Set Up a Business in the UAE? Consider These Wallet-Friendly Free Zones

These Free Zones, governed by a unique regulatory framework, encourage foreign investment by providing simple establishment procedures, Set Up a Business in the UAE Consider These Wallet-Friendly Free Zones simplified labor and immigration procedures, and several legal advantages.

According to estimates, the free zones currently contribute around 25% of Dubai’s GDP. With ambitious expansion plans, their economic impact will balloon to $68 billion by 2030. That kind of growth is just mind-blowing. It shows how the UAE is positioning itself as the startup capital of the Middle East and a global business hub.

Budget-Friendly Free Zones to Start a Business in the UAE

Free zones in the UAE offer several benefits to businesses, such as tax exemptions, 100% foreign ownership, and easy access to global markets. However, some free zones can be expensive to set up and operate.

If you are a startup, small business, or entrepreneur on a budget, there are a number of budget-friendly free zones in the UAE that you should consider. These free zones offer affordable licensing fees and other costs, making them an excellent option for businesses just starting.

Here is a list of the most affordable open zones in the UAE:

1. RAKEZ

Ras Al Khaimah Economic Zone (RAKEZ) is a free zone in the United Arab Emirates that is located in the center of Ras Al Khaimah emirate. It is a business powerhouse and leading industrial hub, also one of the most affordable free zones in the UAE.

RAKEZ is strategically positioned to facilitate the connection between investors and expanding markets in the Middle East, North Africa, Europe, as well as South and Central Asia.

As a highly developed authority, RAKEZ places utmost importance on addressing the requirements of its investors and stakeholders through a system that encourages competition, swift customer service, and affordable solutions.

RAKEZ is home to almost 15,000 businesses. It is an excellent option for startups, small businesses, and entrepreneurs seeking an affordable and business-friendly free zone in the UAE.

2. Creative City

Creative City, founded in Fujairah in 2007, is a free zone offering affordable business solutions for various creative activities. The thriving media center provides a professional working environment for investors specializing in consulting, education, communications, marketing, music, entertainment, design, and technology.

Over time, Creative City has gained popularity among entrepreneurs and business owners who are seeking a simple and affordable way to establish their own company.

In other words, Creative City is an excellent place for creative businesses to start and grow, thanks to its reasonable costs, professional environment, and support services.

3. SPC

Sharjah Publishing City Free Zone (SPC Free Zone) is an excellent option for entrepreneurs set up a business in the UAE. It offers business license activities, including publishing, printing, general trading, E-commerce, information technology businesses, and consultancies. Businesses can also combine activities from various sectors.

SPC Free Zone is an affordable option for entrepreneurs, with competitive licensing fees and other costs. It provides a variety of workspaces to meet the needs of different businesses, including modern offices, state-of-the-art warehouses, co-working spaces, and cafes.

4. STRIP

The SRTIP free zone is a unique business hub tailored to foreign investors’ needs in the science, research, and innovation sectors. Creative City’s appealing combination of budget-friendly business setup expenses and advantageous location makes it an attractive choice for businesses of any size.

In addition to its affordability and location, the SRTIP free zone also offers investors access to world-class facilities and business support services. The free zone’s modern office spaces, state-of-the-art infrastructure, and research and development facilities provide investors with the necessary resources to succeed. The free zone’s business support services, such as company formation assistance, visa processing, and marketing support, can help investors navigate the complex process of set up and operating a business in the UAE.

The SRTIP free zone is also committed to fostering creativity and innovation among its investors. The free zone’s top-notch infrastructure and high-tech services can help businesses develop innovative systems and boost their global ranking in Sharjah.

5. IFZA

IFZA is a rapidly growing free zone in Dubai that is highly recommended for set up a free zone company. It is one of the most affordable free zones in the UAE, and it does not require businesses to have a physical office or address. This makes it a good option for startups and businesses that operate remotely.

IFZA offers licenses for more than 2,000 different business activities, and it is one of the few free zones that allows businesses to combine consulting, services, and trading activities all in one license, provided that they are in a related business field. This flexibility can be useful to businesses that provide a variety of interrelated products and services.

Overall, IFZA is a good option for businesses of all sizes looking for a cost-effective, flexible, and business-friendly free zone in the UAE.

6. SHAMS

The Sharjah Media City Free Zone (SHAMS) is a free zone in the Emirate of Sharjah specifically designed for creative businesses. SHAMS offers businesses minimal upfront and renewal rates and allows businesses to register their company from anywhere in the world.

SHAMS offers a wide range of business activities under one license, and it also allows companies to have shareholders and employees as young as 19 and 18 years old, respectively. This is a unique advantage that is not found in other free zones.

All company documents in SHAMS are electronic, meaning businesses can print them anywhere without worrying about losing their originals. Documents can also be viewed anytime on the SHAMS website to verify authenticity.

7. Meydan

Meydan Free Zone (MFZ) is a strategic economic free zone in the heart of Dubai, UAE. Established in 2009, Creative City is conveniently situated close to Mohammed Bin Rashid Al Maktoum City and the Dubai Logistics Corridor.

MFZ is desirable for businesses due to its proximity to multiple commercial hubs, including the Dubai International Airport. Various commercial developments surround it, such as state-of-the-art facilities, parks, hospitals, schools, villa communities, sports facilities, and entertainment hubs.

Set up a company in MFZ has several advantages, particularly in terms of cost. MFZ has always been an affordable choice for expatriates, and its ideal location offers seamless connectivity to road, rail, and air transportation facilities. Companies can also import and export products and raw materials through the Emirates logistics corridor.

8. DUQE

The DUQE Free Zone is a game-changer in the realm of cost-effective business licenses in the UAE. It is the cheapest option in Dubai, with highly competitive free zone license fees. This can save businesses significant money, which can be used to invest in other growth areas, such as marketing, product development, and hiring.

In addition to its low costs, the DUQE Free Zone also offers a streamlined company registration process. This reduces bureaucratic hurdles and minimizes time-consuming procedures, allowing businesses to expedite their setup and start operating in a shorter timeframe. This can save enterprises additional costs associated with delays, such as rent and employee salaries.

In general, the DUQE Free Zone is a great choice for businesses of any scale seeking an affordable, business-friendly, and streamlined way to establish a company in Dubai.

Set Up Your Business in One of These Cost-Effective Free Zones with ExpressPRO

Whether you are a startup seeking affordable solutions, a small or medium-sized enterprise planning to expand, or a multinational corporation aiming to establish a regional presence, a suitable UAE Free Zone caters to your business requirements.

Dubai provides abundant opportunities for businesses to flourish and succeed due to its dynamic and favorable business environment. Establishing your business in one of Dubai’s Free Zones can be a strategic decision, allowing you to access the extensive potential of the Middle Eastern, African, and South Asian markets.

If you are ready to set up your business in one of Dubai’s thriving Free Zones, let ExpressPRO assist you. With our expertise in Dubai company setup services, we handle the complexities, enabling you to focus on what truly matters – your business.

Set up Your UAE Company with ExpressPRO

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Alexandra Papanikolaou
Alexandra Papanikolaou
08:14 23 Oct 24
Highly recommend ExpressPRO for their exceptional PRO services! From start to finish, the team was professional, efficient, and incredibly responsive. They took care of all the paperwork and government processes seamlessly, saving me so much time and hassle. Whether you’re setting up a new business or managing ongoing requirements, ExpressPRO makes it all easy and stress-free. Their attention to detail and dedication to customer satisfaction really sets them apart. Five stars all the way! Many thanks to Vasilios for coordinating the whole process!
Espiritu Santo, Princess Genne Norilei C.
Espiritu Santo, Princess Genne Norilei C.
16:54 15 Oct 24
Great service from Hanna and Bryan. Thank you for assisting me with my golden visa application.
reignuelle delacruz
reignuelle delacruz
16:53 15 Oct 24
Thank you Irshad and Bryan for helping me with my company set up. The service you provided is exceptional.
Lei Cruz
Lei Cruz
15:49 15 Oct 24
Amazing service. Thank you Paul and Bryan.
Maya Acueza
Maya Acueza
06:16 09 Oct 24
From the moment I reached out for an initial consultation, the team was incredibly responsive and professional. They took the time to understand my business idea, asking insightful questions that helped clarify my vision. This step was crucial, as it set the tone for the entire process. I felt like I was in good hands right from the start. Bryan and Paul are amazing!!
Jhomz Sibuma
Jhomz Sibuma
07:39 05 Oct 24
Setting up our company with express pro was a smooth and hassle-free experience. From the initial consultation to obtaining the trade license, their team was extremely professional and knowledgeable. They guided us through every step, handling all the paperwork and processes efficiently. We appreciated their quick responses to our queries and the transparency they maintained throughout. Highly recommend express pro for anyone looking to establish a business in the UAE. Thank you to Bryan and Paul.
Jerry Mae Samante
Jerry Mae Samante
07:34 05 Oct 24
I had an excellent experience working with express pro for my business setup. The entire process was seamless, and their team provided exceptional support from start to finish. They handled everything, from documentation to approvals, with great efficiency. What stood out was their clear communication and attention to detail, ensuring there were no surprises along the way. If you're looking for a reliable partner to help you set up your company, I highly recommend express pro. Their expertise made all the difference! Thank you Mr. Paul and Bryan.
Nehal Ababsi
Nehal Ababsi
15:54 25 Sep 24
The company is giving not bad costumer service but they need to be more honest and clear with their clients. they knew I was looking for License and Residency in Dubai but they covered that and it was done in RAK (which is much cheaper). They also promised to finish it in up to 12 days it took almost 3 months to complete it.But there is good people there, specially Mr. Furqan (PR) from Pakistan has helped me with finishing processes faster and easier way. He is really good and supportive. Hope the company strategy will change and to fool people.
Fadi Marashli
Fadi Marashli
05:30 13 Sep 24
Since the first phone call to discuss your inquiries you can feel that the team cares about offering you the service you need, more than upselling. Everything is seamless and the team goes above and beyond to make sure all services are provided to the highest level. I have had nothing but positive experience with ExpressPRO since 2022. They are the absolute best!
DAISUKE TAMO
DAISUKE TAMO
11:15 12 Sep 24
I am very satisfied with the service and the kindness of the staff. It was excellent in every way.
Glennith Dela Cruz
Glennith Dela Cruz
10:40 12 Sep 24
Working with your team has been a pleasure. Everyone has a thorough understanding of the UAE business landscape and has provided invaluable insights for our operations. Bryan Basilio is the ace of the company. Excellent customer service!
Julie Jopson
Julie Jopson
10:37 12 Sep 24
I can't thank you guys enough for your service. You made the whole process so stress-free! Thank you Mr. Bryan.
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