Key advantages of establishing a company in the Dubai Free Zone

Establishing a company in the Dubai Free Zone offers several key advantages that make it an attractive option for investors and businessmen. Here are some key advantages:

• Freedom of Ownership: Dubai free zones allow foreign investors to obtain complete freedom of ownership of their companies. This means you can retain 100% of your stake in the company without needing a local partner. This gives you complete control over operations and decision making.
• Advanced Infrastructure: Dubai\\\’s free zones have a modern and advanced infrastructure. These advanced facilities include equipped business centres, modern office spaces, warehouses and integrated logistics facilities. This advanced infrastructure provides a convenient working environment and facilitates the daily operations of your company.
• Customs and tax facilities: Dubai free zones provide excellent customs and tax facilities. It can benefit from tariff reductions and no taxes on import and export of goods and services. This helps reduce costs and increase the competitiveness of your company.
• Access to global markets: Dubai is located in a strategic location that is a gateway to access global markets. Thanks to advanced transportation, shipping and communications infrastructure, you can easily access global markets and expand your business.
• Favorable legal environment: Dubai free zones have a legal environment that is favorable and supportive of business. It provides legal protection and easy procedures for establishing, operating and protecting intellectual property rights, providing you with confidence and security in the business environment.

In short, establishing a company in the Dubai Free Zone offers unique and important advantages. From royal freedom to advanced infrastructure and favorable customs and tax facilities, these regions provide an ideal environment for successful operation and expansion of your business and provide outstanding opportunities to access global markets.

Basic steps to establish a company in the Dubai Free Zone

Here are the basic steps for establishing a company in the Dubai Free Zone :

• Research and Planning: Conduct detailed research about the free zone in which you wish to establish your company. Find out the local laws and regulations related to establishing and operating companies in the free zone. Determine the type of company you want to create and the business activities you intend to undertake.
• Choosing the legal type of company: In Dubai, free zones allow you to create a local company, a subsidiary, a joint venture company or a joint stock company. Determine the legal type that best suits your company according to your business needs and requirements.
• Submit a registration application: Submit a registration application in the designated free zone. You will need to submit the required documents, such as a passport photo of shareholders and directors and a completed registration application form. You may also be required to pay the required registration fees.
• Company establishment: After confirming that the registration application has been accepted, you will need to complete the company establishment procedures. Determine the name of the company, prepare the necessary contracts and agreements, and have them signed by the shareholders. You may also need to rent office or company space in the free zone.
• Obtaining Licenses and Permits: You may need to obtain additional licenses and permits depending on your company\\\’s activity. This may include a general business license, an activity-specific license, work permits for employees and other necessary licenses.
• Open a bank account: Open a bank account at the company\\\’s local bank. You will need to provide the required documents, such as the company\\\’s legal documents and details of shareholders and directors. You will also need a bank account to receive deposits and conduct financial transactions for the company.
• Compliance with Legal Obligations: Ensure compliance with all legal obligations and local regulations after establishing the company. Ensure the necessary financial reporting is submitted and adherence to financial audit controls, taxes and any other requirements.
• Work visas: If you need to hire foreign employees, you will need to obtain the necessary work visas for them. This may require submitting the required documents and fulfilling the conditions specified by the relevant authorities.

Remember that these are general steps and the exact requirements and procedures may vary depending on the specific free zone and the type of company you wish to establish. It is recommended to consult with Itqan to ensure correct procedures are followed and compliance with local laws and regulations.

Suitable locations for establishing a company in the Dubai Free Zone

There are many free zones suitable for establishing a company in Dubai . Some of the famous and prestigious sites include:

• Jebel Ali Free Zone: It is considered the largest free zone in Dubai and offers a wide range of services and advanced infrastructure. It is distinguished by the presence of Jebel Ali Free Port, which is considered one of the largest ports in the region.
• Dubai Investment Park Free Zone: Provides an integrated investment environment for companies in diverse fields such as industry, technology, and services. The area provides office space, warehouses and production facilities.
• Dubai Airport Free Zone: Located near Dubai International Airport and focuses specifically on companies related to air transport and logistics. It provides modern facilities and facilities for the companies located there.
• Dubai Media City Free Zone: It is considered a prestigious destination for companies in the media, entertainment, advertising and visual production industries. The region provides advanced infrastructure and high-quality technological facilities.
• Dubai Knowledge Park Free Zone: Focuses on the fields of education, training and scientific research. It provides an ideal environment for universities, educational institutions, and companies specialized in the education sector.

These are just some of the well-known free zones in Dubai, and there are more free zones available for establishing companies. It is preferable that you conduct an in-depth study of each free zone and evaluate the benefits and facilities provided and their compatibility with your company’s activity before making a final decision.

Expected costs of establishing and operating a company in the Dubai Free Zone

Expected costs of establishing and operating a company in the Dubai Free Zone

The costs of setting up and operating a company in a Dubai free zone vary based on several factors, including the type of company, its size, and the specific free zone. However, some general points of expected costs can be provided:

• Incorporation costs: Incorporation costs include registration and license fees, costs of legal documents and contracts, and fees for professional services such as legal and accounting consulting. You should also prepare for the costs of initial deposit of capital required for the type of company you intend to create.
• Rental costs: If you plan to rent an office or space in a free zone, you will have monthly or annual rental costs. Rental costs vary based on the size and location of the space and the level of equipment required.
• Labor costs: You may need to hire employees for your company, and this includes payroll, benefits, employment insurance, visas, health insurance, and retirement costs. Labor cost varies based on job level and experience required.
• Licenses and permits costs: There may be additional costs for obtaining additional licenses and permits depending on your company\\\’s activity. These costs may include the costs of general business licenses, industry-specific activity licenses, and the costs of work visas for foreign employees.
• Maintenance and service costs: You may need to pay maintenance and service fees for the free zone, and this includes public services such as electricity, water, communications, security, cleaning and maintenance services.

Remember that these points reflect overhead costs and may vary based on each company\\\’s situation. You should consult a financial advisor or certified accountant to obtain an accurate estimate of the expected costs and financial requirements of establishing and operating your company in the Dubai Free Zone.

Learn about Dubai Free Zone companies

At the conclusion of the article, Dubai Free Zone companies provide a distinguished investment environment for local and international companies. In cooperation with Itqan Company, companies can benefit from the many opportunities provided by these free zones.

Dubai\\\’s free zones are characterized by advanced infrastructure and integrated services that help companies grow and expand. Whether you want to establish a new company or move your existing business to the free zone, it provides a favorable business environment and business facilities that will help you achieve success.

By cooperating with Itqan Company, you can benefit from its extensive experience and knowledge in the field of establishing and operating companies in free zones in Dubai. The company provides comprehensive consulting services that include preparing strategic plans, establishing and licensing arrangements, obtaining banking facilities, and assisting in managing daily operations.

By exploiting the advantages of the free zone and cooperating with Itqan Company, you can access a wide and diverse market of customers and business partners. The free zone also gives you access to advanced infrastructure and modern facilities that support your business activity.

In short, Dubai Free Zone companies are an ideal opportunity for companies wishing to grow and expand. In cooperation with Itqan Company, you can benefit from its experience and effective advice to achieve your business goals and success in the thriving business market in Dubai.

Frequently asked questions about Dubai Free Zone companies