Picture of Musfera Jannat

Musfera Jannat

Legal Assistant

Establishing a Business in the Dubai Free Zone

Dubai’s Free Zones provide international businesses with distinctive advantages, such as tax exemptions and 100% foreign ownership. This manual provides a comprehensive overview of the essential procedures for establishing a business in a Dubai Free Zone.

Step 1: Select the Appropriate Free Zone

Dubai has over 20 Free Zones, each catering to different industries, such as technology, media, healthcare, and finance. The first step is selecting a Free Zone that aligns with your business goals. For example, Dubai Media City is ideal for media companies, while Dubai Healthcare City caters to healthcare providers.

Akhand and Associates helps businesses identify the best Free Zone based on your business activity, long-term goals, and industry needs.

 

 

Step 2: Comprehend Legal Requirements

Documentation, licensing fees, and business activity restrictions are among the specific requirements for company establishment in each Free Zone. Passport copies, business plans, and proof of residence for all stakeholders may constitute legal documentation requirements. Dubai’s business statute for Free Zones permits simplified regulations; however, each zone has its own licensing requirements.

Our company is a specialist in business law in the United Kingdom, Bangladesh, and Dubai. We assist clients in the collection of the appropriate documents and the navigation of the regulatory requirements for each Free Zone.

 

 

Step 3: Finalize the Licensing Process

The subsequent step is to submit an application for a trade license after selecting a Free Zone and collecting all necessary documentation. Trade licenses are industry-specific and allow businesses to legally operate within the Free Zone. The license may necessitate specific approvals from Dubai’s regulatory bodies, contingent upon your industry.

Akhand and Associates provides businesses with guidance during this phase, guaranteeing that they satisfy licensing requirements to prevent complications.

 

 

Step 4: Establish Bank Accounts and Office Space

Free Zones frequently impose office space requirements, which necessitate that each company maintain a physical presence within the zone. Flexible desk configurations and dedicated office accommodations are among the office space alternatives available, contingent upon your operational requirements and financial constraints.

Akhand and Associates offers comprehensive assistance in the negotiation of office leases and the establishment of local bank accounts, streamlining the setup process. Tax incentives and entire foreign ownership are among the numerous benefits of establishing a business in a Dubai Free Zone. Your business can be operational and legally compliant with the assistance of a professional.

 

Setting up in a Dubai Free Zone offers multiple advantages, including tax incentives and full foreign ownership. With expert guidance, your business can be up and running efficiently and legally.

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