Business setup in DUQE
Detailed Benefits of business setup in DUQE
How to business setup in dubai DUQE ?
Right Business Activity
Reserve Trade Name
Incorporation Documents
Open a Bank Account
Common Questions About business setup in DUQE
Here are the key steps to set up a business in a free zone.
Determine the type of legal entity.
1. Choose a trade name.
2. Apply for a business licence.
3. Choose an office space.
4. Get pre-approvals, register your business and get your licence.
You can establish two types of companies in the Free Zone: one called a Sole Establishment or FZE, with a minimum of one shareholder and, on the other hand, a Free Zone Company, abbreviated as FZC with a minimum of two shareholders. Both individuals and corporates are allowed as shareholders.
The qualifying income obtained by businesses recognized as Qualifying Free Zone Person enjoys a 0% rate of corporate tax. Salaried income in Free Zone is taxed at the corporate tax rate of 9% unless other exceptions apply.
If intending to start a business in any of the UAE Free Zones, there are three primary steps to follow: securing your business license, procuring your UAE Residence Visa, and opening a corporate bank account. Proper planning should allow for completion of the whole business setup procedure within 1-4 weeks.