Dubai Free Zones
Free zones offer favorable concessions and multiple investment incentives that include full ownership and no taxation, Dubai Free Zone was the first to innovate this concept. Currently, there are about 22 functional free zones that are customised to meet the requirements of various sectors like media, finance, ICT, healthcare, jewelry and Gold. The largest free zone is Jebel Ali Free Zone which offers full ownership and exemption from corporate tax and customs duty on equipment and raw material imports.
Michael R. Scotch
1) Jebel Ali Free Zone
Jebel Ali Free Zone achievements:
2) Dubai Airport Free Zone
Established in 1996, this premium free zone destination has multiple international blue-chip companies. The industries include FMCG, ICT, Telecom, Fashion, Aviation and Automotive.
This free zone offers an impeccable location and multiple world class facilities like proximity to the airport and high connectivity within the areas. They offer a 24 hours custom service and rapid cargo clearance through a dedicated logistics centre.
Other benefits include:
3) Dubai Internet City
Sustaining its position as the largest ICT infrastructure in the Middle Est, located inside the Free Zone, Dubai Internet City helps in the development of ICT companies. It provides a strategic platform for companies that seek high growth markets in regions spanning from Africa to CIS countries and Middle East to Indian Subcontinents. The leaders of technology and communications work out of the DIC including Canon, Logica, Cisco, Dell, HP and many more.
4) Dubai Silicon Oasis
This Government established ‘world- class’ techno park provides a dynamic platform for business growth. Spanning over an area of over 75 million sq. Feet, this community offers an infrastructure with R&D, offices, residential areas, schools and many other facilities. They have the latest Fibre-optic network and is facilitated with a hi-tech infrastructure and a comprehensive telecom plan.
Dubai Silicon Oasis offers:
5) Dubai Healthcare City
This Fee Zone is built with robust design with facilities including clinical and wellness service, research, medical education and quality healthcare. The first one to conceptualize this idea, Dubai Healthcare City has two phases.
Phase 1: A functional 4 million sq. feet project accommodating outpatient clinics, day care, rehabilitation centres, diagnostic centres, transplant centres, pharmaceutical and hospital equipment providers.
Housing over 80 reputed facilities, this zone operates to top international standards. Some healthcare companies include:
City Hospital, American Academy of Cosmetic Surgery Hospital, Drs. Nicolas and ASP, Dr. Sulaiman Al Habib Medical Centre, London Centre for Aesthetic Surgery, Moorfields Eye Hospital Dubai, Dubai Gynaecology and Fertility Centre, Mughrabi Eye Centre and the German Heart Centre.
Some pharmaceutical companies include: Wyeth, Sanofi Aventis, Novartis, AstraZeneca, and Novo Nordisk.
Phase 2: Wellness centres, nutrition centres, resorts, spas, and sports medicine facilities.
6) Dubai Biotechnology and Research Park
Established in 2005, this life sciences tech park provides a platform for life sciences companies to reach out to the fastest growing emerging markets.
Some of its services include:
Those operating from DuBiotech include Pfizer, Genzyme, Merck-Serono, Amgen, Maquet, National Reference Lab and Firmenich.
7) Dubai International Financial Centre
This is an ideal financial Free Zone destination. It aids in bridging the gap that financial centres face due to time zones between Hong Kong and London. It is a strategic platform for regional capital and investments and provides access to some of the largest financial emerging markets. It houses over 750 companies that include reputed financial services companies.
8) Dubai Multi Commodities Centre
An established government authorised initiative, the Dubai Multi Commodities centre provides world class infrastructure and facilities for energy, gold and precious metals, gemstones, diamonds and other commodities. It has now expanded to representative offices of foreign establishments and service companies.