A Guide to Free Zone Business Setup in UAE
Are you one of those consultants wanting to start up his own consultancy company in Dubai? Every year, UAE particularly Dubai attracts a large number of investors and businessmen from different countries around the world.
It is important to know the guidelines on how to start your company formation. In order to operate a business in the UAE, a foreign investor or businessman is expected to go through the legal formalities required by the law. Whether it be incorporating a new business, registering a branch office or setting up a free zone company.
Setting up a free zone business in UAE
There are many free zones available in Dubai and in the UAE where foreign investors can set up their business. Below are some of the main features and benefits of a free zone business setup:
- The main benefit of a free zone entity is that it can be wholly owned by a foreigner
- Free zone companies are granted certain financial benefits
- A free zone entity will generally take one of the following three forms: a branch or representative office of a foreign company, a free zone company or a free zone establishment.
- Determine the type of legal entity
- Choose a trade name
- Apply for a business licence
- Choose an office space
- Get pre-approvals
- Register your business and get your licence
Free Zone like Fujairah Creative City offers a wide range of media and consulting related activities are available ranging from but not limited to:
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There are 2 company setup options available for Fujairah Creative City Free Zone:
- New Entity
• Free Zone Establishment FZE – A new business entity with 1 individual shareholder
• Free Zone Company FZ LLC – A new business entity, with 2 or more shareholders (can be individuals and/or companies2. Branch
• A Local Branch – A branch of an existing firm in the UAE
• A Foreign Branch – A branch of an existing firm outside the UAE
Incorporating a new entity
If you are to incorporate a new business in the UAE, activities like consultancy, whether it be including practice of engineering, medicine, marketing, or research, the most common entity foreign investors use is the professional services entity.
Opening a branch office
A branch office only engages in those activities that are carried out by its parent company. A representative office is more limited than a branch office in the scope of activities that it is permitted to undertake. A representative office may only conduct marketing and administrative functions on behalf of its foreign parent.
If you belong to this setup option and want to understand the process and the requirements more, schedule a free consultation with our business setup advisors today.
How much does it cost to open a free zone company in the UAE
If you are to setup your free zone company in Fujairah Creative City, flexible installment packages are available for as low as AED 600 monthly. There are four setup packages you can choose from depending on your requirement:
- Baby Business Company Setup Package
- Freelancer Setup Package
- Company Plus Setup Package
- Company Only Setup Package
If you are not sure whether to pursue a free zone company setup or a foreign branch, talk to one of CREATIVE ZONE’s industry experts and get guided to what, where and how to start. We are composed of professional team of business setup experts in Dubai. We have helped more than 5,000 entrepreneurs and investors setup their LLC, free zone or offshore company in the UAE. We specialize in company registration, free zone business formation, and offshore business formations.
To request a proposal, call 04 567 7333 or email us today.
