A freezone is Special Economic Zone (SEZ) or area. The idea of free zones in the UAE is to attract foreign companies to establish their presence in UAE leveraging on benefits such as 100 % foreign ownership and conduct B2B trade which is import, export and re-export.
Currently, there are more than 40 Free zones operating in UAE Some for the well-known free zones in UAE are IFZA, JAFZA, DWC, DMCC, DAFZA, DWTC, Dubai Silicon Oasis Free Zone, KIZAD, SAIF, AJMAN Free zone, RAKEZ, Umm Al Quwain Free zone, SHAMS