Main Free Zones to Set up your Business in Dubai Dubai is fast becoming the business hub of the Middle East. Many giant Multinational companies have set up there, and after the Dubai 2020 Expo, it is now attracting plenty of start-ups.
For an entrepreneur or start-up, the Free zones in Dubai are the right location to start a business. Free Zones offer world-class infrastructure, easy laws for Business Setup in Dubai, and tax benefits. The advantages of starting a business in the Free zone compared to the Mainland are many, including
100 % foreign ownership – no requirement of local sponsor Zero personal and corporate tax 100% repatriation of capital and profits in any currency Exemption from import and export duties Strategic location with world-class infrastructure Hassle-free laws to set up a business quickly
Here are the top 5 Free Zones in Dubai for starting a business.
1. Dubai Multi Commodities Centre Free Zone (DMCC) The Dubai Multi Commodities Centre Free Zone (DMCC) is the no 1 Free Zone in the region, with the market space flourishing rapidly. The zone is wellconnected by road, air, and sea, and with its 15000 members, it is a dynamic community.
The DMCC is a luxurious zone and ideal for the financial services and commodities segment. It allows a commodities segment company to operate at least six business activities under one license if they belong to the same group. The activities permitted include service, industrial, crypto commodities trading, and general trade. The DMCC is among the few Free Zones in the UAE that allows dual licenses to entrepreneurs.
2. Dubai World Central free zone [DWC] Dubai World Central free zone [DWC] is a prominent Free Zone and important for import and export trade as it is connected to two major airports – the Al Maktoum International Airport and Jebel Ali Port. It also has access to a road network across the UAE, making the Free Zone an excellent and leading trade and logistics hub. The DWC Free Zone offers world-class facilities and modern infrastructure for Business Setup UAE. It has a dedicated area for e-commerce needs in six places. This location is apt for the aviation, logistics, and hospitality sectors.
3. Jebel Ali Free Zone [JAFZA] The Jebel Ali Free zone is a benchmark for setting up a business in Dubai. Thanks to its ISO certification, it has a progressive work process that allows diverse business verticals to be set up. It is the flagship free zone of the DP World. It provides trading, industrial manufacturing, service industry, and ecommerce business licenses.
JAFZA's strategic location near the Jebel Ali Sea Port makes it ideal for import and export business in Dubai. It also has direct access to a market of more than 2 billion consumers.
4. International Free Zone Authority Dubai (IFZA) The IFZA is a relatively new free zone in Dubai but has gained popularity in the region for its scale of economy. It offers cost-effective Free Zone Company Formation in Dubai for entrepreneurs and start-ups. It offers commercial, trading, consulting, service, and e-commerce licenses. Having a physical office space to start business operations is not a must, and virtual office addresses are available.
5. Dubai Airport Free Zone Authority (DAFZA) The Dubai Airport, Free Zone Authority, hosts more than 3100 companies from industries such as IT, pharmaceuticals, jewellery, logistics, and manufacturing. DAFZA is located near the Dubai International Airport and is referred to as the business gateway between the Middle East, Europe, Africa, and the rest of Asia. The DAFZA Free Zone offers world-class infrastructure, 100% business ownership, and tax exemption. The business-friendly environment allows an entrepreneur to set up a business quickly.
Conclusion UAE presently has more than 45 Free Zones spanning diversified industries. Starting a business can be tricky as a foreign investor will be spoilt for a choice. Investors need to understand what would work best for their unique business ideas. Therefore, it is beneficial if they hire the Best Business Setup Consultants in Dubai who can guide them on all aspects of doing business in the UAE. A professional consultant such as Absher Business Consultancy offers professional services in setting up a business. The expert knowledge proves beneficial in company formation, market research, business plans, office space, visa applications, trade licenses, opening bank accounts, locating local
sponsors/agents, advising on which Free Zone is best suited for the client’s business, and recruiting manpower, etc.
Source Link: https://absherbusinessconsultancy.blogspot.com/2022/08/main-free-zonesto-set-up-your-business.html