Cheapest free zone in UAE – The United Arab Emirates offers several free zones with competitive pricing for business setup in UAE, and the cheapest one depends on the specific needs and requirements of the business. However, some of the cost-effective options include Dubai South Free Zone, Ajman Free Zone, and Dubai Silicon Oasis.

UAE is a hub of economic activity and a favored destination for entrepreneurs and businesses looking to set up company in the Middle East. The country has a number of free zones that offer a range of benefits to businesses, including tax exemptions, 100% foreign ownership, and streamlined company registration procedures. However, setting up a business in UAE freezones can be costly. Therefore, Khairallah’s lawyers will highlight the cheapest free zone in UAE and what it has to offer.

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Which is the Cheapest Free Zone in UAE?

 

1. Umm Al Quwain Free Trade Zone (UAQ FTZ): 

UAQ FTZ is considered the cheapest Free Zone in the UAE due to its low setup and operational costs, as well as the affordable packages it offers for businesses of all sizes. Since its establishment in 2014, the Umm Al Quwain Free Trade Zone has operated independently. In the upcoming years, UAQ Free Zone is anticipated to experience rapid popularity due to its inexpensive company setup packages.

2. Ajman Free Zone (AFZ): 

AFZ is located in the Emirate of Ajman and offers affordable packages for businesses looking to set up in the UAE. the investor can establish different commercial operations linked to project management, services, and consulting. The free zone also assists in the formation of enterprises in the industrial sector that provide waste management, transportation services, and IT infrastructure.

3. Dubai South (formerly Dubai World Central): 

Dubai South is the cheapest license in Dubai, it is located in the southern part of Dubai and offers a range of affordable packages for businesses of all sizes. The Free Zone offers 100% foreign ownership, zero personal and corporate tax, and a range of business activities.

4. Sharjah Media City (SHAMS): 

Sharjah Media City Free Zone, located in the Emirates of Sharjah, is the cheapest free zone in UAE. A media license is available through SHAMS Free Zone for AED 5,800, while a basic trade license costs AED 8,050. The Flexi-Desk feature is available to investors for usage in up to three relevant business activities for a small monthly charge.

Shams free zone Free Trade Zones with the quickest growth in Sharjah Media City. The benefits of this Free Zone include inexpensive business licenses and Visas.

5. Ras Al Khaimah Economic Zone (RAKEZ): 

RAKEZ is one of the most cost-effective and best free zone in uae, offering packages starting from AED 6,200 per year. The free zone is located in the northern emirate of Ras Al Khaimah and provides a variety of benefits as well as provides first-rate services, contemporary amenities, and budget-friendly company setup solutions. It features modern infrastructure and high-tech facilities for the expansion and development of the industry. moreover, RAKEZ provides a simple, quick company creation process and a welcoming atmosphere for investors.

6. Fujairah Free Zone (FFZ): 

FFZ is the best free zone in UAE, it is located in the Emirate of Fujairah and offers affordable packages for businesses looking to set up in the UAE. The Free Zone offers 100% foreign ownership, zero personal and corporate tax, and a range of business activities.

7. Hamriyah Free Zone (HFZ): 

Hamriyah Free Zone (HFZ) is one of the leading free zones in the United Arab Emirates (UAE) located in the emirate of Sharjah. It was established in 1995 and is spread over an area of approximately 26 million square meters. The free zone offers a wide range of business activities, including manufacturing, trading, and service sectors, and provides various incentives to businesses.

8. Abu Dhabi Airport Free Zone (ADAFZ): 

ADAFZ is located in the Emirate of Abu Dhabi and offers affordable packages for businesses looking to set up in the UAE. it is home to an extensive variety of commercial infrastructure, including office spaces, warehouses, commercial offices, fully equipped offices, and more. The Free Zone is one of the greatest places for international investors to establish their business because of its close proximity to the Abu Dhabi International Airport. most Abu Dhabi free zone license costs around  AED 19,999. 

9. Dubai Airport Free Zone (DAFZA):

The cheapest freezone dubai is DAFZA, it is located in the Emirate of Dubai and offers affordable packages for businesses of all sizes offering the cheapest trade license in Dubai. 

The Dubai Free Zone License cost between AED 10,000 to AED 50,000 annually. the Dubai Free Zone licenses generally must be renewed every one to three years, but this depends on the Free Zone and licenses you select. Licenses include Trading, Service, and Industrial.

10. Dubai Silicon Oasis (DSO): 

DSO (Free trade Zone Dubai) is the Cheapest free zone Dubai, it is located in the Emirate of Dubai and offers affordable packages for businesses looking to set up in the technology sector. The Free Zone offers 100% foreign ownership, zero personal and corporate tax, and a range of business activities. moreover, it is considered the cheapest license in UAE with visa.

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11. Fujairah Creative City

Fujairah Creative City is located in the emirate of Fujairah and offers business setup packages starting from AED 11,500 per year. The free zone is designed to cater to the media, entertainment, and creative industries, and offers a range of benefits, such as 100% foreign ownership, no corporate or personal income taxes, and a simplified company setup process.

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Benefits of Starting a Business free zone in UAE

The UAE is home to over 40 free zones, each with its unique features and advantages. These free zones are spread across the country, with most of them located in Dubai and Abu Dhabi. Free zones in UAE are designed to promote foreign investment and boost the country’s economy. They offer a range of benefits to businesses:

1. 100% foreign ownership – One of the biggest advantages of setting up a business in a UAE free zone is that foreign investors can own 100% of their company, without the need for a local sponsor.
2. Tax exemptions – dubai free zone established are typically exempt from corporate and personal income taxes, making it an attractive location for companies looking to save on taxes.
3. Easy company setup process – Setting up a business free zone in UAE is a streamlined process, with minimal paperwork and speedy company registration.
4. Access to world-class infrastructure – Dubai free zones offer state-of-the-art infrastructure, including modern office buildings, warehouses, and logistics facilities.
5. Proximity to key markets – The UAE is strategically located between Europe, Asia, and Africa, making it an ideal location for businesses looking to access these key markets.

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What is the cheapest trade license in UAE?

Trade License Cost	Free Zones
11,900 AED	Dubai Silicon Oasis – IFZA
11,440 AED	RAKEZ
4000 – 10,000 AED	Sharjah media city
10,000 – 12,000 AED	Ras al Khaimah
12,500 AED	Meydan Free Zone
12,000 – 14,000 AED	Jebel Ali (JAFZA)

According to our lawyers, DSO-IFZA is the cheapest free zone in Dubai, with business license prices beginning at AED 11,900. Investors may easily expand their businesses in the UAE with the help of the IFZA Free Zone in Dubai. The Free Zone’s location in Dubai offers investors a number of benefits in terms of company operations.

conclusion 

In general, UAE Free Zones are considered affordable due to their low setup and operational costs, which include registration fees, licensing fees, and other essential services. Additionally, they offer 100% foreign ownership, zero personal and corporate tax, and no customs duty, making them attractive for businesses looking to set up in UAE.

It is important to note that the cost of setting up a business in a Free Zone depends on several factors, such as the type of business activity, the size of the business, and the chosen package. For more information, you can contact our best lawyers to have the best law firm services in dubai.