It is considerably easy to set up a company in a free zone. Minimum paperwork and length is necessary for free zone authority. The main steps in setting up a company in a free zone are here.

Choose your Legal Entity

  • Determine your company’s sort of legal entity. One of the two types of firms can be set up in a free zone:
  • Company Free Zone Limited Liability (FZ LLC) or Company Free Zone (FZ Co.)
  • Creation of Free Zone (FZE)

The distinction is whether the shareholder is a natural person or a legal person, or if the shareholder is a shareholder. Not both kinds of enterprises could register all free zones. You must examine the sort of firm you can register with the different free zone authorities. See the List and Authorities of Free Zones.

A branch of your firm may be set up in free zones by existing local and foreign enterprises.

Select Trade Name and Register Logo

You should pick a trading name while choosing the form of legal entity that your firm should adopt.

In most circumstances you should verify if the permissible trading names are registered with the various free zone authorities or with the Department of Economic Development.

Generally speaking, the main conditions for DED to approve the proposed trade name are the trade name:

The public morality or public order of the country must not be violated. The legal form of the firm must be observed.

You need to follow a process for Logo registration in UAE. Create a unique logo. Remember, your trade name and logo must not be contradicted to any religion, region, or sect. 

Get Legal Licence

The initial application procedure will commence with registration of the firm’s legal name with the appropriate issuing body when the essential papers are received and formalized. This critical phase will allow us to clarify the exact pricing and finally to approve the actions suggested by the firm.

Mashreq bank can pay the remaining costs and anticipate to issue the incorporation certificate after the initial consent has been received. This whole procedure will receive a specialized company service officer from Mashreq bank.

Open a Bank Account

At Mashreq bank, we see an enterprise as unworkable if it does not have a company’s bank account. Exceptions include holding firms that have been founded to hold shares in other firms alone. We have therefore created a banking and expertise network which enables us to open our accounts to all registered firms. However, it is up to the bank to decide finally to create an account. Our success percentage of establishing accounts in the UAE to date is 100%.

Our professional standing as a ‘international corporate service provider’ and our visibility in the eyes of the financial industry as a ‘qualified introducer.’ We offer PRO services UAE.

For most foreign banks with whom we cooperate, we open bank accounts through letter. The legislation compels the client to visit the bank in person in the United African States. 

We meet banks and our customers at our own offices in order to facilitate the procedure. You and any family and/or staff are authorized to create personal bank accounts at this phase.