The motivation for Free Zones has worldwide been an encouragement to increase economic activities through establishments for freely conducted business activities. Meanwhile, Dubai Freezones have evolved to become the most reputable and favourable in the Middle East for international operations, enabling full foreign investor ownership, no taxation, and diverse customs privileges. Setting up a Freezone Company is comparably simpler and faster, where there is no requirement for the appointment of a local partner nor agent in order to be granted an operative license. As a Freezone Company holder amongst over 50 different Freezones in the UAE covering all major business sectors, one is entitled to residence visas covering family members as well as hiring staff.
Dubai has been a role model for other Emirates to establish their own Freezones offering competitive rates and flexible structures where even in certain cases company registration could be undertaken in the foreign investor’s absence.