March 25, 2021
Trade free zones are one of the most interesting parts of economic development. Many countries create free trade zones on borders and important ports. These zones are created to encourage more investors in the county and the trade laws for these zones are much more relaxed than others. For the new investors who are not familiar with Dubai south business setup and trends, these free zones can prove to be a blessing in disguise. In addition to being the free zone where trade laws are much more relaxed to create an investor friendly environment there are many other facilities. Many well-known universities open up branches near the area, to invite the top professionals for speaking and lecturing.
Polices for Trade Free Zones
Sometimes, the big companies of the free zone go through the resume of the students and want to hire them before they have graduated. It is great way for the country to retain its talent and for the businesses to find the best available talent in the region. These free zones often have the backing of government administrative authorities. It means that the infrastructure of this zone is very well-developed.
New projects are build every year and there are many cases where the best roads and routes in the country are found inside the free trade zone. There are many logistics companies that have their headquarters and new branches in the Free zone. All of these facilities are there to support and help out the businesses to grow and develop as much as possible. Another great advantage of the free trade zone is that it gets a priority for the power grid in the region. Most of the time authorities build dedicated power supply plants to support these free zones and help them remain operational 24/7. This type of power supply support is a great way to increase and improve productivity.
One of fastest growing and highly sought after free zone is RAK. The RAK free zone company setup policies have been reeling in investors from all parts of the world to start doing business in that area. Not only foreign investors can take advantage of the free zone but the local businesses can also start to branch out in other countries with possibilities and growing opportunities that are offered by this place.