The IMPZ initiative is designed to bring a wide range of benefits to the industry.
• 100% foreign ownership, means that no local sponsors are required.
• Guaranteed 50-year tax exemption from personal, income and corporate taxes.
• Customs duty as per the rules and regulations.
• 100% repatriation of capital and profits.
• Flexible labour laws ensure that industry needs for part-time and temporary requirements are met.
• Single window service provides 24-hour visas and fast-track immigration process for knowledge workers, guaranteeing quick access to skilled employees.
• World-class technical infrastructure includes high bandwidth, low-cost telecom infrastructure and secure, high-speed support infrastructure.
• State-of-the-art urban infrastructure means cost competitive, flexible office space and world-class housing, medical and education facilities.
• Access to a talent pool of highly skilled, low-cost knowledge workers.
• Straightforward laws and regulations include fast and easy company registration laws, hassle-free immigration processes and straightforward legal procedures.
• Gateways to markets include access to regional markets in the Middle East, North Africa, Indian subcontinent and CIS countries.
• Supportive environment with Government-backed business initiatives, business incubators and training programs.
The innovative concept of creating a cluster of similar businesses in physical proximity is not a new one to Dubai, and its strategic advantages have been proven to pay off.
Co-existing at a single location will enable print companies to coordinate production activities efficiently with feeder companies like machinery and equipment providers
and suppliers of raw materials and spares. For small and medium-sized businesses, the time and costs involved in sourcing requirements will be considerably reduced, as
they can avail of several shared services. Read more on the article...
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