Starting a business in the Free zone area is great because it will help your business grow. When you are planning to start a business there the first thing to do is obtain a Freezone Industrial License in this industrial sector in Dubai. Dubai is coming up with many innovative ideas to improve its economy. The economic sector of Dubai is developing day by day. Starting a company in a free zone area is a very intelligent choice you make because you will not only get 100% ownership but can do business at a cost-effective amount. Let us see a few reasons why starting a business in a free zone area is very beneficial. To know more about Free Zone Company Setup in UAE, contact United Business Formations.
What To Know About Freezone Industrial License?
Business owners or entrepreneurs who plan to start a commercial activity that is of an industrial type can obtain this license. Companies that use factory equipment for manufacturing on a commercial level will need a Freezone Industrial License. A company that is involved in the production or refinement of chemicals on a large scale also requires a license. The rules and regulations of obtaining the license will vary depending on the emirate your industry is based in. To get the license in Dubai you will need to have both a physical office and also a warehouse facility.
Sectors That Require Industrial License
- Food and beverage manufactures
- Textile manufactures
- Oil refineries
- Chemical factories
Prerequisites Required for an Industrial License
Office Space: The entrepreneur must have a physical warehouse and an office space in Dubai. The authorities will not permit a virtual office.
Number of Employees: The number of employees will be based on where you set up your industry.
Transport: If the industry is located on the outskirts then a lot of money will be spent on transportation. The Free zone areas are located near seaports and airports for easy transportation.
Electricity & water: Based on the location you have selected contact the electricity and water authority to upgrade the supply for your facility.
Advantages of Freezone Industrial License
- Free zone permits foreign investors to get 100% ownership of their business.
- The owners can repatriate all the profits to their home country.
- A place like Dubai will provide you with the opportunity to connect with the global business community.
- The license-obtaining process is very easy and speedy.
- UAE law prohibits companies from paying corporate tax out of their business revenue, allowing you to keep all your profits.
Applying For The Freezone Industrial Licence
- Submitting the application with a business plan.
- Finalizing the warehouse in line with the business activity.
- Application of the license
- Application of visa.
Documents Required
- Business plan
- Passport copy
- Visa copy
- Investor’s profile
Obtaining a Freezone Industrial License is easy with United Business Formations. We are the Business Setup in UAE to help you obtain your license very smoothly. We have professional consultants who can guide you and help you based on your requirements. Feel free to contact UBF for any doubts.
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