Dubai is a modern state of UAE that offers a healthy business environment and is filled with strategic locations to attracts foreign investors. The Free Zone is an exclusive region in Dubai that provides amazing benefits to starters such as tax concessions, hundred percent ownership, custom duty benefits, and affordable registration sequence. Some easy steps are designed by the local government and extremely necessary for business setup in Dubai Free Zone.
Key procedure for business setup in Dubai Free Zone
There is one question which troubles many freshers and that is how to start business in Dubai Free Zone? You do not need to worry about that anymore because certain guidelines will help you to make your decision.
Let us take a look at those basic stages which will help you with business setup in Dubai Free Zone.
Choose a legal business type
The first decision regarding the Free Zone business setup in Dubai is selecting a legal activity. The business type will help you to choose an ideal free zone place for your start-up.
In Free Zone, you can set up three types of companies.
- Free Zone Enterprise.
- Free Zone LLC (Limited Liability Company) & Free Zone Branch Office
Before selecting a specific region, you must hire business setup consultants in Dubai Free Zone to research all sectors and meet with legal authorities to confirm which zone is favorable for your business activity. The DMCC (Dubai Multi Commodities Centre) is a prominent area among other Free Zones and any foreign company must get registered with them to continue their work in Dubai. The consulting agencies can assist you by browsing general or industry-specific Free Zones and find a suitable place that matches your demands.
- Select a Free Zone
Around 30 Free Zones are operating only in Dubai and each of them is focusing on trading, industrial and commercial businesses. To choose the best Free Zone, you need to evaluate these subdivisions through three factors which are:
Providing best facilities
If you are planning for a new business setup in Dubai Free Zone then before finalizing the sector you should detect the facilities they are offering. The company owners should check for appropriate serviced offices in Dubai space (better if they have Flexi Desk), transport services, and warehouse facilities.
- Strategic location
Secondly, the strategic location matters if you want to get maximum profit out of your freezone company Dubai. The owners must ensure the availability of sea and land connections with their business plant. The Free Zone is made for import and export operations so it is better to purchase that zone that suits outbound logistics. The I.T or healthcare zones are also available but first, you need to ask your business consultants to suggest an ideal place that fulfills your requirement.
- Share capital requirement
The amount of share capital varies from one zone to another, the business setup consultants in Dubai Free Zone can acquire sufficient knowledge to accommodate you with an economical price for forming the company. The share capital for creating a business setup in Dubai Free Zone is estimated at around AED 50,000. It can fluctuate if the government policies change with time.
- Decide trading name
The next step is choosing the trade name for your business setup in Dubai Free Zone. The trading name must not violate any law that was issued by the UAE government.
- The trade name must not contain any religious and government names.
- The trademark should be unique and avoid any copyright issues.
- Trading names must respect the norms of the local people of Dubai.
- The name should follow the legal form of the firm such as DMCC, LLC, and FZE.
Assemble documents and apply for the license:
The paperwork submission also a major part of the Free Zone business setup in Dubai. The documents for business registration include:
- Application for License.
- Shareholder’s passport copy.
- Owner and business partners immigration card copies.
- Business plan and MOA
- Employees Identity cards copies.
- Passport size photos of the owner and business partners.
Get a business license.
After applying for permits, you need to pay registration and license fee to Dubai license issuance bureaus.
There are five major business license types for business setup in Dubai Free Zone.
- Trading license.
- E-commerce license.
- Industrial license.
- Manufacturing license.
- Education license.
The KWSME business setup consultants in can help you to acquire the required license within few weeks. You can also get an instant license through an online process but it will take some extra payment for a quick approval. Without consultancy contribution, it will take months for you to get a general trading license due to the complex process.
- Apply for VISA
The last part of the necessary process for Free Zone business startup is obtaining VISA for your family and business partners. The free zone business has a major advantage which is that you can apply for VISA application and the UAE government can facilitate many VISA approvals. The VISA card is an important piece of your registration process, it will help you to create links with local business firms and government branches. VISA cards can protect you from serious UAE government legal actions against unregistered companies in Dubai.
KWSME is a professional business consultancy agency that is offering quality services to their clients concerning freezone company Dubai registration. They are official legal partners with Dubai Chamber, DED (Department of Economic Development), and Dubai Courts. They deal with all kinds of legal attesting, opening bank accounts, translation of documents with no extra charges, and helps their customers to complete their business setup in Dubai Free Zone process.
Simply visit their website kwsme.com to know more about other Dubai Free Zone areas and how KWSME can provide top-notch services related to all business activities in UAE.