Free zones: DAFZA

• Background and History: DAFZA, another free zone insider, established itself in 1996. It is quite near Dubai International Airport, a major global airport.
• Services and Facilities: The zone has first-rate human resources and infrastructure. Its logistics and communications networks allow access to foreign markets.
• Key Industries: These include aviation, electronics, property, logistics, and pharmaceuticals.
• Business Setup Requirements: Lease an office; that’s it. Submit the required documents and get a trade license.
• Unique Benefits: All-international ownership, exemption from tariffs, and modern technology.

Abu Dhabi Global Market (ADGM)

• Background and History: ADGM is an offshore financial center. It began operations in 2013 in Abu Dhabi.
• Services and Facilities: Offer large legal services, fintech development, and banking services.
• Key Industries: Financial services, fintech, and asset insurance.
• Business Setup Requirements: Adhere to licensing procedures, regulatory compliance, and investigations by ADGM.
• Unique Benefits: Dispute resolution abroad, fewer legal hurdles, and many ways to raise funds.

Dubai Multi Commodities Centre (DMCC)

• Background and History: DMCC, founded in 2002, is the global trade hub for commodities.
• Services and Facilities: Have up-to-date infrastructure with different commodity trading facilities.
• Key Industries: Manufacturing of gold, diamonds, precious metals, and energy.
• Business Setup Requirements: Apply for a trade license. Also, find suitable office space and meet the free trade zone’s legal requirements.
• Unique Benefits: Ideal location, market integration, and networking opportunities.

Ajman Free Zone

• Background and History: Set up in 1988, Ajman Free Zone aims to boost small and medium enterprises (SMEs).
• Services and Facilities: Offers value-for-money managed offices and commercial properties.
• Key Industries: SMEs, trade, manufacturing, and logistics.
• Business Setup Requirements: Get a free zone license. Rent an office. Complete the required documents.
• Unique Benefits: Near Ajman Port, low cost of setup, and SME help.
• Success Stories: The Ajman Free Zone has over 12,000 businesses from 145 countries.

Other Notable Free Zones

Other free zones worth noting are Dubai Silicon Oasis, Ras al Khaimah Free Trade Zone, and Fujairah Free Zone. Each has its own benefits.

Advantages of Establishing a Business in the UAE Free Zone

Tax and Encumbrance Incentives

• Corporate Tax Exemptions: Most free zones have no tax on corporate income.
• Customs Benefits: Simplified customs clearances and tax exemptions on goods transactions across borders.

100% Foreign Ownership

• Ownership Flexibility: You can have full control of the company. There is no need for a local partner.

Infrastructure and Facilities

• World-Class Infrastructure: Use of many transport options and other developments to boost performance.

Access to global markets

• Geographical Competitiveness: The UAE is the base. It has access to Africa, Asia, and Europe.

Simplified Business Setup Process

• Ease of Setup: Efficient and quick business registration with simple documents.

How to Establish a Business in a UAE Free Zone: A Complete Manual

Eligibility and Business Types

• Types of business: Entrepreneurs may opt for trade, manufacturing, service, or consultancy businesses.

Required Documents and Processes

• Documentation: In such cases, business plans, copies of passports, and the requisite licenses are usually present.

Costs and Fees

• Costs: There is no fixed price for the investment, as it depends on the selected free zone and type of business.

Time Duration of Setup

• Time: The setup can usually last a few weeks depending on the zone.

Contact Information and Support Services

• Help: The management of the free zones supports efforts to establish businesses.

Future Trends and Opportunities in UAE Free Zones

Future Changes

• More Investments in Infrastructure: It will expand the free zone.

How These Will Impact Rather Investments in the Eastern Region

All Sub Sectors Targeted: The UA wants to lead in fintech and AI.

ALSO READ: e-Commerce License Dubai 

What is a Free Zone in the UAE?

A UAE Free Zone is a special area. It offers benefits to attract foreign investment in businesses.

These zones allow 100% foreign ownership. They offer tax breaks and a simple setup process. We customize each free zone for a particular sector.. They connect businesses to global markets and enable trade, fostering growth and innovation.

How many free zones in UAE?

The UAE has 45+ free zones. Each serves specific industries and business needs. These zones let entrepreneurs start businesses in a supportive, innovative, growth-focused environment.

What is a Free Zone Visa in the UAE?

A Free Zone Visa in the UAE is a residency permit. It is for those who own or work in businesses in a free zone. This visa lets expatriates live in the UAE. It also allows them to sponsor family members and access amenities in the free zones. This visa is valid for one to three years, depending on the free zone. You can renew it. It offers a stable, enriching home for entrepreneurs and their teams.

Conclusion

UAE free zones provide a global platform for businesses of any structure. These zones let businesses market products worldwide. They offer big perks, besides tax breaks. Begin with us here in the United Arab Emirates and increase your business prospects as you do not pay taxes.

Seek guidance on UAE free zone business setup from our business setup experts consultants.