A Complete Guide to Setting Up Your Business in Dubai Free Zone
Understanding Dubai Free Zones
Dubai Free Zones are special economic areas where businesses can enjoy 100% foreign ownership, 0% corporate and personal income tax, 100% repatriation of capital and profits, and exemption from import and export duties. Each free zone is typically designed to cater to specific industry sectors, providing tailored infrastructure and services.
Step 1: Choose the Right Free Zone
Dubai has over 30 free zones, each catering to different industries and offering various benefits. Research thoroughly to find the free zone that best aligns with your business activities, budget, and long-term goals. Popular options include Dubai Multi Commodities Centre (DMCC), Dubai International Financial Centre (DIFC), and Dubai Silicon Oasis (DSO).
Step 2: Select Your Business Activity
Each free zone has a list of permitted business activities. Ensure your intended business activity is allowed in your chosen free zone. The activities are typically categorized as trading, services, or manufacturing.
Step 3: Choose Your Company Structure
The most common types of business entities in Dubai Free Zones are Free Zone Establishment (FZE) and Free Zone Company (FZCO). An FZE requires a single shareholder, while an FZCO requires a minimum of two shareholders.
Step 4: Submit Application and Documentation
Prepare and submit all required documentation to the relevant free zone authority. This typically includes shareholder passports, business plan, application forms, and other supporting documents. Many free zones offer online portals for application submission.
Step 5: Obtain Approvals and Licenses
Once your application is approved, you'll need to sign the lease agreement for your office space (virtual or physical), pay the registration and license fees, and collect your company documents and licenses.
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