The Freezones in UAE have already secured praise among investors. The Freezones in UAE give a lot of infrastructure and business aid to the investors. Currently, there are more than 40 Free zones in the UAE. In which, know about the top low cost free zones in UAE.
The Freezones in the UAE give a pool of benefits for its investors. The most important among is 100% ownership of the business entity, profit repatriation, tax-free environment, secure banking system, world-class infrastructure, easy and fast business setup, etc.
When it comes to establishing a business in UAE and its cost the Freezones in Dubai comes at a premium. There are a couple of cost-effective Freezones in the UAE that offer unbeaten business setup solutions and infrastructure to set up your company and run it profitably.
Comparatively cheap Freezones in UAE offer similar infrastructure and business benefits as other Freezones.
Free Zone vs Mainland
Free zones are specific geographical areas where companies can operate without the need for a local partner or sponsor. They are designed to encourage foreign investment by providing various benefits.
Businesses in free zones are subject to the regulations and laws of the free zone authority and not those of the UAE federal government. The key differences between starting a Fujairah is one of the most low cost business centers in the UAE. IFZA offers a host of profitable solutions for setting up your first business in the UAE. A customized approach and cost-effective business solutions make IFZA as one of the cheapest leading business hubs in UAE.
IFZA also provides flexible office solutions that are designed to meet the needs of businesses of all sizes, from small startups to large corporations. In addition to its affordable pricing, IFZA also offers a range of benefits such as 100% foreign ownership, zero corporate and personal income taxes, and no currency restrictions.
Benefits.
- Easy and rapid incorporation and company management.
- A wide range of business activities including Consultancy, Service and Trading options.
- Business owners don’t have to be physically present during the incorporation process.
- Companies have limited liability.
- No foreign currency restrictions.
- Can incorporate holding companies.
2. Ajman Media City Free Zone.
One of the fastest growing Freezone in the UAE, Ajman Media City Freezone, is one of the most competitive business centers low cost business setup services and world-class infrastructure. It is one of the newly established and fastest-growing free zones and provides a cost-effective platform to media agencies and creative people who are looking for a profitable business setup.
Ajman Media City also provides flexible office solutions, including virtual offices and co-working spaces, which can be a cost-effective option for small businesses and startups. The free zone offers a one-stop-shop service for business registration and licensing, with efficient processes and minimal paperwork.
Benefits.
- Foreign Ownership.
- Zero Corporate or Income Tax.
- Many Business Activities in One Licence.
- Quick and Rapid License Issue.
Quick and easy Registration Process.
3. Ras Al Khaimah Economic Freezone (RAKEZ).
RAKEZ is a cost-effective powerhouse of business and an industrial hub with customizable solutions for business establishments to establish your dream company. RAKEZ provides Cost-effective business set-up packages, ultra-modern features and facilities, and first-class services. Freelancers, startups, and industrialists make RAKEZ one of the cheapest free zones in the UAE.
Another key advantage of RAKEZ is its strategic location, which provides easy access to regional and global markets. The free zone is located in Ras Al Khaimah, which is one of the fastest-growing emirates in the UAE and has a thriving business ecosystem.
READ ABOUT HOW TO SET UP A BUSINESS IN RAKEZ
Benefits.
- Customized packages provide smart solutions.
- Easy access to global markets.
- Cost-effectiveness.
Companies that are registered in the free zones and own a free zone trade license are required to submit an audited The cheapest trade license in Dubai for businesses without needing visas is offered by IFZA Free Zone. Their licenses start at AED 11,900, making them a cost-effective option for starting your business in Dubai.
Frequently Asked Questions (FAQ)
- How to choose a free zone in the UAE?
Picking a Dubai free zone requires matching your business type (tech, general) to the zone's focus (industry-specific, general), considering location for convenience, and comparing costs (rent, licenses) to find the best fit for efficient operations and growth.
- Which is the best free trade zone in the UAE?
Renowned as a leading UAE free zone and even the world's best, DMCC fuels Dubai's trade growth. It provides an ideal launchpad for businesses seeking entry into the UAE market.
- Is corporate tax applicable to Freezone?
Free Zone businesses in the UAE get 0% corporate tax by default, unless they choose to pay the standard 9% rate. This benefit applies automatically if you qualify as a Free Zone Person.
- How much money is required to start a small business in the UAE?
The cost to start a business in Dubai can vary widely (from 50,000 to 300,000 AED or more). This depends on your business type. For example, service-based companies might have a minimum investment requirement as low as 18,500 AED.
- What is the cheapest business license in UAE?
The cheapest trade license in Dubai for businesses without needing visas is offered by IFZA Free Zone. Their licenses start at AED 11,900, making them a cost-effective option for starting your business in Dubai.
