The UAE has more than 35 free zones that offer many benefits to growing businesses, said Ramy Jallad, CEO of Ras Al Khaimah Economic Zone. Jallad spoke at the Global Investment Forum in Dubai, sponsored by The Jerusalem Post and the Khaleej Times. “Here in the United Arab Emirates, we are experts in free zones. We have been doing them for a very long time. A free trade zone is a geographic area within the country that has its own regulations and regulations so that international companies or foreign investors from all over the world can come to trade, whether within the Emirates. Arab Emirates or to export to the rest of the world, “Jallad said.” Many international companies around the world use us as a bridge to trade, including technology companies, manufacturing, agriculture and pharmaceuticals. People come to free zones because transparency allows them to trade as if they were outside the country. You get 100% ownership, which is different from the mainland, you get repatriation of all profits, and you have no corporate tax or income tax. Whether you are starting out as an SME (small or medium business) or entering as a large manufacturer, you benefit from a variety of services, all located in one area and the services provided should allow investors to focus only on their core business. Jallad noted that each of the seven emirates has at least one free trade zone, and many have different specialties like technology or manufacturing. How Can Israeli Businesses Get Involved? “We have opened our doors to different types of businesses, such as SMEs, high-tech companies and agribusiness companies,” Jallad said. “We’re already in the pharmaceutical space with a few Israeli companies, and we have people on the ground in Israel talking to these big companies. We find that a lot of Israeli companies want a lot of twinning in the country, with supply chain companies or agents or distributors, and they just don’t want to move all at the same time. So we do a lot of matchmaking and establish their affiliates here so that they can start to trade and understand the market. This is where the plug and play aspect comes in; when someone else is concentrating on administrative work. “We focus not only on the business or the company, but on the supply chain,” Jallad concluded. “We provide perfect ecosystems for investors so they can transact. “

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