Free Trade Zones were developed in UAE for facilitating investors and businessmen for establishing a business. These free trade zones have no tariffs and taxes and the companies have freedom in importing and exporting products for low rates. Free trade zones in UAE help investors across the globe for making investments for new companies. Free Trade Zones helps in development boosting the economy of the country.
Free zones in UAE are located either near Airport or Seaport for making it easy for companies. Tax exemption and reduced custom duties makes the smooth flow of raw materials and goods through these free zones easy. Security of companies and insurance related benefits are also part of such free zones which companies can utilize.
UAE is a booming economy compared to other countries within this region and these make excellent opportunities for MBA professionals. Modernization of existing facilities is done by various government organizations for improving the business infrastructure. the major Freezone in Dubai in UAE include Dubai Internet City, Dubai Airport Free Zone and Jebel Ali Free Zone.