Dubai is a major trade and commerce hub that attracts global investors to set up their base in the region. The City offers umpteen business benefits for entrepreneurs. Dubai is a city of Free Zones. Starting a business in Dubai is prominently driven by the Free Trade Zones in the region.
To start a business in Dubai the investor has to register a company in any of the two major business jurisdictions. Eventually, it is the Free Zones and Mainland that form the overall business ecosystem in UAE.
The Department of Economic Development (DED) is the governing body for setting up a mainland company in Dubai. Furthermore, DED issues the Trade license for the Mainland companies in Dubai.
Foreign investors prefer the Free Trade Zones of UAE due to the numerous cost-effective business setup packages. Additionally, keeping the business setup cost low is a major factor in choosing the Free Zones in UAE.
Steps in Starting a Business in Dubai
There are certain steps to starting a business in Dubai. Investors can choose from co-working spaces to executive offices, the Free Zone of Dubai has it all.
In short, there are certain steps in starting a business in Dubai and they are:
- Choosing the business activity and company type
- Choosing the Free Zone
- Tradename reservation and initial approval
- Submitting required documents and paying the business license fee
- Arranging for any additional documents required for the setup
- Obtaining the Trade License
- Applying for a UAE residence Visa and Bank Account for the company
Top Free Zones in Dubai to start a Business
Here are the top Free Trade Zones in Dubai to start a business. In fact, these Free Zones offer the best-in-class services coupled with world-class business infrastructure.
1. Dubai Airport Free Zone
Dubai Airport Free Zone is the most prestigious Free Trade Zones of UAE. Additionally, the Free Zone hosts numerous multinational companies and startups. Hence, starting a business in Dubai Airport Free Zone opens up wide business opportunities to investors.
DAFZA offers investors a wide range of business setup packages. Furthermore, the Free Trade Zone consists of Flexi desk office spaces to fully customized offices and warehouses.
The Free Zone offers more than 3000 business activities for investors. Additionally, DAFZA offers world-class business amenities and business infrastructure for investors. Finally, the attractive company setup packages make it the favorite choice among global entrepreneurs.
Also, DAFZA is a strong business hub in the region due to its strategic location close to Dubai International Airport. To add on, the good transport connectivity with the rest of the MENA region makes it an investor’s favorite choice for setting up a company.
2. Dubai Multi Commodities Centre
The Dubai Multi Commodities Centre is one of the largest Free Trade Zone in the UAE. The Free Zone provides office spaces available through the Tecom registered office areas in the Jumeriah lakes Towers region.
The investors can obtain a trade license from the DMCC Free Zone. Then, prepare the tenancy contract for the office space. Also, depending on the business requirements the right office space has to be chosen by the investor.
DMCC is the perfect Launchpad to start a business in Dubai as it has a robust business network associated with the Free Zone.
The business-friendly atmosphere and easy company setup process help the entrepreneurs to easily scale up their business ventures and expand fast to newer markets.
3. Dubai Silicon Oasis – IFZA
Dubai Silicon Oasis -IFZA is the fastest growing Free Trade Zone in UAE with a growing number of new companies getting registered in the Free Zone.
Situated in Dubai, the Free Zone offers a prestigious Dubai Address to investors at a low cost. Investors can start a Business in Dubai by obtaining the Trade License from Dubai Silicon Oasis for AED 11, 743 for a Zero Visa Quota company with no office space.
Investors can upgrade to 2 or more visa quotas and customized office space by paying a top-up amount to the Free Zone. The Free Trade Zone offers the investors numerous business activities and business setup packages for setting up a successful business in Dubai.
Setting up a Company in Dubai – Benefits for the Investors
Setting up a company in Dubai is highly beneficial for foreign investors due to the enormous business opportunities and business growth.
The 100% foreign ownership, zero taxation, full profit repatriation, world-class business infrastructure, wide networking opportunities, business-friendly laws, etc. makes Dubai the perfect choice for setting up a business.
The robust banking network, safety, and improved lifestyle drive the foreign investors to settle in Dubai with their families and grow the business in the region.
How do Business Consultants help in setting up a business in Dubai?
The role of Business Consultants in setting up a business in Dubai is undeniable. The business Consultants will handle end-to-end support services for the investors during the process of setting up the company and beyond.
With the availability of several Free Zone business setup packages, business activities, and office types, choosing the right company package at the lowest cost is important. AURION will guide the investors in choosing the right Free Zone for their company and assist in all administrative requirements.
You may also be interested to know more about “9 Steps to Follow for an Entrepreneur to Establish a Business in UAE“.
Contact us: Aurion Business Consultants