Main benefits of establishing a company in a free zone

Establishing a company in a free zone provides several major benefits to businesses. Here are some of these benefits:

• Customs facilities: The free zone provides customs exemptions and reductions on customs duties and taxes, which helps companies save import and export costs and increase their competitiveness in global markets.
• Tax incentives: The free zone offers attractive tax incentives such as not imposing income taxes and taxes on profits for a specific period, and this helps companies achieve significant financial savings and increase their profitability.
• Access to a wide market: The free zone is located in a strategic location and is considered a gateway to access the Middle East, North Africa and South Asia market. Businesses can take advantage of its excellent location to expand their business and reach new customers and business partners.
• Advanced Infrastructure: The free zone has advanced infrastructure and high-quality facilities such as airports, ports and well-equipped industrial areas. This facilitates logistics operations and reduces transportation and distribution costs for companies.
• Government support: The free zone provides strong government support to the companies located there by providing government services quickly and effectively, including issuing licenses, permits and other administrative procedures.
• Cooperation and Partnerships: The free zone provides opportunities for cooperation and business partnerships with other companies located in the region. Companies can benefit from the network of business relationships and shared business opportunities to enhance their growth and business development.

In short, establishing a company in a free zone provides many economic and business benefits that help companies achieve success and growth. Cooperation with Itqan Company can contribute to exploiting these benefits and making the most of them.

Types of licenses available in free zones

There are several types of licenses available to companies in free zones. Here are examples of some common license types:

• Manufacturing License: Allows companies to establish and operate manufacturing units within the free zone. This type of license allows companies to transform raw materials into finished products and distribute them in local and global markets.
• Trade License: Allows companies to establish and operate commercial activities within the free zone. Businesses can freely import and export goods and commodities without customs duties or trade restrictions.
• Services License: Allows companies to provide various services within the free zone. These services can include legal and financial consulting, logistics services, logistics services, logistics services, logistics services, logistics services, logistics services, logistics services, logistics services.
• Research and Development License: Allows companies to establish and operate research and development activities within the free zone. Companies can invest in innovation, developing new products and technologies, and improving existing processes.
• Real estate investment license: Allows companies to purchase, own and develop real estate within the free zone. This license can be used to create industrial, commercial or residential facilities that support the company\\\’s activities.
• Financial Services License: Allows companies to provide financial services such as banking, insurance and investment in the free zone. This license allows companies to provide comprehensive financial services to local and international clients.

It should be noted that these types may vary from one free zone to another and are subject to applicable local legislation and laws. It is recommended to contact the relevant authorities in the specific free zone to obtain accurate information about the available licenses.

Procedures necessary to establish a company in the free zone

Procedures necessary to establish a company in the free zone

To establish a company in a free zone , you usually need to follow the following procedures:

• Research and Planning: Conduct careful research and evaluation of the free zone in which you wish to establish the company. Study the local and international laws and regulations applicable in the free zone, and check the business opportunities available and the advantages that can be taken advantage of.
• Choosing the legal type of company: Decide what type of company you want to establish, such as a limited liability company, joint stock company, or sole proprietorship. Study the local laws of the free zone to learn the requirements and procedures related to each type of company.
• Company Name: Choose an appropriate name for your company and make sure it is not duplicated and is available for registration. There may be certain rules for choosing company names in the free zone, so make sure to comply with local requirements.
• Submitting a registration application: You may be required to submit an official application to register the company with the competent authority in the free zone. The application can include information about the company, its objects and details of shareholders and directors.
• Submitting the required documents: You may be asked to submit documents such as a copy of the necessary contracts and agreements, personal documents of shareholders and directors, and required financial documents.
• Paying Fees: Registering a company usually requires paying a registration fee. Fees may vary depending on the type of company and the selected free zone.
• Obtaining the necessary licenses and permits: You may need to obtain additional licenses or permits for your economic activity in the free zone. Check local, health, safety, environmental and other legal requirements.

Documents required to establish a company in the free zone

Documents required to establish a company in a free zone may vary based on the country and specific free zone. However, there are some basic documents that are usually required in the company incorporation process. Here is a possible list of documents:

• A copy of the Articles of Association: The Articles of Association must be prepared, which defines the company’s structure, activities, and legal type. It can also include information about shareholders, their shares, directors and their powers.
• Registration application form: The company registration application form specified by the responsible authority in the free zone must be submitted. The form includes information about the company, its shareholders, and its purposes.
• Identity documents: Copies of identity documents issued by the relevant shareholders and directors of the company, such as passports or identity cards, must be submitted.
• Ownership contracts or leases: If you intend to use a place in the free zone as a company headquarters or commercial facility, you may be asked to submit the property’s title contract or lease.
• Shareholding documents: If you are establishing a joint stock company, you may have to submit shareholding documents that prove shareholders\\\’ pledge of their shares in the company\\\’s capital.
• Financial Accounts: You may be asked to provide financial accounts for the company, such as financial statements and financial income and loss reports.
• Authorizations and powers of attorney: If an authorized person is appointed to represent the company, you may be asked to submit official authorizations and powers of attorney proving the authority of this person.
• Registration fees: You may have to pay a registration fee to complete the company formation process. You must verify the amounts required, how they are paid and to whom.

Please note that this list is general, and the exact requirements may vary depending on the local laws and regulations in the free zone in which you plan to establish the company. You are advised to contact the responsible authority in the specific free zone to obtain an accurate list of the required documents and procedures necessary to establish the company.

Our company\\\’s role in establishing a company in the free zone

In conclusion, establishing a company in the free zone is considered a strategic and smart step for companies wishing to succeed and expand in the global business market. The free zone provides a distinguished environment characterized by available economic facilities and incentives, and opportunities to access new markets and cooperate with potential business partners. One of the companies that can provide the support and services required to establish companies in the free zone is Itqan Company.

Itqan Company is a specialized legal and commercial consulting company that works to provide full support to companies that wish to establish their businesses in the free zone. The company is considered an expert in the field of licensing, partnerships, and preparing contracts and local and international legislation related to business.

By cooperating with Itqan, companies can benefit from its extensive experience and knowledge of local and international laws and procedures. Customized services are provided that meet the needs of each company, from establishing the company, determining its organizational structure, developing financial and marketing strategies, all the way to assistance with the necessary legal, financial and business processes.

By using Itqan\\\’s experience, companies have the ability to overcome challenges and achieve success in the free zone. Collaboration between the company and clients enhances trust and effective communication, and ensures that the incorporation process is carried out smoothly in accordance with the required legal and commercial standards.

In short, establishing a company in the free zone is a successful investment step, and Itqan Company provides the experience and support necessary to achieve corporate success in this dynamic market. The fruitful cooperation between the company and Itqan Company represents the basis for achieving growth and expansion in the free zone.

Frequently asked questions about establishing a company in the free zone