While onshore companies have several restrictions on foreign ownership, Free Zones have no such restrictions and offer several advantages. Companies here can have 100% Foreign ownership, need not pay taxes, and enjoy several privileges at the customs. All these factors have made the free zones, the most popular and suitable location in the Middle East to have international operations, which includes offices, factories and warehouses.
Dubai alone has 22 Free zones some of which are aimed at specific industry sectors such as Trading, Media, Hospitality, Healthcare, Floriculture, Education, Technology, Bio-technology, Jewelry, etc. However, please note, Free Zone companies cannot undertake trade within the UAE market and must work with local distributors.