How to register a new company in the form of a free zone!

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How to register a new company in the form of a
free zone!
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What is a Free Zone? A Free Zone is a designated
area that invites investment and company
formation, in order to avail different sorts of
benefits like tax waivers and specific facilities
to achieve a smooth conduct of business. These
free zones invite international businesses to
invest here in the UAE and still maintain total
ownership of the company. There are other
business incentives rolled out by the free zones
to streamline operations and help companies
thrive. In the UAE, the free zones cater to a
specific industry or are attached to a port.
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Why Free Zones in Dubai? The combined push of the
royal family behind the prestigious Dubai 2020
vision and the emirates emergence as a non-oil
dependent economy has made Dubai a lucrative
investment destination for many entrepreneurs
across different sizes of operations and
different industry verticals. Companies
worldwide are taking cognizance of the immense
potential held by UAE in general and Dubai in
particular for taking a business to the next
level of growth. For this very reason, many
companies prefer to set up operations here in
Dubai.
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If you want to set up a company in Dubai, you can
either have a company formed in any part of Dubai
or establish operations in any of the free zones
in Dubai. A free zone offers multiple
advantages for international companies, like 100
ownership without diluting stock to a UAE
national (either company or individual). Some
other advantages include 100 repatriation of
capital and profits, and zero corporate tax and
income tax. These reasons prompt many
entrepreneurs and established companies like to
look for a suitable free zone and companies
commence with business there.
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• How do free zones operate?
• International companies that set up operations
  here in the free zones are classified as offshore
  companies. They are suited for companies that
  have a majority of their business outside UAE and
  want to establish a presence here.
• Protocols to be followed
• The 7 step process that EBS follows in expanding
  business in UAE are-
• Trade license that suits their specific business
  profile.
• Physical office space with its name and address
  on the rental contracts.
• Every business must have at least one
  shareholder.
• Every business must have a manager or local
  representative.
• The business cannot trade outside the free zone
  without the assistance of a UAE distributor.
•  

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• While the registration and set up process varies
  significantly, these are some of the essential
  documents needed to begin with your approval
  process for operating the business in a free
  zone.
• How to register to set up a new company?
• What type of business entity is to be set up- You
  need to assess which type of company you need to
  set up at a given free zone. This will determine
  how much you need to allocate as share capital as
  per the rules. For instance, in DAFZA, you need
  to have at least AED 15000 as the share capital
  required to operate in this particular free zone.
•  
• Select a trade name- Next you need to pick a
  trade name that is not already registered before.
  This also needs the free zone authorities
  approval to go ahead and use it.

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• What type of business entity is to be set up- You
  need to assess which type of company you need to
  set up at a given free zone. This will determine
  how much you need to allocate as share capital as
  per the rules. For instance, in DAFZA, you need
  to have at least AED 15000 as the share capital
  required to operate in this particular free zone.
•  
• Get rental office space- Next, you would need to
  have a physical address for your office. Be it
  owned space or rented space, you need this to
  take the procedure to the next level.
•  
• Complete the pre-approval formalities- The
  initial approval would signal the opportunity to
  go ahead and commence your operation. Once you
  get the licenses and office space, it is just a
  matter of 2 to 4 weeks, to begin with, your own
  business in UAE. If you any confusion or doubt
  you can call or chat our executive to clear your
  doubt.
•  

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Thank You!
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