The process of establishing a new freezone company in Dubai can be a headache and nerve-racking endeavor. While searching the Internet may save you some time, it will not help alleviate the stress. You will need to carefully evaluate the options to choose the best free zone for your needs. Here are some things to consider: These free zones may not suit your business activity. Moreover, they may impose restrictions on the nationalities of the shareholders. To minimize the risk of unnecessary delays, consider consulting a professional in company formation to help you make a wise decision.
Consider the licensing
The most crucial factor to consider while selecting a free zone for your company is it is licensing. While different free zones have different licensing names, the list of activities that can be performed under each license is generally the same. There are three types of licenses offered by each free zone. These are the trading, professional, and service licenses. The other type of license is the investment license. Some free zones even offer additional licensing based on your company’s activities.
Do a little research
To avoid unnecessary costs, it is best to do a little research. Consult with local service providers and corporate experts to learn about the various options available. Some of them even offer assistance in a business setup. In addition, you may also want to research the corporate bank accounts in the UAE before choosing a free zone. Ultimately, your decision will depend on your specific requirements and the free zone services you choose.
Consider the total cost involved
There are several benefits to choosing a free zone for your business. The cost of setting up an office in a Free Zone is considerably lower than in a conventional business environment. However, it is essential to consider the total cost involved. If you set up an office to meet clients regularly or hire employees, you may need to choose a particular Free Zone. Some Free Zones also restrict certain nationalities. The main advantage is that you can incorporate a company in a free zone and incorporate high-risk nationalities as shareholders.
Consider which type of license your business will need
Before choosing a free zone, it is essential to consider which type of license your business will need. The first consideration is the type of business you are running. If you plan to hire employees in the UAE, you will need to have a separate office. Secondly, consider the infrastructure. If you plan to have a separate office, you will want to have a secure area for the employees.