Free Zones, also known as free trade zones, are crafted to enhance international business by offering expatriates 100% ownership and streamlined administrative processes. In the UAE, free zones are typically affiliated with ports or cater to specific industries. The country has flourished as a business hub, owing much to the entrepreneurial spirit of its community and the leadership of its rulers.
Free zones are delineated geographical areas within the UAE, often tailored to specific industries, allowing for complete foreign ownership. They serve as catalysts for strategic advancements in key sectors, often boasting cutting-edge facilities funded with public resources.
Steps to start your business in a free zone
⦁ Choose a business activity
⦁ Select a free zone
⦁ Choose and register your company name
⦁ Apply for your license
⦁ Obtain a visa
⦁ Open your corporate bank account
By following these steps and considering each aspect carefully, you can navigate the complexities of setting up your business in a UAE Free Zone. Leveraging expert advice at crucial junctures, such as choosing a free zone and document preparation, will ensure a smooth and efficient setup process, positioning your business for success in the UAE market.
Dubai is home to over 40 Free Zones, with more than 30 located within the emirate. Notable free zones in Dubai include:
Abu Dhabi, the UAE's capital, has also emerged as a robust commercial center. Key free zones in Abu Dhabi include:
The Northern Emirates, including Sharjah, Ajman, Ras Al Khaimah (RAK), Fujairah, and Umm Al Quwain (UAQ), host several free trade zones, contributing significantly to trade, manufacturing, and services. Notable free zones in these emirates are: