Freeports and free trade zones are used globally to incentivise inbound and domestic investment by providing businesses with tariff exemptions on inputs or warehousing for subsequently exported goods. Other tax levers include tariff deferrals on goods entering the domestic market and tariff inversion for processed goods, as well as supporting economic activity through financial incentives, regulatory flexibility and tax reductions.
They can also be “supercharged” by integrating them with enterprise zones locally so that business hubs are created and, in turn, more jobs are created. The sector-specific agglomeration opportunities offered by free zones are also a significant advantage.
We offer a truly integrated approach to free zones. We understand how they can make an impact on the local economy and, more importantly, we have been providing comprehensive legal advice on all aspects of the development of, and operations within, free zones for more than 20 years. Our unrivalled understanding, born from our track record in advising governments, ensures that we are the law firm of choice for companies incorporating, maintaining and liquidating entities established in many of the leading global free zones.
We have advised clients on the establishment of limited liability companies, enterprises and branches in all 46 of the United Arab Emirates’ free zones, as well as the China (Shanghai) Pilot Free Trade Zone. Our work encompasses free zone legislative and regulatory drafting, company formation within free zones, and wider regulatory and corporate experience.
In addition, our specialist teams can advise in relation to tax, planning, international trade compliance, state aid, anti-bribery and corruption, regulatory, compliance and infrastructure.