A Dubai Free zone visa is an attractive option for any entrepreneur or professional who wishes to live in Dubai while working or doing business in Dubai. Dubai Freezone visa is a route to Dubai’s thriving business and luxurious living environment. A Dubai Freezone visa holder enjoys numerous benefits that a normal Dubai visa holder doesn’t get such as 100% foreign ownership, tax exemptions and streamlined business processes that make setting up and doing business easy.
The process to obtain a Dubai Freezone visa starts with choosing the Freezone that aligns best with the business plan of the investor and then submitting the necessary documentation to the concerned authorities. Normally the process involves application review, background checks and medical tests. Once the visa is approved, it allows for a residency permit enabling individuals to live and work in Dubai and Dubai Freezone Company Setup.
Some of the main steps in getting a Dubai Free Zone visa
Determine the Right Free Zone
Dubai has numerous Freezones so it is important for investors to research and select the Freezone best suited to their needs such as location, business activities, community/leisure and cost.
Decide on the Legal Structure
The Freezones in Dubai offer various legal structures for businesses such as Free Zone Company (FZC), Free Zone Establishment (FZE) etc. It is important to choose the one that suits the business model of the investor.
Reserve a Trade Name
The Freezone authorities check the availability of the appropriate trade name of the business submitted to them by the investor and upon its approval, reserve it for the investor.
Apply for a License
After the trade name is reserved, the investor must apply for the license. The type of license depends on the type of business activity chosen.
Required Documents
The documentation may vary between different Freezones, but the common documentation includes:
- Passport copies of shareholders and managers.
- Passport-sized photos of shareholders.
- The Business plan.
- No Objection Certificate (NOC) from the sponsor the investor is already on a residence visa in Dubai.
- Memorandum of Association (MOA) and other legal documents.
Rent Office Space
Most freezones in Dubai require the business to have an office, meeting the minimum office space requirements within the Freezone.
Submission of Application and Fees
At this stage, the license application, along with the relevant documents and fees, is submitted to the Freezone authority. The application is reviewed after submission, by the authority and on clearance, the business is registered.
Free Zone Visa Application
After the company registration, the promoters can apply for their Dubai Freezone visa. The visa procedure includes the following:
- Health Check: The visa applicant has to undergo a medical check-up.
- Emirates ID: The applicant has to apply for an Emirates ID card.
- Visa Stamping: Lastly, the applicant has to submit the passport along with the relevant documents to get the visa stamped.
Open a Corporate Bank Account
The investor has to open a corporate bank account in Dubai to complete the Dubai Freezone visa process
Visa Issuance
Upon fulfilling all the above Dubai Freezone visa requirements successfully, the Dubai Freezone visa will be issued to the investor. If a family visa is required then it can also be applied for. Procedures and requirements for family visas may vary between Freezones.
As we can see, obtaining a Dubai Freezone visa is a multi-step process and steering through it can be a little tricky and complicated for some. This can be easily avoided by getting help from a business consultant or a legal firm in Dubai.
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