Contact us today for a free, no obligation consultation
Designed to encourage foreign direct investment, the UAE’s range of free zones are free from many of the costs and restrictions placed on businesses established throughout the rest of the UAE.
While there are free zones throughout the Emirates, most are concentrated in and around Dubai. These free zones are often industry-specific, restricting the activities of businesses within each free zone to the range of permitted activities related to that industry.
Free zones are permitted their own laws and regulations within specific areas, quite apart from those enacted elsewhere in the UAE.
As an example of this, the Dubai International Financial Centre (DIFC) has its own body of law, including corporate law, contracts law and employment law, as well as its own court system.
In certain respects, free zones govern themselves, which allows them to provide a number of incentives to foreign investors looking to set up in Dubai.
Where mainland UAE or “onshore” businesses are free to undertake an array of activities, free zone or “offshore” business are restricted to the industry-specific activities permitted within their free zone.
Onshore businesses are also free to trade throughout the GCC and UAE, including within the free zones, however, offshore businesses are typically only allowed to trade internationally, or within their own free zone.
Another factor to consider is the cost of setting up and running a business within a free zone. Ongoing costs such as office space rental can be higher than elsewhere in the UAE, with fewer options on offer.
To find out more about establishment options in Dubai, contact us today on 00 971 4381 7333 to arrange your free, no-obligation consultation. While Fusion Middle East does not offer free zone establishment services, we will happily put you in touch with a trusted company that does.