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Establishing a company in the Dubai Free Zone

٢٩ مارس Establishing a company in the Dubai Free Zone

Establishing a company in a free zone Dubai is one of the most prominent global destinations for business and trade, combining advanced infrastructure and an attractive investment environment. Among the factors that enhance Dubai’s position as an ideal investment destination are the free zones spread across the emirate. These areas offer multiple advantages including tax exemptions, full foreign ownership, and simplified bureaucratic procedures, making them an attractive option for entrepreneurs and foreign investors. Establishing a company in one of Dubai’s free zones can be a successful starting point for any business project seeking to reach regional and international markets.

Establishing a company in the free zone In Dubai, it requires following a set of steps that include choosing the appropriate type of company, determining the business activity, and obtaining the necessary licenses. Although this process seems simple, it may involve many technical and administrative details that require expertise and accurate knowledge of local laws and regulatory requirements.

In this context, Itqan plays a vital role in facilitating the process of establishing companies in Dubai’s free zones. Itqan offers a comprehensive range of consultancy services that cover all aspects of company formation, starting from choosing the right free zone for your business, through preparing and submitting the required documents, and obtaining the necessary licenses and permits. With its specialized team and extensive experience in the local market, Itqan ensures its clients a smooth and efficient company formation experience.

Itqan does not just facilitate the incorporation process, but also provides ongoing support to companies after they start operations, by providing legal, financial and administrative consultations. This ongoing support helps startups adapt to the market and achieve sustainable growth. With its integrated services, Itqan becomes a strategic partner for investors looking to capitalize on the great opportunities that Dubai offers.

Establishing a company in the Dubai Free Zone

Establishing a company in the free zone In Dubai, it is a strategic step that opens wide doors to business opportunities, thanks to the advanced investment environment and simplified procedures provided by these areas. Free zones in Dubai are a major hub for attracting foreign investments due to their many advantages, including tax exemptions, full foreign ownership, and world-class infrastructure. In this article, we will discuss in detail the steps to establish a company in the Dubai Free Zone, in addition to the role of Itqan Company in facilitating this process.

  1. Business Consulting: Providing comprehensive business consulting including market analysis, feasibility studies, and assessment of operational and financial needs.
  2. Determine the legal structure: Assisting clients in choosing the appropriate legal structure for their company, whether it is a sole proprietorship, limited liability company, or subsidiary.
  3. Preparing legal documents: Providing services for preparing and coordinating the legal documents necessary for establishing the company, such as contracts, agreements, minutes and declarations.
  4. Licenses and approvals: Assisting clients in obtaining the necessary licenses and approvals from government agencies and free zone authorities.
  5. Opening bank accounts: Assistance in opening company bank accounts, including providing the necessary information and completing the required procedures with local banks.

In short, Itqan Company provides integrated services that cover all aspects of Establishing a company in the free zone In Dubai, which contributes to providing a smooth and successful experience for customers and enhances their chances of success in the local and international market.

Company in Dubai Free Zone

Company in Dubai Free Zone

Basic steps to establish a company in a free zone in Dubai

Establishing companies in a free zone In Dubai it can be a strategic move for many businessmen and investors who are looking to take advantage of the benefits available in these areas. Here are the basic steps to set up a company in a free zone in Dubai:

  1. Choosing the right free zone: There are several free zones in Dubai, each with its own advantages and industrial focus. You should choose the free zone that best suits your business.
  2. Specify the type of company: You must determine the type of company you wish to establish, whether it is a sole proprietorship, a joint stock company, or a limited liability company, according to your business needs and local laws.
  3. Choose a company name and make sure it is available: You must choose a suitable and unique name for your company, and make sure that it does not conflict with the names of other existing companies. You can check the availability of the name through the website of the Department of Economic Development in Dubai.
  4. Submit an application for registration: After selecting the free zone and company type, you must submit a registration application to the competent authority in the free zone. You will need to fill out the required forms and submit the required documents.
  5. Determine the area and secure the property: You must determine the space required for your company’s headquarters and secure a suitable property in the free zone, whether by rent or purchase.

Costs of setting up a company in a free zone in Dubai

Establishment costs Company in Dubai Free Zone They can vary greatly depending on several factors, including the type of company, the size of the business, and the free zone chosen. Here are some of the basic costs you may face while setting up a company in a free zone in Dubai:

  1. Registration and licensing fees: These fees include the cost of registering the company in the free zone and obtaining the necessary licenses to practice the business activity.
  2. Nominal capital: Some free zones may require a minimum or maximum capital for your company, and this may affect the overall cost of setting up the company.
  3. Real estate costs: Costs include renting or purchasing office or commercial space in the free zone, plus additional fees such as deposits and real estate fees.
  4. Public service costs: These fees include the costs of electricity, water, communications, internet, air conditioning, maintenance and cleaning.
  5. Production and operating costs: If you operate in a sector that requires special equipment or consumables, you will need to incur costs to purchase these equipment and materials.

Dubai Free Zone

Dubai Free Zone

Steps to open a bank account for a company in a free zone

Opening a company bank account in a Dubai free zone is an essential and necessary step for new companies, as it provides them with the necessary means to manage money and financial transactions efficiently and easily. Here is a brief overview of the basic steps to open a company bank account in a Dubai free zone:

  1. Choose a bank: Research and choose a bank that meets your company’s needs and offers the right services for you. You can consider a range of factors such as exchange fees, interest, customer service, and more.
  2. Collect the required documents: Before going to the bank, make sure to gather the required documents. These documents may include your passport, company social contract, company license, incorporation documents, and any additional documents required by the banks.
  3. Personal attendance to open an account: In many cases, you will need to come in person to a bank branch to open a corporate account. Banks may require the signature of an authorized person or legal representative of the company.
  4. Filling out forms and providing information: You will need to fill out the application forms provided by the bank and provide the necessary information related to the company, such as the company name, address, type of activity, and shareholder information.
  5. Verify identity and authenticity: The bank may require verification of the identity and credibility of the company and authorized officials through the documents provided, and may

Key Advantages of Setting Up a Company in a Free Zone in Dubai

Setting up a company in a free zone in Dubai has many key advantages that make it an ideal destination for business and investment. Strategically located on the global business map, Dubai is a free zone that embraces a sophisticated and diverse business environment that meets the needs of companies from all sectors and fields. Here is a brief overview of the key advantages of setting up a company in a free zone in Dubai

  1. Tax exemptions: Dubai’s freedom zones offer full or partial tax exemptions on income and corporate taxes for a specified period, reducing the financial burden on startups and increasing their profitability.
  2. Easy access to regional and global market: Dubai is strategically located, providing easy access to the markets of the Middle East, North Africa and Asia, providing opportunities for expansion and growth.
  3. Advanced infrastructure: Dubai’s free zones offer modern and advanced infrastructure, including seaports, airports, roads and communications, facilitating transportation and exports and enhancing communications.
  4. Flexible Business Legislation: Dubai provides a flexible and business-friendly legislative environment, facilitating administrative and regulatory procedures for companies and helping them adapt to rapid market developments.
  5. Customs facilities: Dubai’s free zones allow for export and import without customs duties or significant restrictions, facilitating international trade and increasing opportunities for growth and expansion.

Our role in establishing your company in the free zone

Itqan plays a vital role in the process of establishing your company in the Dubai Free Zone, providing a comprehensive range of services and consultations that contribute to the success of your business and provide you with the necessary support throughout all stages of establishing the company. Here are some of the things that Itqan does to facilitate the process of establishing your company in the Dubai Free Zone:

  1. Business Consulting: Itqan provides specialized consulting to help you understand the business environment in the free zone, and identify potential opportunities and challenges for your business.
  2. Determine the legal structure: Itqan provides assistance in determining the appropriate legal structure for your company, such as a limited company, a sole proprietorship, or a joint stock company.
  3. Preparing documents and papers: Itqan provides services for preparing and coordinating the legal documents required for establishing a company, such as articles of association and bylaws.
  4. Assistance with licenses and approvals: Itqan assists you in obtaining the necessary licenses and approvals from the relevant government agencies and free zone authorities.
  5. Legal guidance: Itqan provides legal consultations that help you understand the local laws and regulations related to establishing and managing companies in the free zone.

In short, the Etqan team works to provide the comprehensive support and integrated services you need to establish your company in the Dubai Free Zone in a successful and effective manner. Etqan is a strategic partner you can rely on in your journey to build and develop your business.

Your company in the free zone

Opportunities. Dubai is a gateway to business and investment, and its free zones provide an ideal environment for startups and large corporations to achieve success and growth.

With the vital role that Etqan plays in this process, we can emphasize the many benefits that the company offers to entrepreneurs and investors. When you rely on Etqan, you are guaranteed to receive comprehensive and integrated support in all aspects of establishing a company, starting from determining the appropriate legal structure, all the way to preparing the necessary documents and obtaining licenses and approvals.

With its expertise and deep understanding of the legal environment and local legislation, Etqan can provide legal and strategic advice that contributes to making sound decisions and successfully achieving the company’s goals.

Ultimately, it is considered a company. Mastery A reliable and distinguished partner that you can rely on in your journey to build your company and achieve success in the Dubai Free Zone. By making the right decisions and hiring the right partners, you can embark on the world of business with confidence and peace of mind, and reach new levels of success and prosperity.

The most important frequently asked questions about setting up a company in the Dubai Free Zone

What are the main advantages of setting up a company in a free zone in Dubai?

Key advantages include low or no taxes, access to the MENA market, and easy customs and logistics facilities.

What are the basic steps to establish a company in a free zone in Dubai?

The steps include choosing the type of company, determining the business activity, obtaining licenses and permits, and registering the company.

What licenses and permits are required to start operating in a free zone in Dubai?

Licenses and permits vary depending on the type of activity and type of company, and include commercial licenses, building permits, environmental permits, and others.

What are the business activities allowed in a free zone in Dubai?

Permitted business activities are determined by licenses issued by the free zone authorities, and range from services to industries.

What are the expected costs of setting up a company in a free zone in Dubai?

Costs vary based on several factors such as the type of company, the size of the business, and additional services required, and include costs for licenses, permits, rent, labor, and more.

Can foreign companies own and operate companies in a free zone in Dubai?

Yes, foreign companies can own and operate companies in Dubai free zones provided they have the necessary licenses.