What is the Procedure for Business Setup in Dubai-Free Zones?

What is The Procedure for Business Setup in DubaiFree Zones?

Choose A Business Type/Activity ● The very first and prior step in company formation in UAE is to decide the type of business. ● After you are done deciding the kind of business you want, you can move further. ● You can now register your company officially or begin the process. ● Your business type or activity will also define the type of license you’d want. ● A free zone can allow different types of tasks under one license. ● In these times, it is best to seek a consultant’s help for the best advice.

Search For An Apt Free Zone For Your Business After you are done choosing your business type, the next step is to choose the apt free zone for the business. ● ● ● ● ● ●

You can always go for a sector-specific free zone like healthcare, production, design, etc.

But there can also be wider free zone options to choose from.

These zones can let you operate over wider niches.

For example- South Dubai, DMCC. Carefully choose the location of the Freezone company setup in Dubai.

Proximity to transportation hubs can be of great help.

A Name That Attracts People To The Company/Business In the process of setting up a company in the UAE, the decision of name can also be a very important step. It is going to be your trademark and will decide the number of people you attract.

A lot of factors are to be taken care of when one is naming a business in Dubai free zone. ● ● ● ●

The name should not be controversial or provoke people negatively.

A company name should be impressive, classy as well as attractive.

Then, the next step is to check if the name is not already registered.

Again, you can hire a consultant in UAE for the process.

Filling In The License Application For The Trade Filling in the application form for a license is the next step to set up business in Dubai Freezone. There are different types of licenses you can apply for, in UAE free zones. The procedures will also be different. You shall require the following documents for the freezone license application: ● ● ● ● ●

Shareholders’ and your passport, visa A detailed business plan in writing Memo and association articles Resolution of board Income/Invoices proof/ work orders

Application For Visa -

You should apply for not just your but your employees’ and shareholders’ visas. The process for Visa application is as follows:

● ● ● ● ●

Entry permit Status Adjustment Medical Fitness certificate Emirates ID registration Visa stamping

Initiate A Corporate Bank Account - A business or corporate account is mandatory for starting a business in Dubai free zone.

- A corporate account in UAE is not a simple process though.

- Following documents are required for freezone corporate account opening: ● ● ● ● ●

Account Opening form Board Of Directors’ consent and resolution for account opening Company’s incorporation certificate Shareholders’ share certificates Passports and Visas copies

Thank You contact@dubaibusinesssetup.ae https://www.dubaibusinesssetup.ae/