With the growing interest in setting up businesses and investing in Dubai, finding suitable business locations is an essential part of the process. Dubai’s free zones offer a unique environment for businesses and investors, with tax and customs facilities and advanced infrastructure. In this article, we will discuss the cost of setting up a company in Dubai Free Zone. We will provide an overview of the factors that affect the cost, including fees, legal and administrative costs, and how to plan for them effectively to ensure the success of the process. Establishing a company in the free zone At the lowest possible cost. We will also highlight the factors to consider to make the most of your investment in this vital economic zone in Dubai.

Establishing a company in the free zone

Establishing a company in the free zone In Hamriyah, Dubai, it is considered an important strategic step for investors and businessmen who seek to benefit from the advantages and facilities offered by this region. Free zones provide distinct opportunities for establishing companies and expanding the scope of business locally and globally. This paragraph provides an overview of the process of establishing a company in Hamriyah Free Zone:

The process of establishing a company in the Hamriyah Free Zone begins with careful preparation and research into the local laws and regulations governing the process of establishing companies. The investor or businessman must determine the type of company he wants to establish, whether it is a sole proprietorship, a limited liability company, a public or private joint stock company.

After that, the investor or businessman must choose the appropriate name for the company that is consistent with local laws and regulations, and that reflects the identity and future vision of the company. After that, the incorporation application is submitted to the relevant authorities in the free zone, and all required documents and papers are submitted, such as a copy of the passport, personal photos of the shareholders, a copy of the company’s social contract, and others.

After reviewing the application and ensuring that all conditions are met, the necessary licenses are issued to establish the company in the free zone. The investor or businessman must comply with all legal, tax and administrative obligations involved in establishing and operating the company in the Hamriyah Free Zone.

In short, establishing a company in the Hamriyah Free Zone requires good planning and adherence to local laws and regulations, and can have a significant positive impact on the company’s success and future growth.

Cost of establishing a company in Dubai Free Zone

Cost Establishing a company in the Dubai Free Zone It varies based on several factors, including the type, size and activity of the company, and local legal and administrative costs. Here is an estimate of the costs that may be involved in the process of setting up a company in the Dubai Free Zone:

1. Establishment and registration fees: These fees include the company establishment fees and its registration with the local authorities and relevant official bodies.
2. Commercial license fees: A fee must be paid to obtain the commercial license required to practice commercial activity in the free zone.
3. Rental costs: Establishing a company requires providing a place to work, and this requires paying the rent for an office or suitable commercial space.
4. Legal and accounting consulting costs: There may be consulting costs for lawyers or accountants to assist you with the legal and accounting procedures.
5. Insurance and guarantee costs: Insurance and guarantees must be paid for workers, equipment and property.
6. Registration fees in local authorities: Costs may include registration with local authorities and trade associations.

Factors affecting company formation fees in the free zone

There are several factors that affect the administrative fees required. To establish a company in the free zone in Dubai which is next :

• Type of Company : Administrative fees vary depending on the type of company to be established. For example, the cost of establishing a limited liability company differs from establishing a sole proprietorship or partnership.
• Company size: The size of the company usually depends on the capital invested in it, the number of employees and the expected volume of business. The size of the company can affect some administrative fees such as residence fees and employee insurance fees.
• Company activity: The impact of the company’s activity on administrative fees varies based on the nature of the activity and work license requirements. For example, the fees for establishing a commercial company differ from the fees for establishing an industrial company.
• The company’s website : Administrative fees vary depending on the company’s location within the free zone. For example, fees may be higher for companies located in more vibrant areas with more services and infrastructure.
• Duration of stay : Administrative fees vary depending on the desired length of stay for the investor or employees. For example, the residency fee for an individual wishing to reside for one year may differ from the residency fee for longer periods.

In general, it can be said that the administrative fees required to establish a company in the Dubai Free Zone vary based on several factors, and therefore it is advisable to contact the relevant authorities to obtain more details about the administrative fees required to establish a company in the free zone.

Conditions for establishing a company in the free zone

conditions Establishing a company in the free zone In Dubai and other emirates, this may vary depending on the type of company and the planned business activity, but general requirements usually include:

• Permitted business activity: The company’s activity must be in compliance with the local laws and regulations in force in the free zone.
• Shareholders and Directors: The identity of the shareholders and directors who will manage the company’s affairs must be determined, and the necessary documents must be provided to identify them.
• Basic capital: There may be requirements for the initial capital required to establish the company, and this depends on the type of company and the proposed business activity.
• Work place: A document proving the rights of use or ownership of the place where the company’s operations will take place in the free zone must be submitted.
• Legal documents: All legal documents required to establish the company, such as the company incorporation form and director and shareholder appointment forms, must be submitted.
• Compliance with local legislation: The company must comply with all local laws and regulations relating to its business operations in the free zone.

Documents for establishing a company in the free zone

Establishing a company in a Dubai free zone requires the submission of a set of basic documents. Here is a list of common documents that may be required:

1. Memorandum of Association: It specifies the basis for establishing the company, its proposed business activity, and details of the shareholders and their shares.
2. Appointment of Directors Form: Specifies the details and identity of the directors who will manage the affairs of the company.
3. Appointment of Company Secretary Form: If a financial trustee is required, his details must be identified and provided.
4. Business Activity Form: Specifies the business activities that the company intends to practice in the free zone.
5. Ownership Form: Specifies the details of the company’s shareholders and their ownership percentages.
6. Copies of passports: Copies of passports of all shareholders and directors must be provided.
7. Lease contract or title deed of the place where the company will be established: Proves ownership or lease of the place to establish the company.
8. Good Conduct Certificate: In some cases, the free zone may require a certificate of good conduct for directors and shareholders.

Advantages of working in Dubai free zones

There are many different benefits that an investor gains when starting a business or establishing a company in the free zone in Dubai. They can be defined as economic zones launched by the government to encourage the establishment of companies and the start of economic and commercial activities, and they offer the following advantages:

• Fully sole proprietorship.
• No restrictions on cash transactions.
• Full exemption from import and export tax.
• Customs benefits and other incentives for foreign investors.
• Dispose of the profits in full without any reduction.
• Corporate and personal tax exemptions.

Cost of a business license in Dubai Free Zone

The cost of a business license in the Dubai Free Zone varies based on several factors, including the type of company, its activity and size, and the facilities provided by the free zone itself. The cost of the license usually includes obtaining the basic business license, which may include the following costs:

1. Establishment and registration fees: These fees include the costs of registering and establishing the company in the free zone.
2. Government services fees: These fees include fees charged by local authorities for processing the application and delivering the license.
3. Processing and administration costs: Costs may include application analysis, processing, issuance and administration of the license.
4. Legal advice and assistance costs: You may need legal advice or assistance in submitting the application and reviewing the required documents.
5. Insurance and guarantee costs: You may need to pay insurance for the company or workers in the free zone.

Etqan Company Services for Establishing a Company in the Free Zone

Itqan Company offers a wide range of services to facilitate the process of establishing companies in the free zones in Dubai and other emirates. Here are some of the services that Itqan Company may provide to establish a company in the free zone:

• Company formation consulting: Itqan Company provides specialized consultations to help you choose the appropriate type of company and determine the best free zones to establish the company.
• Preparing legal documents: Itqan Company prepares all legal documents necessary for establishing the company, such as the company incorporation form, directors’ and treasurer’s appointment forms, etc.
• Rental and office arrangements: The company provides office and commercial space rental services in free zones, in addition to providing arrangements to secure the necessary place to establish the company.
• Company registration and obtaining licenses: Itqan Company undertakes the process of registering the company and obtaining all necessary licenses from local authorities and relevant entities.
• Logistics services and administrative facilities: The company provides logistics and administrative services such as mail, reception and comprehensive administrative support.
• Accounting and financial services: Itqan provides accounting and financial reporting services to help you manage the finances of your company in the free zone.
• Tax and legal consulting services: The company provides customized legal and tax advice to ensure compliance with local laws and regulations.

At the conclusion of this article, it becomes clear that Establishing a company in the free zone In Dubai, it represents a significant opportunity for investors and ambitious businessmen. One of the main questions that preoccupy those who are about to establish a company in this global destination is the expected cost of this process.

The cost associated with setting up a company in a Dubai free zone varies based on several factors. These factors include the type and size of the company required, the chosen business activity, the licenses and permits required, accommodation and utilities costs, and administrative and legal services.

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