FREE ZONE SECURITY IN UAEBY:WWW.WRITINGESSAYZ.COM

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INTRODUCTION

There are number of free zones in the UAE, each have different rules. A number of free trade zones permit 100 per cent foreign ownership and a no taxes system.

UAE free zone aids foreign investors and businessmen in experiencing the business freedom in UAE.

100 per cent ownership is given to foreign investors on branches, shareholders entities are taken as Free Zone Enterprises, Free Zone Companies, or Free Zone Limited Liability Companies.

INTRODUCTION

In free zone licensed entities find out the procedural requirements and accessible types of security interests. Free zones are fundamentally distinctive areas which are administered by the individual emirates and country specific exceptions.

Free Zone enterprises are allowed to import merchandises from foreign countries are exclusive of customs duties.

UAE have several free zones like: Dubai Media City for media concerned business market, Dubai Internet City for the information technology related market and Knowledge village for academic and career market

DISCUSSION

Customs

Immigration

Police

CUSTOMS Customs duties are not

applicable on goods imported into a UAE free zone.

There are certain merchandises which are prohibited to import in free zone for example: flammable goods, ammunitions and explosives except permitted by the free zone authority, radioactive material, goods which violate copyright regulations, narcotics and products from boycotted country

IMMIGRATION

To work over the long term in the UAE, both an Employment Visa and Residence Permit are required.

Visitors from about 33 countries can get visit visas at an airport in the UAE for no cost.

Business visitors can take tour with a business licence

POLICE Free zones are not dependent on

any federal law except criminal law and in addition, exempted from the Agencies, Companies, Government Tenders, and Industry Laws.

When the Free Zone was created, due to rapid development in Dubai and surrounding areas it was necessary to upgrade the police stations to respond to the security requirements of this important part of the Emirate

RULES OF FREE ZONES IN DUBAI AND OTHER EMIRATES

A number of benefits and a degree of flexibility are offered by the free zone rules

A free zone enterprise is usually of three types: a branch of foreign company, a free zone company and a free zone establishment

Free Zone Company needs to have 100 percent limited liability, but for opening branch there is no such requirement.

SECURITY ISSUES IN FREE ZONE

Unfortunately, this evolution has brought certain risks and threats with it, such as Dubai's economy is now highly reliant on free zones, tourism and other economic activities that are dependent on the confidence of the international community.

Therefore, if uncertain calamities happen in UAE, foreign investment would drop, tourism would end, and the whole developmental model would ruin

CONCLUSION Free Zone seeks to provide economical

encouragement and exclusive chanceto start a business in a tax free environment, full company ownership, exemptions from all commercial duties and repatriation of capital and profits.

UAE aims to promote the Emirates as a prominent global market and concentrates on draw the attention of organizations to make space in the free zone of UAE.

The UAE Free Zones have got the strong support of the country’s economic performance attracting a lot of investments from abroad, helping generate a number of employments and transferring necessary technology into the country