Top 10 Cheapest Free Zones in UAE
According to the World Bank’s Ease of Doing Business 2020 report, the United Arab Emirates (UAE) is Ranked 16th in the world to start a business. When looking for a place to set up shop, it’s hard to beat the United Arab Emirates (UAE) in terms of its advantages, including the world’s cheapest Free Zones in UAE.
Numerous domestic and international investors go there because of the country’s central position and 0% tax rate. The atmosphere in the United Arab Emirates (UAE) is ideal for the fast expansion of enterprises of all kinds.
The so-called “Free Zones” of the United Arab Emirates are a key factor in the country’s fast transformation into a global hub for trade and business. Rapid economic growth in the UAE has boosted interest in tax-free zones.
The United Arab Emirates (UAE) attracts investors from throughout the globe due to its relatively inexpensive Free Zones. In the United Arab Emirates, investors may take advantage of a plethora of Free Zones that provide superior infrastructure, cheap trade licenses, and helpful services for their companies. Over forty-five Free Zones compete in the United Arab Emirates to provide the least expensive Free Zone licenses. The investors may choose the cheapest Free Zones in UAE for their needs.
Keep reading to find out all there is to know about the cheapest Free Zones in UAE, and choose the one that will enable you to launch your business with the fewest expenses this year.
Top 10 Cheapest Free Zones in UAE
It is essential that you establish a shop in a tax-Freezone, as this will provide your company with the greatest possibility of success and put it in the best possible position for expansion.
Let’s have a look at the Free Zones that comes highly recommended by our team as being the most cost-effective option, as well as the great advantages that it provides for an extremely affordable price.
1. International Freezone Authority (IFZA)
International Freezone Authority (IFZA) has become one of the most important centers for the registration of companies in the UAE as a result of its rising popularity. Through the course of its existence, IFZA has developed into a robust platform that boasts an enormous worldwide network consisting of more than 800 partners located all over the globe. The most advantageous aspect of selecting IFZA is that it will enable you to get the least expensive license possible inside the UAE.
How Much Investment Is Required to Start a Business in IFZA?
The first investment required to establish a business in IFZA Dubai begins at AED 13,900 for a Zero Visa Quota. For the price of AED 43,470 (which includes a three-year business license), investors may efficiently establish a company in IFZA. Because of the low overall cost of forming a business in IFZA, it is among the UAE’s Free Zones that offer the best value for money.
2. Ras Al Khaimah Economic Zone (RAKEZ)
Ras Al Khaimah Economic Zone (RAKEZ) is recognized for its adaptable storage solutions. Depending on the nature of your company, you may select between small, medium, and large warehouses. Additionally, it offers conveniently accessible personnel and labor accommodations.
How Much Investment Is Required to Start a Business in RAKEZ?
The rates are affordable, beginning at around 11,200 AED for a firm.
3. Sharjah Media City Free Zone (SHAMS)
Sharjah Media City Free Zone (SHAMS) is the most rapidly expanding media Free Zone in the United Arab Emirates, and it is home to several major corporations. Sharjah provides a dynamic and expanding environment for new business owners. As a result, nowadays, SHAMS is among the best Free Zones for both start-ups and long-established corporations.
How Much Investment Is Required to Start a Business in SHAMS?
For business activity, it costs between AED 10,000 and AED 12,000 to start a business at SHAMS.
4. Ajman Media City (AMC)
Ajman Media City is a new investment hotspot in the United Arab Emirates that provides a quick and straightforward company creation process. This Freezone attracts businesses from all over the world because it offers hassle-free and low-cost services. AMC embraces areas linked with both the media and entertainment sectors to a significant degree.
They also provide coworking spaces and “Flexi-desks” for people who want a more mobile office setup. Because of the zone’s tax-free status, it is an ideal location for entrepreneurs with small and medium-sized businesses.
How Much Investment Is Required to Start a Business in Ajman Media City?
- Business Club: AED 8500
- Bronze package: AED 11, 500
- Silver package: AED 14,500
- Gold package: AED 25,500
5. Jebel Ali Free Zone (JAFZA)
Jebel Ali Free Zone is one of the cheapest Free Zone to start a company in the United Arab Emirates and is the oldest Free Zone there. Moreover, JAFZA is one of the world’s biggest Free Zones. JAFZA is the best Freezone for logistics, commodities trading, and shipping enterprises to operate in the United Arab Emirates.
How Much Investment Is Required to Start a Business in JAFZA
There is no minimum investment needed.
6. Dubai Media City (DMC)
Dubai Media City is the place to be if you want to start a media company. It has a world-class infrastructure that helps businesses in and out of Dubai thrive, making Dubai a worldwide media center. Further, the DMC jurisdiction offers the most affordable UAE business license for media and creative businesses.
DMC is a Free Zone in the United Arab Emirates that has become a worldwide media center while being one of the most affordable options there. Numerous industries, including event planning, marketing, journalism, and public relations, call it home.
How much investment is required to start a business in DMC
There is a minimum share capital requirement of 50,000 AED for DMC Freezone firms.
7. Umm Al Quwain Free Trade Zone
Umm Al Quwain Free Trade Zone was established in 1987, but it did not become well recognized until 2014 when it restructured and began promoting its services. It is situated in the UAE’s smallest emirate, although it provides the same amenities as bigger Free Zones.
How Much Investment Is Required to Start a Business in UAQ Freezone
A business can be set up in UAQ over as low as 13,500 AED.
8. Khalifa Industrial Zone Abu Dhabi (KIZAD)
The Khalifa Industrial Zone (KIZAD) in Abu Dhabi is an ideal location for commercial enterprises in the wholesale, manufacturing, and distribution sectors. Having successfully established a new standard for industrial zone infrastructure in the UAE, KIZAD is an integral element of Abu Dhabi Economic Vision 2030.
When it comes to port-integrated industrial zones, KIZAD is presently at the top of the list as a major center for production, distribution, and commerce.
How Much Investment Is Required to Start a Business in (KIZAD)
A minimum of AED 150,000 in paid-up capital is required to register a limited liability company in KIZAD.
9. Dubai Silicon Oasis Authority (DSOA)
The Dubai Silicon Oasis is a large commercial and residential area, as well as a Freezone in Dubai. A number of information technology (IT), web-based, manufacturing, and R&D establishments call this area home.
There are fully furnished offices and apartments at the Dubai Digital Park, located in Dubai Silicon Oasis.
How Much Investment Is Required to Start a Business in DSOA
It ranges from 20,000- 30,000 AED.
10. Dubai Healthcare City (DHC)
If you’re looking to launch a company in the Middle East’s commercial and medical tourism hub, look no further than Dubai Healthcare City (DHC), where you’ll have direct access to custom-fitted facilities, modern offices, and the unparalleled opportunity to become part of an established, evolving, flourishing community of excellence.
How Much Investment Is Required to Start a Business in DHC
The investment roughly starts from 15,000 AED to set up a company in Dubai Health Care (DHC).
When deciding on the cheapest Free Zone in UAE, there are many things to consider. The cost of establishing a business is, however, the most critical consideration to take into account. As a result, in order to arrive at the best choice, a businessman has to do an exhaustive investigation into the relevant elements.
If you need help getting started, reach out to us at Airzone. Airzone can assist you in getting your business off the ground if you’re planning to launch one in Dubai or UAE.
We can guide you through the process of launching a business in UAE thanks to our experience and knowledge in the field. We’ll connect you with the right service providers to aid in the development of your enterprise in the United Arab Emirates.
You can get assistance from our dependable partners in Dubai & Across UAE and obtain the necessary trade licenses. We’ll put you in touch with the appropriate experts to handle anything from visa applications to crucial administrative tasks while you concentrate on growing your business.
If you want to learn more about how to set up a business in Dubai, we have a comprehensive guide for you. With a thorough understanding of the UAE’s business scene, you should be well prepared to establish a company in the country. If you need information regarding free zones, we have detailed guide articles on UAE Free Zones.