Do you want to make a fortune in the land of opportunity? Examine the top free zones in the UAE to find the best one for your business Setup in Dubai. UAE has become a hub for businesses looking to start in the last few decades. UAE’s tax system, incubator programs, and other benefits make it an excellent place to invest.
The best place to begin a business is in a free zone. The free zone will help you build a successful business and keep you on track as an entrepreneur. So, in this blog, we’re going to focus on the UAE’s eight finest free zones and everything you need to know about them. By comparing the different options, you’ll be able to choose the right one for your company. So, let’s get started.
Free Zones in the UAE Offer the Following Advantages
- 100% foreign ownership
- 100% repatriation of profits and capital
- 100% tax exemption for individuals, corporations, and businesses
- 100% free transfer of funds, and no foreign exchange controls
- Exemption from all import and export duties
- Low freight charges
- Abundant and inexpensive energy
- Inexpensive workforce, and easy recruitment procedures
- Efficient communication procedures and single-window administration
- Liberal government policies and legal framework
- The timely and streamlined immigration process
- Sponsorship and visas for an affordable skilled workforce
- Flexibility to operate 24/7
- Freehold offices available for sale or lease
- Ready-made offices, factories, and warehouses
- Easy start-up and licensing procedures
- Unique industry clustering and purpose-built infrastructure
- 3-year UAE residence visa
- No restrictions on hiring expatriates
List of Best Free Zones in the UAE
1. Jebel Ali Free Zone Authority
Dubai Ports (DP) World has designated JAFZA as its flagship free zone. It is an important part of the integrated business center of the DP World UAE area. JAFZA is one of the UAE’s oldest free zones, having been established in 1985. It is ideally located near Jebel Ali Sea Port, the world’s seventh-largest cargo port. Hence, it is the best free trade zone for imports and exports.
JAFZA has also set a standard for other free zones to follow throughout the years. This is due to its unique location and forward-thinking work methods. The jurisdiction has also received ISO certification, allowing for a greater variety of business modules.
JAFZA offers a variety of licenses, including trading, service, industrial, and even e-commerce permits. JAFZA is an attractive free zone for global businesses due to its popularity and development (MNCs).
2. Dubai Multi Commodities Center
DMCC has earned a reputation as one of the UAE’s most prominent free zones. It is often regarded as the world’s best free zone. DMCC has also played a significant role in the growth of Dubai’s trade and commerce, making it an attractive industry to enter and establish a business. The DMCC free zone welcomes nearly any type of business and provides a variety of office options.
A single DMCC license can accommodate up to six commercial activities from the same organization. The DMCC free zone’s license covers not just industrial, service, and general commerce, but it’s also one of only two free zones that allow crypto commodity trading.
Another attractive point to note about DMCC free zone is that it is one of the few free zones that allow entrepreneurs to obtain a dual license. Dual licensing enables businesses to extend their business to the mainland or onshore. In order to be eligible for a dual license, entrepreneurs will be required to obtain DMCC license and a mainland license.
3. International Free Zone Authority
In the United Arab Emirates, IFZA is one of the most sought-after free zones. This is because, despite its youth, the free zone quickly established a reputation as one of Dubai’s most cost-effective business locations.
The free zone is conveniently placed and provides a cost-effective setup process. As a result, it has emerged as one of the most promising free zones for business development and expansion. IFZA also offers a range of licenses to entrepreneurs. Among the licenses available are consulting, service, e-commerce, commercial, and trade licenses.
It is not necessary to have a physical office space to launch a business in IFZA. This makes it easier for entrepreneurs to start an online business since, unlike in other countries, they won’t need a physical location.
4. Sharjah Media City Free Zone (SHAMS)
Shams free zone, which was launched in 2017, is one of the few free zones in Sharjah offering a low upfront cost and a quick setup process. Since then, Shams has become the fastest-growing free zone in the UAE. Shams is the ideal free zone for branch firms looking to develop their business because of its simple establishment process and cost-effective pricing. They can also choose between forming an LLC and establishing a branch. Entrepreneurs can also register in the free zone without the requirement for attested documents.
Despite its name, Sharjah Media City is not limited to media-related activities, but also encompasses a variety of licenses, including service, industrial, freelancing, trade, and holding.
5. Ras Al-Khaimah Free Zones
When it comes to company establishment, RAKEZ is one of the most popular free zones. The free zone’s strategic position is one of the most prominent advantages of establishing a business there. The jurisdiction is close to a seaport and the Ras Al Khaimah (RAK) International Airport. RAKEZ can be used by virtually any organization, but it is particularly suitable for manufacturers. Due to the fact that it is among the few free zones in the UAE that offer industrial plots, it is very flexible.
Rakez is one of the emirates’ largest free zones, with a diverse selection of activities available such as commercial, media, and e-commerce, as well as educational.
6. Abu Dhabi Free Zone
The Abu Dhabi Business Center was established in March 2006 with the goal of influencing substantial changes in the Emirates Aviation sector. SkyCity, an Abu Dhabi Airports Company subsidiary, is in charge of constructing the Abu Dhabi Airport Free Zone (ADAFZ) which is a comprehensive business park near Abu Dhabi International Airport.
This free zone provides investors in the Aviation, Aviation services, Aerospace, Logistics, Cargo, and Freight sectors with regular benefits such as tax exemptions and 100% foreign ownership. Also, warehousing and logistic facilities, land plots, and offices can be set up as part of the infrastructure.
7. Fujairah Free zone
With the Creative City Free Zone, setting up an enterprise is easy and flexible. This Free Zone will provide the fastest and easiest way to start your business. It requires the least paperwork and can be set up remotely.
The company offers packages without a visa, but they also have one of the cheaper options for those who need to apply for a visa. There is no better free zone in the UAE to work with than this one. Fujairah Free Zone Company is perfect for freelancers and international consultants, such as business consultants, management consultants, and lifestyle consultants.
A Fujairah Free Zone is also an excellent place for internet entrepreneurs, developers, designers, the music and entertainment industry, e-commerce, event managers, writers, publishers, advertisers, online trainers, and many more activities. Fujairah Free Zone is not suitable for trading or manufacturing companies.
8. Ajman Free Zone
The Ajman Free Zone, located on the Arabian Gulf coast, was founded in 1988. Companies in the Ajman Free Zone have access to four seaports and two international airports, allowing them to thrive in the region. The Ajman Free Zone Authority is in charge of passing and enforcing all rules and regulations in the free zone (AFZA). There is no better place to start or expand your business than the Ajman-free zone.
Nevertheless, it is imperative to make certain decisions before starting a business, such as deciding the company name, the type of business, the license that needs to be obtained, drafting the necessary documents, and, most importantly, your business location in the free zone.
Need Help Determining the Best Free Zone For Your Business?
MMF is one of the best business setup companies in the UAE, and they can get your business registered in a week. MMF ensures that your company’s setup is as smooth as possible. Getting a free zone license and obtaining government approvals are all steps our professional advisors will walk you through.