UAE tax authority issues corporate tax guide for free-zone persons
Abu Dhabi, UAE -- The Federal Tax Authority (FTA) has issued a guide outlining the application of Corporate Tax to Free Zone Persons in line with the Free Zone Corporate Tax regime, which enables Qualifying Free Zone Persons to benefit from a zero percent Corporate Tax rate on Qualifying Income.The...
SPC Free Zone to provide licenses within 45 minutes
SHARJAH, UAE - Sharjah Publishing City Free Zone (SPC Free Zone) has announced an expedited business setup process, allowing businesses to obtain their licenses within just 45 minutes across an extensive selection of 1,500 business activities to choose from.Aspiring business owners, especially those in the publishing, creative sectors, and allied...Aldar, Mubadala to develop new commercial assets on Al Maryah Island
Abu Dhabi, UAE - Aldar Properties and Mubadala Investment Company have signed an agreement to develop commercial assets in Al Maryah Island, Abu Dhabi, which will be located within the capital's international financial centre and free zone Abu Dhabi Global Market (ADGM).The joint venture once finalised will provide capacity for...Ras Al Khaimah to launch a free zone for virtual asset companies
RAK Digital Assets Oasis will be a purpose-built, innovation-enabling free zone for non-regulated activities in the virtual assets sector.Military, security sector free zone set up in Tawazun Park
Abu Dhabi, UAE---Tawazun Council, the defense and security acquisitions authority for the UAE armed forces and Abu Dhabi police, has established a free zone for military and security sector in Tawazun Industrial ParkThe 2.8-square-kilometer zone has been established to commence operations related to defense and security industries and associated activities,...Dubai Multi Commodities Centre launches DMCC Gaming Centre
Dubai, UAE---Dubai Multi Commodities Centre (DMCC), which is currently home to more than 50 gaming companies, has launched the DMCC Gaming Centre during the Dubai Esports Festival. The gaming companies in the DMCC range from game developers and producers to esports teams and tournament organizers. In a statement, DMCC said...UAE tax decree: Profits above $102,099 to be taxed at 9 percent
Abu Dhabi, UAE---The UAE has issued a decree on the Taxation of Corporations and Businesses, the Corporate Tax Law, under which businesses will become subject to UAE corporate tax from the beginning of their first financial year that starts on or after 1 June 2023. The UAE’s Corporate Tax regime will...Dubai Customs issues authorization certificates to free zone companies
Dubai Customs provides the services and facilities to licensed companies in the free zones of the Emirate to boost investments and attract more investors.Jafza records 19% trade growth
The company overcomes the global economic headwinds.Trakhees reports 22 percent H1 growth in commercial licensing business
Dubai’s Department of Planning and Development, Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, has completed about 16,000 transactions through its Licensing Department during the first half of 2022, registering a growth of 22 percent compared to the same period last year. The Licensing Department provides...IFZA, CBD ink banking deal
Opening corporate bank accounts to become easier for free zone firms.DMCC registers record 665 companies to its Free Zone in Dubai during Q1
Dubai Multi Commodities Centre, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, welcomed 665 companies to its Free Zone in Dubai during the first quarter of 2022. This represents DMCC’s best first quarter since its inception over twenty years ago, a 13 percent...UAE free zones set to gain from corporate tax relief
Around 40 free zones in the UAE are likely to attract more investors and FDI after they were declared exempt from the upcoming corporate tax regime, experts tell TRENDS.Dubai food trade grew 11 percent to $15.51 billion in 2021
Dubai Customs said Thursday the emirate’s external foodstuff trade in 2021 grew 11 percent to reach AED57 billion ($15.51 billion), compared to AED51.4 billion in 2020. According to the latest figures released by Dubai Customs, exports grew 11.3 percent to AED10.8 billion from AED9.7 billion in 2020, while re-exports went...Salalah Free Zone inks $3.9m deals
The projects will be set up in the Mazaya warehouses.Number of new companies in Ajman China Mall up 12 percent
Ajman China Mall has registered a growth of 12 percent in the number of registered companies in 2021 compared to 2020, according to Ajman Free Zone. Out of 1,000 enterprises operating in the mall, the retail sector topped the list followed by the fashion and textile sector. Enterprises operating within...DMCC to collaborate with C3 to initiate Impact Scale-Up program in Dubai
C3 is a UAE-based social enterprise empowering impact-driven entrepreneurs across the Middle East, Africa and Turkey.Iraq keen to benefit from Egypt: Central Bank Governor
Iraq is keen to benefit from the Egyptian Investment Authority, the Governor of Iraq’s Central Bank Mustafa Ghaleb said on Friday.Sharjah Publishing City Free Zone registers 2,000 new companies in 2021
A total of 2,000 new companies from 106 countries registered with the Sharjah Publishing City Free Zone (SPC Free Zone) in 2021. The Free Zone said in a statement that most of these companies were from the UK, India, Pakistan, the Philippines, and Lebanon. Stakeholders in the education and publishing...Iran, Syria to establish joint free zone, joint bank
Qasemi, who headed a high-ranking delegation to Syria, met with senior officials from Syria.Masdar City and ADRO facilitating Golden Visas for eligible persons
Masdar City Free Zone has been facilitating the processing and submission of Golden Visas for eligible persons and their families for a while now. In a statement, Masdar said the visas are being processed in collaboration with the Abu Dhabi Residents Office (ADRO), a division recently launched by the Abu...Jafza and Al Masraf to help SMEs simplify financial processes
DP World said the agreement with Al Masraf strengthens its commitment to facilitate business activities of more than 8700 clients operating under the free zone.DSOA program to aid techpreneurs and startups
DSOA — a wholly-owned government free zone — is expected to launch the program at GITEX Future Stars 2021.DMCC registers best nine-month performance
The DMCC welcomed around 1,800 companies to Dubai from Q1 to Q3 this year.Ajman Chamber reduces membership registration fee by 50 percent
DUBAI: A 50 percent reduction in the membership registration fees in the Ajman Chamber of Commerce and Industry for new establishments licensed in free zones has been announced by Ajman crown prince Sheikh Ammar bin Humaid Al Nuaimi. The fee will be reduced only if the registration request is submitted...EZDubai starts four projects
It already has 1.3 million sq ft developed and handed over.Oman: Sohar Port increases production capacity by 14%
Production capacity touched 545,000 tons in the port’s free zone, where 45 countries have investments.$500bn Saudi NEOM wants to be world’s most competitive free zone
The $500-billion mega city will have its own laws and regulations to govern itself.



























