To the prospective investor, advantages of Free Zones in UAE cannot be denied. The UAE presents an extremely favorable business environment. Excellent infrastructural facilities coupled with professional expertise and personalized services give the UAE the edge. Customer needs are met in the shortest time frame.
UAE has Double Taxation Avoidance Agreements (DTAA) with a number of countries.
Double taxation agreements prevent individuals and corporations from being susceptible to paying tax on the same item during the same time period. These agreements determine which of the two states concerned should levy tax in a particular situation: Austria, Belarus, Belgium, Canada, China, Czech Rep., Egypt, Finland, France, Germany, India, Indonesia, Italy, Lebanon, Malaysia, Malta, Morocco, New Zealand, Pakistan, Poland, Romania, Singapore, Sudan, Thailand, Tunisia, Turkey, Ukraine.
Thanks to geographical proximity and cultural similarities, advantages of Free Zones in UAE and Dubai are an attractive prposition for businesses from countries in the Gulf and the Middle East. These countries already have strong business links with the United Arab Emirates.
Confidentiality and financial privacy coupled with issues such as political uncertainty, weak currencies, taxes, severe foreign exchange controls and asset protection in Russia and CIS countries make UAE Free Zones a viable option for businesses from these regions who seek an onshore location.
Companies in this region have a favorable image of the UAE as a business centre. Add to that their interest in investing in the booming economies and financial markets of the GCC and it is not hard to see why advantages of Free Zones in UAE are a perfect recipe for these companies.