Why are the Top Free Zones in UAE cutting down on Business License Fee?
- Cost of Business License in UAE - A Key Factor Driving Foreign Investment
Why are the Top Free Zones in UAE cutting down on Business License Fee?
Free Zones in UAE is the most preferred business center for investors due to a host of business benefits.
The ease of doing business, ease of setting up a new company, 100% foreign ownership, tax-free income, 100% profit repatriation, etc., are a few of the reasons why investors pick a Free Zone in the UAE for Company Formation.
Cost of Business License in UAE – A Key Factor Driving Global Investors
The Cost of Business License in UAE is a key factor that is driving foreign investors to the region.
The Business License Cost in UAE varies with the Free Zone location, mostly the Free Zones in Dubai would be having a premium business license fee due to the bustling business activities and growing business opportunities in Dubai.
However, the Free Zones in other emirates are also equally competitive as the economic activities across UAE are only a steady growth rate.
The Cost of Business License in UAE starts from approx. AED 8050 for Zero Visa Quota and goes up depending on the office space, free zone location, visa quotas, the business activity chosen, etc.
Free Zones in the UAE
There are more than 40+ Free Zones in the UAE offering attractive company formation packages to the investors. There is a whole lot of choice for business activities in the Free Zones.
Based on the nature of the business, there are tailor-made Free Zones in UAE for the investors to start their new venture.
Free Zones in the UAE provide the right platform to easily grow your business establishment.
Business Benefits for the Investors
Free Zones in the UAE offer all required infrastructure and administrative support to facilitate your business operations most comfortably.
Operating from a Free Zone, the business can initiate trading activities through the in-house customs checkpoint, coordinate shipping & logistics activities, enjoy zero taxation & customs duties, etc.
Thus, Free Zones offer a perfect ecosystem with world-class infrastructure, networking opportunities, trade partners, support systems, etc., to scale up your business operations in the most hassle-free way.
Free Zones are lowering License Fees and Administration expenses
Free Zones in the UAE are cutting down License costs and other administrative Fees to drive more Company Registrations.
Main Objectives of lowering the Business License Fees:
- To stimulate trade and actively contribute to the economy of the UAE
- Take advantage of world-class facilities and investment incentives
The Free Zones in UAE are offering various discounted business license packages, online & administrative services, etc to further the ease of doing business in the UAE.
Reduced Fees for Business Setup, Visa & Immigration Services
To help investors benefit the maximum from a Free Zone Company Setup, the Free Zones of UAE have introduced discount offers, multi-year license packages, etc.
Free Zones contribute to a significant part of the UAE’s economy. The Trading Companies registered in the Free Zones of UAE make up a larger portion of the international trade revenue generated in the UAE.
Lower Business License Fees is Triggering New Company Registrations
The reduced cost of business setup is expected to trigger new company registrations and support the existing investors.
Enhancing the ease of doing business and reducing the cost helps investors achieve sustainability. It helps in focusing on smart ways of doing business and gaining more revenue.
Here is a list of Latest Free Zones Discount Packages and Initiatives in place to reduce investors’ cost of business setup in UAE and help them grow the business effectively.
Jebel Free Zone Authority has slashed License Fees up to 70%
As part of the confidence-building initiative, the cost of company license registration and administrative service fees is slashed up to 70% by Jebel Ali Free Zone Authority (JAFZA).
JAFZA is one of the world’s most sought-after business hubs. It is one of the region’s oldest and largest Freezone.
The initiative is aimed at assisting more than 7,500 companies operating in JAFZA, and new businesses getting registered daily.
JAFZA is an all-time preferred destination for investors due to its plug-and-play office infrastructure and trade solutions.
To know more, read: Company Formation in Jebel Ali Free Zone
Hamriyah Free Zone Cuts Business License Fees
Hamriyah Free Zone is one of the largest Free Zone in the UAE. It has a wide range of business activity starting from general trading to ship maintenance.
Home to over 6500 companies from 160 countries, Hamriyah Free Zone offers world-class facilities, office spaces, warehouses, manufacturing units, etc., to the investors.
Hamriyah Free Zone is offering exclusive discount packages for the Executive Office Packages. Avail 10-15% discounts depending on the chosen packages.
Why Set Up Business in Hamriyah Free Zone
- 100% Foreign Ownership
- 100% Repatriation of Capital and Profits
- Zero Customs Duty
- Lower Cost of Living
- World-class Infrastructure
- Availability of Skilled Workers
- Pre-built Warehouses
- Proximity to the Hamriyah Port
- Good Transport links (Air, Sea, & land)
Hamriyah Free Zone is a perfect choice for logistics and trading companies to facilitate international trade easily.
To promote economic activities in the UAE, Hamriyah Free Zone offers a wide range of business activities apart from trading & logistics.
To know more, read: Company Formation in Hamriyah Free zone
Sharjah Media City Launches Multi-Year License Package
Sharjah Media City is incorporated by the Sharjah Government to boost the creative and media business in the region.
Also, to provide an ecosystem for media and entertainment companies to set up their base and expand.
Company Formation in Sharjah Media City
Sharjah Media City offers infrastructure and facilities to support media companies with their business operations.
The ease of business setup, free zone status, business-friendly packages, and support services are making the Free Zone popular among the investors.
Key Benefits of Sharjah Media City
The wide range of business activities apart from media is further enhancing the reach of the Free Zone. Sharjah Media City offers attractive business setup packages starting from Flexi-Desk to Executive Office spaces.
It is aiming to build a community of media companies and other business entities to drive economic growth in the UAE.
Investors choosing a 2,3,5 Year License would be able to avail 15% discounts on the Total License Package.
To know more, read: Company formation in Sharjah Media City.
IFZA Launches Multi-Year License Package
The International Free Zone Authority (IFZA) is offering cost-effective business setup packages for investors.
IFZA Investor Benefits
IFZA has a wide range of business activities to choose from. It is growing to become a popular investment hub in the UAE.
The ease of business setup, world-class infrastructure, cost-effective business setup is attracting more investors to IFZA.
IFZA is offering the investors a 3 Year License with 25% for Company Formation.
To know more, read: Company Formation in IFZA
Interested to know more about Company Formation in the UAE Free Zones, feel free to reach out to our expert team of Business & Legal Consultants.
Contact: Aurion Business Consultants