 Are you planning for freezone business setup in Dubai? If yes then you are at the right place. Dubai Free Zone offers a unique and attractive opportunity to start a venture in the most business-friendly environment.
In this blog, let’s explore the valuable insights into Dubai free zones and a detailed overview of key steps to embark on your entrepreneurial journey in the UAE. From understanding the valuable advantages of Dubai free zone business setup to establishing a successful business in Dubai, we will cover everything you need to know to kick-start your business in this thriving economic hub.
So, let’s dive into the world of company setup in Dubai free zone and unlock exciting business opportunities with Arab Business Consultants.
What is a Free Zone Business in Dubai?
A Free Zone in Dubai refers to a specific type of business establishment that operates within one of Dubai’s numerous free trade zones. These free zones are designated areas within the emirate of Dubai where foreign investors can fully own their businesses and enjoy certain benefits and incentives provided by the government.
Currently, the UAE has approximately 67 free zones and many new ones are being added every year. More than 150,000 enterprises in the country are already in free zones, which is increasing with time.Â
A freezone business setup in Dubai cost depends on the free zone you have selected and visa requirements. You can contact us to get the best business setup services in the UAE at reasonable prices.Â
Benefits of Free Zone Company Setup in Dubai
Freezone business Setup in Dubai provides a range of benefits. Let’s dive into all of them:
100% Foreign Ownership
One of the primary advantages of setting up a business in a Dubai Free Zone is that foreign investors can have full ownership of their company without the need for a local sponsor or partner. It provides greater control and flexibility in managing a business in Dubai.Â
Tax Incentives
A Company in Free Zone Dubai can enjoy a 0% tax on their profits. It means the profits earned from the business activities within the free zone Dubai are subject to a corporate tax rate of 0%. Mainly, the tax applicability depends on various factors such as type of the free zone, the place of the customer and the type of activities.Â
Easy Company Setup Process
The process of UAE Free Zone Company formation is quick and simple, involving a straightforward and streamlined process with minimal hurdles.Â
Various Business Activities
A Free Zones company in Dubai can cater to various industries such as trading, manufacturing, media, technology, healthcare, finance, logistics and so on.Â
Business-friendly Regulations
The UAE Free Zones usually have simplified regulatory procedures and fewer restrictions compared to businesses operating outside the free zones. It also offers streamlined import and export procedures, making it easier for entrepreneurs to trade internationally.
Key Step for Dubai Free Zone Company Formation
With the right business setup consultancy you can start a free zone business in the UAE easily by following these general steps.
Select the Right Free Zone
Research the various free zones in Dubai and identify which one best suits your business needs in terms of location, facilities, industry focus and regulations.
Choose the Right Business Activity
Decide a business activity you want to engage in for your business. The UAE Free Zones allow you to be involved in various industries, including trading, manufacturing, services, technology, media and more.
Decide a Legal Structure
Determine your business legal structure such as a free zone company (FZCO), free zone establishment (FZE), branch of a foreign company, or representative office, based on the requirements and regulations of the chosen free zone.
Register Your Business
Submit the required documents and application forms to the relevant authority in the chosen free zone. For a freezone business setup in Dubai usually, you need to collect the following documents:
- Application license form
- Business card
- Business plan outlay
- MOA(Memorandum of Association) and AOA(Articles of Association)
- Passport copies
- Banking referenceÂ
- License of the partner’s existing business (sometimes).Â
Approve your Trade Name and License
Decide a unique trade name for your free zone company in the UAE and apply for its registration with the free zone authority. Once your trade name is approved,Â
you’ll receive a trade name certificate. Afterward, apply for the relevant business license based on your chosen business activity.
Lease Office Space or Warehouse
Secure a suitable office space or warehouse for freezone business setup in Dubai. Many free zones offer flexible office solutions, including serviced offices and co-working spaces, as well as warehouse facilities for businesses engaged in trading or manufacturing activities.
Apply for a Relevant Visa
Depending on the type of business setup and the number of shareholders/directors, apply for the required visas for yourself and any employees or dependents. Each free zone has specific visa quotas and requirements for visa issuance.
Bank Account Opening
Open a corporate bank account with a bank in the UAE. Most free zones have partnerships with local banks, which can facilitate the process of opening a bank account for your business.
Approach a Business Setup Consultancy
To make your business setup process in Dubai more easy and smooth you can connect with a business setup consultancy. Here you will get expert guidance and support in business consulting, bank account opening, Visa services, Pro Services, finding the right local sponsor and VAT registration services.Â
Conquer the Oasis: Setup Your Freezone Business in Dubai
Freezone business setup in Dubai offers numerous advantages to foreign investors such as 100% foreign ownership, huge tax benefits, an easy company setup process, various business activities to choose and a business-friendly environment. Starting a free zone business in Dubai requires one to follow some general steps efficiently. In this blog, we have provided a detailed overview of every step. Hope it will help you to make a wise and informed decision while embarking on your entrepreneurial journey in the UAE.Â
Register Your Freezone Business in Dubai with Us
In Dubai’s business landscape, establishing an efficient business is important for overseas entrepreneurs to stay ahead of the competition. Approaching a business setup consultancy may help you to turn your Dubai dream into reality. Arab Business Consultants is one of the leading company setup consultancy to provide you personalized support and guidance in freezone and Mainland business setup in Dubai.Â
With our years of experience, we offer you the best business consulting, PRO services, VAT services, local sponsorship and virtual office setup services.Â
So, what are you waiting for? Talk with our business consultants and start your entrepreneurial journey in Dubai now.Â
