syria

Belgium

Germany

Morocco

Tajikistan

Luxembourg

Greek

Netherlands

Thailand

Economic union

Guinea

Nigeria

Tunisia

Belize

India

Pakistan

Turkey

Benin

Italy

Panama

Turkmenistan

Britain (UK)

Jordan

Paraguay

Uganda

Burundi

Kenya

Poland

Ukraine

Cambodia

Korea

Portuguese

Uzbekistan

China

Kosovo

Romania

Vietnam

Colombia

Kyrgyzstan

Russia

Yemen

FREE ZONES IN THE UAE

111