The Role of Free Zones Under the UAE’s Updated Corporate Tax Policies
The United Arab Emirates (UAE) has long been a hub for worldwide commerce, due to its strategic location and favorable financial surroundings. A key element of these surroundings is the community of free zones, which provide precise incentives to draw overseas funding and sell financial diversification. With the introduction of a federal corporate tax regime in 2023, the UAE's tax panorama has advanced appreciably. This article explores the role of free zones under those updated rules, specializing in Dubai corporate tax free zones and the consequences for companies operating inside them. Introduction to UAE Corporate Tax The UAE's choice to…