Get Your Freezone Business Set Up Faster
Want to set up your business in Freezone? Expedite the process with Smart Business Solutions and put your best foot forward.
Freezone
A free zone, also known as a free-trade zone (FTZ), is a designated area assigned by the UAE government to encourage foreign direct investment (FDI), which boosts economic growth. These special economic zones are managed by their own authority, which offers many benefits to attract investors and entrepreneurs worldwide.
Jebel Ali was the first ever and successful Freezone established in UAE during 1985. Later, it became the hub for international corporations and existed as an interlink between the East and the West horizons. After the success of Jebel Ali’s existence, many Freezones came into action, offering advanced business strategies and socio-economic benefits. Each Freezone is administered by its own regulations.
Some of the major free zones in the UAE are
Dubai Airport Free Zone (DAFZA)
Ras AL Khaimah Economic Zone (RAKEZ)
Dubai Multi Commodities Centre (DMCC)
Benefits of starting a business in Freezone
Complete Foreign Ownership
Unlike some general sponsorship rules, a local UAE national is not required as a sponsor for setting up a business in Freezones. Investors from any country who are eligible can start a company in the Freezone with 100% ownership.
Tax-Free Policies
Freezones are free from any tax burden, whether it be a corporate tax, income tax or any custom duty.
Currency Restrictions
Multiple currencies can be utilized for transactions in Freezone to promote international investments without any restrictions.
Fast Track business setup
The procedures for setting up business in Freezone are very fast compared to other zones, wherein the trade licenses are also processed in a few days.
Modern Infrastructure
On top of that, Freezone offers highly sophisticated structures for setting up offices according to the business type to attract international investors.