Currently, the United Arab Emirates is the main destination for investors and entrepreneurs around the world. This is because its economy is constantly evolving and growing. All the important advances provide entrepreneurs with opportunities to prosper their businesses. Furthermore, this is a country that provides many opportunities for the business community. All due to its famous free zones in UAE.
In this article, you will see all the information that every good businessman should know about free zones in the UAE. In this country, there are three main jurisdictions where you can develop your company. These are mainland, free zones, and offshore. Generally, the most recommended of all are the free zones and here you will see why. In addition, we will show you the list of free zones in UAE so that you can choose the best one depending on your needs.
- Do you know what is a free zone in UAE?
- What is the list of Dubai free zones?
- What are the free zones that you can find in Abu Dhabi?
- Learn the Ajman free zone companies list
- Do you know which is the Fujairah free zone companies list?
- What are the free zones that you can find in Umm Al Quwain?
- Know which free zones exist in Sharjah
- What are the free zones belonging to Ras Al Khaimah?
1. Do you know what is a free zone in UAE?
The free zones in the UAE are well known for being a great investment opportunity for any foreigner. Therefore, when we define a free zone or free trade zones in the UAE, it is done by referring to them as trade areas. In this way, they accelerate the path in a fluid and strategic way so that goods and services are marketed without taxes and customs fees.
If you are a person who wants to be an entrepreneur, you should know that the free zones in the UAE have a set of advantages for multiple reasons. Furthermore, all entrepreneurs can enjoy the privilege of having full ownership of their businesses. On the other hand, there is a very profitable incorporation and export and import that is tax-free.
If you want to immigrate to Dubai, having a UAE residence visa allows entrepreneurs to be eligible to open a bank account. In addition, there are free zones in each emirate, thus reaching a total of 45 throughout the region. Each free zone has various commercial activities and independent jurisdiction.
Most of these are zones that are in charge of stipulating specific commercial activities within the free zone. In this way, the free zones will offer you a particular advisory service.
2. What is the list of Dubai free zones?
As mentioned above, all the emirates have free zones. Therefore, we will find the free zone Dubai, which is more than 28 than currently operates. In this way, we will present these different areas in Dubai below.
2.1 The International Free Zones Authority or IZFA
This is one of the free zones that offer the lowest costs for the installation of new businesses. Also, it offers an e-commerce license and there is no physical office requirement. In this way, they provide you with an office in a virtual way.
2.2 The Dubai Multi Commodity Center or DMCC
It is the free zone that was named number 1 in the world by the famous fDi magazine Financial Times. You found that this is one of the two free zones where crypto-commodity trading is allowed. In addition, it offers you a double license that allows you to carry out up to 6 activities while under the same group.
2.3 Dubai Airport Free Zone or DAFZA
It is qualified as one of the best economic zones in the country and offers a double license. In this area, you will find a wide variety of facilities ranging from a flexi-desk to storage. In addition, this zone offers an e-commerce license.
2.4 The Dubai Auto Zone or DAZ
This area is the most complete market worldwide for the entire automotive industry. In addition, it is the ideal area for the export, import, and maintenance of automobiles.
2.5 The Dubai Automobile and Automotive Zone or DUCAMZ
It is the largest free zone dedicated to different used cars. In this way, it offers different facilities options, which range from office spaces to exhibition rooms.
2.6 The Dubai Design District or D3
It is the first and largest design district in the region and is dedicated to the fashion, design, and art industries. In addition, it is part of the TECOM group and can issue autonomous permits.
2.7 The Dubai Flower Center or DFC
It is a hub for the floriculture industry and has the best cold chain management in the world.
2.8 The Gold and Diamond Park or DGDP
This is the largest free zone that is special for the business of gold and diamonds. In addition, it offers an e-commerce license.
2.9 Dubai Health City DHCC
It is the largest healthcare-free zone in the region.
2.10 The Dubai Industrial City or DIC
It is one of the largest industrial centers in Dubai and is part of the TECOM group. Furthermore, this area is home to many global multinationals such as Facebook and Linked.
2.11 Dubai International Academic City or DIAC
It is known for being the largest higher education-free zone in the world. In addition to this, it is capable of issuing autonomous permits and is part of the TECOM group.
2.12 The Dubai International Financial Center or DIFC
This area has become a rapidly growing international financial center. Unlike the other jurisdictions, English law is followed here rather than Sharia law. He is well-known thanks to his stock trading.
2.13 Other free zones of Dubai
- Dubai Internet City or DIC.
- Dubai Knowledge Park or DKP.
- DLC or Dubai Logistics City.
- Dubai Maritime City Authority or DMCA.
- Dubai Media City or DMC.
- Outsourced City of Dubai or DOC.
- Dubai Science Park or DSP
- Dubai Silicon Oasis Authority or DSOA.
- Energy and Environment Park or Enpark.
- Dubai Studio City or DSC.
- Dubai Technology Park or DTP.
- International Humanitarian City or IHC.
- Dubai Textile City DTC.
- Jebel Ali Free Zone Authority or JAFZA.
- Dubai Production City or DPC
- Dubai Wholesale City.
All these areas offer many advantages for those who decide to live in them or start a new business. In this way, a good average cost of living in Dubai is a result of the great advantages of these important areas.
3. What are the free zones that you can find in Abu Dhabi?
Previously, you saw a lot of the UAE free zones, which are in Dubai. In this section, you will see the Abu Dhabi free zones; which within all Abu Dhabi zones and sectors are the most requested by businessmen.
3.1 Abu Dhabi Global Market (ADGM)
The first free zone in Abu Dhabi is Abu Dhabi Global Market (ADGM). ADGM is an award-winning financial center, located on Al Maryah Island in Abu Dhabi. This free zone was created in 2013 by the city’s chamber of commerce, but its proper functioning began in 2015.
3.2 Khalifa Industrial Zone Abu Dhabi (KIZAD)
This is one of the best-known free zones on the list of free zones in UAE, for being one of the cheapest in the country and Abu Dhabi. It has one of the highest-quality warehouses in the UAE. In addition, it allows entrepreneurs to carry out a maximum of five commercial activities that are similar to each other.
3.3 Twofour54
This free zone is well known for being a media and entertainment center that operates several production facilities. In it, you can find different media and freelance companies. That is, you can work as a freelancer at twofour54 and in Dubai. Worldwide it is well known for being the home of many important Hollywood productions. In addition, it allows you to apply for a freelance license and a freelance visa.
3.4 Industrial City Abu Dhabi (ICAD)
It is a highly valued free zone for being highly technologically advanced. In addition, it contains 5 clusters that are responsible for serving different industries.
3.5 ZonesCorp Abu Dhabi
In this free zone, you can find more than 600 different companies that include some very well-known ones. It is known as the Superior Corporation for Specialized Economic Zones, mostly called ZonesCorp. In addition, it is characterized by being the largest operator of purpose-built industrial zones in the UAE.
3.6 Masdar City Free Zone
This is a free zone where all technology-based companies specializing in renewable energy and sustainable development are located. It was recognized by the Financial Times fDi Magazine in 2016 for being the best free zone for renewable energy.
4. Learn the Ajman free zone companies list
The emirate Ajman only has two free zones, which are:
4.1 Ajman Media City Free Zone (AMCFZ)
This is a free zone that is highly requested by investors because it offers different packages so that they can choose one of their choices. That is, you have the opportunity to obtain a property investor visa. Also, you have the option to opt for an e-commerce license.
4.2 Ajman Free Zone (AFZ)
The most important feature of this free zone is that it is the oldest in the UAE. AFZ offers a variety of facilities, of all prices and sizes. Also, you can apply for a freelance visa Dubai.
5. Do you know which is the Fujairah free zone companies list?
5.1 Fujairah Free Zone (FFZA)
The main thing about this free zone is that it has access to the Indian Ocean. In addition, it has the largest amount of space for oil storage in GCC. You can obtain an e-commerce license.
5.2 Creative City Free Zone Authority
Investors look for this free zone because they can obtain around 20 visas with a trade license. Among them, is the employment visa.
6. What are the free zones that you can find in Umm Al Quwain?
The Umm Al Quwain emirate only has one free zone, which is the Umm Al Quwain Free Trade Zone (UAQ FTZ).
7. Know which free zones that exist in Sharjah
There are different free zones in Sharjah:
- Sharjah Media City (Shams)
- Sharjah Airport International Free Zone (SAIF)
- Hamriyah Free Zone (HFZA)
- Sharjah Publishing City Free Zone (SPCFZ)
- Sharjah Research Technology and Innovation Park (SRTIP)
8. What are the free zones belonging to Ras Al Khaimah?
The last free zones in UAE are those of Ras Al Khaimah.
8.1 Ras Al Khaimah Economic Zone (RAKEZ)
It is one of the largest free zones in the UAE. It is highly popular because it is very close to the ports and RAK airport.
8.2 RAK Maritime City (RAKMC)
Its main characteristic is that it is one of the most progressive centers in the entire Middle East.
As you can see, there are many free zones in the UAE, which can represent many opportunities for entrepreneurs. And not only for those who want to invest in freelancers as well. Being a freelance gives many advantages to people. If you want to be part of that group of individuals, the best thing you can do is contact Connect Freelance. We have two ways of contact by phone at +971 43 316 688 or by email at contact@connectfreelance.ae.
Currently, there are many Dubai free zones and free zones in the UAE, which contain many prestigious companies. These companies are constantly looking for professional staff. If you want to be part of any of these companies, your best option is to enter The Talent Point. You can enter our portal and choose the job offers of your choice. Or send us an email at contact@thetalentpoint.com.