Following the implementation of VAT, there has been a lot of talk about free zones and designated zones. The Ministry of Finance has clarified certain details regarding these zones and has announced twenty designated zones in the country.
Business owners are often confused about the difference between free zones and designated zones. Wouldn’t it be much easier to have a single source of information about these zones?
We’ve put together an infographic to give you an overview of free zones and how they are likely to impact your business under the VAT regime.