5 advantages when establishing a company in the Dubai Free Zone. It is a strategic investment option that attracts many businessmen and investors from around the world thanks to the unique advantages offered by these specialized economic zones. When working with Itqan Company, investors can benefit from extensive experience and deep knowledge of the local market, which It contributes to achieving their commercial goals efficiently and smoothly. The Dubai Free Zone is known for its flexible and stimulating commercial environment that provides a set of advantages that contribute to facilitating establishment processes and promoting commercial growth in general. These advantages reflect Dubai’s commitment to providing a world-class business environment that combines technological and legislative facilities and advanced infrastructure.

One of the most prominent advantages when establishing a company in the Dubai Free Zone is full ownership of the company, which allows foreign investors to fully control their business and make strategic decisions without the need for a local partner. This enhances the independence of companies and allows them to focus on achieving their vision and business goals in a more effective way.

Secondly, the Dubai Free Zone is characterized by comprehensive tax exemption, as companies are exempt from taxes on income and profits for specific periods of time. This enhances the competitiveness of companies and increases opportunities for growth and sustainable investment in a stimulating and low-cost business environment.

Third, the free zone provides an advanced infrastructure that includes modern offices, warehouses, and advanced logistical facilities, which contributes to improving the efficiency of operations and meeting the needs of companies effectively. This infrastructure contributes to providing an integrated work environment that supports commercial and administrative activities.

Fourth, free zones are characterized by simplified and quick establishment procedures, allowing companies to start their commercial activity without long administrative complications. This contributes to accelerating the establishment process and reduces the time it takes to start a business, allowing companies to focus on achieving their goals.

Basic steps to establish a company in the free zone

Establishing a company in the Dubai Free Zone is considered an important strategic step for investors and entrepreneurs who seek to benefit from the flexible and supportive economic environment that these areas provide. Establishing a company in a free zone comes with a set of advantages such as full foreign ownership, tax exemptions, advanced infrastructure, and customs facilities. To establish a successful company in the free zone, you must follow a set of basic steps that ensure compliance with local laws and regulations and provide the required documents correctly. In this article, we will review the basic steps for establishing a company in the free zone, which helps investors start their business smoothly and effectively. Basic steps to establish a company in the free zone

Determine the type of business activity

• Step: Choose the business activity you wish to practice in the free zone.
• Importance: This helps in determining the requirements and regulations that must be complied with.

Choose the company type

• Step: Select the type of company you wish to establish, such as a limited liability company (LLC), a sole proprietorship, or a branch of an existing company.
• Importance: This defines the company’s legal structure and administrative requirements.

Choose a company name

• Step: Choose a unique name for your business and check its availability via the Business Name Registry.
• Importance: The name must be unique and not conflict with other brand names.

Submit an application for incorporation

• Step: Submit the establishment application to the competent authorities in the free zone, including all required information.
• Importance: This is the formal step to start the incorporation process.

Submit the required documents

• Step: Collect and submit all required documents, such as copies of passports, personal photos, a lease contract for the company’s headquarters, the company’s articles of association, and the business plan.

Types of companies that can be established in the free zone

Establishing a company in the Dubai Free Zone represents a golden opportunity for investors and entrepreneurs who want to benefit from the thriving economic environment and the unique advantages that these areas provide. Free zones in Dubai provide a flexible and supportive business environment that contributes to promoting growth and commercial expansion thanks to tax exemptions, full ownership by foreigners, and advanced infrastructure. There are several types of companies that can be established in the free zone, and each type has its own advantages and requirements. In this article, we will discuss the types of companies that can be established in the Dubai Free Zone, which helps investors choose the appropriate structure for their business and achieve the desired success. Types of companies that can be established in the free zone

Limited Liability Company (LLC)

• Details: The Limited Liability Company is one of the most common types of companies in free zones. A company can have one or more partners, and the partners’ liability is limited to the amount of their shares in the capital.
• Advantages: Provides legal protection for partners’ personal assets and allows them flexibility in managing the company.

Sole proprietorship

• Details: A sole proprietorship is a type of company that is owned by one person. This type of company allows the individual investor to have complete control over business operations and make decisions independently.
• Advantages: Easy to establish and manage, with the owner assuming all risks and responsibilities.

Branch of a foreign company

• Details: Foreign companies can open branches in Dubai free zones. This type of company allows parent companies to take advantage of the benefits of a free zone without having to establish a completely new company.
• Advantages: Benefiting from the reputation and brand of the parent company while facilitating entry into the local market.

Documents required to establish a company in the free zone

Establishing a company in the Dubai Free Zone provides many opportunities and advantages that attract investors and entrepreneurs from all over the world. Among these advantages are full ownership of companies, tax exemptions, and advanced infrastructure that supports various types of businesses. To ensure a smooth and successful incorporation process, investors are required to submit a set of basic documents that meet the legal and administrative requirements of the free zone. Preparing the required documents accurately and following the correct procedures increases the chances of obtaining the necessary approvals quickly and effectively. In this article, we will review the documents required to establish a company in the Dubai Free Zone, which helps investors prepare well to start their business. Documents required to establish a company in the free zone

Establishment application form

• Details: Investors must fill out an incorporation application form that includes basic company information such as company name, business type, and headquarters address.

Copies of passports

• Details: Submit clear copies of passports of all proposed partners and directors of the company.

Personal photos

• Details: Submit recent passport size photographs of all partners and directors.

workplan

• Details: Preparing a detailed business plan that explains the company’s objectives, commercial activities, strategies followed, and financial expectations.

Office lease contract

• Details: Provide a copy of the lease contract for the office or facilities that the company will use in the free zone.

The company’s articles of association

• Details: Prepare and submit the company’s Articles of Association (AOA) that define the company’s structure, rights and duties of partners, and administrative rules.

Our company’s role in establishing a company in the free zone

Establishing a company in the Dubai Free Zone in cooperation with Itqan Company represents a strategic step that opens doors to many unique advantages that enhance the chances of success and commercial growth. Through cooperation with Itqan Company, investors can benefit from its extensive experience in the field of establishing companies and its deep understanding of the required legal and administrative procedures. In the Dubai Free Zone, these advantages make establishing a company in this region a feasible decision in the long term

One of the main advantages is full ownership of the company, as foreign investors can take full control of their company without the need for a local partner. This enhances the companies’ independence and allows them to focus on their growth strategies directly and effectively.

Tax exemptions are a major advantage, as companies are exempted from taxes on income and profits for specific periods of time. This enhances profitability and enables companies to reinvest their profits in expanding their business and achieving further growth.

Finally, government support and support services provided to companies in the free zone are among the most important advantages, as the government provides a set of incentives and services that help companies succeed and expand, starting from legal and administrative consultations to financial support and financing.

In cooperation with Itqan Company, investors can fully benefit from these advantages, as the company provides the necessary support to ensure that companies are established smoothly and efficiently. This cooperation ensures achieving business goals and making the most of the investment opportunities available in the Dubai Free Zone.

Frequently asked questions about establishing a company in the free zone