Many entrepreneurs prefer setting up a business in a free zone due to the fact that it provides a lot of benefits like tax exemptions and easy setup processes. With the rise of free zone business setup Dubai opportunities, emerging zones are providing great benefits to startups and growing companies.
These zones support innovation and offer favorable environments for business development. Here are some of the emerging free zones you should consider for your business.
Ras Al Khaimah Economic Zone (RAKEZ), UAE:
Ras Al Khaimah Economic Zone (RAKEZ) has become one of the fastest-growing free zones in the UAE. It offers affordable business setup options across industries such as manufacturing, technology, and e-commerce. With low setup costs and flexible business structures, RAKEZ is perfect for entrepreneurs looking to start or expand their business in the Middle East.
Qatar Free Zones, Qatar:
Qatar’s free zones, including the Umm Alhoul, Ras Bufontas, and Al Karana Free Zones, are attracting businesses looking for opportunities in the Gulf region. These zones cater to industries such as logistics, manufacturing, and technology.
Kazakhstan’s International Center for Trade and Economic Cooperation (ITEC):
Kazakhstan is emerging as a key business hub in Central Asia, and the International Center for Trade and Economic Cooperation (ITEC) is at the center of this growth. The free zone offers tax exemptions, simplified customs procedures, and direct access to markets like Russia and China. As a developing market, ITEC presents exciting opportunities for businesses seeking to tap into the growing demand in the region.
Morocco’s Tanger Med Port Free Zone:
Morocco’s Tanger Med Port Free Zone is gaining popularity for companies targeting African and European markets. Located near one of the largest ports in Africa, it focuses on industries like automotive, manufacturing, and logistics. With competitive tax incentives and a strategic location for international trade, Tanger Med is an ideal spot for businesses looking to expand into Europe, the Middle East, and Africa.
Bahrain International Investment Park (BIIP), Bahrain:
Bahrain’s International Investment Park (BIIP) is attracting businesses in technology, manufacturing, and innovation. It offers competitive costs and strong support services for business growth. BIIP’s strategic location between Europe, Asia, and the Middle East makes it an ideal base for businesses aiming to access key global markets.
Emerging free zones offer great opportunities for businesses to grow and access new markets. These locations provide favorable conditions for business setup, making them an attractive option for entrepreneurs worldwide.