The UAE which was ranked 16th worldwide in the World Bank’s Ease of Doing Business 2020 report, is the ideal business place owing to several reasons such as being the cheapest free zone in UAE.
Its strategic location and infrastructure; attract a huge number of foreign and local investors. Whether you’re looking to expand your business or start a new one, UAE offers an accelerated business environment.
Free Zones in the UAE :
Free zones are the special economic areas in the UAE where businesses can be set up at privileged tax and customs rates. Each free trade zone is defined by a geographical area within the particular emirate. Besides, Each free zone has its own rules, regulations and its specific offers.
UAE Freezones are popular among global investors. There are more than 45 Freezones that offer the cheapest free zone licenses in UAE. The Cheapest free zones in UAE attract global investors to set up their low-cost companies. The Free zones in UAE offer a whole lot of infrastructure, the cheapest trade licenses, and business support to the investors. Depending on the business activities the investors can choose the right Free Zone in the UAE.
Benefits of setting up your company in a UAE Free Zones :
Before selecting a Free zone, Investor must be aware of what Free zones can offer. There are plenty of benefits that bring out investor to obtain the cheapest free zone license in the UAE. Here are some of the
benefits of setting up a business in a Free zone:
☑️ Fast and easy business setup and company management
☑️ 100% ownership without the help of a UAE sponsor
☑️ 0% Corporate and Personal income taxes
☑️ 100% Tax exemption from all import and export duties
☑️ Easy transfer of capital and profits
☑️ Strategic location with world-class infrastructure
☑️ Flexibility in currency exchange
☑️ Support from the government
Top 5 Cheapest free zones in the UAE :
There are various factors to be considered when choosing the cheapest Free Zone in UAE to establish a company. It includes the location of the free zone, followed by the business activities chosen, office space requirements, etc. There are few cost-effective free zones in UAE that offer attractive company formation packages and the cheapest trading license for investors. Here are the top 5 cheapest free zones in the UAE.
1. International Free Zone Authority (IFZA)
The cheapest free zone in Dubai is International Free Zone Authority (IFZA) which is located in the Silicon Oasis area in Dubai . It provides a free Flexi desk for a year and a free-for-life resident visa. The free zone also provides a cheap company license in Dubai that doesn’t require visas. This is currently one of the top-of-the-line and most affordable free zone license options in Dubai for 2022.
The investors are exposed to a variety of latest office options that meet international standards. There is a warehousing facility in this free zone that was constructed to the best logistical standards followed worldwide. For investors who want to keep their operational costs to a minimum, IFZA also provides Flexi-desk and flexible renting alternatives.
To know more about the IFZA business setup packages, click here: IFZA
2. Meydan Free Zone (MFZ)
The next affordable modern free zones of Dubai is Meydan free zone. Meydan Free Zone is one of the prime locations and a perfect choice for low-cost office space in Dubai. MFZ also provides a No Objection Certificate to open an office space anywhere in Dubai. It is highly beneficial for the investor as there are numerous low-cost office spaces in the UAE mainland. They can select their office space based on the needs of their budget and unique business requirements.
Due to its strategic location inside the Meydan Hotel and next to the Meydan Racecourse, Meydan free zone is the ideal hub for foreign investors. Above all, MFZ offers a wide range of business activities and license types for foreign investors at a low cost. Also, this free zone allows business executives can network and interact with others in this open space while working together on the projects.
To know more about the MFZ business setup packages, click here: MFZ
3. Sharjah Media City free zone (SHAMS)
Sharjah Media City is one of the fastest-growing Free Trade Zone and least expensive free zone at this moment. Low-cost company licenses and low-cost Visas are the highlights of the Free Zone. SHAMS fosters a vibrant and growing atmosphere for new entrepreneurs. That being said, SHAMS is now one of the ideal free zones for new-age investors as well as established businesses. The low-cost license package is an add-on for new investors to easily start their company in the Free Zone. It also provides the cheapest general trading license in UAE.
SHAMS offers smart innovative services for aspiring startups and SMEs, as well as established companies or corporations. It acts as a catalyst for creative and media businesses to grow and thrive. Aiming to be a world-class media hub for innovative facilities and services. It covers a wide range of business activities available for those wishing to embark on their entrepreneurial journey in the UAE.
To know more about the SHAMS business setup packages, click here: SHAMS
4. Sharjah Publishing City free zone (SPC)
SPC Free Zone provides a solid infrastructure and a range of services within a business-friendly environment. This enables you to successfully operate and run a profitable business and contribute to a thriving local and regional ecosystem in both the Mainland & Free Zone with its unique dual-license offering. In the past 12 months, 2000+ new companies from 106 countries have commenced operations with SPC Free Zone, leveraging its nurturing and supportive environment and advanced infrastructure to conduct business and expand operations in the region.
SPC Free Zone provides choice from a wide array of business activities from various sectors including services & consulting, commercial, publishing, wholesale, and retail. They can allowing you to combine up to 5 business actives from various sectors under one trade license without any additional fees.
To know more about the SPC business setup packages, click here: SPC
5. Ras Al Khaimah Economic free zone (RAKEZ)
RAKEZ is another free zone offering one of the most cost effective free zone licenses in the UAE. It is a cost-effective business hub with customized solutions for business establishments to set up your dream company. RAKEZ is a powerhouse business and industrial hub in the UAE that uniquely offers customizable solutions to free zone and non-free zone businesses. It is open to businesses of all sizes— from freelancers and startups to multinational companies in over 50 industries.
RAKEZ offers an easy, fast business setup and a customer-friendly environment for investors. There are more than 14,000 companies from 100+ countries registered in RAKEZ. RAKEZ has provisions for Freezone and Non-Freezone company formation. Additionally, the easy access to global markets through the seaports & airports is making RAKEZ a preferred destination for investors.
To know more about the RAKEZ business setup packages, click here: RAKEZ
Conclusion
Setting up your business in the UAE is much easier now, thanks to government policies. For more information about the costs of business licenses in the UAE free zones, you can contact us. YUGA not only offer a cost breakdown of every free zone but also help with the process of acquiring any type of business licenses.
FOR MORE INFORMATION, CONTACT US :
Phone : +971 52 1952 532 / +971 4 240 1110
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Website : www.yugaaccounting.com