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UAE free zones are major attraction among foreign investors and entrepreneurs who wish to launch their business setup in the Middle East. Until the introduction of FDI law in 2018, it was mandatory to have 51% shares of a company to be held by a UAE national. As a result, the free zones were established to attract foreign investors where they have full control of their business.
Jebel Ali free zone authority was the first free zone in the country, started with just 19 companies operating in it. After 10 years of establishment, it was the first free zone to be awarded ISO certification. JAFZA success story inspired the launch of several other free zones in the country. Obviously, the free zones are home to many individuals and institutions that successfully start their business setup in UAE.
As per the current reports, UAE has close to 50 free zones, and each free zone is dedicated to specialized business sectors. The common business entities include, trade, energy, renewable energy, exports, re-exports, media, communication, metals, commodities, finance, healthcare, IT, and more. IFZA Dubai and SHAMS or Sharjah media city are the recently launched free zones in UAE.
Company formation is easy and quick anywhere in Dubai or UAE free zones compared to mainland business setup. The designated free zones allow 100 % ownership of the company, providing easy licensing options for global investors.
Free zone in UAE unique features
Incorporating the best practices in free trade, UAE free zone simulates trade and investment with sufficient knowledge and technology. The huge number of international firms located in these free zones suggests their ongoing success story for other entrepreneurs.
Free zones in UAE provide easy access to more than 2 billion consumers located in multiple markets within a four-hour flight.
Entrepreneurs interested in setting up their business in Dubai or UAE can avail the benefits in many other ways according to the specific free zones.
SHAMS or Sharjah media city has some lengthy procedures that stay daunting to potential investors, to avoid this; authorities launched active licensing services to encourage the creativity of new entities and start-ups to ensure their business setup in UAE within 1-2 days. SHAMS media city is a creative hub for media people to launch their business packages starting from AED 5750.
IFZA Dubai or International free zone authority provides easy business setup solutions by attracting foreign investors. The authority provides world class business environment serving a wider community in the country. IFZA is strategically located in the main city of Dubai with competitive business packages starting from AED 12,500.
Better business with UAE free zones
Free zones in UAE make it much easier to conduct your business. Company formation in UAE or getting a business license, sounds like a complicated process but it’s not. Most of the processes are easy and simplified with the help of a business setup consultant in Dubai.
Above all, the UAE free zones offer complete foreign ownership without the need for a local sponsor or agent. Entrepreneurs also enjoy complete repatriation of profits and revenues and 100% transfer of funds.
Most significantly, there is waiver time for all corporate and other taxes. Most of the free zones have a legal authority and have their own laws and courts based on the common laws.
Company or individual planning to set up their business in Dubai or any other Emirates in UAE, free zone is the right choice to success.
New company formation in UAE is made simple and faster than mainland companies. The documentation process is more simplified and the recruitment processes are cheaper than onshore. Most of the free zones in UAE extend their support in services like medical, labour, legal, and immigration processes.
Free zones provide plenty of opportunities like space, tenure, style, and budget. You can choose from simple individual freelance permits to international branch office. Similarly, get attractive options from shared desk space on a 1-year contract to huge industrial warehouse leasing up to 25 years.
A & A associates expert guidance on business setup in UAE free zones
Our clients speak up the quality of our work! Many dozen of contented clients reflect our expertise and integrity. A & A associates continue to offer personalized and professional service to international clients who are interested in business setup in UAE.
Being a popular business set-up consultancy in Dubai, we are registered with many free zones across the country.
Read Our Gulf News article: https://bit.ly/31QSgqz