About Dubai, UAE
For decades, the UAE has been a popular location for ex-pats and investors. The UAE government is taking proactive measures to ensure that it remains an appealing and business-friendly location for ex-pats by implementing new regulations. One such regulation is the free zone visa procedure, which makes it easier for professionals and startups to take part in various business activities in the UAE.
The UAE government has launched a number of Freezones throughout the UAE, each geared for a certain commercial activity. Non-resident corporates can benefit from UAE free trade zones, which include the simplicity of single-window administration, no bureaucratic red tape, and 100% ownership with business setup in UAE free zone. Many free zones or authorities specialize in particular sectors or company types.
Benefits of Investing in a UAE Free Zone Company
There are many benefits of investing in a UAE free zone company. But the primary reason is that they offer tax benefits to investors. The government offers several incentives to encourage companies to invest in UAE free zones.
Some of the benefits of investing in a UAE free zone company are:
100% Foreign ownership and No Corporate tax in Freezones
Residency in the UAE
The UAE is home to more than 40 free zones, which have attracted 200,000 companies with foreign direct investment and boosted GDP growth. Some of the well-known ones from the seven emirates are listed here..
- Dubai Free Zone
Among a long list of Dubai Free Zones, some of the well-known free zones include Meydan Free Zone, Jebel Ali Free Zone (JAFZA), Dubai Airport Free Zone (DAFZA), Dubai International Financial Centre (DIFC), Dubai World Trade Center (DWTC), Dubai Media City (DMC), Dubai Silicon Oasis (DSO), Dubai Internet City (DIC), and Dubai Multi Commodities Centre (DMCC). - Abu Dhabi
Some well-known free zones in Abu Dhabi include the Abu Dhabi Airport Free Zone (ADAFZ), Abu Dhabi Global Markets (ADGM), Industrial City of Abu Dhabi, Masdar City Free Zone, Higher Corporation for Specialized Economic Zones (ZonesCorp), Khalifa Industrial Zone Abu Dhabi (KIZAD), and Khalifa Port and Industrial Zone (KPIZ). - Sharjah
Some of the well-known free zones in Sharjah include Sharjah Media City (Shams), Sharjah Airport International Free (SAIF), Sharjah Publishing City (SPC), and Sharjah Research Technology and Innovation Park (SRTIP). - Ajman
One of the least expensive free zones for business setup is Ajman Free Zone. - Fujairah
Fujairah is home to the International Free Zone Authority (IFZA) and the Fujairah Free Zone - Ras Al Khaimah
Some of the free zones in RAK are Ras Al Khaimah Investment Authority (RAKIA), Ras Al Khaimah Economic Zone (RAKEZ), Ras Al Khaimah Media Free Zone, and RAK Maritime City. - Umm Al Quwain
The only free zone in UAQ is Umm Al Quwain Free Trade Zone (UAQFTZ).
DMCC, JAFZA AND IFZA ARE THE TOP FREEZONE IN UAE
Conclusion
The free zone visa procedure makes it easier for professionals and startups to take part in various business activities in the UAE. Invest in a free zone company and enjoy the benefits of reduced taxes, easy access to capital, no minimum capital requirement, light-touch regulations for businesses, and boost to exports from the UAE. Invest in a free zone company and enjoy the benefits of no taxes, easy access to capital, no minimum capital requirement, light-touch regulations for businesses, and boost to exports from the UAE.
The free zone visa procedure makes it easier for professionals and startups to take part in various business activities in the UAE.