A "free zone" is a geographical location that has been solely set up to provide space for entrepreneurs to start their own business in the UAE with certain privileges that will help enhance the growth and expansion of their business. The free zone licenses are given to entrepreneurs based on their business activity. Investors can enjoy benefits such as tax exemptions, 100% foreign ownership, repatriation benefits, etc. 

Things to Know While Applying for a Freezone License in UAE

Setting up business in a free zone is a relatively simple process. A free zone as a business location will take the least amount of paperwork, making it the most chosen business location by foreign entrepreneurs. The key steps to obtaining a freezone license are:

• The first step is to select the type of legal entity for the business. Freezone gives two options for setting up a business: Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ Co.), and Free Zone Establishment (FZE). You have to check with the free zone authority to know what kind of business establishments are allowed.Foreign and local companies can set up their branches in the free zone. 
• The next step is to fix a trade name or business name for your company. The name that you choose for your business entity should abide by certain conditions prescribed by relevant authorities. The name chosen should not oppose public morals or public order in the country, be compatible with the line of business activity, should not contain blasphemous language or be in relation to any particular religion. 
• Apply for the freezone license with relevant documents. Additionally, a business license has to be acquired depending on the line of business you have chosen to pursue. 
• Choose an office space in the free zone. Office space has to be decided upon based on business activity and the number of employees.
• Get your business approvals and then be ready to start your business. 

How to choose the best consultant/company that provides a free zone license?

The best business consultant company that can offer a free zone license, can be chosen by keeping in mind certain factors. These factors are discussed below:

• When selecting the best business consultant to help you get a free zone license, extensive knowledge and expertise are key considerations. To ensure a smooth approval process for a free zone license, the consultant should have experience working with a variety of business sectors. They ought to be able to offer solutions that are specifically tailored to your company.
• The best option will be a business consultant who has knowledge of starting their own business. They will be aware of the various variables that may influence the establishment of a business in a free zone. They will be more aware of the various approvals that might be needed and the associated deadlines. 
• The best person to set up your free zone license is a consultant who specializes in free zones and has strong business networking abilities. Their network building abilities will be advantageous for your company because their networking abilities will make it simple for you to obtain your freezone business license.
• The consultant you select for your free zone business license needs to be well-versed in the UAE market. You can only simplify your processes with a consultant like that. Furthermore, they will be fully aware of the country's current economic situation. 
• Just because a free zone license consultant offers affordable services does not mean you should hire them. Without a doubt, budgeting places financial restrictions on businesses. However, consultants who offer inexpensive services won't be able to deliver high-quality services.

Why Choose StartBiz for Finding a Freezone License Service Provider in UAE?

StartBiz is an online directory that includes premium and experienced business consultants whose main goal is to help their clients obtain free zone licenses in the United Arab Emirates. Business consultants with positive ratings are included in the listings. The best free zone license service provider in the UAE can be found on StartBiz.