Startup and Beyond: A Helpful Guide in Setting Up Business in Dubai Freezone
Are you a native of another country who moved to the Middle East and wishes to start a business in Dubai? Or maybe you are a local who does not want to become an employee anymore, but would like to start your own business? No matter which of these two questions you said yes to, you need to know the basics about setting up a business in Dubai. The good news is that the region is very friendly towards investors. There are over forty free trade zones all over the United Arab Emirates where investors can take advantage of special taxes, customs and imports regulations – with world-class facilities to boot.
But why should you choose to set up a business in the Dubai freezone in the first place? Here are the reasons:
- In the freezone, foreign investors can have 100% ownership of a company.
- When recruiting staff, the immigration and labor procedures are investor-friendly.
- The process to get your business registered it fast, it only takes anywhere from two to three days for your license to be issued.
If you want a UAE business setup in the Dubai freezone, here are your location options:
- Dubai Airport Free Zone
- Dubai Design District
- Dubai Multi Commodities Centre
- Dubai South
- Dubai Silicon Oasis
- Jebel Ali Free Zone
Some of these freezones are located next to seaports, main roads, and the downtown area – which is something that you might want to consider for your business setup in UAE.
What about setting up the business itself? First, think about the type of company that you want to setup. Are you a single owner, are there two or more shareholders, or is it an enterprise where there are corporate shareholders?
Second, what type of license do you need to obtain? This depends on the type of business that you wish to put up, examples of which are trading companies, commercial businesses, general trading, consultancy services, industrial services, or an e-commerce company.
Third, after obtaining your license, you are required to establish a legal presence. You also need to register your company and setup an office before starting your actual day-to-day operations. The process to setup company in Dubai is pretty straightforward, but it is not without challenges. There are still loopholes that you have to go through as well as some local rules and customs that you may not be familiar with. This is where the help of PRO services proves to be handy.
Austria Business Center is familiar with the intricacies of setting up a business in Dubai – starting from company registration to the legal requirements involved. By handing over the marketing, PR, and communication requirements of your business to Austria Business Center, you can rest assured that all the requirements will be fulfilled. With the wide array of services offered by ABC – from business licensing, sponsoring, to partner outsourcing, you can have your business setup in Dubai with no legal hassles at all. Once setup, you can focus on starting with Day 1 of your business operations and growing your company from there.