One of the main attractions of the free zone is the tax benefits available to companies. They benefit from total exemption from corporation tax (IS) for the first five years of operation. From the sixth year onwards, a reduced rate of 20 % applies, offering a competitive tax rate by international standards.<\/p>\n
Dividends paid to non-residents are fully tax-exempt. For residents, a withholding tax of 10 % is applicable. In addition, companies are exempt from business tax for 15 years, a measure that considerably reduces their fixed costs.<\/p>\n<\/div><\/div><\/div>