Were you exploring the list of Free Zones in the UAE but confused about which one to choose for business formation? It happens! Out of 40+ UAE free zones, picking up the best one for your business needs is the most difficult task.
In the blog post, we’ll explore the top 7 thriving free zones in the Emirates to initiate your business. But before we introduce them, it’s essential for you to know why considering the UAE Free Zone for business setup.
Why Should Startups Choose Free Zones in the UAE for Incorporating A Company?
One of the prime reasons behind the booming economy of the UAE is its Free Zones with endless benefits. Enlisted below are some of the perks of incorporating a company in various Emirati Free Zones:
1. Most of the Free Zones allow 100% foreign ownership
2. Entrepreneurs who are willing to start a company in the UAE Free Zones get 100% capital and profits repatriation
3. Income and corporate tax exemptions
4. Endless support and networking opportunities
Let’s explore the 7 thriving Free Zones in Emirates To Turn Your Dream of Company Incorporation Into Reality.
1. DMCC Authority Free Zone
Are you thinking of setting a benchmark in the financial or commodities sector? If yes, then you must consider the DMCC Authority Free Zone. Even the Financial Times FDI magazine also crowned it as the Global Free Zone of the year. Located in the heart of Dubai’s Jumeirah Lakes Towers district, DMCC has ample potential for the retail and commerce sector.
2. Sharjah Media City (SHAMS)
SHAMS aka Sharjah Media City was established with a vision to become a world-class hub for media and creative industries. Since the SHAM is just a 5-minute drive from the Sharjah International airport, it offers smooth logistics support to businesses.
In order to run a business in Sharjah Media City, lease a place and seek approval from the Sharjah Municipality.
3. Al Khaimah Economic Zone (RAKEZ)
Another fastest-growing Free Zone across the UAE is the Ras Al Khaimah Economic Zone. If you require warehousing facilities for your business, then this zone is the perfect choice to incorporate a company.
This Free Zone never leaves you disappointed when it comes to the availability of customizable warehouses and industrial lands.
4. DWC Free Zone
Giving wings to your logistics business becomes a seamless process if you set up a company in DWC Free Zone. Thanks to its dedicated logistics corridor for effortlessly connecting the Jebel Ali Port to Al Maktoum International Airport.
Invest in this multimodal logistics platform and lap up the benefits of unprecedented connectivity, speed, and efficiency.
5. Jabel Ali Free Zone in the UAE
Did you know? Jabel Ali Free Zone is home to over 8700 entries from more than 100 countries worldwide. The ultimate aim behind the formation of the JAFZA Free Zone was to focus on long-term customer relationships by fostering alliances with investors globally.
It’s another booming free zone that offers quality-driven facilities to support your business operations.
6. Dubai Airport Free Zone Authority
With its modern facilities and world-class infrastructure coming together, Dubai Airport Free Zone Authority is another worth-investing UAE Free Zone. This zone shares its boundaries with Dubai International Airports.
Consequently, this advantage makes DAFZA an impeccable gateway for connecting the Middle East, African, European and Asian markets together. Given below are a few industries that DAFZA supports:
1. Light industry
2. Pharmaceutical items
3. Trading & Manufacturing
5. Jewellery Business
6. IT Industry
7. Khalifa Industrial Zone Abu Dhabi (KIZAD)
Performing Trading, Logistics, Industrial and Service activities becomes a cost-effective process if you invest in Khalifa Industrial Zone Abu Dhabi. And this makes KIZAD another worthwhile investment for starting a company.
One more good thing about KIZAD is its connectivity to Khalifa Port, the first semi-automated container port in the UAE.
Summing it up:
UAE drives entrepreneurial zeal with easy trade policies, be it mainland company formation in Dubai or Free zone entity incorporation. Hopefully, this blog post gave you clarity about the top 7 Free Zones in the UAE for starting a company.