Free Zones in Dubai
Both, residential and commercial freehold properties in Dubai are available only in designated freehold areas or Free Zones.
You will have full ownership of your freehold property in Dubai with residence visa, but will not be able to work or set up a business under this visa.
The Free Zones in Dubai have been set up with the specific purpose of facilitating investment. Accordingly, the procedures for investing in the freehold zones are relatively simple.
While Dubai free zones are designed to complement and contribute to Dubai's growth and development, their legal status is quite distinct. Companies operating in Dubai Free Zones are treated as being offshore or outside the United Arab Emirate (UAE) for legal purposes.
The option of setting up in the free zones is therefore most suitable for companies intending to use Dubai as a regional manufacturing or distribution base and where most or all of their turnover is going to be outside the United Arab Emirates (UAE).
Free Zones
- 100% foreign ownership
- Exemption from all import duties
- 100% repatriation of capital and profits
- Freedom from corporate taxation, as applied throughout Dubai, with the added bonus of a renewable 15 year guarantee in the free zone
- Abundant inexpensive energy
- Simple and efficient recruitment procedures ensuring the availability of a competitive skilled and experienced workforce
- A high level of administrative support from the free zone authorities.
Without a doubt, the free zone areas are the best ones to invest in Dubai as there will be more demand, particularly employees who will want to live and work in the same area or companies interested to acquire fixed assets.