There are currently about 40 free zones operating in the UAE, and more are on the way. Only the businesses in these categories are eligible for licensing because each Free Zone is structured around one or more commercial sectors. The fact that there are no restrictions on foreign ownership and that businesses are governed by an independent Free Zone Authority (FZA), which is in charge of issuing operating licenses and regulating the activities of companies within the Free Zone, is one of the most alluring features of freezone company formation in the UAE.
The UAE has grown to be a major business center that is great for starting a business or a representative office. It can be challenging to choose the best "Free Trade Zone" through which to conduct business in the region given that there are over 40 different "Free Trade Zones" in the UAE. A common mistake is that an offshore company and a free zone firm are the same thing; nevertheless, despite their similarities, they have very different qualities.
