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Business Setup in Dubai FreeZone

Dubai is known for its business-friendly environment and reputation as a hub for entrepreneurship and innovation. The city has a diverse economy with many sectors, including finance, real estate, tourism, and logistics.

Starting a business in Dubai can be an excellent option for entrepreneurs looking to establish their presence in the UAE and the wider Middle East region.

Setting up a company in a Dubai FreeZone can be quick and easy with proper guidance and support. However, it’s recommended to seek the assistance of a local business setup consultant like CBS, who can help you navigate the legal and regulatory requirements and ensure a smooth setup process.

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Benefits Of Business Setup in Dubai FreeZone?

For local and foreign investors looking to expand their business globally and mainly in the MENA region, setting up a business in Dubai FreeZone can provide numerous advantages. This Includes:

100% Foreign Ownership: One of the primary benefits of setting up a business in Dubai FreeZone is that foreign investors can own 100% of their business without needing a local partner or sponsor.
Tax Exemptions: Businesses with a FreeZone license in Dubai are exempt from corporate taxes, income taxes, and customs duties, which can significantly reduce operating costs.
Easy Setup Process: The setup process in Dubai FreeZone is straightforward and streamlined, with most applications being approved within a few days.
No Currency Restrictions: Dubai FreeZones has no currency restrictions, allowing businesses to repatriate profits and capital freely.
Flexibility in Business Operations: Businesses in Dubai FreeZones can operate 24/7 and have the flexibility to customize their operations based on their business needs.

Types of Company Formation in Dubai FreeZones?

The type of Dubai Freezone company formation you choose will depend on your business needs and objectives.

The two main types of company formation options available in Dubai FreeZones are:

FreeZone Establishment (FZE): This is a single-shareholder company formed by an individual or a corporate entity.
FreeZone Company (FZCO): This type of company requires a minimum of two and a maximum of five shareholders. The shareholders can be individuals or corporate entities.

Types of Business Licenses in Dubai Freezones?

The type of trade license required to start a freezone company will depend on the nature of your business and the activities conducted within the freezone jurisdiction. The most common types of business licenses in Dubai freezones include:

General Trading License: This license type is required for businesses buying and selling goods within the UAE or internationally.
Industrial License: This type of license is required for businesses involved in manufacturing, assembling, and production activities.
Professional Service License: This type of license is required for businesses providing consulting, marketing, IT, and other professional services.
Tourism License: This type of license is required for businesses involved in tourism activities, such as travel agencies, tour operators, and hotels

Procedures For Getting a Business License in Dubai FreeZone?

The procedures for obtaining a trade license in Dubai FreeZone may vary depending on the specific freezone and your business activity, but in general, the process typically involves the following steps:

Choose a FreeZone: Choose a freezone based on your business needs and objectives. Each freezone has its own set of regulations, so it’s essential to research and select a freezone that best suits your business.
Determine the Type of License: Determine the type of license that is required for your business activity based on the regulations of the chosen free zone.
Select a Company Name: Select a unique company name that complies with the naming guidelines of the chosen free zone.
Submit Application: Submit the license application form along with the required documents.
Obtain Initial Approval: Once the application is submitted, the free zone authority will review the application and provide initial approval if all the requirements are met.
Sign the Lease Agreement: After obtaining initial approval, it’s required that you sign a lease agreement for a physical or virtual office space.
Obtain Final Approval: After signing the lease agreement, submit the necessary documents to obtain final approval for the business license.
Collect Business License: Once the final approval is obtained, the business license can be collected from the free zone authority.

How Can We Assist you in Starting a Business in Dubai Freezone?

At Corporate Business Services ( CBS), we provide hassle-free business setup services in Dubai for both local and foreign investors and entrepreneurs. We’ll help you navigate the complexity of starting a business in the UAE, from going through the entire company formation process in Dubai, including finding a local service agent and getting permits and approvals.

Our expertise and experience can benefit you, save time and money and ensure that your business is set up for success.