The first UAE free zone opened in the 1980s, setting the framework for the many that followed, and today there are more than 50 free zones across the UAE. Some of the most well known include Fujairah Creative City Free Zone, Ajman Free Zone, Dubai Multi Commodities Centre Free Zone (DMCC), Dubai Media City, TECOM, Jebel Ali Free Zone (JAFZA), DIFC, and Ras Al Khaimah Economic Zone (RAKEZ).
The main advantage offered to companies setting up in a UAE free zone is that foreign investors can retain 100% ownership of their businesses without the need for a local partner. Another factor which can present fantastic opportunities to free zone companies is that many of the UAE free zones are sector specific.
This gives its entrepreneurs ready access to a hub of knowledge and expertise from others within their field. In this guide, we take a look at some of the many benefits of setting up your company in a UAE free zone.