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The Ultimate Guide to Free Zone Company Setup

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Dubai is a major attraction for emerging businesses because of its incredibly lucrative business landscape. The strategic global location and attractive tax regime of the free zones in Dubai also garner a lot of attention for businesses worldwide.

Guide to Free Zone Company Setup

Once your business is set up in a free zone, a plethora of advantages await you such as no currency restrictions, opportunity to repatriate your full capital and profit, tax exemption among others. Setting up a company in the free zone does not only offer multitudinous perks but is also incredibly affordable and straightforward process. Here is your ultimate guide to free zone company setup in Dubai.

Choose your business

The Dubai Department of Economic Development (DED) has outlined more than 2000 business activities to choose from for setting up a business in the free zones. The first step to setting up a business in free zone is to choose your business activity from the list provided by DED. The chosen activity has a bearing on the free zone which suits the best to your needs. Therefore, it is advisable that you choose the activity wisely. The next step is to choose the name of your company. The UAE follows a strict but simple naming conventions which might be unfamiliar to anyone who is from outside of the region. You can take help of experts in picking the best and most suitable name for your company.

Choosing a free zone

The free zone which is best suited for you depends largely on the industry type. Most of the free zones in Dubai are dedicated to specific sectors. However, certain free zones also cater to multiple activities listed in the Dubai Department of Economic Development.

Get a license

After you have finalized the free zone for your activity, the next step is to get your license. In order t get a license, you would need to submit an application along with some documents directly to the free zone. While applying for your license, you will also need to make required visa applications for yourself as well as staff. The number of visa applications primarily depend on the size of your business. Additionally, you will also need a corporate bank account to trade.

Dubai free zone company setup is an easy and affordable process. However, it is important to keep in mind that any errors in the application could lead to a delayed response or rejection. Therefore, it is important to take care of all the nitty-gritties before jumping in the pool.

If you need any assistance in free zone company set up, contact us.

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