Cheapest free zone in UAE
The UAE has become a perfect place for startup entrepreneurs and foreign investors to open their new businesses. The main reasons for choosing Dubai to set up a new company include the ease in obtaining business licensing, friendly business policies, great tax advantages and more. As well, existing companies are choosing Dubai as the base from which to expand their business in the MENA region (Middle East and North Africa).
International investors can now set up their companies in free trade zones. The most important feature of company setup in a UAE free zone is the opportunity for providing a range of company formation options. Free zones like IFZA in Dubai offer investors a great commercial infrastructure which makes starting a business a lot easier.
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Which is the cheapest trade licence in the UAE?
The UAE has many free zones that offer cheap trade licences. With guidance from our team of specialists at GBO, we will take you through all the details of how to get the right business licence along with the requirements and all other relevant details.
The International Free Zone Authority (IFZA) is the cheapest free zone in Dubai. IFZA gives an investor a wide choice of commercial activities to engage in. It offers businesses first-class amenities and a great number of commercial infrastructures. It already serves as a hub for global trading firms whose operations depend on logistics. It is giving foreign investors over two thousand business activities to choose from for their operations.
Here at GBO, we can help you set up your UAE business with a virtual office for the first year in one of the inexpensive office spaces on the UAE mainland. Based on the needs of your budget and business requirements, you can also easily scale up your business scope with the services provided in this free zone.
Which is the cheapest free zone in the UAE?
Choosing the right free zone is the most important first step when you are setting up a business in the UAE. It’s important not to choose just on the basis of cost, because other factors will make a difference when it comes to the success of your enterprise. For example, the Sharjah free zone offers the cheapest trade licence in the UAE, but it requires a visa as well. Other specific documentation like the company’s Memorandum of Association, Business Activity Certificate and Certificate of Formation have to be drawn up as well, adding to the total cost. Also, only three specific business activities are permitted for the operations, and only five shareholders can hold a stake in the company.
International Free Zone Authority (IFZA) has become one of the most popular company centres in Dubai. You can get one of the cheapest licenses in the UAE when choosing IFZA.
IFZA has developed a global network of over 800 partners around the world.
- The main benefits of company formation in IFZA are:
- Many different specialised sectors for investors to choose from
- No requirement to submit annual audit reports
- Visas are available for up to 5 years visa for owners, and 3 years for employees
- Operations can be run from a virtual office
Another attractive free zone with facilities for high-tech business is the Dubai Silicon Oasis (DSO), which is the home to cutting-edge technology and development companies in Dubai that provide employment and residential amenities. There are already several international tech giants and telecommunication companies in Dubai Silicon Oasis.
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GBO is an official Dubai IFZA corporate services provider
What is the best free zone in the UAE?
The main benefits for companies in UAE to set up offshore operations are:
- 100% foreign ownership is allowed
- Exemption from all corporate and income taxation
- Full repatriation of the profits and capital is allowed
- Purchase of properties in approved areas of the Emirate is allowed
- No requirement to rent or purchase physical premises.
- Easy registration and documentation
- No annual audit required
- Low setup and operation costs
GBO is a registered agent and one of the top incorporators in Dubai, associated with IFZA. We have a team of experienced business consultants that is always ready to assist you with all aspects of business setup in the UAE.
Which is the cheapest trade licence in UAE?
In Dubai, the International Free Zone Authority (IFZA) has the cheapest trade licence in the UAE and requires a visa.
What is the cost of a trade licence in Dubai?
An offshore company licence in Dubai that can operate anywhere in the United Arab Emirates will cost between 7,000 to 10,000 euros. The cost will vary, depending on a number of factors, such as the free zone in which it is registered, the corporate structure (sole trader, partnership or LLC) etc.
Which is the cheapest free zone licence in the UAE 2023
The most important choice for an investor to make is whether the free zone suits the company’s needs, in terms of the areas of business you are allowed to operate in, the facilities offered by the free zone, the visa requirements and much more. In Dubai, there are more than 40 separate free zones, and the costs vary by hundreds of percent.