November 21, 2023

The United Arab Emirates (UAE) is known for its business-friendly environment, and the establishment of freezones is one of the ways the country has encouraged foreign investment. Freezones are designated areas where foreign companies can set up businesses with 100% ownership and zero taxes. These zones have been created to attract foreign investment and boost the country’s economy.

As per the Ministry of Economy there are more than 40 Freezones currently operational in UAE. Freezones in the UAE are managed by different authorities, including the Dubai Airport Freezone Authority (DAFZA), the Jebel Ali Freezone Authority (JAFZA), and the Ras Al Khaimah Free Trade Zone Authority (RAKFTZ). Each freezone has its own set of rules and regulations, and they offer various benefits to investors, such as:

  • 100% foreign ownership
  • 100% repatriation of capital and profits
  • Zero corporate and personal income tax
  • Customs duty exemption
  • Easy business setup procedures
  • Modern infrastructure and facilities

Setting up a business in a freezone is a straightforward process, and it can be done within a few days. The first step is to choose the right freezone for your business, based on the activities you plan to carry out and the location that suits you best. Once you have selected the freezone, you will need to apply for a business license, which will allow you to conduct your chosen activities. You will also need to rent office space or a warehouse, depending on the nature of your business.

In conclusion, freezones in the UAE offer a unique opportunity for foreign investors to set up their businesses with ease and benefit from a range of incentives. With the country’s strategic location, world-class infrastructure, and dynamic business environment, the UAE is a prime location for businesses looking to expand into the Middle East and beyond.

These tasks of registering a business might look very time taking, but we The SNI Zone are here to give you a stress free choice, we take your hassle and make it our hustle. You don’t need to worry about anything regarding the process, we have a team of experts that is always there to assist you. Contact us to get your process started.