Dubai Free Zone Company Setup – Business is booming all over the UAE. The UAE Free Zones offer many career benefits for anyone who wants to succeed in the country. Here is everything you need to start setting up a free zone business in Dubai.
Entrepreneurs gather in various parts of the Middle East, including Abu Dhabi and Dubai. For many years, the UAE government has supported small businesses and start-ups across the country. The attractiveness of the institutions located in the Dubai Free Zone makes the city a popular place to set up and start a business.
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The reason why free trade zones have become so popular is no secret. Tax benefits include zero corporate and personal taxes, 100% company ownership, 100% repatriated capital and profits, no currency restrictions, and 100% exemption from import and export taxes. Plus, amazing partnership opportunities and a flexible lifestyle are part of the deal.
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Have you decided to start a business in Dubai and are wondering if freelancing is right for you?
It’s time to find out what you need to make that happen and how to start a business in the Dubai Free Zone.
The first step in setting up a company in the Dubai Free Zone is to decide on the business you want to run as this will affect where you can register your company.
Registering as a freelancer may be a cheaper option; however, not all Dubai freelancer zones issue freelancer licenses so your choices are somewhat limited. Meanwhile, there are plenty of options for a business in the Free Choice Zone, offering both regional and full-service.
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The type of license you apply for will also depend on the business you want to do such as professional services, e-commerce, commerce, commerce, etc.
What to do next? While it may seem difficult to list all the activities you want to do, you don’t have to be too restrictive here – Dubai’s many free zones allow you to run multiple businesses with a single license.
Dubai has specific requirements as to what activities are allowed under which permits. Therefore, the best advice at this stage is to work with a professional company incorporation to ensure that the process goes smoothly.
Once you have decided what type of business you want to start, the next step is to determine which freelancing is right for you. There are dozens of great free zones in the UAE to choose from. Going through the list and deciding where you want your business to operate can be a process.
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There are several factors to consider when making this decision, starting with whether or not you want to set up an industry-specific duty-free zone. Some of the successful industry careers in the Dubai Free Zone include:
In addition, more extensive free zone options are also available. For example, free zones such as Dubai South and the DMCC are open to a variety of activities.
Dubai Knowledge Park is known as the only free zone in the world dedicated to staff, teaching excellence, consulting and testing centers. Fujairah Creative City is 90 minutes east of Dubai and provides resources for many creative industries. These include sales, event management, publishing and broadcasting.
Sharjah Media City Free Zone, commonly known as Shams, is known as a cutting-edge destination for media companies. These free-standing office spaces are designed to support entrepreneurs, especially from the IT and media industries, as well as other business ventures.
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Then there is the Umm Al Quwain Free Zone. It is one of the most unique free trade zones as it allows companies to apply for permits and set up businesses without a visa.
The location of the selected free zone should also be taken into account. If you are dependent on international trade or travel, in addition to issues such as the accessibility of major highways, you also need to consider proximity to ports and airports.
Choosing a name for your business is difficult, no matter where in the world you choose to start.
There are many factors to consider, from emotional to practical. For example, does your name evoke an emotional response? And if so, what does it say? Reliable? High class? In addition, other naming techniques must be considered in the UAE.
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First, make sure your company name is available for registration. A company setup specialist can easily check this and even help you choose a company name in the UAE. There are also certain standards headlines must follow, including avoiding vulgar language or mentioning religious or political organizations.
Finally, if you decide to name your business after a person, there are a few more things to consider. This person must be a partner and shareholder in your company and can only have their full name, no abbreviations or abbreviations.
Now that you have decided what you want to do, where you want to do it and the name you will be dealing with, it is time to officially start your business in the Dubai Free Zone by applying.
The specific documents required to set up a business in the Dubai Free Zone will depend on the type of trade license you are applying for and the free zone you choose. Some or all of the following are usually required.
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When setting up a job as a freelancer working for an independent company, you may also need to provide proof of an invoice or work order.
At this stage, you can also start applying for a visa. You can apply for your own UAE resident visa as well as a visa for your employees and any domestic helpers.
What to do next? Whether you are applying for your own visa or sponsoring someone else’s, the process is the same: permission to enter, change of status, medical examination, then application for an Emirates ID and visa stamp.
Of course, you will need a bank account to trade. Make sure you have a Dubai Free Zone business account that is separate from your personal account. Opening a corporate bank account in the UAE is not always straightforward and there are a number of issues to consider, including each bank’s eligibility criteria.
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First you need to make sure you have the proper documentation. In addition to a business license, you may need:
Then you need to choose a financial institution. This is where a business start-up specialist can help and advise which bank is best suited to your specific needs.
And that’s all. It’s really simple. Just six steps to start a business in the Dubai Free Zone. Of course, as with any business decision, there are always potential pitfalls in the process.
However, if you approach the process with a sober eye and look for the right guidance, in most cases your business will be up and running within a few weeks.
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Whatever your reason for starting an independent business in Dubai, we can do all the hard work for you and get it done in just 24 hours!
From the choice of the type of business and company name, the costs of setting up a company, registration with the relevant authorities, the convenient opening of a company bank account and the processing of the visa application – we will handle it at every step.
In some cases, you can even register a company without going to the UAE.
If you think that opening a business in the freelance sector is the best option for you, contact Virtuzone today. If you haven’t heard of Freezone in Dubai, you may be missing a rare business opportunity of a lifetime. . Treat these areas or regions as special economic zones created for the sole purpose of creating favorable conditions for foreign investors. Investors can enjoy great tax benefits as well as customs tax credits that are lucrative enough to attract any potential investor looking to set up a business in the Dubai Free Zone.
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If you have a company registered with Dubai Freezone, it is called Dubai Freezone Company. Establishing a business in the Dubai Free Zone is a systematic process that requires you to follow a specialized set of rules and act in accordance with the rules and regulations of the relevant authorities that have been put in place. free zone in dubai. United Arab Emirates. In this article, we will try to cover this topic as briefly, but as clearly as possible, so that everyone has a completely clear idea of u200bu200bwhat it is.
Before we delve into setting up businesses in Dubai Free Zones, we need to understand the corporate organizations responsible for the management and operation of the aforementioned Free Zones. Includes:
The main difference between them is the number of shareholders. The Freezone Foundation is a single entity (person or company) that is the sole shareholder of freezone. On the other hand, Freezone can have multiple shareholders. From the point of view of the seller or investor, both have equal operational advantages.
This is where we need to help our readers understand the difference between the Dubai Free Zone and mainland Dubai in business terms. Starting a business in the Dubai Free Zone may have its advantages, but Mainland Dubai is where
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