Once you’re a foreign investor, it can be very difficult to make the right decision, provided that there are over 50 free zones in the UAE you could choose from. Before starting up a company in one of the UAE Free Zones, really do your homework and make a measured decision. Remember all Free Zones have their budgets, varying lists of approved business practices, differing choices for location & services, and separate conditions for shareholding.
Find a freezone
When making those decisions of business setup in Dubai, UAE there are multiple variables you must remember, beginning with whether you want to configure in a free zone unique to the field. Healthcare, ICT, engineering, architecture, outsourcing, advertising, maritime, research, and finance are only a handful of the sectors that the manufacturing free zones of Dubai cater to.
The positioning of your selected free zone also needs to be weighed. And considering the factors such as connections to major roads, you must also know the proximity of all ports and airports when depending on foreign trade or transport.
Apple for the business license
After picking a registered trademark and reporting that one on the portal of the Free Zone Authority, you must request a business license. We have set the list of the many business licenses issued by the establishments for the free zone out above. The form of a business license depends on your business’s primary operation. When applying for both licenses, you need to request the supporting documentation.
Open a corporate bank account
In order to exchange, you would, of course, require a bank account. That’s not always straightforward to open a corporate bank account in the UAE because there is a range of requirements to remember, not especially the eligibility requirements of each branch for setting up a business in UAE.
For the organization, a supervisor must be designated, and this person may be accountable for the day-to-day success of the organization and is normally responsible for implementing the financial institution and the signing on behalf of the state of any contracts. We would expect the boss to sign off on all improvements that are introduced to the organization structure. The manager must have been a member of the UAE or have the intention of taking up residence for business setup in Freezone.
Applying for visas
You may also submit your visa request. But because of this of your workers and any domestic employees, you might have, you may apply for your own visa.