The Free Zone Authority in Dubai is the government organization that handles registration formalities and issues business licenses to non-resident companies or foreign-owned businesses for company formation in Dubai free zones. Business setup in Dubai free zone brings a sea of opportunities for networking, collaborating and extensive growth in the business. The appealing tax regime and many incentives offered by the free zone authorities make Dubai the most preferred nation by an investor for company formation.
Free zones are the most favorable locations for business setup equipped with state-of-the-art infrastructure, duty and tax exemptions, world-class business amenities, flexible government policies, and unmatched facilities.
These are not the only factors that drive Dubai free zone company formation; there are many more benefits of forming a company in Dubai, like:
1. Choose a business activity
Decide a business activity you wish to carry out, as the type of license you apply for will depend upon the nature of the business activity. Many Dubai zones allow for multiple business activities, so have many options to explore.
2. Find a free zone
Once you have decided on a business activity, the next step is deciding which free zone is right for you. Basically, there are sector-specific zones like IT, healthcare, commerce, trading, etc., therefore, research before choosing one particular zone.
3. Choose a company name
Before finalizing a name, you need to ensure that your business name is available to be registered on the free zone authority portal. There are also certain standards that the name must adhere to, including avoiding any blasphemous language or references to religious or political organizations.
4. Gather all the documents and apply for a license
After deciding the business activity and registering the trade name at the portal, the next crucial step is to apply for a license. Type of license depends on the business activity. To apply for the same, you need to first fill the application form and gather the documents, as mentioned in the form. Also, you can make a visa application during this process.
5. Open a corporate bank account
Opening a bank account is an easy process. But to do so, you have to again gather the documents as well as your business license and provide it to the chosen financial institution.
After the 4th step, you will get a valid license within 2-4 weeks, and you are good to go.
Dubai’s free zones are extremely popular among entrepreneurs and business owners for company setup due to their reputation of being tax-free zones with free trading ports that can be solely owned by the person who sets it up (irrespective of the nationality). Additionally, Dubai free zone company formation does not have a restriction that mandates the presence of a local sponsor to act as a point of liaison, which acts as a catalyst for increased foreign investment. Dubai free trade zone company registration process is quite smooth and requires only that the share capital arrangements are made prior to applying for a license.
Freedom of doing business, huge tax savings and favorable government policies lead investors and businessmen to set up their operations in Dubai free zones. EBS has the experience and resources to help you realize your company setup dreams without worrying about the red tape, visa applications, documentation, and licensing formalities, residence permits, banking details, etc., as our experts take care of all these requirements.