How To Start A Business In A Dubai Free Zone?

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How To Start A Business In A Dubai Free Zone?
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Dubai, the commercial hub of the Middle East, has
been a sought-after choice for businesses and
entrepreneurs to start or grow their businesses.
A fastest growing economy with excellent
infrastructure, transport links and a unique low
tax regime it is clear why entrepreneurs across
the globe flock to the UAE and Dubai to do
business. Setting up a new business in Dubai is
relatively simple and straightforward, especially
in UAEs free zones. This blog post provides
detailed information on everything you need to
know about starting a business center in Dubai
free zone.
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What Is A Free Zone?
The free trade zones or free zone (FZE) concept
introduced by the Dubai government is a special
economic zone introduced to encourage foreign
investment and promote business operations in the
city. Essentially, it is a business zone where
business owners can enjoy a myriad of benefits
such as tax concessions, no currency
restrictions, sole ownership and full
repatriation of capital and profits. Currently,
there are more than 30 FZEs in Dubai, each
catering to specific industries and sectors. If
you are looking for 100 ownership of your
business center in Dubai while enjoying tax
exemptions, consider applying for a license in
one of the free zones.
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Setting Up A Business Center In Dubai Free Zone

• Starting your new business in an FZE is
  relatively easy. Here is how to get started.
• 1. Choose A Business Activity
• 2. Find A Free Zone
• 3. Choose A Company Name
• 4. Apply For A Business License
• 5. Open A Corporate Bank Account
• 6. Set Up An Office Location

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1. Choose A Business Activity
The first step to incorporating your business
into the free zone in UAE is to determine the
nature of your venture. There are hundreds of
business activities to choose from, all falling
into various groups within the industrial,
commercial, professional and tourism sectors.
Selecting the most suitable business activity is
essential to determine where you can register
your company and the type of license you will
apply for. Selecting a business activity is very
straightforward. Moreover, many free zones in
Dubai allow choosing multiple business activities
under a single license.
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2. Find A Free Zone
As stated above, there are over 30 free zones
from which you need to select the ideal FZE for
your business center in Dubai. Since each FZE
caters to a specific business niche, it is
recommended to make a decision based on your
business activities and operations. Choosing a
sector-specific free zone helps your organization
benefit from the specialized services for your
niche and keeps your business in close proximity
to competitors and partners.
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3. Choose A Company Name
When choosing and registering your business name,
it is essential to follow UAEs strict naming
conventions. Make sure to avoid offensive
language or references to religious or political
groups. If you are naming your business after a
person, you will have to prove that person is a
partner or shareholder in your business.
Moreover, you can only use full personal names,
as initials or abbreviations are not permitted.
Seeking the expertise of business consultants
would save your time and effort, as they would
help you decide on a compliant trade name, check
its availability and get the name approved.
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4. Apply For A Business License
One of the most important requirements to setup
new business in Dubai FZE is acquiring a license.
Having a trade license ensures your business has
the legal right to function within the country.
The documents required for FZE company formation
will vary according to the type of license you
are applying for and your chosen free zone.
However, there are a few basic documents you can
expect to submit, such as a completed application
form, shareholder passport copies, visa copies
and the companys articles of association.
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5. Open A Corporate Bank Account
Once your trade license request is approved and
you have received all the official documents,
open a corporate bank account for your business.
Having a free zone business bank account helps
your company to track your financial
transactions, calculate tax liabilities and
regulate cash flow efficiently. Whether you are
choosing a local or international bank, make sure
to check the banks eligibility criteria and
submit all the required documents.
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6. Set Up An Office Location
Whether it is a mainland or a free zone company,
it is mandatory for all businesses to have
physical office space in Dubai. Fortunately,
setting up a new office space in Dubai free zone
is easy as a large variety of spaces are
available in different sizes and facilities. You
may rent, lease or hire the space required for
your business operations. Depending on the type
of business you will engage in, you need to make
the right choice.
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Ready To Set Up A New Business In Dubai?

• While the process of starting the best business
  center in the Dubai free zone is seemingly long
  yet straightforward, the turnaround will only
  take a matter of weeks when done right. That is
  why it is a good idea to seek the expertise and
  advice of experienced business setup consultants
  in the UAE.
• Dubai South offer free guidance to all the
  potential investors and helps them with fast and
  efficient business setup services. For more
  information about starting a business in Dubai
  free zone, please call us on 971-800-76884,
  send an email to info_at_dubaisouth.ae
• Ref https//www.businessread.co/how-to-start-a-bu
  siness-in-a-dubai-free-zone/

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Contact Us
Dubai South Address Dubai South
Headquarters P.O. Box 282228, Dubai South,
UAE Contacts Within UAE (toll free) 800-SOUTH /
800-76884 International 971-800-76884 Email
INFO_at_DUBAISOUTH.AE
https//www.dubaisouth.ae/