Establishing a company in a Dubai free zone is an important strategic step to achieve commercial success in a thriving and advanced economic environment. Dubai offers many free zones that are centers of attraction for investors and entrepreneurs from all over the world due to the great facilities they provide. These areas provide advanced infrastructure, flexible laws, and tax exemptions, making them an ideal place to establish and operate a business.

Cooperating with specialized consulting firms such as Itqan can play a major role in facilitating the process of establishing a company. Itqan provides comprehensive support to investors from planning to implementation, ensuring that the company is established in accordance with the best international practices and standards. Itqan provides integrated services that include legal and administrative consultations, preparing feasibility studies, and assistance in obtaining the necessary licenses, in addition to providing ongoing support after the company is established.

Investing in Dubai’s free zones offers companies many competitive advantages, such as zero profit tax, full foreign ownership, and highly efficient logistics services. In addition, Dubai’s free zones facilitate the process of exporting and importing thanks to their strategic location and proximity to global markets.

In this article, we will review the most important steps and advantages related to: Establishing a company in the free zone In Dubai, with a focus on the vital role played by Itqan in supporting and guiding investors to achieve success and prosperity in their businesses.

Establishing a company in the Dubai Free Zone

Establishing a company in the free zone In Dubai, it is an important strategic step to achieve commercial success in a thriving and advanced economic environment. Dubai offers many free zones that represent centers of attraction for investors and entrepreneurs from all over the world thanks to the great facilities they provide. These areas provide advanced infrastructure, flexible laws, and tax exemptions, making them an ideal place to establish and operate businesses.

Cooperating with specialized consulting firms such as Itqan can play a major role in facilitating the process of establishing a company. Itqan provides comprehensive support to investors from planning to implementation, ensuring that the company is established in accordance with the best international practices and standards. Itqan provides integrated services that include legal and administrative consultations, preparing feasibility studies, and assistance in obtaining the necessary licenses, in addition to providing ongoing support after the company is established.

Investing in Dubai’s free zones offers companies many competitive advantages, such as zero profit tax, full foreign ownership, and highly efficient logistics services. In addition, Dubai’s free zones facilitate the process of exporting and importing thanks to their strategic location and proximity to global markets.

Investing in the free zone

Before we know and learn about the forms and methods of investment in the free zone, we must first know what the free zone is, as it is the first investment zone in the United Arab Emirates.

The Emirate of Dubai includes many important and distinguished areas that made it one of the most important emirates in terms of trade and the most attractive emirate for tourists and foreign investors, due to the excellent places that this emirate contains. One of the most important of these areas is the Dubai Free Zone. This area also works to provide a work environment that helps in achieving large profits without paying any type of taxes and without the need for a partner who holds Emirati citizenship.

The free zone also seeks to help new companies in the process of establishing their companies. Knowing the initial costs of establishing companies is considered one of the most important steps to develop a viable business plan. We can help you finance any type of project through investors who have dealt with us before and with the best and most important investment companies in Dubai. You only have to make the project plan and review it to find the right investor with us.

The UAE government always provides sufficient support to Emirati contractors, and there are many grants available for people who have a strong business plan and are foreigners to the UAE, but the government is working to provide many commercial and administrative buildings and free business centers available there for rent in the free zone in order to invest within the free zone to suit the size of the business and services they provide, while providing appropriate solutions for all investor complaints.

Costs of establishing a company in the free zone

Establishing a company in the free zone It requires careful consideration of the costs associated with this, as costs vary based on several factors such as the type of company, the place of incorporation (inside or outside the free zones), and the type of business activities the company will undertake. Here is an overview of the potential costs of setting up a company in a free zone:

• Registration and licensing fees: Registration and licensing fees vary depending on the type of business activity and the area in which the company will be established. These fees may include issuing the trade license, renewing it annually, and commercial registration fees.
• Office or commercial space for rent: Rental prices vary depending on the location and size of the space required. In free zones, office rental costs can range from affordable to high depending on the facilities and services provided.
• Administrative costs: The costs of preparing legal documents include obtaining the necessary approvals and permits, and consulting fees from specialized companies such as Itqan Company.
• Visas and Work Permits: Residence visas and work permits must be obtained for employees, and these costs depend on the number of employees and the job level of each employee.
• Insurance: This includes employee health insurance, business and property insurance, which is a legal requirement in Dubai.
• AFor bank fees: Opening a corporate bank account requires an initial fee, which may also include account maintenance costs and various banking services.
• Professional Services Costs: You may require accounting, auditing, and legal advice on a regular basis to maintain compliance with local laws and regulations.
• Taxes and other fees: Although Dubai offers significant tax exemptions, there are some fees and taxes that may be imposed on certain business activities or transactions.

It is important to work with consulting firms such as Itqan to accurately determine costs and ensure compliance with all legal and regulatory requirements. Itqan provides comprehensive support to entrepreneurs and investors at all stages of company formation, helping to reduce risks and ensure the success of the business project in the free zone.

Steps to establish a company in the free zone

Whatever your financial capacity or what you set a financial budget for establishing and founding any investment project in Dubai or establishing a company in Dubai, you can now establish any investment project or service in Dubai due to the multiple needs of the UAE and also due to the ease of providing ways to establish projects andInvesting in Dubai There are, but it is necessary to know the appropriate and basic steps in establishing a company in Dubai, which are as follows:

1- Determine the nature of the company’s activity.

Determining the nature of the company’s activity is one of the most important procedures imposed by the UAE Law of 2009 for establishing companies in Dubai. This facilitates the procedures and then determines the parties associated with the company’s activity and the permitted legal forms.

There are approximately 2,000 economic activities permitted in the UAE, and economic activities are classified into three main types: commercial activity (real estate, leasing, transportation, financial brokerage, wholesale, retail, storage and communications), professional activity (agriculture, health, social work, education and various service activities related to the community, i.e. any activity that depends on physical and mental activity to practice it), and finally industrial activity, which includes (transformation industries such as mining, water, electricity and quarrying), and there are also some tourism activities.

2- Determining the legal form of the company

Here we are talking about the legal form of the new company that will be established, and this form depends on the nationality of its owners, and the legal form of the company that you plan to establish in Dubai, which is as follows:

• Joint stock company.
• Limited Liability Company.
• Public joint stock company.
• Private equity company.
• Civil business companies.

3- Trade name registration

It comes in the third step of Establishing companies in the free zone It is determining the trade name when establishing a company in Dubai, which is what distinguishes one commercial license from another. The trade name is also related to the form and activity of the commercial company and is fulfilled by several important conditions stipulated by the Department of Economic Development on the trade name before approving the name, namely that the company’s trade name does not contain words that are inappropriate for the country, does not violate the public and private taste of the country, and that the trade name reflects the commercial activity accurately and clearly.

4- Obtaining initial approval

After determining the legal activity of the company and its legal form as well, and registering its trade name, you must now obtain initial approval for the company’s economic activity and follow up in order to obtain the approval of the authorities related to the activity.

5- Preparing the articles of association and choosing a location for your business

Here comes the moment of convening or preparing the contract designated for establishing a company in the Dubai Free Zone, and this is done by bringing the contract of incorporation in agreement between you and the competent authorities in Jebel Ali. You must also choose a location to establish the company in the free zone or establish a company in Jebel Ali to conduct business. All established companies must have an actual address in the United Arab Emirates, and this headquarters must meet the specified requirements and land allocation systems in addition to the existence of an existing license.

6- Obtaining approvals from the authorities concerned with the facility’s activity.

Some commercial activities and projects require obtaining additional approvals from the authorities concerned with those projects and activities, such as approval from the Ministry of Economy, or a specialized approval from the Ministry of Interior, or a specialized approval from the Ministry of Justice, or approval from the Civil Defense if the activity is related to the activities of selling fire-fighting equipment, for example.

7- Obtaining the license

After completing all the previous steps to prepare and establish an investment company in Jebel Ali or establish a company in the Dubai Free Zone, you can now receive the commercial activity license, attach some of the required papers and documents, including the economic development steps and pay the commercial license fees for establishing the company, and then register in the Chamber of Commerce as a member.

in conclusion, Establishing a company in the free zone In Dubai, in partnership with Etqan, it is a profitable investment option. Dubai offers advanced infrastructure, legal and tax facilities, and a dynamic business environment that attracts investors from all over the world. By partnering with Etqan, investors can benefit from the expertise and support needed to achieve sustainable success in their business operations. Etqan’s integrated services enable companies to grow and expand with confidence and peace of mind in a competitive market. With strategic guidance and continuous support, investors can achieve the highest levels of efficiency and sustainability in their businesses in Dubai, making investing in this city a successful and successful move.