A Comprehensive Guide to Start a Company in Dubai Free Zone

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A COMPREHENSIVE GUIDE TO START A COMPANY IN DUBAI
FREE ZONE
Dubais ascent as a prominent global business hub
can be attributed significantly to its
well-established array of free zones. These
economic powerhouses present distinctive and
lucrative prospects for both ambitious
entrepreneurs and astute investors. This
comprehensive guide aims to unravel the
complexities involved in initiating a business in
Dubais free zones, shedding light on the unique
advantages and reasons that make this choice so
appealing. As we delve into the intricacies, you
will gain valuable insights into the seamless
processes, business-friendly environment
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WHAT IS A FREE ZONE COMPANY IN DUBAI?
A free zone serves as a designated geographic
area within a nation, offering specialized
economic rules and encouragement to attract
foreign acquisition and stimulate business
expansion. These zones foster a conducive
environment for economic activity, marked by
advantageous tax policies, complete foreign
ownership, and streamlined administrative
procedures. In the United Arab Emirates (UAE),
an extensive network of over 40 free zones has
been established, each meticulously designed to
accommodate specific industries and business
activities. This diverse array of free zones in
the UAE proves highly enticing for entrepreneurs
aiming to establish a foothold in the region.
Tailored to cover various sectors such as
technology, logistics, media, healthcare, and
more, these free zones present a plethora of
opportunities across a spectrum of industries.
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STEPS TO START A FREE ZONE COMPANY IN DUBAI?
Starting a free zone company in Dubai involves a
series of structured steps. Heres a
comprehensive guide to help you navigate the
process Research and Select a Free
Zone Operate a complete analysis of the different
free zones in Dubai. Each free zone caters to
distinct industries, and their regulations and
incentives may vary. Choose a free zone that
supports your business activities and
purposes Choose a Business Activity and Legal
Structure Describe the essence of your business
activities and select the suitable legal
structure for your company. Free zones often
offer options like Free Zone Establishment (FZE),
Free Zone Company (FZCO), or Branch of a Foreign
Company.
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• Trade Name Reservation
• Pick a remarkable and suitable trade name for
  your company. Submit the chosen name to the
  relevant authorities in the selected free zone
  for approval and reservation.
• Apply for a License
• Submit a license application to the preferred
  free zone. The application will specify your
  business activities and provide details about
  your company. The type of license you need will
  depend on your business operations.
• Submit Documentation
• Prepare the required documentation, which
  typically includes
• Passport copies of shareholders and directors.
• Business plan outlining your activities and
  financial projections.
• Application form provided by the chosen free
  zone.
• No-objection certificate if applicable.

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Visa Application If you plan to reside in the
UAE, you will need to apply for a visa. The
number of visas you can obtain may depend on your
business activity and the size of your office
space. The free zone authorities usually
facilitate the visa application process. Company
Registration and Licensing Once your application
is approved, the free zone will publish your
business license and registration papers. These
documents signify the official establishment of
your company within the free zone. Bank Account
Opening Open a corporate bank account in the UAE.
Many free zones have partnerships with specific
banks, making the process smoother for business
owners.
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Cost to Open a Free Zone Company in Dubai, UAE
The expenditure associated with initiating a Free
Zone Company in Dubai varies based on several
factors, encompassing the selected free zone,
business type, and specific requisites.
Anticipated expenses may include License
Registration Fees Free zones impose an initial
license registration fee, contingent on the
chosen zone and business activity. The starting
cost for establishing a company in the Dubai Free
Zone typically begins at AED 12,500. Lease
Costs Acquiring office or warehouse space within
the free zone incurs lease costs. The expenses
fluctuate based on the location and the size of
the space required for your business operations.
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Additional Services Depending on your business
requirements, you might necessitate supplementary
services like legal consultation, document
translation, and more. The expenses associated
with these services contribute to the overall
cost of establishing your Free Zone
Company. Understanding the diverse elements
influencing the costs involved in starting a Free
Zone Company in Dubai is crucial for budgetary
planning. It is advisable to conduct thorough
research, consult with relevant authorities, and,
if needed, seek the guidance of professional
consultants well-versed in the specific
regulations of the chosen free zone.
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Advantages of Starting a Freezone Company in
Dubai
Doing business in a Dubai Free Zone offers a
plethora of edges, making it an appealing option
for entrepreneurs and companies. Here are some
key benefits 100 Foreign Ownership One of
the most compelling reasons to establish a
business in a Dubai Free Zone is the ability to
have 100 foreign ownership, providing total
control to international entrepreneurs. Tax
Exemptions Free Zone businesses often enjoy
generous tax exemptions, including no corporate
or personal income taxes for an extended period,
contributing to significant cost savings
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Full Repatriation of Profits and
Capital Businesses in Dubai Free Zones can
repatriate 100 of their profits and capital,
delivering financial adaptability and ease of
international fund transfers. Simplified Import
and Export Procedures Free Zones in Dubai
streamline import and export procedures, reducing
bureaucratic hurdles and facilitating a smoother
flow of goods and services across
borders. State-of-the-Art Infrastructure Dubai
Free Zones boasts world-class infrastructure,
offering modern office spaces, advanced
telecommunications, and modern facilities to
enhance business operations. Strategic Location
and Connectivity Dubais strategic geographical
location serves as a gateway between East and
West, providing businesses in Free Zones with
easy access to global markets and unparalleled
connectivity.
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CONTACT US
971 524093924
info_at_futuredream.ae
www.futuredream.ae
Office 401, 4th floor, Addidas Outlet Store, Bank
Street Road Burjuman, Dubai, UAE