6 steps to begin a business in the UAE Free Zone
Whether you’re planning to set up a Dubai Offshore company formation or a free zone company, you should be aware of all the necessary steps to turn your business dream into a reality.
A Free zone in the UAE offers simple and hassle free steps to start a business anywhere in the country. It is more convenient and requires minimal paperwork and efforts.
Any company whether it has a Fujairah Free zone company registration or is based in other free industrial zones require proper planning and a proper vision. Even in Dubai, there are a lot of companies and businesses that offer a varied range of options for foreign investors to set up their own business.
That’s why we have brought these 6 essential steps to begin a business in the UAE Free Zone.
- Decide the type of entity
There are many legal business entities to choose from in the initial phase of setting up a company in the free zone. The type of entity defines the nature of the business and also many other things related to it.
- Decide a trading name
A trade name is a registered name that ensures that your business has successfully completed the legal requirements for choosing a company name that doesn’t belong to any other free zone authority.
- Finding Suitable Premises
Locate your business according to your business needs. It’s not an easy task since there are several options to choose from and choosing the right one that is convenient and suitable with all your business requirements is really essential for the future.
- Fulfill legal requirements
Setting up a business in a free zone comes up with its own set of rules and regulations. You may have to submit necessary documents to acquire their approvals from the government departments.
- Obtain a license
After deciding the name and location, and getting all the necessary approvals, the final step is to pay the license and registration fees. You can take help from a business consultancy to help you out in all the processes or you could follow simple steps to obtain a license yourself.
- Hiring Staff
This is an additional step that requires hiring staff as per your business needs. Even if you are not in the country, you can hire a manager to assist in carrying out the entire business processes.