Overview of Dubai Free Trade Zone
Introduction to Dubai Free Trade Zone
The Dubai Free Trade Zone is an important economic region in the Emirate of Dubai, providing comprehensive business solutions for the global business community. The Dubai Free Trade Zone not only attracts a large number of international enterprises to settle in, but also promotes the diversified development of the local economy.
Geographical location and transportation
The Dubai Free Trade Zone is located in the center of Dubai, adjacent to Dubai International Airport, with convenient transportation for the import and export of goods and international logistics. In addition, Dubai International Airport provides over 145 routes to 260 business destinations across six continents, further enhancing the international influence of the free trade zone.
favoured policy
The Dubai Free Trade Zone offers a range of preferential policies, including:
100% exemption from corporate tax and personal income tax
100% foreign-owned
Duty free
No currency control
Free business environment
24-hour customs clearance and fast cargo clearance services
A well-established logistics center
These policies have attracted a large number of enterprises to settle in, creating a high-end commercial atmosphere and a convenient business environment.
Historical background and current development status
The Dubai Free Trade Zone was established in 1979 and has become one of the most important trade hubs in the Middle East after years of development. The establishment and development of Dubai Port and Jebel Ali Port provide a solid foundation for the free trade zone. The Jebel Ali Free Zone (JAFZA) is the largest free zone in the Middle East, covering an area of 48 square kilometers and attracting a large number of international companies to settle in, contributing up to 25% to Dubai's GDP.
Famous enterprises
There are many well-known enterprises in the Jebel Ali Free Zone, including many Fortune 500 companies. These enterprises not only promote economic growth in the free zone, but also create a large number of job opportunities for the local area. In 2010, the total trade volume of the Jebel Ali Free Zone reached 220 billion dirhams (approximately 60.3 billion US dollars), demonstrating its strong economic strength.
In summary, the Dubai Free Trade Zone has become one of the most important economic hubs in the Middle East due to its advantageous geographical location, convenient transportation, rich preferential policies, and strong economic background, attracting a large number of international enterprises and investments.
