However, they are not involved in decision making and are paid a pre-agreed fee for their services. Not only can foreign businesspeople take advantage of the UAE’s 0% tax rate on corporate and personal income, but they are also now free to retain 100% business ownership in most cases.
Are there specific advantages to setting up a business in a Dubai free zone?
Setting up a trading company in Dubai without guidance is like wandering in the desert without a compass. Our team of experts is like a Bedouin guide, well-versed in the landscape of business setup in Dubai. We can help you navigate the process smoothly, ensuring you save time, effort, and money.
Make your license application
Generally speaking, the average share capital requirement for free zones in Dubai is set at AED 50,000. Now that you’ve decided what you’re planning to do, where you wish to do it and under which name you’ll trade, it’s time to make your Dubai free zone company formation official by submitting your application. Read more about company formation in Dubai here. This is one of the most unique free trade zones, in that it allows companies to apply for their licence and establish their businesses without the need for a Visa. Dubai CommerCity’s expert team can guide you through the processes of getting your e-commerce business registered and running in the UAE.
Choose a business activity (or activities)
However, provided you approach the process with your eyes open and seek the right guidance, in most cases, you’ll have your business set up in a matter of weeks. You can apply for your own UAE residence visa as well as those of your employees and any domestic staff you may have. When setting up as a freelancer working in a free zone company, you may also be required to provide proof of invoices or work orders. Dubai Knowledge Park is known as the world’s only free zone dedicated to HR management, learning excellence, consultancy and testing centres. Fujairah Creative City is situated 90 minutes east of Dubai and provides resources for plenty of creative industries.
Upon approval, obtain the business license from the free zone authority and lease office space if needed. File the necessary documents with the DED to complete the company registration and licensing process.
You will need the required funds to incorporate your business and get necessary license. You can start an online business in Dubai with minimal investment after that. Dubai is a free economy and has been designed to attract investment and businesses of all types. Dubai government has tried its best to make the business regulation as seamless as possible and most of the regulation is in compliance with international business best practices. The next step to starting your business in Dubai is to choose a company name.