Establishing a company in the free zone in Dubai, the UAE government seeks to attract investors from all over the world and provides many facilities, including providing free zones in Dubai , which enjoy many advantages. In this article, we review the most famous establishment of a company in the free zone in Dubai in addition to the most frequently asked questions.
How to set up a company in Dubai Free Zone
To establish a company in the Dubai Free Zone, it is necessary to complete three main steps. The first of these steps is to obtain a commercial license, obtain a residence visa in Dubai, and open a bank account. The validity period of these licenses is one year from the date of issuance and is renewed annually.
Here are the steps required to establish a company in the Dubai Free Zone in detail:
Steps to establish a company in the free zone in Dubai
- Select license type and business activity
There are several types of licenses for free zones, and the type of license is determined based on the nature of the company’s activity. For example: commercial activity requires a commercial summary, services and consultations require a service license, and industry and production require an industrial license.
- Choose a free zone
Dubai contains many free zones, and each free zone has a set of permitted activities. Visas and types of offices also differ from one free zone to another. Therefore, you must determine the free zone that is appropriate for the nature of your work according to your activity.
- Determine the company structure
The company structure can be one of the following:
- A new company with shareholders.
- Subsidiary company with shareholders.
- Joint venture company.
- Branch of a local or foreign company.
- Choose a trade name and prepare the documents.
Economic development departments require certain controls for the name. It must not violate public taste and must be consistent with the nature of the activity.
- Request for preliminary approval
Initial approval includes the locations on the company name, business activity and proposed company structure.
- Signing legal documents
Interview the free zone representative to verify the passport of the ultimate beneficiary or shareholder and then sign documents such as the board of directors’ resolution etc.
- Establishing a business website
A business headquarters must be established for the company, whether by purchase or rent, and it must be a real headquarters in the free zone appropriate to the nature of the activity.
- Obtaining licenses
After completing all the previous steps, the investor can receive the license and attach some documents and papers with it, in addition to the economic development steps to pay the license fees and then register in the Chamber of Commerce of the Emirates as a member.
To know the costs required to establish a company in the free zone in Dubai, you can contact us and our experts will provide you with all the information. We have experts to complete all the procedures, documents and papers required to establish a company in the free zone in Dubai.
