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The UAE has established itself as the global business hub attracting talent from across the globe. With favorable government policies, a stable economy, and infrastructure UAE’s global business status has thrived exponentially.
If you are a small business owner or entrepreneur planning to start a business in the UAE, establishing your business in the free zone is your best option. Here are the top 10 best free zones where you can set up business in UAE.
The Dubai International Financial Centre (DIFC) offers an exceptionally advantageous legal framework, positioning itself as a hub that strongly supports cross-border activities. It extends the privilege of 100% business ownership to expatriates and imposes no restrictions on hiring foreign talent or employees, making it a highly attractive destination for international business ventures.
Moreover, DIFC enables restriction-free capital repatriation, providing businesses with financial flexibility and freedom.
DMCC stands out as one of the UAE's fastest-growing Free Zones, offering a multitude of advantages for businesses and entrepreneurs. With a strong focus on cost efficiency, company registration in DMCC is not only accessible but also streamlined, allowing for swift market entry. A single DMCC license stands as proof of its versatility, covering up to 6 activities within the same group, and simplifying business operations.
The Abu Dhabi Global Market (ADGM) is a thriving business ecosystem that offers a host of compelling advantages. It stands out as an exceptional destination for businesses and investors due to its commitment to facilitating cross-border activities and promoting economic growth. ADGM allows for 100% foreign ownership and extends a remarkable 50-year renewable concession of 0% corporate tax, setting the stage for long-term financial benefits. Moreover, businesses operating within ADGM can repatriate their capital without any restrictions and enjoy the added perks of 0% import or re-export duties, contributing to a conducive business environment.
The economic powerhouse, Jebel Ali Free Zone (JAFZA) offers a wealth of possibilities that make it the best location for your company. With a commitment to facilitating global commerce, JAFZA allows for 100% foreign ownership, providing businesses with unprecedented control over their activities. A renewable concession of 0% corporate tax for 50 years ensures long-term financial benefits, and there are no limitations on enterprises' ability to return their wealth.
Under the visionary concept of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the Meydan Free Zone presents an enticing opportunity for aspiring entrepreneurs. It offers a host of benefits, including affordable pricing, a premium location, and flexible visa options, making it a preferred choice for business ventures. Among its successful, low-cost business options are e-commerce, general trading, management consultancy, and digital marketing.
Establishing businesses in the UAE has become easier and more convenient with free zones. Set up your dream business in UAE with the help of the best consultation services.
For any enquiries or information, contact ask@tlr.ae or call us on +971 52 644 3004. Follow The Law Reporters on WhatsApp Channels.
