Required Documents for starting a Freezone construction company in UAE

If you are thinking of starting a business in a Free Zone UAE, then you may be on the right path. It could be one of the most beneficial and strategic moves. Entrepreneurs and businesses have a good scope to grow and settle their business there. Being one of the most rapidly growing areas, it provides different benefits on taxes and processes. The idea of completing a business in the Middle East is highly profitable but there are a few rules and regulations that need to be fulfilled. There are some legal requirements for starting a business in the UAE. The specific documents required for freezone company registration can vary depending on the regulations and procedures of the particular freezone where you intend to register your company. However, here’s a general list of documents commonly requested:

List of Documents Required to start Freezone company in UAE

 Business Activity Specification

Before starting any kind of business, it is necessary for a business to specify what kind of activity are they going to perform so that government can analyse it and approve it.

Business’s legal structure

Before starting a business in Freezone UAE, you need to determine the legal structure of your company. Legal structure gives a clear view of the business’s nature and requirements. There are a total of 3 forms of business that can be legally run in the UAE Free Zone: FZ LLC (Free Zone Limited Liability Company), FZ Co. (Free Zone Company), and FZE (Free Zone Establishment).

Trade Name Registration

The Department of Economics holds the authority of approving your trade name. Trade name is a unique name given to your company. It should not match other company’s names and should be totally unique. 

Application Form

Application is a form provided by UAE government which is supposed to be filled to apply for starting a business in Freezone.

Passport copies and visa copies

It is necessary to provide proof and UAE government ask for passport copies of main individuals involved in commencing the business.

MOA (Memorandum of Association) and AOA (Articles of Association)

For specific business types there are specific documents needed. For FZ-LLCs, a MOA and AOA are needed.

NOC (Non-Objection Certificate)

The current sponsor avails the NOC which is necessary to be presented to the UAE government. 

Proof of Address

Utility bills or lease agreements are required for the proposed business premises within the Freezone.

Bank Reference Letter

A letter from the shareholder(s) or director(s)’ bank confirming their account standing and banking relationship is also required.

Corporate Power of Attorney (if applicable)

If a representative is appointed to complete the registration process on behalf of the shareholder(s), a power of attorney document is required.

Additional documents

Any other additional document can be required according to the type of business for example passport size photo, bank documents, etc.

Conclusion

There are many requirements by the UAE Government when it comes to approving a business activity. There are many businesses like construction, media, and so on and every kind of business has different kinds of requirements. So, it is better to check from the official sites of the UAE and get to know the rules of Freezone. So, if you are somebody trying to set up a business in Freezone make sure to prepare these documents beforehand.

FAQs

1. What are the benefits of starting a business in a Free Zone in UAE?

Starting a business in a Free Zone in UAE offers numerous benefits including tax advantages, streamlined processes, access to world-class infrastructure, 100% foreign ownership, and exemption from import and export duties.

2. What types of business activities can be conducted in a Free Zone in UAE?

Free Zones in UAE accommodate a wide range of business activities including commercial trade, industrial, media, educational, e-commerce, manufacturing, offshore services, warehousing, and more.

3. What are the legal structures available for businesses in UAE Free Zones?

Businesses in UAE Free Zones can operate under three main legal structures: Free Zone Limited Liability Company (FZ LLC), Free Zone Company (FZ Co.), and Free Zone Establishment (FZE). Each structure has its own set of regulations and requirements.

4. How do I register my business’s trade name in a UAE Free Zone?

To register your business’s trade name, you need to ensure that it is unique and does not resemble existing company names. You can register the trade name with the Department of Economic Development.

5. What documents are required for company registration in a UAE Free Zone?

Commonly required documents include passport and visa copies of shareholders, directors, and appointed managers, application forms provided by the Free Zone authority, Memorandum of Association (MOA), Articles of Association (AOA), Non-Objection Certificate (NOC), proof of address, bank reference letter, and corporate power of attorney if applicable.

6. Are there any additional documents required for specific business types?

Yes, additional documents may be required depending on the nature of the business. These can include passport-size photos, specific bank documents, or any other documents stipulated by the Free Zone authority.