Discussing the Relationship of a Free Zone and a Company

Here at InZone, one evening we discussed about the relationship between a free zone and a company. Some said that that this relationship is a two-way street. Some used the word ‘co-existing’. Some were of the view that the relationship is like a two-edged sword i.e. both the success and failure of the free zone and company are related to each other. We all concluded that the one word that can be most aptly used to describe the association of a free zone and the companies incorporated in it is ‘symbiotic’. It is because Google defines ‘symbiotic’ in the following two ways:

  1. Involving interaction between two (2) different organisms living in close physical association.
  2. Denoting a mutually beneficial relationship between different groups or people.

It was unanimously agreed that both the above definitions are applicable (in their own way) to the relationship of a free zone and a company.

While applying the first definition, we discussed that when a company is incorporated in a free zone then both the entities automatically live in a close physical association. Now, the rise and fall of the free zone and the company is solely based upon how interactive this physical association is. Interaction or in other words communication is the key. This continuous and ongoing communication helps both the free zone and the company to better understand each other needs, which when catered to will result in the growth of the two entities. Conversely, if there is no interaction then there is no growth.

Speaking of the second definition, we found that its applicability is equally relevant. This is because the relationship of a free zone and a company is mutually beneficial. The success of a company in one way depends upon the ease of doing business in that free zone. If the free zone facilitates business transactions, companies will grow. If companies will grow in a particular free zone, then more and more companies would like to be set up at that free zone. This will expand the horizons of the free zone. Therefore, both the free zone and a company mutually benefit from each other.

We have found some free zone in the United Arab Emirates (UAE) that are taking the above definition (and the discussion surrounding it) rather seriously. Free zones such as the International Free Zone Authority (IFZA), Sharjah Media City (SHAMS), and Ras Al Khaimah Economic Zone (RAKEZ) are improving themselves day by day to provide the best experiences to the companies incorporated with them. So, what are they exactly doing?

Below, we have listed a few things that the most sought-after free zones in the UAE are doing to be ahead of their competition:

1. Swift Processes

In our opinion, the magnet that attracts successful companies is a business environment that is quick and streamlined. Business owners want their businesses to grow and transform rapidly. They are willing to give in a 100% and desire a transactional system that can match up their efforts. So, the free zones that can aid and assist the entrepreneurial fire are normally seen ahead. One way to do this is to have a speedy and simple company incorporation process with minimal documentation.  Free zones such as IFZA, SHAMS and RAKEZ incorporate companies within a weeks’ time, and therefore are a major attraction for people wanting to set-up businesses.

2. After Sale Services

In any relationship chemistry and compatibility must be seen as two (2) different concepts. Chemistry is what leads to initial attraction and compatibility is what makes that relationship persist. It is a mixture of both chemistry and compatibility that gives us examples of successful relationships. The same is the case between the relationship of a free zone and a company. Company owners may get initially attracted to a particular free zone because of the quick registration process that kick starts the company (chemistry). However, the growth of the company largely hangs on to compatibility with the free zone, which is mostly the after-sale services. IFZA and RAKEZ lead the pack when it comes to after sale services. Company needs are always tended to at these two (2) free zones.

3. Tutoring

Some are born entrepreneurs and some need training. Company owners also need their ‘gurus’ to teach them everything from the tricks of the trade to the killer instinct, so that the top positions do not elude them. One free zone has understood this and is not only ready to provide one ‘guru’, but multiple. Sharjah Media City (SHAMS) holds regular training sessions to educate and train the owners of the companies set up with it. Successful business owners and entrepreneurs are invited from different countries to share their knowledge and experiences. There is no limit to business knowledge that one can gain at SHAMS.

If you also think that the triumph of any company is dependent on its free zone and wish to form a company with a leading free zone, then do contact us. InZone specialises in company formation with all free zones in UAE. We offer company formation solutions that will meet your needs.

 

Let's Talk

Get a response within 4 business hours!

This field is required
This field is required
This field is required
This field is required
We will handle your personal data in compliance with our Privacy Policy

Recent Articles

What are Non-Resident Bank Accounts in the UAE?

As can be expected from a prominent business and financial hub, the UAE has a booming yet stable banking industry. With total assets worth over 813 billion U.S. dollars, the UAE’s banking sector leads in the Middle East. The ease of banking and the excellent facilities available enhance the UAE’s appeal as an investment destination....
Read More ›

UAE VAT Registration in 2024: All You Need to Know

Value-added tax (VAT) was introduced in the year 2018 in the UAE. With the introduction of this federal tax, the UAE shed its long-standing tax-free status. Notably, the UAE’s Federal Tax Authority (FTA) was also launched shortly before this tax was implemented. As of 2024, VAT continues to be applicable and has been a major...
Read More ›

How to Obtain Family Visa in the UAE?

The United Arab Emirates (UAE) without a doubt is a desirable destination for expats from all over the world thanks to its growing economy, modern infrastructure, and high quality of life. Many expats residing in the UAE can sponsor their family members by obtaining a UAE family visa. In this article, we’ll be understanding the...
Read More ›

Family Offices in the UAE: A Complete Guide

Of late, an increasingly high number of super-rich families are investing in the UAE, and this trend does not seem to be slowing down. With an existing count of over 100,000 millionaires, the UAE is projected to further attract over 6000 more millionaires in 2024. These High-Net-Worth-Individuals (HNWIs) are noted to be coming from countries...
Read More ›

Top Business Ideas in Dubai for Beginners

Dubai, a city known as an icon of luxury, skylines, and a thriving economy, offers many opportunities for entrepreneurs. Whether you are a seasoned professional or simply a beginner, Dubai’s dynamic business environment can be highly rewarding. Here are some top business ideas ideal for beginners looking to start a successful business in this vibrant...
Read More ›

How to Get a Business Visa in Dubai?

Without a doubt, Dubai is a well-known thriving hub for business innovation and investment. If you are aiming to start your business in Dubai, securing the appropriate business visa is of utmost importance for residency. Continue reading if you want to know more about how to get a business visa in Dubai as in this...
Read More ›

How to Register a Company in Dubai From India?

With a strong economy and business-friendly environment, the city of Dubai certainly presents a rewarding opportunity for business expansion for entrepreneurs. If you’re an entrepreneur seeking to expand your entrepreneurial horizons and wish to start your business in Dubai from India, the best part is that this process can be done completely remotely! This blog...
Read More ›

Checking Your UAE Visa Validity and Status: A Comprehensive Guide

The process of verifying your UAE visa can sound like a complicated one, but with the right information, it’s a straightforward task. Whether you’re planning a trip to the UAE or already residing in the UAE, understanding your visa details is without a doubt highly necessary to ensure a smooth and hassle-free experience. Checking the...
Read More ›

Understanding Involuntary Loss of Employment Insurance (ILOE) in the UAE

In today’s constantly changing world, employment stability can be quite unpredictable, and the repercussions of losing a job can be overwhelming. For dealing with such risks, the UAE government has introduced a safety net known as Involuntary Loss of Employment Insurance. This policy mainly for the purpose of to support residents facing unexpected job loss...
Read More ›
We Accept

We accept the following credit cards. Our website is secured with SSL 256 Bit Encryption.

We accept credit cards
Why Choose InZone
  • We provide 30 day money back satisfaction guarantee to all our clients.
  • We provide 100% confidentiality to all our clients.
  • We provide a dedicated account manager.
  • We provide bank account opening assistance through our well-established banking relationships.
[FOOTERENDHERE]
Refer & ReceiveRefer and Earn
Contact Us