If you want to know the cost of Establishing a company in Duabi Free Zone, this guide is for you. Establishing a company in Dubai Free Zone can be an important investment step for many entrepreneurs and startups. Free zones provide an encouraging trading environment and multiple benefits such as tax exemptions, customs facilities, and access to the regional and global market.In this article, we will discuss the cost of establishing a company in the Dubai Free Zone The cost of establishing a company is affected by several factors, including the type of company, the chosen Dubai Free Zone size of the company and its specific needs. Potential costs include rental costs, company licenses, labor costs, administration and office costs, and legal and accounting consulting costs. With Itqan , you can benefit from its experience and services in establishing your company in Dubai Free Zone.
It will provide you with the necessary advice and support in all aspects of establishing a company, from licensing and registration arrangements to general management and accounting. When collaborating with a specialized company such as Itqan , you can ensure that the company incorporation process in Dubai runs smoothly according to local requirements and under the supervision of a professional team who is well acquainted with the procedures followed and the local legislation.
Setting up a business in Dubai Free Zone can be an exciting and rewarding opportunity for many entrepreneurs. If you would like more information on the cost of establishing a company in the Dubai Free Zone and how to collaborate with Etqan , it is advisable to contact them directly for a personalized consultation tailored to your specific needs and requirements.
Establishing a company in the free zone in Dubai
Setting up a business in Dubai Free Zone can be an exciting and rewarding opportunity for many entrepreneurs. There are several steps to establishing a company in Dubai Free Zone. Here are general ways to complete this process:
- Choosing the right free zone: There are many free zones in Dubai, varying in target disciplines and industries. Study the different areas and choose the ones that match your business and requirements.
- Company Setup: Determine the type of company you wish to set up, whether a limited liability company (LLC), a public joint stock company (PJSC) or a sole proprietorship, according to the requirements of your business.
- Registration and Licensing: The Free Zone may require specific licenses for your business. Submit the registration application and complete the necessary procedures to obtain the necessary licenses, such as trade license, construction license and work license.
- Choice of legal form and partners: Identify the legal form of the company and identify the partners if the company is a public shareholding company. Some free zones may require a local partner at a certain rate.
- Acquisition of capital: Specify the capital required to establish the company and keep the required amount of money in a bank account in Dubai.
Benefits of establishing a company in Dubai Free Zone
Establishing a company in the regions in Dubai provides many important and attractive benefits to investors.If you would like more information on the cost of setting up a company in the Dubai Free Zone and how to collaborate with Etqan, here are some key benefits:
- Full ownership of the company: Establishing a company in a free zone in Dubai allows investors to get full ownership of their company without the need for a local partner. This gives the investor absolute freedom to make management decisions and direct the course of the company.
- Customs facilities: Dubai Free Zones provide concessional customs facilities, such as exemption from customs duties and low import and export tariffs. This helps to reduce production costs and increase product competitiveness.
- Tax rebates: Businesses in Dubai\\\’s free zones enjoy tangible tax rebates, including no income tax on profits and no value-added tax (VAT). This helps to increase profitability and improve competitiveness.
- Advanced Infrastructure: Dubai\\\’s free zones feature state-of-the-art infrastructure and state-of-the-art facilities, including offices, warehouses, logistics zones, and maritime and air logistics hubs. This state-of-the-art infrastructure provides a business-friendly environment and facilitates the day-to-day operations of businesses.
- Government Guidance and Support: The Government of Dubai is committed to providing the necessary guidance and support to companies joining free zones. Counseling and government support services are available to help facilitate administrative proceedings and provide legal and financial advice.
- Regional Market Access: Dubai is a gateway to the MENA and South Asia market. With its strategic location and large international airport, businesses in Dubai\\\’s free zones can easily access these promising markets.
Establishing a company in a free zone in Dubai offers exciting opportunities for commercial growth and expansion. It allows investors to benefit from tax and customs facilities, full ownership of the company, advanced infrastructure, and government support. It also provides access to a wide and diverse market in the MENA region and South Asia.
Legal procedures for establishing a company in a free zone
Establishing a company in a free zone in Dubai requires following some legal and administrative procedures. Establish your company in Dubai Free Zone. It will provide you with the necessary advice and support in all aspects of establishing a company, from licensing and registration arrangements to general management and accounting. Here are the basic steps to take:
- Choosing the type of company: You must select the type of company you wish to establish. It can be a limited liability company (LLC), a sole proprietorship, or a partnership. You should choose the type that fits your business needs and goals.
- Choosing a company name: You must choose a unique and appropriate name for your company, and ensure that it is not repeated with any other company located in the free zone. The name must be in compliance with local laws and legislation.
- Submitting the registration application: You must submit the registration application to the competent authority in the free zone. You must submit the required documents such as the completed forms, the personal documents of the shareholders and directors, and the business plan of the company.
- Payments: You must pay the fees and financial deposits required to establish the company. These fees and deposits are determined by the type of company and the size of the invested capital.
- Obtaining licenses: Establishing some companies in the free zone may require obtaining additional licenses depending on the company\\\’s activity. Such licenses may include business license, building license, profession license and others as needed.
Remember that these procedures may vary slightly depending on the specific free zone and local legislation. Therefore, it is necessary to verify the exact requirements and legal and administrative procedures of the free zone in which you intend to establish the company.
Types of companies allowed in Dubai Free Zone
| Type of Enterprise: | Description |
|---|---|
| individual contact | It is managed by only one person, and liability is limited to the amount of capital invested. The number of directors shall not be limited by one. |
| stock corporation | Their ownership is divided into shares that can be sold and traded, and liability is limited to the limits of the value invested. Requires a certain number of shareholders and directors. |
| Limited Liability Company (LLC) | A type of joint stock company that has limited liability to shareholders, and shareholders are liable for the debts of the company only to the extent of their contributions. Requires a certain number of shareholders and directors. |
| company private limited | A limited liability joint stock company in which its shareholders are limited and known in advance, and is exempt from the rules of public subscription and sale of shares to the public. Requires a certain number of shareholders and directors. |
| vassal state | be part of another company called the Parent Company, the latter being responsible for the decisions and actions of the Subsidiary. Requires authorization from parent company. |
| Foreign Personal Company | It is managed by a single person who is not a resident of Dubai, and has specific rights and limited liability. Requires a permit from the Dubai Department of Economic Development. |
These are examples of the types of companies that can be established in a free zone in Dubai, and there are precise laws and regulations that specify the conditions for establishing and operating each type of company, so it is advisable to check the current laws and consult with Etqan before taking any official step in this regard.
Cost of establishing a company in Dubai Free Zone
The cost of establishing a company in the Dubai Free Zone varies according to several factors such as the type of company, the size of the business, and the services required. Among the key costs a company can face during the incorporation process are:
- Basic license fees: The company\\\’s licenses are charged in varying amounts according to the type of company and the scope of its activity.
- Legal and accounting advice costs: It is advisable to obtain legal and accounting advice to ensure full compliance with local laws and regulations.
- Administrative services costs: These costs include the provision of administrative services such as financial management and human resources.
- Property costs: The costs of the property must be paid for the rent of the company\\\’s office within the free zone.
- Visa and residence fees: These costs include the costs of obtaining work and residence visas for employees and shareholders.
In short, the cost of establishing a company in Dubai Free Zone is affected by several factors and varies from one company to another. However, the total cost may include several thousand UAE dirhams.
Important documents for establishing a company in a free zone in Dubai
There is a set of basic documents that the investor needs to provide to establish a company in a free zone in Dubai. These documents may vary depending on the type of company and the business activities to be carried out by the company, and the requirements of the local authorities. Common documents you may typically need to set up a company in a free zone in Dubai include:
- Official registration form: An official form must be submitted containing information such as the name of the company, the type of business activity and the details of the shareholders.
- Memorandum of Association: It is a document that contains information about the company\\\’s structure, objectives, scope of work, shareholders\\\’ rights and responsibilities.
- Articles of Association: The company\\\’s bylaws determine the internal procedures, authorities and other details related to the management and operation of the company.
- Lawyer\\\’s Certificate: It certifies that the documents submitted for registration are correct and in conformity with local laws.
- Economic Disclosure: This document describes the financial and economic information of the company and its shareholders.
Our service in establishing your company in the free zone
Itqan offers a wide range of services to help you establish your company in Dubai Free Zone. Here are some of the services that can be provided by Etqan:
- Business Setup Consulting: Provide advice and guidance on the best type of business to suit your business and needs. Determine the legal, administrative and financial requirements for establishing the company in the free zone.
- Arranging documents and transactions: Assist you in processing and arranging all documents and transactions necessary to register the company and obtain licenses and permits.
- Providing legal services: Providing legal advice and providing legal support in relation to articles of incorporation, agreements and legal disputes.
- Providing financial services: Helping you determine the capital structure and prepare the financial plans and financial reports necessary for registration and permits.
- Managing administrative processes: Providing support in day-to-day administrative processes such as managing accounts, employees, and public relations.
These are just examples of the services that Etqan can provide in establishing your company in Dubai Free Zone. You can determine exactly which services meet your needs based on the type of company and your requirements.
Your company in the free zone
In conclusion, establishing a company in a free zone in Dubai is an important strategic step for individuals and companies wishing to take advantage of the evolving economic environment and commercial facilities available. In collaboration with Etqan, establishing a company can be a seamless and reliable process. The journey begins with selecting the right type of company and choosing a unique and appropriate name for the company. After that, the registration application is submitted to the competent authority in the free zone, with the submission of the required documents and the commercial plan.
After the approval and transfer of the financial fees, the necessary legal and administrative procedures are completed. Dubai\\\’s free zones provide a privileged business environment, providing 100% foreign ownership of businesses, and no taxes on profits and income. In addition, free zones provide access to advanced infrastructure and sophisticated financial and logistical services.
Itqan Company provides the necessary support and advice for the establishment of the company in the free zone, including assistance in preparing documents, arranging meetings with the competent bodies, and managing administrative and legal procedures. With its experience and extensive knowledge of local laws and regulations, Etqan helps clients overcome challenges and achieve sustainable business success. Ultimately, setting up a business in a free zone in Dubai gives you the opportunity to thrive in a dynamic and sustainable business environment.
With the support of Itqan, you can embark on this adventure with confidence and optimism, taking advantage of the competitive advantages provided by the free zone and designed to promote growth and economic development.
