The free zone in Dubai South is characterized by many benefits and advantages that make it an attraction for investors and companies alike. The area is located within walking distance of Al Maktoum International Airport, providing easy access to the regional and global market. In addition, establishing a company in the Dubai South Free Zone provides advanced infrastructure that includes modern transportation and logistics facilities, making it easier for companies to import and export.
One of the most prominent advantages offered by the Dubai South Free Zone is the complete freedom for foreign investors to own companies, as companies can be 100% owned by foreign investors without the need for a local partner. The region also offers attractive tax exemptions that include not being taxed on profits for up to 50 years, making it an ideal environment for long-term growth and investment.
In addition, Dubai South Free Zone provides fast and efficient company establishment procedures, where investors can complete the registration and licensing processes quickly and simply. This helps reduce the costs and effort required to start a business and accelerate the path to success.
In short, Dubai South Free Zone is an attractive destination for investors looking for a cutting-edge and stimulating business environment, making it an ideal choice for establishing new companies or expanding existing businesses in a region with strong economic growth and broad investment opportunities.
Establishing a company in the Dubai South Free Zone
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ToggleAdvantages of establishing a company in the Dubai South Free Zone
Establishing a company in the Dubai South Free Zone is an attractive option for investors looking for an advanced and stimulating business environment in the United Arab Emirates. This area is characterized by several features that make it an ideal destination for business, and the following are some of those features:
Full Foreign Investor Ownership:
Dubai South Free Zone allows 100% ownership of companies by foreign investors, without the need for a local partner. This gives foreign investors full control over the company’s operations and independent decision-making, enhancing the flexibility and efficiency of business management.
Tax exemptions and reductions:
Dubai South Free Zone offers attractive tax exemptions, as no taxes are imposed on the profits of registered companies for up to 50 years. This measure contributes to reducing corporate costs and increasing the profitability margin, making it attractive for long-term investments.
Advanced infrastructure:
Dubai South Free Zone includes a modern and integrated infrastructure that includes advanced logistical facilities, which facilitates import and export operations with high efficiency. The region also provides space for warehouses and advanced industrial areas, which supports the growth and expansion of companies’ production operations.
Fast and simple incorporation procedures:
Dubai South Free Zone provides quick and efficient incorporation procedures, which helps reduce bureaucracy and administrative costs. Investors can complete registration and licensing procedures easily and without major complications, facilitating the rapid launch of the business.
Government support and support services:
Dubai South Free Zone enjoys strong support from the government and provides multiple support services, including legal, financial and marketing advice, which contributes to facilitating companies’ operations and supporting them during their growth stages.
Steps to establish a company in Dubai South
Steps to establish a company in Dubai South
Establishing a company in Dubai South Free Zone requires following specific and precise steps to ensure successful registration and smooth launch of the business. Below are a set of basic steps to establish a company in this free zone:
Determine the type of company:
You must first determine the type of company you want to establish in the Dubai South Free Zone, such as a limited liability company (LLC), sole proprietorship, or public joint stock company, based on the business activity and future growth plans.
Choosing a company name and ensuring its availability:
You must choose an appropriate and suitable name for the company and ensure that it is available and conforms to the naming rules specified by the local authorities in Dubai. The name must be unique and not conflict with the names of other registered companies.
Preparing the required documents:
The required documents usually include:
Registration application form.
A copy of the passport for shareholders and directors.
Memorandum of Association for limited liability companies.
A list of the company’s proposed business activities.
Submitting an application for registration:
The required documents must be submitted to the competent authority in the Dubai South Free Zone, along with paying the fees related to the registration process. The application and documents submitted are examined to ensure that they meet the legal and administrative requirements.
Obtaining the necessary licenses:
After accepting the application and ensuring that it meets the conditions, the necessary licenses are granted to the company, such as a commercial activity license and a building license if the company includes any commercial operations that require it.
Opening a bank account:
After obtaining licenses, investors must open a bank account for the company in one of the approved banks in the Emirates. This step is essential to facilitate financial operations and effective money management.
Ensure compliance with laws and regulations:
New companies in the Dubai South Free Zone must ensure compliance with all laws and regulations for business in the UAE, in order to avoid any future legal problems.
Areas of establishing a company in the Dubai South Free Zone
Establishing a company in the Dubai South Free Zone provides various opportunities for investors in several economic fields and different industries. Here is an introduction to the business areas in which companies can be established in this free zone:
Logistics and Transportation:
Dubai South Free Zone promises advanced transportation and logistics infrastructure, making it ideal for shipping, distribution, and logistics companies seeking to take advantage of its strategic location near Al Maktoum International Airport.
Manufacturing and Engineering Industries:
Companies in the manufacturing and engineering sector can benefit from advanced infrastructure and government support in the Dubai South Free Zone. These include industries such as electronics, machinery and equipment, and food and beverage industries.
Technology and Innovation:
Dubai South Free Zone is a center for innovation and information technology, as emerging and innovative companies in the fields of technology, software and modern technologies can find here a suitable environment for growth and development.
Financial and consulting services:
Thanks to its strategic location and advanced infrastructure, Dubai South Free Zone is an ideal home for financial services companies such as banks, consulting companies, and insurance companies.
Tourism and Hospitality:
Given the continued growth of the tourism sector in Dubai, companies in the field of hospitality and tourism can explore investment opportunities in establishing hotels, resorts, and entertainment facilities in the Dubai South Free Zone.
Education and Training:
Dubai South Free Zone provides distinct opportunities for companies in the education and training sector, where educational institutions, training centers, and research institutions can be established that benefit from government guidance supporting education and development.
Laws for establishing a company in the Dubai South Free Zone
Establishing a company in the Dubai South Free Zone is subject to a set of laws and regulations that investors must adhere to to ensure that the company is registered legally and smoothly. In this topic, we will highlight the basic laws related to establishing companies in this free zone:
Company type:
The company law in Dubai South Free Zone can include different details and requirements depending on the type of company being established. For example, the requirements for a limited liability company (LLC) are different from those for sole proprietorships or publicly traded companies.
Foreign investor ownership:
The Dubai South Free Zone has a great advantage in allowing 100% foreign investor ownership in companies registered there, without the need for a local partner. The law stipulates that certain conditions must be adhered to in order to obtain this advantage, such as compliance with the provisions of the company’s articles of association and applicable government regulations.
Registration and licensing procedures:
Investors must submit an official application for registration to the competent authority in the Dubai South Free Zone, submitting the necessary documents and paying the required fees. The application and documents are examined to ensure that they meet the specified legal and administrative requirements.
Necessary licenses and permits:
After accepting the application and ensuring its fulfillment, the necessary licenses are granted to the company by the relevant authorities. These licenses may include a commercial activity license, building licenses if the company needs any construction work, and other permits for the company’s activities.
Compliance with government laws and regulations:
New businesses in the Dubai South Free Zone must ensure full compliance with all local and federal laws and regulations related to the business. This includes employment, tax, health and safety, and any other relevant laws.
Legal and financial advice:
Companies investing in the Dubai South Free Zone are recommended to obtain specialized local legal and financial advice before starting the company establishment process. This helps in understanding all legal and tax obligations, and ensuring full compliance with local laws.
Documents required to establish a company in Dubai South
Establishing a company in the Dubai South Free Zone requires submitting a number of necessary papers and documents to ensure that the company is registered legally and smoothly. In this topic, I will review the basic papers you need to establish a company in this region:
Registration Application Form:
Investors are required to fill out and sign the official company registration application form in Dubai South Free Zone. The form must include comprehensive information about the type of company, its proposed business activities, and details of shareholders and directors.
Company document (Memorandum of Association – MOA):
For limited liability companies (LLC), a company document must be prepared that defines the business activities, the scope of the company’s business, and the rights and obligations of shareholders. The company document is considered one of the basic documents that must be submitted with the registration application.
Copy of Passports:
Certified copies of passports must be submitted to all shareholders and scheduled directors of the company. These copies are used to verify the identity of individuals and ensure that they are legally eligible to establish the company.
Emirati residency of the general manager (if applicable):
If the general manager of the company is not a UAE citizen, a certified copy of his Emirati residency must be submitted.
Bank letter confirming capital:
A letter must be submitted from the local bank confirming the transfer of the capital required to establish the company to a bank account in the UAE. The letter includes details of the transferred amount and the company’s bank information.
Business License:
Establishing any company requires a license for its designated business activity. An application must be submitted for this license, which is determined based on the type and nature of the company’s activities.
Board Resolution Form:
If there are founding partners or other investors, a Board Resolution form must be submitted specifying the person authorized to submit applications and signatures on behalf of the company.
Lease contract for office or industrial space:
Company registration requires submitting a valid lease contract for the office or industrial space that the company will use as the headquarters of its operations in the free zone.
Our company’s role in establishing a company in Dubai South
In short, establishing a company in the Dubai South Free Zone in cooperation with Itqan Company is considered a strategic and promising step for investors seeking to exploit the economic opportunities available in this vital free zone. By taking advantage of advanced facilities and infrastructure, the new company can achieve great success in the Dubai market and the surrounding area.
Cooperation with Itqan Company adds additional value through the experience and knowledge it has in the field of establishing and managing companies, which contributes to simplifying operations and reducing risks. This collaboration also provides opportunities to exchange ideas and innovations, enhancing the company’s ability to adapt to changing challenges and requirements in the market.
Thus, it can be said that establishing a company in the Dubai South Free Zone in cooperation with Itqan Company represents a deliberate strategic step, aiming to achieve sustainable growth and long-term success in a dynamic and advanced business environment such as Dubai.
Frequently asked questions about establishing a company in Dubai South
What types of companies can be established in Dubai South Free Zone?
A variety of companies can be established in the Dubai South Free Zone, including limited liability companies (LLC), sole proprietorships, public joint-stock companies, foreign subsidiaries, craft enterprises, and others.
What are the foreign ownership requirements for establishing a company in Dubai South Free Zone?
Dubai South Free Zone allows 100% foreign investor ownership without the need for a local partner.
What are the basic steps to establish a company in Dubai South Free Zone?
The steps include submitting a registration application, preparing a company document, determining the capital, obtaining the necessary licenses, signing the necessary agreements, opening a bank account, and leasing the necessary office or space.
What are the expected costs of establishing a company in Dubai South Free Zone?
Costs vary based on the type of company and the scope of its business, and include registration fees, document preparation costs, rental costs, and required capital.
What are the main benefits of establishing a company in Dubai South Free Zone?
Benefits include full foreign ownership, advanced infrastructure, government facilities, access to the Dubai market and surrounding area, and convenient tax policies.