UAE’s free trade zones are a variety of commercial areas which are ideal for specific types of businesses in 2024. Emirati entrepreneurs and foreign investors want to run their companies as quickly as possible. However, the business setup in Dubai free zone can become a hurdle for them due to no prior experience.
Each of the 20 free zones in Dubai offers a unique range of business activities for the investors. The major free zones are DIFC (deals with financial services), and Jebel Ali Free Zone (importing, exporting, and trading business). Dubai Internet City (DIC), Dubai Silicon Oasis (DSO), DMCC, and Dubai Airport Free Zone (DAFZ) are also noteworthy.
UAE’s finest business consultants deliver you the best services for business setup in Dubai free zones. They can guide you in your company incorporation in the free trade zones and even mainland. They help you in fulfilling the requirements for completing the process.
Steps for business setup in Dubai Free Zone process
Here are the stages of the process for business setup in Dubai Free Zone during 2024.
- Select a free zone for business
- Decide the company name
- Get your business license
- Open a bank account
- Processing VISA and business immigration card
Now we we briefly take a look on these phases of business setup in Dubai Free Zone.
Select a free zone for business
The main priority of any new company owner is finding the right choice for business setup in Dubai free zone. The nature of your business is one of the deciding factors in this search. The Jebel Ali Free Zone is suitable for trading business entities who want the best land for building the warehouses.
JAFZA is appropriate for creating links with raw goods manufacturers as well. If you are planning for setting up a tech company, then Dubai Silicon Oasis is a great option for you. Also known as Dubai Silicon City, business advisors can find you the best financial partners and ideal office space.
The ideal place for small-scale business setup for software or app developers is Dubai Internet City (DIC). Accordingly, you can easily register with the Dubai government and start with a flexi-office setup. Business consultants can arrange the best flexi desk with complete access to major supplies for the app developing company.
There are many perks of starting a business setup in Dubai Free Zone. Subsequently, you need proper guidance and legal permits to fulfill reporting obligations. Ensure to create a safe and legal environment for your employees, and a hassle-free system to work with your clients.
Decide the company name
The trademark registration is the most important phase of the company formation procedure in Dubai. You’ve to know the norms and rules which are necessary to obey for a business setup in Dubai Free Zone. Pick a legal company name that aligns with your brand, to register it in a free trade zone.
You have to understand the right criteria of document submission to get the company trademark approval. Choose a unique company name and the best logo that respects the Dubai Free Zone policies. That’s where business advisors can help you in moving the needle.
Get your business license
Business setup costs in Dubai depend on the area where you want to establish your company. Free trade zones allow 100% ownership with no tax duties on import and export. Therefore, they make it easier for foreign investors to spend money on acquiring trading license in Dubai.
Business consultants have links with Dubai government bureaucrats in free zones who approve your trading license applications. They aid you in finalizing all of your attested documents and send them to government departments for license approval. Moreover, they can translate your paperwork into the Arabic language, and update you about the licensing progress in real-time.
Open a bank account
You need to open a corporate bank account for company establishment in Dubai. Authorities can reject your business setup application if you don’t have an active bank account. Business advisors take the responsibility of completing bank account details, and assisting you in finding trustworthy loan providers.
Processing VISA and business immigration card
Business setup in Dubai Free Zone completes when the company owners get legal papers from the UAE government. The business immigration card is a must for this purpose. If you are planning to settle permanently in Dubai, then VISA for business partners (and family) is a must.
Business consultants can get you an economical package that includes VISA for your family, shareholders, and employees. Registration with Emirates Identity Authority (EIA) helps them in clearance of your credentials and foreign papers. Consequently, you can get an immigration card within days and start your business operations.
Many entrepreneurs and startup owners are looking to venture into the progressing Gulf region. A business setup in Dubai free zone is all they have to explore. Full-ownership and zero-taxation are the major drivers behind the growth of the UAE market through 2024.
Launching a company in Dubai is easier said than done. That’s where experts at KWS Middle East hold your back.