If you are thinking of initiating a business overseas, there is no better place than to open a company in Dubai. Being a famous trading center of North Africa and the Middle East region, Dubai holds several advantages for businesses and companies who are on the verge of getting success and link to the rest of the world.
At the start of 2019, Dubai's economy increased by 2.1%, with entire GDP of USD 5.6 billion in half of the year. In 2020, it rose to 3.8%. These factors have fascinated many entrepreneurs to have a Business Set up Company in Dubai.
The following steps will make you familiar with the procedure and documentation and will aid you in preparing for the Business setup in dubai freezone.
1. Select your zone and license type
Before having a Business Set up Company in Dubai, choose the zone that is suitable to you - free zone, or mainland, or offshore- examine your requisites and make the proper decision.
Select industrial, commercial, or professional license- based on the type of business. The Dubai Department of Economic Development(DED) issues licenses, and you can select according to your business activities.
Company Registration Agent in Dubai will abet you in the process of zone and license selection for your business.
2. Choose the category
After choosing the license, classify your business by opting for a category that your business falls in. You can search for your business group in the lists of business activities given by the Dubai Department of Economic Development.
3. Select a trading name
Selecting the correct trade name for your business and registering it is one of the significant steps in establishing your business. Keep the name of your business which showcases your brand and portrays your ideas. Make sure you assess the trademarks and copyrights if you plan to open a company in Dubai.
4. Submit the least amount of investment
All businesses need some kind of funding to commence their venture. Be prepared for the initial investment plans and choose the financials, fees, logistics cost, infrastructure. If you lack time to do so, a Business Setup consultant in Dubai will help you make proper investment plans.
5. Obtain agreements and approvals
After you get to this step, you need to apply for approval to make sure that the authorities are fine with you to open a company in Dubai and it does not obstruct the overall regulations and laws of the Emirate. This procedure is conducted online, but you can choose in-person submission of the documents, which comprise your licensing form, business registration, a copy of government photo ID or passport, a copy of residence permit or visa, and other documents pertinent to the viability of your business. You also need to sign the relevant agreements and start working for your office with the help of a Business Setup consultant in Dubai.
6. Choose your address
In Dubai, every business must have a physical address so your local partner or free zone partner can help you majorly.
After you know your location as per your business requirements, you are just a step away from having a Business Set up Company in Dubai.
7. Submit your documents and obtain a license
After arranging your documents as per zone type, location, license type, and legal info, hand over your documents for final endorsement to open a company in Dubai. Prepare approval receipt and documents from Dubai Land Department (DLD) or the Real Estate Regulatory Agency (RERA) or service agent contract and approval from associated government entities to initiate the final procedure. You must pay for the license through standard payment channels when you get ultimate approvals. After the payment, you are marked as the owner of a business. The company setup agent in Dubai will take care of which documents to be submitted and get relevant approvals on time.
Even though it is a long procedure, the time for setting your Business setup in dubai freezone can be shortened with Probity Corporate, a leading business consultancy firm in Dubai.
Reach our Company setup agent in Dubai to take your business to the world's top free trade zone and center of international commodities trading. Our team of Business Setup consultants in Dubai will help you with drafting documents, managing submissions, opening up bank accounts, and getting approvals. We maintain the confidentiality of your documents and give a personalized approach for services according to your small, medium, or huge business's specific requirements. Being the exceptional Company Registration Agent in Dubai, we have strong bonds with government entities and experts in the legal professions.
A Associate LLC is a business setup consultancy firm in the United Arab Emirates that specializes in UAE free zone company formation.
We have years of experience with free zone company setup in UAE, and can be counted on for all matters of business setup in UAE free zones, including free zone company registration Dubai.We are one the best free zone company setup consultants in the UAE and our friendly experts can inform you of all the advantages of free zone business, such as 100% ownership of your business, zero corporate and income taxes, as well as 100% repatriation of your capital and profits.
We can advise you on the best UAE free zone locations for company formation.There are a number of options for Dubai freezone company setup.
Business setup in Dubai freezone involves identifying the right free zone for your business – there are about 30 of them, and each one of them caters to a specific industry sector.
For instance, there is the Dubai Multi Commodities Centre or DMCC, which specializes in commodities trading.
There is even a commodities exchange in the DMCC.
