Prepared by Business News editorial team
As of June 2024
The United Arab Emirates continues to strengthen its position as a global business hub through its network of specialized free zones. These jurisdictions offer foreign investors 100% ownership, tax exemptions, and streamlined incorporation processes. This comprehensive report examines the top 10 free zones across Dubai, Sharjah, Ajman, and Ras Al Khaimah, providing essential details on licensing costs, infrastructure advantages, and establishment procedures for prospective investors.
1. Dubai Multi Commodities Centre (DMCC)
Location: Dubai
Ideal for: Commodity trading, precious metals, diamonds
License Fees: Starting from AED 15,000 (including registration)
Key Advantages:
- Consistently ranked as the world’s leading free zone
- Premium office spaces in Jumeirah Lakes Towers
- Efficient licensing process (3-5 working days)
Contact: www.dmcc.ae | +971 4 436 3000
2. Jebel Ali Free Zone (JAFZA)
Location: Dubai
Ideal for: Logistics, manufacturing, trading
License Fees: From AED 12,500
Key Advantages:
- Direct access to Jebel Ali Port
- Home to over 9,000 multinational corporations
- Seamless mainland business expansion options
Contact: www.jafza.ae | +971 4 801 1111
3. Sharjah Airport International Free Zone (SAIF Zone)
Location: Sharjah
Ideal for: Light manufacturing, trading, aviation services
License Fees: From AED 10,000
Key Advantages:
- Strategic location adjacent to Sharjah International Airport
- Full capital and profit repatriation
- Cost-effective warehousing solutions
Contact: www.saif-zone.com | +971 6 557 0000
4. Ajman Free Zone (AFZ)
Location: Ajman
Ideal for: Small and medium enterprises, startups
License Fees: From AED 7,500 (most economical in UAE)
Key Advantages:
- Competitive office and warehouse rental rates
- Expedited visa processing services
- Rapid business setup (within 24 hours)
Contact: www.afz.ae | +971 6 748 0000
5. Ras Al Khaimah Economic Zone (RAKEZ)
Location: Ras Al Khaimah
Ideal for: Industrial operations, technology firms, freelancers
License Fees: From AED 7,900
Key Advantages:
- Supports over 50 business activities
- Flexible workspace solutions
- Cost-efficient flexi-desk options
Contact: www.rakez.com | +971 7 207 7777
6. Dubai Silicon Oasis (DSO)
Location: Dubai
Ideal for: Technology startups, IT companies
License Fees: From AED 10,000
Key Advantages:
- Integrated technology ecosystem
- Advanced smart city infrastructure
- Research and development support facilities
Contact: www.dsoa.ae | +971 4 501 5000
7. Sharjah Media City (Shams)
Location: Sharjah
Ideal for: Media production, digital marketing, content creation
License Fees: From AED 10,500
Key Advantages:
- Virtual office options available
- Specialized e-commerce licensing
- Creative industry community hub
Contact: www.shams.ae | +971 6 511 0000
8. Fujairah Creative City
Location: Fujairah
Ideal for: Offshore companies, independent professionals
License Fees: From AED 9,900
Key Advantages:
- Remote business establishment permitted
- Zero corporate taxation
- Digital registration process
Contact: www.creativecity.ae | +971 9 222 2111
9. Dubai Internet City (DIC)
Location: Dubai
Ideal for: Technology enterprises, digital services
License Fees: From AED 15,000
Key Advantages:
- Regional headquarters for global tech giants
- Comprehensive business support services
- Networking opportunities with industry leaders
Contact: www.dubaiinternetcity.ae | +971 4 391 1111
10. Hamriyah Free Zone (HFZA)
Location: Sharjah
Ideal for: Heavy industry, maritime businesses
License Fees: From AED 10,000
Key Advantages:
- Deep-water port access
- Industrial land leasing options
- Customs clearance facilities
Contact: www.hfza.ae | +971 6 526 9999
Business Establishment Process Overview
- Determine Business Activity: Select appropriate free zone based on industry
- Submit Application: Complete registration forms with required documents
- License Approval: Typically processed within 3-7 working days
- Visa Processing: Apply for employee residency permits
- Operational Setup: Lease office/warehouse space as required
Market Analysis (2024)
- Emerging Opportunities: Increased demand in Dubai South (Expo City) and Al Furjan
- Stable Sectors: Technology and media continue strong growth trajectories
- Competitive Advantage: Northern Emirates offer most cost-effective solutions
For personalized consultation regarding business setup, investors should contact the respective free zone authorities directly. Current processing times and fees are subject to change based on UAE regulatory updates.
Sources: UAE Free Zone Authorities, Department of Economic Development (June 2024 Data)
Next Update: December 2024
