Steps to start business in Masdar city free zone
-
Choose a Business Activity
The first step in creating a company is deciding what products or services it provides. This will take ample research, including a well-developed business plan, analysing the market, and paying attention to competitors. -
Register Your Business Name
Every business will need a name! To secure yours, you’ll need to send a trade name request to the free zone authority, ensuring that it has not previously been chosen and does not include profanity. Failure to abide by the rules and regulations can result in the outright dismissal of your business formation request. -
Submit License Application
With your business name handled, your next step will be to gather all the necessary documentation and submit your completed license application. -
Open a Corporate Bank Account
You’ll need a corporate bank account to exchange currency as a business. Luckily, the UAE is home to a wide selection of internationally known banking institutions, giving plenty of options for your business account. -
Pay Fees and Secure License
After providing enough time for processing, you’ll want to pay the necessary application fees. Once complete, you’ll receive your business license and copies of your submitted documentation. With this license, you can now conduct business in the Masdar City Free Zone!