Establishing or expanding your business in the federation of seven emirates, UAE is no more an impossible task. The advantageous location of this place has attracted many investors and organizations to setup their businesses in and around the area. To register a business in Dubai, one needs to have sufficient knowledge and understanding about Dubai’s market. Moreover, every business has its own merits and demerits about which the investor must be thoroughly aware of. He must understand his business operations and the legal aspects of doing business in the emirates.
Free Zone Company
Excellent location and flexible policies have transformed UAE into a lucrative destination to establish various businesses. Out of the total 7 emirates in UAE, 5 of them have approximately 40 free zones in total. Before setting up your business here, you must be well aware of the term ‘free zone’. A free zone is a trade zone, which is free from all the local government policies.
Among all forms of companies that can be established here, a Free Zone Company is one of the most productive one. Investors will have 100% ownership when setting up such a type of company. Known for its ease of doing business, it ranks high in the list of special economic zones. This zone helps companies to function at its best and possesses excellent infrastructure, quality services and personalized attention.
To register a business in Dubai, there are total of four procedures to follow:
- At the onset, the investor needs to decide the type of company he wants to establish. As per the needs of his business, he can select either Free Zone Establishment (EZE) or a Branch Office. To form a FZE, it is required to have at least 1 shareholder and maximum of 50 along with a minimal share capital of AED 1000. On contrary, Branch Office can be established by an existing foreign company and does not required to have any minimum capital.
- To establish your business, Free Zone offers both light industrial units as well as wide range of premium offices on rent. Companies can conduct their business operations from here.
- It is mandatory to register your business and acquire a Dubai business license, which is the written approval for the activities you are going to undertake. It is up to you to choose from the two types of licenses available – trade and service.
- It is essential to submit your company information as well. For this, you need to submit certain necessary documents along with the application form.
To register a business in Dubai, you can even seek help from an experienced company setup consultant. They provide assistance in completion of all the legal formalities. This relieves your tension of establishing your office in an entirely different nation. These consultants also assist the entrepreneurs and guide them till the very end of the establishment process.