Professional Documents
Culture Documents
Although the greatest possible care has been observed in drawing up this publication, the
possibility always exists that certain information has in time become outdated or is no
longer correct. PKF, therefore, does not accept any liability for the consequences resulting
from activities undertaken on the basis of this publication. Consultation of an expert
remains necessary at all times.
Published by PKF, Dubai. April 2009
PKF is a member of PKF International Limited, an association of legally independent member firms
Accountants &
business advisers
Accountants &
business advisers
Free Zones in
the United Arab Emirates
Contents
Preface
Introduction
Economy
13
15
17
21
63
77
About PKF
83
PKF International
83
87
Annexure
89
PKF - Free Zones in the UAE - Contents
Preface
The globalisation of trade and foreign investment over the past decade, as expressed
in the World Trade Organisation (WTO), has significantly exposed economies to
competitive pressures of the global economy. New global trading rules under the WTO
present both steep challenges and fresh new opportunities to national economies. In this
respect, trade integration will become a key policy objective if a country is to succeed in
increasing the volume of trade and economic development.
In pursuing this objective, there are a variety of trade instruments that countries in
recent years have begun to develop the most common of which are Free Trade Zones.
Although the general concept of a Free Trade Zone is uniform in nature, one encounters
a number of different types of Free Trade Zones in different countries. They vary
according to national characteristics and the goals set for them by national governments.
Free Trade Zone is not a new concept. It is at least as old as western civilisations,
having existed in 300 BC in the Greek island of Delos, which as a result became one
of the wealthiest islands in the world for nearly a century. It is estimated that there are
now well over 1000 Free Zones operating in about 120 countries. The reason for this
remarkable growth is that Free Trade Zones have been an extraordinary mechanism for
fostering export-led industrialisation worldwide. They promote economic development
by attracting investment and generating employment and foreign exchange earnings.
Indeed, the zone concept is so powerful, that more and more countries are recognising
a new paradigm of Free Zones. While the old Free Zone was often described as static,
labour-intensive, incentive driven, the new zone paradigm is a dynamic investmentintensive, management driven one, enabling an integrated economic development tool.
In the UAE, the first Free Zone at Jebel Ali came into existence in 1985 and provided
international businesses and corporations a hub, which connected the East and the West
and expanded the horizons of their operations. Today there are more than two dozen
Free Zones in the UAE providing top class facilities and infrastructure for doing business
PKF - Free Zones in the UAE - Preface 1
and most importantly are industry specific in nature. This booklet contains all relevant
information about these zones.
We sincerely believe that the information provided in this booklet would be a guiding
torch to the investor for selecting a particular zone for his business.
Range of Services
PKF professionals in the UAE can provide expert advice on various business issues. Our
services include:
Ras Al Khaimah
Umm Al Quwain
Ajman
Sharjah
Dubai
Abu Dhabi
Al Ain
Fujairah
Introduction
The United Arab Emirates (UAE) was established on 2nd December 1971 and is a
federation of seven emirates, namely: Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah,
Umm Al Quwain, Ajman and Fujairah.
The United Arab Emirates is situated in the Eastern part of the Arab world. It overlooks
the Gulf of Oman to the East and the Arabian Gulf to the North. The Arabian Gulf and
Gulf of Oman are linked by the Hormuz Strait. The UAE covers an area of approximately
83,600 square kilometers (32,654 square miles), including numerous islands. The
coastal area consists primarily of salt marshes. Inland, the topography is predominantly
desert, sand dunes and gravel plains with isolated oases, the largest of which are
located at Al Ain and Liwa. The Hajar Mountains lie close to the sea on the East coast.
The Emirates have a common cultural heritage but the tribal links are very strong within
each Emirate. Abu Dhabi is ruled by the Al Nahyan family, which belongs to the Bani Yas
tribe. Dubai is ruled by the Al Maktoum family, which belongs to the Al Bu Falasah tribe.
The other emirates are also ruled by various families, which belong to powerful tribes of
the respective regions.
The three most populated Emirates are Abu Dhabi, Dubai and Sharjah; approximately 83
percent of the total population belongs to these emirates.
The official language is Arabic, and all communications with the government must be
in Arabic, although among the expatriate communities various other languages are
spoken. Foreigners will find that English and Hindi / Urdu are widely understood.
English is used for all written communication between businesses.
Economy
The UAE economy has been transformed from a subsistence economy to one of the
most prosperous and highly advanced societies in the world. The economy experienced
a sudden explosion in GDP in the 1970s and 1980s due to rising oil prices and adverse
conditions in the oil market.
The government has adopted a policy of controlled diversification, which led to the rise
of non-oil sectors and most importantly trade. A combination of diversification and
financial reserves has given the UAE economy considerable resilience, which is reflected
in the economy. New corporate, stock market and banking legislation, review of laws and
development of additional legislative framework are under review. The government is
constantly aiming at promoting efficiency and transparency which will further boost the
economic development in the UAE.
Petroleum dominates the economy of the UAE. At one time an underdeveloped area, by
1985 the region had the highest per capita income in the world. The immense wealth has
been invested in capital improvements and social services in all seven of the Emirates.
Petroleum production is centered in Abu Dhabi and Dubai. Industrial development
is essentially petroleum related and is limited by a lack of trained personnel and raw
materials.
The country is on the threshold of a new era involving a booming economy and fast
paced modernisation. Dubai is seeking long term investments as the Emirates regional
status opens huge opportunities for multinationals interested in the regions markets
and its neighbouring areas. The retail sector is expected to boom in the next five years
due to booming population and increased consumer demands. Tourism, commercial,
residential and population growth in the UAE coupled with the expanding road network
infrastructure will increase the total size of the retail sector.
Population
The population has been growing at a steady rate for the last five years. The UAE has
the highest population growth rate in the Arab World due to improved health services
and the ongoing migration of expatriates to the country. Despite this sharp growth, the
UAE has maintained its position as having one of the highest per capita incomes in the
World. The growth has increased the demand for all kind of goods. Consequently there
has been growth in trade and related activities like imports, manufacturing, etc.
2005
4.110
2006
4.230
2007
4.490
Foreign Trade
The foreign trade has attained a noticeable and continual increase throughout the last
five years. The increase in imports is accredited to intensification of the re-export trade,
a distinctive fact of the UAE economy. The increase has been further supplemented by
the development of capital and consumption goods.
2005
74.49
117.29
2006
88
145.59
2007
116.60
208.13
2005
173
312
485
2006
223
375
598
2007
260
437
697
Ras Al Khaimah
Offshore
Similar to the concept of offshore company, the Ras Al Khaimah Free Trade Zone
Authorities have laid down the regulations to incorporate International Companies in
the Ras Al Khaimah Free Trade Zone (RAKFTZ). The regulation prescribes that the
incorporation of the International Company shall be through a registered agent. The
firms of accountants and lawyers approved and licensed for that purpose by the RAKFTZ
are permitted to provide services to clients for registering International companies,
registered office and for acting as the agents for the companies.
Conclusion
In short to attract investments of expertise and capital, the governments of the individual
Emirates seek to provide an attractive business environment. The following are some of
the principle features of the economic and business environment in the UAE:
A virtual absence of taxation.
Excellent communications systems.
A well-structured financial sector with no exchange control regulations.
A coordinated infrastructure that provides all essential utilities to the major centers.
Free Trade Zones that ensure ease of registration and efficient operating facilities.
An attractive social environment, including modern educational, medical and
recreational facilities.
Liberation of property ownership, which is one of the factors contributing to the UAEs
booming property market.
The Governments far-sighted planning and fast execution of projects have led to the
most phenomenal development in the second half of the last century - the rise of a city,
the emergence of a new economy.
Free Zones in
the UAE
The Free Trade Zones (FTZs) of the UAE are a veritable opportunity for the country to
showcase its development and special area approach. The UAE in the last decade has
witnessed a quantum increase in industrial development and one of the most significant
and remarkable achievements is the success of Free Zones. Free Trade Zones are
established under a special Decree passed by the Ruler of the Emirate in which the Free
Zone is created.
To date the Free Zones have been successful in attracting a large number of foreign
companies and foreign direct investment. The share of the Free Zones in non-oil
exports has increased considerably along with the net exports from the Free Zones. The
incentives offered by various Free Zones of the UAE are generally similar and include:
An independent Free Zone Authority (FZA) governs each Free Zone, and is the
agency responsible for issuing FTZ operating licenses and assisting companies with
establishing their business in the FTZ.
Investors can either register a new company in the form of a Free Zone Establishment
(FZE)/Free Zone Company (FZCO) or simply establish a branch or representative office
of their existing or parent company based within the UAE or abroad. An FZE is a limited
liability establishment, incorporated in a Free Zone, owned by one natural or judicial
person, whereas an FZCO is a limited liability company incorporated in a Free Zone by
more than one shareholder, generally up to five. FZE/FZCO are governed by the rules
and the regulations of the Free Zone in which they are established. There is a minimum
capital requirement ranging from AED 50,000 to AED 1,000,000 depending upon the
selected Free Zone.
Once a legal presence has been established in the Free Zone, the business will need to
lease premises or land and acquire a license from the FZA. Different types of licenses
are issued in different Free Zones, however companies with valid licenses only can
conduct business within the Free Zone or abroad. To sell their products in the UAE, a
UAE registered official agent is required. Services and products can be obtained from
and within the UAE without an agent.
The licenses issued by the FZA can be renewed annually as long as a lease agreement is
in force with the FTZ.
Given hereunder are the various Free Zones established in the Emirate of Dubai:
1. Jebel Ali Free Zone
14. Dubai Multi Commodities Center
2. Dubai Cars and Automotive Zone
15. Jumeirah Lake Towers
3. Gold and Diamond Park
16. Dubai Flower City
4. Techno Park
17. Dubai Airport Free Zone
5. Dubai Internet City - Tecom
18. Dubai Healthcare City
6. Dubai Media City - Tecom
19. Dubai Silicon Oasis
7. Dubai Studio City - Tecom
20. Dubai International Financial Center
8. Intl Media Production Zone - Tecom
21. International Humanitarian City
9. Knowledge Village - Tecom
22. Dubai Logistics City
10. Dubai International Academic City - Tecom 23. Dubai Maritime City
11. Dubai Outsource Zone - Tecom
24. Dubai Textile City
12. Energy & Environment Park - Tecom
25. Heavy Equipment & Trucks City
13. Dubai Biotechnology &
26. Dubai Auto Parts City
Research Park - Tecom
Given hereunder are the various Free Zones established in the Emirate of Sharjah and the
Northern Emirates: 1. Sharjah Airport Free Zone
2. Hamriyah Free Zone
3. Ajman Free Zone
4. Fujairah Free Zone
Given hereunder are the various Free Zones established in the Emirate of Abu Dhabi: 1. Abu Dhabi Airport Free Zone
3.Two Four 54
2. Free Trade and Logistics Zone (Taweelah)
The UAE Free Zones have been among the strong pillars of the countrys economic
performance attracting much foreign investments, creating thousands of jobs, and
facilitating the needed transfer of technology into the country. Together, the Free Zones
account for more than half of the countrys non-oil exports and underpin the UAEs
ranking as the third most important re-export centre in the world.
The Free Zones help in keeping the engine of economic diversification rolling by
attracting foreign investment in the private sector, which is central to the regions overall
plan aimed at reducing its economic dependence on oil, while creating employment for
its nationals. Moreover, the Free Zones could prove to be the mechanism not only for a
new impetus to diversification, but also for changing the very face of economic activity
in this region.
FREE ZONES IN
DUBAI
Features
Excellent support service from Dubai Ports Authoritys two modern terminals.
On-site chamber of commerce, international banks, insurance companies,
consultancies, etc.
Mortgaging of company-owned facilities (excluding leased land).
Lease period up to 50 years.
Types of activities include manufacturing, processing, assembling, packaging, import/
export, distribution, storage, services, etc.
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Company (FZCO) - minimum share capital is AED 500,000.
As a Free Zone Establishment (FZE) - minimum share capital is AED 1,000,000.
Types of Licenses
Industrial
Trading
Service
National Industrial
General Trading
Features
Government support services.
Competitive freight charges.
Ease of administration problems.
No restrictions on import of automobiles.
No import duties.
Hassle free clearance from Police (traffic department), Customs, Port and Banks.
Excellent support systems.
The facilities could be leased for 50 years.
Type of company activities would include trading in cars only.
PKF - Free Zones in the UAE - Free Zones in Dubai 23
Form of registration
As a branch of a UAE company - no minimum capital required.
As a Free Zone Company (FZCO) - minimum share capital is AED 100,000.
As a Free Zone Establishment (FZE) - minimum share capital is AED 100,000.
Features
Government support services.
Retail shopping facility for visitors.
24 hrs security services.
Chiller systems free of cost.
24 PKF - Free Zones in the UAE - Free Zones in Dubai
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Company (FZCO) - minimum share capital AED 100,000.
TECHNOPARK (TP)
TechnoPark (TP) is a fully owned subsidiary of Economic Zones World; which is a
part of the government owned organisation that developed the Jebel Ali Free Zone and
internationally renowned DP World. It was established according to Law No. 1 of 2003
issued by H.H. the Rulers Court and designed to be the leading local economic zone
in the Middle Eastern Region. TP aims at developing a knowledge-based technologycentric sustainable business hub, which will not only support the countrys research
and development needs in its core sectors but will also support the nations long term
economic development and growth. TP is about 3 miles from the Jebel Ali Airport and
offers high tech industries, with special attention to Desalination, Oil and Gas, a chance
to establish themselves in a state-of-the-art facility.
PKF - Free Zones in the UAE - Free Zones in Dubai 25
Features
100% foreign ownership.
The freedom to repatriate both capital and profits.
Abundant inexpensive energy supply.
Efficient transport and distribution facilities.
One Stop Services.
TP is different from other Free Zones as it provides the best of both worlds ie TP is a
local economic zone with additional privileges similar to those of the Free Zones.
Forms of registration
Limited Liability Company (commercial/ industrial)
Branch of a Free Zone Establishment (FZE)
Branch of a Free Zone Company (FZCO)
Branch of a local and Foreign Company
26 PKF - Free Zones in the UAE - Free Zones in Dubai
Features
State-of-the-art technology.
World class technical infrastructure (high bandwidth, low telecom cost, high speed
PKF - Free Zones in the UAE - Free Zones in Dubai 27
Form of registration
As a branch of a foreign company -no minimum capital required
As a branch of a UAE company-no minimum capital required.
As a Free Zone Limited Liability Company (FZ-LLC) - Minimum share capital is
AED 50,000 and the maximum depends on the authorities after review of the business plan.
The DMC is fully supported by the Government of Dubai and has established Free Zone
specific corporate laws that empower the companies in the community and help them
grow. The facility offers an environment that allows companies and individuals to operate
with collective synergy and freedom. The Dubai Media City emphasizes The Freedom
to Create.
The DMC brings to the media community an advanced infrastructure based upon a
global interconnected network, linked by satellites, computers, internet, television,
radio, journalism, cinema and film production. The City is already home to many
international companies including global giants such as CNN, Reuters, Sony Broadcast
& Professional, McGraw Hill Publishing, Bertelsmann, and MBC, along with regional
companies and new start-ups.
Features
The most advanced scalable IT network.
Satellite Uplink / Downlink facilities.
Post production studios and facilities.
Shared Business Centers.
Customer Care Center (provides all technical and support service).
Special facilities for professional freelancers.
50 year lease contract for land and building.
Type of company activities include broadcast services, music, video/audio
publishing, production and post-production, advertising agencies, studios, etc.
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Limited Liability Company (FZ LLC) - Minimum share capital is
AED 50,000 and the maximum depends on the authorities after review of the business plan.
with excellent networking opportunities. With all the elements of the film entertainment
industry under one roof, support services such as marketing and ancillary services
are also available, making Dubai Studio City an ideal destination for the audio-visual
industry.
Over the past few years, the audio-visual industry has witnessed a revolutionary
change. With the rapid increase in the number of TV channels, the fastest-growing
media industry today is TV Content Production and Distribution. Technically advanced
animation films are gaining popularity, as digital portable devices reinvent the music
industry. In such a pulsating scenario, it makes sound business sense to invest in a costcompetitive development like Dubai Studio City which has the potential to make history.
Dubai Studio City aims at attracting investors from the production and broadcast
industries. Companies providing support services like animation, dubbing, make-up,
costume design, casting, talent agencies are also invited to be a part of Dubai Studio
City. Film schools and universities offering accredited programs, as well as film
workshops and short courses will be made available at Dubai Studio City. The institutes
and education centres will help identify and groom future talent for the industry.
Features
Industry Cluster Environment
Advanced and scalable Telecoms and Broadband
Networking Opportunities
Tap into the creative and innovative energy in the zone for new ideas
Excellent networking opportunities in the Media Hub
Commercial, residential, educational and recreational facilities
Type of company activities include TV and radio broadcasting, broadcast management,
filmed entertainment, film production / post production, sound production, various
production services, music & entertainment etc.
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Limited Liability Company (FZ-LLC) - minimum share capital
AED 50,000 AED 2,500,000 depending on the type of license.
PKF - Free Zones in the UAE - Free Zones in Dubai 31
Type of License
TV & Radio station (terrestrial /satellite)
TV & Radio network (terrestrial /satellite)
Broadcast Management
Features
State-of-the-art communications.
High-quality thermally-insulated production units.
Complete facility for production operations.
The land could be leased for 30 years.
Type of company activities would include pre-press, printing, post-press, distribution
services, logistics services, support service providers, etc.
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Limited Liability Company (FZ-LLC) - share capital is dependent on
the business activity and varies from AED 200,000 to AED 500,000.
Type of License
General Segments
Publishing
Features
Government support services.
Conference centers.
Dormitory.
Multimedia library and other common facilities.
The facilities could be leased for 50 years.
Type of company activities include IT and Media Corporate Schools, Executive
Education Centre, HR Development Centre, Professional Training Centers, Vocational
Training Centers, Assessment Centre, Testing Centre, Linguistic Institute, Innovation
Centre, Academic Service Provider, School, e-Learning Provider, etc.
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Limited Liability Company (FZ-LLC) - minimum share capital varies
from AED 50,000 AED 2,500,000 depending on the type of license
34 PKF - Free Zones in the UAE - Free Zones in Dubai
economy. Benefits for DIAC investors include 100% foreign ownership, 100% tax free,
100% repatriation of profits. There are currently many international universities of higher
learning from diverse regions including Australia, India, Pakistan, Iran, Russia, Belgium,
UK and Ireland operating out of DIAC, however the authority expects to further house 25
international universities to cater to more than 30,000 students in the future.
These institutions offer programs that range in duration from one year to four years.
Major academic programs on offer include engineering, computer science, fashion
and design, biotechnology, environmental studies, quality management and business
management programs.
The selection of international universities depends on a number of criteria including
university ranking, strength and programmes that correspond to the UAEs industry
needs. DIAC will be spread across an area of 25 million square feet. There will be areas
dedicated to the international education zone, research and development centres, sports
facilities, student unions and student and faculty accommodations.
However currently there is no mandate for the international universities based in DKV to
move to the DIAC. The set-up in DKV is not as appropriate for the universities that need
to expand as DKV will focus more on house training and human resources companies.
At DIAC universities have the option of either building their own campus or moving into
the ready-made buildings .
Features
Government support services.
Wellness centres, dining facilities and entertainment venues including movie theatres,
gaming centres etc.
Student Accommodation
Sports centres
Multimedia library and other common facilities.
Type of company activities include Universities, colleges, sports facility management,
library management, accommodation service provider, academic support services, etc.
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Limited Liability Company (FZ-LLC) - minimum share capital varies
and depends on the authorities after review of the business plan.
.
Facility
Size
Cost in AED per annum
Offices
18,000 - 20,000 sq.ft 145 - 180 per sq.ft
Land
250,000 sq.ft onwards 20 - 30 per sq.ft
Registration Fee one time (FZ-LLC) AED 3,500
Registration Fee one time (Branch) AED 3,500
Type of License
University segment
Branch University segment
Features
100 percent exemption from taxes
100 percent repatriation of capital and profits
Host of support Services to eliminate problems faced by outsourcing companies and
to reduce operational hassles for outsourcing service providers. They include Speedy
Incorporation and Trade Licensing, Hospitality Services and Event Management
Services, etc.
Facilities to plug-and-play infrastructure which helps offshore service providers to
start operations with minimal upfront investment.
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Limited Liability Company (FZ LLC) - minimum share capital
AED 300,000.
Type of License
General Segments
Features
100% tax free
100% foreign ownership
No corporate tax
No income tax for 50 years
No custom duty
Full currency convertibility
Hassle-free company laws and legal framework
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Limited Liability Company (FZ LLC) - minimum share capital is
AED 300,000.
Type of License
Varies
The park will be built in several phases on a 300 hectare area located close to the
Dubailand project. This zone aims at serving knowledge that benefits both the society
and the economy and would be an ideal platform for the regional and international
scientific community to interact closely.
Construction of DuBiotechs main infrastructure is underway and the first phase was
completed in 2007. The DuBiotech Laboratory Complex will be completed by the end of
2008 and DuBiotechs Headquarters will be completed by mid 2009.
Discoveries and inventions can be patented through the Industrial Property Directorate
(the UAE equivalent of the Patent Office), at the Ministry of Finance and Industry.
The applications are then examined and following approval, a UAE patent is granted.
Innovators also have the option of applying through the GCC patent office in Saudi
Arabia, which provides GCC-wide protection. Additionally, the UAE is party to the Patent
Cooperation Treaty (PCT). This allows for a centralised application system where any
PCT member state can designate any other PCT member state for patent filing. This is an
easy and cost effective way of protecting a patent internationally.
Intellectual Property (IP) rights are recognised in the UAE and therefore strict
enforcement will exist for DuBiotech based companies. DuBiotech supports companies
registering Intellectual Property rights and expedites processing and registering these
rights. Small and medium enterprises and large biotechnology and pharmaceutical
companies, R&D laboratories, biotechnology related educational and academic
institutions, suppliers, manufacturing, incubators and other associated sectors are
encouraged to establish operations at DuBiotech.
The UAE Ministry of Health oversees the approval of medical drugs and products for
use within the UAE. DuBiotech, through its MOU, regulations and close collaboration
with the UAE Ministry of Health, assists DuBiotech based companies to successfully
launch drugs in national and regional markets. Any drugs that are exported to the US or
Europe have to be approved by the FDA and EMEA respectively. DuBiotech understands
that clinical trial regulations are needed in the region and these are currently under
development. Stem cell research will be conducted in a regulated environment
conforming to international standards.
DuBiotech will be an incubator for researchers and scientists and a centre for production,
creativity and development. In order to achieve that, the authorities will ensure a suitable
PKF - Free Zones in the UAE - Free Zones in Dubai 41
environment and the basic infrastructure that will attract the best scientists, research
centers and biotechnology laboratories. BioTiqania Advanced Training Institute was
founded as a spin-off initiative of Dubai Biotechnology and Research Park (DuBiotech).
BioTiqania is committed to providing a high standard of innovative technical training in
various scientific and industrial fields.
The park will comprise two main initiatives - an industry cluster and the Foundation
for Research and Innovation (FRI). As part of developing a cluster, DuBiotech seeks
to attract a synergistic mix of biotechnology and pharmaceutical companies active in
discovery, R&D, testing, production, storage, sales and distribution. It will also attract
companies offering business support services for this industry such as legal and
venture capital (VC) firms specializing in the biotech industry, educational and training
institutions focused on biotech, and equipment, materials and consumables suppliers.
The main license categories are Therapeutics, Diagnostics and Analysis, Agricultural,
Forestry and Horticulture, Environment, Specialty supplies, Equipment, Life Science
consultancy and Life Science and Biomedical Associations, etc.
Features
State-of-the-art infrastructure
Special areas have been set aside for companies who wish to construct their own buildings.
Dedicated production, warehousing and distribution areas will be created.
Laboratory space.
Common facilities include a library, video-conferencing, auditorium, theatre, meeting
rooms, etc
24/7 electrical power back up
Waste management and effluent treatment including the disposal of chemical,
biological and hazardous materials
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Limited Liability Company (FZ LLC) - minimum share capital varies
depending on the authorities after review of the business plan.
42 PKF - Free Zones in the UAE - Free Zones in Dubai
Type of License
Production
Manufacturing
Others
DMCC plans to strengthen Dubais position as the leading regional centre for bullion
business by offering improved facilities to enterprises establishing themselves under
the Centres auspices. The infrastructure at DMCC will accommodate every facet of the
business - manufacturing, trade, education, certification and technology. Alliances with
other players in the trade such as finance organisations, government institutions, etc.
will promote complete growth of the industry.
To further boost the regional diamond trade, the official announcement was made on
the Dubai Diamond Exchange (DDE), which is the first WFDB (World Federation of
Diamond Bourses) affiliated bourse in the Arab World.
DMCC has also entered into a joint venture between MCX (Multi Commodity Exchange
of India and FTIL (Financial Technologies India Ltd) and has formed the Dubai Gold and
commodities exchange (DGCX). DGCX provides advanced electronic infrastructure and
an organized monitored environment.
DMCC also aims bringing the best of educational institutions to Dubai, to make the
latest in technology and processes available to the local and regional market.
DMCC has been instrumental in implementing the Kimberely Process in the United
Arab Emirates as part of its endeavor to streamline the trade with global standards and
protecting the legitimate diamond industry.
Features
Trading in various commodities including gold and precious metals, diamonds and
colored stones and various services that compliment the main core business.
Free hold ownership of business premises
Diamond exchange
50 years tax holiday.
Form of registration
As a branch of a foreign company - no minimum capital required.
As a Free Zone Company (DMCCO) - minimum share capital is AED 200,000.
Type of License
Manufacturing
Trading
Service
15,010
15,010
Form of registration
As a branch of a foreign company - no minimum capital required.
As a Jumeirah Lake Tower entity (JLT) - minimum share capital is AED 300,000
Type of License
Trading/service
Features
World class logistics hub.
Increased capacity and connections to and from major global trading points.
Provides cost effective, high quality point of import and distribution.
Range of innovative technology.
The worlds best cool chain management.
Resources and facilities to enable cost effective value addition.
Facilities and support to enable efficient commercial transactions.
Rapid consolidation and trans-shipment facilities.
Specialised perishables handling team.
Flower treatment facilities.
Type of company activities would include import consolidation, re-export, wholesale/
trading, grower, other value added services, technical service providers, re-packaging,
bouquet making/bunching/assembling and logistics service providers.
PKF - Free Zones in the UAE - Free Zones in Dubai 47
Form of registration
As a branch of a foreign company - no minimum capital required
As a branch of a UAE company - no minimum capital required
As a Free Zone Company (FZCO) - minimum share capital is AED 500,000.
As a Free Zone Establishment (FZE) - minimum share capital is AED 1,000,000
Features
Located within the boundaries of Dubai International Airport.
Fast and efficient cargo clearance services (8-24 hours).
International Freight Forwarders and Logistics companies at DAFZ.
48 PKF - Free Zones in the UAE - Free Zones in Dubai
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Company (FZC) - minimum share capital is AED 500,000.
Free Zone Establishment (FZE) - minimum share capital is AED 1,000,000.
Type of License
Industrial
Trading
Service
DHCC aspires to provide excellent medical care services in selected disciplines that
are relevant to the health problems facing patients in the region. The core of the
healthcare cluster economy is a University Medical Complex; consisting of a University
Specialty Hospital, a Post-Graduate Medical School and Nursing School, and a Life
Science Research Center. The combination of these 3 components will enable Dubai to
leapfrog to the forefront of regional medical practices, establishing a position of regional
leadership through leading edge education and research, and thereby becoming a center
of excellence in global healthcare.
DHCC will be a welcoming gateway for patients coming from abroad, visiting doctors,
conference participants, post-graduate interns and staff members. DHCC will cater
to both the medical and the wellness clusters. The Wellness Cluster is a collection of
independent businesses that are designed with the long-term health and wellness of the
patient or customer in mind. The holistic approach will focus on a customers well being
and enhancing the quality of life.
Features
Low operating costs.
State-of-the-art medical facilities.
Integrated healthcare community.
Specialized first class medical care.
Holistic centers, healthcare malls and other support services.
The facilities could be leased or on free hold basis.
The types of activities allowed in DHCC are wellness centers, nutrition centers,
rehabilitation centers, health resorts and spa, health farm, research centers,
pharmaceutical companies, private hospital and clinics, nursing school, science
specialists, university complexes, tele-health and e-enabled services, etc.
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Company (FZ LLC) - share capital varies, depending on the type of project.
Clinical
- minimum AED. 300,000
Non Clinical - minimum AED.100,000
Hospitals
- To be advised by the authority
Type of License
Commercial License
Hospitals
Professional License
Features
World-class campus, exquisite layout.
Plug-and-play facilities.
Comprehensive support facilities for IC companies.
All suppliers and service providers under one roof - cost and time savings.
Mutually - supporting community - joint projects, shared facilities.
Type of company activities would include CAD/CAE companies, design companies,
packaging companies, testing companies, etc.
Form of registration
As a branch of foreign company.
As a branch of a UAE company.
As a Free Zone Company (FZCO) - minimum share capital is AED 500,000.
As a Free Zone Establishment (FZE) - minimum share capital is AED 1,000,000
Type of License
Cost in AED per annum
15,000in Dubai
52Manufacturing
PKF - Free Zones in the UAE - Free Zones
Trading
15,000
Office
Min 50 sq.mts
Warehouse
Min 366 sq.mts
Land Min
5,000 sq.mts
FZE Registration Fee one time AED 10,000
FZCO Registration Fee one time AED 15,000
Type of License
Manufacturing
Trading
Service
Attracting liquidity back into investment opportunities within the region, thereby
contributing to its economic growth.
Facilitating planned privatisations in the region and enabling initial public offerings of
privately owned companies, thus providing impetus to the programme of deregulation
and market liberalisation throughout the region.
Contributing to the development of regional stock markets which, in turn, will
contribute towards broadening the capital and ownership base of private sector
companies; and, promoting the growth of Islamic finance and the development of the
regions reinsurance sector.
NASDAQ DUBAI (Formerly known as The Dubai International Financial Exchange
Limited {DIFX}), a subsidiary of the DIFC Authority, is expected to play a major role in
the development of regional capital markets by attracting key regional companies to
list their shares and other issued securities on the exchange. This, in turn, is expected
to attract international investors and encourage additional portfolio flows to the region,
thereby accelerating the process of the regions integration with world markets.
The DIFC has three independent bodies overlooking its operations, which enable it
to function as a self contained financial service center and each body is assigned
independent functions. These are DIFC Judicial Authority (DIFC Courts), DIFC Authority
[with its subsidiary DIFC Investments and NASDAQ DUBAI and Dubai Financial Services
Authority (DFSA)].
Dealing with an individual client with less than US$ 1 million in liquid assets
Dealing with an institutional client with share capital or net assets less than US$5 million
Accepting deposits from the United Arab Emirates market
Conducting insurance business with individuals
Providing money services unless it is connected with another financial service for
which the firm is authorized
Features
Internationally accepted laws and regulatory processes.
A world-class, independent, regulatory agency working alongside other financial
regulatory agencies located in major global jurisdictions.
A wholly transparent operating environment, complying with global best practices.
A dollar denominated environment.
An international stock exchange with primary and secondary listings of debt and
equity instruments.
A variety of legal vehicles that may be established with capital structuring flexibility.
The DIFC focuses on several sectors of financial activity like the Banking Services
(Investment Banking, Corporate Banking and Private Banking); Capital Markets (Equity,
Debt Instruments, Derivatives and Commodity Trading); Asset Management and
Fund Registration; Insurance and Re-insurance; Islamic Finance; Business
Processing Operations and Ancillary Services.
Forms of registration
Company with Limited Liability: - Companies with limited liability are incorporated
under Law No. 2 of 2004 Companies Law.
Limited Liability Partnership:- Limited Liability Partnerships are formed under
Law No. 5 of 2004 Limited Liability Partnership Law. By signing and filing with
the Registrar an application for incorporation, any two or more persons may apply for
the incorporation of a Limited Liability Partnership, in accordance with the terms of
the Limited Liability Partnership Agreement.
General Partnership: General Partnerships are formed under Law No. 11 of 2004
General Partnership Law. Under the General Partnership Law, all partners are jointly,
and severally liable without limit, for the debts and obligations of the partnership.
PKF - Free Zones in the UAE - Free Zones in Dubai 55
Size
Varies
community and relocating to new facilities which will be developed on land allocated
by the Government of Dubai in Dubai World Central (near to new upcoming Jebel Ali
international airport).
Those interested in establishing any organisation / company within IHC and wish
to receive more information about the offering and registration procedures, should
complete the Expression Of Interest Form. Upon receipt of this Expression of Interest
Form, a member of the IHC team will contact the potential client you want to meet and
schedule a meeting to discuss your specific needs and what IHC has to offer.
Features
Strategic location.
Logistics Hub
World class infrastructure.
Ability to assimilate relief aid suppliers.
Organisations and donors within an integrated city.
Cost Effective procurement options
Easy access to the port and the international airport.
Type of organisations in IHC would include United Nations agencies, local and
international aid and development organisations, well established NGOs, commercial
companies relief agencies, donors and complimentary business, etc.
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Subsidiary - minimum share capital varies .
As a New Company - minimum share capital varies .
Type of License
Trading
Service
Industrial
or custom designed facilities for distribution and value added services industry and
trading companies which self-operate their distribution centers, final assembly and
other value adding activities as part of their down-stream order fulfilment processes
companies supporting the logistics community.
Features
Air cargo terminals: Directly at the apron and designed for air cargo terminal handling
service providers who want to address their individual market of airlines. Land plots
for industry or contract logistics: With most flexible plot layouts to support dedicated
industry or contract logistics facilities and larger multi-client warehousing operations.
Land plots for forwarders: Exclusively for forwarders with access to the airports apron
and optimal for mid-sized and larger forwarding businesses who want to combine
shipment handling and consolidation operations and warehousing/distributions
services. Shared forwarders warehouses: Near the air cargo terminals and optimal for
small and medium sized cargo handling operations. Integrator facilities: a dedicated
section for integrator facilities directly at the apron provides amenities facilities
throughout the premises. All logistics services and transport modes are integrated into
a single customs bonded and a Free Zone environment and allow companies to focus on
the optimisation of their supply chains.
Form of registration
As a branch of a foreign / UAE company.
As a Dubai World Central Limited Liability Company (DWC LLC) - Minimum share
capital is AED 300,000 OR capital varies depending on the business plan.
Facility
Size
Office
Varies
Warehouse
Varies
Land Min
10,000 sq.mts
DWC LLC Registration Fee one time AED 10,000
Type of License
Trading
Service
Features
Industry Cluster Environment
Government support services
60 PKF - Free Zones in the UAE - Free Zones in Dubai
Tap into the creative and innovative energy in the zone for new ideas
Excellent networking opportunities
Commercial, residential, educational and recreational facilities
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Company (FZC) - minimum share capital is AED 500,000.
Free Zone Establishment (FZE) - minimum share capital is AED 1,000,000.
FREE ZONES IN
SHARJAH AND THE
NORTHERN EMIRATES
PKF - Free Zones in the UAE - Free Zones in Sharjah and the Northern Emirates 63
Features
The only Emirate with seaports on the East and West coasts.
SAIF Zone is the worlds first ISO certified Airport Free Zone.
Access to ports in the Arabian Gulf and the Indian Ocean.
Lease period upto 25 years.
Type of company activities include manufacturing, processing, assembling,
packaging, Import/export, distribution, storage, services, etc.
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Company (FZCO) - minimum share capital is AED 150,000.
Free Zone Establishment (FZE) - minimum share capital is AED 150,000.
PKFof-License
Free Zones in the UAE - Free Zones
in Sharjah
and
the Northern Emirates
64Type
Cost
in AED per
annum
Industrial
7,500 -10,000
Land
Min. 2500 sq.mts
50 - 100 per sq.mts
Executive Offices
Min. 24 sq mts
1650 per sq.mts
Factory/Warehouse
134 - 645 sq.mts
Varies from 63,000 - 185,000
FZE / FZCO Registration Fee AED 10,000 (one time fee)
Branch Registration Fee AED 5,000 (one time fee)
Type of License
Industrial
Commercial (3 items)
Service
General trading
Buying and Selling of Real Estate
Real Estate Development
Aviation License
Freight Forwarding and cargo handling
Features
Hamriyah Free Zone (HFZ) Access to 3 modern seaports.
Sharjah is the only Emirate with seaports on the East and West coasts.
HFZ has access to one of the largest cargo hubs in the UAE at Sharjah International Airport.
Lease period upto 25 years.
Type of activities include manufacturing, processing, assembling, packaging, import/
export, distribution, storage, services, etc.
PKF - Free Zones in the UAE - Free Zones in Sharjah and the Northern Emirates 65
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Company (FZCO) - minimum share capital is AED 150,000.
As a Free Zone Establishment (FZE) - minimum share capital is AED 150,000.
66 PKF - Free Zones in the UAE - Free Zones in Sharjah and the Northern Emirates
Features
Economical wage structure and easy access to vast work force.
Total elimination of all service charges and hidden fees.
Lease period upto 20 years.
Type of company activities include manufacturing, processing, assembling,
packaging, import/export, distribution, storage services.
Form of registration
As a branch of a foreign / UAE company - no minimum capital required.
As a Free Zone Company (FZCO) - minimum share capital is US $ 50,000.
As a Free Zone Establishment (FZE) - minimum share capital is US $ 50,000.
Size
One desk space
Offices
16 - 40 sq.mts
Factory/Warehouse
540 sq.mts
Land
Min. 2000 sq.mts
FZE/FZCO - No registration Fee
Type of License
Industrial
Trading
Service
General trading
PKF - Free Zones in the UAE - Free Zones in Sharjah and the Northern Emirates 67
Features
Multi-access to neighboring and global markets by land, sea and air.
Efficient and cost-effective investment facilitation.
Served by Fujairah Port and the Fujairah International Airport.
Lease period upto 15 years.
Type of company activities include manufacturing, processing, assembling,
packaging, import/export, distribution, storage services.
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Company (FZCO) - minimum share capital is AED 150,000.
Free Zone Establishment (FZE) - minimum share capital is AED 150,000.
Type of License
Cost in AED per annum
Industrial
5,000
PKF - Free Zones in the UAE - Free Zones
in Sharjah and the Northern Emirates
68Commercial
2,500
Service
5,000
Flexi Desk
Varies
Virtual Office
Varies
Factory/Warehouse
300 sq.mts onwards
Land
Min. 250 sq.mts
FZE Registration Fee AED 5,000 (one time fee)
Type of License
Industrial
Commercial
Service
General trading
Real Estate Investment
Real Estate Investment & Development
15,000
12,000
225 per sq.mts approx
15 per sq.mts onwards
Training
Design
Cinema
The Free Zone is proposed to be a 200,000 square meter complex and is located
alongside Fujairah highway connecting to Emirates road. The first phase of the Creative
City is under construction and is expected to be ready by the 4th quarter of 2009.
Currently the FM authority is issuing licenses by providing office facilities at the
prominent Fujairah tower.
PKF - Free Zones in the UAE - Free Zones in Sharjah and the Northern Emirates 69
The FM zone enjoys a Free Zone status and hence is entitled to a tax free status, 100%
foreign ownership, full repatriation of capital and profits and quick approval procedures,
etc. The Free Zone also allows media professionals to register as freelancers .
Features
Seven creative zones
Aims mainly to attract local and regional clients.
Focus on smaller businesses and Freelancers.
Haven for Intellectual property Right (IPR).
Established terrestrial digital broadcasting, (DVB-H) platform in the Middle East
namely Jebalcom.
Home to 13 channels of various languages.
Providing production facilities.
70 PKF - Free Zones in the UAE - Free Zones in Sharjah and the Northern Emirates
Forms of registration
Branch (parent company should be minimum 2 years old)
FZCO with minimum share capital of AED 150,000
FZE with minimum share capital of AED 50,000
Freelancer (no capital required)
Types of license:
Facility
Size
Executive office
Min. 350 sq.fts
Private Desk /Hot desk
(only for freelancers)
Land
Varies
FZE Registration Fee one time AED.4,000/FZCO Registration Fee one time AED.4,000/Branch Registration fee one time AED.4,000/Type of License
Service
Freelancers
*Premium service License
(as decided by the FM authority like
publishing/broadcasting, etc.)
PKF - Free Zones in the UAE - Free Zones in Sharjah and the Northern Emirates 71
Features
Type of activities include manufacturing, processing, assembling, packaging, import/
export, distribution, storage services.
Leases up to 15 years.
Form of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
Size
Varies
Varies
Varies
The Al Hamra Development, located across the Emirates Highway, is a 325 hectare
waterfront recreational and residential development that includes a hotel, waterfront
villas, marina and golf course. The proximity of the Technology Park to the Emirates
Highway makes it readily accessible to the City Centre, International Airport, Port
Saqr and destinations southward, such as Dubai. The Free Zone is home to over 450
companies.
Features
Clients can operate to full capacity from their Ras Al Khaimah offices or warehouses
in any of the 3 Free Zone Parks (Business Park, Industrial Park and Technology Park
Free Zones).
Choice of professionally serviced, prime locations in the heart of Dubai, from which to
concentrate on marketing and management activity.
Lease period up to 15 years.
Type of company activities include manufacturing, processing, assembling,
packaging, import/export, distribution, storage, services, cargo and freight
forwarding, accounting and audition services, logistical, etc.
The flexibility to open up offices in the Emirate of Dubai or Abu Dhabi.
Form of registration
As a branch of a foreign company no minimum capital required.
As a branch of a UAE company no minimum capital required.
As a Free Zone Company (FZCO) minimum share capital is AED 100,000 OR
500,000 (for General Trading )
Free Zone Establishment (FZE) minimum share capital is AED 100,000 OR
AED 500,000 (for General Trading and Real Estate license)
PKF - Free Zones in the UAE - Free Zones in Sharjah and the Northern Emirates 73
including teleport facilities for uplinking images from Ras Al Khaimah to various
satellites. The Free Zone which will lease land to investors who wish to set up their own
media facilities, be it a printing press, a film studio, an advertising agency, a magazine
office or a television studio. Also lease ready-to-use office space and up-linking
facilities to such licence holders.
To make use of RAKs colourful and rich landscape besides its rich history and heritage
that makes it the ideal venue for film shoots, film studios and establishments linked to
the film industry are also being issued a licence by the RMFZ and many leading filmmakers have expressed interest in setting up in Film City in RAK.
Currently the RAK Media City is going on an expansion drive by investing Dh.80 million
into building 10 studios, 10 dubbing theatres and 20 shooting stages for films and TV
productions. The new facilities, once completed aim to offer a more convenient place for
media-related companies that are establishing business in the UAE with RAK as their
base. The new facilities will be used by publishing, advertising and media houses as
production bases.
Competitive rental costs, service convenience and an upcoming future with economic
growth in RAK are added advantages for the companies starting to have a presence
in RAK. In recent months, more than 20 international companies from the publishing,
advertising and media sector have established activities in the RAK Media Free Zone.
The type of licenses issued by the RAK Media City are as under:
TV Broadcasting, production, TV management.
Audio management.
Advertising Agency,
Printing, Publishing, Distribution.
Sports Management and Promotion
Studios for film, television, audio-visual productions, computer graphics houses and
animation studios, etc.
Graphic Design
Consultancy and Research, Concept and Design.
News Agencies, Research and Information Services, etc.
PKF - Free Zones in the UAE - Free Zones in Sharjah and the Northern Emirates 75
Features:
Image uplinking via satellites
Teleport services
Competitive rental cost
Following Media Code of Conduct
Providing production facilities.
Forms of registration
FZLLC with minimum two shareholders. Share capital of AED 150,000
FZE with single shareholder. Minimum share capital of AED 100,000
76 PKF - Free Zones in the UAE - Free Zones in Sharjah and the Northern Emirates
FREE ZONES
IN ABU DHABI
The creation of ADAFZ is driven by the Abu Dhabi Airports Company (ADAC),
incorporated in March 2006, to lead the development of the Emirates aviation
infrastructure. ADAFZs establishment is part of ADACs objective to finance its airport
development programmes through non-aeronautical revenues, minimising Government
grants.
ADAFZs Benefits
100% Corporate tax exemption
100% Import and export exemption
100% Personal income tax exemption
100% Foreign company ownership
100% Repatriation of capital and profits
Additional Advantages
One-stop-shop administration services
Fast and efficient cargo clearance services
International freight forwarders and logistics services
Online customer service
Land with easy access to airport apron
On-site customs inspection
24 hours access to facility
The signing of this agreement with DP World and Economic Zones World is yet another
step in the drive towards greater cooperation, integration and to build the commercial
relationship between the neighbouring Emirates of Abu Dhabi and Dubai. The new port
and logistics hub will solidify the UAEs position as a world class transport and logistics hub.
The Trade and Logistics Free Zone will expand over an area of 25 square km in its first
phase and will be the first Trade and Logistics Free Zone in Abu Dhabi. The Free Zone is
scheduled to be operational by the end of 2010.
twofour 54 (2454)
Abu Dhabi is home to a new media content creation zone called twofour54.
Representing the geographical co-ordinates of Abu Dhabi, twofour54 aims to establish
the city as a centre of excellence for Arabic content creation that is internationally
renowned.
The launch of twofour54 has created new industry opportunities for the region, by
providing a collaborative and fully-equipped centre that brings together local, regional
and international companies from across the breadth of the film, broadcast, digital,
publishing and music industries. With some of the Worlds leading content companies
already onboard and announcing major plans, twofour54s advanced ecosystem offers
production facilities, infrastructure, training and a new business incubator - all on one
site - for the development of World class Arabic content by people from the Middle East
region for its 300 million Arab audience.
twofour54 is based near Khalifa Park in Abu Dhabi. A 200,000 square metre waterfront
site in the Mina Zayed area of the city has been earmarked for twofour54s permanent
campus, which should be completed within five years.
twofour54 is built around four pillars located within a campus style environment that
promotes cooperation and creative partnerships amongst the companies involved.
twofour54 tadreeb
twofour54 tadreeb will be the regions premier vocational training academy, inviting
media and entertainment professionals and graduates to gain and develop skills across a
80 PKF - Free Zones in the UAE - Free Zones in Abu Dhabi
twofour54 ibtikar
twofour54 ibtikar provides support and funding for new businesses and promising
creative ideas across print, online, mobile and television platforms in the UAE and
broader MENA region. twofour54 ibtikar offers two funding solutions, the iFund and
the Creative Lab. The iFund offers start-up funding, business-planning and operational
support to entrepreneurs who want to launch new ventures in Abu Dhabi. The Creative
Lab provides seed funding, development guidance, and strategic planning to creative
talent with exciting new content and creative ideas.
twofour54 intaj
twofour54 intaj supplies state-of-the-art production and post-production facilities,
media asset management, broadcast and technical support services to its partners.
This includes five high-definition studios fully equipped with the latest technologies,
the regions first media asset management services, as well as a highly experienced
pool of dedicated operations and engineering professionals.
twofour54 tawasol
twofour54 tawasol provides holistic support services through its Shared Services and
Property Management departments. Together, they form a one-stop-shop facilitating the
relocation and establishment of content organisations in twofour54.
All establishments in twofour54 are required to be licensed under the Business
Licensing Regulations currently in force. When a licensee is engaged in disseminating
content from the zone, they are also required to hold a Dissemination License in addition
to their Business License.
Form
of registration
Facility
Office
Branch
(shell)
Empty
FZLLCoffices
with no
minimum share capital
Registration Fee AED 2, 500 (one time fee)
Types
Size
Desk space
Varies
of license:
Business License
Dissemination License
Television Broadcasting
Print media
Internet, Radio and other Media
Facility costs
Facility
Office
Empty offices (shell)
Registration Fee AED 2, 500 (one time fee)
Size
Desk space
Varies
About PKF
PKF International
PKF International is among the top international business advisory networks, measured
by turnover and quality. The present International organisation was formed in 1969
and originally consisted of four member firms: Australia, Canada, United Kingdom and
United States. Added to the sustained growth in the number of PKF member firms, this
solidity has provided the foundations for the global sharing of expertise, experience
and skills and the development of services that meet the evolving needs of all types of
clients, from the individual up to the transnational company. At present it has 230 legally
independent firms in 400 locations in 120 countries with an aggregate annual turnover
of US$ 1.7 billion.
The mission of PKF is to provide the highest quality professional services to all clients by:
Having a close network of member firms each firmly established and respected in its
own country, providing an international perspective but delivering services with a
local focus
Ensuring that there is a member firm in each mature and emerging market
Providing appropriate technical guidance and support to enable member firms to excel
Taking responsibility for the speedy dissemination of information and advice to all
members
Adopting compatible information systems and technology
Making it easy for member firms to access the expertise of others
Encouraging the free interchange of staff
Guaranteeing a seamless and consistent service for all clients with transnational needs
PKF International
A selection of countries in which PKF International Ltd has representation in.
AFRICA
Angola, Cameroon, Cote Divoire, Gambia, Ghana, Kenya, Liberia, Mauritius,
Mozambique, Morocco, Namibia, Niger, Nigeria, Rwanda, Senegal, Sierra Leone, South
Africa, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia
ASIA
China, Fiji, India, Indonesia, Japan, Korea, Malaysia, Papua New Guinea, Philippines,
Singapore, Taiwan, Thailand, Vanuatu
AUSTRALIA
Australia, New Zealand
CENTRAL AMERICA
Belize, Costa Rica, El Salvador, Guatemala, Honduras, Panama
EUROPE
Austria, Belarus, Belgium, Channel Islands, Croatia, Cyprus, Czech Republic, Denmark,
Estonia, Finland, France, Georgia, Germany, Greece, Hungary, Ireland, Isle Of Man,
Italy, Kazakhstan, Latvia, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal,
PKF - Free Zones in the UAE - PKF International 85
Romania, Russia, Serbia, Slovak Republic, Slovenia, Spain, Switzerland, Turkey, Ukraine,
United Kingdom
MIDDLE EAST
Bahrain, Egypt, Jordan, Kuwait, Lebanon, Saudi Arabia, Sultanate of Oman, Syria,
United Arab Emirates, Yemen
SOUTH AMERICA
Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Nicaragua, Paraguay, Peru,
Uruguay, Venezuela
NORTH AMERICA
Canada, Mexico, United States of America
PKF UAE
Publications
As part of the firms continuing service to clients, PKF-UAE has produced a number of
publications for their information and benefit. These are as follows:
Practice Profile
A profile of PKF in the UAE
Statement of Credentials
Details of the firm, clients, services and the team
PKF Update
A quarterly newsletter detailing news from PKF-UAE and matters of interest in the region
All the foregoing publications can be obtained from any of the UAE offices
ANNEXURE A
Useful Contact Numbers
P.O. Box
Telephone
Government Departments
Chamber of Commerce
Economic Department
662
853
901
433
854
908
DUBAI
Government Departments
Chamber of Commerce & Industry
Department of Tourism & Commerce Marketing
Department of Economic Development
1457
594
13223
3625
1565
448
17000
2525
73000
53777
ABU DHABI
P.O. Box
Telephone
AJMAN
Chamber of Commerce
Economic Department
Ajman Free Zone
662
870
932
SHARJAH
Government Departments
Chamber of Commerce & Industry
Economic Department
580
829
3803
645
8000
1377
738
1133
87
10510
5000
10055
436
279
FUJAIRAH
Chamber of Commerce & Industry
& Agriculture
Fujairah Free Zone
RAS AL KHAIMAH
Chamber of Commerce & Industry &
Agriculture
Economic Department
UAE Central Bank
Ras Al Khaimah Free Zone
UMM AL QUWAIN
Chamber of Commerce & Industry
& Agriculture
Ahmed Bin Rashid Free Zone
ANNEXURE B
List of UAE Tax Treaties
The Government of the United Arab Emirates has signed an Agreement for the Avoidance
of Double Taxation and The Prevention of Fiscal Evasion with respect to Taxes on
Income with several countries including:
The Government of The Republic of Syria, 2000.
The Government of Canada, 1998.
The Government of Turkmenistan, 1998.
The Government of Lebanon, 1998.
The Federal Republic of Germany, 1995.
The Kingdom of Belgium, 1996.
The Government of The Republic of Finland, 1996.
The Government of The Republic of Singapore, 1995.
The Government of The Republic of Italy, 1995.
The Government of The Republic of Egypt, 1994.
The Government of The Peoples Republic of China, 1993.
The Islamic Republic of Pakistan, 1993.
The Government of The Republic of Poland, 1993.
The Government of The Republic of Turkey, 1993.
The Government of Romania, 1993.
The Government of The Republic of India, 1992.
The Government of The Czech Republic, 1996.
The Government of The Republic of France, 1989.
The Government of The Peoples Democratic Republic of Algeria, 2001.
The Government of Yemen Arab Republic, 2001.
The Government of Tunis Republic, 1996.
The Government of The Kingdom of Morocco, 1999.
The Government of The Republic of Sudan, 2001.
The Government of The Republic of Mozambique, 2004.
PKF - Free Zones in the UAE - Annexure B 91
Notes
Notes
Notes
Although the greatest possible care has been observed in drawing up this publication, the
possibility always exists that certain information has in time become outdated or is no
longer correct. PKF, therefore, does not accept any liability for the consequences resulting
from activities undertaken on the basis of this publication. Consultation of an expert
remains necessary at all times.
Published by PKF, Dubai. April 2009
PKF in the UAE is a member of PKF International Limited, an association of legally independent member firms