UAE has established itself as one of the most prominent business zones in the world. It offers excellent infrastructure and exposure to businesses that promote their profit and helps them to flourish. From any new business endeavour to MNC branch extension, UAE has emerged as the first choice for every entrepreneur.
The Dubai government appreciates this business growth over their land and thus provides convenient business licensing to companies and individuals. The government offers the cheapest free zone license in UAE, further aggravating their transactional business relationships with the companies.
What Is A Freezone License?
UAE has specific economic regions where organizations can be set up at low tax and customs rates. These regions are known as Free zones. Each free business zone is characterized by a geological region inside the specific emirate. Furthermore, each free zone has its own set of rules and regulations and jurisdiction overseeing the organizations.
These free zones help UAE to boost its foreign businesses by offering various advantages to them. They are offered cent percent business ownership. Currently, there are more than 40 free zones in the UAE, many of which are differentiated in light of business exercises.
What Is a Freezone License In UAE?
A free zone license is exactly what it sounds like- it is the documentation that every business owner essentially requires to run their organization in the UAE free zones. With the free zone license, companies get numerous benefits irrespective of their niche, age, and size.
The Perks Of Getting A UAE Freezone License Are
● Cent percent foreign ownership
One of the most appealing advantages of setting up a business in a free zone is full possession privileges. In the free zone, the investors get full ownership without the assistance or interference of a UAE sponsor.
● Exclusion from Corporate and individual taxes
UAE’s duty system makes it one of the most influential motivations to set up an organization here. Dubai offers the cheapest free zone licenses. This becomes possible as the free zones offer 100 percent exclusion from individual and corporate duties.
● Simple arrangement in terms of setup
Getting a free zone permit in Dubai is a very easy process. Be that as it may, the specific organization arrangement interaction might rely on the kind of business exercises picked by you. Yet, much of the time, essential documentation and administrative work are enough for you to begin.
● Exemption from Import and export obligations
UAE jurisdiction excludes entrepreneurs from paying import and export taxes. Alongside they have no currency guidelines and limitations. This flexibility of currency exchange makes monetary transactions easier here.
● Support from the public authorities
The UAE government is exceptionally supportive and inviting to the inverters and financial backers. The Free zone specialists help the new organizations get a free zone permit in Dubai and assist them after that.
The Cheapest Free Zone In UAE
The UAE Free zones in recent times are one of the most preferred choices for investors for the wide range of advantages they offer. When choosing the least expensive free zone, one goes through the data about where they are based and the advantages they offer.
Dubai free zone license cost can be pretty expensive in some cases and may lay low for others. Here are the four main free zones which considered to be the cheapest and offer numerous monetary advantages:
1- Ajman Media City- AMC
Offering a very speedy and basic organization development process, Ajman Media City is the latest investment destination in the UAE. This free zone draws in organizations from the whole way across the world by offering simple and financially savvy administrations. AMC integrates a wide assortment of media and diversion-related exercises.
It additionally offers Flexi-work areas and little sharable workplaces. This free zone is an optimal spot for small- and moderate-sized entrepreneurs to set up their organizations. With an exchange permit beginning from AED 8500, AMC is deemed one of the cheapest free zones in the UAE. Alongside the media-related exercises, AMC permits a few trading activities:
● Administration and Consultancy
● Media related preparing
● E-business.
2- Sharjah Media City free zone- SHAMS
Lodging the few most significant organizations and businesses, SHAMS is UAE’s quickest developing media free zone. SHAMS is currently one of the best free zones for established businesses and new-age financial investors.
SHAMS offers a massive rundown of business exercises. However, the business exercises are not just connected to the media area. You can embrace numerous business exercises per permit. The sorts of permits to operate presented in SHAMS are:
● Trading and Exchanges
● Professional
● Holding and different sorts
● Social media influencing
3- Raz Al Khaimah free zone- RAKEZ
Another locale offering one of the cheapest free zone licenses in UAE as of 2022 is RAKEZ. This free zone currently lodges more than 14 thousand organizations in excess of 50 niche areas. The nearness to RAKEZ to RAK airport and seaport makes this free zone a preferable choice for entrepreneurs.
RAK is famous for its customizable warehousing arrangements. Organizations here can choose from warehouses of all sizes based on their business activity requirements. It even provides staff accommodations. Here one can set up their business at a cheap rate that too within a week, which is fastest.
RAKEZ provides the largest assortments of business activities in UAE, which include:
● Commercial activities
● Administration
● Industrial activities
● Media
● Education
● Professional activities
4- International Freezone Authority, Dubai- IFZA
Situated in the Silicon Oasis Garden Region in Dubai, IFZA is one of the most competitive free zones in the UAE. It offers an immense variety of cheap business establishment packages. Making it one of the cheapest free zones in the UAE to lay out a business.
The Dubai Branch of Economic Development concludes the scope of business exercises that can be led in this free zone. You can pick a limit of 7 exercises under one permit. The sorts of licenses presented in the IFZA free zone are:
● Consultation
● Administration
● Exchanging or Trading
Laying out a business in IFZA can limit the capital necessities for your organization and save money on your yearly review costs. Another benefit of setting up a business in IFZA is that you can set up your office, stockroom, and private loft on the same premises.
5.Sharjah Research Technology and Innovation Park (SRTIP)
As a leading hub for research and development, SRTIP attracts businesses and institutions focused on innovation. It offers a wide range of facilities and support services for industries such as biotechnology, information technology, and nanotechnology.
Here are the types of activities that can be pursued in SRTIP:
- Research and Development
- Innovation
- Technology Transfer
- Education and Training
- Incubation and Acceleration
Here Is a Quick Table View With Cost Of Free zone Business Setups
| Free Zone | Location | Trade License Cost | Key Industries |
| Sharjah Research Technology and Innovation Park (SRTIP) | Sharjah | AED 5,500 | Research, development, technology, innovation |
| Ajman Media City (AMC) | Ajman | AED 8,500 | Media, entertainment, e-business |
| Sharjah Media City (SHAMS) | Sharjah | AED 5,800 | Media, trading, professional services |
| Ras Al Khaimah Free Zone (RAKEZ) | Ras Al Khaimah | Varies | Commercial, administration, industrial, media, education, professional |
| International Free Zone Authority (IFZA) | Dubai | AED 12,900 | Consultation, administration, trading |
Wrapping Up
Dubai offers a highly diversified market with an amazing economical structure. If you are considering setting up a business in Dubai – then you have made the right decision! Be it mainland business setup, free zone company or offshore company formation you need business setup services in Dubai to start your company in the right manner.
Nonetheless, Because of government strategies, setting up your business in the UAE is a lot easier now. It is not only about the cheapest free zones in the UAE, but also about which jurisdiction offers you maximum potential and business opportunities. Further, the advantages and business activities that you can conduct in the region can add to your growth!
Research the one that meets your requirements or consult a professional expert to set up your business in the free zones of UAE. Speak to a professional business setup consultant in Dubai today!
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Setting up a business in the UAE is an important decision and we help our clients take the best decisions at the most opportune time. We have helped register 1000s of companies in the UAE. Our clients save time, effort and money while setting up their business in the UAE!
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