Over time, both free zones and mainland areas have proven attractive to entrepreneurs of all experience levels. Free zones, in particular, appeal to foreigners aiming to establish businesses across a wide range of sectors.
Across the past several decades, the UAE has undergone a remarkable transformation, evolving into a global hotspot renowned for its thriving tourism and real estate sectors. This shift was not always the case two decades ago. Today, the city’s multifaceted business model serves as the driving force behind its economy, propelling the UAE into the ranks of global cities and significant business hubs within the region. To attract foreign investment and stimulate economic growth, the emirates has established free zones, which offer enticing incentives to foreign entrepreneurs.
The Free Zone Authority in the UAE oversees registration procedures and issues business licenses to non-resident companies or foreign-owned businesses seeking to establish a presence within these zones. The setup of a business in the UAE Free Zones presents boundless opportunities for networking, collaboration, and substantial business expansion. With its favorable tax regime and a plethora of incentives provided by the Free Zone authorities, the UAE stands as the top choice for investors seeking to establish companies, further solidifying its status as a preferred destination for company formation.