If you decide to form your company in any free zone, you need to come with an excellent vision. Along with this, you can also create a perfect business plan. These are essential aspects that help you to set up your company in a free zone. It is important to know that the free zones are ideal for investors who want to receive more profit on their investments. Here are few guidelines about how to start a business in uae free zone as follow:
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Start your free zone business with these simple steps
It is always helpful to learn the procedure of freezone business setup registration. The authorities in a free zone follow their own regulations as well as rule. Additionally, they also have their own setup procedure. You can follow these steps for setting up your business in the free zone.
• Decide the kind of your legal entity
• Pick a trade name
• Choose a company space
• Get some pre-approvals before getting the license as well as registering your business
• Apply for the business license
Decide the kind of legal entity
Determining the legal entity type is an essential step for setting up a business in any free zone. The free zones let you set up these two different types of companies. It includes:
• FZ Co
The count of shareholders will differ from one type of business to another one. FZ Co needs more than one shareholder. The FZE business requires 1 shareholder. No free zone allows you to register both these companies.
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Pick the name of your trade
It is another essential step in freezone company formation. Commonly, you can make sure whether the chosen name is previously registered or not in a selected free zone.
Choose the business activity
You can choose from over 1000 business activities including diamonds, commodities, energy, aviation, diamonds, shipping, diamonds, financial services, personal services, professional services, education, media, technology, constructions, FMCG, etc.
Get initial approval
The business in free zone needs to follow the regulations and rules of a respective free zone. If you want to get the approvals, you need to apply with all essential documents. The list of documents is based on your business activity and type of company and much more.
Select your office space
You can gather sufficient information about dubai freezone company setup cost for purchasing or lease your office space in your free zone. You can choose the company space according to the number of staffs and type of your business process. The cheapest freezone in dubai is ideal for business owners who have limited money.
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Get the business license
It is the final step. Once you get the approval, you can pay the registration fees and license fees. Cheapest Freezone License in UAE requires less amount, so you can utilize this opportunity avoid unwanted spending and save money. You can follow these simple guidelines to set up the company in any free zone.
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