Staring an own business in the free zone is very simple and hassle-free. It is because the authorities of free zone only require less duration, minimal paperwork, and fewer efforts.
If you want to set up your business in the free zone of UAE, you must come with a perfect vision. Each business requires a vision. To turn your vision into true is a dream of each person. When you decide to open your own business, you require creating an excellent business idea. Dubai is a UAE city where you can find out an array of free zones to do a trade. Along with this, it also includes free industrial zones which are ideal for the potential investors who like to make more profit out of the investments. In short, Dubai is very healthy with an extensive range of new and other sectors of companies. There are lots of firms globally want to set up their business or company in Dubai. Here are main steps to free zone company setup in Dubai as follow.
Steps to begin your company in free zone
This passage let you know the simple process of starting a company in the free zone. It is significant to know that the authorities of every free zone come with their own regulations and rules. Apart from that, they have their unique setup procedure. The following are common steps of business set up in Dubai:
- Establish the legal entity type
- Select your trade name
- Apply for your business license
- Select a business space
- Acquire pre-approvals, get the license and register the business
Decide the type of entity
It is an initial step for setting up a company in the free zone. In the free zone, you can start any one of the following two different kinds of firms, including:
- FZE (Free Zone Establishment)
- FZ Co (Free Zone Company)
The shareholder numbers will vary from one type of company to another. FZE needs one shareholder and FZ Co requires more than one shareholder. All kinds of free zones do not register both the two types of business.
Select your trade name
Choosing a trade name is the second step for setting up your business in the free zone. In most of the instance, you can ensure that the selected name is already registered or not with free zone authority.
Select your business activity
In free zone, you can select from more than three thousand business activities that range from more than hundred sectors like shipping, diamonds, gold, commodities, aviation, and energy, professional services, financial services, personal services, community services, FMCG, constructions, technology, media, education and much more.
Acquire initial approval
The business form in every free zone is actually following the rules and regulations of the respective free zone. For acquiring the approvals, you require applying with the documents. The documents list differs from one kind of business activity and company type as well as needs of free zone authority.
Select the office space
It is always helpful to know the dubai freezone company setup cost before leasing or buying a business space in the free zone. You can select the office space based on the number of works and kind of business activity. If you have a limited budget, you can prefer cheapest freezone in dubai.
Acquire the license
The final step is to get the approval. After that, you require paying license fees and registration fees. If you already know the business setup in Dubai cost, you can avoid many unwanted hassles. These are simple steps for uae free zone company formation. By following the steps, you can set up your business in a free zone without facing any difficulties.