Free Zone
Designated areas in UAE offering special business and tax advantages.
Detailed Description
Free Zone
What is the primary purpose of Free Zones?
The primary purpose of Free Zones is to encourage international trade and investment by creating a business-friendly environment.
What are Export Processing Zones (EPZs)?
Export Processing Zones (EPZs) focus primarily on manufacturing goods for export, often with minimal local market interaction.
What are some benefits of operating within a Free Zone?
Benefits include tax incentives, customs benefits, regulatory flexibility, access to infrastructure, and investment attraction.
What regulations govern Free Zones?
Regulations include eligibility criteria, operational compliance, and customs procedures that businesses must follow.
What challenges do Free Zones face?
Challenges include tax evasion concerns, labor exploitation, economic disparities, and complex regulatory compliance.