With so many free zones to choose from, doing business in the UAE has never been more exciting. Free zones provide a healthy, positive work environment and improve international investment by allowing all nationalities to own 100% ownership of their businesses. Business Setup in Dubai Free zone operations is simplified with the assistance of professional service providers because of their experience and efficiency in this field.
JAFZA can guide you through free zone business setup in Dubai by streamlining the entire registration and administrative procedure so you can focus on growing your business in Dubai.
The free zones in Dubai provide a regulated and secure business environment where a diverse array of company operations can be permitted. They boost the economy, stimulate foreign investment, and help new entrepreneurs expand faster, paving the way for the development of Dubai free zone companies.
What are the steps to opening a free zone business?
The free zones in Dubai are an integral feature of the country’s developing economy. There are several free zones in UAE alone that contribute considerably to the country’s economic growth. In a free zone, two types of businesses can be formed:
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Free Zone Establishment (FZE)
FZE is a single-shareholder limited liability company.
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Free Zone Limited Liability Company (FZ LLC)
A limited liability corporation (LLC) with a maximum of fifty shareholders is known as an FZLLC.
Key steps to set up a Business in UAE Free Zone
In a free zone, it is much easier to start a business. The free zone’s officials just require the absolute minimum of paperwork and time. The processes for founding a business in a free zone are outlined below.
- Determine the commercial activity of the legal entity.
- Should choose a name for the activity’s business.
- Fill out a business license application.
- The memorandum and articles of association are being prepared.
- Choose a location for your office.
- Fill out the application form and bring your business plan to the meeting.
- Obtain pre-approval from the authorities, then register your business and apply for a license.
Documents Required for Setup a Company Formation in UAE
For Individual Shareholders
- Passport copies of shareholders
- Copies of the Manager’s, Director’s, and Secretary’s passports
- Utility bills of shareholders, Managers, directors & Secretary
- Resume/CV of shareholder & Manager
- Bank Reference Letter (for selected jurisdictions only)
For Corporate Shareholders
- License copy
- Incorporation/Registration Certificate
- Memorandum & Articles of Association
- Board resolution calling for the incorporation of the proposed entity
- Incumbency certificate
- Good Standing Certificate
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