Dubai is one of the most attractive business destinations in the world. Whether you want to start a new business or expand your already existing business, the city has a lot to offer. The friendly laws, flourishing economy, and global connectivity makes it a top destination for foreign investors. When it comes to business set-up in Dubai, the free zones are in high demand owing to the numerous benefits they provide. Complete foreign ownership, tax benefits, and no duties are some of the prominent benefits.
Are you planning to start a business in the Dubai free zones? If yes, below are the steps must follow. Let’s take a look!
- Decide the Type of Business
When you are determined to start a business in the Dubai free zone, the first thing you have to do is decide the business type. It is important because not all free zones provide a license to every business. So, based on your business activities, you will be able to find the right free zone in Dubai. Basically, the free zones provide you with two options. You can either set up a Free Zone Establishment (FZE) or a Free Zone Company (FZC).
- Choose a Free Zone
Once you have finalized your type of business, selecting a free zone in Dubai becomes simple and easy. For instance, if you want to set up a business in the tech sector, Dubai Internet City is an ideal option. On the other hand, if you are into eCommerce, choose Dubai Commerce City.
- Select Your Company Name
The next step is to come up with a company name for your Dubai free zone business. Try to look for a name that informs the target audience about your business while evoking emotion. It is recommended to check with the free zone authorities about the availability of the selected company name. Make sure that the chosen name does not violate public morale. Moreover, it must be as per the legal norms.
- Choose an Office Space
Once you have decided on the name, it is time to start your search for office space in the selected Dubai free zone. The location and size of your office space will depend on your business activity and the number of employees. Try to look for a physical office space that is easily accessible.
- Obtain Approvals and Register Your Business
The final step is to get your business registered. Make sure to gain insights into the rules of the respective free zone and get approval for your business. Submit all the required documents and register your company successfully.
Setting up a business in the Dubai free zone is simple and easy. All you need to do is know the right steps to follow. Now that you have a complete idea about the business set-up process, it is time to get started. IFZA can provide you with the necessary guidance and support from the start till the end and help you establish your company in Dubai free zone. Get the assistance of professionals and set up your company efficiently.