Free zones in Dubai allow companies to operate without any restrictions. These companies are generally large and can operate anywhere in the UAE. On the other hand, free zone companies can only operate within the boundaries of the free zone where they were registered. The free zones were created to attract investors to the UAE. The first one was established in 1985. Now, they account for 94% of the UAE’s private sector and employ nearly eighty percent of its workforce.
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The Free Zones are designed to encourage foreign investment in the city. Most have a low cost of entry, which makes it an affordable option for many international businesses. In addition, many of them have access to other facilities like a business incubator and accelerator. There is also an economic development plan in some areas that will provide funds for new companies and help existing ones stay in business. In Dubai, the government is currently focusing on developing these free zones.
The Dubai World Trade Center is the central hub of the city. It serves as a strategic platform for the international financial community. The center is surrounded by the Exhibition District, the Commercial District, and the Logistics District. It also has the Humanitarian District close to the Al Maktoum International Airport. The DWC is the home of the DWC, which is a global hub for the aviation industry.
There are two types of free zones in Dubai. The Business Park provides fully furnished office space for small and medium-sized businesses and large corporations. The Technology Park is the perfect place for IT companies, while the Industrial Park offers all the amenities heavy industries need. There is also the Academic Zone and the Media Zone, which are suitable for media and educational organizations. The first two are the most popular and convenient for both parties.
In the United Arab Emirates, the Free Zones in Dubai are designed to suit different companies. Those in the Business Park have fully furnished offices while the companies in the Industrial Park are provided with everything they need for manufacturing. Meanwhile, the Academic Zone has office spaces for educational institutions. It is important to understand the differences between the different free zones and choose the right one for your business. This is where the advantages of each free zone are most apparent.