How to Begin Your Company in the Free Trading Zone of Dubai?
Dubai’s Free Trading Zone has attracted the top-grade companies with its lucrative offers. It provides a multitude of benefits to all the foreign as well as domestic investors. Some of the benefits it offers are tax exemption, 100% ownership, no currency restriction, reduced operational cost etc. As a result, the ‘Free Trading Zone’ has lured many entrepreneurs to begin their start-ups there.
Decide the Type of ‘Legal Entity’ Before Beginning Your Business in Dubai’s Free Trading Zone
Business setup in Dubai Free Zone is popular because of all the infrastructure and cost benefits it offers. The authorities of the ‘Free Zone’ require minimum paperwork and duration. For setting up your business here, you need to first decide on the ‘type of legal entity’. You can set up either a ‘Free Zone Establishment (FZE)’ or a ‘Free Zone Limited Liability Company (FZ LLC)’.
Free Zone Business Setup Consultants in Dubai
Choose Your Business’s ‘Trade Name
Choosing a proper ‘trade name’ is an essential step for Business Setup in Dubai Free Zone. Before deciding on a ‘trade name’ it is necessary to check with the respective ‘Department of the Economic Development’ or the ‘Free Zone’ authority to check out whether your proposed ‘trade name’ is registered or not. To get your ‘trade name’ approved by the DED, it should not violate the ‘public morals’ and must be compliant with the required ‘legal status’.
Application for Your Company’s Trade License
The type of ‘business license’ you apply for must be related to your business activities. It is possible to start any company in the ‘Free Trading Zone’ like advertising, animation, content production, graphic design, film production, gaming development and much more. You need to apply for the ‘dissemination license’ if you want to begin a business of this type.
Choose an Office Space for Your Business
You have the option of either buying or leasing your office spaces in the ‘Free Trade Zone’. Your office requirements must be on the basis of the ‘type of business’ your company carries out and the various employees involved in your company. Free Zone Business Setup Consultants in Dubai can help you to carry out all the business formalities.
Business setup in Dubai Free Zone
Get the ‘Pre-Approval’, Ensure Company Registration and Get Your License
If you decide to begin your company in Dubai’s ‘Free Trading Zone’ you must abide by its respective rules and regulations. In order to obtain the necessary approval, you must apply for the required documents. The kinds of documents vary on the basis of the ‘business activity’ and requirements of the ‘Free Zone’ authority. After approval, you are expected to pay the fees for your company’s registration and license.
With a good knowledge of the different steps to follow for setting up your company in the ‘Free Trading Zone’ of Dubai, you can carry out the legal formalities easily. For ensuring hassle-free set up of your business in Dubai’s ‘Free Trading Zone’ you can hire the services of Mainland Business Setup Consultants in Dubai.
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