Dubai’s free zone is an ideal location for international company owners and entrepreneurs. So many reputable corporate service providers are located in this emirate to help multinational companies through the often-complicated visa/license registration and company formation requirements.
More and more foreigners are deciding to establish businesses in Dubai. Dubai’s free zone is constantly evolving in order to provide more and more benefits to foreign enterprises that choose to set up shop there.
First, as an overseas investor in the United Arab Emirates, you should familiarise yourself with the country’s business procedures and laws. Consider consulting a professional in this subject at this point. At One IBC, we help you get a head start on learning the ins and outs of doing business in a new country by helping you learn about local traditions before you arrive.
As a foreigner looking to establish a company in Dubai, three key considerations to keep in mind.
As part of starting a business in the Dubai free zone, you must choose a name for your new company. The name you chose:
It should not violate the country’s public morality or order.
The company’s legal framework is an essential consideration (LLC, FZE, etc.).
Before registering, the account must be valid and unregistered.
It must be appropriate for the activity and legal status for which it is intended.
If you want your firm to be called after you, use your complete name, not simply a surname or initials, if you do so wish.
Starting a company in Dubai: 2. Required documents As a foreigner, you’ll need the following paperwork to open a company in Dubai:
- Submitted the required paperwork.
- a photocopy of your identification card
- Identity and proof of place of residence in the country of destination (e.g. a utility bill or bank statement)
- Approval by a third party for some types of regulated commercial activity (e.g. license, permit)
- Records of the parent corporation, a replica (Required if setting up a subsidiary).
Depending on the kind of company and the required licences, the starting investment in the Dubai free zone may range from as little as AED 1,000 to AED 1,000,000. It typically costs between AED 50,000 and AED 70,000 to create a free zone business in Dubai.
How Can foreigners start a business in Dubai, must have some local expertise, even though the incorporation procedure isn’t too difficult to understand. Choosing a company formation agency that can guide you through the process and ensure that your business is compliant with local laws and traditions is thus a wise decision.
Visit a business consultant or contact them through Hotline/email for more information on the advantages of the free trade zone and how Can foreigners start a business in Dubai
