Best Dubai Freezone Company Setup
Dubai has acquired a unique place in the minds of entrepreneurs seeking to develop an optimized and beneficial Dubai freezone company setup over the years. Wondering what is the reason behind such fascination of businessmen regarding Dubai Freezone Company Setup? Not just one but it is the multiple benefits that Dubai’s free zones have to offer. From strategic location to a vibrant economy and investor-friendly policies, the city makes the process of Dubai freezone company setup pretty convenient for marketers from all over the world.
Seems like you’re also one of those people who look forward to Dubai free zone company formation and looking for a right kind of guidance. No worries, being one of the most trusted free zone business setup consultants in Dubai, consult zone have got you covered with our ultimate guide where we will make you aware of the steps that you need to adhere to for Dubai Freezone Company Setup while shedding light on the process in detail:
Process of Dubai Freezone Company Setup
Dubai Freezone Company Setup
Let’s start with the first step of choosing the right one from the multitudinous free zones which are also considered to be the pride of Dubai. And why not? After all, each of them caters to specific industries and business activities. No matter which niches your Dubai freezone company setup belongs to, there are free zones always ready to serve you right.
Among some popular free zones include Dubai Internet City, Dubai Multi Commodities Centre (DMCC), and Jebel Ali Free Zone (JAFZA), the Dubai International Financial Centre (DIFC) is considered to be the most premium destination for Dubai free zone company formation in the field of financial services, fintech, and technology.
Business Activity
Not only choosing the right free zone is enough, but the type of business activities preferred by you for Dubai Freezone Company Setup also acts as an influence for the kind of license required. Since businesses are classified into particular sectors, it’s better to choose activities that are in sync with them and are clearly defined so that you enjoy a smooth licensing process.
Business Structure company setup dubai freezone
Furthermore, some business structures offered as a part of the company setup dubai freezone services in Dubai are as follows:
- Free Zone Company (FZC)
- FreeZone Establishment (FZE)
- Branch of a Foreign Company
As one of the reliable free zone business setup consultants in Dubai, we at Consultzone would advise you to make the right choice aligning it with your goals and factors such as the nature of your business, ownership preferences, and the number of shareholders, etc.
Legal Structure
Along with choosing the right business structure, understanding the legal structure is also quite paramount. Talking about ownership rights, Dubai mainland companies can be represented in two forms:
- Limited Liability Company (LLC)
- Sole
In the case of an LLC, a local partner, or a citizen of the UAE is required who must hold at least 51% ownership whereas the foreign investor mustpossess the remaining amount. However, full 100% foreign ownership is allowed for some professional activities which can only be executed through a professional license.
Application submission
Are you done with choosing the appropriate business name, activity, and structure? Now submit your application with all documents attached to the authorities dealing with free zone company formation services in Dubai.
Licensing
After reviewing the application, they will approve it and give you a green flag to continue the Dubai Freezone Company Setup process. While moving forward, acquire the important licenses that are required for your business activities.
Bank Account of Dubai Freezone Company Setup
Each free zone has collaborations with specific banks, making the account opening method easier for businessmen. Provide the specified files, along with your license and visa info, to set up your corporate financial institution account.
Apart from these steps, there are a few other elements involved such as visa processing, compliance, and renewals of business licenses according to the guidelines of the Dubai free zone company formation. After sincerely following all these steps, you can easily set up a company in Dubai’s free zone. In case you find any difficulties at any stage, we at Consultzone are always here to provide you with the best dubai freezone company setup services in Dubai.