How to choose a free economic zone for business in Dubai, UAE

Before considering specific free zones, you need to clearly define your target audience. Where are your potential customers located? Which zones will provide you with the best access to them? Competitor analysis will help you understand which zones are most attractive for your niche and which strategies are already being successfully implemented. For example, if your target audience is companies from Europe, SEZs in Dubai (such as IFZA or Meydan) may be more preferable due to their developed infrastructure and international connections.

For example, specialized zones such as Dubai Internet City or Sharjah Media City, which offer developed infrastructure, support, and access to technological innovations, are ideal for IT companies. For companies in the logistics and trade sector, free zones located near ports and airports (e.g., Ajman Free Zone) may be more suitable.

Pay attention to the quality of the infrastructure: the availability of high-speed internet, a modern transport network, a developed security system, package solutions for business, etc. Amenities such as office space, warehouse space, access to conference rooms, and other services also play an important role in the effective operation of your company.

Some free zones have closer ties with certain banks, offering more favorable terms for opening accounts and conducting financial transactions. It is worth bearing in mind that in the UAE, the bank chooses the client, so there are many criteria for companies. For example, some free zones fall into the high-risk category, and banks are reluctant to open accounts there.

Business registration in different FEZs has different costs. It is necessary to take into account all expenses, including registration fees, annual fees, office rental costs, migration card license renewals, etc. 

The license is selected depending on the planned activities. Its cost varies depending on business requirements and the availability of external approvals from regulatory authorities. Some free zones specialize in issuing licenses in specific areas (media, finance, education), while others cover a broader spectrum.  A systematic approach that takes all of the above factors into account will help you choose the optimal location that will best contribute to the growth and prosperity of your business. Of course, the large number of influencing factors requires consultation with specialists in the legal and accounting fields in the UAE.

Free zones offer various options: from virtual offices to fully equipped premises. The choice depends on your needs and budget. Depending on the focus of the free zone, appropriate premises may be offered. For example, port zones have a large number of warehouses. If your business requires retail space, it is worth considering the appropriate zones.

The minimum authorized capital for registering a business in different free zones may vary. In most of them, it does not require actual payment. It is worth consulting with business setup specialists in advance to estimate possible costs.

The visa application procedure is identical in different economic zones, but it is important to understand that not all free zones include visa quotas when registering a company. In some cases, this may involve a significant additional payment or special requirements for the square footage of the premises in order to hire employees. Depending on whether your business needs workers and how many, it is worth paying attention to certain Free zones.

Knowledge of accounting requirements is extremely important. Check what standards apply and what accounting requirements are in place. For example, some free zones require full audit reports to be submitted for review when renewing a company's license.