UAE is a commercial juggernaut, and one of Asia’s most treasured places for investors. There are numerous reasons why investors love the UAE. The country’s economy has been consistently stable, and it is ever-growing, with various sectors thriving thanks to a government that is very open to progress and development. A successful investment in the UAE can guarantee great returns not just now, but well into the future as well.
UAE’s commercial hubs include its biggest cities, and these cities boast of the much coveted trade free zones. Trade free zones allow foreign investors to claim full ownership of their businesses, and businesses that exist in the free zone don’t have to pay taxes. So, without further ado, let’s take a look at some of the country’s biggest cities and their free zones.
Dubai
Dubai is UAE’s biggest city, and it is known as one of the most developed cities on the planet. Dubai is home to some of the world’s most iconic architectural marvels like the Burj al Arab and the Burj Khalifa. It is a melting pot of international traders and investors, and it has also become one of West Asia’s major tourist hotspots in recent years along with one of the world’s most expensive cities.
Dubai has the highest number of free zones in the UAE. Business setup in Dubai freezones like Dubai Auto Zone, Dubai Gold and Diamond Park, Dubai Multi Commodities Centre, and National Industries Complex can reap great rewards for your business.
Abu Dhabi
Abu Dhabi is UAE’s second largest city, and while it is not as famous as Dubai, it still is regarded as one of the country’s most important cultural and commercial hubs.
Abu Dhabi is a major contributor to the country’s economy, and it is home to 7 free zones that include the likes of Abu Dhabi Global Market, Industrial City of Abu Dhabi, and ZonesCorp.
Sharjah
As the capital of the Emirate of Sharjah, the city is a cultural, educational, and industrial juggernaut of the UAE. What makes Sharjah unique is the fact that the sale of liquor has been completely banned, unlike Abu Dhabi and Dubai. Sharjah boasts of 3 free zones, which include the Hamriya Free Zone Authority and the Sharjah Airport Free Zone Authority.
When it comes to a free zone company setup in Dubai or any other city in the UAE, you need quality business consultants by your side, and that’s exactly what Goldman Consultancy provides. Our expert consultants have made a huge difference to investors interested in developing businesses in the UAE, and we can assist you in your endeavours too.