Establishing a company in the free zone is an attractive strategic move for investors seeking to take advantage of business opportunities in Dubai. Among the companies specialized in this field, Itqan Company stands out as a reliable partner and the cost of establishing a company in the free zone is reasonable.

Itqan Company provides company establishment services in the Dubai Free Zone at competitive and reasonable prices. This cost includes arranging licenses, administrative procedures, legal and financial advice, and other services necessary to successfully establish the company.

Thanks to Itqan Company’s experience in this field and its extensive knowledge of the local market, it can provide innovative financial planning that meets the needs of investors and helps them obtain the best balance between quality and cost.

Take advantage of the services of Itqan Company to establish your company in the free zone at a reasonable cost. Rely on the company’s professional advice and integrated support to achieve success and sustainability in Dubai’s thriving business market.

The cost of establishing a company in the free zone

Establishing a company in the free zone

Establishing a company in the Dubai Free Zone represents an important strategic step for companies wishing to benefit from the stimulating business environment and broad opportunities available in the Emirate of Dubai. Dubai’s free zones are characterized by advanced infrastructure, flexible laws, and a range of facilities that make them an attractive destination for local and international investors alike.

When investors decide to establish a company in the free zone, they must adhere to certain procedures that include determining the appropriate type of company, registering it, and obtaining the necessary licenses. Investors should also study the local market and carefully determine the business strategy and plan operations.

After that, investors can begin the incorporation and registration procedures, which may include preparing legal documents and submitting to the relevant authorities to obtain the necessary approvals and licenses. After the legal procedures are completed, the company can begin opening a bank account and begin business operations.

Companies operating in the free zone must adhere to local regulations and legislation, which include a range of legal, tax and financial standards. Companies must also commit to submitting annual and financial reports and complying with all local legal and tax obligations.

Steps necessary to establish a company in the free zone

Establishing the company in the free zone in Dubai requires following several steps, which are as follows:

1. Determine the company type: Choose the appropriate company type for your business, such as a limited liability company (LLC), sole proprietorship, or offshore company, according to your needs and goals.
2. Choosing a free zone: Determine the appropriate free zone for establishing the company, taking into account the commercial activity, legal and financial requirements.
3. Defining business activity: Determine the commercial activities the company intends to engage in, and ensure their compliance with local and international legislation.
4. Preparing legal documents: Preparing and submitting the necessary documents to establish the company, such as contracts, agreements, and other required legal documents.
5. Submission of the application: Submitting an application to establish the company to the competent authorities in the free zone, submitting all necessary documents and paying the required fees.
6. Obtaining the necessary approvals: Waiting for the necessary approvals from the relevant government agencies, such as the Department of Economic Development, the municipality, and other tax authorities.
7. Company registration and obtaining licenses: After approval, the company is officially registered and the necessary licenses are obtained to start the business.
8. Establishing the administrative structure: Establishing an administrative structure for the company, including appointing managers and employees and defining their responsibilities.
9. Open bank account: Opening a bank account in the company’s name to manage financial transactions and cash flows.
10. Compliance with controls and regulations: Ensure compliance with all local and international controls and regulations related to the company’s operation.

The cost of establishing a company in the free zone

The cost of establishing a company in the free zone in Dubai varies based on several factors, including the type of company, the size of the business, and the legal and administrative requirements of the free zone itself. However, a general estimate of the costs that may be involved in establishing a company in the free zone can be provided, which includes at least the following items:

• Registration and license fees: These fees include government fees, free zone registration fees, and license fees necessary to practice the chosen business activity.
• Core capital: There may be seed capital requirements for establishing a company, which vary depending on the type of company and local laws.
• Consulting and legal costs: You may need legal advice or a lawyer who specializes in legal and regulatory matters related to company formation and legal compliance.
• Rental costs and practical space: You must rent functional space for your company in the free zone, and costs vary based on the size of the space and its location within the free zone.
• Administration costs and required certificates: Some free zones may require the provision of the required certificates and administrative documents to establish the company, which may entail additional costs.
• Initial advertising and marketing costs: You should consider the initial advertising and marketing costs to promote your company and attract customers in the free zone.
• Company management fees: These fees include the annual or monthly fees required to manage the company within the free zone.

Establishing a company in the free zone

Licenses necessary to establish the company in the free zone

The licenses required to establish a company in the Dubai Free Zone are varied and depend on the type of business activity that the company intends to engage in. However, here is a general list of some common licenses that may be required:

1. Business license: You must obtain the appropriate business license for the type of business you wish to practice. The company must determine its main and subsidiary activities and obtain licenses from local authorities.
2. Legal company license: The company must obtain an official license proving its legitimacy and type, such as a joint-stock company, a limited liability company, or a sole proprietorship.
3. Office and practical space license: The company needs a license for the office or practical space that it will use as its business headquarters in the free zone.
4. Building and construction license: If a company plans to build a new building or make major modifications to existing buildings, it may need a building and construction license.
5. Industry or special services license: If the company operates in a specific industry or provides special services such as medicine or engineering, it may need an additional license from the relevant authorities.
6. Business licenses: The company must obtain work licenses for its employees and workers, including residence and work permits.
7. E-commerce license (optional): If the company works in the field of e-commerce, it may need a special license to practice this activity.

Competitive factors for companies in the free zone

Dubai Free Zone provides a dynamic competitive environment that attracts companies from all over the world. Here are some competitive factors that companies can benefit from in the free zone:

• Tax facilities: Free zones in Dubai provide significant tax reductions or even complete tax exemptions, making them an attractive home for companies looking for a business-friendly environment.
• Advanced infrastructure: Dubai’s free zones have advanced infrastructure that includes seaports, airports, and advanced transportation networks, which facilitates transportation and distribution operations for companies.
• Access to the regional and global market: Dubai is considered a business and trade center in the Middle East, and its free zones provide access to a wide market in the region and global trade opportunities.
• Competitive costs: In addition to tax facilities, operational and labor costs in free zones in Dubai can be lower, which contributes to increasing profitability and enhancing competitiveness.
• Encouraging environment for business and innovation: Free zones provide an encouraging environment for business and innovation, including support for startups and innovative companies through shared spaces and customized support programs.
• Flexibility in labor and establishment laws: Dubai free zones enjoy flexibility in labor and establishment laws, which facilitates the process of establishing, operating and managing companies.
• Distinctive logistical presence: Dubai is located in a strategic location that makes it a center for global trade, which makes presence in its free zones a strategic advantage for accessing regional and global markets.

At the conclusion of this article, it can be concluded that establishing a company in the Dubai Free Zone with Itqan Company is a reliable and economical option for investors. The company allows establishing companies at a reasonable and competitive cost, while providing comprehensive and integrated services.

Through Itqan Company, investors can benefit from its extensive experience and knowledge in establishing companies in the free zone. The company provides the necessary support and advice to make the establishment process successful, starting with arranging licenses and administrative procedures to developing appropriate financial plans.

Thanks to its affordable cost, investors can make the most of the business opportunities in the free zone and achieve their financial goals. Itqan Company is a reliable and distinguished partner in achieving the success of companies in the free zone at an affordable cost.

Take advantage of the services of Itqan Company to establish your company in the free zone at a competitive cost. Rely on her experience and advice to achieve success and growth in Dubai’s dynamic business market. Start your entrepreneurial journey with confidence and benefit from the promising opportunities that the free zone offers your company.

The most important frequently asked questions about establishing a company in the free zone