List of Top UAE Free Zones Offering Cost-Effective Licenses in 2022

2022-05-26

The process of business setup in UAE free zones offers foreign investors an easy route to enter the lucrative Middle East market. However, choosing the right free zone for company formation is a tough task as there are more than 40 active free zones in the UAE. All the UAE free zones offer benefits such as 100% ownership, repatriation of the profit and capital, one-stop services, consistent laws, a wide range of activities, strategic location, world-class facilities and office spaces, excellent connectivity etc.

Since most free zones offer similar kinds of benefits, cost remains the key determinant to choosing the right zone for company formation in the UAE. There are selected free zones in the UAE that offer cost-effective licenses for foreign investors and entrepreneurs. Business setup consultants in the UAE can offer insights on the cost of free zone company formation. Read ahead to find the free zones that offer cost0effective business licenses in the UAE:

Masdar City Free Zone

Masdar City Free Zone is a fast-growing business community strategically located in Abu Dhabi’s Masdar City, which is considered one of the world’s most sustainable urban developments. The cost of business setup in Masdar City is affordable for foreign investors as the free zone offers packages from as low as AED 1000 (license fee). The highly cost-effective package is called Package A and it comes with zero visas. However, applicants are allowed to select from up to two business activities

The free zone also offers a Women Entrepreneurship Package that can be availed at a license fee of AED 6000. The Women Entrepreneurship Package in Masdar City comes with one visa and four business activities. Only a few free zones in the UAE offer a dedicated package for women entrepreneurs and Masdar City is one among them. Consult with business setup consultants in Dubai to know further about the free zone license package.

Sharjah Publishing City Free Zone

Sharjah Publishing City is a progressive free zone offering one of the cost-effective licenses to facilitate the process of business setup in the UAE. The cost of business setup in Sharjah Publishing City starts from as low as AED 5750. This cost-effective business package in Sharjah Publishing City doesn’t offer any visas. It’s a Publishing Package that offers access to world-class co-working spaces in Sharjah Publishing City.

The free zone also offers a Standard Package with the ability to rent a facility in Sharjah Publishing City. The package starts from AED 6000 without any visas. However, entrepreneurs can choose from facilities such as unfurnished offices, Shell & Core, warehouses etc. Consult with business setup consultants in Dubai to obtain the package with zero hassle.

Sharjah Media City Free Zone

Sharjah Media City (SHAMS) provides one of the cheapest licenses to facilitate the process of business setup in the UAE. The cost of business setup in SHAMS starts from as low as AED 5750 with zero visas. The license is a media license and entrepreneurs can choose from activities under media license in SHAMS such as advertising, photography, media production, fashion design, graphic design, printing, interior design, digital marketing, programming & consultancy etc.

Ras Al Khaimah Economic Zone

Ras Al Khaimah Economic Zone (RAKEZ) is a dynamic free zone strategically located in Ras Al Khaimah. The free zone offers a wide range of activities, facilities and services under one roof. RAKEZ is the first UAE free zone to offer a dedicated business setup package for Women Entrepreneurs.  The RAKEZ Businesswomen Package starts from a cost-effective rate of AED 6200 per year.

Women entrepreneurs applying for this package can choose from eight license types as Commercial, Education, E-commerce, Media, Individual/Professional, General Trading, Services, Professional etc. Business setup consultants in Dubai can help women, entrepreneurs, to obtain the license quickly.

Ajman Media City Free Zone

Ajman Media City is a cost-effective free zone dedicated to media activities. The free zone is strategically located in Ajman, the smallest emirate in the UAE. Ajman is known for providing cost-effective living conditions. Ajman Media City offers cost-effective business setup packages starting from AED 8500 (Business Club Package). The free zone also offers cost-effective company formation packages such as Bronze Package (AED 11500), Silver Package (AED 14500), and Silver Plus Package (AED 17500).

Sharjah Research, Technology, and Innovation Park

Sharjah Research, Technology, and Innovation Park (SRTIP) are one of the most innovative free zones in the UAE dedicated to supporting companies engaged in scientific research and innovation. The free zone’s business setup ecosystem promotes Research & Development, enterprise activities and the triple helix collaboration of industry, government and academia. The free zone’s lowest packages start from as low as AED 9,000.

The free zone offers two company formation packages at this cost-effective pricing: The Scientist Package and Women in Innovation Package. However, the two packages come with no visas. Benefits of the package include unlimited access to the free zone’s innovation lounge, fast-tracked business incorporation, business support services, access to University City students and researchers, access to professional networking events etc.

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