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Today, the mid-rise buildings called Jafza 14, Jafza 15, Jafza 16 and Jafza 17 are the primary office buildings of the free zone. Jafza 17 serves as the headquarters for DP World . In 2007, Jafza integrated government services and enabled Jafza businesses and employees to access services from Dubai Government Departments within the free zone.
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise; 100% import and export tax exemptions
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In 1985, the Jebel Ali Free Zone (JAFZA) was created: an industrial area surrounding the port. International companies that relocate there enjoy the special privileges of the free zone. These include exemption from corporate tax for 50 years, no personal income tax, no import or re-export duties, no restriction on currency, and easy labor ...
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The establishment of designated freezones in the United Arab Emirates (UAE) traces its roots to the nation's strategic vision for economic diversification.In the late 20th century, recognizing the need to reduce reliance on oil revenue, the UAE embarked on a deliberate initiative to create economic zones that would attract foreign investment, promote international trade, and foster innovation.