A free zone in Dubai refers to a designated area within the city where businesses can operate with certain privileges and incentives. These zones are designed to attract foreign investment and promote economic growth by providing a business-friendly environment with relaxed regulations, tax benefits, and 100% foreign ownership.
By establishing a presence in a Dubai free zone, companies can take advantage of the city’s strategic location, well-developed infrastructure, and access to a global market. It has been a successful model in attracting foreign investment and fostering entrepreneurship, contributing significantly to Dubai’s economic diversification and growth.