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Dubai is becoming a renowned business hub of the world and the business landscape in the city is very robust. There are unparalleled opportunities in Dubai for every entrepreneur.
The Free Zones in Dubai are an essential component in the overall business growth in Dubai. Foreign investors can easily set up their base in any Free Zone in Dubai. They help business owners conduct business legally in the UAE by complying with the regulations.
The Free Zones in Dubai follow a certain process of setting up a company. There are various factors involved in choosing the right Free Zone and Company Package for a business.
The Free Zones are demarcated areas that offer business investors a host of business benefits. It will provide the perfect platform for business owners to facilitate trade and commerce in the UAE and abroad.
Free Zones in Dubai have a specific regulatory framework and allow business owners to take 100% ownership in the company operations. Also, there are many advantages such as tax exemptions, full profit repatriation of profits, top-class business infrastructure and more.
Dubai has numerous popular Free Zones catering to specific industries and business requirements. Some of the most dynamic Free Trade Zones in Dubai are the following
Additionally, there are Free Zones such as Jebel Ali Free Zone, Dubai Internet City ( Tecom), Dubai Silicon Oasis, Dubai Knowledge Park, Dubai Healthcare City, etc., that are specific to industry sectors such as Media, technology, Medical, and more.
There are certain advantages to starting a Company in Dubai’s Free Zones. The most common business benefits are the following.
State-of-the-art facilities comprising of office spaces, warehouses, logistics support for businesses to grow and thrive
Choose the right Free Zone that aligns with the business objectives and requirements.
The business activity, location, office space rent, industry focus, and available facilities are a few parameters to consider while selecting the Free Zone.
Prepare the required documents of the shareholder - Passport Size photograph, Passport Copy, Share Certificate, Entry Visa details (if any)
Submit the required documents and the application form to the respective business license issuing authority. Also, make the necessary fee payment for the trade license to the Free Zone authority.
Prepare the tenancy contract for the office space if the business owner is renting the office in the Free Zone premises. The aurion team will help in finalizing the tenancy agreement.
Wait for the documents reviewed and obtain the Trade License to conduct the desired business in the UAE.
After receiving the trade license, apply for the residency visa for the investors and employees. Depending on the Visa Quota, the company can proceed with hiring more employees.
The business owner can open a bank account in UAE at several international or local banks. The new trade license will act as a document proof to open a bank account in any bank in the UAE or abroad.
We are well known company formation specialist in UAE. Our experts handling 17+ free zones and mainland business setup in UAE.
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