Wondering where to take your business for expansion? Why not turn your eye to Dubai—the business hub of the United Arab Emirates.
Located at the center of two great continents—Asia and Europe—Dubai has long been known as a go-to city for foreign investors who would like to take advantage of its progressive commerce laws, world-class facilities and infrastructure, and tax incentives not just for companies but also for professionals. Because of Dubai’s multi-cultural society, there is also no shortage of interesting locations to visit, enriching activities for tourists and locals alike, and of course, great food!
For an easy business setup Dubai also offers many Free Zones such as the Dubai Airport Free Zone (DAFZA), Dubai Cars and Automotive Zone (DUCAMZ) also known as Dubai Auto Zone, the Dubai Internet City, and the Dubai International Financial Center just to name a few. All these free zones were especially setup to provide efficient services for any company interested in bringing their business in Dubai and to offer financial/operational incentives like:
- 100% foreign ownership
- Business privacy including confidentiality of bank accounts
- 100% Repatriation of income/wealth
- Real Estate Ownership and Long-term Leasing Up to 25 years
Setting up your business in a Free Zone in Dubai can just take 4 clear steps and can even be fast-tracked by getting the services of professional company formation agencies in the city.
STEP 1: CHOOSE A COMPANY TYPE
You can choose between two types of companies in a free zone: Free zone Establishemnt or FZE or a Brach Office. An FZE can be setup with just one shareholder or up to fifty and can be made up at individuals or different company entities. With a branch office, a company can set up a physical office as an overseas branch of their existing business and there is no requirement for capital shares.
STEP 2: CHOOSE AN OFFICE FOR RENT
If you decide to have a physical office in Dubai, you can choose from many premium spaces for rent located at state-of-the-art business parks. Most corporate real estate in free zones also come in free-sized units that are highly customizable and can be rented annually.
STEP 3: APPLY FOR THE RIGHT BUSINESS LICENSE
Before starting your business activities in Dubai, you can choose from two types of licenses: Trade and Service licenses. A Trade license is for businesses that will engage in import, export, goods distribution and storage while a service license is needed for professionals such as consultants and executives.
STEP 4: START YOUR APPLICATION
After doing your independent research and making your choices about the initial requirements mentioned in step 1 to 3, you can go ahead and start your business setup in Dubai. The best way to set the ball rolling is to contact a reliable company formation services in Dubai or the UAE. Expert business setup consultants will be able to help you manage all the requirements needed to complete your application successfully. They can also save you a lot of time, money, and effort that you can then use when you finally start your operations in Dubai.