Business Setup In Dubai Free Zone | Everything You Want To Know

Only with perfect vision and plan can your business setup in Dubai free zone. Without a vision and plan or a partner to guide you through it, your vision will not transform into a reality. The complete process of starting a business in the free zone is very simple and hassle-free, thanks to the authorities of the Freezone Company Formation Dubai. They require minimal paperwork and fewer efforts. Their vision to build Dubai into a business hub has already taken off.

Business Setup In Dubai Free Zone: What to Know!

When it comes to real estate and business setup, there are 3 common factors. They are “LOCATION!” “LOCATION!” “LOCATION!”. And what better location than Dubai, the city that has made dreamers billionaires and market tycoons than any other city in the world.

Dubai has an array of free zones ready for you to trade. Along with these, Dubai also has free industrial zones that are ideal investors.

Let’s go through the main benefits of the Dubai Freezone company setup.

The main benefits of business setup in Dubai free zone:

• 100% foreign ownership
• 100% repatriation of capital and profits
• 100% free transfer of funds
• 100% exemption from import & export duties
• Free zone company formation is quicker than incorporation outside in the city
• Cheap workforce and simple recruitment methods
• 25-year lease options, warehouse facilities, availability of areas for production and assembling, etc.

Dubai is healthy enough for all the latest businesses; be it AI-based or the traditional. Numerous companies are now preparing business setup in Dubai free zone as they have understood the benefits of Starting A Business In Dubai.

Below are the main steps to business setup in Dubai free zone.

Steps to business setup in Dubai free zone

• Establish the legal entity type
  Everything has to start somewhere and business setup in Dubai free zone starts in this step. It is the initial step for Setting Up A Business In Dubai Freezone. In Dubai free zone, a prospective-entrepreneur can pick any of the following two different kinds of firms, including:
  · FZE (Free Zone Establishment)
  · FZC (Free Zone Company)
  The number of shareholders will differ from one type of company to the other. While FZE needs only 1 shareholder, FZC requires more than 1 shareholder.

• Choose Your Trade name
  Making a name for you and your business is your goal. But for that, you have to choose a name that has not been already registered with free zone authority.

• Choose Your Business Activity
  In the Dubai free zone, you may select from 3000+ business activities that range from more than 100+ sectors like energy, commodities, gold and diamonds, technology, constructions, FMCG, healthcare, aviation, shipping, education, media, professional services, financial services and personal and community services.

• Obtain primary approval
  After choosing your trade name and business activity, you have to acquire approval by submitting the required documents. The documents in question depend upon the kind of business activity and company type as well as the needs of free zone authority.

• Choose Your Office Space
  Dubai might seem expensive but you can find accessible and affordable office space. You may rent, lease or buy a space in Dubai free zone.

• Obtain the License
  Getting approval from the authority is the final piece of the puzzle. After paying the required license and registration fee, you can possess the license and the blessing to start your business.

Voila! You have yourself a business in Dubai free zone.

The free zones in Dubai provide increased investment possibilities to investors and offer them the versatility of selecting a trade that corresponds with their unique business requirements and goals.

Dubai provides the freedom of doing business, tangible tax savings, and a healthy infrastructure that can aid investors and entrepreneurs to set up their operations and grow along with Dubai!

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