If you’re wanting to be a part of the UAE’s growing economy while having complete ownership of your company, then a Free Zone is the perfect location for your business. Many entrepreneurs don’t like the idea of having a UAE national as a partner that will have 51% shares in the company. That’s not the case with a company in the Free Zone. With this company type, 100% ownership is allowed, and you’ll still get all the benefits of doing business in the UAE.
There are 45 Free Zones in the UAE right now. Free Zones are an area where goods can be manufactured, imported, exported, handled, or reconfigured without paying any customs duty. Not only are the benefits great, but so is the location. Free Zones are located in strategic locations that maximize trading near national borders, international airports, and major seaports.
Check out and follow some easy and simple steps for setting up your company in Free Zone UAE. The process includes determining business activity, choosing your trade name and legal structure, drafting an MOA, submitting the required documents, getting approvals, and opening a corporate bank account. The important documents you need to submit are a tenancy contract, MOA, board resolution, passport copies of partners and business managers, copy of the business plan, application license form, and approval letters.
Planning to start a business in Dubai? For business establishment services in the UAE, contact MSZ Consultancy, one of the leading business consultants in Dubai. We understand you may find this process challenging, but MSZ consultancy solves all your concerns about starting your company in Free Zone.
Our expert consultants will provide you with all the information that will not only make your company setup process easy but quick and hassle-free.
There are dozens of Free Zones throughout the UAE, each designed for specific business activity. These areas vary in their focus, the setup costs, and the paperwork that is needed for business setup. Here are the basic steps for UAE Free Zone Business Setup: