The United Arab Emirates (UAE) has many free zones with many perks and benefits on offer, designed to attract businesses from all over the world and help them establish themselves in the country. These benefits include 100% foreign ownership, 100% repatriation of profits, and 0% personal and corporate tax. In addition, businesses in free zones are exempt from import and export duties.
The UAE’s free zones are located in different emirates, each with its focus and amenities. To help you decide which free zone is best for your business, we’ve compiled a list of the 6 best free zones in the UAE.
International Free Zone Authority (IFZA)
International Free Zone Authority (IFZA) is a government-controlled organization that manages and regulates a designated “free zone” within a country. Free zones are areas within a country where businesses can operate with special economic incentives, such as reduced taxes and tariffs, and less government regulation. IFZA is responsible for issuing licenses and permits to businesses operating in the free zone, as well as enforcing regulations and ensuring compliance with laws and regulations. These free zones are usually located near ports or airports and are intended to attract foreign investment and promote international trade.
Benefits of International Free Zone Authority
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- Companies registered with the International Free Zone Authority (IFZA) are exempt from corporate and personal income taxes.
- IFZA allows for 100% foreign ownership of companies, with no requirement for a local sponsor.
- IFZA is located in the Emirate of Fujairah, providing easy access to regional and global markets through the Fujairah Port.
- IFZA offers a relaxed regulatory environment, making it easier to start and run a business.
- IFZA provides state-of-the-art facilities, including office spaces, warehouses, and dedicated trade zones.
- Setting up a company with IFZA involves streamlined processes, making it faster and easier to get started.
- IFZA is part of a thriving business community in Fujairah, providing companies with access to a diverse talent pool and supportive ecosystem.
Sharjah Media City Free Zone (SHAMS)
Sharjah Media City Free Zone (SHAMS) is a free zone located in Sharjah, United Arab Emirates that was established in 2017 to provide a range of services to media companies including registration, licensing, and office space. It aims to attract media and creative companies, entrepreneurs, and freelancers to establish their businesses in the free zone and benefit from its tax-free environment, streamlined registration process, and access to a pool of talent and resources.
Benefits of Sharjah Media City Free Zone
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- Sharjah Media City Free Zone (SHAMS) is located in the heart of Sharjah, providing easy access to regional and global markets.
- SHAMS offers a relaxed regulatory environment for media-related businesses, making it easier to start and run a company.
- Companies in SHAMS are exempt from corporate and personal income taxes.
- SHAMS offers state-of-the-art facilities, including office spaces and production studios, to support the media industry.
- SHAMS provides dedicated support services to help media companies grow and succeed, including business development services and investment advice.
- SHAMS is part of a thriving media ecosystem in Sharjah, providing companies with access to a diverse talent pool, a rich cultural heritage, and a supportive business community.
Sharjah Publishing City Free Zone (SPC)
Sharjah Publishing City Free Zone (SPCFZ) is one of the best free zones in the UAE located in Sharjah. It was established in 2017 to create a hub for the publishing industry in the Middle East. The free zone offers a range of services for publishers, including tax exemptions, streamlined business processes, and access to a large pool of talent. Additionally, SPCFZ provides office spaces, warehouses, printing presses, and other infrastructure for publishing activities. The aim is to attract local, regional and international publishers and booksellers, to set up their operations in Sharjah.
Benefits of Sharjah Publishing City Free Zone
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- Companies in the Sharjah Publishing City Free Zone (SPC) are exempt from corporate and personal income taxes.
- SPC offers a relaxed regulatory environment for publishing-related businesses, making it easier to start and run a company.
- SPC provides state-of-the-art facilities, including office spaces and printing presses, to support the publishing industry.
- SPC is located in Sharjah, providing easy access to regional and global markets.
- SPC provides dedicated support services to help publishing companies grow and succeed, including business development services and investment advice.
- SPC allows for 100% foreign ownership of companies, with no requirement for a local sponsor.
Ras Al Khaimah Economic zone (RAKEZ)
Ras Al Khaimah Economic Zone (RAKEZ) is a free trade zone located in the emirate of Ras Al Khaimah, United Arab Emirates. It was established in 2017 as a merger of two free trade zones, the RAK Free Trade Zone and the RAK Investment Authority. RAKEZ offers a range of services for businesses, including tax exemptions, streamlined business processes, and access to a large pool of talent. The zone is divided into different sectors, such as RAK Maritime City, RAK Media City, RAK Investment Park, and RAK Industrial and Technology Park. It aims to attract a diverse range of businesses including manufacturing, logistics, e-commerce, and renewable energy. RAKEZ offers a one-stop-shop solution for businesses with a range of flexible and customizable packages for different industries, to provide its clients with a simplified and efficient setup process.
Benefits of Ras Al Khaimah Economic Zone
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- Companies registered in the Ras Al Khaimah Economic Zone (RAKEZ) are exempt from corporate and personal income taxes.
- RAKEZ allows for 100% foreign ownership of companies, with no requirement for a local sponsor.
- RAKEZ is located in Ras Al Khaimah, providing easy access to regional and global markets through its ports and airports.
- RAKEZ offers a relaxed regulatory environment, making it easier to start and run a business.
- RAKEZ provides state-of-the-art facilities, including office spaces, warehouses, and dedicated trade zones.
- Setting up a company with RAKEZ involves streamlined processes, making it faster and easier to get started.
Hamriyah Free Zone Authority (HFZA)
Hamriyah Free Zone Authority (HFZA) is a free trade zone located in the emirate of Sharjah, United Arab Emirates. It was established in 1995 to create a business-friendly environment for companies operating in the industrial, service, and trading sectors. The free zone offers a range of services for businesses, including tax exemptions, streamlined business processes, and access to a large pool of talent. It is divided into different sectors such as manufacturing, trading, services, and maritime. Companies operating in HFZA have access to a wide range of infrastructure and facilities, including warehouses, office spaces, and custom-built factories. The free zone is strategically located near the Sharjah International Airport and the Port of Hamriyah, providing easy access to major shipping routes, which is an added advantage for logistics, trading, and manufacturing companies.
Benefits of Hamriyah Free Zone Authority
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- Companies registered with the Hamriyah Free Zone Authority (HFZA) are exempt from corporate and personal income taxes.
- HFZA allows for 100% foreign ownership of companies, with no requirement for a local sponsor.
- HFZA is located in the Emirate of Sharjah, providing easy access to regional and global markets through the Hamriyah Port.
- HFZA offers a relaxed regulatory environment, making it easier to start and run a business.
- HFZA provides state-of-the-art facilities, including office spaces, warehouses, and dedicated trade zones.
- Setting up a company with HFZA involves streamlined processes, making it faster and easier to get started.
- HFZA is part of a thriving business community in Sharjah, providing companies with access to a diverse talent pool and supportive ecosystem.
Meydan Free Zone (MFZ)
Meydan Free Zone (MFZ) is the best free zone in the UAE located in Dubai. It was established in 2009 to create a business-friendly environment for companies operating in the technology, media, and creative sectors. It is a specialized free zone that aims to attract international companies in the technology, media, and creative fields. The free zone offers a range of services for businesses, including tax exemptions, streamlined business processes, and access to a large pool of talent. Companies operating in MFZ have access to a wide range of infrastructure and facilities, including office spaces, co-working spaces, business incubator, etc. The free zone is located in the Meydan City development, which master-planned community that includes residential, commercial, and sports facilities.
Benefits of Meydan Free Zone
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- Companies registered in Meydan Free Zone are exempt from corporate and personal income taxes.
- Meydan Free Zone allows for 100% foreign ownership of companies, with no requirement for a local sponsor.
- Meydan Free Zone is located in Dubai, providing easy access to regional and global markets through its ports and airports.
- Meydan Free Zone offers a relaxed regulatory environment, making it easier to start and run a business.
- Meydan Free Zone provides state-of-the-art facilities, including office spaces and commercial real estate.
- Setting up a company in Meydan Free Zone involves streamlined processes, making it faster and easier to get started.
- One of a thriving business community in Dubai, providing companies with access to a diverse talent pool and supportive ecosystem.
- Meydan Free Zone is focused on promoting innovation and sustainability, providing a supportive environment for companies.
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We offer a range of services, including Market research, Business planning, Financial analysis, and more. We also have a network of contacts in Dubai that can help you to provide best free zones in the UAE.
If you’re looking for a best free zones in the UAE to grow your business, contact AGL Business Consultants today. We can help you to achieve your business goals and reach your full potential.