22 August, 2023

Start your LLC Company Setup in Dubai Free Zone

llc company setup in dubai free zone

Dubai is the ideal location for anyone looking to establish their own business. It is, however, a challenging process to obtain a professional license if you are inexperienced. Yet, with the appropriate instruction, it may be a simple procedure. This blog will discuss the advantages and actions involved in forming a Limited Liability Corporation in a free zone. We will go over the procedure for obtaining a professional license.

What is a Limited Liability Company?

A limited liability company is  a well-known legal entity in the UAE. They protect the owner from liability i.e., in case of any issues, the personal funds and possession of the owners stay safe. Overall, LLC is a safe and secure option for the Company in Dubai Free zone and lets the owner setup while avoiding any liabilities.

It can be a FZ LLC or a FZCO LLC. An FZ LLC has one shareholder whereas a FZCO LLC can have two or more shareholders.

Who can obtain a professional licence in a freezone?

Anyone providing professional services such as consultancy, legal, accounting or engineering services are eligible for a professional license. It can be taken as a freelancer or for your company.

What are the benefits of setting up an LLC company in a freezone?

There are many benefits of opening an LLC company in Dubai free zones. They are as follows-

  • 100% ownership of the company as a foreigner
  • 100% repatriation of capital
  • No currency limitations
  • No export duties or personal tax
  • Many options are available for workspace
  • A wide range of business activities to choose from
  • A variety of free zones which have a diverse population
  • Ease of doing business
  • Help available for setting up a business
  • Easy process for opening a business bank account

What are the steps for obtaining a professional license with an LLC structure in a free zone?

There are a few easy steps that you need to follow to obtain a professional license with an LLC structure in one of the free zones. You can also take help from one of the business setup consultancies for the same in order to ensure that all the steps are done well and nothing is left behind. The steps are-

  1. Choose a free zone – Select the free zone in which you want to establish your business – The free zone in which you establish your business impacts the audience your firm receives.
  2. Determining the legal structure – A FZCO LLC or a FZ LLC are both viable options.
  3. Pick a trade name – Choose a trade name for your firm, make sure it is available and that it complies with all naming standards.
  4. Get pre approvals-Ask for pre approvals from the appropriate authorities. This includes all of the authorizations needed before commencing the license application process.
  5. Fill out the form : – Fill out the application forms, supply the necessary papers, and pay the fees.
  6. Get your license – You will receive your free zone license within 5-7 days.

What documents are required to open an LLC in a free zone?

The documents required to open an LLC in a free zone are-

  • Application form and certificate
  • Passport copy
  • Visa copy
  • Emirates ID
  • Two coloured photographs

What are the costs of opening an LLC entity in a free zone?

 The costs of opening an LLC entity in a free zone depends on a lot of factors. These variables are determined by the needs of your company. Therefore these costs are quite difficult to determine accurately in general. This is where you can get help from experts. Our RadiantBiz cost calculator tells you the cost of your business setup according to your needs. Enter your details and get started.

How can RadiantBiz help you get your business established in a free zone?

Establishing a business in a free zone is a dream for many entrepreneurs. When it comes to making it real, many people, especially foreigners, require help. It is important to go for the best business setup consultancy. RadiantBiz is just the right and the best choice for your business. Our happy clients testify to our efficient working. Get started with us today and get customised strategies by our company formation consultants who treat your business like their own. Contact us today.