How to start a business in a Dubai free zone?
Answered on October 19,2023
Here are the key steps to free zone company formation in Dubai.
- Determine the type of legal entity.
- Choose a trading name.
- Apply for a business license.
- Choose an office space.
- Get pre-approvals, register your business, and get your license.
The steps mentioned outline the process of setting up a free zone company in Dubai. Let’s go through each step in detail:
1. Determine the Type of Legal Entity
This involves deciding on the legal structure for your company, such as a limited liability company (LLC), branch office, or subsidiary. The choice will depend on factors like ownership, liability, and operational requirements.
2. Choose a Trading Name
Select a unique and appropriate name for your company that complies with the regulations set by the free zone authority. It’s important to check for name availability and ensure it aligns with your business activities.
3. Apply for a Business License
Submit an application for a business license to the relevant free zone authority. The license will specify the activities your company can engage in and is essential for conducting business legally in Dubai.
4. Choose an Office Space
Depending on the free zone regulations, you will need to select an office space within the designated free zone area. Free zones typically offer various options such as flexi desks, shared offices, or dedicated office spaces to cater to different business needs.
5. Obtain Pre-approvals and Acquire the Necessary License.
Once you have finalized the legal entity, trading name, and office space, you need to obtain pre-approvals from the free zone authority. This may involve submitting required documents, such as a business plan, shareholder details, and passport copies. After receiving the necessary approvals, you can proceed with registering your company and obtaining the business license, which allows you to operate legally within the chosen free zone.
Investors who wish to establish a free zone company in Dubai must adhere to the procedure outlined above. Following these steps is essential to ensure a smooth and successful setup process within the Free Zone. The outlaid process is simple and has been made easy by the government to make the process friendly for investors.
The whole process has been put out in simpler terms and will not take more than four weeks to complete the Dubai freezone company formation and pave the way for the investor to start a free zone company formation in Dubai.
Documents Required for free zone company formation in Dubai
Documents that will need to be produced before starting a Dubai Free Zone company A number of documents will need to be produced by the investor and get approved from the Gulf Cooperation Council or the Arab embassy:
- Application license form.
- Business card.
- Business plan outlay.
- MOA(Memorandum of Association) and AOA(Articles of Association)
- Passport copies.
- Banking reference and license of the partners existing business if required.
The above-discussed procedure needs to be followed by an investor while starting a business in the Dubai-free zone. The outlaid process is simple and has been made easy by the government so as to make the process friendly for investors.
The whole process has been put out in its simpler terms and will not take more than 4 weeks to get completed and paving the way for the investor to start a free zone company formation in Dubai.
Register your Free Zone Company with Shuraa
Company formation in Dubai free zone offers numerous advantages. The government allows 100% foreign ownership, provides tax benefits, and allows full profit repatriation. Dubai’s strategic location, global connectivity, and thriving expat community provide access to diverse markets. With simplified import/export processes, a wide range of business activities, and a streamlined registration process, Dubai’s free zones attract entrepreneurs seeking a dynamic market.
Shuraa Business Setup offers comprehensive assistance for setting up your business in Dubai’s free zones. Our experienced professionals guide legal entity selection, trading name choices, and business license applications.
We help with office space selection, handle documentation and pre-approvals, ensuring a smooth registration process. With our expertise in free zone regulations, we optimize the advantages of free zone business setup. Contact us today to start your business journey in Dubai’s thriving free zones.
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