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What is a Free Zone in UAE?

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Are you looking to start your dream venture in the free zones of UAE? There is a plethora of reasons for you to consider the UAE, the land of opportunities and innovation. One of the most quintessential reasons being, it has emerged as the world’s hub for not only trade and business development but for everything required to kickstart anyone’s UAE dreams. In this guide, you will find information about what is a free zone, its benefits, why set up free zone business, and a list of the free zones.

The world is at your disposal to conquer Dubai. There’s lucidness in doing business in the free zone because entrepreneurs receive government support, a class apart infrastructure and banking facilities that are highly secure making it a strategic location for any business enterprise.

What is a Free Zone in Dubai or UAE?

A free zone in Dubai, UAE is a designated commercial area where goods and services can be traded without tax and customs rates. These zones provide a smooth and strategic roadmap for businesses, making them attractive to investors.

Free zones in the UAE offer several advantages. Entrepreneurs can enjoy complete ownership of their businesses, benefit from cost-effective incorporation, and take advantage of duty-free import and export benefits. Additionally, they can obtain a UAE residence visa, allowing them to access various financial services and amenities.

Every Emirate in the UAE has its own free zones, totaling 45 across the country. Each free zone offers a range of business activities and operates under independent jurisdiction. Many of these zones are specialized, focusing on specific business activities governed by the free zone authority.

For example – The Dubai Healthcare City Free Zone ensures fundamental healthcare services, enticing the finest global and regional names in the medical field. The free zones offer a bespoke advisory facility. It gives investors appropriate guidance to setup business in UAE, whether onshore or offshore.

Why Set Up a Business in a Free Zone?

UAE free zone offers companies the ease of setting up their business complimented by 100% foreign ownership. Starting a business here is easier than most parts of the country. Opening a company would make the owner eligible to apply for a UAE free zone visa.

The free zones extend a wide-ranging experience in strategy consulting with immense knowledge in setting up SME or large companies. They are resourceful and assist entrepreneurs in a hassle-free manner. Providing benefits like visa and residency permits, business registration, documents and agreements, banking assistance and office space. Adding to it, they are also particular with confidentiality conscious financiers as their information is not disclosed in public.

Benefits of Free Zone

A free zone visa entails a range of benefits in setting up a business in UAE. The number of businesses set up in these locations is a testament of how many success stories thrive in these locations, driving the economical quotient of UAE to an all-time high.

  • 100% foreign ownership
  • Complete exemption from custom duty
  • Zero corporate taxes and income taxes
  • 100% repatriation of capital and profits
  • Corporate property on lease for up to 25 years
  • Independent laws and regulation
  • Fast and easy business set-up processes
  • Developed business infrastructure.
  • An easy regional and global market approach
  • Contemporary and sophisticated infrastructure
  • Multiple choices at competitive costs

A list of free zones in UAE

Dubai Free Zones

Abu Dhabi Free Zones

  • ADAFZ (Abu Dhabi Airport Free Zone)
  • Abu Dhabi Global Markets
  • ADPC – Khalifa Port and Industrial Zone
  • ICAD (Industrial City of Abu Dhabi)
  • Higher Corporation for Specialized Economic Zones
  • Masdar City Free Zone

Sharjah Free Zones

  • Hamriyah Free Zone
  • Sharjah Airport International Free Zone
  • USARTC (The U.S.A. Regional Trade Center Free Zone)
  • Sharjah Publishing City Free Zone
  • SHAMS (Sharjah Media City Free Zone)
  • Sharjah Publishing City Free Zone

Ras Al Khaimah Free Zones

  • Ras Al Khaimah Economic Zone
  • RAK Maritime City Free Zone Authority
  • RAKIA (Ras Al Khaimah Investment Authority)
  • Ras Al Khaimah Free Trade Zone
  • Ras Al Khaimah Media Free Zone

Ajman Free Zones

Fujairah Free Zones

  • FFZ (Fujairah Free Zone)
  • Fujairah Creative City

Umm Al Quwain

Get your free zone visa with Shuraa Business Setup

Are you looking to make your presence felt in the UAE free trade zones? All that is required is some time from your schedule, some necessary documentation, making you a business owner in UAE to secure all the gains that come with it in no time.

Our attractive packages for startups and SMEs allow entrepreneurs to convert their business ideas into reality. Shuraa Business Setup will help you establish your company with minimum hassle. In conclusion our expert corporate advisors handle the A to Z of company formation.

Expedite your entry into the UAE free zones today! To know how to acquire a visa, call us at +97144081900 or send a WhatsApp message on +971507775554. You can also drop in an email at [email protected] and get the answers to all your queries.

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Date: July 26th, 2024
Time: 11:00 AM to 2:30 PM