Things to Consider before Setting up a Company in Dubai Free Zone2 min read
Before starting your business in Dubai free zone, there are many factors to consider. First, you need to decide what type of company you’d like to run. Do you want to be a freelancer or a company? If you are a freelancer, you’ll have to register to get a free business license. If you’re a company, you’ll have to register as DMCC to get the free zone license.
Click this to read the requirements for mainland company formation in Dubai.
Determine the nature of your business:
While there are over two hundred different business activities in the UAE, there are various factors to consider before choosing the best one. There are also different types of free zones for different types of business. For example, if you’re in the finance sector, it might be more efficient to register your business in an FZ Co. A free zone near a real estate development is usually the best option for those in the real estate industry.
It would help if you chose a name for your company:
Whether you’ll be a restaurant, a fashion designer, or a sports fan, you must pick an available name in the UAE. Your company’s name should be catchy, but it should not be blasphemous or political. The name should also be unique – it can’t be derived from an abbreviation or an initial. Incorporating a business in Dubai’s free zones should be a smooth process.
Must decide whether to register it as a corporation or an LLC:
After deciding on your company’s name, you must decide whether to register it as a corporation or an LLC. Depending on which type you decide on, you must register your company name, also known as trade name registration. You’ll need approval from the free zone authority in most free zones. Make sure the name doesn’t have any religious, political, or government implications, and it doesn’t violate any public morals. Lastly, you will need to submit a business license application. There are specific documents that you’ll need to fill out.
Choosing a free zone is crucial for your business:
The types of businesses registered in a free zone vary from sector to sector, but free zones are generally best for companies that are not local to the region. You’ll need to check with your local government to ensure that you’ll be allowed to operate in the free zone. If you’re unsure, contact the local business agency for information on the different types of companies that can be registered in the Dubai free zone.