Business Setup in Dubai Free Zone

Dubai free zones - A major contributor to the GDP of UAE

Dubai free zones have been successful in boosting economic diversification and encouraging sustainability and growth, thus cementing the city’s position as the most favoured investment destination. The free zones in Dubai are expected to increase their contribution to the city’s GDP to AED250 billion by the year 2030.

Dubai’s free zones have played a major role in enhancing the city’s position as one of the most diversified economies in the world.

What are the advantages for Dubai free zone company formation?

The advantages of Dubai free zone company formation are many; the major ones being;

Notable free zones in Dubai

JAFZA

JAFZA is the largest customs bonded zone in the Middle East and one of the fastest-growing free zones in the MESA region. The free zone is home to more than 8,700 companies including 100+ Fortune Global 500 companies from 130+ countries. JAFZA offers 5 types of licenses and different types of business formation, which makes it the perfect location to establish your company.

DAFZ

DAFZ houses more than 2000 registered businesses from over 20+ sectors and diverse industries. The free zone is strategically located next to Dubai International Airport and is the perfect gateway to the Middle East. DAFZ promises faster business incorporation and provides a wide range of world-class facilities, business set-up service packages and cost-effective solutions.

IFZA

Located in one of Dubai’s innovation-focused districts, IFZA offers diverse office solutions and real estate products. One can find numerous residency visa packages and thousands of business activities at IFZA. One of the major factors that differentiate IFZA from other free zones is the flexibility IFZA provides to combine Professional, Commercial and Industrial Business Activities under one License.

DIFC

DIFC is a prominent global financial centre in the Middle East, Africa and South Asia region.  One can find a range of financial and non-financial firms and global retailers at DIFC. Banking, professional services, global corporation, insurance, and wealth management are the major areas of business at DIFC. The free zone aims to drive the future of finance. Setting up a company at DIFC is quite easy and takes minimal time.

DMCC

DMCC currently houses more than 20000 companies and an average of 170 companies join this free zone every month. The diverse range of industries at DMCC varies from agro, energy and financial services to diamonds, gold and base metals. There are different business service packages available at DMCC that suit start-ups, SMEs, entrepreneurs, medium and large companies, individual entrepreneurs and JLT residents.

MEYDAN

Meydan is located in the heart of Dubai and it provides world-class infrastructure and business and tax-friendly environments. There are more than 1500 business activities to choose from along with various cost-effective start-up options at Meydan. Meydan free zone provides the option to combine up to 3 business activity groups from different sectors in the trade license.

DUBAI SILICON OASIS

Dubai Silicon Oasis is a high-tech ecosystem in Dubai that provides numerous attractive business packages. The free zone was established in the year 2004 and it is completely owned by the government of Dubai. Business setup in Dubai Silicon Oasis is a simple process and it takes minimal time and money.

If you are planning to establish your company in any of the free zones in Dubai, contact HLB HAMT. Our business consultants in Dubai have assisted numerous entities form their base in the city.