Learn about a commercial license in the Dubai Free Zone

Obtaining a business license in a free zone in Dubai is important in cooperation with Itqan Company is a crucial step for those wishing to establish their businesses. This license allows investors to benefit from the many advantages and economic opportunities available in the city.

First, the appropriate free zone must be chosen according to the company\\\’s needs and business activity. Enjoy free zones in Dubai have a wide variety of economic sectors available, which enhances diversity and provides multiple investment opportunities.

In cooperation with Itqan Company, the company benefits from support and experience in establishing and registering companies in the free zone. The Itqan team provides assistance in completing the required documents and dealing with legal and administrative procedures, saving time and effort for the investor.

After completing all requirements and paying the required fees, a trade license in the free zone is issued. This license gives the company the right to conduct its business activity freely in accordance with specific laws and regulations.

With Dubai being a global business and trade hub, free zones provide an ideal environment for startups and established companies to succeed and grow. It allows companies to access a wide and diverse market, provides strategic vision and advanced infrastructure, in addition to benefiting from tax incentives and ease of administrative procedures.

In short, obtaining a commercial license in the Dubai Free Zone in cooperation with Itqan Company represents a real opportunity for investors to achieve their business goals and succeed in a thriving commercial environment.

Types of commercial licenses available in Dubai free zones

There are several types of business licenses available in the free zones in Dubai, and these types vary according to the commercial activities to be practiced. Below are some common types of business licenses in Dubai free zones :

• Production License: This license allows companies to establish and operate production units to manufacture products in free zones. This license may require that specific manufacturing and quality requirements be met.
• General Trade License: This license allows companies to engage in general commercial activities such as retail, wholesale, and distribution.
• Professional Services License: This license allows companies to provide professional services such as legal, financial, engineering, marketing, and technology consulting.
• Shipping and Storage License: This license allows companies to establish and manage shipping, storage and distribution activities in free zones.
• Logistics Services License: This license allows companies to provide logistical services such as supply chain management, sea, air and land shipping, and customs clearance.
• Investment companies license: This license allows local and foreign companies to establish investment companies in free zones in Dubai.

These are just some examples of the types of business licenses available in Dubai free zones, and the types and classifications can vary between different free zones. It is recommended to contact Itqan Trading Company or the relevant authorities to obtain updated and detailed information regarding the commercial licenses available in the specific free zone.

Main benefits of obtaining a business license in the free zone

Main benefits of obtaining a business license in the free zone

Obtaining a business license in the free zone provides many benefits to companies and entrepreneurs. Here are some key benefits:

• Independence and full ownership: A commercial license gives the company complete independence and freedom to make decisions related to its business. In addition, the company retains full ownership rights to its assets.
• Monopoly: Free zones provide an economic environment separate from the general economic system of the state. This allows companies to have a monopoly regarding their trade and activities within the free zone.
• Customs facilities: Companies registered in the free zone benefit from customs facilities such as not imposing customs duties and customs tariffs on goods imported and exported within the zone.
• Advanced infrastructure: Free zones have advanced infrastructure and integrated facilities that support corporate activities, such as modern offices, warehouses, and logistics areas.
• Government support: The government provides support and facilities to companies registered in the free zone, by simplifying administrative procedures and providing consultations and financial and legal support.
• Access to global markets: Companies in the free zone can take advantage of Dubai\\\’s prime location to access regional and global markets easily, due to the availability of advanced logistics infrastructure and modern transportation facilities.
• Tax exemptions: Some free zones enjoy tax facilities such as exemptions from income tax and value-added tax (in some cases), which contribute to significant cost savings.

The above benefits make obtaining a business license in the Dubai Free Zone an attractive option for companies seeking to expand their business and achieve success and growth in a dynamic and global business market.

The most important steps to obtain a commercial license in the free zone

To obtain a business license in the free zone, several steps must be followed. Here are the most important steps to take:

• Choosing a free zone: Research and choose the appropriate free zone that matches your business activity and special requirements. There are several free zones in Dubai, such as Jebel Ali, Al Jadida, Dubai Investments, and others.
• Choose the type of company: Select the type of company you wish to establish in the free zone, whether it is an individual company, joint stock company, partnership, or other. Your choice depends on the nature of the business and your legal and commercial requirements.
• Submit a registration application: Submit a registration application to obtain a trade license in the selected free zone. You will need to submit required documents such as passport, ID card, business plan, lease contracts, and other required financial and legal documents.
• Completion of legal requirements: Meet all legal requirements specified by the entity responsible for the free zone. These requirements may include obtaining special permits, notarizing contracts, and reviewing and signing other legal documents.
• Payment of fees: Obtaining a business license may require payment of registration and required license fees. Fees vary according to the type of company and the free zone chosen.
• Receiving the license: After meeting all requirements and paying the fees, your application will be reviewed and a free zone trade license will be issued. You can receive the license and start operating your business.

It should be noted that these are general steps, and requirements and procedures may differ between free zones and different commercial activities. It is recommended to contact the entity responsible for the specific free zone to obtain updated and detailed information about the exact steps and requirements of the free zone of interest to you.

The difference between a commercial license and an industrial license in Dubai Free Zone

In Dubai Free Zone, there are differences between a commercial license and an industrial license:

Commercial License:

Issued to companies wishing to engage in business activities such as retail, general trade, financial services, consulting, media and advertising, etc.
This license is often reserved for companies that do not need to produce or manufacture actual products.

Industrial License:

Issued to companies that plan to conduct manufacturing or production operations, such as heavy industry, light industry, packaging, assembly, and other industrial manufacturing.
This license sometimes requires special industrial or warehouse space as well as production facilities.

In general, the choice between a commercial license and an industrial license depends on the type of activity that the company wishes to engage in in the Dubai Free Zone. It is recommended to consult with the relevant authorities or Itqan Company’s specialized advisors to ensure that the appropriate type of license is chosen according to the company’s needs and business objectives.

How to customize business activities in the Dubai Free Trade License

To customize the business activities in the Dubai Free Zone trade license, the following steps can be followed:

• Defining business activities:

Select the business activities you wish to engage in in Dubai Duty Free. These business activities can include a wide range of activities such as retail, consulting, marketing, logistics, technology, etc.

• Check compatibility:

Make sure that your desired business activities comply with local laws and regulations in Dubai Free Zone. There may be restrictions or special conditions for some activities.

• Choose the correct classification:

Determine the exact classification of business activities you want to include in the commercial license, such as general trade, light industry, logistics, etc.

• Submission of the application:

Submit an application for a commercial license to the Dubai Free Zone Authority. The application includes providing the necessary information about the company and its proposed activities.

• Approval and receipt:

After reviewing the application and ensuring that all requirements are met, the business license will be approved. After that, you can receive the license and start doing your business in Dubai Free Zone.
The exact details of each step should always be checked with the Dubai Free Zone Authority or with professional business management consultants to ensure that all procedures are in accordance with legal and regulatory requirements.

Documents required to obtain a business license in the free zone

The documents required to obtain a business license in the free zone may differ between different free zones and the type of company you wish to establish. However, here is a general list of documents that may be required:

• Registration Application Form: You must correctly fill out and submit the registration application form for the specific free zone.
  Passport: You need to submit a copy of your valid passport and its ID page.
• Personal photo: You may be asked to submit a recent photo.
• Business Plan: You must submit a detailed business plan explaining your business activity and your plans for growth and development.
• Contracts and Lease Documents: If you intend to rent a place in the free zone, you will have to submit the necessary lease contracts or ownership documents.
• Financial Records: You may be asked to provide your company\\\’s financial records, such as financial statements, financial reports, and financial projections.
• Licenses and Permits: You may need to obtain specific licenses and permits depending on your business, such as a building license, occupational license, or health permit, and there may be additional requirements to obtain these licenses and permits.
• Legal Documents: You may need to submit legal documents, such as company contracts, attorney authorization, liability release, and other documents required to establish the company.
• Legal Agent: It may be necessary to appoint a local legal agent to represent your company in the free zone.

Remember that this is a general list, and obtaining a free zone business license may require additional documents depending on the region-specific requirements and type of company. It is recommended to contact the responsible authority in the specific free zone to obtain a detailed and updated list of required documents.

Frequently asked questions about a business license in the Dubai Free Zone