Since its formation in 1971, UAE has been constantly growing step-by-step and gaining more popularity among investors. In addition to mainland, the free zones in UAE has also gained acclaimed among investors as it offers a bespoke advisory service that gives clear direction and guidance to savvy investors who want to set up their operations in the Emirates, whether onshore or offshore.
What is Free Zone?
‘Free zone’ means a special economic zone where business owners get an advantage to keep 100% business ownership and enjoy tax exemptions. In addition, Free zones in UAE offers both infrastructure and business support to investors.
Benefits to start your own venture in Free Zones
- Tax exemption: Investors are gaining maximum profits and benefits as Dubai is offering tax- exempted environment.
- Ownership: If you setup your business in free zones you get 100 per cent ownership of your setup. Whereas other business settings need a local sponsor/promoter, under Dubai Free Zones laws, a single individual can set up the business
- Lease options:You are eligible for additional perks of 25 years of lease options.
- Indulge more than one activity:If you are looking for Dubai business setup, you are not restricted to carry out just one business-related activity.
- Bank account rules: You can open a bank account in your name in Dubai.
List of Top Cost Effective Free Zones in UAE
1. International Free Zone Authority (IFZA)
Set to quickly become a leading investment hub, IFZA is one of the most cost-effective free zones in the UAE. IFZA offers a highly customized approach with perfect blend of international service standards and cost-effective solutions. In addition, IFZA offers complete warehouse facility that works on the highest international logistics standards.
Benefits of Investing in IFZA
- Quick and trouble-free incorporation and company management
- 100% foreign ownership
- During the incorporation process, presence of business owner is not mandatory
- Complete exemption from corporate and income taxes
- No foreign currency restrictions
- Low-cost ventures
- No need of share capital requirement
- Ability to set up limited liability company
2. Ajman Media City Free Zone
Established in 1988, Ajman Media City is one of the fastest growing free zones in UAE. Located in the city of Ajman, it is 12 kilometers away from Dubai and 2 kilometers away from Sharjah. Ajman media City free zone offers profitable base to media agencies and creative investors who want to set profitable business estabishmet.
Benefits of Investing in Ajman Media City Free Zone
- Avail 100 per cent foreign ownership
- Cheapest license in UAE
- Many business activities under one license
- Simple and fast registration process
3. KIZAD (Khalifa Industrial Zone Abu Dhabi)
Located in Abu Dhabi, Khalifa Industrial Zone Abu Dhabi is one of the well emerging free zones in the United Arab Emirates. It offers multiple business solutions with top-notch infrastructure facilities with all kind of business strategies. You can reach here via road, air and sea.
World-class infrastructure, free zone, non-free zone solutions and tax free environment makes KIZAD stand different among all.
Benefits of investing in KIZAD
- Easily accessible via road, air and sea
- Millions of Air Freight Capacity
- Offers customized packages for all kind of businesses
4. RAKEZ (Ras Al Khaimah Economic Zone)
Situated in the heart of Ras Al Khaimah, RAKEZ is counted among one of the cost-effective free zones in UAE. It offers best business solutions to freelancers, startups to SMEs, manufacturers, traders and industrialists. RAKEZ connects investors to growing markets in the Middle East, North Africa, Europe as well as South and Central Asia.
Benefits of Investing in RAKEZ
- Offers easy and fast business setups
- Customer friendly environment for investors
- More than 14000 companies from 100+ countries registered in RAKEZ
- Delivering affordable and first-class business solutions
So why wait more? Set up your own venture in cost-effective freez ones in UAE and earn bigger. We at Maven Business, make your process more structured and hassle-free. The main aim of our company is to deliver best to our clients and that too at pocket soothing prices. Our expertise will understand your business needs in-depth and schedule your plan accordingly. To have a word with our experts, do contact us today.