Establishing business in a free zone is one of the most enticing opportunities that many entrepreneurs have towards starting a company in the UAE. The UAE free zones are a popular destination among startup and international investors with the help of tax advantages, 100% foreign ownership, and streamlined processes.
Nevertheless, it is essential to learn about the Documents Required for UAE Free Zone Business Setup before starting operations. The right paperwork will facilitate an easy procedure to the UAE free zone company setup and UAE freezone company formation.
Why Choose a UAE Free Zone?
UAE free zones are the best destination of foreign investors due to their special privileges. Starting with zero import/export duty to total repatriation of profits, the benefits are too many. They are also flexible in any form of industry- be it e-commerce, consultancy or a trading enterprise. However, the initial move is to assemble the required paperwork which will be in tandem with the rules of the free zone authority of choice.
Key Documents Required for UAE Free Zone Business Setup
The following documents are necessities when you are supposed to prepare your company registration:
1. Shareholder and Director Passport Copies
All the free zone authorities demand a copy of all shareholders, directors, and partners of the business in terms of valid passport. Black and white copies are easier.
2. Passport-Sized Photographs
The verification of the identity of those who are involved with the company requires the use of recent passport sized photographs.
3. Visa Copy (if applicable)
A copy of an existing visa of the shareholders or directors is normally requested in case they already live in the UAE. This assists in streamlining the residency procedure during the establishment of the UAE free zone company.
4. Emirates ID (if applicable)
The free zone authority may need a copy of the Emirates ID of the UAE residents.
5. Business Plan/Activity Description
Some of the free zones would demand an elaborate business plan or a description of the intended business operations. This makes sure that the chosen free zone fits the operations of the company.
6. Memorandum and Articles of association (MoA and AoA)
Certain free zones might request some draft constitutional documents which describe the structure and functioning of the company.
7. No Objection Certificate (NOC)
No Objection Certificate (NOC) of the present employer could be required in the case a shareholder or director is already working in the UAE.
8. Bank Proof of address or Letter of reference
Certain free zones require a bank reference letter or utility bill as an argument in the proving of address by the shareholder.
With these documents ready before you, you will save the needless delays in the formation of UAE freezone companies.
Steps After Document Submission
The free zone authority will check the application once the documents are presented. This is normally carried out through:
- Preliminary acceptance to the free zone authority.
- Granting of the trade license.
- Application of visas (where necessary)
- Opening of a corporate bank account.
Availability of full and correct documentations will help to process it more quickly and you will not experience any trouble with starting your operations.
Expert Support for Hassle-Free Setup
First-time investors may be overwhelmed by the process of registering the company in a free zone within the United Arab Emirates. Professional guidance comes in here. Such trusted consultants as Go Kite Pro offer end-to-end services, including the gathering of the documents needed to register in the free zone in the United Arab Emirates, as well as the processing of approvals and opening a bank account. They have a team specialized in streamlining the process and making it less stressful to the business people to concentrate on growing the business.
Through its experience over the years, Go Kite Pro has been able to support many clients start their businesses in various free zones in the UAE. They do not only advise you on documentation, but also make sure to follow free zone regulations.
Final Thoughts
The initial step on the way to setting up your company in one of the most business-friendly locations in the world is to understand the documents needed to run such business in the UAE free zone. You can simplify the UAE free zone company set-up process by planning your papers beforehand and engaging the services of the experts to help you through the UAE freezone company formation process. Collaboration with the professional community such as Go Kite Pro gives credence and stability to the procedure and you are sure that your business will thrive in the UAE.