Cost-Effective Freezone Business Setups In the UAE
The Free Zones in the UAE has gained massive acceptance among investors. They offer complete infrastructure and business support to the investors. Currently, there are more than 40 Free Zones in the UAE and they are categorised based on business activities each one of them is committed to. That is, an IT company is recommended to be registered in any free zone that is built only for IT sector companies.
Why are Free zones Becoming a Popular Option Among Investors?
The Free Zones in the UAE offer an array of benefits to investors coming from everywhere. Some of them are 100% ownership of the business entity, profit repatriation, tax-free environment, secure banking system, world-class infrastructure, fast and easy business setup, etc. These factors have made Free zones the most preferred business structure for business activities in the UAE.
Which are the Most Cost-Effective Free zones in UAE?
1. Ras Al Khaimah Economic Freezone (RAKEZ)
Ras Al Khaimah Economic Zone (RAKEZ) is another cost-effective business hub in the UAE that offers customisable options for investors to establish their company. Investors get reasonably priced business set-up plans, modern facilities, and world-class services. You also get the advanced infrastructure and hi-tech facilities to boost industrial development.
RAKEZ boasts of a business park, 3 industrial parks, and an academic zone. The process of business setup in Dubai Freezone is fast and easy and the environment is also investor-friendly. More than 14000 companies from more than 100 countries are registered in RAKEZ. To meet the growing demand among the investors, it has built 5 free zone parks that are tailor-made too.
2. Umm Al Quwain Free Trade Zone (UAQ FTZ)
The Umm Al Quwain Free Trade Zone (UAQ FTZ) is one of the top choices for SMEs, start-ups, and many businesses for establishing their offices. It is close to Dubai and has easy access to international ports. Its state-of-the-art infrastructure makes it amongst the most favourite locations for investors.
Established in 2014, the UAQ FTZ has been operating as an autonomous Free zone right from its inception. An increasing number of investors are rapidly opting for Umm al Quwain Free Trade Zone for its low-cost business setup and low operating costs.3. International Free Zone Authority (IFZA)
Company formation and incorporation are faster and easier at IFZA. You are permitted to conduct a comprehensive range of business activities that include - Consultancy, Services, Trading, etc. You also get 100% foreign ownership. There is no restriction of foreign currency and you also avail 100% exemption from corporate and income tax and more.
4. Ajman Media City Freezone
Ajman Media City is amongst the most cost-effective Free Zone in the UAE. Investors can engage in a wide range of business activities, and also avail various business license types at the lowest cost.
An array of different types of offices with world-class infrastructure are available here - Flexi-desk, serviced, shared, customised, etc. Investors can obtain any type of licence at Ajman Media City, as per their business type.
Considered as a prestigious hub for media and entertainment companies' office spaces, it offers a cost-effective option to those looking for a profitable business establishment.
The above four trade zones are the most cost-effective ones when you compare UAE with other countries. You will find it to be the perfect and also the most reasonably priced place to establish your business and gain global acknowledgment easily.