You should have an ideal vision if you are planning for a business set up in Dubai in a free zone. A vision is always important for each business. You should come up with a great business idea before opening a new business. There are lots of free zones in Dubai for your business activities. It also consists of free industrial zones apart from this and those are best for investors who want to get the most of investments. Simply speaking, Dubai is the best city with a lot of new sectors. A lot of companies are there which are aimed to establish their business in Dubai across the world. Here are the steps to establish company in a free zone in Dubai –
Choose the type of entity
It is the initial process to set up a company. You can choose from these options in the free zone, viz. Free Zone Company or Free Zone Establishment. The numbers of shareholders will vary as per the type of company. Multiple shareholders are required in FZ CO and only one shareholder is required in FZE. Both types of businesses cannot be registered in all types of free zones.
It is the second step to set up your business. Make sure the name you have selected is not registered with the free zone.
Decide your operations
There are around 3000 business activities to choose from in the free zone, ranging from hundreds of sectors, such as diamonds, shipping, commodities, gold, energy, aviation, financial services, professional services, community services, personal services, construction, FMCG, technology, education, media and others.
In each free zone, the form of business is following all the legal requirements of a free zone. You should apply with documents to acquire the approvals. The list of documents varies from one type of activity and type of company along with free zone authority’s requirements.