November 27, 2022

Which Free Zone In UAE Is More Affordable?

2 min read
Which Free Zone In UAE Is More Affordable?

 

In UAE, free zones are geographically demarcated areas that offer foreign investors 100% foreign ownership. These free zones also offer tax exemptions and other benefits that attract potential entrepreneurs. There are several types of free zones in UAE; choosing the right one is a daunting task. If you want a business set up in Dubai freezone, find which affordable option is available here.

Meydan free zone:

The Meydan free zoneis a prime location in Dubai, near Downtown. It offers a cost-effective solution for setting up a business. This free zone is beneficial for both entrepreneurs and investors. It offers 100% ownership, no currency restrictions, and several advantages that help new businesses flourish, including high-speed internet connectivity, flexi desks, and a professional environment.

You can register a business in Meydan free zone with just a few simple steps. You can apply online, providing details about your business and attaching any required documents. The registration process is faster and more efficient if you work with an experienced company formation consultant.

Ras Al Khaimah economic zone:

The Ras Al Khaimah economic zone is one of the best places to start a business. The land prices are low, the logistics are good, and the city is 45 minutes away from Dubai. In addition to its business-friendly environment, Ras Al Khaimah is a cheaper place to live and invest. The city offers a relaxed seaside atmosphere and year-round sunny weather. The economic zone also offers quality housing, premier educational facilities, and modern medical facilities. Ras Al Khaimah also takes pride in being a secure, stable city. Its low cost and business-friendly environment enable companies to take advantage of the region’s logistical advantages, including easy access to trade flows between the west and east.

The cost of living in Ras Al Khaimah economic zone is 50% less than in the rest of the UAE. Whether you are looking to start a business or expand an existing one, business costs in the area are much lower than in other parts of the country. There are also many incentives and benefits to working in the Ras Al Khaimah economic zone.

Umm Al Quwain free trade zone:

The Umm Al Quwain, a free trade zone, offers a wide variety of licenses for a small fee. These include a general trading license, industrial license, and consultancy license. In addition, there are licenses for importing raw materials and processing, manufacturing, and packaging. These licenses are designed to facilitate a business owner’s operations and offer maximum flexibility.