There are areas in Dubai called free zones. These areas are a geographical area in which trade takes place and many major companies and institutions are established. They contain goods that are remanufactured and stored or exported and sold according to their license. The free zone is distinguished by the fact that it is not subject to any customs duties, as it is Free zones are considered completely separate entities that are not subject to the laws prevailing in the country, as working in the free zone does not require a local sponsor. Anyone can own a 100% company in the free zone, and our company helps you own companies and establish them from the beginning. Opening a company in the free zone Dubai.
We work in our company to establish companies in all places in the Emirates, including the free zone, as we have been working in the field of establishing companies for many years, which has gained us the experience that makes us able to establish the best companies in the best locations. Our company is distinguished by providing all services at the lowest possible prices for this. Do not hesitate to seek help from our company, which is working to open a company in the Dubai Free Zone and serves businessmen.
How to open a company in Dubai Free Zone
Opening a company in the Dubai Free Zone requires several steps and procedures. Here are the general steps that can be taken:
- Research and Planning: Conduct comprehensive research on available free zones in the area where you wish to establish your company. Evaluate the advantages and disadvantages of each free zone, including infrastructure, facilities, tax and customs laws, and local rules and regulations.
- Choose the type of company: Select the type of company you want to establish, such as a limited liability company or a joint stock company. Check local laws and regulations regarding what species are allowed in the free zone.
- Company registration: You may need to submit an application to register the company with the body responsible for the free zone. This may require submitting documents such as company legal forms, passport photos, contract documents, and other required documents.
- Establishing the company: You may need to establish your company by concluding contracts and agreements with business partners, determining the organizational structure of the company, and determining responsibilities and rights.
- Obtaining Licenses and Permits: There may be specific licenses and permits that you need to obtain to operate your business in the free zone. Contact the relevant authorities responsible for information about the required licenses and related procedures.
- Compliance with tax and financial requirements: Ensure compliance with tax and financial requirements in the free zone. You may need to file regular financial reports and comply with local taxes.
- Work visas: If you intend to hire employees from abroad, you will need to obtain the appropriate work visas for them. Check local laws and regulations regarding work and residency visas.
Opening a company in Dubai Free Zone
The UAE is distinguished by the fact that it has more than 40 free zones in addition to some areas that are being established. Therefore, opening a company in the Dubai Free Zone is one of the difficult matters facing the investor, as it is difficult to choose between many areas. Therefore, our company, through its great experience in business management, undertakes It helps many investors in choosing the appropriate free zone for their business activity. It also helps in establishing and establishing a company in the free zone in the shortest time and at the lowest costs.
Recently, the UAE has turned into a large commercial center to which individuals from all countries in the world come, all for the sake of trade exchange. One of the things that has contributed to the rapid growth of the economy in the UAE is the establishment of companies in its free zones, in addition to the flexibility of the laws that the state follows and contributes to Organizing and managing businesses, making free zones the most sought-after and awaited market for everyone.
Investing in Dubai is a more than wonderful option for every investor who wants to invest his money in the Arab region and the Middle East region in general, due to the advantages and facilities that this wonderful emirate enjoys. If you are a businessman or if you are an investor (non-Emirati) and aim to establish a small, medium, or even a giant company outside the borders of your country, it is great for you to think about heading to Dubai and starting to establish your new activity there.
Licenses required when opening a company in the Dubai Free Zone
When opening a company in the Dubai Free Zone, you may need to obtain the following licenses depending on the type of business activity you intend to engage in:
- Company licensing: This includes registering the company and obtaining a license to practice commercial activity in the free zone. Registration and licensing requirements vary depending on the type of company you wish to establish, such as a limited liability company or joint stock company.
- Building and office licence: If you need an office or work space in a free zone, you may need to obtain a license to use the building or office in accordance with local laws.
- Business license: This depends on the type of business you want to practice. You may need a specific license for business activities such as manufacturing, trading, professional services, media and technology, financial services, etc.
- Trademark License: If you want to protect your trademark and use it in your business, you may need a trademark license.
- Export and Import License: If you intend to import and export goods to and from the free zone, you may need an export and import license and comply with local laws and regulations in this regard.
Fees for opening a company in the Dubai Free Zone
Fees for opening a company in the Dubai Free Zone vary according to several factors, including the type of company, its activity, and the specific free zone. You must contact the relevant authority in the free zone in which you wish to establish to obtain more precise details regarding the necessary costs and fees.
However, some common fees associated with opening a company in the Dubai Free Zone can include:
- Company registration fees: Includes the costs of registering the company and obtaining the necessary licenses to practice commercial activity. These fees may vary based on the type of company and the selected free zone.
- Business License Fees: There can be fees associated with obtaining a license to operate your business. This varies according to the type of activity and free zone.
- Support services fees: There may be fees associated with obtaining the support services provided by the free zone, such as logistics or infrastructure.
- Rental and office fees: If you are leasing work space in a free zone, you will face rental fees and office costs that vary according to the size and location of the office.
- Maintenance and general services fees: You may have to pay periodic fees for maintenance and general services provided in the free zone, such as security, cleaning, and general maintenance.
Documents required to open a company in the Dubai Free Zone
Documents required to open a company in the Dubai Free Zone may vary slightly based on the type of company and the selected free zone. However, there is a general list of documents that are usually required. You should check the exact requirements of the free zone in which you intend to establish, and it is recommended to cooperate with a legal advisor or consulting firm to ensure that the correct documents are submitted. Here are some basic documents you may need:
- Copy of founders’ passport: A copy of the passports of all founders of the company must be submitted.
- Copy of Founders Visa: If you have a UAE resident visa, you may have to provide a copy of the visa.
- Company Registration Application Form: You will need to fill out the Company Registration Application Form provided by the designated free enterprise zone.
- Copy of the incorporation agreement: A copy of the incorporation agreement or articles of association of the company must be submitted.
- Business Plan: Many individuals need to submit a detailed business plan explaining the company’s proposed activity and its future plans.
- Authorization Form: If you are authorizing someone else to perform registration procedures on your behalf, you may need to provide an authorization form proving this authorization.
- Letters of reference: You may have to provide letters of reference from banks or companies you work with as proof of the company’s credibility.
- Letter of authority for company director: If you are appointing someone else to be the CEO of the company, you may need a letter of authority proving this.
- Copy of lease: If you are leasing space in a free zone, you will need to provide a copy of the lease for the office or warehouse.
Advantages of opening a company in the Dubai Free Zone
The Dubai Free Zone is considered one of the most important free zones in Dubai that can help in establishing companies there due to its advantages. Among the most important of these features are the following:
- Complete exemption from all taxes, whether income tax or corporate tax.
- Allowing absolute foreign ownership of 100% foreign ownership.
- Tax exemption on import and export.
- Providing facilities and flexibility in office rental terms.
- Provides a wide range of different business activities available.
- The documents required to establish a new company are not many and specific.
- Do not place any restrictions on the currency.
- Providing competitive prices for establishing any company in the Dubai Free Zone.
- Providing warehouses for storage.
