• 27 Oct
  • Admin

The first step to Set-up your Business in Dubai

When you are all set to get into the company formation process in Dubai, the first step is choosing the right Business location.

As Dubai offers different economic zones for various business operations, identifying the right economic zone for your business activities is one of the key steps to consider before setting up your business in Dubai.

Economic zones in Dubai are mainly categorized as Freezones, Mainlands and Offshore. Each zone has its own rules and trading regulations imposed by the concerned zonal authorities. Investors have the opportunity to prefer their ideal business province for smooth and flexible trading.

If you’re still confused, an expert guidance may help recognize which economic zone is convenient for your business in Dubai.

Choosing the right business zone for your company in Dubai depends on your;
  • Mode of Business Operations
  • Trade License
  • Capital
  • Workspace requirements
  • Legal entity

Considering all the above elements, investors can prefer the ideal economic zone for their trading activities with the help of a professional consultant.

Why Dubai Freezone is the Best Option for Small Businesses?

UAE Freezones are certain jurisdictions where investors can freely conduct trading operations. Company formation in Dubai Freezone is highly flexible through simple set-up procedures. Fortunately, most Dubai Freezone locations are established near seaports and airports to promote hassle-free import/export. This advantage allows Dubai Freezone companies to easily access affordable and advanced logistics facilities. At present, there are over 40 Freezones all across the UAE. These zones are classified by their trade locations, infrastructure, and divergent services to promote various business activities.

What Reasons Make Dubai Freezones the Ideal Location for Your Business?

There are several reasons why Dubai Freezone is the most lucrative option for new investors. First of all, the complete business set-up procedure in Dubai Freezone is simple and convenient. The whole process can be finished within 5-6 working days. Similarly, what other reasons make Dubai Freezones the most suitable business province for foreign investors? Here are the top 7 reasons why setting up Business in Dubai Freezones is the best option for start-ups and small companies.

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Frequently Asked Questions

If you are planning a new business setup in Dubai and wondering where to set up a business in Dubai? Then you must know that Dubai's demographic structure has been utilized to create a thriving hub for dynamic business activities. Dubai is divided into three zones: mainland, free zone, and offshore, and businesses must select the location that best suits their specific needs.

  • Steps to Starting a Business in Dubai 
  • Prepare the documentation. 
  • Get a business license. 
  • Start the visa process. 
  • Open a Business bank account.

    The cost of setting up a company in Dubai is not fixed and varies depending on the type of business license and company license you to intend to obtain. For instance, the cost of setting up a business in the mainland defers opening a Freezone company.

    • Real Estate. Real estate is one of the most established industries in Dubai.
    • Financial Services. The UAE has quite an organized and advanced financial system in place, to support the large-scale businesses there.
    • Retail
    • Tourism
    • Schooling
    • Healthcare

    The most effective business setup consultants in Dubai are those who provide comprehensive support throughout the entire process and offer extensive guidance on documentation and legal formalities. Top-rated company setup consultants in Dubai inform you about the process, associated costs, benefits, and other pertinent information to enable you to make an informed decision about setting up your business in the UAE.

    Free Zones are designated areas in UAE that allow you to start a company with 100% foreign ownership.

    Here are the key steps to set up a business in a free zone.

    • Determine the type of legal entity.
    • Choose a trading name.
    • Apply for a business license.
    • Choose an office space.
    • Get pre-approvals, register your business and get your license.

    Most of the Dubai UAE banks allow non-residents only to open a Savings Account and not a Current Account. Nevertheless, non-residents cannot receive a checkbook; a debit card will be issued to non-residents to withdraw the money. As a non-resident, the equilibrium will be minimal and/or maximum.

    Yes, Dubai encourages business set-up regardless of nationality through its friendly laws and policies.