The Free zones in the UAE has already gained acclaim among investors. The Free zones in the UAE offers a whole lot of infrastructure and business support to the investors. There are more than 40 Free zones currently in the UAE. And the Cheapest free zone in UAE is categorized broadly based on the business activities each Free zone is specialized in. For example, a Media Company is advisable to be registered in any of the Media City Free zones such as the Dubai Media City, Fujairah Creative Zone, Sharjah Media City, etc.
Why is Free zone the Popular Choice of Investors?
The Free zones in the UAE offers a host of benefits for its investors. The most important ones being the 100% ownership of the business entity, profit repatriation, tax-free environment, secure banking system, world-class infrastructure, fast and easy business setup, etc. There are various factors that determine the popularity of a Free zone in the UAE. For general trading, consultancy, service industry, etc., the cheapest free zone in UAE is the most preferred as UAE is the center for business activities in the UAE.
The location of the Dubai International Airport is a key attraction for services and consultancy businesses to set up their base in Dubai. The ability to travel seamlessly to any part of the world, conduct business meetings and fly in and out of Dubai, etc., are few direct benefits from setting up your business in Dubai. When it comes to the business setup cost, the Free zone in Dubai comes at a premium. There are a couple of cost-effective Free zones in the UAE that offer unmatched business setup solutions and infrastructure to set up your dream company and run it profitably.
Which are the Cheapest Free zones in the UAE?
Let’s have a look at the relatively cheapest free zone License in UAE that offer similar infrastructure and business benefits as of the Free zones in Dubai.
- International Free zone Authority (IFZA)
The International Free zone Authority (IFZA), Fujairah is one of the most cost-effective business centers in the UAE. IFZA offers a host of profitable solutions for setting up your first business in the UAE. IFZA offers its investors a wide range of modern office solutions that match international standards. IFZA has a warehouse facility that is built on the highest international logistics standards. IFZA also offers flexi-desk and flexible rental solutions for the investors to keep their operational cost at the minimum.
Type of licenses available in IFZA
- Consultancy License — Ideal for professional services like management consultants, HR Consultants, etc.
- Service License- Suited for production, transformation, and distribution of service companies
- Trading License- Best fit for a company that trade specific goods
- General Trading license — For companies that trade a wide range of items
- Industrial License- Best fit for companies involved in importing raw materials, production, manufacturing, package, and exports, etc.
- Holding license — Enables the holding of standalone assets and/or shares of other company
General Trading License — (1 Visa Package) — 17,500 AED Yearly (The package amount might slightly vary in actuals)
To know more on the IFZA company setup packages, click here
- Ras Al Khaimah Economic Free zone (RAKEZ)
RAKEZ is a cost-effective business hub with customizable solutions for business establishments to set up your dream company. RAKEZ offers Cost-effective business set-up packages, modern facilities, and first-class services. It has the state of the art infrastructure and hi-tech facilities for industrial growth and development. RAKEZ offers an easy and fast business setup, customer friendly environment for the investors. There are more than 14000 companies from 100+ countries registered in RAKEZ. RAKEZ has 5 Free zone parks that are tailor-made for investor requirements. RAKEZ consists of a business park, industrial parks (3), and an academic zone. For DIFC Holding company click here
RAKEZ has provision for Free zone and Non-Free zone company formation. It offers a wide range of business and industrial facilities. The easy access to global markets through the seaports & airports of the UAE is making RAKEZ a preferred destination for investors. Commercial License — Allowed to conduct 5 similar activities from the chosen category — 14,800 AED Yearly (The package amount might slightly vary in actuals)
- Umm Al Quwain Free Trade Zone (UAQ FTZ)
The Umm Al Quwain Free Trade Zone (UAQ FTZ) is a perfect choice for start-ups, SMEs and business groups for setting up the offices. Its proximity to Dubai, access to the international ports, and top-class infrastructure are making it an investor’s favorite. The Umm Al Quwain Free Trade Zone has been operating as an autonomous Free zone since its inception in 2014. Due to its low-cost business setup and low running costs, Umm al Quwain Free zone is expected to have a rapid adoption in the coming years.
Read more on the cheapest free zone in Dubai here.
- Ajman Media City Free zone
Ajman Media City is one of the fastest growing Free zone in the UAE. It is one of the most competitive business centers with cost-effective business setup services and world-class infrastructure. It is considered a top-notch hub for media and entertainment companies to set up the office. It offers a cost-effective platform to media agencies and creative people who are looking for a profitable business establishment.
Types of company formations in the Ajman Media City Free zone
- Free zone Establishment (FZE)
- Free zone Company (FZCO)
- Branch of a Foreign Company
- A subsidiary of a Foreign Company
- Branch of a UAE Company
Commercial License (1 Visa Package) — 11,952 AED Yearly [The package amount will vary in actuals]
Click here to know more on Cheap Business License Dubai
The most important components in the business setup are deciding your business activity, business license types and the perfect location to start your dream company. UAE is the perfect place to establish your business and gain global access easily. The ease of doing business, government support for entrepreneurs, world-class infrastructure, secure banking facilities, strategic location, proximity to the airport and seaports, global connectively, etc., is making UAE a strategic location for business establishments. Hence, achieving business excellence and growing your brand into a global one is assured by being in the UAE.
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Offshore or on-shore company in Dubai
The procedure for opening an offshore company in Dubai differs very much from the one necessary for incorporating an on-shore company. If you’re not sure at this stage which one you need, please consider the following: A) An offshore company ( Ajman offshore company formation ) does not have any special requirements or limitations regarding the owners/shareholders of the company while. b) An onshore company does not allow full foreign ownership (the company requires a local “sponsor”). For more info on requirements please see: RAK offshore company formation.
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