Impact of VAT on UAE Free Zone Companies. : Free Zones (also known as free trade zones) are designed for boosting international business through providing 100% ownership to expatriates and single window administration convenience. In UAE, Free Zones are either attached to ports or industry specific.
Definition of Designated Zone [DZ] – A Free Zone specified by decisions of the cabinet shall be treated as being outside the state (including implementing state), subject to following conditions. (But not all free zones will be considered as ‘Designated Zone’ unless specified in the cabinet decision)
A Free Zone company needs to get the VAT registration as the place of residence will be considered in the state for the purpose of VAT decree – law
Call as : 04 4518600
Recent Comments