Commercial License in Dubai: Requirements and Differences
Everything you should know about business setup and investing in Dubai
The UAE is consistently ranked as one of the world’s most attractive destinations for investment and free zone business setup. Many factors contribute to such a favorable position, including a stable political environment, strong economy, sophisticated infrastructure, and strategic location.
This blog will provide an overview of some of the best reasons to set up your business and invest in the UAE.
1. The UAE has a stable political system
The UAE is highly regarded for its political stability, which is essential to a successful investment. By enacting business-friendly policies, a reliable judiciary system, and generous investment incentives, the country has created a secure environment for businesses to flourish. Investors can feel safe and feel their companies’ rights are well protected.
2. Growing economy with many investments opportunities
The UAE is known for its encouraging economic climate and the numerous opportunities it presents. The economy has been expanding rapidly in recent years due to many reasons, including strong government support for businesses, foreign investments, and a diversification strategy that has led the country to develop oil, gas, manufacturing, financial services, tourism, and hospitality sectors.
Additionally, the UAE’s strategic location at the center of the middle east region increases its global importance as a hub for businesses and supports its economic growth.
3. World-class infrastructure
The UAE boasts a comprehensive infrastructure with world-class facilities, making it one of the region’s most attractive destinations for business.
The country has an extensive and efficient transportation network, including airports, seaports, roads, and metro networks that link major cities in the emirates.
There are also state-of-the-art telecommunications systems that provide high-speed internet access to businesses across the country.
Additionally, there is ample power supply available to support companies in their operations. All these features enable companies to carry out their activities smoothly.
Why invest in the UAE’s free zones?
The UAE is a land of opportunities, and its free zones are a big part of what makes it a great place to do business.
By investing in one of the UAE’s free zones, you can enjoy many benefits, including 100% foreign ownership, 0% personal tax rates, and no restrictions on currency repatriation. In addition, free zones provide easy access to world-class infrastructure, facilities and many supportive services.
Setting up a business in a free zone
The business setup process includes selecting an appropriate type of license, obtaining initial approval from the relevant authority, submitting supporting documents (such as proof of identity), making payments for registration fees, and finally registering with local authorities.
The time needed to complete the registration process will depend on the type of license selected. For instance, some free zone authorities may require a company to open a physical office or hire local staff to get approval for their business.
Once all the steps have been completed, businesses can officially operate within the free zone and enjoy the benefits of these areas.
Partner with IFZA
At IFZA, we guarantee a quick and hassle-free business setup process and allow business owners to complete the procedure remotely.
First, investors must apply and provide us with the required documents, including a license application form (stating ultimate beneficial ownership information), a passport copy, a digital passport photo, emirates id, and a visa copy for UAE residents.
We will validate the documents and study the business needs to determine the suitable visa package and license type. Once the registration is approved, we will issue two e-legal forms, to be signed before the issuance of incorporation documents, and send a copy of the license via email.
Contact us today to learn more about the free zone business setup!