There is no doubt in the fact that Dubai has one of the best business environments to offer. Advanced infrastructure, excellent government support, and facilities plus the ease of doing business. This makes Dubai one of the most popular places on the planet for doing business. So, if you are willing to start a new business, Dubai is the place! To be able to do that, you must know how to set up a company in a Dubai free zone or mainland.
As you read further, you will learn all there is to know about how to set up a company in Dubai free zone, its benefits, and the license cost.
What are Necessary Steps to Set Up a Company in Dubai Free Zone?
Although it is a very straightforward process, you need to be very careful and vigilant with paperwork and a couple of other important steps involved in the registration process. You need to take note of the following steps while preparing to set up a company in Dubai free zone:
1. Decide the Legal Structure of the Company
The first step is to decide what type of legal structure you want for your company. You can set up an LLC or a branch office for an existing foreign company. Once decided, you need to register your company with DED (Department of Economic Development).
2. Select the Business Activities
Once you register with DED, you will need to select the business activities you want to conduct. The DED will provide you with a list of business activities to select from. Don’t worry if any activity that you want to conduct is not on the list. You can simply obtain external approval for the same.
3. Reserve Your Company Name
Select a suitable name for your company and register it with DED. Make sure you meet all the requirements and follow all regulations while deciding a name for your company. A few of the important ones are to avoid the use of abbreviations, not to use any abusive words, and use the full name of a person; if naming it after one. Moreover, do not use words that could hurt anyone’s sentiments or target any religion.
4. Acquire Initial Approval
This is one of the crucial steps. It is very important to obtain an initial approval certificate from the DED or any other concerned authority. Note that you cannot acquire your trading license without the initial approval certificate. Present the payment receipt for the company name reservation and a couple of other documents. If the authorities are satisfied and approve your documents, you will be granted an initial approval certificate.
5. Rent an Office Space
Once you’re done with the steps mentioned above, it’s time for you to rent an office space. If you want to set up a company in Dubai free zone, you need to have a professional address. All your legal notices, documents, and other business-related stuff will be sent to this address. Choose a location in favor of your business. Moreover, make sure it is spacious enough to conduct business activities with ease.
6. Get Tenancy Contract
After you’ve decided on the location and rented an office, you need to get a tenancy contract. Register your office online with Ejari. Ejari is an online platform to keep a record of all the lease contracts in the emirates. Hence, it is compulsory to register with Ejari. Moreover, you will need to obtain your unique Ejari number for future references and inspections.
7. Wrap Up The Paperwork
Now, you need to collect all the important documents, submit them and wrap up all the necessary paperwork. Get the MoA and AoA signed by all the shareholders. Keep all the identity proofs ready in one place. Make sure to check all the papers twice before submitting them to the concerned authorities and the DED. Once all your papers are approved and the DED will grant you permission to conduct business in Dubai. Furthermore, you can now acquire your business license.
8. Secure Your License
Now that you have completed all the steps to set up a company in Dubai free zone, you need to complete the required payment. The DED will send you an e-mail that will include a payment voucher. All you need to do is pay through that link and acquire your business license. Also, make sure to complete the payment within 24 hours of collecting your license. If you fail to do so, it might get canceled.
Also read the post: How to Start a Small Business in Dubai?
What Are The Benefits of Setting Up Business in Dubai Free Zone?
- Freedom to repatriate 100% capital invested and the profits earned.
- No minimum capital requirement.
- Exemption from any and all types of taxes.
- 100% foreign ownership
- Conduct labor recruitment smoothly, in a cost-effective manner.
- Zero currency regulations in free zones.
- Easy availability of workspaces.
- Simple business incorporation procedure.
Set Up Your Company in Dubai Free Zone Today!
As I read, the process to set up a company in Dubai free zone is straightforward. It has numerous benefits and you can acquire your business license in just a matter of 3-4 working days. So, if you’re willing to start a new business in Dubai free zone, you’re on the right path. But, if you’re still wondering how to set up a company in Dubai free zone without any hassle and have any doubts, you can seek help from company formation experts. Experienced business consultants at Shuraa Business Setup will clear all your doubts, help you out with the paperwork, registration and acquire your license at a low cost. All you need to do is call us and we will take care of the rest.
Book a free consultation with our experts to know more about how to set up a company in Dubai free zone, or you can also call +971 44081900. You can also send a WhatsApp message at +971 50 777 5554. For email assistance, mail your query at info@shuraa.com.
