Explore The 5 Cost-Effective Free Zones For Your Free Zone Business Setup
Opening a firm in a free zone might be a tempting alternative for entrepreneurs and businesses wishing to establish a presence in a vibrant business area with numerous advantages, such as easier procedures and access to top-notch infrastructure.
Free Zone will help your business grow and ensure your entrepreneurial career is on the right path.
Benefits of Initiating a Business in the UAE Free Zone
- 100% ownership of the company
- Exclusion from taxes and custom duty benefits
- Local sponsorship is not required
- Free to conduct trade within the Free Zone and internationally
- Convenient accessibility for labor and other facilities
- The simplified company registration process
- Best 5 Cost-Effective Freezones
1. International Free Zone Authority (IFZA)
IFZA is one of the competitive free zones to start a business since it provides a wide range of affordable company establishment packages. The spectrum of commercial activities that can be carried out in this Free Zone is determined by the Dubai Department of Economic Development. Residential flats, offices, warehouses, and retail establishments are just a few of the facilities that IFZA introduces to investors and business owners.
At IFZA, forming a company is straightforward and quick. IFZA offers the lowest fee for company formation compared to other Dubai Free zones, which is why this Free Zone is appropriate for startups and small business owners looking to launch their enterprise at a minimal cost.
2. Raz Al Khaimah Free Zone (RAKEZ)
Due to its many benefits to international business owners, the RAS Al Khaimah Free Zone is another popular investment location in the UAE. Due to the benefits the RAK offshore firm provides, many foreign investors travel to the UAE to set up business in Ras Al Khaimah and its Free Zone. It is possible that they can select from a variety of structures that the local government permits.
Ras Al Khaimah offers several tax benefits when starting a business, just like any other free zone in Dubai or other emirates. This free Zone is a good option for foreign business.
- Corporate or income taxes are absent.
- Complete repatriation of capital and profits.
3. Ajman Media City (AMC)
Ajman Free Zone (AFZ), established in 1988, is a stand-alone dynamic ecosystem that provides companies and investors with a sustainable environment to accelerate growth and development.
In addition, it allows other benefits through modern solutions, quick license set-up procedures, competitive prices with low costs, and proximity to the Ajman Port, Dubai, and Sharjah International Airports. AMC permits some trading operations in addition to media-related activities. Business activities will fall into the following categories:
- Consulting and services.
- Training-related media
- E-commerce.
4. Sharjah Media City Free Zone (SHAMS)
The closest Emirate to Dubai is Sharjah, which is home to Sharjah Media City, also known as SHAMS Free Zone. Setting up a SHAMS firm in the UAE is a relatively new business establishment strategy. The youngest age of the firm shareholders in Sharjah Media City Free Zone is permitted to own a business starting at the age of 19.
This is a fantastic perk not offered in any other Free Zone. Since its debut in 2017, Shams has included thousands of businesses and has become even more well-known in the UAE’s business sector. Shams provides the best customer service in the industry.
5. Dubai Meydan Free Zone
One of Dubai’s best places to find inexpensive office space is Meydan Free Zone. The Free Zone also provides a No Objection Certificate to open an office space anywhere in Dubai.
The investor gains significantly from the abundance of inexpensive office spaces on the UAE mainland. The investor can select their office space based on their business needs and their budget.
Conclusion
In conclusion, thanks to the helpful government rules, starting a business in Dubai or anywhere else in the UAE is now more straightforward and accessible. To select the most cost-effective choice, it is necessary to have a thorough understanding of the numerous free zones and the license application procedure. It is advised to enlist the help of reputable business setup professionals like Golden Fortune to ensure long-term profitability and success.
