The World Free Zone Expo (WFZE) Pavilion, the first-of-its-kind special event to be held in Abu Dhabi, will bring together free zones under one roof to engage onshore and offshore businesses and company start-ups to promote future strategic alliances and collaborations and highlight promising investment possibilities. The Expo is component of a sequence of interactive networking activities to be held in association with the 11th edition of' International,' which will take place from 30 October 2019 to 1 November 2019 at the Abu Dhabi National Exhibition Centre.

Free zones give many advantages and exemptions to companies and businesses that choose to work out of them. For example, the advantages of setting up a business in a free area in the UAE include 100% import and export tax exemptions; 100% repatriation of assets and profits; exemption from corporate tax, private revenue tax; comparatively simple start-up and licensing processes; and minimum documentation, among many others.

Currently, the UAE is home to more than 45 free zones, spread across the seven emirates. Several variables assist to increase the demand and popularity of free zones over the short to medium term between current and new market entrants, which can be attributed to the easing of legislation, foreign direct investment (FDI) projects, the freezing of public charges, economic stimulus packages such as' Ghadan 21,' the implementation of dual-licensing systems in free zones and main support schemes for start-ups.

IREIS study shows that investment in Free Areas of the UAE is expected to increase by 15 percent by the end of 2020 as a result of important events and activities such as EXPO 2020 in the nation. With this expected development in mind, the first "World Free Zone Expo" will become an efficient platform to offer numerous benefits and possibilities not only for the UAE but also from all over the world.

Building on the achievements of the past editions, IREIS 2019which is organized by the' Dome Exhibitions'will present a broad range of property innovations together with countless interesting alternatives for investment and consultations and funding possibilities offered by national and global property investors, brokers and Middle-East, Europe and Asia-Pacific developers. IREIS, the specialized immobilization event in Abu Dhabi, focuses not only on business tourists, but also on investors and customers, providing customers worldwide with the perfect investment choices and insights into present industry trends. The Abu Dhabi Chamber of Commerce and Industry and the Department of Urban Planning and Municipalities are among the key supporters of IREIS 2019.

"The role of the free areas of the UAE is massive in attracting foreign investment and boosting the domestic economy," said Antoine Georges, Managing Director, Dome Exhibitions. To this end, some Emirate businesses have implemented tailored permits and other incentives for businesses in these zones. One of the most striking examples is the Abu Dhabi dual license which provides Free Zone businesses with access to onshore project tenders without any extra onshore office or location. It also enables partners to freely conduct business with the government agencies in Abu Dhabi. It also allows free zone companies to grow without a local partner outside their free zones.

"Free areas certainly strengthen trade by attracting significant investment in the establishment of world-class installations, thereby contributing to an economic growth in a country. In addition, despite changes in the market circumstances and irrespective of global and external company circumstances, they show powerful efficiency and possibly become major catalysts for global companies. Against this background, the 'World Free Zone Expo' the first of its kind, which will take place in Abu Dhabi is the perfect place for free areas to participate in joint explorations of future strategic collaboration and collaboration with onshore and offshore businesses.

In addition to "The World FreeZone Expo," IREIS 2019 will also host the "International Residency and Citizenship Expo 2019" and the "Start-up Pavilion" and the ' Innovation Hub Awards 2019 ' as well as the leading interactive networking activities.

Leading worldwide specialists, distinguished academics, professionals from sector, public bodies and formal organizations meet to discuss present investment trends and future possibilities before an audience of highly-different people in the International Investment Conference 2019. In addition, the Forum will concentrate on attracting FDI through projects aimed at delivering concrete results and increasing influx of investment.

A new and fresh segment on the subject of Pavilion aims to bring emerging entrepreneurs together with private and public institutions to collaborate and succeed, all in one location. Start-ups can present their projects, meet investors, engage public organisations, participate in expertise meetings, receive one-on - one mentoring, network with company professionals, participate in pitch competitions and engage with prospective clients in partnership.

The ' International Residence and Citizenship Expo ' will also be one of the main highlights of IREIS 2019, providing IREIS visitors with a low level of dual citizenship and visa travel options for significant nations all over the world.

With the theme ' Innovation Hub Awards 2019 ' students and experts will be targeted to highlight innovative thoughts across four categories-environment, viable future, automation and investments.

More than 70 exhibitors from over 20 nations will present in the recent IREIS version and the edition will feature 300 projects before an expected 5000 strong audience comprising local, regional and global visitors. By providing a snapshot of the global immobile industry in general, the event will help clients in their investment plans and enable them to explore regional and global fresh and emerging possibilities.