Tuesday, July 14, 2015

Setting up a Free Zone Establishment in Dubai


I never knew that Dubai is such a fertile land for business until I stayed and worked here. And now, anyone who is interested in setting up a business in the Middle Eastern region, Dubai will be my top recommendation. So, if you are the one looking to explore the UAE business grounds, do check these best small business ideas for UAE.

The most interesting it has become due to the free zones that offer 100% foreign ownership. Well, a Free Zone Establishment or FZE  is an establishment formed and registered within the Free Zones and regulated solely by the Free Zone authorities.

In order to set up a FZE, you must have a capital of at least Dh.1 million and liability will be limited to the amount of paid-up capital. As an FZE, it needs a single shareholder and is an independent legal entity.

To form a company under free zone, you must submit a completed application to the Free Zone authorities that may take up to 30 days for them to make a decision. And you can start operations, right after you receive the approval from them.

Here's my post on list of Dubai free zones. Explore all of them and see which suits your business ideas most. Once decided, a good idea is to get help of a company formation agent for a hassle free process.

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