Starting a business in Dubai gives a lot of confusions to business owners. Where should I start, what are the benefits, and which are the prominent locations for starting up, who can assist in terms of office space, talent acquisition, etc.
Dubai is one of the best cities to start a business. Due to its strategic location, top 10 in ease of doing business, a stable exchange rate, and an enormous number of free zones make it the right choice. Dubai mainly hosts 4 trade free zones, which are the biggest in the MENA region. Each free zone is competitive and provides a wide range of benefits to your startup/ organization. All free zones allow 100% foreign ownership. The following would provide more information:
- Dubai Airport Free Zone (DAFZA)
It is situated right next to Dubai International Airport, which connects Dubai to over 260 destinations globally. This place is home to 2500 companies with a dedicated cargo facility. DAFZA provides full licensing support and inclusive packages to setup business opportunities from finding furnished office spaces to providing various financial incentives. Suitable for all industries with a core focus on logistics and aviation.
- Jebel Ali Free Zone (JAFZA)
Situated in the proximity of one of the world’s busiest seaport and the future airport of Dubai, JAFZA is the regions first established and second largest free zone. The state-of-the-art logistic facility is managed by the DP World, one of the world’s largest ports operator. JAFZA provides a wide range of licenses and services. Suitable for all industries with a core focus on manufacturing and logistics.
- Dubai Multi Commodities Center (DMCC)
Home to 17,000 companies in Dubai, making it the most abundant free zone by the number of companies, DMCC holds the strategic position in the UAE Market. DMCC is the storage point of Dubai’s tea, coffee, gold, and diamond resources. DMCC holds leading brands such as Petronas, American Express, Swatch in their portfolio. With the modern infrastructure, sophisticated back-office handling and virtual office options make it one of a kind free zone startups choose to operate. Suitable for all industries, mainly services, SFO’s and commodities as the core focus.
- Dubai World Central (Dubai South)
The future district of Dubai, home to World Expo 2020 stage and the place where the future’s largest international airport, Al Maktoum Airport (DWC) is situated. DWC has a strategic location of airport and seaport in less than the 5-kilometre radius. It has concentrated zones for various industries such as the logistics park, aerospace hub, commercial district, business park, humanitarian district. DWC also has direct access to the two wealthiest emirates Abu Dhabi and Dubai less than one-hour drive. DWC has an easy registration process compared to others. Suitable for Commodity Trading, service-oriented but the primary focus on logistics and aviation.
Choosing the right locations plays a significant role in your business, so invest time into choosing the perfect location.
Arjun radeesh
