Free Zones Associated with Airports
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Abu Dhabi Airport Free Zone (ADAFZ)
Web Site: www.adafz.ae
The Abu Dhabi Airport Free Zone (ADAFZ) is being established by Abu Dhabi Airports Company (ADAC). Its creation marks a milestone in Abu Dhabi’s plans to establish itself as a dynamic business centre. The free zone will take advantage of Abu Dhabi International Airport's strategic geographical position on the crossroads between east and west, and the large-scale economic development of the Emirate.
ADAFZ owner, ADAC, was incorporated in March 2006 to spearhead a major redevelopment of the Emirate’s aviation infrastructure. ADAC’s creation was part of an ambitious restructuring initiative launched by the Government of Abu Dhabi, aimed at delivering better services to support the Emirate’s long-term economic and tourism strategies and to help build a more vibrant economy that attracts and promotes private sector investment.
The creation of Abu Dhabi Airport Free Zone (ADAFZ) is aligned with ADAC’s objective of financing its Airport development programme, generating non-aeronautical revenues, and minimizing Government grants.
Dubai Airport Free Zone (DAFZA)
Web Site: www.dafza.gov.ae
Dubai Airport Free Zone is located in Dubai- U.A.E. It was established in November 1996, and is located near the Dubai International Airport. The total size of the zone is 1,200,000 sq. meters.
The Dubai Airport Free Zone is organized to meet the requirements of companies establishing themselves at the airport. Dubai Airport Free Zone provide attractive business incentives including 100% foreign ownership, a corporate tax holiday for 15 years renewable for an additional 15 years, no personal income tax, freedom to repatriate both capital and profits, full exemption of import duties and no currency restrictions. Moreover, DAFZA has a gateway for a market of over 1.5 billion people.
DAFZA is wholly owned by the government of Dubai and is one of the fastest growing government projects in the country. The reason for success is simple.....everything is based on quality.
The commitment to pursuing the highest standards in every field resulted in DAFZA receiving the coveted ISO 9002 Certification for quality excellence. Although it has reached the pinnacle of recognition for emphasis on quality, it still continues to strive for ever better standards.
It offers 100% foreign ownership. The company formation period is 10-30 days.
Sharjah Airport International Free Zone (SAIF)
Web Site: www.saif-zone.com
Dedicated to quality and excellence, SAIF-Zone is the symbol of efficient operations- the better alternative for business ventures in the UAE and beyond. Easily accessible to seaports on the Indian Ocean (Port Khor Fakkan) and the Arabian Gulf (Port Khalid), SAIF-Zone is ideally located in the vicinity of Sharjah City, adjacent to Sharjah International Airport. With features as unique as these, it is little wonder that SAIF-Zone has registered phenomenal growth since its inception in 1995.
With the distinction of being the world's first ISO 9001 certified Airport Free Zone, SAIF-Zone has a highly developed infrastructure, providing state of the art services & with over 3200 companies operating out of it.