Business formation in the UAE comes with a lot of perks. You get hassle-free access to various resources, affordable business solutions, digitised workstations, a growth-oriented working environment, and much more. For these reasons, the free zones in the United Arab Emirates continue to gain popularity.
In fact, more than 60,600 businesses have already found a home for their ventures in the free zones. The country continues to observe a 4.4% year on year rise in free zone company registration.
Therefore, if you’re a business aspirant in the UK or any other part of the world looking to commence a new venture in Dubai, then a free zone establishment is a lucrative opportunity for you. In addition, the company formation experts at the Shuraa UK branch make the incorporation process easier for you. How?
By taking care of documentation, licensing, and providing you access to the cheapest free zone license in Dubai. Read ahead as we explore some of the most affordable economic zones in the Emirates.
Which are the cheapest free zones in Dubai?
There are more than 44 free trading zones in the Emirates. Here, we list the ones that offer the cheapest company incorporation solutions:
1. Ras Al Khaimah Economic Zone (RAKEZ)
Free zones in the UAE don’t get any better than RAKEZ. It ranks among the best economic zones in the country that provides the cheapest free zone license in Dubai. In addition, you can conduct several educational, e-commerce, media, and commercial activities in this zone.
RAKEZ is also among the leading free zones for manufacturing-related operations. Furthermore, the reason for the success that manufacturing businesses observe in this region is the advanced infrastructural facilities.
You get cost-effective solutions to customise industrial plots, warehouses, and more as per your requirements. In addition, the economic zone also enjoys hassle-free access to the seaport and the Ras Al Khaimah airport.
2. Jebel Ali Free Zone Authority (JAFZA)
JAFZA provides a host of business licenses in Dubai. These include industrial, trading, service, and e-commerce licences among several others. It’s a very popular free zone and has become the ideal free zone for MNCs.
JAFZA has seen a 300-fold enhancement in numbers in the previous few years since its commencement. Additionally, it has rapidly developed from 19 firms in 1985 to over 8000 ventures from over 100 nations, employing over 135,000 people and accounting for more than 22% of the UAE’s FDI.
Import and export ventures flourish in this economic zone, thanks to easy access to the Jebel Ali Sea Port. However, this doesn’t imply that other ventures don’t enjoy success in JAFZA. Therefore, you don’t need to think twice before starting your business in JAFZA if you’re looking for affordable company formation in the Emirates.
3. Dubai Multi Commodities Centre (DMCC)
Do you have aspirations to expand your business from a free zone to the mainland once you achieve sustainable growth? If yes, then you should establish your venture in DMCC. Apart from being among the cheapest free zones in the UAE, DMCC offers an exclusive dual license.
This license helps you expand your business to Dubai’s onshore business zone without any legal or compliance issues. All you need to do is connect with the licensing experts at the Shuraa UK branch, and we’ll get the dual license for you.
Furthermore, the DMCC jurisdiction has also approved modern business trades like crypto commodities trading. Hence, there’s no reason for you to look past the Dubai Multi Commodities Centre to open your new venture in the UAE.
4. International Free Zone Authority (IFZA)
The next free zone on our list is IFZA. It’s an exclusive economic zone that empowers investors to launch their companies remotely. Therefore, you can easily run your virtual business in the UAE without purchasing any real estate/office space.
It provides the cheapest free zone license in Dubai under several categories – e-commerce, consultancy, service, commercial, trading, and many more. IFZA is also famous because it’s regarded as one of the most stable economic zones for business incorporation in Dubai.
The strategic location of the International Free Zone Authority separates it from all the other economic zones in the UAE.
5. Fujairah Creative City Free Zone (FCCFZ)
FCCFZ offers hassle-free company formation procedures. All the procedures involved in business establishment require minimum documentation and very limited approvals. Therefore, you can focus on your business activities instead of getting stuck with the paperwork procedures.
Media and entertainment ventures thrive in this economic zone, thanks to adequate support from the jurisdiction and government. Event management companies, consulting firms, and educational institutions also blossom in FCCFZ. Connect with the experts at the Shuraa UK branch to launch your company here.
Benefits of company formation in a UAE free zone
Listed below are a few of the many advantages of setting up your company in an economic zone:
1. Complete business ownership
The best part of company formation under an FZA is that you enjoy 100% foreign ownership of your business. All you need is the assistance of a reliable local service agent (LSA). He/she won’t have any legal shareholding in your company and would only help you in completing the legalities.
2. Tax benefits
Are you worried about corporate taxes, customs duties, personal taxes, etc.? Well, there’s nothing to worry about when you set up your company in a free economic zone. These jurisdictions follow a 0% taxation policy to benefit the investors and business owners.
3. Straightforward company formation
Be it the paperwork procedures or other legalities – all the steps involved in free zone business establishment are straightforward and easy to comprehend. Moreover, the process becomes even simpler when you collaborate with the company formation specialists at the Shuraa UK branch.
4. State of the art infrastructure
As a budding entrepreneur from the UK, you’ll have high expectations regarding the office infrastructure, amenities, and more. The free zones in Dubai offer excellent infrastructure alongside a competitive yet friendly business environment.
Launch your free zone company in Dubai!
There are several factors you must consider before finalising the ideal free zone for your venture. These include the location, budget, office space, transport facilities, permissible business activities, and much more. However, you don’t have to worry about any of it when you collaborate with Shuraa UK.
The free zone specialists at the Shuraa UK branch have prolific experience in this domain. Therefore, we pick the best free zones for you and provide affordable business formation quotes that are fully customisable.
So, what’s the wait for? Connect with our business set-up professionals today to get started!