Which Free Zone Is Best For Low Cost Business Setup In UAE ?

Investors have previously praised the UAE's free zones because of the great opportunity for low cost business setup in uae. The UAE's free zones provide investors with extensive infrastructure and commercial support at a low cost. The UAE now has around 40 free zones which includes information on the best affordable free zones in the UAE. For their business investors, the UAE's free zones offer a variety of advantages. The most crucial ones include complete ownership of the corporate entity, profit repatriation, a tax-free environment, a secure banking system, top-notch infrastructure, quick and simple business establishment, etc. In this blog, you will learn about low cost business steps in uae.

List of 4 best free zones for business setup in the UAE

Here are the top free zones in UAE that you might want to think about for the formation of your business, listed in no particular order.

1. DMCC ( Dubai Multi Commodities Centre)

If you're seeking a free zone with the Midas touch for your new commodity business in Dubai, go no further than the DMCC, which is located in the heart of the captivating Jumeirah Lakes Towers neighborhood. The DMCC free zone offers perfect prospects for hard commodity businesses as well as soft commodity or raw material firms that deal in or operate with soft commodities such as tea, oil, and cereal grains. With enterprises that deal in or work with harder goods like diamonds, gold, and valuable and base metals. The DMCC free zone not only offers excellent chances for firms dealing in hard commodities, but also in soft commodities or raw materials like tea, oil, and grain. The combination of DMCC's Free Zone status, state-of-the-art real estate, both commercial and residential, as well as unmatched commodities and financial services, puts it in a league of its own. With a DMCC low cost business setup in uae, you will enter a paradise with a thriving community, cutting-edge infrastructure, top-notch services, and an incredible selection of properties—all only minutes from excellent air, sea, and road connections to the rest of the globe. Consider looking into the benefits of establishing a DMCC-licensed business in the UAE.

1. Its proximity to major transportation hubs, airports, and seaports facilitates easy access to global markets.
2. Up to 6 activities may be covered by a single DMCC license (but only within the same group).
3. The world's top free zone, according to the Financial Times fDI Magazine.
4. Allows trade in crypto-commodities.
5. Offers a dual license.
6. Total foreign ownership of a company.
7. Absence of corporate and personal income taxes.
8. Full repatriation of capital and profits.
9. No limits on currencies.
10. A large number of legal commercial activities.
11. Specialized infrastructure and a unique industry cluster.
12. Systematic chances for networking at DMCC events.
13. Serviced offices, flexi desks, and shared offices are examples of flexible office solutions.
14. Countless possibilities for global expansion
15. There are residence and employment permits available for both stockholders and employees.

2. SHAMS (Sharjah Media City)

Sharjah Media City (or SHAMS), created in January 2017, is home to creative and media companies from more than 160 worldwide and offers services and solutions that are meant to act as a catalyst for their growth and profitability. This does not imply that you cannot launch a non-media company in SHAMS. Shams is dedicated to improving and providing value to Sharjah's media sector, but it goes beyond that. And the pleasure is that investors can establish a company at the lowest cost while gaining access to various visas by way of a joint office. Multiple firm operations are also permitted under the same license. Shams aims to establish itself as a prominent creative hub in the region, conveniently located just 15 minutes away from Dubai International Airport and a mere 5 minutes from Sharjah International Airport. Sharjah Media City may be the best option if you have a tight budget and want to start a media company in the United Arab Emirates. The benefits that your SHAMS business setup will provide you with include the following:

• Shams is specifically designed to cater to the needs of media, entertainment, and creative businesses and activities involved like publishing, broadcasting, film production, digital media, advertising, and more.
• 100% foreign ownership of business owners have full control over their companies without the need for a local partner or sponsor.
• It provides options for shared workspaces, serviced offices, and even the possibility of setting up a virtual office.
• Located between Dubai and Sharjah, providing businesses with easy access to both emirates. This allows companies to tap into the vast business opportunities and resources available in both regions.

3. RAKEZ (Ras Al Khaimah Economic Zone)

A growing economic and industrial hub, Ras Al Khaimah Economic Zone is situated in the center of Ras Al Khaimah in the United Arab Emirates and offers free zone and non-free zone businesses in the global community, which is prospering in more than 50 sectors, with customized solutions. Business travelers and their families may enjoy the best of both worlds in the business-perfect RAKEZ. Not to mention the expensive restaurants, designer shops, state-of-the-art hospitals, and opulent homes that can be rented for next to nothing. RAKEZ authority, which is dedicated to assisting startups, business owners, SMEs, and industrialists with their business setup needs, provides a variety of licenses, including freelance licenses and facilities that can be customized, as well as first-rate support services like visa facilitation to make operating a business in the UAE as simple as ABC while adhering to local laws and regulations. Thanks to logistical hubs like seaports, international airports, and multi lane superhighways, businesses may readily access the trade flows between the East and the West. In addition to the general benefits associated with Freezones, RAKEZ low cost business setup in uae has a special set of advantages, including:

• In RAKEZ, starting a business can cost as little as AED 5,499 (pricing guaranteed for 3 years).
• Various commercial ventures, including gaming.
• The free zone provides innovative solutions and custom packages for establishing businesses in the UAE.
• You can get a dual license.
• Access to an e-Commerce license for business owners.
• Affordable company start-up packages for women entrepreneurs start at AED 6,200.
• Various-sized, ultra-modern warehouses (Lease more, pay less).
• Huge industrial undertakings need industrial land parcels.
• You can choose to incorporate an entity in a free zone or a non-free zone, including forming an offshore business.

4. Abu Dhabi Airports Free Zone

In 2011, the Abu Dhabi Airports Free Zone (ADAFZ) was established, encompassing Abu Dhabi International Airport, Al Ain International Airport, and Al Bateen Executive Airport. Spanning over 12 square kilometers, this free zone features mixed-use commercial districts with various facilities, storage units, commercial offices, and land for projects. It offers an ideal investment structure for businesses specializing in aviation, space, defense, logistics, ICT, and light industries. Furthermore, ADAFZ provides comprehensive office solutions for a wide range of industries. Developed by Skycity, a subsidiary of Abu Dhabi Airports Company (ADAC), the Abu Dhabi Airport Free Zone is an exceptional choice for aviation and logistics businesses in the capital city of the UAE. In addition to the benefits of company registration in a Free Zone, such as full ownership, 100% repatriation of profits, 0% income and corporate taxes, and a diverse range of activities, ADAFZ offers several other advantages that set it apart from other free zones in the UAE. Some of these advantages include:

• 100% import and export duty exemption.
• One-stop-shop administration services.
• Fast and efficient cargo clearance services.
• International freight forwarders and logistics services.
• Online customer service.
• Land with convenient access to the airport apron.
• On-site customs inspection.

Benefits of Free zone business setup

There are several benefits to setting up a company in a free zone in the UAE . Here are some key advantages:

• Profit repatriation: In free zones, businesses are free to bring all of their capital and profits home. Due to this, business owners can maximize their returns on investment and enjoy financial flexibility.
• Streamlined visa processes: Free zone low cost business setup in uae can gain from streamlined visa processes, which will make it simpler to secure visas for staff members and their families. This makes it easier to hire qualified professionals from all over the world.
• Worldwide market access: Free zones provide important entryways to local and worldwide markets. They provide superior connections and easy access to international transportation networks, making it simpler for businesses to connect with clients and suppliers anywhere in the globe.
• Tax exemptions: Free zones provide tax benefits, such as exemption from both business and individual income taxes. Profitability can rise and the financial load on enterprises can be greatly reduced.
• Complete foreign ownership 100%: It is one of the key advantages for businesses created in free zones. This enables business owners to manage their operations independently of a local partner or sponsor.
• Customs duty exemptions: Businesses located in free zones are exempt from paying import and export customs duties. Businesses engaged in international trade may benefit from this as it lowers costs and improves supply chain effectiveness.

Free Zone vs Mainland: Which is a better option for low cost business setup in uae

Free zones are unique geographic locations where businesses can operate independently of a local sponsor or partner. They offer a variety of perks to promote foreign investment. Also, Free zone authorities, not the UAE's federal government, set the rules and legislation that apply to businesses there. Starting a business in the UAE Free Zone differs significantly from doing it on the Mainland because :

1. Low cost business setup in uae mainland companies must have at least 51% UAE-national partner participation, free zones permit 100% foreign ownership.
2. While mainland companies must pay UAE federal taxes, free zones provide tax perks.
3. The laws and regulations that apply to free zones are different from those that apply to mainland firms in the UAE.
4. While mainland enterprises are limited to operating within their borders, free zones can conduct direct business with the UAE market.

Read Also This - What Is The Cheapest Freezone For Business Register In UAE

Conclusion

Without a doubt, one of the best chances for entrepreneurs wanting to enter the commercial world in the nation is business registration in the UAE free zone. We make sure that the low cost business setup in uae for you is a simple and easy process. Our company set-up advisors will walk you through every step of how much a free zone license will cost, and getting government clearances.