With the growth of the UAE economy, it is important to know the various free zones in UAE. The following articles will discuss some of them: Hamriyah Free Zone, Dubai Industrial City, Sharjah Airport International Free Zone, and Fujairah Creative City. If you are looking for Business Set up in Dubai Free zones, this information will help you make an informed decision.
Hamriyah Free Zone:
The Hamriyah Free Zone is considered one of the top free zones in the UAE, and it offers an impressive range of business opportunities. In addition to facilitating international trade, the free zone also provides custom facilities and is the primary hub for oil and gas companies in the UAE. The Free Zone does not levy income taxes, corporate taxes, or export taxes. Additionally, companies located in the Hamriyah Free Zone can benefit from onsite labor accommodation.
Sharjah Airport International Free Zone:
The airport in Sharjah is the biggest free zone in the UAE. In addition, it is home to several international companies. You can hire an unlimited number of employees and obtain resident visas for them depending on the size of your company. Many reputable international companies have set up their headquarters in the SAIF Zone. Foreign investors are welcomed in the free zone and can conduct capital repatriation and funds transfers without any restrictions.
Fujairah Creative City:
Fujairah is the fifth largest emirate in the UAE. It is the only one that lacks a Persian Gulf coastline and is located on the north-eastern side of the country. Due to this, Fujairah has realized the value of diversification and has established two free zones: Creative City Fujairah and the Fujairah Free Zone. As part of the free zone, foreign entrepreneurs are welcome to establish their own companies, and there is no benchmark for funds.
Umm Al Quwain Free Trade Zone:
The government has approved the plans for a new free trade zone in UAE’s Umm Al Quwain region. The free zone will allow high-tech companies to set up shop in the area. There are several benefits for such companies. In addition to being able to trade on the free zone’s territory, a service license will enable them to provide courier services and logistics. The free zone will also offer excursions, travel, and car rental services. Although free trade zones can accommodate a wide range of businesses, it will be important to understand that a service license is for a company to only conduct certain activities within the free zone’s boundaries.