if You are looking to establish Free Zone in the United Arab Emirates, it is important to know first that it differs in its laws from the law of the United Arab Emirates in the establishment of service facilities and transactions between small and medium companies . Business thrives in the free zones as the Ministry of Economy seeks to stimulate small and medium enterprises in the free zones to integrate them into the gross domestic product of the United Arab Emirates.

The Dubai government is committed to providing job opportunities, so the business sector in the free zones is a stimulus for the economy, and the free zone has become one of the best in the UAE. The free zone provides high-quality, fast-growing industries. Being one of the best free zones in the UAE, this has led to the growth of the economy that the free zone must have which has helped boost the GDP of the UAE.

Dubai has the best free zones, as it offers attractive privileges to stimulate foreign investment, without imposing any restrictions on it. It stimulates investment in various fields, including: information, communication, media, jewelry, gold, health and financial guarantees.

Foundation and Free Zone Creation:

The free zone was established in 2002 and is considered one of the best free trade zones in the United Arab Emirates. It has gained a great reputation and attracted foreign investment, as it is the cheapest center for commodities. The headquarters of the free zone is located in the best area in Dubai in Jumeirah Lakes Towers and includes 10 thousand companies and thousands of employees working in them, the percentage of companies among them reaches 70% of small and medium-sized enterprises, and it includes 24 free zones in various fields.

Dubai Free Zones Features:

There are many advantages it offers Free zones in Dubai, where you can make successful projects deals and make big profits so that you can benefit from them.

We mention these features:

• You can take 100% ownership of the business you start.
• You are exempt from duties imposed during the import and export process.
• You can transfer capital from the region to more than one country.
• Provide substantial assistance in hiring workers and providing them with support services.

Many administrative services are available, including customs clearance, all in one place. They also include excellent and fast building and licensing services.

The legal steps necessary to establish a project in the Dubai Free Trade Zone must be followed:

• The choice of the company's headquarters should be distinct from the success of the project,
• Choosing a company name that is appropriate for the activities and attractive to customers can make the company deal successful.
• The legal form of the company, whether to establish a company or establish a branch therein.
• Finishing the economic and commercial licensing papers and approval steps is work.

What are the types of free zones in Dubai:

The UAE provides foreign investors with all the required facilities in various sectors, making it the first target for foreign investors in the Middle East. Thus, foreign entrepreneurs and investors are keen to establish their business in the Emirates, whether it is a startup or a developed business of various nationalities, they all want Dubai as their business. There are more than 30 free zones that investors can afford and cater to various business activities. The Dubai International Financial Center is a major center for financial services for many companies, and is among the top 10 geographical financial centers in the world.

Is it possible to obtain residency in the free zone?

The cheapest free zones in the UAE that you should know:

1. Dubai Silicon Oasis (DSO)

   This is a free zone that provides job opportunities and housing facilities for employees, and in Dubai Silicon Oasis You will find many tech giants, telecom companies, etc.

   Technology is the obvious attraction in this free zone, in addition to the presence of law firms and consultancies in the region. It is located near Dubai International Airport, Jebel Ali Port and Port Rashid. The region also has the advantage of being exempt from various taxes and fees, be it import duties, export duties, income tax, or corporate tax.

2. Jebel Ali Free Zone

   It is the oldest free zone in the UAE and one of the largest in the world. There is no better free zone for logistics, commodity trading and shipping companies to do business in the UAE. Provides 6 types of business licenses to help you start your business. Manufacturing, trading, development and related services businesses can be set up.

   The region is distinguished by its proximity to Jebel Ali Port and Al Maktoum International Airport. It does not impose taxes or fees, and it offers the strongest and richest business community in the Middle East and North Africa.

3. Dubai Media City (DMC)

   If you are looking to start a media business, then your destination is Dubai Media City. It is a world class media center with state of the art infrastructure which allows organizations to conduct business easily inside and outside Dubai. It is also one of the cheapest and best free zones in the UAE, and is quickly becoming a global media hub, home to businesses such as event management and advertising. The region offers 100% foreign ownership, duty-free (goods and services), and 24-hour visa support.

4. Dubai Healthcare City (DHC)

   It is the first medical district in the world, and the companies it operates include excellent health centers, hospitals, medical education, medical equipment trading, etc., and it is run by Dubai Healthcare City. There are also many 5-star luxury hotels, villas and villas in the area. Therefore, everyone involved in Dubai Healthcare City aims to make it a world leader in healthcare. The region offers the benefits of full tax and customs exemptions, 100% foreign ownership, and business support from the Dubai Health Authority.

   Contact now with Etqan team to help you get the right investment services for you. ITQAN will accompany you in all your steps through our advisory team and experts who have long experience in the field of establishing companies for entrepreneurs. Do not hesitate to tell us about your business in order to obtain all legal advice to establish your company or business in Dubai and the free zone to enjoy the many investment benefits it offers.