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WHY SET UP YOUR BUSINESS IN A FREE ZONE?

Whenever deciding on a Freezone, business owners should be aware of what Freezones may provide. There are numerous advantages for foreigners to obtain the cheapest free zone license in UAE 2022. Here are the top five advantages of establishing a business in a Freezone:

Full ownership rights are one of the most appealing advantages of founding a business in a free zone. An investor in a free zone can enjoy 100% ownership without the assistance of a UAE sponsor.

One of the most obvious reasons to establish a corporation in the UAE is the tax policy. You may get the cheapest free zone license in Dubai since free zones exempt you from all personal and corporate taxes.

Obtaining a free zone license in Dubai is a simple process. However, the specific process of forming a corporation may vary depending on the type of business operations you choose. However, in most circumstances, minimal documents and paperwork will suffice to get you started.

The UAE jurisdiction exempts business owners from paying import and export duties, and there are no currency regulatory limits. Currency exchange flexibility facilitates financial transactions.

The UAE government is particularly friendly and receptive to new-age investors, thanks to its strong infrastructure. The officials of the free zones assist new firms in obtaining a free zone license in Dubai and subsequently.

Due to the multitude of benefits they provide, free zones are becoming a popular alternative for investors. When choosing the cheapest free zone in UAE 2022, it is critical to research where they are located and the benefits they provide. These are the top four free zones that are comparatively cheap and provide comparable economic benefits to the other free zones.

AJMAN MEDIA CITY (AMC)

Ajman Media City is a fresh new investment location in the UAE that offers an incredibly rapid and easy company establishment process. This free zone draws enterprises from all around the world by providing simple and low-cost services. AMC encompasses a wide range of media and entertainment activities. It also provides Flexi-desks and tiny collaborative workspaces. This free zone makes it a suitable location for small and medium-sized business owners to establish their operations. AMC is known as one of the cheapest free zones in the UAE, with trade licenses beginning at AED 8500. AMC permits various trading operations in addition to media-related activities. The majority of company activity will fall into the following categories:

• • Service and Consultancy
• • Media-related training
• • E-commerce.

2. Sharjah Media City free zone (SHAMS)

SHAMS, the UAE's fastest-growing media-free zone, is home to some of the world's largest firms and corporations. Sharjah promotes a dynamic and expanding environment for aspiring businesses. Having said that, SHAMS is presently one of the best free zones for both new and established firms. SHAMS provides a diverse range of commercial services. Despite the name, the company's operations are not limited to the media industry. Per license, you can carry out various business operations. SHAMS provides the following categories of business licenses:

• • Trading
• • Professional
• • Holding and other types
• • Social media influencer

This free zone is great for anyone who wishes to start a business remotely without needing to travel to the UAE.

3. Raz Al Khaimah free Zone (RAKEZ)

RAKEZ is another jurisdiction that offers one of the lowest free zone permits in UAE 2022. This free zone now contains over 14k firms in over 50 specialist areas. Because of its closeness to RAK airport and seaport, this free zone is an appealing alternative for ambitious enterprises. RAK is well-known for its adaptable warehouse solutions. Depending on your company’s needs, you may select between small, medium, and large warehouses. It also has easily available personnel and labor accommodations. The following sections cover the widest range of business operations in the UAE:

• • Commercial
• • Service
• • Industrial
• • Media
• • Educational
• • Professional

Starting a business is both inexpensive and rapid. Within a week, a firm may be founded.

4. International Free zone Authority, Dubai (IFZA)

IFZA is a competitive free zone in the UAE, located in the Silicon Oasis Area of Dubai. It provides a wide range of low-cost company formation options, making it one of the most affordable free zones in the UAE for establishing a business. The spectrum of commercial activities permitted in this free zone is determined by the Dubai Department of Economic Development. A single license allows you to pick up to seven activities. The following licenses are available in the IFZA free zone

• • Consulting
• • Service
• • Trading

Establishing a firm in IFZA might reduce your company's capital needs and yearly audit fees. Another benefit of establishing a business in IFZA is that you may have your office, warehouse, and residential apartment all on the same property.

Conclusion

Government measures have made it considerably simpler to establish a business in the UAE. However, a previous understanding of free zones and the license application procedure is essential before beginning your search for the lowest free zone license in Dubai. Invest your time with Helen and Sons' dependable business setup professionals to gain long-term earnings and growth, and experience hassle-free incorporation.