Demand for’ physical’ services rises sprucely at UAE free zones as duty rules come clear.
Dubai Free zones in the UAE are buttressing their status as the go- to places for new businesses – both domestic and those coming by from overseas – with further clarity available on commercial duty impulses ‘designated’ zones can give to tenants. The UAE’s duty authorities have made it clear that businesses grounded in qualifying free zones get to have 0 per cent duty rate, handed certain crucial conditions are met.
Advertisements by Indeed else, free zones have been drawing heavy interest in the time- to- date, especially with new businesses to the UAE seeking office space. In fact, demand for marketable space in free zones was the first to carry a strong recovery, while those grounded in the landmass has been playing catch up in recent weeks. It’s the same whether it’s demand for space at Jebel Ali Free Zone (presently witnessing another round of expansion), DWTC, the DMCC mecca, Kezad in Abu Dhabi, or DIFC.
At the launch of the time, there had been some enterprise that new/ living businesses would take a delay- and- see approach on whether they should conclude for a free zone base or conclude for the landmass license. This had to do with the preface of the UAE’s commercial duty, and business possessors want to know what kind of advantages a free zone presence would give them. More specifically, what would exempt them from the 0 per cent duty rate.