Dubai is considered one of the main destinations for startups and leading companies alike, as it provides a suitable investment environment and encouraging facilities that make it a preferred destination for establishing a company in the Dubai Production City Free Zone. Among the free zones that offer distinct opportunities for investors and businessmen, Dubai Production City stands out as a fruitful and ideal investment destination for establishing companies in the heart of the emirate.

In this context, the role of Itqan Company, a leader in the field of legal, commercial and technical consulting, comes as a strategic partner for investors and businessmen seeking to establish their companies in Dubai Production City. Itqan combines deep experience in local and international laws, e-commerce and information technologies, making it the ideal partner to assist with all aspects of establishing and managing companies.

Itqan’s partnership with startup investors in Dubai Production Cityensures the provision of customized and comprehensive solutions, including providing legal and regulatory advice, providing technical and technological support, and ensuring full compliance with local laws and regulations.

In this article, we will explore in detail how to establish a company in the Dubai Production City Free Zone in cooperation with Itqan Company, and the basic steps, challenges and benefits that await investors in this vital process to achieve success in today’s business world.

Establishing a company in the Dubai Production City Free Zone

Steps to establish a company in the Dubai Production City Free Zone

Dubai Production Zone, as one of the important free zones in Dubai, provides an ideal investment environment for establishing companies and operating businesses efficiently. This area is known for its government facilities and advanced infrastructure, making it an ideal destination for companies wishing to grow and expand. In this topic, we will review the basic steps for establishing a company in the Dubai Production Zone .

Steps to establish a company in Dubai Production Zone:

• Market study and research: The work begins with studying the market and identifying the available opportunities and needs of the local and global market.
• Choosing the legal type of company: Determine the appropriate type of company, whether it is an individual company, a joint stock company, or a limited liability company.
• Determine activities and services: Determine the business activities and services that the company will provide, and ensure their compliance with the laws of the free zone.
• Choosing and registering a name: Choosing a suitable name, confirming it after verifying its availability and legality, and then registering it in government records.
• Identifying shareholders and responsibilities: Determining the identities of shareholders and their percentage of capital, and determining the financial and administrative responsibilities of each partner.
• Preparing legal documents: Preparing the necessary documents to establish the company, such as company contracts and internal regulations.
• Obtaining licenses and permits: Completing the procedures for obtaining the necessary licenses and permits to start work in the free zone.
• Registration in the commercial registry: Register the company in the commercial registry of the free zone and obtain official registration certificates.
• Opening a bank account: Opening a bank account for the company in one of the approved banks in the free zone.
• Starting Business: After completing all legal and regulatory procedures, the company can start operating its business in the Dubai Production Zone.

Required documents: Establishing a company in the Dubai Production City Free Zone

• Request to register with complete data
• Board of Directors’ decision to appoint a director of the company/management member (officially authenticated by a notary and authenticated)
• A legal power of attorney through which the director/management member is authorized (officially authenticated by a notary and authenticated)
• The company’s articles of incorporation and articles of association (officially authenticated by a notary and authenticated)
• Director/management member signature form (officially notarized and authenticated by a notary public)
• A personal photo of the director/management member with a white background
• Information about share capital

Regulations applicable to companies in Dubai Production City

Companies in Dubai Production City are subject to several regulations and regulations, including:

1. Dubai Companies Law: It regulates the establishment and operation of companies in the Emirate of Dubai, and specifies the requirements and procedures necessary for registering and operating companies.
2. Labor laws: define workers’ rights and duties, including working conditions, wages, and occupational safety and health.
3. Taxes and fees: These relate to taxes and fees imposed on companies and individuals in Dubai, including value-added tax and income tax.
4. Special Industry Regulations: There may be regulations and laws specific to the production industry in Dubai, related to safety, quality, environment, etc.
5. Import and Export Regulations: If a company deals with the import and export of goods, there will be regulations governing these processes, such as customs, permits and insurance.
6. Intellectual Property Regulations: Protect companies’ intellectual property rights, such as patents, trademarks, and copyrights.
7. Environment and Sustainability Regulations: regulate the use of natural resources and the impact of companies on the environment, and encourage sustainable practices.

Conditions for establishing a company in the free zone

The role of the Dubai Production City Free Zone in strengthening the UAE economy

Dubai Production City Free Zone plays an important role in strengthening the UAE economy through several mechanisms:

• Promoting foreign direct investments: The free zone provides a suitable investment environment that attracts foreign capital, as it provides features such as customs and administrative facilities, advanced infrastructure, and access to the regional and global market.
• Promoting innovation and technological development: The free zone encourages innovation and the exchange of knowledge and technology, by attracting leading companies in fields such as technology, smart manufacturing, and research and development.
• Enhancing manufacturing and export: The free zone contributes to enhancing the UAE’s ability to manufacture and export, by attracting companies operating in various sectors such as engineering, metallurgy, electronics, and chemical industries.
• Providing job opportunities: The free zone contributes to creating local job opportunities for citizens and residents, whether in the manufacturing sector or related services, which contributes to enhancing economic development and improving the standard of living.
• Strengthening international partnerships: The free zone works to strengthen international partnerships by attracting international companies and providing a cooperative environment that allows commercial, technical and cultural exchange.

Advantages of establishing a company in the Dubai Production City Free Zone

1. 100% retransfer of capital and profits abroad
2. 100% exemption from import and export duties
3. No tax is imposed on corporate gains or personal income in most cases
4. No restrictions on the use of currency
5. Low cost of operations
6. Pre-built offices, factories and warehouses
7. Fast procedures for establishment and licensing
8. Single window for customs clearance; That is, multiple administrative services in one station
9. Provides labor recruitment assistance and additional support services, such as sponsorship and on-site housing
10. Abundant and inexpensive energy
11. Excellent infrastructure, communications, and attractive work environment

At the conclusion of our article about establishing a company in theDubai Production City Free Zone in cooperation with Itqan Company, we find that this opportunity is a very exciting opportunity for investors and businessmen who are looking to benefit from the distinguished business environment and exceptional features that the free zone offers.

Through your partnership with Itqan Company, you will enjoy distinguished technical and advisory support that will help you establish and operate your company effectively and successfully. Whether you work in the field of information technology or any other sector, you will find in Dubai Production City Free Zone an ideal environment to achieve your business goals and expand the scope of your business.

There is no doubt that cooperating with Itqan Company will ensure that you obtain the correct guidance and experience necessary to succeed in your business journey. So, do not hesitate to take advantage of this unique opportunity and move towards a prosperous future in the business world in Dubai.

Frequently asked questions about establishing a company in Dubai Production City