Free Zones (also known as free trade zones) are designed for boosting international business through providing 100% ownership to expatriates and single window administration convenience. In UAE, freezones are either attached to ports or industry specific.
Free Zone is a very good option for the foreign investors who would like to setup their business in UAE as they can have 100% ownership without having a need for a local partner.
UAE FREE ZONE
Major FreeZones in UAE
Ajman Free Zones
According to the Ajman Chamber of Commerce, during the first six months of 2019, Ajman Free Zone companies have contributed 32% of Ajman’s total exports and 60% of re-exports. Ajman Free Zone Authority or AFZA is a strategically situated Free Zone at the entrance of the Arabian Gulf.
Fujairah Free Zones
Fujairah free zone is one of the oldest UAE free zones. The free zone focuses on industrial and maritime activities. A lot of heavy industrial and mining companies are located there. It also has branches of all large petroleum companies in the region due to the convenient location of Fujairah port with the exit directly to the Indian ocean.