Which is the best and cheapest free zone trade license option in the UAE?
For foreign investors, free zones are considered the most excellent regions to start a business in the UAE. These zones are ideal for foreign investors and business owners, dealing in import and export. In a Free Zone, a company can open its branch, which is considered as an expansion of the business and not as a separate entity.
Why Free Zones are considered best to start a Business in the UAE?
Free Trade Zones in the UAE are designated regions where United Arab Emirates’ mainland taxes, services, and import-export limitations on companies are not implemented. Also, bureaucratic needs are much lower along with easy start-up plans, labor, and immigration process, making free zones the most desired destination for business set up in the UAE.
Here are some of the key benefits of establishing a business in UAE Free Zones
- No business taxes
- Complete Foreign Ownership allowed for all kind of activities
- No trade hurdles or shares
- Simple Import and Export Rules and Regulations
- No restrictions for hiring expatriates
- Complete repatriation of assets and profits
- Good Infrastructure and amenities available for manufacturing and business purposes
Types of License Received from Free Zone Authority
- Trade License
- Industrial License
- Service License
- National Industrial License
The process to apply for a free zone trade license and establishing business are as follows:
- Select your company activities
- Select a business name
- Apply to get a trade license
- Apply to get UAE visa
- Open a business bank account
How many Free Zones are available in the UAE?
All seven emirates have free zones, it’s important to choose the right free zone according to your needs. PMC Solutions FZCO can recommend the best free zone based on your business setting, visa and workplace necessities, and, surely, venture budget.
Dubai Design District (D3): Best destination for the creative business setup, especially design and fashion. The D3 offers access to local designers, global fashion houses, office units, studio space, and co-working services.
Dubai Airport Free Zone (DAFZA): This region has direct connectivity to Dubai International Airport and provides a fast-track customs procedures that make it the perfect place for international transport and trade.
Dubai Internet City (DIC): ICT hub that caters business of all sizes, starting from solo enterprise to multi-national companies.
Dubai Knowledge Park (DKP): Launched in 2003, Dubai Knowledge Park is an ideal free zone for HRM (human resource management) and educational merit.
Dubai Media City (DMC): One of the leading media hubs consisting of advertising, marketing, media consultancy, infrastructure, and services.
Dubai Multi Commodities Centre (DMCC): Ideal free zone for legal business activity that offers flexible office systems, multi-story office units, Flexi-desk, and services for size of businesses.
Dubai Silicon Oasis (DSOA): Highly recognized integrated technology park that caters to high-tech infrastructure and internal business facilities.
Dubai South Free Zone: Home for different activities including dedicated travel, trading, and logistics business.
Dubai World Trade Centre (DWTC): This free zone is within Dubai World Trade Centre control together with the adjacent One Central.
Fujairah Creative City (FCC): Located on the UAE’S East Coast, it offers easy access to the main shipping path, a port, airport, and smooth process to set up the business.
Jebel Ali Free Zone (JAFZA): The oldest free zone launched in 1985 become home to thousands of big and small size companies.
Ras Al Khaimah Economic (RAKEZ): This free zone is ideal for businesses of all sizes, offers freelancers services, infrastructure, and resources for startups to multinational businesses.
Sharjah Media City (Shams): Just five minutes away from Sharjah International Airport and fifteen minutes from Dubai International Airport, this free zone includes all from bookkeeping and reviewing to distributing and wholesale.
Abu Dhabi Global Market (ADGM): Ideal for financial and non-financial services. With easy land, air, and sea connectivity this free zone is ideal for trading, specialized, manufacturing, and e-commerce business.
“Here we discuss some of the best and cheapest Free trade zone license options in the UAE that offer easy setup solutions and infrastructure to establish your dream business and run it beneficially. “
Still Not Sure, Contact PMC Solutions FZCO
Our experts can take care of the whole process required to set up your business in the UAE including making license, processing visa applications, and more.
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