Choose Your Business, The nature of your business can affect the free zones you can or should be in. For example, some free zones only allow certain areas of activity such as media, medicine, or transport, and in addition to restrictions, it often makes sense to locate in the vicinity of companies in the same industry – also pay attention to transport connections When importing and exporting, you probably want one of the free zones nearby choose an airport or port.
The final decision can be made later in the prep process, but starting your business will surely guide you and help eliminate some options early on. However, there is no need to pigeonhole your company as multiple business activities can be listed under one business license.
Choose your company name; some strict naming conventions apply in the United Arab Emirates. So before committing to a company name, make sure you stick to it. Any name that contains offensive language is prohibited, as is any company name that refers to Allah, Him, or any other religious, sectarian, or political group such as the FBI or the Mafia. If you want to name your company after someone, that person must be a partner or owner of the company and their full name must be used without initials or abbreviations.
A business setup expert can provide you with chapters and verses on all naming conventions. You can save a lot of time and effort bypassing the suggested name to see if it happens, and if it doesn’t, they can help you find something that works.
Complete All Formation Formalities You will be asked to complete an application for the name and activity of your chosen company, which will be mailed to the appropriate government agency along with copies of shareholders’ passports.
Receive your license notification. This is the easiest step of all. Once your application has been processed, the government will issue you with your business license. At Virtuzone, we notify our customers when their documents are ready for collection.
Open a bank account, after you have returned the documents, you will have all the documents you need to open your company bank account. The UAE is home to many local and international banks including Emirates NBD, Abu Dhabi Commercial Bank, and the Commercial Bank of Dubai, as well as global names like HSBC, Citibank, and Barclays. You can go to a bank of your choice or ask your business branch partner to arrange meetings with various institutions to help you choose the most suitable option.
Processing of your visa, up to the last step of setting up a company formation in Dubai. In addition to applying for your own visa, you can submit applications for employees and their relatives in many free zones; the exact number you can send depends on the free zone. So if you are looking for a visa for a spouse, children, domestic servant, or driver, your best bet is to seek expert advice to make sure that you can do so in the free zone you choose. And second, that both you and anyone else you wish to sponsor for a visa meet all entry criteria. Emirates ID registration and visa stamp.
