- December 25, 2019
- Posted by: Aswani
- Category: Blog
UAE has been attracting investors from across the globe for decades. The country and specifically, Dubai, promises a fertile ground to grow and flourish your business. One can start their company on mainland, free zone or setup an offshore company in Dubai; the options are many. If you plan to start one in a free zone, the question of selecting the best free zone arises. All the free zones offer numerous benefits to its investors. Here we have listed some of the prominent free zones in Dubai.
Dubai International Financial Centre
DIFC is a leading financial centre in the Middle East, Africa and South Asia region. The free zone is home to more than 2000 active registered companies and around 30,000 people.
Banking, professional services, global corporations, insurance and wealth management are some of the prominent areas of business within DIFC.
DIFC has its own independent, globally regulated regulator and judicial system, common law framework, global financial exchange, tax-friendly regime, and a large business community and it aims to drive the future of finance.
One of the fastest and largest growing free zones in the UAE, DMCC, connects more than 14,100 businesses and houses major multinationals and start-ups. The free zone is situated in the heart of Dubai and it offers world-class financial services, trading resources and investment platforms. The accessible location of the free zone makes trade with world’s key commodities market easier.
Gold, diamond, pearl, tea, agro and base metals are some of the main industry sectors in DMCC.
Dubai Airport Free Zone, a highly advanced and distinguished free zone, is a major contributor to Dubai GDP. The free zone is home to major international companies from diverse sectors such as electronic and electrical, IT and telecommunications, pharmaceutical and cosmetics, engineering and building materials, aerospace and aviation, logistics and freight, food and beverage, jewellery and precious stones as well as luxury items.
DAFZA launches various initiatives from time to time, to make it the most flexible and preferred location to do business. It hasn’t been long since the free zone decided to cut the business setup cost by 65 percent, a move that was appreciated by many.
Jebel Ali free Zone is the largest special economic zone in GCC, that plays a significant role in UAE’s economy.
JAFZA offers a perfect and flexible platform to do business, and it offers numerous benefits to its investors. The free zone became the first in the country to return cash and bank guarantees to its clients through its new Workforce Protection Programme initiative.
More than thousands of businesses from over 100 countries have established their base in the free zone and the number continues to rise.
Dubai silicon Oasis
Dubai Silicon Oasis is situated at the trade junction of Europe & Asia. The strategic location of the free zone makes it easily accessible from Dubai’s International Airport, Jebel Ali Port & Port Rashid, and central business district.
Dubai Silicon Oasis mainly houses companies that belong to Semiconductor Manufacturing, Electronic Manufacturing Systems, Microelectronics, Fabless IC Design, Test & Assembly, and optoelectronics related sectors.
Complete foreign ownership and hassle-free business setup procedures are the major highlights of these free zones.