Uploaded on Sep 14, 2022
Dubai, the Middle East's commercial hub, has long been a sought-after location for businesses and entrepreneurs to establish or expand their operations. With the world's fastest growing economy, excellent infrastructure, transportation links, and a one-of-a-kind low tax regime, it's easy to see why entrepreneurs from all over the world flock to the UAE and Dubai to do business. Setting up a new business in Dubai is relatively simple, especially in the UAE's free zones. This blog post covers everything you need to know about establishing a business center in a Dubai free zone.
How To Start A Business In A Dubai Free Zone?
How To Start A
Business In A Dubai
Free Zone?
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 UAE’s free zones. This blog post provides
detailed information on everything you need to know
about starting a business center in Dubai free zone.
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.
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
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.
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.
3. Choose A Company Name
When choosing and registering your business name, it is essential to follow UAE’s 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.
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 company’s articles of association.
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 bank’s eligibility criteria and submit all the
required documents.
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.
Ready To Set Up A New Business In
WDhileu thbe parocie?ss 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 [email protected]
Ref: https://www.businessread.co/how-to-start-a-business-in-a-dubai-free-zone/
Contact Us
Dubai South
Address: Dubai South Headquarters:
P.O. Box 282228,
Dubai South, UAE
Contacts:
https://www.dubaisouth.ae/ Within UAE (toll free): 800-SOUTH / 800-
76884
International: +971-800-76884
Email: [email protected]
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