Establishing a company in a Dubai free zone can be an important investment step for many entrepreneurs and startups. Free zones offer a supportive business environment and multiple benefits such as tax exemptions, customs facilities, and access to the regional and global market. In this article, we will discuss the cost of establishing a company in a Dubai free zone.
The cost of establishing a company is affected by several factors, including the type of company and Dubai Free Zone The chosen company size and its specific needs. Potential costs include rental costs, company licenses, labor costs, administration and office costs, and legal and accounting consulting costs.
With Etqan, you can benefit from its expertise and services in establishing your company in the Dubai Free Zone. Etqan will provide you with the necessary advice and support in all aspects of company formation, starting from licensing and registration arrangements to general management and accounting.
When you work with a specialized company like Itqan, you can ensure that the process is smooth. TThe company is incorporated in Dubai smoothly as per the local requirements and under the supervision of a professional team who are well aware of the local procedures and legislations.
Setting up a company in Dubai Free Zone can be an exciting and rewarding opportunity for many entrepreneurs. If you would like more information on the cost of setting up a company in Dubai Free Zone and how to work with Etqan, it is advisable to contact them directly for a personalized consultation tailored to your specific needs and requirements.
Cost of establishing companies in free zones
Establishing a company in the free zone in Dubai It can be an exciting and rewarding opportunity for many entrepreneurs. There are several steps To establish a company in the free zone in DubaiHere are some general ways to complete this process:
- Choosing the right free zone: There are many free zones in Dubai, and they vary in specializations and targeted industries. Study the different zones and choose the one that matches your business activity and requirements.
- Company establishment: Determine the type of company you wish to establish, whether a Limited Liability Company (LLC), a Public Joint Stock Company (PJSC), or a Sole Proprietorship, according to your business requirements.
- Registration and Licensing: The free zone may require specific licenses for your business. Submit your registration application and complete the necessary procedures to obtain the necessary licenses, such as a trade license, building license, and work license.
- Choosing the legal form and partners: Determine the legal form of the company and identify the partners if the company is a public joint stock company. Some free zones may require a local partner of a certain percentage.
- Obtaining capital: Determine the capital required to establish the company and keep the required amount of money in a bank account in Dubai.
Establishing a company in the Dubai Free Zone
Benefits of establishing a company in Dubai Free Zone
Establishing a company in Free Zones in Dubai It offers many important and attractive benefits to investors. If you want to get more information about the cost of establishing a company in the free zone in Dubai and how to cooperate with Itqan Company, here are some of the main benefits:
- Full ownership of the company: Establishing a company in a free zone in Dubai allows investors to have full ownership of their company without the need for a local partner. This gives the investor absolute freedom to make management decisions and direct the company’s course.
- Customs facilities: Dubai free zones offer easy customs facilities, such as duty-free and low tariffs on imports and exports. This helps reduce production costs and increase product competitiveness.
- Tax cuts: Companies in Dubai’s free zones enjoy significant tax breaks, including no income tax on profits and no value-added tax (VAT). This helps increase profitability and improve competitiveness.
- Advanced infrastructure: Dubai free zones feature advanced infrastructure and modern facilities, including offices, warehouses, logistics zones, and maritime and air logistics centers. This advanced infrastructure provides a business-friendly environment and facilitates the daily operations of companies.
- Government guidance and support: The Dubai Government is committed to providing the necessary guidance and support to companies joining the free zones. Government advisory and support services are available to help facilitate administrative procedures and provide legal and financial advice.
- Access to the regional market: Dubai is a gateway to the Middle East, North Africa and South Asia markets. Thanks to its strategic location and major international airport, companies in Dubai’s free zones can easily access these promising markets.
Setting up a company in a Dubai free zone offers exciting opportunities for business growth and expansion. It allows investors to benefit from tax and customs facilities, full company ownership, advanced infrastructure, and government support. It also provides access to a wide and diverse market in the Middle East, North Africa, and South Asia.
Legal procedures for establishing a company in a free zone
Establishing a company in a free zone in Dubai requires following certain legal and administrative procedures. Establishing your company in a free zone in Dubai. Itqan will provide you with the necessary advice and support in all aspects of company formation, from licensing and registration arrangements to general management and accounting. Here are the basic steps to take:
- Select company type: You must decide what type of company you want to establish. It can be a Limited Liability Company (LLC), a Sole Proprietorship, or a Partnership. You must choose the type that best suits your business needs and goals.
- Choosing a company name: You must choose a unique and appropriate name for your company, and ensure that it is not repeated with any other company in the free zone. The name must be consistent with local laws and regulations.
- Submit registration application: You must submit the registration application to the competent authority in the free zone. You must submit the required documents such as the completed forms, personal documents of shareholders and directors, and the business plan of the company.
- Payments: You must pay the fees and financial deposits required to establish the company. These fees and deposits are determined by the type of company and the amount of capital invested.
- Obtaining licenses: Some companies may require additional licenses to establish in the free zone depending on the company’s activity. These licenses may include a business license, building license, professional license, and others as needed.
Remember that these procedures may vary slightly depending on the specific free zone and local legislation. Therefore, it is essential to check the exact requirements and legal and administrative procedures of the free zone in which you intend to establish the company.
Types of companies allowed in Dubai Free Zone
Types of companies allowed in Dubai Free Zone
| Type of Company | a description |
|---|---|
| Sole Proprietorship | It is managed by only one person, and the liability is limited to the amount of capital invested. The number of managers is not limited to one. |
| Shareholding company | Its ownership is divided into shares that can be sold and traded, and liability is limited to the amount invested. It requires a certain number of shareholders and directors. |
| Limited Liability Joint Stock Company | A type of joint stock company with limited liability for shareholders, with shareholders being liable for the company’s debts only to the extent of their contributions. Requires a certain number of shareholders and directors. |
| Private Joint Stock Company | A limited liability joint stock company whose shareholders are limited and known in advance, and is exempt from the rules of public subscription and sale of shares to the public. It requires a certain number of shareholders and directors. |
| Subsidiary | It is part of another company called the parent company, which is responsible for the decisions and actions of the subsidiary company. It requires permission from the parent company. |
| foreign personal company | Managed by a single person who is not a resident of Dubai, with limited rights and liability. Requires a permit from the Dubai Department of Economic Development. |
These are examples of the types of companies that can be established in a free zone in Dubai, and there are precise laws and regulations that specify the conditions for establishing and operating each type of these companies, so it is advisable to check the current laws and consult with Itqan Company before taking any official step in this regard.
Cost of establishing a company in the Dubai Free Zone
The cost of establishing a company in the Dubai Free Zone varies according to several factors such as the type of company, the size of the business, and the services required. Among the main costs that a company may face during the establishment process are:
- Basic license fees: Company licenses cost varying amounts depending on the type of company and its scope of activity.
- Legal and accounting consulting costs: It is advisable to obtain legal and accounting advice to ensure full compliance with local laws and regulations.
- Costs Administrative services: These costs include providing administrative services such as financial management and human resources.
- Property costs: Property costs must be paid for the rent of the company’s office within the free zone.
- Visa and residence fees: These costs include the costs of obtaining work visas and residence for employees and shareholders.
In short, the cost of setting up a company in the Dubai Free Zone is affected by several factors and varies from one company to another. However, the total cost may include several thousand UAE dirhams.
Important documents for establishing a company in a free zone in Dubai
There are a set of basic documents that an investor needs to submit to establish a company in a free zone in Dubai. These documents may vary depending on the type of company, the business activities that the company will be conducting, and the requirements of the local authorities. Some of the common documents that you may usually need to establish a company in a free zone in Dubai are:
- Official registration form: An official form must be submitted containing information such as the company name, type of business and details of shareholders.
- Memorandum of Association: It is a document that contains information about the company’s structure, objectives, scope of work, shareholders’ rights and responsibilities.
- Articles of Association: The company’s bylaws define the internal procedures, authorities and other details relating to the management and operation of the company.
- Lawyer’s Certificate: Verify that the documents submitted for registration are correct and in compliance with local laws.
- Economic Disclosure: This document sets out the financial and economic information of the company and its shareholders.
Our service in establishing your company in the free zone
Itqan Company offers a wide range of services to help you establish your company in the Dubai Free Zone. Here are some of the services that Itqan Company can provide:
- Company formation consulting: Providing advice and guidance on the best type of company to suit your business and needs.
Determine the legal, administrative and financial requirements for establishing a company in the free zone. - Organize documents and transactions: Assist you in preparing and arranging all documents and transactions necessary to register the company and obtain licenses and permits.
- Providing legal services: Providing legal advice and legal support regarding articles of association, agreements and legal disputes.
- Providing financial services: Assist you in determining the capital structure and preparing the financial plans and financial reports required for registration and permits.
- Administrative Operations Management: Providing support in daily administrative operations such as account management, staff and public relations.
These are just a few examples of the services that Etqan can provide in establishing your company in Dubai Free Zone. You can choose the services that meet your exact needs based on your company type and requirements.
Your company in the free zone
In conclusion, establishing a company in a free zone in Dubai is an important strategic step for individuals and companies wishing to benefit from the advanced economic environment and available business facilities. In cooperation with Itqan Company, establishing a company can be a smooth and reliable process.
The journey begins with determining the appropriate type of company and choosing a unique and appropriate name for the company. After that, the registration application is submitted to the competent authority in the free zone, along with the required documents and business plan. After approval and transfer of financial fees, the necessary legal and administrative procedures are completed.
Dubai’s free zones offer a unique business environment, with 100% foreign ownership, zero taxes on profits and income, and access to advanced infrastructure, financial services and logistics.
Itqan provides the necessary support and advice for establishing a company in the free zone, including assistance in preparing documents, arranging meetings with the relevant authorities, and managing administrative and legal procedures. With its extensive experience and knowledge of local laws and regulations, Itqan helps clients overcome challenges and achieve sustainable business success.
Ultimately, setting up a company in a Dubai free zone gives you the opportunity to thrive in a dynamic and sustainable business environment. With the support of MasteryYou can embark on this adventure with confidence and optimism, taking advantage of the competitive advantages offered by the free zone, which are designed to promote economic growth and development.
The most important frequently asked questions about the cost of establishing a company in the free zone in Dubai
What are the basic costs of setting up a company in the Dubai Free Zone?
Costs consist of incorporation fees, licensing and permit fees, legal consulting fees, and initial management and operating costs.
Is there a minimum capital required to establish a company?
Yes, there is a minimum capital requirement which depends on the type of company, its activity and classification.
What are the incorporation fees that must be paid to the relevant authorities?
Incorporation fees include company registration fees, activity permit fees, licensing fees, and government office fees.
Can I expect an increase in costs after incorporation?
Yes, the company may face additional costs such as taxes, annual fees, maintenance costs and insurance.
What additional services may affect the cost of company formation?
Additional services include legal, accounting, financial, marketing and regulatory consulting services.
