Top 3 Cheapest Free Zones in UAE
For a variety of reasons, including being the most cost-effective free zone in the UAE, the UAE stands out as an exceptional business destination. Its strategic geographical location and zero tax policy are attractive to both local and international investors, drawing them in significant numbers. Whether you aim to expand your existing company or establish a new one, the UAE offers a dynamic and fast-paced business environment and also providing Cheapest Free Zones in UAE for business. Furthermore, the UAE’s reputation as a global economic hub is further strengthened by its thriving “free zones.” These free zones have gained popularity as the economy expands, adding to the nation’s numerous advantages. At MARKEF, our team of experts specializes in assisting modern-day investors in selecting the most suitable and cost-effective free zone in the UAE.
In today’s blog, we will delve into an extensive discussion on the most affordable free zones in the UAE. Without any further delay, let us delve into the details!
The Top 3 Cheapest Free Zones in UAE
Investors are increasingly drawn to free zones due to their multitude of advantages. When searching for the most affordable free zone in the UAE. It is crucial to consider their geographical location and the services they offer.
Now, let’s explore the top four cost-effective free zones that offer comparable economic benefits to other free zones.
1. Sharjah Media City Freezone (SHAMS)
SHAMS, the rapidly growing media free zone in the UAE, houses some of the world’s leading industries and multinational corporations. Sharjah, as a thriving and expanding environment, offers aspiring entrepreneurs a remarkable opportunity. Consequently, SHAMS has emerged as one of the top choices for both new and established businesses within the free zone landscape.
SHAMS presents a wide array of commercial services, extending beyond the confines of the media industry despite its name. With a single license, multiple business activities can be carried out. The following categories of business licenses are available at SHAMS:
- Trading and Professional License
This free zone serves as an ideal platform for individuals seeking to establish a business. However, without the need for physical presence in the UAE.
2. International Freezone Authority (IFZA)
Dubai’s Silicon Oasis Area is home to the International Freezone Authority (IFZA), a highly competitive free zone. With its diverse range of cost-effective company formation packages. IFZA stands out as one of the most affordable free zones in the UAE for launching a business. It works to establish fruitful business being Cheapest Free Zones in UAE.
The Dubai Department of Economic Development governs the range of business activities permitted within this free zone. With a single license, entrepreneurs can select up to seven activities to engage in. The IFZA free zone offers the following licenses:
- Service License
- Trading License
- Consulting License
By establishing a company in IFZA, businesses can minimize their capital requirements and reduce annual audit fees. Another advantage of setting up in IFZA is the ability to have office. Warehouse, and residential apartment facilities all within the same property.
3. Dubai Multi Commodities Centre (DMCC)
Known as the top-ranked free zone in the UAE, DMCC offers excellent opportunities for business setup. It stands out as one of the premier free zones that allows investors to obtain a dual license, making it an ideal choice. The primary advantage of holding a dual license is the ability to expand or extend your business operations to the onshore or mainland areas. However, obtaining a dual license requires obtaining both a mainland license and a DMCC license simultaneously.
Additionally, a single DMCC license enables you to conduct up to six different business activities. This means that the DMCC license is not limited to specific sectors such as services, industry, or general trading. It also allows for engagement in crypto commodities trading.
Conclusion
When forming a new business in the UAE, it is a good idea to engage with a company formation specialist such as MARKEF to verify that this is the case. We are a team of company registration specialists that are enthusiastic about making prospective entrepreneurs’ and SMEs’ aspirations a reality. Cheapest Free Zones in UAE no more difficult for your own growth.
In addition to processing your license application, MARKEF can help you create corporate bank accounts and advise you on the best financial institution for your unique needs. We also provide visa and immigration services and can take care of all government procedures, approvals, work permits, and visa applications needed to conduct business in Dubai, United Arab Emirates. Our specialists can set up your company, apply for licenses and visas, and handle all the administrative work, so you can focus on operating your business.
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