|
Free Zones Of UAE
- Abu Dhabi Airport Free Zone (ADAFZ)
- Abu Dhabi Ports Company (ADPC)
- Khalifa Industrial Zone Abu Dhabi (Kizad)
- Masdar City
- twofour54
- ZonesCorp
- Dubai Airport Freezone (DAFZ)
- Dubai Auto Zone (DAZ)
- Dubai Biotechnology & Research Park (DuBiotech)
- Dubai Cars & Automotive Zone (DUCAMZ)
- Dubai Flower Centre (DFC)
- Dubai Gold and Diamond Park (DGDP)
- Dubai Healthcare City (DHCC)
- Dubai International Academic City (DIAC)
- Dubai International Financial Centre (DIFC)
- Dubai Internet City (DIC)
- Dubai Knowledge Village (DKV)
- Dubai Logistics City (DLC)
- Dubai Maritime City (DMC)
- Dubai Media City (DMC)
- Dubai Multi Commodity Centre (DMCC)
- Dubai Outsource Zone (DOZ)
- Dubai Silicon Oasis (DSO)
- Dubai Studio City (DSC)
- ENPARK
- International Media Production Zone (IMPZ)
- Intl. Humanitarian City (IHC)
- Jebel Ali Free Zone (JAFZA)
- TechnoPark (TP)
- Hamriyah Free Zone (HFZ)
- Sharjah Airport International Free Zone (SAIF-Zone)
- RAK Free Trade Zone Authority (RAKFTZ)
- RAK Investment Authority (RAKIA)
- RAK Maritime City (RAKMC)
- Fujairah Free Zone (FFZ)
- Ahmed Bin Rashid FZ (ABRFZ)
- Ajman Free Zone (AFZ)
|
|
UAE Freezones Biz News Updates
|
|
Free Zones And The UAE’s Startup Economy
The UAE has always been a progressive country with a progressive economy.
The country has developed several trading hubs over the last two decades,
which created a thriving economy that has supported a number of large
transactions and trade deals.
Today, the UAE is still viewed as an ideal route for trade, but as part of
its growth, evolution and modernization, newer forms of business have
started taking shape in the country—particularly in the northern emirates.
Through the free zones system, entrepreneurs and small business owners are
finding simple, innovative solutions for complex regional and global
challenges.
This, in addition to the increasing number of businesses setting up base in
the UAE to benefit from the dynamic economy and the technology revolution,
has created a startup economy in the country.
The UAE set up the first free zone in 1985 to attract FDI, create jobs and
build infrastructure, following the construction of the Jebel Ali Port.
Next, Sharjah and Dubai established free zones near their airports.
Ras Al Khaimah followed in 2000 with the establishment of Ras Al Khaimah
Investment Authority (RAKIA) and in 2005 with Ras Al Khaimah Free Trade Zone
(RAK FTZ).
Manufacturers, traders and other big businesses found a home in the northern
emirates where they could build factories and ship goods through to
different parts of the world. Later on, newer free zones were established in
Abu Dhabi and Dubai to focus on specific industries like finance and
commodities. By the mid-2000s, there were over 45 free zones in the UAE.
Earlier this year, RAKIA and RAK FTZ consolidated under one authority—the
Ras Al Khaimah Economic Zone (RAKEZ).
This move is a sign that the free zone industry is maturing in the UAE, and
recognizing the potential that lies in providing an environment conducive to
startups and SMEs, as well as catering to large corporations and
manufacturers, etc.
Additionally, the UAE government’s push towards economic diversification has
made supporting this sector increasingly relevant. Entrepreneurs’ needs are
much the same as established manufacturers; both need a variety of
efficient, customizable and cost-effective platforms to operate from, with
easy access to local, regional and international markets.
Cost effectiveness is the key element when startups and SMEs begin their
search for a free zone conducive to their growth. The cost of living and
conducting business in Ras Al Khaimah is 30% lower than its neighbors and
the emirate has been ranked 45th in the world for ease of doing business,
according to a 2016 World Bank report.
This has made the emirate home to several small businesses and projects
working alongside large legacy manufacturers. Over 75% of the businesses
registered under RAKEZ are SMEs.
There are concerns that the region is facing certain volatile macro-economic
trends related to oil prices. Ras Al Khaimah escapes this, thanks to its low
dependence on oil.
About 4.8% of the GDP of Ras Al Khaimah is dependent on oil, according to
S&Ps latest report.
The emirate is witnessing a period of growth, and since 2012 there has been
a 50% increase in the number of businesses registered under RAK FTZ and
RAKIA. RAKEZ anticipates a 6% increase in the number of registered companies
next year.
The UAE used to be an unknown market with hidden potential. Today, some of
the world’s most efficient free zones are located here with industry leading
offerings, with plans to connect the global business community and
facilitate growth at unprecedented rates.
This makes it an ideal cost-effective environment in which to start a
business today.
September 19, 2017
|
|
Courtesy Forbes Middle East
|
|
+UAE Freezones
|
Emirates Of UAE
- Abu Dhabi
- Dubai
- Sharjah
- Ajman
- Umm Al Quwain
- Ras Al Khaimah
- Fujairah
Business
- Search
- Trade centers in UAE
- Business in UAE
- How to Start a Business
- Incorporation Services
- Offshore Company
- Company Formation in the UAE
- No tax! - go for UAE free zones
UAE Offshore
- Jebel Ali Offshore
- RAK Offshore
|
Offshore Services |
|
Consultants For UAE Free Zones |
Utilities |
Keep in touch |
|
|
|
|
|
|
©. All rights reserved. | Terms and conditions | Privacy | Best view 1366 X 768 |