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How to Set Up a Free Zone Company in Dubai

UAE Free Zones are areas for business designated by the government to encourage prospective investments from all over the world. The introduction of free zones has seen significant benefits for everyone! Those who aspire for ‘how to open a company in Dubai’ can find opportunities in company formation within a free zone. https://www.markaibusinesssetup.com/ to the constant support and benefits offered by the UAE Government and the Free Zone Authorities, setting up a company within a free zone in UAE is a lucrative opportunity that investors would never miss. Here are some of the basic steps that can help you set up a company in a free zone.

Choose the Company Structure
The most critical step to beginning your entrepreneurial journey in a free zone is determining its ownership structure. Free zones have the extra benefit of allowing 100% ownership to immigrants who wish to start a business- which is not available to companies outside a free zone. Investors who want to establish their business in a free zone can do so by registering the company in the form of a Free Zone Establishment (FZE) or a Free Zone Company (FZC).

Select a Trading Name
Naming your entity gives it an identity and is the initial step to establishing your company’s brand presence. Before concluding a name for your venture, it’s best to check with either the Department of Economic Development (DED) or the free zone authority that controls your business setup. Asking about the validity of the name you chose can tell you whether the name does not comply with the protocols established for trade names or if another entity has already registered the trade name.

Application for a Business License
This aspect of the free zone company setup procedure involves the primary economic activities of the venture. What services or products you plan to conduct business with are directly related to the trading license you will acquire. Trade licenses are essential because a license is an ultimate proof your business has the legal right to work within the UAE.

Select an Office Space
Free zones offer flexibility in terms of office space requirements. You can decide to rent or even buy the property required to begin your business journey. The office specifications all depend on the kind of business you will engage in. The free zone in UAE has many office suites that range both in size and availability of specific facilities.

Registration
The registration for free zone companies is simple and easy to understand. All you have to do is submit your application along with the appropriate trade license, paperwork, and documentation, after which you will have to spend the registration and licensing fees. Business startup costs in free zones are not as high as they would be on the mainland. Due to benefits like zero paid-up capital requirements and economical pricing of office spaces, the initial cost of starting a business is reduced, easing any financial strain. After your payment is completed, the process is smooth sailing, with entry permits issued for non-residents and your business legally established.

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