It is the fastest growing free zone in the Emirates with well-developed infrastructure, support services. It provides direct access to more than one million population markets. It also offers 0% rated import duties without currency restriction. It suites for all type of businesses and has a direct contribution to 4.7 percent of Dubai GDP.
It is formed by a minimum of two and maximum of five shareholders either companies or individuals. Capital requirement is based on the activities of the company.
It can be formed with one or more shareholders with minimum capital requirements.
It also allows existing companies to open a branch without any share capital requirements.
It was founded in 2002 as a free zone area for health and fitness infrastructure in the UAE. It encourages integrated and innovative medical research and educational institutes. It also promotes clinical, health and wellness services. Now, it has more than 200 hospitals, medical centers and research laboratories with 150 plus specializations.
