Thursday, 10 March 2016

Comparison & Benefits b/w Free Zones and LLC Visa

 In this Article we Discus the Comparison and Benefits Between Free Zones and LLC Visa with the list of all Free Zones of UAE.  
Watch our Video : Sand Storms in UAE

What is Free zone?
Free zone in Unite Arab Emirates is a free economic zone or sometimes called duty free, free trade or tax free zone and it allowed owners to keep the ownership of the companies with themselves without any UAE citizens as a partner. 

What is LLC?
LLC stand for “Limited Liability Company” is a separate legal entity and every LLC company requires a UAE National as a partner.

How to check either your Visa is Free Zone or LLC?

1.     Free zone Visa:
Every Company working with UAE free zones have their specific visas including below words after their company names.
For Example: ABC TRADING – AL AWIR FREE ZONE
Attachment Uploaded for Confirmation.



2.     LLC Visa:

Visas for all employees who are working under Limited Liability Company “LLC” should be same as given below


How many free zones are there in U.A.E?

There are more than 35 free zones in all emirates of UAE but Dubai is the leader in numbers of Free zones.

Below is the List of Free Zones in all Emirates of UAE.

Ø  Dubai Free zones:
Dubai Airport Free Zone Authority (DAFZA)
Dubai Auto Zone
Dubai Cars and Automotive Zone (DUCAMZ)
Dubai Bio Technology and Research Park (Du-Biotech)
Dubai Gold and Diamond Park (DGDP)
Dubai Flower Center (DFC)
Dubai Internet City (DIC)
Dubai International Financial Center (DIFC)
Dubai Health Care City (DHCC)
Dubai Logistic City (DLC)
Dubai Knowledge Village (DKV)
Dubai Media City (DMC)
Dubai Maritime City
Techno Park
International Media Production Zone (IMPZ)
ENPARK
Dubai Studio City (DSC)
Dubai Outsource Zone ( DOZ)
Dubai Multi Commodity Center (DMCC)
Dubai Silicon Oasis (DSO)
Jebel Ali Free Zone Authority (JAFZA)

Ø  Abu Dhabi Free Zones:
Abu Dhabi Airport Free Zone (ADAFZ)
Abu Dhabi Ports Company (ADPC)
Khalifa Industrial Zone Abu Dhabi (KIZAD)
ZonesCorp
Twofour54
Masdar City

Ø  Sharjah Free Zones:
Sharjah Airport International Free Zone (SAIFZ)
Hamriya Free Zone

Ø  Ras al Khaimah Free Zones:
RAK Free Trade Zone (RAKFTZ)
RAK Investment Authority (RAKIA)
RAK Media City (RAKMC)
RAK Maritime City (RAKMC)

Ø  Ajman Free Zones:
Ajman Free Zone (AFZ)

Ø  Fujairah Free Zones:
Fujairah Free Zone
Creative Free Zone (This free zone is located in Dubai Area)

Note: Free Zones Recorded in this list may increase considering the pace at which the country is developing.

Ban for Free Zone Employees?
We will suggest all of UAE Expats to try their best to get Free Zones Visa and the main reason is that you won’t have to worry about your Labour Contract is case of Transferring Visa or changing a job.
There will be no Ban while working with free zone companies even if you switch jobs shortly.
But it will be a plus point and white point for your career if you completed a Contract before transferring to another Company.

Ban for LLC Employees?
Yes One year ban is compulsory if a worker resigns before completing a limited period contract with any LLC “Limited Liability Company” in any Emirates of UAE.

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2 comments:

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