In various emirates, the UAE maintains several free zones. There are about thirty zones for different sectors in Dubai alone. For those who don’t know, a free trade zone permits foreign corporations to own enterprises that enjoy tax exemptions. They stimulate job creation, draw in foreign investment, and advance economic expansion.
Benefits Of Free Zone Business In The UAE
- Whole ownership by foreigners
- Absence of corporation tax
- Duty-free imports and exports to save money
- Simple company establishment
- A streamlined regulatory framework and an easy licensing procedure
- Tax advantages
- Contemporary infrastructure
- Encourage international investment and corporate expansion in the UAE
- Advantageous to investors
Top 5 free zones in Dubai
Dubai Airport Free Zone (DAFZA)
With 20,000+ professionals, DAFZ is home to over 2,000 registered enterprises from over 20+ categories and numerous industries. This free zone, which is close to Dubai International Airport, is focused on aviation, logistics, and other businesses.
Dubai Multi Commodities Centre (DMCC)
With entities like the Dubai Diamond Exchange (DDE), the Dubai Pearl Exchanges (DPE), DMCC Trade Flow, the Dubai Good Delivery Standard (DGD) for Gold, the DMCC Tea Center, and the DMCC Coffee Center, among others, the Dubai Multi Commodities Centre (DMCC) facilitates commodity trading. With more than 20,000 registered businesses with an emphasis on commerce, commodities, and financial services, it is regarded as the largest free zone in the United Arab Emirates.
Dubai Internet City (DIC)
DIC boasts more than 1.5 million square feet of premium commercial office space, home to more than 1,400 businesses employing more than 10,000 people. With an emphasis on media and technology industries, it is the largest free zone for information and communications technology in the Middle East.
Dubai Media City (DMC)
With more than 1,300 registered businesses catering to the area, Dubai Media City is a major center for the media sector in the Middle East and GCC. Media and creative sectors, including advertising, film, and music, are the main focus of its free zone.
Jebel Ali Free Zone (JAFZA)
one of the biggest and oldest free zones in the United Arab Emirates, home to more than 8,000 businesses engaged in manufacturing, shipping, and trading. Its closeness to the Expo 2020 Dubai site, Jebel Ali Port, and Al Maktoum International Airport has contributed to its development into a hub for international trade and a well-integrated provider of business setup solutions.
Top 5 free zones in Abu Dhabi
Abu Dhabi Global Market (ADGM)
It is a free zone and financial hub that provides a variety of business and financial services, such as capital market operations, asset management, and banking. Following the introduction of digital asset regulation, ADGM controlled the trading of digital assets and developed as a desirable jurisdiction for cryptocurrency enterprises.
Masdar City Free Zone
The goal of the city is to serve as a center for cleantech enterprises, a sustainable urban development that emphasizes green enterprises, clean technology, and renewable energy.
Khalifa Industrial Zone Abu Dhabi (KIZAD)
Abu Dhabi intends to provide 100% foreign ownership for an industrial park in Taweelah, close to Khalifa Port. By 2030, this sector wants to make up 15% of the GDP that is not oil. KIZAD is a free zone that prioritizes trade, logistics, and industrial manufacturing.
The name twofour54 comes from Abu Dhabi’s coordinates, which are 24° N and 54° E. With auxiliary facilities at Kizad and Mussafah, the main campus is located on Yas Island. With an emphasis on content creation, production, and distribution, it is a zone free of media and entertainment.
Abu Dhabi Airport Free Zone (ADAFZ)
Aviation, aerospace, airport services, logistics, cargo, and freight are the main areas of interest for ADAFZ. As infrastructure, they provide warehouses, business offices, land parcels, and logistical services.