Establishing a company in the Dubai Free Zone is considered an important strategic step for many entrepreneurs and startups, as this opportunity provides an ideal operating environment for growth and expansion. Dubai Free Zone is one of the most attractive free zones for businesses in the world, thanks to its flexible legislation and supportive economic climate. One of the companies that can be used to establish a company in the Dubai Free Zone is Itqan Company, which is a company specialized in providing company establishment and business management services. Itqan Company is distinguished by its extensive experience in this field and by a professional team that can assist clients in all stages of establishing the company, from choosing the appropriate economic activity to completing all required legal and administrative procedures. By hiring Itqan, investors can receive professional guidance and specialized support to ensure that their company is established efficiently and smoothly, making it easier for them to enter the business market in Dubai and achieve sustainable success.
What is the free zone?
The term free zone varies in meaning and definition depending on the type of free zone, but most of the time the term free zone expresses a geographical area where goods are stored, stored, manufactured, marketed and re-exported according to a known and defined customs system, but are not subject to customs. Homework. Free zones are also facilities that are completely independent from the country’s laws, which are not subject to the country’s trade laws and do not require a sponsor. A company based in the free zone can be owned by a person of another nationality without the need for a UAE national partner.
Establishing a company in the free zone
The UAE features more than 40 free zones as well as a few built-up areas. Therefore, starting a business in a free zone is one of the difficult things for an investor as it is difficult to choose among many regions and hence our company due to its extensive experience in corporate governance. It helps many investors choose the appropriate free zone for their business activity and helps establish and establish a free zone company in the shortest possible time and at the lowest cost.
Starting a business in Dubai Free Trade Zone
Starting a business in Dubai Free Trade Zone is much easier than opening a business in Dubai, as it can be 100% owned by any nationality and UAE nationals do not need any partner or sponsor because the company is registered as an establishment, free zone company in the free zone or branch. Dubai Franca Business District or Representative Office.
In this case, the main company can be outside the UAE and does not have to be within the UAE. Companies located in the free zone are regulated by the competent authority in the free zone, which issues company licences. This depends on the location of the free zone and the activity derived from it. The type of license issued by the competent authority varies depending on the business activity. You can set up a company in the free zone by following a few steps, including:
- Agreeing on the trade name, as it is the name that distinguishes one company from another.
- Obtaining the company’s business license.
- Obtaining initial approval to start work.
- Commercial license registration.
- Complete the requirements for a commercial license and obtain it.
Advantages of establishing a company in the Dubai Free Zone
Free zones are economic zones characterized by flexible economic policies and laws aimed at encouraging investment and promoting economic growth. These areas provide an ideal business environment for small, medium and large companies, as they enjoy many advantages such as:
- Customs exemptions : Free zones allow the import and export of goods without imposing customs duties and general taxes.
- Flexible legislation : Free zones provide a flexible regulatory and legislative environment that allows companies to be established quickly and easily.
- Market Access : These regions provide opportunities for companies to access new markets and expand their operations.
- Advanced infrastructure : Free zones provide the necessary infrastructure to support corporate activities, such as ports, airports, roads and communications.
- Economic incentives : Some free zones offer financial and tax incentives to companies that invest in them.
In Dubai, there are many free zones designated for various economic sectors such as information technology, logistics, media, light industry, and financial services, providing diverse opportunities for companies that want to invest in Dubai.
Types of companies in the free zone
In Dubai’s free zones, you can establish several types of companies, and the choice depends on the type of business activity you want to engage in and your legislative and regulatory needs. Here are some common types of companies you can establish in free zones:
| Type | Description |
|---|---|
| Limited Liability Company (LLC) | A limited liability company, one of the most common types in free zones, can have international investors. |
| Branch company | A branch of an existing company outside the free zone, benefiting from the facilities provided by the free zone. |
| Private Company | A privately owned company, which can have international investors, and is fully responsible for its activity. |
| Holding Company | A company that owns shares in other companies, providing the opportunity to control more than one company under one umbrella. |
| Sole proprietorship | A corporation owned by one individual, gives the owner complete control of the company with unlimited liability. |
| Partnership company | A company established by two or more partners, where the partners share responsibility and profits |
These are just some of the common types of companies that can be established in free zones in Dubai, and you can get more information about other corporate structures and the legal requirements for each type of company structure by consulting with Itqan Company, which has great experience in the local field or searching online. .
Conditions for establishing a company in the free zone in Dubai
Establishing a company in the Dubai Free Zone requires compliance with certain conditions and requirements. These are some general conditions that may vary slightly depending on the type of company and the specific free zone:
- Company activity: The company’s activity must be determined and ensured that it conforms to the list of activities permitted in the free zone.
- Company name: You must choose a unique name for the company and ensure that it does not differ much from the names of other companies.
- Core Capital: There may be requirements for the core capital of a company, which can vary between free zones.
- Shareholders and Directors: The shareholders and directors of the company must be identified and their personal documents must be submitted.
- Necessary contracts and documents: The necessary contracts to establish the company must be prepared and signed, such as the social contract and the lease contract if the region requires it.
- Executive office: Some free zones may require an executive office to be rented for a specific period.
- Work Permit: A work permit must be obtained for employees working in the company.
These are the conditions for successfully establishing a company, but some details and requirements may differ based on the type of company and the chosen free zone. It is highly recommended to speak with a local to get accurate information on how to set up your company in the Dubai Free Zone.
The best company for establishing companies in the free zone
Our company works to help clients establish companies in the free zone, as it is the first company that works to reduce the investor’s effort and save him time, helping him complete all the required tasks, starting from choosing the location necessary to establish the company until obtaining the commercial license, and all of this is done with minimal costs. Cost: Our company always seeks to serve you, so do not hesitate to contact us to obtain many of the services provided by the company.
In conclusion of our article about establishing a company in the Dubai Free Zone , we reiterate the importance of this strategic step for investors and entrepreneurs. Dubai’s free zones offer an ideal business environment that combines modernity and innovation with flexible economic regulations, making it a preferred destination for many startups, medium and large companies.
By taking advantage of the distinguished services provided by companies such as Itqan, investors can overcome the challenges they may face during the company establishment process and enter the business market in Dubai with confidence and reassurance. Establishing a company in the Dubai Free Zone can be a great start to a bright future and sustainable success in the business world.
In short, establishing the company in the Dubai Free Zone represents a smart strategic step that opens broad horizons for growth and expansion, and enhances the chances of success for companies in this dynamic and innovative economic environment.
The most important frequently asked questions about establishing a company in the free zone
What are the basic steps to establish a company in the Dubai Free Zone?
Choose the type of company and commercial activity, submit the required documents, obtain the necessary licenses, and establish the company.
What are the expected costs of establishing a company in the Dubai Free Zone?
Costs vary depending on the type of company and free zone chosen, and include establishment, licenses, rents and labor costs.
What guarantees are available to investors in the Dubai Free Zone?
Companies in free zones enjoy protection of intellectual property rights, freedom to transfer profits, and no income taxes for a certain period.
What laws and regulations must be adhered to in the Dubai Free Zone?
Companies must adhere to the laws and regulations of the free zone authority, which vary depending on the company’s activity and the region.
Can foreign companies establish branches in the Dubai Free Zone?
Yes, foreign companies can establish branches in free zones in Dubai.
