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Advantages of enterprises in the UAE Free Trade Zone

Released Date: Dec 24,2020 Article Source: HUANZE

China is now the second largest trading partner of Arab countries, and has signed bilateral inter-governmental agreements on economic, trade and technical cooperation with all Arab countries. According to Dubai Customs,2014The bilateral trade volume between China and Di has increased this year29%reach480With $100 million, China has become the largest trading partner of Dubai. More and more Chinese are doing business in Dubai. The number of Chinese enterprises in Dubai is also increasing rapidly, according to official data2015Years old3000A number of Chinese companies have registered in Dubai, and some of them, such as China Construction, China Railway, petrochina, Sinopec and Four Banks, have taken root in Dubai.2016In the year ofG20The number of Chinese enterprises registered with the Dubai Industry and Commerce Bureau in the UAE alone reached the sub-conference3000Home, among which60%For small and medium-sized enterprises. What are the advantages of UAE free Trade zone enterprises?

China is now the second largest trading partner of Arab countries, and has signed bilateral inter-governmental agreements on economic, trade and technical cooperation with all Arab countries. According to Dubai Customs,2014The bilateral trade volume between China and Di has increased this year29%reach480With $100 million, China has become the largest trading partner of Dubai. More and more Chinese are doing business in Dubai. The number of Chinese enterprises in Dubai is also increasing rapidly, according to official data2015Years old3000A number of Chinese companies have registered in Dubai, and some of them, such as China Construction, China Railway, petrochina, Sinopec and Four Banks, have taken root in Dubai.2016In the year ofG20The number of Chinese enterprises registered with the Dubai Industry and Commerce Bureau in the UAE alone reached the sub-conference3000Home, among which60%For small and medium-sized enterprises. What are the advantages of UAE free Trade zone enterprises?

1) Business information shall be kept confidential, and the identity of shareholders and directors shall be hidden;

2) One person can be a shareholder and a director of the company at the same time, has no nationality restriction, can apply for a work visa, has entry and exit record, but does not accept immigration;

3) Enterprises in the Free zone50No income tax is paid every year;

4Machinery, equipment, spare parts and essential goods produced by enterprises in the free zone shall be exempted from customs duties;

5) Export tax exemption for enterprises in the free zone;

6There is no foreign exchange control, and currencies are freely convertible;

7) Staff within the free zone are exempt from personal income tax;

8) With excellent geographical location, various exhibitions are held in the Free Trade Zone all year round, which can spread to the Middle East and surrounding countries20Billions of consumer market, Dubai World Expo, further stimulate Dubai to become the world's international financial center strong springboard. Meanwhile, the UAE's political stability, preferential tax and foreign exchange policies, and special emphasis on the study and control of financial risks can better help Chinese enterprises to take root and sprout in the UAE.

Advantages of enterprises in the UAE Free Trade Zone

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