As well as its strong position within the oil and gas industry, the UAE offers significant industry potential in a range of diversified industries.
The Dubai Industrial City aims to attract and foster the growth of manufacturing companies in UAE. This is done through the promotions of sectors such as machinery and mechanical equipment, transport equipment and parts, base metal, chemicals, food and beverages, and mineral products. The Industrial City offers a cost effective and efficient business location for light to medium manufacturing and logistics companies in UAE.
More than 150 companies are located in the Dubai Industrial City, taking advantage of the favourable business environment. There is easy access to industrial land for self-build and pre-built warehouses both for logistics and light industrial use, retail showrooms, office space, open storage yards, commercial land plus onsite assistance with construction, and facility start up and operations.
The city covers 560 million square feet of prime land near Dubai World Central. Nearby transport links include the new Jebel Ali Airport City, the Jebel Ali Free Zone Port, and trans-Emirates highways such as the Sheikh Zayed Road and Emirates Road. This provides easy and convenient access to global transportation points via road, air and sea.
Dubai ranks after Hong Kong and Singapore as the 3rd largest re-export hub in the world. Among the world’s busiest UAE Air and Maritime hubs, in 2009 it processed nearly 3 million tons of airfreight and 12 million TEUs in sea container freight, as well as nearly 50 million passengers. A plane lands or takes off every two minutes in Dubai.
Locating a logistics hub at the Dubai Industrial City could offer your business the strategic advantage of being based midway between Europe and Asia, with London just 7 hours to the west, the Mediterranean 5 hours to the west, and Hong Kong and Singapore 7-8 hours to the east.
Manufacturing accounts for a large share of the UAE economy, with statistics showing that it is nearly 23% of the country’s non-oil GDP. Some of the leading companies in the Middle East have chosen the Dubai Industrial City for the location of their headquarters. These include IKEA, AL Futtaim Logistics, Nissan-Arabian Automobiles, BASF Kanoo, United Metal, Terrazzo, and Transworld.
The key benefits of Dubai Industrial City offshore company formation include:
• Tariff-free access to the GCC and MENA markets.
• Industrial operators adding 40% value locally enjoy benefits of USEs FTAs, a preferential treatment that is not extended to companies in free zones.
• Duty Exemption on imports on machinery, equipment and raw materials.
• Tax exemption and free capital movement.
• No taxes on personal and corporate income
• Full repatriation of capital as per federal law
• No corporate tax
• No income tax
• No financial statement or tax returns needed.