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After the opening of the Jebel Ali Port in 1979, a free economic trade zone was set up by decree of the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. Jafza commenced operations in 1985 with 19 companies offering standard-sized office units and warehouses to provide ready-built facilities to customers.
Free zone companies can run business within the relevant zone or outside the UAE. Some free zones (including ADGM, JAFZA, DMCC, RAK FTZ) allow for inward re-domiciliation of foreign companies, which means a transfer of a corporate seat of an existing company from abroad to the UAE free zone. [3]
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 ...
Jebel Ali Free Zone (JAFZA) JLT Free Zone Dubai; Khalifa Port and Khalifa Industrial Zone Abu Dhabi ... Chiasso and Stabio, free port and bonded warehouse, Chiasso [22]
The Hamriyah Free Zone is a free zone place in the city of Sharjah in the United Arab Emirates.Established by an Emiri decree in November, 1995, the Free Zone is 24 square kilometers in size and has a 14 meter deep port and 7 meter deep inner harbor.
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.
NAFFCO (National Fire Fighting Manufacturing FZCO) is a Middle East-based manufacturer of firefighting products, its business is built around fire protection engineering. [1]
National Industries Park, a part of DP World UAE, was started as a specific industrial leaseable land zone in 2003. [4] The whole development covers an area of 21,000,000 square metres (230,000,000 sq ft) of land, with over 300 small and medium enterprises calling it home. [5]