We will assist you to Set up your new business in the Dubai free zone
The United Arab Emirates is the ideal corporate capital for the establishment of a new company with various advantages like zero corporate tax rates. Out of all the emirates, Dubai has proven popular, especially comparing the benefits it can provide in dealings with other emirates.
To start a new business in the free zone areas of Dubai, you can have a choice between 40 Free Zones for foreign investors.
Our team of corporate service experts here at GBO will assist you in all the necessary steps to create the cheapest business setup in a Dubai free zone, including processing applications for investors’ and employees’ visas and negotiations for the opening of corporate bank accounts with banks .
Setup your Dubai company with GBO’s Dubai experts
If you need a specific free zone in Dubai and this is a region that requires special advice, it could be a free zone in a specific geographical area of the emirate. This means each free zone caters for specific business types.
Dubai, in the UAE, has some areas where free zones can offer more benefits, such as 100% company ownership for foreigners. This should be compared with UAE laws, which sets the requirements for a local partner owning 51% of the capital
There are more than 40 free zones that are available for foreign investors who are looking to set up a new company in Dubai. With our help, based on the information in the table below, you can make a choice. We are listing some of the cheapest free zones in Dubai and the list includes the top 4 cheapest free zones in the UAE.
You should talk to our expert team here at GBO to get more information about how you can choose a free zone that will suit your own specific business needs.
|IFZA||The International Free Zone Authority has one of the cheapest licences in the UAE as a whole, not just in Dubai. It is the most popular general-purpose free zone for company registrations in Dubai.|
|JAFZA||Jebel Ali Free Zone is another general-purpose free zone and is one of the largest free zones in the world. Businesses engaged in commodity trading, shipping and logistics will find that JAFZA can offer the right business licence to carry out their line of business.|
|DHC||Dubai Healthcare Cityis the first medical free zone in the world and is supervised by the Dubai Healthcare City Authority. Companies providing all healthcare-related services, like institutes, clinics, education in pharmaceuticals, trading in medical equipment etc. It offers the cheapest trade licence in Dubai for companies looking to open an operation in the healthcare sector..
|DMC||Dubai Media City caters for media businesses. It offers a global media hub to operate from both inside and outside Dubai. The DMC licence is the cheapest free zone licence in Dubai for media companies.|
|DSO||Dubai Silicon Oasis is the home for telecommunication and high-tech companies in Dubai. It comes out as being one of the top 4 cheapest free zones in the UAE.
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After you have made your decision on which free zone is right for you, you should talk to our team of experts here at GBO who can take you step-by-step through the necessary procedures, which will include:
- Setting up a company with the business activity you want to carry out in DUBAI.
- Create a company with the desired corporate structure for your company.
- Choose a trading name that follows the naming rules set by the Dubai government.
- Prepare and submit all of the required documents.
- Submit the application for the license to register your new business in the cheapest free zone.
- Choose the required office or warehouse space from which you will run your business.
- Choose your bank (any corporate bank in the UAE) and open an account.
The choice you make of which one represents the cheapest free zone licence in Dubai for you shouldn’t be made on the price alone, because some of the free zones are geared to one or more specific areas of business. Choosing purely on the basis of price can lead you to make the wrong choice.
Some of the free zones in the table are both the cheapest free zones in Dubai in their specialist areas, as well as their position in the overall potential in the UAE.
Cheapest free zone in UAE
There are several free zones in the United Arab Emirates (UAE) that offer relatively low setup and operational costs for businesses. Here are a few options to consider:
- Ras Al Khaimah Free Trade Zone (RAK FTZ): This free zone is located in the emirate of Ras Al Khaimah and offers a range of benefits for businesses, including low setup and operational costs, 100% foreign ownership, and a business-friendly environment.
- Ajman Free Zone (AFZ): This free zone is located in the emirate of Ajman and offers a range of benefits for businesses, including low setup and operational costs, 100% foreign ownership, and a wide range of industries and sectors.
- Fujairah Creative City (FCC): This free zone is located in the emirate of Fujairah and offers a range of benefits for businesses, including low setup and operational costs, 100% foreign ownership, and a range of business sectors.
It’s worth noting that while these free zones may offer relatively low setup and operational costs, it’s important to consider other factors such as location, infrastructure, and the availability of skilled labor when choosing a free zone to set up your business.
There are several reasons why businesses may choose to establish a presence in a free zone in Dubai:
100% foreign ownership: Free zones in Dubai allow foreign companies to own 100% of their business, making it an attractive option for companies looking to enter the UAE market.
Tax benefits: Free zones in Dubai offer a range of tax benefits, including exemptions from corporate and personal income taxes, as well as customs duties.
Business-friendly environment: Free zones in Dubai offer a business-friendly environment with streamlined processes for setting up and running a business, as well as access to a range of business support services.
Access to global markets: Dubai’s strategic location and excellent infrastructure make it an ideal gateway to the Middle East, Africa, and South Asia, making it an attractive option for companies looking to access these markets.
Skilled labor: Dubai has a large pool of skilled and educated labor, making it an attractive option for companies looking to hire top talent.
Overall, establishing a presence in a free zone in Dubai can be a valuable strategy for businesses looking to enter the UAE market and access new markets in the Middle East, Africa, and South Asia.