Developed and built on a trading history, the UAE has always remained the center of the Gulf\u2019s economic ascendancy. Although significantly rich in oil deposits, volatility in the oil market has been the reason for several economic setbacks in past. In its bid to make the economy independent of its oil revenue, the UAE government took crucial steps to ensure its economy maintains a competitive edge in the future.<\/p>\n\n\n\n
During this era, UAE\u2019s economic diversification movement served a key role in making its economy future proof by introducing specialized business vehicles for investors. The idea was to set a global stage by developing geographically defined jurisdictions where business sectors could easily enter, grow and flourish.<\/p>\n\n\n\n
Free zones were designed to support one or more industry categories strictly administered and ruled by their own Authority which offered licenses based on its specialty sectors.<\/p>\n\n\n\n
List of Free Zones in the UAE<\/strong><\/p>\n\n\n\n In 1985 Jebel Ali free zone authority (JAFZA) was established and became UAE\u2019s first free zone. Since then, JAFZA has remained a landmark zone of the UAE and a thriving center to over 7,500 businesses, including 100 global conglomerates from the list of fortune 500 companies.<\/p>\n\n\n\n Currently, the UAE is home to some of World\u2019s finest free zone sites, totaling 46 operational zones with over 10 under construction. Within the 46, Dubai accommodates the largest number 27 while 7 are located in Abu Dhabi, 4 in Ras Al Khaimah, 4 in Sharjah, 2 in Fujairah, and one each in Umm Al Quwain and Ajman. In wake of the tax reforms this year, 23 zones have been declared designated zones, exempting them from the 5% VAT.<\/p>\n\n\n\n Here is a detailed list of Free Zones in the UAE<\/p>\n\n\n\n Dubai<\/strong><\/p>\n\n\n\n Abu Dhabi<\/strong><\/p>\n\n\n\n Sharjah<\/strong><\/p>\n\n\n\n Ajman<\/strong><\/p>\n\n\n\n Ras Al Khaimah<\/strong><\/p>\n\n\n\n Fujairah<\/strong><\/p>\n\n\n\n Umm Al Quwain<\/strong><\/p>\n\n\n\n Developed and built on a trading history, the UAE has always remained the center of the Gulf\u2019s economic ascendancy. Although significantly rich in oil deposits, volatility in the oil market has been the reason for several economic setbacks in past. In its bid to make the economy independent of its oil revenue, the UAE government took crucial steps to ensure its economy maintains a competitive edge in the future. During this era, UAE\u2019s economic diversification movement served a key role in making its economy future proof by introducing specialized business vehicles for investors. The idea was to set a global […]<\/p>\n