Start Your Dubai Free Zone Company Setup

The process of a Dubai Freezone company setup is broken down into simple steps, making it highly easy to complete. Free zones in Dubai present a remarkable and appealing chance for business people desiring to set up their businesses in a positive environment. In this article, we will explain the vital steps to start your free zone company in Dubai efficiently. We will cover each point from learning the advantages of free zone formation to completing the lawful demands and selecting the appropriate free zone as per your business demands to start your journey.

 

What is a Free zone Company?

A free zone is usually directed to an economic zone where products and services can be swapped at reduced tax and customs rates. One major misunderstanding is that free zones and offshore companies are the same kinds of companies. Free zone companies are onshore units that can run business in this city in case certain demands are fulfilled. Offshore companies, on the flip side, are established particularly to run businesses out of their registration jurisdiction or the site of their major owner.

The United Arab Emirates has a blend of free zones, with new ones being counted per year. More than 150,000 corporations in the nation are also situated in the free zones of the country. In addition, this statement is enhanced from time to time. Approximately AED 12,000 is the expense of a Freezone company formation in Dubai. However, the cost will differ depending on the free zone you have selected and the demand for your visa.

This is vital to note that free zone companies are now able to set up branch offices in the mainland jurisdiction. To do that, the businessman needs to register its branch with Dubai’s Department of Economic Development with a similar company name.

Steps for a Dubai Free Zone Company Setup

The vital moves mentioned highlight the procedure of a Dubai Freezone company setup. Let’s understand deeply each move for the procedure –

1. Choose the Type of Legal Entity

Selecting the sort of legal unit for your company is a vital move for your Freezone company formation. The structures you can pick from are Limited Liability Company, Branch office, or Subsidiary. The choice will be based on the aspects such as liability, ownership, and functional demands. You can get assistance from seasoned business setup consultants to choose the appropriate legal entity.

2. Pick a Business Name

Pick a remarkable business name for your corporation that adheres to the rules and regulations that are specified by the free zones departments. This is vital to examine the name availability and make sure that it shows your business activities. You can’t take the name of any of the running companies, you have to pick a new and memorable name.

3. Apply for a Business License

Now you need to make an application for a business license for a Freezone company formation in Dubai. The business license will show the activities of your company. This is vital for running a business in a legal manner. You have to present the required documents for your application submission.

4. Select an Office Space

You have to choose an office space as per the rules and regulations of the free zone you have selected. Free zones usually present different kinds of alternatives that comprise flexi desks, dedicated office spaces, and shared offices, to complete various kinds of business necessities. For this, you can also get the help and suggestions of a proficient business setup consultant in Dubai.

5. Get Pre-approval and the Vital License

Now you have to make an application for initial approvals from the appropriate authority of the free zone. This can comprise presenting vital and demanded documents. Once you receive the crucial approvals, you can go ahead with the procedure of your company registration and acquiring a business license, which lets you run your company legally in your desired free zones.

Cost for a Dubai Freezone Company Setup

The cost for a Dubai Freezone company setup can differ highly depending on different aspects, such as the selected free zone, type of business, and particular demands. Usually, expenses like these can be expected -

Free zones usually collect a pre-license registration cost, which can differ based on the choice of free zones. Initially, the fees to begin a company in a free zone begin from AED 12,500.

Renting an office or warehouse in the site of the free zone is another expenditure. Rent expenses can differ as per the location and the office or warehouse size.

In case you make a plan to sponsor employee visas for your team or acquire a visa for you, there are some related charges, comprising the cost of visa processing, and medical exam charges. Based on your business demands, you may have to pay for some additional services like legal consultation, paper translation, etc.

This is vital to analyze and educate yourself about the cost structure of the particular free zone to make a precise budget for your Freezone company formation. You can hire a start any business who will guide you on the exact cost related to a free zone company formation and also save you costs.

Conclusion

A Dubai Freezone company setup is an easy procedure when you understand the right steps. Above you can get the knowledge of crucial steps for business formation and an estimation of the cost for your setup. By using this information you can effortlessly commence or conduct your business operations in Dubai.