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Dubai Airport Freezone Seeks To Support More Spanish Firms

by Lorys Charalambous, Lowtax.net, Cyprus
11 August, 2016

Spanish companies will receive support in establishing operations at the Dubai Airport Freezone, following discussions between the Spanish Business Council and the Freezone Authority.

DAFZA offers a number of tax incentives to businesses, including 100 percent exemption from corporate tax and import and export tax, and allows 100 percent foreign ownership.

DAFZA said it hosts a group of leading Spanish companies involved in electronics, aviation and avionics and related services, engineering and construction materials, luxury goods, pharmaceuticals, medical equipment, cosmetics, perfumes, food and beverages, and consulting and business management.

José Eugenio Salarich, Ambassador of Spain to the United Arab Emirates, said: "Spain embraces many free zones, so we are confident that our meeting with DAFZA officials will open broad prospects for the development of a solid foundation for us to promote the exchange of experiences and the transfer of knowledge relevant to the management of free zones. We look forward as well to the forging of effective partnerships that will pave the way for even more Spanish companies to take advantage of the facilities provided by DAFZA, which is considered as an ideal investment environment for expanding within the promising regional market."

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