Title: Starting a Business in Dubai free zone
1Business in Dubai Free zone
2Dubai free zone
Free zones or Free trade zones in Dubai are
business zones where companies operating inside
the free zone area are exempt from all types
taxes such as value added tax (VAT), Income tax,
Corporate Tax and customs. Business owners inside
the free zone areas in Dubai have 100 ownership
of the business.
3- Some of the major Free zones operating in Dubai
are -
- Dubai Airport Free Zone
- Dubai Auto Zone
- Dubai Design District
- Dubai Healthcare city
- Dubai International Academic City
- Dubai Internet City
- Dubai International Financial Center
- Dubai Knowledge Village
- Dubai Media City
- Dubai Gold and Diamond Park
- Dubai Multi Commodities Center
- Dubai Silicon Oasis
- International Media Production Zone
- Jebel Ali Free Zone
- Dubai Production City
- Dubai World Central
- Dubai Studio City
4- Procedures to Setup a business in the UAE free
zones -
- Determine the type of legal organization
-
- Decide which type of entity you want to set up in
any of the free zones. The capital requirements
for such business entity depends upon that
particular free zone where you want to form a
company for example, there is no minimum capital
requirements for setting up a business in
twofour54, whereas in Dubai Airport Free Zone you
are supposed to have a minimum share capital
requirement of AED 150,000. -
-
-
- 2) Choose a business name
-
- After deciding the type of legal entity, choose a
business name for your company. Note that you
bought to cross-check with the respective free
zone authority about the permitted trade names
and whether the name has already been registered.
5 3) Apply for trade license After choosing a
business name and registering the same in the
free zone authoritys portal, you have to
register for a Business license. The list of the
different business licenses issued by the free
zone authorities or by the government has been
stated above. The type of business license
depends on the main activity of your business.
You will have to submit the supporting documents
while applying for the license. 4) Choose a
work space Free zone authorities provide
flex-desk office service to support new business
entities. You can buy or lease office spaces in
free zones. Office requirements depend upon the
number of employees and type of business activity
done by the company. 5) Get pre-approval,
register your business and get the business
license Get the opening approval and other
related business approvals from the specific
authorities, register your business at the
business portal, and get your business license.
It will nearly take 2-4 weeks to get done with
this process. Once you get the business license,
you are all good to start your business.
6- Documents required for setting up a business in
UAE - General Documents
- 2) Documents for consultancy License
- 3) Documents for industrial License
- 4) Documents for branch of companies
7 Company Formation Service in UAE Having your
own company is the dream of every business man.
The opportunities provided in the UAE are
endless. It is potentially the most productive
business destinations that you can find around
the world. Emirates such as Dubai are a prime
tourist destination and a hub for the business
activities. But as much as company formation
services in Dubai is fruitful for the investors
and business man, it is a very extensive process
and hard to understand for an average person who
is not at all aware of the language and the laws
of Dubai.