What is the main purpose of Free Zones in the UAE?

The main purpose of Free Zones in the UAE is to attract foreign investment. These zones are specifically designed to provide favorable regulatory environments for businesses, including tax exemptions, full foreign ownership, and customs duties benefits. This structure encourages international companies to establish a presence in the UAE, thereby stimulating economic growth and diversification.

Free Zones serve as economic hubs in various sectors, such as technology, finance, and logistics, promoting international trade and facilitating easy access to global markets. By offering incentives for foreign businesses, the UAE aims to increase its competitiveness and boost its economy, making it a vibrant center for commerce and innovation.