Starting a free zone company in Dubai offers numerous benefits, including 100% foreign ownership, tax exemptions, and access to excellent infrastructure. However, setting up a business in one of Dubai’s free zones requires meticulous preparation and submission of several key documents. Below are essential documents required to open free zone company Dubai:
Passport copies:
The first and most fundamental requirement is passport copies of all shareholders and managers involved in the company. These copies should be clear and valid, with sufficient pages available for visa stamps if needed. Passport copies help verify the identity and nationality of the individuals setting up the company and are vital for the registration process.
Proof of address:
Proof of address is required for all shareholders and managers. This can typically be provided through utility bills, bank statements, or tenancy contracts that are no more than three months old. Proof of address ensures that the free zone authority can verify the residential address of the company’s stakeholders, adding an additional layer of legitimacy and security to the registration process.
No objection certificate (NOC):
A No objection certificate (NOC) is necessary for individuals who are already employed in the UAE and wish to establish a new company. The NOC must be obtained from the current employer, indicating their consent for the individual to engage in additional business activities. This document helps avoid conflicts of interest and ensures transparency between the employee and employer.
Business plan:
An inclusive business plan outlines the nature of the business, its goals, operational strategies, market analysis, financial projections, and the structure of the company. This document is vital for the free zone authority to understand the business’s scope and viability. A well-drafted business plan demonstrates the seriousness and preparedness of the business owners, which can facilitate smoother approval processes.
Completed application forms:
Each free zone has its specific set of application forms that must be duly filled out and submitted. These forms typically include the company registration application, license application, and tenancy application for office space within the free zone. Accurate and complete information in these forms is essential for the timely processing and approval of the business setup.
