The United Arab Emirates (UAE) hosts numerous free zones, each designed to attract foreign investments by offering various incentives such as 100% foreign ownership, tax exemptions, and streamlined processes for setting up businesses. Here is a list of some of the prominent free zones and their authorities across the UAE:
Dubai
Jebel Ali Free Zone Authority (JAFZA)
- Industries: Logistics, manufacturing, trade
- Website: JAFZA
Dubai Multi Commodities Centre (DMCC)
- Industries: Commodities trade, financial services, technology
- Website: DMCC
Dubai Silicon Oasis Authority (DSOA)
- Industries: Technology, RD, IT
- Website: DSOA
Dubai Airport Freezone Authority (DAFZA)
- Industries: Aviation, logistics, trading
- Website: DAFZA
Dubai International Financial Centre (DIFC)
- Industries: Financial services, banking, insurance
- Website: DIFC
Dubai Internet City (DIC)
- Industries: Information technology, internet services, e-commerce
- Website: DIC
Dubai Media City (DMC)
- Industries: Media, advertising, broadcasting
- Website: DMC
Dubai South
- Industries: Aviation, logistics, exhibition
- Website: Dubai South
Abu Dhabi
Khalifa Industrial Zone Abu Dhabi (KIZAD)
- Industries: Manufacturing, logistics, trade
- Website: KIZAD
Abu Dhabi Global Market (ADGM)
- Industries: Financial services, banking, insurance
- Website: ADGM
twofour54
- Industries: Media, entertainment, content creation
- Website: twofour54
Masdar City Free Zone
- Industries: Renewable energy, clean technology
- Website: Masdar City
Sharjah
Hamriyah Free Zone Authority (HFZA)
- Industries: Industrial, trade, manufacturing
- Website: HFZA
Sharjah Airport International Free Zone (SAIF Zone)
- Industries: Logistics, trading, manufacturing
- Website: SAIF Zone
Ras Al Khaimah
- Ras Al Khaimah Economic Zone (RAKEZ)
- Industries: Manufacturing, trading, services
- Website: RAKEZ
Fujairah
Fujairah Free Zone Authority (FFZA)
- Industries: Trade, logistics, manufacturing
- Website: FFZA
Fujairah Creative City
- Industries: Media, advertising, technology
- Website: Fujairah Creative City
Ajman
- Ajman Free Zone Authority (AFZA)
- Industries: Trading, services, manufacturing
- Website: AFZA
Umm Al Quwain
- Umm Al Quwain Free Trade Zone (UAQ FTZ)
- Industries: Trading, manufacturing, services
- Website: UAQ FTZ
Key Benefits of UAE Free Zones
- 100% Foreign Ownership: Foreign investors can fully own their businesses.
- Tax Benefits: Exemptions from corporate and personal income taxes.
- Repatriation: Full repatriation of profits and capital.
- Customs Benefits: Exemption from import and export duties.
- Simplified Procedures: Streamlined registration, licensing, and administrative processes.
Steps to Establish a Business in a Free Zone
- Choose the Free Zone: Select a free zone that aligns with your business activities.
- Determine the Legal Structure: Decide on the type of business entity (e.g., Free Zone Establishment, Free Zone Company, Branch of a Foreign Company).
- Submit Application: Complete the application form and submit it along with the necessary documents.
- Obtain Licenses: Secure the required business licenses based on your activities.
- Lease Office Space: Rent office or warehouse space as per free zone regulations.
- Visa Processing: Apply for visas for employees and investors.
In conclusion, the UAE's free zones offer a favorable environment for businesses to thrive, providing various incentives and a business-friendly regulatory framework.