Countries like the UAE promote business and foreign investments to boost the country’s economy. However, opening a business on the mainland can be somewhat challenging for foreign businesses. For this purpose, the UAE government created free zones for international businesses. This has significantly improved the ease of doing business and comes with many benefits.
Free zones are special economic hubs created by the UAE government to allow foreign businesses to operate. These zones have special regulations and provide many economic advantages to businesses. Each zone caters to a specific category of industry. Businesses that follow the same category can apply to become a part of the free zone.
+971 56 304 6464
There is a broad range of freezones easily accessible in the UAE. However, generally, there are 5 categories of free zones created for businesses. They are:
By providing a variety of licenses, these freezones cater to a broad range of industries. You can easily open and operate different types of businesses in these freezones as they are not industry-specific. Some of the common general free zones in the UAE are:
Industry-specific freezones allow easier management and also ensure a better ecosystem for businesses. By providing specialized facilities, these zones are an oasis for businesses. Some of the industry-specific freezones are:
By providing lower costs, small enterprises also get to take full advantage of the ecosystem the UAE free zones have to offer. Zones that provide facilities to such businesses are:
Being located near major transport hubs, these freezones provide excellent facilities for logistical businesses. Examples of such freezones are as follows:
These freezones cater to the needs of the financial sector. You can take advantage of their facilities at the following freezones:
A trading license comes in handy for businesses that want to carry out import and export operations, etc.
Businesses that want to manufacture goods require an industrial license from the free zone authority.
Service licenses are given to businesses that want to provide some kind of service such as consultation, etc.
Out of the many different free zones mentioned above, you can select one that is most suitable. You can make the process easier if you already know your business needs in advance.
Determine the activities your businesses will be engaged in regularly. This has to be in accordance with the free zone you choose.
Select a suitable name for the company and submit and submit an application by providing the necessary documents.
After securing approval from the free zone authority, you can proceed to lease an office space for your business. This will come in handy to conduct daily office tasks and also create connections in the free zone of your choice.
Finally, you can apply for visas for owners as well as employees. This will be crucial for obtaining residence in the UAE.
Packed with features and benefits, freezones can help boost your business. Usually, freezones can be beneficial for businesses in the following ways:
Accounting Professional Corporation we envision to provide quality Accounting and Taxation Services to our client
Copyright © 2024. All rights reserved.
