Dubai Textile City Free Zone

The textile industry in Dubai is one of the booming sectors because of the quality of the fabrics, yarns, garments, etc produced here. After understanding the potential of the textile market, the government of UAE has a dedicated Free Zone named Dubai Textile City which will uplift the textile industry and boost production.

If you are holding a textile business and wants to accelerate it further, or planning to start a business in Dubai, then this is the perfect time to make a move to Dubai Textile City Free Zone.

Benefits of Starting a Company in Dubai Textile City

By starting a business in Dubai, an investor will be able to avail the following benefits:

  • Complete foreign ownership
  • Strategic location for business incorporation
  • 100% tax exemption
  • Flexible government initiatives
  • Robust network and connectivity
  • Easy access options to the global market
  • Complete exemption from customs duties for an unlimited period
  • Premise sublease options
  • Free transfer of goods
  • Long lease period with attractive rent
  • A smart and integrated framework for businesses of different sizes

How to Start a Business in Dubai Textile City?

The company formation in Dubai can be done quickly by following the steps given below: 

Deciding the name of the company is one of the crucial tasks a business owner or investor must conduct before starting a business in Dubai. 

While determining the name of your company setup in Dubai, one needs to follow the legal guidelines:

  • The company name should not have any indecent or obscene words
  • It shouldn’t offend the general public
  • The name of the company shouldn’t indicate “Allah” or “God’s” name
  • The name of a company shouldn’t be of a country
  • In case the company name is of a person, they need to be a legal business partner
  • Family names can’t be used as a trade name
  • Punctuation marks or special characters shouldn’t be included

Once the company name has been decided according to the stated laws, the next step is to select the type of business structure. 

Following are the legal structures that can be followed for your business setup in Dubai.

  • Free Zone Limited Liability Company (FZ-LLC)
  • Branch of a Foreign or National Company

A business entity gets incorporated if appropriate documents are submitted error-free. The set of essential documents that need to be submitted to proceed with the company formation in Dubai are as follows:

  • Passport and visa copies of shareholder(s)
  • Proof of trade name registration
  • Proof of initial fee approval
  • Notarized Memorandum and Articles of Association (MOA/AOA)
  • Notarized Power of Attorney
  • Lease agreement stating the physical address of the business
  • Initial capital to be invested

After submitting the required documents, you can obtain a business license to run your company setup in Dubai.

Once you incorporate your business in Dubai, the next step is to open a corporate bank account in Dubai. Opening a bank account is a lengthy process. To cut short the process, you can get assistance from the business setup consultants in Dubai.

Business Setup Worldwide is one of the premier consulting firms in Dubai that delivers business incorporation services to clients globally. The business setup consultants in Dubai provide the best strategic business solutions with utmost care in forming your company setup in dubai. If you have any queries, please contact us.