A Free Zone is a designated area within the UAE that offers tax incentives, full foreign ownership, and simplified business setup processes. Benefits include 100% ownership, Minimal taxes, and streamlined customs procedures, making it ideal for international businesses and entrepreneurs.
To set up a business in Dubai, ensure these essential documents are prepared: a Trade License, Memorandum of Association (MOA), Articles of Association (AOA), Commercial Lease Agreement, and relevant identification (passport, visa, and Emirates ID). Additional documents, such as Tax Registration Certificate, and Bank Statement, may also be required, depending on the business type and registration requirements.
The setup timeline varies by free zone and business type but typically ranges from 3 to 5 working days, assuming all documentation is in order. With assistance from experienced consultants like TVG, the process can be expedited further.
No, Free Zone companies do not require a local sponsor, as you are allowed 100% foreign ownership.
The cost varies by jurisdiction (Free Zone or Mainland) and visa requirements, but basic business licenses start from around AED 6,000.
A Trade License is a legal requirement to operate a business in Dubai. Issued by the Department of Economic Development (DED), it specifies the type of business activity, name, and legal structure