06 08 2020

Copmany formation in the UAE in one of the Free Economic Zones

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It is quite possible to independently register a company in the UAE in any Free Economic Zone, however, it is worth considering the significant nuances which we will discuss below.

Usually people find themselves in a situation where the license they obtained is not suitable for the chosen type of activity. As a result, a lot of time and effort is wasted, because with an inappropriate license business cannot conduct its activities. Why is this happening? The main task of all Free Economic Zones is the implementation of licenses, you are unlikely to be advised on the choice of a specific license, and to compare the selected activity and license. It is for this reason that many people are wasting time and effort, obtaining the wrong license for their company.

Next, you need to go through all the stages of obtaining a license again. In order to do everything competently and quickly the first time, we recommend contacting specialized companies. For example, our company will assist in registering a company of any type in the UAE and save you from wasting time, money, and effort. We offer:

- business consulting specialists will carefully study all the nuances and take them into account;

- control over the competency of all documents and deadlines for them;

- selection of the most suitable option for you;

- we are happy to go to a meeting on other issues;

- we protect clients from fines.

What needs to be done to choose the right FEZ and license?

The first step is to understand what type of license allows you to conduct your business and decide on it.

Next, choose the appropriate FEZ for your purposes. For example, you are planning to move to the UAE, in this case, the best option would be to choose a FEZ in Dubai. In this case, the business will be located near your home. In case you want to do business from abroad, you just need to open a bank account in the United Arab Emirates. Then, the best option will be Free Economic Zones of a more budgetary format. Such FEZs can be Fujairah, Ras al-Khaimah, etc.

The next step is to determine the number of employees in your office. After that, you can choose the most suitable office by quadrature. It is necessary to take into account the rule that for one employee you need at least 9 sq.m. premises. Knowing the number of employees, you can plan the number of visas to receive. With plans to expand in the next two years, it is better to immediately choose an office with a reserve, so that, in the future, not to waste time on this. As for the license, it can also be issued taking into account the increase in the range of services offered.

There are 4 main types of licenses aimed at:

• trade;

• production;

• service services;

• logistics services.