Transcription of DIFFERENCE BETWEEN FREE ZONE & NON-FREE …
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DIFFERENCE BETWEEN FREE ZONE & NON-FREE …
BETWEEN FREE ZONE & NON-FREE ZONEKey DifferentiatersFree ZoneNon-Free ZoneForeign Ownership100% Foreign Ownership51% Local partner requiredIncome & Corporate Tax100% Tax Free100% Tax FreeBusiness HorizonFree to do business in Free zones , however need local agent in order to sell in local marketFree to do business within UAEC ustoms Duties100% duty exemption on all exports to Non-GCC countries, however normal customs duties will be appli-cable in case of selling in the local & GCC marketNormal Customs duty will be applicableCapital & Profit Repatriation100% Allowed100% AllowedHiring of ExpatriatesNo restrictionsLocal labor laws will applyTYPES OF LICENSES ISSUED BY RAKIAL icense Type Activities CoveredIndustrial LicenseImport of raw materials, manufacturing, processing, assembling, packaging, export of finished goods etc.,Trading LicenseImport, export, distribution, warehousing, trading (maximum of five similar product lines or three differ-ent product lines allowed).
www.fidfinvest.com DIFFERENCE BETWEEN FREE ZONE & NON-FREE ZONE Key Differentiaters Free Zone Non-Free Zone Foreign Ownership 100% Foreign Ownership 51% Local partner required
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