Want to launch a business in the UAE for the lowest cost possible? Look no further than the UAE’s free zones! These designated areas offer great benefits for entrepreneurs, but some are friendlier than others. Free zones in UAE offer a multitude of advantages, making them an ideal launchpad for businesses of all sizes.
Advantages of UAE Free Zones
- Full Ownership Freedom: Unlike the UAE mainland, free zones grant investors full ownership (100%) of businesses in UAE, eliminating the need for a local sponsor.
- Tax Exemptions: Free zones offer a highly attractive tax environment. Companies typically enjoy complete tax free, exemption from corporate and personal income taxes, maximizing profitability.
- Simplified Setup: Setting up a business in a free zone is a streamlined process. Often, minimal documentation is required, allowing for a faster launch.
- Trade Facilitation: Free zones offer exemption from import and export duties, along with flexible currency exchange regulations. This simplifies international trade activities.
- Government Support: The UAE government actively supports businesses within free zones. This includes excellent infrastructure, simplified licensing procedures, and ongoing assistance from free zone authorities.
Top 5 Affordable Free Zones in the UAE
- Sharjah Research Technology and Innovation Park (SRTIP): This zone focuses on research and innovation, with business licenses starting at AED 5,500. Perfect for businesses in professional, commercial, or industrial fields.
- Ajman Media City (AMC): This new zone is ideal for media and entertainment businesses. They offer a quick and cheap setup process, with licenses starting at AED 8,500. Plus, they have co-working spaces for small and medium businesses.
- Sharjah Media City Free Zone (SHAMS): Originally for media businesses, SHAMS is now a hub for startups and established companies alike. License starts at AED 5,750, and you can even have multiple activities under one license. Great for businesses wanting a virtual presence too.
- Ras Al Khaimah Free Zone (RAKEZ): This zone is close to an airport and seaport, making it a great choice for import/export businesses. SME packages start at AED 5,499, and they offer customizable warehousing solutions. They cater to a wide range of business activities.
- International Free Zone Authority (IFZA), Dubai: IFZA offers affordable company setup packages starting from AED 12,900. You can have up to three business activities under one license, in professional and commercial sectors.
How Raes Associates can help you choose the right free zone in UAE
Starting a business in Dubai can be easy, but choosing the right free zone for your business can be confusing. Raes Associates can help! Our business setup consultants are experts on Dubai free zones. They can:
- Find the cheapest free zone that fits your business needs.
- Explain the application process for your chosen zone.
- Guide you through every step of setting up your company.
With Raes Associates, you can save money and avoid any headaches while starting your business in Dubai.
