The United Arab Emirates (UAE) has a number of free trade zones, and these zones are a major draw for foreign investors and businesspeople who want to set up business in the Middle East. Before the Foreign Direct Investment law was passed in 2018, it was required that a minimum of 51% of a company’s shares be held by a citizen or resident of the UAE. As a direct consequence of this, free zones came into existence so that they could entice foreign investors and provide them with complete autonomy over their companies.

The Jebel Ali free zone authority was the first free zone in the country. When it first opened, there were only 19 businesses operating inside of it. After ten years of operation, it was the first free zone to receive ISO certification. This accomplishment came after the zone had been operating for ten years. The prosperous history of the JAFZA prompted the establishment of a number of additional free zones within the country. It should come as no surprise that the free zones are home to a great number of people and organizations that have been successful in establishing their business setup in the UAE.

When compared to the process of setting up a business on the mainland, forming a company in Dubai or one of the free zones in the UAE is simple and quick. The designated free zones allow for one hundred percent ownership of the company and make licensing options more easily accessible to international investors.

Unique Features of Free zone in The UAE 

• The United Arab Emirates free zone emulates trade and investment with the appropriate amount of expertise and technology by incorporating the most successful aspects of free trade. Because of the large number of international companies that have established themselves in these free zones, it is clear that they have been very successful in the past.
• Free zones in the UAE offer convenient access to over 2 billion consumers who are located in multiple markets that are within a four-hour flight of each other.
• Entrepreneurs who are interested in establishing their company in Dubai or the United Arab Emirates can take advantage of the benefits in a variety of other ways, depending on the free zones.
• SHAMS, or Sharjah Media City, has some lengthy procedures that continue to be intimidating to potential investors. In order to avoid this, the authorities launched active licensing services to encourage the creativity of new entities and start-ups and to ensure that their business setup in the UAE can be completed within 1-2 days. SHAMS Media City is an innovative center where people in the media can launch their business packages, with prices beginning at AED 5750.

The International Free Zone Authority in Dubai (IFZA Dubai) makes it simple for foreign investors to start businesses by offering a variety of business setup options. An environment for doing business of a world-class standard is provided by the authority, which serves a wider community within the nation. IFZA is advantageously situated in the primary city of Dubai, and it provides competitive business packages with prices beginning at AED 12,500.

Better Commercial Opportunities With The free zones in The UAE

• Free zones in the United Arab Emirates make it much simpler to run a company there. It may sound like a difficult process, but forming a company in the UAE or acquiring a business license is actually quite straightforward. With the assistance of a business setup consultant in Dubai, the majority of the procedures are straightforward and straightforwardly simple.
• The United Arab Emirates’ free zones allow for 100 percent foreign ownership of businesses without the requirement of a local sponsor or agent.
• In addition, business owners get to keep 100 percent of their profits and revenues, as well as all of the money they bring in. Most importantly, there is a grace period during which all corporate and other taxes can be deferred.
• The majority of free zones are governed by a legal authority and are equipped with their own set of laws as well as courts that interpret those laws.
• The process of documentation is less complicated
• Costs associated with recruitment are lower than they would be onshore.
• The majority of the free zones in the UAE offer their assistance in the processing of services including immigration, legal, and medical procedures.
• Free zones offer a wide variety of opportunities, including those pertaining to space, tenure, fashion, and finances.
• You have the option to pick from a range of different individual freelance permits, all the way up to an international branch office.
• In a similar vein, you can get attractive options ranging from shared office space with a contract for only one year to huge industrial warehouses that can be leased for up to 25 years.

Why does the selection of the right business consultants matter?

When starting a business in free zones of the UAE, the most important thing is selecting an experienced business consultant. They will ensure that your  licensing and other tasks like accounting, bookkeeping, and bank account opening are executed without delay and mistakes. This is crucial because choosing a substandard agency to save a small amount of money can lead to significant trouble. The rules and regulations are complex, and without the right knowledge of packages, you may lose a significant amount of money during renewal or liquidation, etc.

How 3A Global Corporate Services Provider Can help Your Business?

Getting a business license in free zones of UAE requires an experienced and talented pool of professionals. We have 16 years of experience in company formation  in the UAE. Feel free to contact us for expert advice.

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