To establish a free zone company in Dubai, the following requirements must be fulfilled:
- Choose a Free Zone: The first step is to decide which free zone to establish the company in. Dubai has several free zones catering to different industries, so you need to choose the one that suits your business requirements.
- Legal Structure: The next step is to determine the legal structure of the company. You can choose from a Free Zone Establishment (FZE), Free Zone Company (FZCO), or Branch of a Foreign Company.
- Business Activity: Determine the business activity or activities that you intend to undertake in the free zone. Different free zones have specific activities that they permit, so you need to make sure that your business activity is allowed in the free zone you choose.
- Business Plan: Prepare a comprehensive business plan that outlines your business objectives, market analysis, and financial projections. This plan will be reviewed by the free zone authority and will determine whether you are eligible to set up a company in the free zone.
- Trade Name and License: Choose a unique trade name for your company and apply for a trade license from the free zone authority.
- Share Capital: Depending on the legal structure of the company, you may need to provide a minimum share capital to establish the company.
- Office Space: Rent office space in the free zone. The size and type of office space required will depend on the legal structure of the company and the number of employees.
- Visa and Residency: Apply for residency visas for yourself and your employees. Free zones in Dubai offer visa services that facilitate the visa application process.
- Bank Account: Open a bank account in Dubai to facilitate business transactions.
- Compliance: Ensure that you comply with all the regulations and requirements of the free zone authority, including annual audits and financial reporting.
Once all the above requirements are met, you can establish a free zone company in Dubai.
