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Starting a business in a free zone is beneficial for so many reasons. Indian entrepreneurs and investors enjoy complete business ownership, cost-effective company incorporation, tax-free reforms, and a lot more when they set up a free zone company in the UAE.
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Starting a Business in a Free Zone SHURAA INDIA Starting a business in a free zone is beneficial for so many reasons. Indian entrepreneurs and investors enjoy complete business ownership, cost-effective company incorporation, tax-free reforms, and a lot more when they set up a free zone company in the UAE. Furthermore, there’s an added advantage of launching your business in a free zone. It’s the specialized business environment that you get in accordance with your company’s nature. Moreover, the registration process is straightforward, and the business experts at the Shuraa India branch assist you with the same at highly competitive prices.
What are the Key Steps to Set Up a Company in a Free Zone? 1. Determine the Type of Legal Entity 2. Choose a Trade Name 3. Apply for a Business License 4. Choose an Office Space 5. Get Pre-Approvals, Register Your Business and Get Your License
1. Determine the Type of Legal Entity Two of the most common legal entities in free zones include: Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ Co.) Free Zone Establishment (FZE) However, it’s critical to note that both these legal forms aren’t available in all the free zones. Therefore, you should always consult with the desired free zone authority before registering your company. The best part is that you can also open branch offices in the free zones. Furthermore, the capital requirement also varies from one free zone to another.
2. Choose a Trade Name All free zones companies in the UAE must have a registered trading name. Moreover, the name shouldn’t be a gimmick of any other renowned or existing brand. Here are a few considerations before finalizing the trading name of your free zone company: Should always adhere to the public morals or the public order of the country must be followed by the legal structure of the organization, for example (FZ-LLC, FZE, DMCC, etc.) Is unique and not reserved previously Should be compatible with the desired business activities and legal framework Should be free of words that hint towards any religion, or administrative authority, nor names or emblems of any external bodies.
3. Apply for a Business License The next step in starting a business in a free zone is applying for the required free zone trading license. The business consultants at the Shuraa India branch help you apply for a business license after analyzing your business activities. Moreover, it’s a critical step as an incorrect license can lead to operational inadequacy. There are more than 2000 permissible business activities that you can carry out in the free zones. In addition, some of these include: Advertising and animation Film production and printing Graphic designing Music production and recording Marketing Communications Consultancy and trading Manufacturing E-commerce Therefore, you can get in touch with the designated free zone authority to know more about the permissible business activities pertaining to that free zone.
4. Choose an Office Space Businesses must have office space in the UAE- free zones. You can either rent an office space or work on a virtual address depending on activities and Free Zones. The size of the office also depends on your business activities alongside the participating members in your business. Therefore, you can start with a cost-effective mini space and upgrade to larger spaces as your business observes growth. Furthermore, you can also acquire a virtual office space by signing a sustainability agreement with the legal advisors at the Shuraa India branch. It’s a modern-day solution that empowers you to launch your company remotely in the free zone of your choice.
5. Get Pre-Approvals, Register Your Business and Get Your License A. Initial Approval B. Registration C. Licensing and Visa Process
A. Initial Approval The initial approval certificate is mandatory to acquire a free zone business license. Moreover, you can apply for initial approval to the concerned jurisdiction by submitting the documents mentioned below: Application form Comprehensive business plan Registry Identity Code Form
B. Registration The next step is to pay the free zone business registration fee. It’s an obligatory fee that all Indian investors and other expatriates must pay for starting a business in a free zone. Therefore, ensure that you submit the following: Registration application form Power of Attorney given to the Director (notarized & attested) Memorandum of Association (MoA) and Articles of Association (AoA) ((notarized & attested) Information regarding shared capital
C. Licensing and Visa Process You can finally obtain your business license after you’ve completed everything discussed above. In addition, you can then apply for visas. Moreover, note that visas can be secured for yourself, your family members, and domestic help too. The legal consultants at the Shuraa India branch assistance from filing the application to obtaining Therefore, simply get in touch with us, and we’ll handle the rest. provide end-to-end visa the desired visa permits.
Documents Required for Starting a Business in a Free Zone Here’s a curated list of documents that you need to submit to the free zone authority company in the desired free zone: for establishing your List of trade names (3 to 4) List of business activities Passport copy of the shareholders Entry stamp or visa page Passport size photograph as per the protocols (size, background color, etc.)
Launch Your Business in a Free Zone! Free zone companies enjoy lenient business laws and cost-effective business solutions. Moreover, the best part is that resource availability is never an issue when you form a free zone company. Therefore, you’re headed in the right direction for starting a business in a free zone. All you need to do now is collaborate with the free zone company formation experts at the Shuraa India branch. We help you apply for the desired business license, obtain external approvals, and also take care of translation requirements.
OUR STORY SHURAA – THE PIONEERS OF BUSINESS SETUP SERVICES IN THE UAE Shuraa Business Setup was founded by Mr Saeed Khalifa Mohammed Al Fuquei in the year 2001. The organization was initiated with an agenda to help individuals start a business in Dubai or any other emirates. For the past 20 years, we have registered over 35,000 companies in the UAE.Shuraa Business Setup helps with crucial paperwork and other governmental permissions which is important while setting up a business in Dubai. We share years of acquaintance with the government officials and regulatory authorities, that makes business setup easier.
MAILING ADDRESS 108, Square One, Saket New Delhi - 110017 REACH OUT EMAIL ADDRESS info@shuraa.in PHONE NUMBER +91-8010990022