Starting a Free zone Business in Dubai and How?

You are eager to launch a business in Dubai but you aren’t sure how to get started. To begin with, you have to determine the business that you have planned to establish. And for those thinking that if Dubai’s free zone company formation would be a better option or not, it comes with sufficient possibilities and offers both comprehensive and sector-specific zones on good offers.

If setting up a Free zone business in Dubai is what you are thinking of, then here are a few steps to get started.

Top Tips to Start-up a Free zone Business in Dubai

Pick a Business Activity(s) That You Wish to Operate in

The first step to freezone business setup in Dubai is to determine the business activities that you would be carrying out, as the entire thing can have an impact on the location where you would be registering your company. Also, the applied license will be based on the business activities that you have chosen, like professional services, trading, and commercials.

What Pro Tip to Keep in Mind when Choosing Business Activity?

The process of choosing the activity that you want to carry out in your business might be challenging but still bear in mind that you aren't required to restrict yourself too much over there. A lot of Dubai free zones let various business activities operate under a single license. It is however great if you can collaborate with a Dubai free zone company formation expert when picking a business activity, given how the country imposes certain requirements about what business activity to be allowed and under which license.

Get A Free Zone for Your Business Establishment

Once you are done determining the business activities, your next step would be to decide the suitable free zone for yourself.

What to do Next After You Have Selected the Right Free Zone for Yourself?

There are multiple factors that you must take into account when making this decision. To begin with, you must determine if you want to launch your business in a sector-oriented fee zone. Some of the industry-focused free zones in Dubai cater to finance, science, maritime, media, outsourcing, design, production, ICT, and healthcare. There are certain options available for free zone.

Give a Name to Your Company

It isn’t a child’s play to name your company, irrespective of where you are based. When naming a company, a lot of things come into play that ranges from emotional points to practical points as well. When naming the company for Free zone business setup, think if it is evoking an emotional response from your clients. And the reason behind the name you have given. Consider if the name that you have chosen is worth trusting and is the best. Dubai imposes a lot of conventions for company naming.

Create Your License Application by Taking Every Documentation Seriously

Once you are done choosing what business activity to indulge in for business setup in Dubai and where to launch your business and even naming it, you must then think of submitting your license application to a Dubai Free zone business formation consultant. The documents that you need for the formation of the business are based on the license type for which you have applied and your selected free zone.

Apply for the Visa

You can get started with your visa application for your Free zone business set up after you have made your license application. Along with your visa, you can also apply for your employees’ visa along with other domestic staff. The process for all visa applications is similar and starts from entry permits to adjusting status, undergoing medical fitness followed by Emirates ID registration and stamping of visa.

To Start Trading, You Need to Open a Bank Account

To start trading and set up business in Dubai free zone, you have to open a bank account. It isn’t very easy to open a bank corporate account in the UAE. You have to take multiple considerations. Some of the things that you need to open your corporate bank account are:

1. 1. A photocopy of your share certificates
2. 2. Form for your corporate bank account opening
3. 3. A photocopy of your company’s incorporation
4. 4. Photocopy of your company’s memorandum followed by the articles of association.

This is it, setting up a free zone company in Dubai is this easy. Free zone business setup in Dubai is easy if you can follow these six steps. Although like all other business decisions, you must be wary of the pitfalls that come with it. But once you get properly guided by a company formation consultant, you can everything in place and set up your company easily.

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