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Top 5 Free zones in UAE for Setting up a Business

 If you are looking to set up your company in the UAE, then you must have come across ‘free zones’. Free zones are havens for entrepreneurs. Imagine reaping numerous profits such as exemption from taxes, repatriation of profits and capital, foreign ownership by merely selecting one of the free zones. Free zones were formed and developed especially to boost economic growth with tons of lucrative benefits. 

There are over 37 free zones in the UAE. Each free zone targets a specific domain of industries. For instance, go for Sharjah Media City company formation if you seek creative or media industry. We will talk about the big five in the world of free zones. 

1.  Sharjah Media City Free zone: 

The list of benefits is almost endless, so SHAMS makes it to the top of five free zones. The benefits of SHAMS company setup include a variety of business activities such as setting up Shams new business license , allowing a company to have limited liability, low-cost business formation, and a low-cost workforce. Today SHAMS, considered a world-class business zone, offers specialized facilities for the media and creative industries.

2.  Free Zone of Dubai Multi Commodity Center (DMCC):

The DMCC is the main trading hub for international commodities. It is also the fastest-growing free trade area in the world. Close to Dubai's entry and exit points, as well as the Expo2020 site, it is well connected to the region's most important commercial, residential, and tourist areas. It gives 6 activities under one license. This license not only covers industrial, service, or general trade but also crypto commodity trading. Plus, in this free zone you can get a dual license.

3.  Jebel Ali Free Zone (JAFZA):

JAFZA is a benchmark free zone for business setup in Dubai, UAE. It has gained ISO certification and allows for diverse business modules and progressive work procedures. Named the flagship free zone of DP World, JAFZA provides licenses for trade, service, industrial, and e-commerce business operations. Due to its strategic location near the Jebel Ali Sea Port, it’s the ideal free zone for import and export startup business setup in the UAE.

4. Ras al Khaimah (RAK) Free Trade Zone:

When it comes to affordability, the RAKFTZ is the best. It is attractive especially to entrepreneurs and investors because of its low incorporation fees and generous incentives for business partners. In addition, it also offers a hassle-free approach when it comes to starting an entity. Free trade areas currently have more than 50 industries and tens of thousands of international and multinational corporations representing hundreds of countries. 

5.  Ajman Free Zone:

The Ajman Free Zone is particularly advantageous as it is adjacent to the main harbor. We also welcome all types of business, from freelancers to commerce and the light industry. Unlike starting a business in other free zones, there are installment plans for starting a business in the Ajman free zone, which offers an advantage to up-and-coming entrepreneurs.