Dubai South free zone
Posted: May 31, 2018
Since the UAE’s first free zone opened its gates in the 1980s, it’s reasonable to say they have been a active success. Free zones are usually recognized as playing a giant part in both the change of the UAE’s economy and the country’s upswing to becoming one of the world’s important business hubs. The UAE’s free zones explanation for over one third of the nation’s non-oil trade and were respected at around USD 140bn in 2015 – according to Gulf News. And the top-secret of their achievement is, well, not very secret. It’s clear to see why businesspersons find them such an good-looking proposal – 0% corporate and personal tax, 100% repatriation of capital and profits, no currency restrictions, 100% company ownership, and 100% import and export tax exemption – to name just a few of the benefits.
However, every free zone offer these benefits, it is not true to say that all are the same – each also offers up its own series of assistances that change slightly from others in the region.
So adding in this, the latest installment is the Dubai south free zone; we are going to look at Dubai South Free Zone. If you’re sold on the idea of setting up in a free zone but are still bearing in mind your options, here are some key benefits of Dubai South free zone to help decide whether it’s the right fit for your business.
Key benefits of Dubai South free zone
A Multimodal Platform - The joined master plan of Dubai World Central comprises eight districts: The Al Maktoum International Airport, Aviation District, Logistics District, Commercial District, Residential District, Exhibition District, Humanitarian District and Golf District. Dubai World Central (DWC) denotes the meeting of Dubai’s logistical prowess spanning sea, land and air. Dubai World Central DWC is directly linked to Jebel Ali Port via a dedicated logistics corridor. This forms a single customs bonded free zone crossing approximately 200 square kilometers.
Strategic Location - The development is strategically located to the south of Jebel Ali and connected to the Jebel Ali Port via the Logistics Corridor. Dubai South free zone offers direct access to two of the primary Trans; emirate road networks - Sheikh Mohammed Bin Zayed Road (previously known as Emirates Road) and the Dubai By-Pass. It is also suitably linked to the Sheikh Zayed Road, a freeway popular with several UAE motorists.
World Class Business Hub - Dubai is like a dream situated to access the world’s emerging economies, which makes it the ideal location to set up and develop the business in this region.
100% business ownership - An expat can fully own the business without a requirement of a local partner.
Flexible Office Solutions - Options for straightaway available flexi desks (plug and play), tune up offices, as well as freehold & leasehold offices for retail and commercial use.
A full range of business activity options - Dubai south free zone reflects majority of Dubai Department of Economic Development activities from commodities to retail outlets, consultancies to beauty salons.
Fewer Nationality Restrictions - Lesser limitations apply compared to other free zones in terms of ownership, visas & dependent relative sponsorship.
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