Establishing a company in the Dubai Free Zone is considered a strategic option that has several advantages that make it attractive to entrepreneurs and companies. In cooperation with Itqan Company, you can benefit from these advantages and facilitate the process of establishing a company in the Dubai Free Zone.
Itqan Company is a company specialized in establishing a company in the Dubai Free Zone . The company has extensive experience in the field of free zones and local laws, which makes it the ideal partner for investors wishing to establish a company in the Dubai free zone.
We will take a look at some of the main advantages when establishing a company in the Dubai Free Zone in cooperation with Itqan Company, which is one of the best leading companies in the field of investment and company establishment in Dubai.
What is the free zone in Dubai?
Dubai Free Zone is a special economic zone in the emirate of Dubai in the United Arab Emirates. It was established in 1985 and is one of the oldest and most prominent free zones in the region. The Dubai Free Zone aims to promote investment and encourage business in the emirate. The Dubai Free Zone is a special economic zone that provides a distinct business environment for companies and investors. Free zones were established in Dubai as part of the emirate\\\’s strategy to diversify its economy, boost investments and promote international trade.
Dubai Free Zone has many privileges and advantages that make it a favorite destination for international companies and entrepreneurs. Labor and trade laws in the free zone are designed to facilitate the establishment and operation of companies efficiently and smoothly.
Advantages when establishing a company in the Dubai Free Zone
Establishing a company in a Dubai free zone comes with many advantages and benefits that make it an attractive option for local and international companies. Here are some of the main advantages of establishing a company in Dubai Free Zone:
- Trade Freedom: Dubai Free Zone gives businesses the ability to trade freely without trade restrictions or customs duties. Thus, companies can import and export goods with little or no hindrance.
- Low or exempt taxes: Dubai Free Zone provides tax facilities aimed at attracting investments. For example, companies located in a free zone are exempt from corporate tax for specific periods of time.
- Access to the global market: Dubai is a global business hub and a hub for international trade. In addition to benefiting from the active local market, companies in the free zone can easily access a wide global market through Dubai\\\’s advanced air and sea transportation network.
- Advanced Logistics Facilities: Dubai Free Zone is characterized by advanced infrastructure and excellent logistical facilities. There are international airports and sea ports in the region, which facilitates import and export operations and reduces transportation costs and delivery time.
- Flexible laws and simple procedures: Dubai Free Zone provides simple and flexible procedures for establishing and managing companies. The emirate adopts a flexible policy aimed at facilitating licensing and operating procedures.
How to establish a company in the Dubai Free Zone
Establishing a company in the Dubai Free Zone requires following several steps. Here\\\’s a look at the basic steps:
- Choosing the company\\\’s activity: Before embarking on the incorporation process, you must determine the company\\\’s activity that you wish to practice. This can be commercial, industrial or service.
- Choosing a free zone: Select the free zone that suits your company’s activity and requirements. Free zones in Dubai vary in the services and facilities they provide.
- Determine the legal form of the company: Decide whether you will create a sole proprietorship, a limited liability company, or a joint stock company. The choice depends on the company structure and the responsibility of the partners.
- Select and register a name: Choose a name for your business and make sure it is available and complies with naming laws in Dubai. After that, register the name with the relevant authorities.
- Determine capital: Estimate the capital needed for the company and specify it in the company’s professional contract.
- Obtaining approvals and licenses: Obtain the necessary approvals from the competent authorities and the required licenses, which vary according to the company’s activity.
- Submitting the application and completing the papers: Submit the incorporation application to the competent authority in the free zone and complete the required papers.
- Signing the professional contract: Sign the professional contract with the free zone and pay the fees related to the establishment.
- Opening a bank account: Open a bank account in the name of the company in one of the approved banks in the free zone.
- Receiving the license: After completing the procedures, you will obtain the work and operation license for your company.
The cost of establishing a company in the Dubai Free Zone
The cost of establishing a company in the Dubai Free Zone depends on several factors, including the type of company, economic activity, and the specific free zone. Here are some factors that may affect the cost:
- License fees: License fees vary depending on the type of company you wish to establish, such as a limited company, sole proprietorship, or…
- Joint Stock Company: These fees can include registration fees, business licenses, and other government permits.
- Real estate fees: If the company needs an office or work space in the free zone, you will have to pay rent or leasing fees depending on the size and location of the office.
- Service Charges: The free zone may provide additional services such as logistics, marketing, human resources and legal assistance. These services may involve additional costs.
- Required Capital: Establishing a company in the Dubai Free Zone may require specific capital. The amount required varies depending on the type of company and the sector in which it operates.
- Consulting fees: You may need to obtain consulting services to assist in preparing and submitting the required documents and consulting by Itqan Company experts.
What commercial activities are allowed in the free zone?
In the Dubai Free Zone, there is a wide range of permitted business activities. These activities are identified according to specific sector classifications. Below are some of the common business activities that are allowed in the Dubai Free Zone:
- General trade: including trade in goods and various products.
- Professional services: such as legal, financial, engineering consulting, design, marketing, public relations, and training.
- Industry and manufacturing: including light, medium and heavy production of various goods.
- Logistics, warehousing and distribution: including shipping, warehousing, distribution and logistics.
- Specialized logistics services: such as sea and air transportation, express shipping and customs clearance.
- Technical and informatics: including information and communications technology, software development and provision of technical services.
- Research and development: for companies working in the field of scientific research and technological development.
- Health and medicine: such as medical services, clinics and medical laboratories.
- Travel, tourism and hospitality: including hotels, tourism agencies and travel-related services.
- Media and entertainment businesses: such as media production, television, films, studios, and entertainment shows.
Licenses required to establish a company in the Dubai Free Zone?
You obtain the necessary licenses to establish a company in the Dubai Free Zone, depending on the type of company and its activity. However, the basic licenses that may be necessary can be summarized as follows:
- Company establishment license: Specifies the type of company and its legal structure, such as a limited liability company, joint stock company, or others.
- Business License: It specifies the company’s specific activity, and it must be proportional to the activities permitted in the free zone.
- Building and operating permits: If you intend to establish a company building in the free zone.
- Residence permits for employees: If you intend to employ employees, you may need residence permits for them.
- Industry and Health Licenses: These may be necessary for companies operating in certain industries or providing health services.
- Environmental licenses: If the company deals with hazardous materials or affects the environment.
- E-Commerce License: If you plan to trade online.
In conclusion of the article, it can be said that establishing a company in the Dubai Free Zone is an exciting and rewarding investment option. Dubai Free Zone operates as a thriving global trade hub, providing a conducive business environment and flexible business laws.
In cooperation with Itqan Company, you will be able to benefit from its extensive experience and knowledge in establishing companies in the Dubai Free Zone. Itqan Company will provide you with support and guidance in all stages of establishing the company, starting from market analysis and choosing the appropriate business activity, all the way to licensing procedures and submitting the necessary documents.
Thanks to cooperation with Itqan Company, you will enjoy a smooth and easy company establishment experience, while providing support in legal, financial and administrative matters. You will also enjoy a wide network of customers and business partners in the free zone, which enhances your company\\\’s chances of success and growth.
Registration in the Chamber of Commerce and Industry in the free zones in Dubai
Registration with the Dubai Free Zones Chamber of Commerce and Industry is an essential step to achieving success and sustainability in business. Registration is a necessary step for companies operating in free zones to ensure compliance with local laws and regulations and obtain the necessary support for growth and expansion. Below are the steps to register with the Chamber of Commerce and Industry in Dubai Free Zones:
Registration steps
- Preparing the required documents: Companies must provide a set of required documents such as a commercial license, articles of incorporation, and other relevant legal documents.
- Submitting a registration request: The registration request can be submitted electronically through the Chamber of Commerce’s electronic services portal or in person at one of the Chamber’s service centers.
- Payment of fees: Companies must pay the fees prescribed for the registration process, which vary depending on the type of company and the size of the business.
- Review and Verification: The Chamber will review the submitted documents and verify that they meet the legal conditions and requirements.
- Issuance of a registration certificate: After completing the review, the chamber will issue a registration certificate that enables the company to practice its commercial activities within the free zone.
The importance of registering in the Chamber of Commerce and Industry
- Formal recognition: Registration provides official recognition for the company and enables it to participate in trade fairs and events.
- Business Support: The Chamber provides a range of business support services such as legal advice, financial guidance, and marketing.
- Access to Resources: Registration provides access to a database of registered companies and benefit from business networks and business relationships.
- Legal protection: Registration helps protect a company\\\’s rights and ensure compliance with local legal requirements.
Free zones in Dubai
Dubai\\\’s free zones include many specialized economic zones such as:
- Jebel Ali: One of the largest free zones in the world and hosts many international companies.
- Dubai South: A strategic area near Al Maktoum International Airport.
- Dubai Marina: A center for maritime activities and logistics services.
- Dubai Tech: Home to technology and innovative companies.
Registration in the Chamber of Commerce and Industry in these regions helps facilitate business operations and provides companies with a supportive environment for growth and expansion in the local and international market.
Frequently asked questions about establishing a company in the Dubai Free Zone
What types of companies can be established in the Dubai Free Zone?
There are several types of companies that can be established, including sole proprietorships, limited liability companies, joint ventures (JVs), and branches of international companies.
What are the basic requirements for establishing a company in the free zone?
- Company incorporation application form.
- A copy of the passport for all partners.
- Detailed business plan. Proof of address (for investors).
- Proof of financing.
- Other approvals may be required depending on the type of business and free zone.
What are the tax advantages in the free zone?
Companies in free zones enjoy tax exemptions on income and profits for long periods, in addition to customs exemptions on the import and export of goods.
How long does it take to establish a company in the free zone?
Establishing a company in a free zone usually takes a few days to weeks, depending on the procedures and approvals required.
What are the steps to establish a company in the free zone?
- Choose the appropriate free zone and company type.
- Submit an application to establish the company and the required documents.
- The necessary license.
- Open a bank account for the company.
- Completing visa and residency procedures for workers (if necessary).
What are the costs of establishing a company in the free zone?
Costs vary depending on the free zone, company type and size. Costs include licensing and registration fees, office rental, and other service fees.
