Overall, establishing a business in a free zone might seem pricier at first compared to a mainland setup, given the extra charges levied by free zone authorities, including license fees, visa fees, and registration fees. Nevertheless, free zones frequently provide inducements like tax exemptions, discounted office space, and additional benefits that could potentially balance out these initial costs over the long term.
Top 3 Free Zones Company registration: Low-cost
While there are advantages to operating a business in a Free Zone, it’s important to note that certain free zones may come with elevated associated costs. Nevertheless, there are also budget-friendly free zones in the UAE that offer economical choices for businesses seeking to establish a presence in the country. These cost-effective free zones can be an appealing solution for startups, small businesses, and entrepreneurs aiming to establish themselves in the UAE without incurring substantial expenses.
1- International Freezone Authority (IFZA Dubai):
Situated in Dubai Silicon Oasis, the International Freezone Authority (IFZA) stands out as one of the most economical business centers in Dubai. IFZA Dubai presents a variety of advantageous solutions for those initiating their first business in the UAE. With its tailored approach and cost-effective business offerings, IFZA has established itself as one of the most budget-friendly business hubs in the UAE.
IFZA Free Zone is dedicated to accommodating businesses of all sizes, providing flexible office solutions suitable for small startups to large corporations. Alongside its competitive pricing, IFZA extends several benefits, including 100% foreign ownership, exemption from corporate and personal income taxes, and no currency restrictions.
- Streamlined and swift incorporation processes and efficient company management.
- Diverse business activities available, encompassing Consultancy, Service, and Trading options.
- Business owners are not required to be physically present during the incorporation process.
- Companies benefit from limited liability.
- No constraints on foreign currency.
- Possibility to incorporate holding companies.
2- Sharjah Media City Free Zone – SHAMS:
As one of the rapidly advancing Free Zones in the UAE, Sharjah Media City Free Zone stands out as a highly competitive business center, offering low-cost business setup services and top-notch infrastructure. Positioned among the newly established and fastest-growing free zones, it provides an economical platform for media agencies and creative individuals seeking a lucrative business setup.
Shams also extends flexible office solutions, encompassing virtual offices and co-working spaces, presenting a cost-effective choice for small businesses and startups. The free zone streamlines the business registration and licensing process through a convenient one-stop-shop service, characterized by efficient procedures and minimal paperwork.
- Full foreign ownership.
- Exemption from corporate and income taxes.
- Diverse business activities are covered under a single license.
- Expedited license issuance.
- Quick and straightforward registration process.
3- Ras Al Khaimah Economic Free Zone (RAKEZ):
Positioned as a dynamic and cost-effective business hub, Ras Al Khaimah Economic Free Zone (RAKEZ) offers tailor-made solutions for businesses to realize their entrepreneurial aspirations. RAKEZ provides economical business setup packages, cutting-edge features, and top-notch services, making it an attractive choice for freelancers, startups, and industrialists, solidifying its status as one of the most budget-friendly free zones in the UAE.
A notable advantage of RAKEZ is its strategic location, facilitating convenient access to both regional and global markets. Situated in Ras Al Khaimah, one of the UAE’s fastest-growing emirates with a thriving business ecosystem, RAKEZ continues to stand out.
- Customized packages for intelligent business solutions.
- Seamless access to global markets.
- Easy and quick process
- Business registration remotely
Whether you’re planning to establish a Trading, Consulting, or Holding company, our Business setup advisors in Dubai are ready to assist. They can guide you in selecting one of the top free zones in the UAE for 2023, tailored to the specific nature of your envisioned business. Click here to schedule a FREE consultation with one of our highly experienced free zone business setup consultants in Dubai.
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