The process of business setup in KIKLABB is unique in many ways, especially the floating location of the free zone. KIKLABB is the only free zone in the region located inside a ship. KIKLABB is headquartered at Queen Elizabeth 2 cruise liner anchored at Mina Rashid, which is one of the largest ports in the Middle East. The free zone offers other attractions such as a wide range of business activities, dual licenses, unique licenses, world-class infrastructure and office space solutions etc.
Moreover, KIKLABB provides under one roof all kinds of business setup services in Dubai that foreign investors require. The process of company formation in KIKLABB is easy and flexible with the ability to obtain approvals within a few days. Business set-up consultants in Dubai can help foreign investors obtain a KIKLABB license without any delay. Read ahead for more information on the process of business setup in KIKLABB.
Types of Licenses in KIKLABB Free Zone
KIKLABB provides unique licenses to enable investors to access the most lucrative business activities in Dubai. Entrepreneurs who find it hard to choose the right trade licenses can seek the advice of business setup consultants in Dubai. The following is a list of licenses permitted in KIKLABB.
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A professional license in KIKLABB authorises companies to render professional services such as consultancy, accounting services, salons etc. Professional licenses are issued to skilled professionals who are qualified to do business in their respective areas of expertise.
A commercial license in KIKLABB is mandatory to carry out trading of goods and services within the free zone premises or export/re-exports. As per the UAE laws, free zone companies are not allowed to trade goods in mainland areas.
KIKLABB provides an e-commerce license for investors who wish to trade goods and services through online platforms. Business setup consultants in Dubai can help entrepreneurs obtain an e-commerce license without any hassle.
Trading & General Trading Licenses
A general trading license in KIKLABB permits the license holders to trade in multiple categories of goods. A trading license, on the other hand, allows the trading of specific goods.
An investment license is required to carry out investment services or activities of investment holding companies. Access to business setup services in Dubai will expedite the process of obtaining an Investment License.
Office Space Solutions in KIKLABB Free Zone
KIKLABB’s office spaces suit the budgetary expectations of all sizes of businesses. The free zone offers the following types of office spaces:
KIKLABB’s Virtual Office Standard Lease Agreement gives the entrepreneurs access to co-working space once a month at no extra cost. The co-working spaces in KIKLABB offer access to free high-speed WIFI, free parking, access to printing facilities and high-tech meeting rooms, access to networking opportunities & events and access to KIKLABB’s Member Benefits.
Co-working spaces in KIKLABB come with flexible pricing for entrepreneurs seeking a regular place to work on a longer-term basis, people on a business trip and individual who want to come and work for the day or a few hours. The benefits include free WIFI, free parking, complimentary tea, coffee & water, printing facilities, high-tech meeting rooms etc.
KIKLABB provides dedicated individual desks within a shared office for individual entrepreneurs. The professionals get the benefit of having their desks to work. The benefits include a registered office address at Queen Elizabeth 2, Mina Rashid, a dedicated desk with lockable storage, 24/7 key card access, inclusive of utility bills, access to business telephone landlines, access to meeting rooms, free high-speed WIFI, free parking etc.
KIKLABB provides private offices for those who which to have privacy, grow business or wish to have an office for a big team. Private offices in KIKLABB are available in various sizes starting from 175 Square Feet. Companies with 1-5 visas can choose any kind of office space while entities with six visas must rent a private office in KIKLABB. Benefits include a registered address at Queen Elizabeth 2, access to telephone landlines, 24/7 card access, access to networking events, free high-speed WIFI, free parking etc.
Benefits of Business Setup in KIKLABB
KIKLABB is one of the most prominent free zones in Dubai, offering unique benefits to foreign investors. Some of the benefits are detailed below:
1. Corporate Structure Benefits
The process of business setup in KIKLABB allows foreigners to enjoy 100% ownership with the ability to have up to five shareholders. There is no requirement to partner with a UAE national to incorporate a company in KIKLABB.
2. Strategic Location
Foreign investors will get a premium address at Queen Elizabeth 2 as HQ, Mina Rashid. Access to warehouses and the port will enhance export and re-export activities.
3. World-class Facilities
By registering a company in KIKLABB, investors can access high-tech offices and co-working spaces. The office space packages in KIKLABB are inclusive of all the amenities.
4. Ease of Doing Business
KIKLABB is the preferred choice of business people who wish to run their companies without any hardship. There are no annual audit report submission requirements in KIKLABB. Moreover, the investors get access to the best business support services in Dubai during their stint in KIKLABB.
5. Availability of More Activities
Foreign investors usually choose free zones that offer a wide range of business activities. KIKLABB offers over 2000 activities for investors to choose from. Consult with business setup consultants in Dubai to accurately choose business activities.
Compliance Requirements in KIKLABB Free Zone
All the companies in the UAE (free zone, mainland, and offshore) are required to meet the latest regulations introduced by the Federal Government such as Ultimate Beneficial Ownership (UBO), Economic Substance Regulations (ESR) and Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT). In line with this, companies incorporated in KIKLABB are also required to meet their requirements as per the regulations. Business setup consultants in Dubai can advise business owners on navigating such compliance requirements.
Choose the Best Business Setup Services in Dubai
The process of business setup in KIKLABB provides foreign investors with a premium address within a cruise liner docked at Mina Rashid Port. However, to avail of such benefits, entrepreneurs need to carefully execute the process of company formation in KIKLABB. Investors with access to the best business setup services in Dubai can easily navigate such complex company incorporation procedures. Foreign investors can consult with business setup consultants in Dubai such as Jitendra Business Consultants (JBC) to avail of bespoke company formation services.
JBC has more than 20 years of experience in catering to the needs of individual investors, startups, SMEs and big corporate groups. Our consultants can help the investors to make decisions regarding choosing the business activity & legal structure, drafting legal documents, opening bank accounts and processing visas. JBC has a team of highly qualified business setup advisers in Dubai who can simplify the company registration procedures. We also offer consultation on ESR, AML-CFT and UBO. Contact our consultants today to speed up the process of company formation in Dubai.