Your Guide To Freezone Company formation in Dubai
Freezone company formation Dubai is relatively easier as compared to the other models. A Freezone company doesn’t require local sponsorship and is allowed to be owned completely by expatriates. They are also allowed to set up businesses in Dubai with certain conditions.
If you are still confused about the type of company you should set up in Dubai, read here to know more. Once you have decided to establish a Freezone company in Dubai, here is all you need to do to kickstart your business:
Key steps for Freezone company formation UAE
The documentation requirements for Freezone company setup Dubai are minimum and
the time required for the formalities are also low. Given below are the steps involved in Freezone company formation Dubai:
- Ascertain the type of legal entity
- Decide a trade name for your business
- Apply for a Freezone license (Dubai)
- Find an office space
- Obtain prior approvals
- Register your company to get your Free zone license Dubai
Here is how you can ascertain the type of legal entity
For your Freezone company setup Dubai, you have two options for the type of company. They are:
- Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ Co.)
- Free Zone Establishment (FZE)
These are different based on the number of shareholders and the type of shareholding. All the Freezone are different based on the type of company they register.
Note: Not all Freezone register both types of Freezone Companies.
Decide a trade name for your business
When you ascertain the type of legal entity for the business, you must also decide your trade name. To finalize the name of your choice, you must check with the Freezone authority about the allowed trade names and whether the name of your choice has already been registered by someone else.
Based on DED guidelines, here are some requirements that your trade name for Freezone company setup UAE must adhere to:
- It must be in sync with the public morals and public order
- The legal form of the organization must follow the trade name
- It should not be previously registered by someone else
- The name should be in accordance with the business activity undertaken and the legal status
- It should be void of any explicit mentions of religion, governing body or logos of eternal entities
Apply for a Freezone licence Dubai
The type of license for Freezone company setup UAE depends on the primary activity that the business undertakes. Here are some types of license based on the activities you conduct:
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- Commercial/Trade
- Consultancy/Services
- Industrial
- Educational
- Media
- eCommerce
- Offshore
- Freelance
- Warehousing
- Manufacturing
Find an Office Space
For Freezone company setup UAE, you can either buy an office space or take it on a lease. The requirements will be based on the employee strength and type of business activity.
Freezone company formation Dubai requires adherence to the rules of the free zone you are setting up in. To get the approvals, you must present the necessary documents based on activity, type of company and respective Freezone requirements.
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