KIKLABB Free Zone Company Formation: 2020 Detailed Guide

The UAE’s fast, affordable, and transparent company formation process is one of the many reasons why international entrepreneurs flock to the country. With the help of a trusted expert, you could be running a UAE business within weeks.

When setting up here, you have the option of starting a mainland or free zone business. As well as upfront licensing costs and low overheads, free zones companies also benefit from a lack of currency restrictions, the option to repatriate all capital and profits, and customs tax exemptions. This is on top of the UAE’s favourable 0% corporate and personal tax rates.

Whether you opt for a mainland or free zone setup, it’s important to work with a provider that has the knowledge and experience to support you, not just through the application process, but far beyond. When you set up at KIKLABB, with the support of Trade License Zone, you’re always in safe hands.

What is KIKLABB?

KIKLABB has been formed to boost the fast-growing economic activity in Mina Rashid. An AED 25 bn Emaar project. KIKLABB issue both Free Zone and Onshore licenses. In addition to licenses, KIKLABB workspaces, banking, insurance, accounting, networking, accommodation, restaurants and more.

Offering both mainland and free zone licensing, KIKLABB is the ideal choice for businesses of all types, industries and sizes.

Its unique location aboard the QE2 in Dubai’s Mina Rashid provides entrepreneurs with a prestigious base to call home. KIKLABB features private offices, co-working spaces, and flexi desks, alongside state-of-the-art facilities to host meetings, conferences, and networking events.

Types of KIKLABB licenses

KIKLABB is not limited to a specific sector or industry and offers a range of commercial, industrial and professional licenses.

It is also not limited to one type of setup. KIKLABB offers free zone packages inclusive of workspace and the cost of visa applications, as well as DED mainland packages inclusive of sponsor, agent, and signatory solutions.

Benefits of a KIKLABB license

There are many benefits to setting up at KIKLABB. Start up here and your business will take its place in one of Dubai’s most exclusive neighbourhoods, with a waterfront location to call your HQ.

KIKLABB is just 15 minutes from downtown, less than 15 minutes from Dubai International Airport, and surrounded by every amenity needed to get your business moving.

What’s more, KIKLABB is government-owned which allows for a more robust and straightforward incorporation process. When starting your application, you will be assigned a dedicated account contact who will manage your trade license, visa, and bank account applications on your behalf.

Cost of a KIKLABB license

The total costs involved in setting up at KIKLABB will depend on all manner of factors – the office space you require, how many employees you have, your license type, and much more.

The only way to get a precise estimate it to talk to a company formation specialist who can tailor a quote to your specific needs.

As a guide, KIKLABB’s free zones licensing via Trade License Zone starts from AED 17,000 and we will also add further value of at least AED6,000 with several complimentary startup elements.

How to start a business at KIKLABB

There are several simple steps involved in starting your business at KIKLABB. The first is to secure the services of a trusted UAE company formation expert to guide you through the process.

Your company formation partner will first help you to outline your business needs from over 2,000 available activities. When setting up at KIKLABB, you can list up to five activity codes on your license.

Next, you must choose your company name. When doing this, you’ll need to adhere to the UAE’s naming criteria.

You cannot include any offensive or blasphemous language, nor any references to Allah or Islam in your company name. If you wish to include your name in your company name, you must use it in full rather than just your surname or initials. You must also check that your chosen name is available to be registered.

Now for the most important step – applying for your company license. Your company formation partner can manage this step for you, liaising with KIKLABB authorities on your behalf. You will just be required to submit a few details about you and your business as well as an approved form of identification.

Your visa application will also form part of this process, as will those of your employees.

You will need to visit an immigration centre during the process to provide biometric information. The visa application also includes a fitness test, blood test and chest x-ray.

Providing you meet the salary criteria, it is also possible to sponsor others for their UAE visas too, such as your children, partner or parents.

Finally, you will need a corporate bank account to trade in the UAE. The UAE is home to a wide range of banking institutions, both local banks and international brands. However, bank account opening can be a complex process for overseas business owners, so, once again, it is best to make your application with the help of an expert who is well-versed in the process and its requirements.

Get started at KIKLABB

The free zone company formation process in the UAE has been designed with simplicity in mind. That said, it does take some in-depth knowledge of the region and its many customs and regulations.

That’s why it’s always advisable to acquire the services of a business setup company who can not only advise on the process but also seek out the most suitable license and setup type for your business, based on your needs and your budget.

When you use business setup services, you also gain peace of mind that your license and visa applications are free from errors and omissions – both of which can lead to delays and rejection.

When you work with a UAE company formation specialist, all you need to provide is some basic documentation and a little information about the nature of your business. Then, sit back and let the experts take care of the rest – managing your license and visa applications, communicating with all relevant departments and authorities, and reporting back when you’re ready to start trading. It really is that simple.