Contents
- Why would I want to invest in a free zone?
- 1- Full ownership by foreigners
- 2- Absence of currency regulations
- 3- Complete exemption from import and export duties
- 4- Spaces suitable for all companies
- 5- Ease of implementing company establishment procedures
- Steps to set up a company in Dubai free zone
- 1- Determining the legal form of the company
- 2- Choosing and registering the trade name
- 3- Obtaining the appropriate commercial license
- 4- Choosing appropriate office spaces
- 5- Obtaining the necessary approvals and licenses
- What does Tdabeer Company contribute to?
Dubai is considered one of the best Arab cities to start investment businesses. It offers Arab and foreign investors many important and useful features in the field of investment. Especially if foreign investors establish their own companies in industrial free zones. For this reason, in the lines of this article, we will talk about the steps to set up a company in Dubai free zone, in addition to some other important information about this topic. Continue reading with us to know more details about this topic.
Why would I want to invest in a free zone?
There are many advantages that motivate foreign or Arab investors to invest in free zones in the Emirates, especially in Dubai. Among the most prominent and important of these features we mention to you:
1- Full ownership by foreigners
If a foreign investor establishes his own company in the UAE, he needs a foreign partner. Since he cannot own the company 100%. But if the company is set up in the Dubai Free Zone, he can own it completely, i.e. 100%. This is without the need for a foreign partner.
2- Absence of currency regulations
Currency regulations are restrictions imposed by the UAE government related to foreign currencies. But these restrictions do not exist in the free zone, which can greatly facilitate financial operations for the investor.
3- Complete exemption from import and export duties
For work in free zones, the foreign investor is completely exempt from import and export taxes or duties.
4- Spaces suitable for all companies
The Dubai Free Zone has areas and spaces that are ideally suited for all types of companies. Whether these companies are large, medium or small.
5- Ease of implementing company establishment procedures
Finally, the steps necessary to set up a company in Dubai free zone are very simple and easy. Especially compared to the steps necessary to establish companies outside these regions in the Emirates.
Steps to set up a company in Dubai free zone
As for the steps necessary to set up a company in Dubai free zone, they are:
1- Determining the legal form of the company
The first step in this process is to accurately determine the legal form or entity of the company. This is among the legal forms that exist within the United Arab Emirates.
2- Choosing and registering the trade name
As for the next step, it is to choose the appropriate trade name for the company you wish to establish. Here you must fulfill all the conditions related to choosing this name. For example, you should avoid offensive language in general, and it should not be pre-recorded. In addition, the trade name must comply with the nature of the company’s business and other conditions.
3- Obtaining the appropriate commercial license
The next step in this process is to obtain the commercial license appropriate to the nature of the company’s work. There are different types of commercial licenses available in the Emirates, and a single investor cannot own more than one license at the same time. Noting that one license allows the investor to practice more than one economic activity at the same time.
4- Choosing appropriate office spaces
The UAE allows you to buy or rent office space in Dubai free zones. You must choose spaces that are compatible with the nature of the company’s work and the size of its customer staff. Knowing that these spaces are widely available in free zones, and in different sizes as well.
5- Obtaining the necessary approvals and licenses
In order for any company to be able to operate within the free zone in Dubai, it must fulfill all conditions related to operating in this zone. This is why you, as an investor, must obtain all necessary approvals and licenses here.
What does Tdabeer Company contribute to?
With its highly experienced staff, Tdabeer can help you carry out all the necessary steps to set up a company in Dubai free zone. This is done in a quick time and low cost. Do not hesitate to contact us in order to benefit from our services, or for any question or inquiry regarding the subject of this article. Tdabeer…your perfect partner in success.
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