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Located in the heart of Asia, Dubai has evolved to be one of the world’s best places for company formation. The emirate, also known as the gateway to the world, is now a popular business hub at par with the western nations. Thanks to its geographical location, diverse business model, and access to trade, Dubai has been able to attract a wealth of foreign investment and empower its economy lately.
To lure an exceptional and cosmopolitan talent pool for commencing business in the emirate, Dubai extends a sea of opportunities for company setup to businesses. About 23 Free Zones are set up in Dubai to offer international entrepreneurs with lucrative incentives for setting up their business in the emirate. The appealing incentives and tax regime offered by the free zone authorities
This type of licence allows a business to carry out trading activities such as buying, selling, importing and exporting a limited number of commodities.
With this licence, one can trade in all types of goods with an exemption on a few banned products which require approval.
companies that deal with activities such as consulting, accountancy and more need to acquire this licence.
companies that engage in manufacturing, packaging and processing activities are required to obtain this licence.
Registration of this type of company only requires one individual or a corporate shareholder.
An FZC can be registered with 2 or more shareholders. A shareholder of an FZC can be an individual or a company.
Businesses that have a company in the UAE or a foreign nation can build a branch in a free zone of Dubai.
Select a business activity you wish to carry out in Dubai as the type of licence required will depend on the nature of your business activity.
After you decide a business activity, you need to check which free zone is right for you. As there are sector-specific zones, research is required for selecting one particular zone.
You need to finalise a name for your company that is available for registration on the Dubai free zone authority portal. In addition, there are certain standards to which the name must adhere.
After finalising the name and business activity, you need to apply for a licence. To do so, you are required to fill out an application form and gather documents as mentioned in the form.
To commence a business, you are required to open a bank account. To open one, you need to gather documents along with your business licence and provide them to the financial institution.
Global Biz Setup is known for offering top-notch services in the industry for Freezone company formation in UAE. Our services cover the whole range of procedures and assistance that you may require in free zone business setup in Dubai. Our team comprises certified and experienced consultants who will assist you with every step of the procedure, including registration, trade licence acquisition, and notarization of documents. Schedule an appointment with us to know more about the Dubai Freezone company formation.