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December 11, 2023

Tips to Start a New Business in Dubai Freezone

Setting up a new business is never a piece of cake—it's more like baking an entire wedding cake from scratch. Yup, that's right… It's a complex process, but a rewarding one nonetheless. And when it comes to planting a business seed in the fertile soil of Dubai's Freezone? That's an entirely new set of flavors. But worry not, brave business adventurer, because EWBS Excellence Business Services and I are here to lend a helping hand. By following our session on entrepreneurial 'culinary school,' you'll be dishing up a successful enterprise in no time in Dubai Freezone!

The Magic Ingredient: Business License in Dubai Freezone

Now, wouldn’t it be rather embarrassing if we whipped up our business cake and forgot to include a pretty essential ingredient, the business license? I thought so!

How to procure a business license

In Dubai Freezone, obtaining a business license is just like buying the rare truffle oil for our cake - a little complicated, but absolutely essential. The exact steps vary depending on your business type but generally, it follows this recipe:

  • Decide on the type of entity you want to set up.

  • Select the kind of business activities you'll be engaging in.

  • Finalize an appropriate name for your business that complies with the Department of Economic Development (DED) naming guidelines.

  • Apply for a business license at the Dubai Economic Department or a free zone authority.

  • Get your company’s Memorandum of Association notarized.

  • Sign the lease agreement on your business premises.

  • Get approval from relevant authorities (only applicable for certain business types).

  • Pay fees and receive the license.

How EWBS Excellence Business Services can help

Imagine having a professional pastry chef by your side while you’re baking—in this case, that’s EWBS. Our proficient team can help simplify this process right from determining the business activity to putting the icing approval on your business license.

  • We'll act as your guide, overseeing the process from end to end

  • We'll help you find the right business type and pinpoint the best free for your venture

  • We'll help wrap up the legalities, and we promise it’s easier than gift-wrapping a basketball.

  • And yes, we'll take care of all the documental hocus pocus.

Sifting Through Layers: Advantages of Starting a Business in Dubai Freezone

100% Ownership and No Tax

Establishing your business in Dubai Freezone is like adding a secret ingredient to our cake—absolute ownership! Plus, it's like a cherry on top with its tax-free regime, which allows you to make the most out of your investments.

Strategic Location

Dubai Freezone is a globally recognized economic powerhouse. It offers a strategic location, providing easy access to multiple markets. It’s the equivalent of setting up a cake shop in Dessertville—lots of potential customers and the scent of success wafting in the air!

Limitless Foreign Trade Opportunities and Connection to Major Trading Ports

Dubai Freezone is connected to all the major trading ports, offering limitless foreign trade opportunities—like an open invite to the biggest dessert fair in the world.

Whisking It All Together: Making It Happen

So, you’ve got your ingredients, you understand your recipe, and you’re ready to start whisking.

Seizing the Opportunity

The vibrant Dubai business scene is a tempting recipe for any investor, volatile as it can be. It’s an opportunity to make your entrepreneurial dreams become a reality.

Diving into the Deep End

Diving head-first into the Dubai Freezone might seem as daunting as an English Channel swim, but with the right help, it’s as exciting as a late-night pool party.

Trust the Process

Starting a company in Dubai Freezone is like preparing a delicate pastry—you need to trust the process. That's where EWBS delivers as the go-to professional Sous-Chef.

Let's Get Baking: The Role of EWBS Excellence Business Services

EWBS will play the crucial role of kitchen assistant, providing the necessary help to get your business "out of the oven" and ready to flourish.

  • We'll take charge of the mundane chores like collecting and filling forms.

  • We’ll be responsible for the tricky stuff like chatting up with the bureaucratic top chefs.

  • We’ll help you cut through the red tape like a hot knife through butter with our well-woven network and expertise.

So, there you have it! The A-Z instructions for whipping up a successful business in Dubai Freezone. Just remember, it's no microwave mug cake; it's more a slow bake. But with patience, perseverance, and a pinch of EWBS expertise, you'll undoubtedly rise to success. Ready, set, bake!

 

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