Since the UAE’s first free zone opened its gates in the
1980s, it’s reasonable to say they have been a active success. Free zones are usually
recognized as playing a giant part in both the change of the UAE’s economy and
the country’s upswing to becoming one of the world’s important business hubs.
The UAE’s free zones explanation for over one third of the nation’s non-oil
trade and were respected at around USD 140bn in 2015 – according to Gulf News. And the
top-secret of their achievement is, well, not very secret. It’s clear to see
why businesspersons find them such an good-looking proposal – 0% corporate and
personal tax, 100% repatriation of capital and profits, no currency
restrictions, 100% company ownership, and 100% import and export tax exemption
– to name just a few of the benefits.
However, every free zone offer these benefits, it is not true
to say that all are
the same – each also offers up its own series of assistance that change
slightly from others in the region.
So adding in this, the latest installment is the Dubai south free
zone; we are going to look at Dubai South Free Zone. If you’re sold on the
idea of setting up in a free zone but are still bearing in mind your options,
here are some key benefits of Dubai South free zone to help decide whether it’s
the right fit for your business.
Key benefits of Dubai South free zone
A
Multimodal Platform - The joined master plan of Dubai World Central comprises
eight districts: The Al Maktoum International Airport, Aviation District,
Logistics District, Commercial District, Residential District, Exhibition
District, Humanitarian District and Golf District. Dubai World Central (DWC) denotes
the meeting of Dubai’s logistical prowess spanning sea, land and air. Dubai
World Central DWC is directly linked to Jebel Ali Port via a dedicated
logistics corridor. This forms a single customs bonded free zone crossing
approximately 200 square kilometers.
Strategic
Location - The development is strategically located to the south of Jebel Ali
and connected to the Jebel Ali Port via the Logistics Corridor. Dubai South free
zone offers direct access to two of the primary Trans; emirate road networks -
Sheikh Mohammed Bin Zayed Road (previously known as Emirates Road) and the
Dubai By-Pass. It is also suitably linked to the Sheikh Zayed Road, a freeway
popular with several UAE motorists.
World
Class Business Hub - Dubai is like a dream situated to access the world’s emerging
economies, which makes it the ideal location to set up and develop the business
in this region.
100%
business ownership - An expat can fully own the business without a requirement
of a local partner.
Flexible
Office Solutions - Options for straightaway available flexi desks (plug and
play), tune up offices, as well as freehold & leasehold offices for retail
and commercial use.
A full
range of business activity options - Dubai south
free zone reflects majority of Dubai Department of Economic Development
activities from commodities to retail outlets, consultancies to beauty salons.
Fewer
Nationality Restrictions - Lesser limitations apply compared to other free
zones in terms of ownership, visas & dependent relative sponsorship.
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