- Industry sector;
- Type of business;
- Nationality of the founders;
- Capital requirements;
- Office presence;
- Visa issues;
- Conditions and timelines for obtaining licenses, etc.
UAE Free Zones
A UAE free zone is an autonomous territory where foreign citizens can establish FZE (free zone establishment) or FZC (Free zone company) companies, with 100% of the share capital owned by the foreign owner. The difference between them is that an FZE has one shareholder, while an FZC has two or more.
UAE free zones have become an attractive ecosystem for business development, created with the goal of attracting entrepreneurs and investors, and stimulating international business. The main advantages of establishing a legal entity in one of the freezone include the removal of restrictions on foreign ownership, a guaranteed 50-year exemption from personal, income, and corporate taxes, and the absence of customs duties on goods and services.
Each zone has its own independent governing body (FZA), which offers various types of licensing activities and regulates rules and provisions.
There are several dozen free trade zones in the country (Dubai free trade zone – DMCC, IFZA, DIFC), located in Dubai, Umm Al-Quwain, Sharjah, Abu Dhabi, Ajman, and other emirates. Broadly, they are divided into freezone of seaports, airports, and continental SEZs.