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If you are planning your business setup in Dubai Free Zones, then it is the best choice for you! Dubai’s economy is growing so fast and getting recognition at the international level. Additionally, Dubai Free Zones offers advantages like no other.
Emirates Business Setup consultants in Dubai work with the most efficient freezones in Dubai. A few of them include International Free Zone Authority (IFZA), Jebel Ali Free Zone Authority (JAFZA), DUQE, Dubai Multi Commodities Centre (DMCC), Meydan Free Zone (MFZ), and Dubai Airport Free Zone Authority (DAFZA).
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Dubai freezones offer endless benefits to entrepreneurs and business owners to operate their businesses here in the UAE:
Setting up a business in a Dubai can be a great way to take advantage of its strategic location. The process of obtaining a Dubai Free Zone license involves several steps, including choosing the right Free Zone for your business activities, submitting the necessary documents, and paying the relevant fees for your application. Each Free Zone has its own set of rules and regulations, so it’s necessary to research the requirements needed for the specific Free Zone you are interested in. Additionally, it’s advisable to seek the assistance of a business setup consultant at Emirates Business Setup who can guide you through the whole business trade license process.
The license offered by Dubai Free Zone is:
Following are the six steps to follow while starting your freezone company formation in any Dubai freezone.
The first step is to choose a suitable business activity and submit the application accordingly.
After submitting an application and proper documentation, you need to get approval from the relevant authorities.
In the next step, you will get issuance approval for your business trade license in two to four weeks.
Now you can apply for a residence visa. It depends on the allowed number of residency visas in the specific freezone.
Then the last step is to apply for a bank account.
The most noticeable limitation that Dubai Freezones may cater to are:
Freezone licenses are specific to the type of business activity permitted within the freezone. However, these licenses may restrict the range of business activities a company can undertake. If a business wants to expand and engage in activities beyond the scope of its freezone license, obtaining additional approvals or licenses may be necessary.
If we compare Dubai's freezone with the other freezone authorities, then its renewal cost is higher than the other freezones of other Emirates. For that reason, to save renewal costs entrepreneurs with small startups choose other Emirates rather than Dubai Freezones to obtain free zone licenses in the UAE.
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