The UAE is the ideal place to launch and expand a business. Free zones are economic areas in the United Arab Emirates where entrepreneurs can establish businesses at advantageous tax and customs rates. Each free zone has its own set of rules, laws, and offerings. Numerous factors, including 100% foreign ownership and 0% taxation, attract many foreign and domestic investors. Free zones have gained increasing popularity among enterprises.

6 Cost-effective free zones to Set Up a Company in UAE

1) Dubai Meydan Free Zone

Meydan Free Zone is one of Dubai's most desirable destinations for low-priced business space. Additionally, the Free Zone gives a No Objection Certificate for opening an office space at any location in Dubai. There are various low-cost office premises on the UAE mainland, which is quite advantageous for investors. Investors can select their office space per their budget and business needs.

Meydan Free Zone provides low-cost access to various business activities and licenses for overseas investors. The Free Zone's proximity to the Meydan Racecourse and location within the Meydan Hotel make it an ideal location for international investors. In addition, this area allows corporate leaders to interact and network while working together

2) Sharjah Media City Free Zone (Shams)

Shams offers entrepreneurs a branch for establishing an LLC firm establishment. In addition, this zone allows investors to register their firms or businesses without the required business approval documentation. Similarly, the zone provides investors with numerous licenses, such as industrial, service, trading, freelance, and a holding license if required. Therefore, if you're a freelancer looking to complete a project in Dubai, the Shams district is the finest location. You need not exert much effort to establish your business in Shams, as it is one of the most outstanding and cost-effective free zones in the UAE, with few startup costs and renewal fees.

3) Jebel Ali Free Zone Authorities

Jebel zone is responsible for issuing several licenses, including industrial, trading, service, and e-commerce permits. JAFZA is the most appropriate free zone for international enterprises because of its popularity (MNCs). In addition, it is recognized as the best free zone in Dubai's ports (DP). It plays a significant part in the Dubai Port world integrated business hub for the UAE region. In addition, JAFZA is located near Jabel Ali Sea Port which was ranked one of the seventh largest ports in the world back in 2007. Therefore, its strategic location makes it the most advantageous duty-free zone for export and import.

This zone has primarily established a standard for other zones to emulate by incorporating all these remarkable qualities. Its reasonable and perpetual work procedures and strategic position are pretty attractive. In addition, the JAFZA jurisdiction has an ISO certification and permits diverse business activities. 

4) Ajman Media City (AMC)

Ajman Media City is a brand-new investment location in the United Arab Emirates that offers an incredibly rapid and straightforward company establishment process. This free zone attracts enterprises from all around the world by providing convenient and affordable services. AMC includes numerous media and entertainment-related activities.

In addition, it provides Flexi-desks and tiny shared workspaces. This free zone is an excellent location for small and medium-sized business entrepreneurs to establish their enterprises. In addition to media-related activities, AMC also permits trading activity.

5) Umm Al Quwain Free Trade Zone (UAQ FTZ)

Umm Al Quwain Free Trade Zone or UAQ FTZ is the ideal location for ambitious micro-and small-sized enterprises. UAQ FTZ encourages growth and innovation with its intelligent business packages, configurations, and low constraints. Its strategic location facilitates business across the MENA, Subcontinent, Far East, and European markets, as well as the accessibility of the free zone to the UAE's international airports and ports.

In addition to offering a variety of licenses, UAQ FTZ is a haven for freelancers by providing them with a low-cost permit that includes facilities and perks to assist them in launching their own business.

6) Ras Al Khaimah Economic Zone

Ras Al Khaimah Economic Zone (RAKEZ) is committed to assisting free zone and non-free zone investors by providing economical solutions and world-class services and facilities to enable their businesses to flourish and expand throughout the Middle East, North Africa, Europe, and Asia.

RAKEZ is a well-developed authority that prioritizes the demands of its investors and stakeholders through a competitive system, fast customer service, and cost-effective solutions. It is home to almost 15000 businesses.

Conclusion

Choosing your organization's activity, forms of business licenses, and the ideal location are the most crucial aspects of business setup. UAE is the perfect location to launch a business and acquire easy global access. UAE attracts investors with its ease of doing business, government assistance for entrepreneurs, and world-class infrastructure. In addition to safe banking facilities, proximity to airports and seaports, etc., the United Arab Emirates has become an ideal location for conducting business. By locating in the UAE, you are assured of achieving business excellence and growing your brand into a global one.