Thanks to the free zone’s central location in an unrivalled ecosystem and the bad boys – Jebel Ali Port, Al Maktoum International Airport, and Expo 2020 Dubai – in the neighbourhood. As an LLC on the mainland would fall under the jurisdiction of the economic department in an Emirate, you would first need to visit the economic department of the Emirate in which you wish to start the business. Here, you will apply for the initial approvals to receive your business licence. This includes submitting your trade name – where the trade name should comply with the guidelines set out by the economic authority – and getting an initial approval. Once you have completed the process, you will receive the approval certificate and a provisional trade licence number. Once your application is approved, the final steps involve registering your business and obtaining your Dubai free zone license.
How to Get Free Zone License in Dubai: Step-by-Step Guide
You may discuss the same with us to have a clear idea about the jurisdiction for the business activity you plan to pursue. Opening a general trading company in Dubai can cost you around AED 15,000 to AED 50,000 or possibly more. The final expense depends on various factors like your chosen business location, the size of your warehouse, office requirements, additional permits, the business jurisdiction you select, and visa applications.
The government ensures growth in every sector, offering appealing market opportunities for foreign investors. Given Dubai’s global trading prominence, starting a business here is advantageous for both investors and new entrepreneurs. Dubai, the city of gold, is not just a tourist paradise but a global commercial hub. Its strategic location, state-of-the-art infrastructure, and vibrant business environment make it a perfect place for entrepreneurs to set up their trading companies. With its strategic location between the East and the West, world-class infrastructure, and a business-friendly environment, Dubai has become a preferred destination to set up trading companies. Bustling with more than 8,700 businesses from about 130 countries including 100+ Fortune Global 500 companies, JAFZA is a bonanza Free Zone for entrepreneurs and investors. The feather in the crown of DP World, Jebel Ali Free Zone is the largest customs bonded zone in the Middle East and an ideal hub for global trade and a well-integrated business setup solution provider.
Ultimately, this will determine what documents and licences you need to get to legally operate your e-commerce business in Dubai. Although selecting the bank for opening an account is your choice, it is advisable to start an account in a bank in Dubai. The local banks provide great offers to entrepreneurs, which could be advantageous for you in many ways. Regardless of which option you choose, the document that you need to continue your set up process is the Ejari, which is a registered lease agreement. Select an offering from our listed solutions, license type and make the payment towards the business setup process. The company registration fee is a one-time payment to the free zone authority at the early stages of registering your company.
Dubai offers various visa options for business owners, investors, and their employees. We’ll guide you through the visa application process, ensuring that your team can legally reside and work in Dubai. Complete the registration process with the relevant authorities, including the Department of Economic Development for mainland companies or the respective free zone authority for free zone businesses. Dubai allows a wide range of activities, but certain activities may require special approvals or licenses. Decide the jurisdiction depending on the product you want to trade.Mainland Company formation in Dubai and Free zone company formation in Dubai has regulations and process.
To start a business in Dubai in any of the three business zones – Mainland, Freezone and Offshore, the costs are variable depending on the zone. Companies with more than 50 shareholders are typically registered in Dubai as a private limited company .
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The general trading license allows you to trade unrelated products, from food and clothing to electronics and construction materials. Memorandum of Association establishes the link between shareholders and the firm to third parties and is created during the registration and formation procedure of a company. • Visa costs – If you are planning to apply for an investor visa, you would need to separately budget for the visa costs, which is approximately Dh6,000. For a fully owned LLC in the mainland, you would need to keep a budget of at least this amount for the set up and registration process. He added that companies wishing to set up a branch office in the UAE, for example, would need to complete many more documentation procedures, compared to when a business is being set up by an individual. From starting a sole establishment to a small LLC, there are multiple ways in which you could embark on your journey towards entrepreneurship.
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Different free zones cater to specific industries, so research and choose the one that aligns with your business needs. For hiring employees and managing labor-related matters, including employment contracts and work permits, you will need approvals from the MOHRE. Read more about business setup in UAE here. For obtaining visas for your employees and sponsorship-related matters, you will need to coordinate with the Dubai Police, specifically the GDRFA. Company formation in Dubai costs vary depending on where you choose to set up, whether you take on premises, how many employees you have – and much more. Another reason behind Dubai’s popularity with entrepreneurs the world over is the relatively low cost of doing business.