The UAE’s strategic location and world-class infrastructure makes it a great place for setting up a business. Despite high trade license costs, there are many affordable free zones and licenses available.
Here’s a detailed guide to some of the cheapest trade license in UAE, highlighting their unique features and license package costs for business setups in the UAE.
Benefits of Choosing These Free Zones
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Considerations When Choosing a Free Zone
The Most Affordable Free Zone in UAE
When choosing the cheapest free zone in the UAE to start a business, several factors come into play, such as office space requirements, location, and the nature of the business activities. Currently, Sharjah Media City Free Zone is recognized as the UAE’s least expensive free zone, offering the cheapest business license fees starting from as low as AED 4,000. This makes it an attractive option for startups and small businesses, especially those in the media and creative sectors.
Industry Suitability
Different free zones cater to various industries. For example, a business license in Dubai Silicon Oasis is ideal for tech startups, while Sharjah Media City (SHAMS) is perfect for obtaining the cheapest media licenses and creative businesses. Choose a free zone that aligns with your industry requirements and suits your business needs.
Cost
While some free zones offer cheaper trade licenses, it’s essential to consider other costs such as office space rental, visa fees, and additional services. Ensure you have a clear understanding of the total expenses involved.
Office Requirements
Some free zones require businesses to rent physical office space, while others offer virtual office solutions. Assess your business needs and choose a free zone that provides the appropriate office setup.
Visa Quotas
Different free zones offer varying visa quotas. If your business requires a significant number of visas for employees, ensure the chosen free zone can accommodate your needs.
Additional Services
Look for free zones that offer value-added services such as business support, networking opportunities, and access to funding. These services can be beneficial for your business growth and success.
Cheapest Trade License Options in UAE Free Zones
| Emirates | Free Zone Name | Cost of Trade License | Why it is Special? |
|---|---|---|---|
| Dubai | Meydan Free Zone (without visa) | AED 12,500 | Easy networking |
| Dubai | Dubai Silicon Oasis – IFZA (with visa) | AED 11,900 – AED 13,000 | Modern IT infrastructure |
| Sharjah | Sharjah Media City (SHAMS) | AED 5,750 – AED 10,000 | Creative Media Center’s Mecca |
| Ras al Khaimah | Ras Al Khaimah Economic Zone (RAKEZ) | AED 11,440 – AED 12,000 | Strategic location |
| Jebel Ali | Jebel Ali Free Zone (JAFZA) | AED 12,000 – AED 14,000 | Exclusive industrial and business parks |
| Ajman | Ajman Free Zone (AFZ) | AED 12,500 | Affordable setup for new businesses |
FAQS (Frequently Asked Questions)
What are the trade name approval fees for DED Trade licenses?
Trade name registration and approval fees generally amount to approximately $27 (AED 100) when acquiring a new DED business license.
Can businesses transfer their DED licenses to new owners?
No, DED business licenses are non-transferable. New owners must apply for a new license to operate commercial entities.
How much tax do offshore companies in Dubai International Financial Center need to pay?
Offshore companies set up in DIFC enjoy tax-free operations and are also exempt from import duties across Dubai.
What is the minimum investment to start a business in Abu Dhabi?
The Dubai Department of Economic Development (DED) has established a minimum capital requirement of AED 300,000 (approximately $82,000) for most business setups in UAE. This amount must be deposited in a bank, and a certificate of deposit must be provided to the DED as proof of investment.
What is the cheapest general trading license in the UAE?
The most affordable General Trading License in Dubai can be obtained from the Dubai Silicon Oasis – IFZA for AED 11,900, which comes with a Zero Visa quota. Holding a Free Zone General Trading License offers numerous benefits.
