Transcription of DIFFERENCE BETWEEN FREE ZONE & NON-FREE ZONE Key ...
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DIFFERENCE BETWEEN FREE ZONE & NON-FREE ZONE Key ...
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.
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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