Zones of a relative freedom: how a UAE freezone looks like in practice and how to choose the best destination for your business

UAE attracts businesses, and one of the key elements of this are the so-called freezones, where investors and their companies can be provided with special advantages. Pravo.ru asked the experts which zones are currently operational, how they are regulated and differentiated, what advantages they may provide.

Roman Shumsky, Associate at White Square, participated in the research and mentioned that choosing a certain freezone could, apart from other key criteria, be important for opening of a corporate bank account. Roman underlines that banks “trust” only the limited number of freezones, whereas others (e.g., the newly established ones or located in the northern Emirates) may complicate opening of a bank account to a company incorporated there.

For more details refer to Pravo.ru article.

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