The Free Trade Zone (FTZ) concept is widely recognized as one of the best tools governments have in their disposal in order to improve the financial indicators in their countries. FZDs are off-shore economic entities created to attract investment funds in exchange for favourable taxation arrangements and free capital movement. Every FTZ is governed by an administrative body, the FZ Authority, according to a special legal frame created specifically for that FTZ. The term off-shore does not refer to any geographic boundary. FTZs can be categorized as airport, seaport or mainland free zones.
There are currently more than 45 FTZs in UAE, more than 30 of them in Dubai alone. Most of them are built around one or a few similar business or industry categories and offer licenses to companies that fall into this particular category.
FTZ benefits include:
100% foreign ownership (no local sponsor required)
Up to 50 years corporate tax exemption
No personal taxation
No import and export taxation
Unrestricted repatriation of capital and earnings
Property ownership allowed
Simplified legal procedures
Some of the FTZs in Dubai are:
Dubai Airport FZ
Dubai Healthcare City
Dubai International Financial Centre (DIFC)
Jebel Ali FZ
Dubai Gold and Diamond Park
Dubai Media City
Dubai Studio City, etc.
Once again, you are strongly advised to get legal help before you attempt to embark in any kind of activity, on-shore or off-shore.