How to obtain Business License in Dubai Free Zone
Business License in Dubai Free Zone
Dubai has always been an investor friendly nation, the nation firmly believes that its the foreign investment that is the backbone of the country. All the new investor friendly policies including golden visa marks the country’s vision towards a sustainable future with more opportunities for entrepreneurs and investors.
Adding to these trends, Business license in Dubai free zone is one among the simplest choices for company formation. Optimized with investor-centric laws, one will begin the business activities quickly, with no advanced business setup method or knotty approval formalities.
Dubai free zone — the ultimate business destination — Here’s why?
How the investor friendly nation showcases Dubai Free Zone an ideal business destination:
- Strategically placed location with great connectivity to the continents Europe, Asia and Africa
- Supportive government and administration
- Quick business setup
- Advanced infrastructure
- Population of high-income people
- 100% business ownership to the ex-pats
- 100% repatriation of capital and profits
- Nil income or corporate tax
- Optimal growth possibilities
An ex-pat entrepreneur can reap a fortune by starting a company in the Dubai Free Zone or Mainland. Al Barajeel team can guide you on the right location to set up the business, info on the ideal jurisdiction, and help you with the business setup formalities.
Free Zones in Dubai — How to set up a business:
Free Zone Authority (FZA) regulates and controls each free zone in Dubai.The FZA issues trade licenses, promulgates amendments to the regulations and monitors the business activities. The free zones can be broadly divided into three categories viz. Dubai Creative Clusters Authority (DCCA), Dubai Multi Commodities Center Authority (DMCC) and the rest of the Free Zones.
DCCA — All the media, education and entertainment free zones come under the purview of DCCA. Those free zones include:
- Dubai Media City (DMC)
- Dubai Internet City (DIC)
- Dubai Production City (DPC)
- Dubai Knowledge Park (DKP)
- Dubai Design District (D3)
- Dubai Science Park (DPK)
DMCC — To ensure a physical infrastructure for global commodities, DMCC was established in 2002. It has more than 18000 registered members. DMCC is located in Jumeirah Towers.
Rest of the free zones in Dubai focus on varying industries and business sectors. It may turn into an uphill task for you to choose the best free zone for the business activity you are planning to commence. A professional, with immense experience in the field, maybe of the right support at this juncture. You may connect with us for any help on business setup in the Dubai free zone. The free zones include:
- Jebel Ali Free Zone Authority (JAFZA)
- National Industries Park
- Dubai Healthcare City Authority
- Dubai Airport Free Zone Authority (DAFZA)
- Dubai International Financial Center
- Dubai Silicon Oasis Authority
Types of Licenses in Dubai Free Zones
A business license is required for setting up the business and starting company operations in Dubai free zone. The type of license would depend on the business activity:
Industrial license — For the company that manufactures, molds or assembles products. An industrial license is necessary for importing raw materials and components and for exporting manufactured products.
Trade license — For trade activities in the region.
Service license — For setting up an agency or company that offers professional services.
National Industry license — Special type of license for industrial manufacturers, which offers the same status as a local manufacturer
Normally, a business license in dubai free zone is valid for three years. However, the validity may vary from one zone to the other. The expenses involved for a free zone license will include license fees, visa charges, registration fees etc.
How to Setup a Business in Dubai Free Zone
It is easy to set up a business in Dubai free zone. Business owners can start a company in a few days and commence business without any hassles. Backing from dependable business setup services in Dubai would be helpful in relating the stylish position, renting a cost-effective office and marketable space, and pacing with a reliable business plan.
Business Exertion confirmation — The type of license, the free zone to conclude etc would depend on the business exertion. Confirm the business exertion to go with, before initiating the process. Artificial exertion, trading business, service sector or freelancing. The license would be grounded on the business type.
Business name registration — The business name should be according to the extent of naming regulations. Fix a name and register with the free zone authority. The name that doesn’t abide by the reservations would be rejected.
Lease or Rental the Office and Commercial Space — Investors can choose office space from a variety of options. It could be a Flexi office,co-working office, private office and so on. A marketable office is also needed to be rented or leased as per the demand.
Gain License — Put up the operation attached with the needful documents to the free zone authority. The license would be issued in a quick time.
Starting a free zone company in dubai is a relatively easy process compared to the complex business process in formation. Being a business/investor friendly nation Dubai has always been the pioneer in bringing positive changes with the business sector. Therefore, it is the right time to set up a business in the Dubai Free zone.
To set up a business in the Dubai free zone and to know more about the related services, please contact us now.
