List of Free Zones in UAE (2024 Updated)
International Humanitarian City (IHC)International Humanitarian City (IHC)International Humanitarian City (IHC)Gold and Diamond Park (DGDP)Over the years, the UAE has become one of the top business hubs, attracting worldwide investors and entrepreneurs. Its continually expanding economy and big breakthroughs create opportunity for the business community to grow and succeed. The country has three key jurisdictions in which you can establish your business: Mainland, Free Zones in the UAE, and Offshore. You can select the best site based on the kind of your business, your budget, and other operations you wish to carry out. In this article, we will be focusing on the Free Zones in the UAE. Therefore, you will be learning everything about them, what are they, the type of freezones in UAE there are, their benefits, and we will also provide a UAE free zone companies list. Let us observe: 1. Do you know what are UAE free zones? A free zone is a region inside a nation that has been set aside as a place where companies can function with little to no taxes and minimal regulations. These locations may have different tax and duty regulations than other regions of the nation because these regulations vary from country to country. A free zone could be a territorially constrained region of a nation that provides favorable business conditions. It is possible to specifically create a free zone for manufacturing with an export focus. Around the UAE, there are numerous free zones that range in size and scope. Some are only a few acres in size and very tiny; while others can cover entire cities and are much larger. 2. Know the types of Free Zones in the UAE Free zones come in a wide variety of forms, each with specific advantages. Let us see: Special Economic Zones (SEZ): SEZs have the goal to draw in foreign investment and advance economic growth. Also, they often give firms tax advantages and other incentives. Free Trade Zones (FTZ): FTZs have the objective of boosting global trade. Consequently, businesses with FTZ locations can benefit from lower tariffs and other advantages. Export Processing Zones (EPZ): EPZs were established to support companies that are export-focused. An EPZ offers tax benefits and other incentives to businesses that are located there. Business Zones (BZ): BZs have been created to promote many kinds of businesses. Lower fees and rent rates are just a couple of the advantages available to businesses in BZs. Industrial Zones (IZ): IZs serve to boost industries like manufacturing and others. Taxes and electricity costs are lower for businesses in an IZ. 3. Learn the benefits of business formation in free zones UAE Here are some advantages of business formation in a UAE free zone: Tax Exemptions: Businesses in a free zone have a temporary exemption from paying taxes, giving them a competitive edge. Down-cost Labor: Companies in a free zone have access to labor that is reasonably priced, which helps to keep expenses down. Market Access: Companies operating in a free zone have access to both domestic and foreign markets, giving them an edge over competitors. Infrastructure: Companies operating in a free zone can gain from the development of the infrastructure, which includes roads, services, and communication networks. Regulatory Environment: Companies operating in free zones are subject to more benevolent regulations, which support investment. Growth: By operating in a free zone, firms can reach new clientele and seize fresh chances for expansion. The free zone can also give companies a footing in a new nation or region, making it simpler for them to grow operations in the years to come. 4. See a list of free zones in the UAE In the United Arab Emirates, there are 46 free zones, including the following: 4.1 Dubai Free Zones In Dubai, there are over 28 free zones, including the following: International Free Zone Authority (IFZA) One of the most affordable free zones for setting up a business. Offers a license for e-commerce. No need for office. Facilities for a virtual office. Dubai Multi Commodities Centre (DMCC) One of the two free zones that permit trading in crypto-commodities. Provides a dual license. Development of up to six activities together. Dubai Airport Free Zone (DAFZA) Considered to be one of the best economic zones. Provides a dual license. Offers a range of facilities, including flexi-desks and warehousing. Offers a license for e-commerce. Gold and Diamond Park (DGDP) The largest free zone specifically for the sale of gold and diamonds. Provides an e-commerce license. UAE Dubai Cars and Automotive Zone (DUCAMZ) Largest free zone specifically for old automobiles. A variety of building possibilities, from offices to showrooms. Dubai Design District (D3) The first and greatest design district in the area is devoted to the art, fashion, and design industries. Within the TECOM group. Concerns with freelancer permits. Dubai Flower Centre (DFC) Center of the floriculture sector. The top cool chain management in the globe. UAE Dubai Auto Zone (DAZ) The largest marketplace in the world for the auto sector. Ideal for car maintenance, import, and export. Dubai Healthcare City (DHCC) Largest comprehensive healthcare-free zone in the region. 4.2 Other Dubai free zones Dubai Industrial City (DIC) One of Dubai’s biggest industrial hubs. In the TECOM group. Worldwide MNCS like Facebook and LinkedIn have a location here. UAE Dubai International Academic City (DIAC) Largest free zone in the world for higher education. Provides freelancer permits. In the TECOM group. Dubai International Financial Centre (DIFC) International financial center with the fastest growth. In contrast to other jurisdictions, this adheres to English Law rather than Sharia Law. Famous for its stock market. Dubai Internet City (DIC) Largest IT group in North Africa and the Middle East. Offers a license for e-commerce. In the TECOM group. UAE Dubai Knowledge Park (DKP) Only free zone in the entire world focused to effective human resource management and education. Provides freelancer license. In the TECOM group. Dubai Logistics City (DLC) First multimodal integrated logistics platform in the world. Provides a teaching
