A business setup in Dubai can be a lucrative opportunity to make profits, grow internationally, and create a reputed brand name. At BCM Corporate Services LLC, we have years of experience nurturing businesses across all scales and industries for a hassle-free establishment in Dubai.
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If you want to start your business in Dubai, the first port of call is thoroughly researching the emirate’s free zones. Once you start, you will quickly realize they offer a range of incredible business benefits to the companies that work within them.
Along with all the headline benefits of doing business in the UAE – such as 0% tax on both personal and corporate income and a highly strategic global location – you can also take advantage of a range of other features.
Free zone companies benefit from 100% import duty exemption, the option to repatriate all capital and profits, zero currency restrictions, and a range of business support services.
That’s before you consider the affordable and straightforward incorporation process – providing that you are fully informed about local business practices at the time you form your company. So, if you’re ready to get started, please follow this step-by-step guide to Dubai free zone company setup.
Free zones are the most favorable locations for business setup equipped with state-of-the-art infrastructure, duty and tax exemptions, world-class business amenities, flexible government policies, and unmatched facilities. These are not the only factors that drive Dubai free zone company formation; there are many more benefits of forming a Dubai free zone company, like
Dubai has more than 20 free zones offering a wide range of activities for company formation:
Dubai Academic City
Dubai Airport Free Zone Authority (DAFZA)
Dubai Biotechnology & Research Park (DuBiotech)
Dubai Car and Automotive City Free Zone (DUCAMZ)
Dubai Design District
Dubai Gold and Diamond Park
Dubai Healthcare City
Dubai Industrial City (DIC)
Dubai International Academic City
Dubai International Financial Center
Dubai Internet City (DIC)
Dubai Knowledge Village
Dubai World Trade Center Free Zone
Dubai South Free Zone
Dubai Logistics City
Dubai Media City
Dubai Maritime City
Dubai Multi Commodities Center or Jumeirah Lakes Towers Free Zone
Dubai Outsource Zone
Dubai Silicon Oasis
Dubai Studio City
Dubai Creative Clusters Authority (Dubai Technology and Media Free Zone Authority)
International Media Production Zone
Jebel Ali Free Zone
Economic Zones World
Dubai Flower Centre
Meydan Free Zone
International Humanitarian City
It is important to be aware of the various incentives that free zones in Dubai provide for license holders like Dubai Airport Free zone is allowing a dual license for its investors. The following licenses are offered by free zone authorities for Dubai free zone company setup:
This type of company can be registered with 1 individual or corporate shareholder.
This type of company can be registered with 2 or more shareholders. A shareholder can be an individual or a company.
A business that has a company in the UAE or a foreign land can have a branch in one of the free zones of Dubai.
Dubai offers rewarding options for company formation to investors, to set up their business anywhere in the Emirates depending on the type of their business, location (free zones, mainland or offshore), budget, ownership preferences (100% ownership or local sponsorship), and other such factors. There are certain formalities and procedures to be completed in order to set up a business in Dubai-free zones. These need acute planning, knowledge of local culture and government norms, and elaborate decision-making, through different business setup phases.
Decide a business activity you wish to carry out, as the type of license you apply for will depend upon the nature of the business activity. Many Dubai zones allow for multiple business activities, so have many options to explore.
Once you have decided on business activity, the next step is deciding which free zone is right for you. Basically, there are sector-specific zones like IT, healthcare, commerce, trading, etc., therefore, research before choosing one particular zone.
Before finalizing a name, you need to ensure that your business name is available to be registered on the Dubai free zone authority portal. There are also certain standards that the name must adhere to, including avoiding any blasphemous language or references to religious or political organizations.
After deciding the business activity and registering the trade name at the portal, the next crucial step is to apply for a license. The type of license depends on business activity. To apply for the same, you need to first fill out the application form and gather the documents, as mentioned in the form. Also, you can make a visa application during this process.
Opening a bank account is an easy process. But to do so, you have to again gather the documents as well as your business license and provide it to the chosen financial institution.
After the 4th step, you will get a valid license within 2-4 weeks, and you are good to go.
For a business license:
Colour copy of shareholder(s)’ passport and visa, if applicable
Application form
Business plan
Board resolution
Memorandum and Articles of Association (MAA)
A corporate account opening form
A board of directors’ resolution sanctioning the opening of the account, and the signatories to the account
A copy of your company’s certificate of incorporation
A copy of your share certificate
A copy of the company’s Memorandum and Articles of Association (MAA)
Copies of passports for all partners in the company
It is not easy to tally the total cost of Dubai free zone company formation as the final figure is made up of several components. Along with the cost of the free zone license itself, one also needs to consider the cost of premises if required as well as visa costs
It is possible to pay all of these costs at once, however. Most Dubai free zones offer packages that include a trade license, the use of workspace, and one or more visas for you and your employees. A company formation expert can help you in your search, understanding your needs and your budget before finding a package that fits the bill.
Dubai’s free zones License are extremely popular among entrepreneurs and business owners for company setup due to their reputation of being tax-free zones with free trading ports that can be solely owned by the person who sets it up (irrespective of the nationality).
Additionally, Dubai free zone license company formation does not have a restriction that mandates the presence of a local sponsor to act as a point of liaison, which acts as a catalyst for increased foreign investment. Dubai’s free trade zone company registration process is quite smooth and requires only that the share capital arrangements are made prior to applying for a license.
We at BCM Corporate Services LLC, extend our quality services to our clients with well-experienced & qualified Business consultants with rich expertise in document attestation Services in Dubai so Dubai Freezone Company Setup that client’s requirements for Business setup in Dubai. can be completed on time with satisfactory Results outcome. Please feel free to reach us for your Business setup and Dubai Free Zone License Bookkeeping and Accounting Firms in Dubai requirements on our email id: info@branches.ae or call us at +971502585921
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