With the right guidance and expertise, you can navigate the business setup process smoothly and make the most of Dubai’s advantages. A company registered under JAFZA right away becomes part of the international network of successful businesses from all over the world. If you are determined to join the JAFZA’s spirited community, get familiar with the rules and regulations and process of setting up a company in the free zone. And as they say, you can’t make bricks without straw, you also need to collect the whole bunch of required documents before kicking off the process.
Step 1: Submit your trade name and get an initial approval – Dh1,000
So, let’s embark on this exciting journey of setting up your dream trading company in Dubai. Complete with a multi-modal transport infrastructure linking air, land and sea, JAFZA is a treat for your senses if your business needs a robust logistics system. Boasting one of the best global ocean linkages, the free zone offers more than 150 shipping lines that can handle over 19 million containers per year. And the cherry on the top is the Etihad rail which, once finished, will link JAFZA to the entire Arabian Peninsula. “Depending on your business activity, you would need special approvals from relevant authorities, like the municipality, civil defence or other bodies,” Thompson said. At DMCC, we have a wide range of office solutions perfect for new businesses and start-ups. A company formation specialist can help here, and advise you on the best bank to suit your specific needs.
Business Setup in Dubai
Here’re the three simple steps to a clear legal formation setup process for you to get started. When operating in one of Dubai’s free zones, one of the critical steps is to choose your business licence. The three most popular business licence types are for trading, services and industrial sectors. Unlike the company registration fee, licence fees are a recurring cost, and can cost around AED 10,000 to AED 50,000 per year.
How can I start a general trading company in UAE?
Acquiring a free zone license in Dubai facilitates business operations both within and beyond the UAE. This grants access to secure banking services, robust government support, a world-class global infrastructure, and strategic entry into the MENA region, among other benefits. While individual free zones cater to diverse business interests and may entail varying company formation costs and paperwork requirements, they all share common foundational prerequisites. For entrepreneurs seeking global business expansion, Dubai unquestionably stands out as an ideal destination. The UAE’s ambitious pursuit of 7% economic growth, aiming to double its economy to $800 billion, presents a promising landscape for entrepreneurs looking to start a business in Dubai.
The UAE has embarked on an ambitious journey to double the digital economy’s contribution to the national GDP to 19.4 per cent within the next decade, aiming for a value of $140bn by 2031. Kiltons expert panel will give more information on how to start an ecommerce Business in Dubai and guide you establish your dream company in Dubai. Launch your e-commerce business and promote through different channels including social media. Read more about business setup in UAE here. You can assign the task to a professional agency if the budget allows it. Kiltons Business Setup Services can facilitate matchless promotions to your business. Of course, the COVID-19 pandemic made it a necessity to reduce moving out from home. In addition, the widespread popularity and availability of low-cost internet have augmented the growth.