Free Zone Incorporation With one of the greatest per household earnings in the Middle Eastern, the United Arabic Emirates (UAE) is a point of interest for traders in this area. The UAE is typically associated with oil and natural resources. However, this is certainly not the only market with businesses. The relating to bodies within the emirates that create up the UAE are practical in creating motivation techniques and building features to create the area aggressive with company locations around the world.
Free Areas are one such program to provide features and rewards to a variety of sectors and traders. A broad range of no cost zones have been developed within the UAE. These consist of Dubai Terminal Free Area, Hamriyah Free Area, Dubai Internet City, Jebel Ali Free Area and many more. Some of the attractive benefits for including in the UAE consist of the option of 100% foreign possession, comprehensive features, a variety of features (warehouses, workplaces, business parks) amongst other things. The UAE has made a strong, mixed effort to broaden their economic climate, gradually moving the dependancy on their oil supplies. They have obtained success in their travel and leisure market, stimulated by the magnificent and magnificent lifestyle pictures of Dubai. The other industry lobbying for development is the service market. Their main fascination - the no cost zones; these Free Areas are all covering company models providing available access to the technology and features a modern day company requires to be aggressive.
Some examples of the Free Zone Incorporation available are outlined below.
Jebel Ali Free Zone, the first free zone in the UAE, was established in 1985 to coincide with the Jebel Ali Port, the world's largest man-made harbour. It is strategically located between the two cargo transport hubs, the Jebel Ali Port, and the Jebel Ali Airport, both boasting large capacity for freight transfer. Since its humble beginnings the flagship free zone has matured to a fully-fledged micro-economy, boasting 6000 companies, 150 of which can be found in the Fortune Global 500.
The Dubai Airport Free Zone is another popular choice for international branch offices, or entrepreneurs. Still relatively new, it was built with the most cutting-edge technology and infrastructure, such as optical Fiber Optic networking. It also boasts access to a large number of consumers, most of which are highly affluent individuals; predictions forecast 60 million commuters through Dubai International Airport in 2010.
Both of these zones offer a wide variety of facilities; high-class offices, storage and warehouses with the potential to be adapted into an assembly factory. They also offer entrepreneurs assistance with their business models, finding potential business partners within the free zone, and are available for consultation.
Hamriyah Free Zone is located on the west coast of Sharjah. Because of its deepwater port and import/export-orientated infrastructure, a Hamriyah Free Zone entity is suitable for international trading activities. Low annual license fees make it particularly attractive to manufacturing companies. For small to medium enterprise, there is a specific 'Hamriyah SME Zone' consisting of seven strategic clusters to promote the development of SME's. Programs include the E-office package that provides SME's with individually tailored assistance to operate a Business in Dubai successfully.
Ras Al Khaimah Free Trade Zone (RAKFTZ) is a relatively young venture. In less than ten years it has developed into a world-class business hub providing facilities for industrial growth and state-of-the-art infrastructure. It is located 45 minutes from Dubai, the business hub of choice for many in the Middle East. There are four unique zones within the RAKFTZ, each catering to specific sectors, namely the Business Park, Industrial Park, Technology Park and Al Ghail park offering offices, warehouses and Land.
All of these zones offer tax exemption for entrepreneurs who wish to undertake Free Zone Incorporation.
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