VAT free Government Expense
Firstly, if you want to setup your business without fulfilling visa requirements and your office, you have to bear a government expense of approximately 11,500AED and other established card combined with 2500AED expenses. The best thing in this case is you will get refund of some of the amounts you opt to pay. Considering this fact, we should say that obtaining business license in free zone of UAE is the cheapest possible option, as prices remain exclusive from the VAT.
Demands for Minimum Possible Documents
Unlike business license requirements in any other posh areas of Dubai or UAE, in free zone, you require producing minimum possible numbers of documents. Accordingly, you only have to show the photocopy of your visa and passport, while the nearby PRO desk team deals with everything and inform you as a business owner about other relevant documents or further requirements.
Less Possible Waiting Time for the Business License
Once you complete each of the license requirements (as mentioned before), you get your business license within only 4 working days. Indeed, this lets you saving your valuable time while waiting for the license and thereby, starting with your work in no time. In addition, depending on your business requirements, you may apply for professional license to start with your business activities.
Types of Business License to Start Operations
Companies incorporate legally outside of UAE in export and import activities will get permission for a trade license. Ownership in this case would be 100percent foreign and hence, companies do not require license from local economic department.
Companies possessing valid service license from UAE’s government body are able to deliver contracting and banking services. However, these companies should essentially stay abide by key requirements of the respective government body.
Companies incorporated legally in the sector of industrial production outside of UAE but remain within free trade zone require industrial license. Ownership in this case would be 100percent foreign and hence, companies do not require license from local economic department.
National Industrial License
Lastly, industrial manufacturing groups in Dubai acquire national industrial license to acquire the same status as any GCC or local company obtains in any region of UAE.