HOW TO START A BUSINESS IN UAE FREE ZONE?
If you are thinking How to Start a Business in UAE Free Zone, you should come with the right vision. Here are significant steps to free zone company setup in Dubai as given.
STEPS TO START A BUSINESS IN UAE FREE ZONE
01
DECIDE THE TYPE OF ENTITY
You can initiate any one of the following two different types of firms:
- FZE (Free Zone Establishment)
- FZ Co (Free Zone Company)
- FZ Co (Branch License)
02
DECIDE THE TYPE OF LICENSE
- Consulting or Service License
- Trading or Commercial License
- Manufacturing or Assembly
The investor numbers will be different from one type of company to another. FZE requires one shareholder, and FZ Co needs more than one shareholder. There is some limitation in every free zone that depends on the activity that you choose. Hence, it would help if you had proper consultation before initiating the licensing process.
03
CHOOSE YOUR TRADE NAME
Opting for a trading name is the next step for starting your business in the free zone. For example, you can make sure that the preferred name is already registered or not with free zone power.
04
CHOOSE YOUR BUSINESS ACTIVITY
You can choose from more than three thousand business activities in the free zones. You can set up your business in segments like shipping, diamonds, gold, machinery, aviation, and energy, professional services, financial services, personal services, community services, FMCG, constructions, technology, media, education, and lots more.
05
OBTAIN INITIAL APPROVAL
The business created in every free zone is genuinely following the formalities of the particular free zone. For obtaining the approvals, you need to apply with the documents. The documents list varies from one type of business activity and company type and requirements of free zone authority.
06
CHOOSE YOUR BUSINESS ACTIVITY
You can choose from more than three thousand business activities in the free zones. You can set up your business in segments like shipping, diamonds, gold, machinery, aviation, and energy, professional services, financial services, personal services, community services, FMCG, constructions, technology, media, education, and lots more.
07
OBTAIN INITIAL APPROVAL
The business created in every free zone is genuinely following the formalities of the particular free zone. For obtaining the approvals, you need to apply with the documents. The documents list varies from one type of business activity and company type and requirements of free zone authority.
08
CHOOSE THE OFFICE OR WAREHOUSE SPACE
It is advantageous to know the Dubai Freezone Company Formation charge before renting or purchasing a business space in the free zone. You can choose office space or warehouse space or industrial space or bare land based on the number of works and types of business activity. If you have a fixed budget, you can select an inexpensive Freezone in Dubai. The free zones are having state of the art infrastructure to start immediately without delay any activities, whether it is trading or manufacturing, or service.
09
OBTAIN THE LICENSE
The ultimate measure is to obtain the sanction. Afterward, you need to pay license charges and registration charges. If you already understand the business setup in Dubai cost, you can stay away from many unnecessary hassles. These are easy steps for Dubai free zone company set-up and also VAT Registration Process in UAE. By following the steps, you can start your business in a free zone without having any obstacles.