Key benefits of establishing a company in the Dubai Free Zone

Establishing a company in the Dubai Free Zone provides many benefits and advantages that make it an attractive option for investors. Here are some of the main benefits of establishing a company in the Dubai Free Zone :

• Complete independence: Dubai Free Zone allows you to benefit from flexible and innovative trade and investment policies and laws. You enjoy complete freedom and independence in managing your company and making financial and administrative decisions.
• Tax breaks: Free zones in Dubai provide important tax breaks for companies, including complete exemption from taxes on profits for a specified period. This helps increase profitability and enhance competitiveness.
• Fast Licensing: Dubai free zones feature fast and efficient licensing procedures. You can obtain the necessary licenses to start your business in a short time, saving time and effort.
• Easy access to the regional market: Dubai is located in a distinct geographical location and is considered a gateway to regional and global markets. Thanks to the free zones in Dubai, you can easily access a wide network of customers and business partners.
• Advanced Infrastructure: Dubai provides advanced infrastructure and high-quality facilities for companies located in the free zones. You can benefit from advanced infrastructure that includes transportation, communications, energy and logistics facilities.
• Foreign Direct Investment: Dubai\\\’s free zones encourage foreign direct investment and provide an open and flexible business environment for global companies. You can take advantage of the investment opportunities available in Dubai and expand your business on a global level.

Types of licenses available in free zones in Dubai

There are several types of licenses available in Dubai\\\’s free zones, and they vary depending on the type of business activity you wish to engage in. Here are some common types of licenses in free zones in Dubai:

• General Trade License: Allows companies to engage in general commercial activities, such as buying and selling goods and products.
• Industry license: Allows companies to establish and operate manufacturing units to produce goods and products.
• Services License: Allows companies to provide various services, such as consulting, marketing, information technology, engineering design, education, health care, and others.
• Financial Institutions Licensing: Companies operating in the financial and investment sector can obtain a license to provide banking, insurance, financial brokerage, asset management, and others.
• Media and Creative Production License: Allows companies in the media and creative production industry to establish and operate film, television, advertising and multimedia production units.
• Shipping and Logistics License: Allows companies to provide shipping, warehousing, logistics and distribution services.
• Global Technology and Innovation Center License: Allows companies working in the field of technology and innovation to establish and operate research, development, experimentation and innovation centers.
• Trademark and Patent Licensing: Allows companies to protect their trademarks and other intellectual property rights.
  Investors must consult with the competent authorities in the specific free zone in detail to know all available types of licenses and the specific requirements for each type.

Necessary procedures for establishing a company in the Dubai Free Zone

To establish a company in the Dubai Free Zone , you need to follow the following procedures:

• Choosing the type of company: Before starting the establishment procedures, you must choose the type of company you want to establish, such as a limited liability company (LLC), a public joint stock company (PJSC), a sole proprietorship, and others.
• Choosing a free zone: There are several free zones in Dubai, and you must choose the free zone that suits your business activity and requirements.
• Submitting an Application: You may need to submit an application to the specific free zone authority. The application must include the required information such as the company name, type, activity, details of shareholders and authorized directors.
• Preparing documents: You will need to prepare company incorporation documents, such as legal and notarized contracts and other required documents. These documents can include the company\\\’s articles of association, shareholding agreement (in the case of limited liability companies), and others.
• Payment of fees: You will need to pay the fees required to establish the company and to obtain the necessary licenses. Fees can vary depending on the type of company and the selected free zone.
• Licenses and Permits: After your application is accepted and fees are paid, your application will be reviewed and the necessary licenses and permits granted to start your business. You may need licenses such as a company license, building license (if there is construction required), business licenses, etc.
• Opening a bank account: After obtaining licenses and permits, you must open a bank account in the name of the company in one of the approved banks in the emirate.

These are the general procedures for establishing a company in the Dubai Free Zone. There may be additional requirements that vary depending on the type and specific free zone. It is recommended to consult with a legal advisor or expert in the field of trade and investment in Dubai to ensure full compliance with all local requirements and applicable laws.

Documents required to establish a company in the Dubai Free Zone

Documents required to establish a company in the Dubai Free Zone

Documents required to establish a company in the Dubai Free Zone may vary slightly depending on the type of company and the specific free zone. However, here is a general list of documents that are usually required:

• Copy of passport of shareholders and authorized directors: A color copy of the passports of all shareholders and authorized directors of the company must be submitted.
• Company establishment application form: The company establishment application form submitted by the competent authority in the free zone must be completed.
• Business Plan: A detailed business plan must be submitted explaining the company’s activity and future plans.
• Company Name: A proposal must be submitted for the proposed company name. The name must comply with local laws and regulations and be available.
• Contribution agreement (in the case of limited companies): If you are forming a limited liability company (LLC), you may need to prepare a contribution agreement that sets out the shareholding shares and the financial rights and duties of shareholders.
• Legitimate and documented contracts: Legitimate and documented contracts related to the company’s establishment, management, and activities must be prepared.
• Agencies and authorizations: If there are agents or authorized representatives, authorization documents proving the authority of these persons to represent the company may be required.
• Commercial Registration Certificate: You may need to submit a Commercial Registry Certificate for the parent company if you intend to establish a branch of an existing company.

Learn about the free zone in Dubai

In conclusion, Dubai Free Zone is considered one of the most prominent economic and commercial centers in the Middle East. The free zone works to provide a developed and suitable investment environment for national and international companies. One of the companies that cooperates with the Dubai Free Zone is Itqan Company.

Itqan Company is a leading company in the field of legal and commercial consulting and services, and provides comprehensive support to companies that wish to establish their businesses in the Dubai Free Zone. The company works to provide advice and guidance to investors and facilitate the establishment process of new companies.

In cooperation with Itqan, investors can benefit from a wide range of services that include partnership arrangements, licensing, contract preparation, legal consultations, and many more. The company has a team of skilled experts in multiple fields, distinguished by deep knowledge of the laws and regulations of the free zone.

Thanks to the cooperation between the Dubai Free Zone and Itqan Company, companies can benefit from the available investment advantages and enjoy the tax facilities and incentives available in the free zone. This cooperation also provides an opportunity to expand the scope of the business and reach new markets in the region and beyond.

In short, the Dubai Free Zone offers an ideal environment for companies to grow and expand, and Itqan provides the support and services necessary to achieve corporate success in this dynamic region. The cooperation between the free zone and Itqan Company represents a valuable opportunity for investors seeking to engage in Dubai’s leading business market.

Frequently asked questions about the free zone in Dubai