Cost Effective Free Zones in the UAE
The following Free Zones are considered as cost effective:
1. Sharjah media city-SHAMS. Sharjah, the third-largest emirate in the UAE, has been at the forefront of attracting foreign investment into the country with its world-class free zones. Shams Free Zone have played a significant part in ushering in economic diversification, creating employment and luring foreign investments into the UAE.
2. RAK economic zone-RAKEZ. RAKEZ) announced its latest addition to company set-up offerings, Foreign Direct Investment (FDI). The new formation structure allows a 100% foreign ownership of companies in Ras Al Khaimah’s mainland, enabling investments in various booming sectors, such as industrial, agricultural, and service sectors, while owning and controlling all shares in non-free zone companies.
3. Ajman free zone authority-AFZA. Ajman Free Zone Authority was established in 1988 in Ajman, United Arab Emirates. The free zone gives way to free zone company formation, offshore company formation, and foreign direct investment. Currently, there are more than 12,000 companies operated in AFZA.
4. International free zone authority-IFZA, located in Fujairah. IFZA caters Trade, Service and Consultancy activities to reflect client’s objectives. IFZA regulates, facilitates, and incorporates trade from its Fujairah headquarters, supported by the company’s corporate offices in Dubai to act as a catalyst to business houses.
Benefits of Free Zones in the UAE
Free Zones in the UAE have a long list of advantages. Quite often they offer a very flexible pricing policies for obtaining a license and establish new business. UAE has about 40 Free Zones, most of them are located in Dubai or in close proximity to Dubai borders. All Free Zones offer highly customised approach with cost-effective company setup solutions for investors.
Free Zone authorities are the government bodies that register and issue business licenses to non-resident companies. Free Zones allow corporate structures to have a physical presence in the UAE, allow 100% foreign ownership, corporate bank account, 3 years investor visa/partner visa, 100% Tax Exemption, with certain exceptions, variety of office facilities and modernized one stop-shop registration and administrative
services. However, investors need to take into careful consideration their business activity requirements, strategy and financial budget to select wisely.
To choose the right Free Zone for your business, please contact us today.
To choose the right Free Zone for your business, please contact us today
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