Dubai, considered as the business hub of the Middle East has always been friendly to business investors. In fact, the past decade has seen a phenomenal rise in business start-ups in Dubai, thanks to the economic stability being shown consistently. But without proper guidance starting a business in the city is going to be very hard, especially if itโ€™s your first time. Blackswan BSS will help to start a Company in Dubai Free Zone.

Three types of entities can be set up in Dubai free zones:

  1. Branch of a foreign or local company
  2. Free Zone Establishment (FZE), with a single shareholder
  3. Free Zone Company (FZC), with 2 to 5 shareholders

Benefits – Dubai Free Zone Company

  • 100% Ownership
  • Can be formed by only one individual
  • 100% Secrecy maintained
  • 0% Tax
  • Less Renewal Charges
  • Can be liquidated anytime
  • You can do international business
  • Can do multiple activities & hold Properties

Types of Licenses in Free Zones

A business license is mandatory for Company formation in UAE free zones.

  1. General Trading License: To trade in all kinds of products using general trading license
  2. Trading/Commercial License: To perform industrial, commercial, or consulting activities
  3. Service License: To operate law firms, accounting firms, and business consultancy
  4. Industrial License: To import raw materials, manufacturing goods imports, and exporting finished products, across global boundaries
  5. Warehousing License: To avail warehousing facilities on lease for distribution, packaging, and storage of goods
  6. Manufacturing License: To manufacture products

Popular Free Zones in UAE

How to set up a Business in the UAE Free Zones?

Company set up in free zones is not subject to the Dubai Commercial Company law. Rules and regulations are set by concerned free zone authorities.

Business Setup Process in UAE

Procedure to set up a Business in Dubai Free Zones

1. Determine the type of legal entity

Determine which type of entity you want to set up in any of the free zones. The capital requirement for such entity depends upon that particular free zone where you want to form a company.

2. Choose a trade name

Select a trade name for your company. Cross-check with the respective free zone authority about the permitted trade names and the availability.

3. Apply for a business license

After registering the business in the free zone authorityโ€™s portal apply for a business license. You need to submit the supporting documents also, for applying the license.

4. Choose an office space

Flex-desk office services are provided to support start-ups in the free zone. You can either buy or lease office spaces.

5. Get pre-approval, register your business, and get the license

Obtain the initial approval and the related business approvals from the specific authorities. Register your business and get your license. 2- 4 weeks are needed for the process.

Business Setup Related Links

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Originally posted 2021-09-29 13:41:23.

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