The United Arab Emirates (UAE) is a business hub and a popular destination for entrepreneurs to establish their businesses. The country offers several free zones, which provide an attractive proposition for businesses looking for a cost-effective way to establish their operations in the region. These free zones offer various benefits such as tax exemptions, 100% foreign ownership, and streamlined business setup procedures. In this blog post, we will discuss some of the cost-effective free zones in the UAE that are ideal for establishing a business.
- Ras Al Khaimah Economic Zone (RAKEZ)
Ras Al Khaimah Economic Zone (RAKEZ) is located in the emirate of Ras Al Khaimah and is one of the most cost-effective free zones in the UAE. It offers a variety of business licenses, including commercial, industrial, and service licenses. RAKEZ also provides a wide range of facilities, including warehouses, offices, and land plots, at competitive prices. Moreover, RAKEZ offers 100% foreign ownership and no corporate or income taxes.
- Dubai South Free Zone
Dubai South Free Zone is located in the emirate of Dubai and is one of the most strategically located free zones in the UAE. It is situated near the Al Maktoum International Airport and the Expo 2020 site. Dubai South Free Zone offers a range of licenses, including trading, service, and industrial licenses. The free zone also provides a range of facilities, including office spaces, warehouses, and land plots, at competitive prices. Dubai South Free Zone also offers 100% foreign ownership, no corporate or income taxes, and a fast-track business setup process.
- Ajman Free Zone
Ajman Free Zone is located in the emirate of Ajman and is one of the most cost-effective free zones in the UAE. It offers a range of licenses, including commercial, industrial, and service licenses. Ajman Free Zone also provides a range of facilities, including offices, warehouses, and land plots, at competitive prices. The free zone also offers 100% foreign ownership, no corporate or income taxes, and a fast-track business setup process.
- Sharjah Media City Free Zone (SHAMS)
Sharjah Media City Free Zone (SHAMS) is located in the emirate of Sharjah and is one of the most cost-effective free zones in the UAE for media and creative businesses. It offers a range of licenses, including service and trading licenses. SHAMS provides a range of facilities, including offices, soundstages, and editing suites, at competitive prices. Moreover, SHAMS offers 100% foreign ownership, no corporate or income taxes, and a fast-track business setup process.
- Fujairah Creative City Free Zone
Fujairah Creative City Free Zone is located in the emirate of Fujairah and is one of the most cost-effective free zones in the UAE for media and creative businesses. It offers a range of licenses, including service and trading licenses. The free zone provides a range of facilities, including offices, studios, and warehouses, at competitive prices. Fujairah Creative City Free Zone also offers 100% foreign ownership, no corporate or income taxes, and a fast-track business setup process.
In conclusion, the UAE offers several cost-effective free zones for entrepreneurs to establish their businesses. These free zones offer various benefits, including tax exemptions, 100% foreign ownership, and streamlined business setup procedures. The above-mentioned free zones are some of the most cost-effective ones and are ideal for businesses looking for a cost-effective way to establish their operations in the region. However, it is essential to research and compare the different options available to select the best free zone that suits your business requirements.
