Dubai is considered a leading destination for establishing companies in the free zone, as it provides a unique investment environment that combines advanced infrastructure and flexible legislation. Dubai’s free zones give companies complete freedom to own assets and manage businesses without the need for a local partner, which enhances the attractiveness of these zones for global investors. Itqan Company aims to facilitate the process of establishing companies in free zones by providing comprehensive services that support investors in all stages of establishing and developing their businesses. In this article, we will discuss the advantages of establishing a company in the free zone in Dubai.

The conditions required to establish a company in the free zone include a set of legal and regulatory requirements that ensure companies adhere to local and international standards. These conditions include registering the company with the competent authorities and obtaining the necessary licenses to practice commercial activities. In addition, establishing a company requires defining the company’s activity, paid-up capital, and presenting a clear business plan that highlights the project’s goals and growth strategy.

By cooperating with Itqan Company, investors can benefit from the expertise of a team specialized in the field of establishing a company in Dubai , ensuring them a smooth and successful experience in the dynamic business environment of this global city. Itqan provides customized solutions that meet the needs of investors and help them achieve their goals efficiently and effectively.

Advantages of establishing a company in the free zone in Dubai

Establishing a company in the Dubai Free Zone provides many advantages and benefits to businessmen. Here are some key features:

1. Benefiting from advanced infrastructure: Dubai’s free zones also provide advanced infrastructure, including modern sites, buildings, logistical facilities, and advanced transportation. This facilitates production, distribution and international trade processes.
2. Customs facilities: Then the free zones in Dubai provide distinct customs advantages, such as not imposing customs duties on import and export and not imposing taxes on goods and services traded within the free zone. This helps achieve important financial savings and increase the company’s competitiveness.
3. Liberal Legislation: Free zones in Dubai also enjoy liberal commercial and tax legislation, which facilitates conducting business and contributes to achieving growth and profitability. These legislations also provide protection for investors and companies in free zones.
4. Benefiting from multinational workers: Therefore, Dubai is a destination for many skilled, multinational workers from different parts of the world. Companies in free zones can benefit from this diversity and employ highly qualified and distinguished talents.
5. Freedom to own assets: Free zones in Dubai then allow investors to fully own the assets in their companies without the need for a local partner. This enhances confidence and provides independence in making strategic decisions.
6. Ease of administrative procedures: The business system in free zones is also characterized by simple and easy administrative procedures. Fast and efficient services such as company registration, establishing a bank account and issuing licenses are provided.
7. Access to the regional and global market: Dubai also enjoys an excellent strategic location and is connected to a wide network of roads, ports and airports. This provides opportunities for companies in free zones to access regional and global markets easily, helping to expand business and increase business opportunities.

It is worth noting that these features depend on each specific free zone in Dubai, and some details and arrangements may differ from one region to another. Therefore, it is advisable to check the requirements and benefits of the specific free zone in which you wish to establish your company.

Conditions for establishing a company in the free zone in Dubai

Conditions for establishing a company in the Dubai Free Zone may differ slightly between different free zones. However, there are some general conditions that may be required for company establishment in the Dubai Free Zone :

1. Trade activity: You must also determine a specific commercial activity for your company and ensure that it is permitted in the free zone. Permitted activities vary between free zones, and some specialize in certain fields such as technology or industry.
2. Percentage of ownership: Free zones in Dubai may also provide the possibility of establishing a company owned 100% by foreigners (the 100% foreigner company). However, there may be some specific industries that require a certain percentage of local partners. You must check the laws of each free zone to find out the required percentages.
3. Capital: Then Dubai free zones may require a minimum capital to set up the company. The level of capital required varies depending on the business activity and type of company required.
4. Physical Office: Therefore, there may be requirements regarding having a physical office address in the free zone. The company must have a physical office in the free zone, and there are options to rent ready-made offices or co-working spaces.
5. Required documents: You will also need to submit a set of documents to establish the company in the free zone. These documents include a copy of the shareholders’ passport, registration form, business plan and required agreements. The documents required may vary based on the type of company and the selected free zone.
6. Licenses and permits: You may also need to obtain specific licenses and permits depending on the company’s activity. These include general and professional licenses, construction licenses, industry licenses, and service licenses. You should check your local laws and regulations to learn more about what licenses are required.

Main benefits of establishing a company in a free zone

Establishing a company in the Dubai Free Zone comes with several key benefits that make it an attractive option for entrepreneurs and investors. Here are the most important benefits:

1. Full foreign ownership
   Foreign investors also have the right to own their company 100% without the need for a local partner.
2. Tax exemptions
   in addition to exemption from taxes on companies and personal profits for long periods of up to 50 years, with the possibility of renewal.
   Then there is no tax on import and export within the free zone.
3. Transferring profits and capital freely.
   There is also the freedom to transfer profits and capital outside the Emirates without any restrictions.
4. Advanced infrastructure
   Free zones also provide advanced infrastructure that includes ready offices, industrial facilities, and modern warehouses.
   Thus, strong logistical support and integrated services facilitate daily business operations.
5. Simplified and quick establishment procedures
   Also, easy and fast establishment procedures compared to traditional procedures outside free zones.
   Then support from the administrative bodies in the free zone to facilitate the start of business.
6. An encouraging business environment,
   in addition to a vibrant business community with opportunities to network with international and local companies.
   Continuous trade events and exhibitions provide the opportunity to promote business and build a strong network of business relationships.

Establishing a company in the Dubai Free Zone provides an ideal environment for business thanks to the numerous facilities and exemptions and integrated support, making it an attractive option for investment and expansion in regional and international markets.

Types of companies that can be established in the free zone

You can choose the type of company that best suits your business needs based on the number of shareholders, the size of capital, and the nature of the business you wish to engage in. Establishing a company in the free zone provides you with many competitive advantages, which helps in achieving success and growth in an encouraging business environment.

Can I move my company from Dubai to the free zone?

Yes, it is possible to transfer a company in Dubai to a free zone, but this process requires following specific procedures and complying with the laws and regulations in force in Dubai and the target free zone. Here are the basic steps you may need to follow to move your company:

1. Initial assessment and planning
   as well as legal advice: Obtain legal advice to understand the requirements and procedures for transferring the company.
   Also financial evaluation: Evaluation of the financial cost of transportation, including required fees and any additional costs.
   Then logistical planning: planning how to move assets, property, and employees.
2. Coordination with the Department of Economic Development (DED)
   and thus canceling the current license: Cancellation of the current commercial license issued by the Department of Economic Development in Dubai.
   Then liquidate liabilities: settle all financial obligations, including debts, rents, and taxes.
3. Registering in the free zone
   and choosing the appropriate free zone: Choosing the free zone that suits your company’s activity.
   Submit the application: Submit an application to register the company in the free zone, submitting all required documents such as passports, lease contracts, business plans, etc.
   Then pay the fees: Pay the fees required for the registration process in the free zone.
4. Obtaining approvals
   as well as the approval of the competent authorities: Obtaining the necessary approvals from the competent government authorities in both Dubai and the free zone.
   Then register the company: Complete the process of registering the company in the free zone records.
5. Asset and employee transfer
   Asset transfer: Transfer of all assets and property to the company’s new headquarters in the free zone.
   Hence, visas and residency: updating work and residency visas for employees according to the new laws and regulations in the free zone.
6. Preparing operational processes
   and then preparing facilities: preparing offices, warehouses, or factories in the free zone in a way that suits the company’s activity.
   Transferring operations: starting operational operations at the new location after ensuring the readiness of all facilities.

Moving a company to the Dubai Free Zone can provide many benefits such as tax exemptions and full foreign ownership, enhancing the chances of success and growth in an encouraging business environment.

Establishing a company in the free zone in Dubai

Our role in establishing your company in the free zone

Itqan Company is one of the leading companies in the field of business establishment consultancy in Dubai, and provides a comprehensive course for establishing a company in the free zone. This course aims to provide comprehensive support to entrepreneurs and investors wishing to establish their companies in the free zones in Dubai. Here’s an overview of the steps for this course:

1. Initial consultation
   and therefore initial assessment: understanding the client’s needs and providing advice on the best options available in the free zones.
   Also choosing the free zone: helping the client choose the free zone most appropriate for his business activity based on the type of activity and its requirements.
2. Preparing documents
   and collecting the required documents: Assisting the client in collecting and submitting the required documents such as passports, signatures, business plans, and board of directors decisions.
   As application preparation: filling out official application forms and ensuring the accuracy of the information provided.
3. Submitting the application
   and subsequently submitting the application to the competent authority: Submitting all documents to the relevant free zone authority.
   We also follow up on procedures: follow up on the status of the request with the competent authorities and communicate with the customer about any additional requirements.
4. Obtaining approvals
   and also coordinating with government agencies: Coordinating with government agencies to obtain the necessary approvals.
   Then deal with any obstacles: Address any obstacles or questions that may arise during the approval process.
5. Registering the company
   and subsequently issuing the activity license: Receiving the business license from the free zone.
   Also, officially registering the company: registering the company in the official records of the free zone.
6. Preparing bank facilities
   as well as opening a bank account: assisting the client in opening a commercial bank account for the company.
   Then coordination with banks: providing the necessary facilities and coordination with local and international banks.

Itqan Company provides you with an integrated and comprehensive course to establish your company in the Dubai Free Zone, ensuring a successful and smooth start to your business.

Dubai Free Zone

In conclusion, establishing a company in the Dubai Free Zone is a strategic step that guarantees you access to a dynamic, diverse and thriving market. Dubai’s free zones provide a unique business environment that attracts investors and entrepreneurs from around the world thanks to the facilities and exemptions they grant, allowing them to achieve growth and sustainability in their businesses. Moreover, investors enjoy competitive advantages that include full ownership of the company, tax exemptions, and smooth procedures for managing their business.

Adhering to the conditions for establishing a company in the Dubai Free Zone ensures that you obtain all the available benefits and ensures that you start your business in the best possible way. It is important to deal with reliable and experienced partners such as Itqan Company , as they can provide the necessary support and professional guidance to ensure that your business goals are successfully achieved. Your choice to work in free zones reflects your ambition and strategy to benefit from one of the best investment environments in the world, which enhances your chances of success and expansion of your business at the local and international levels.

Frequently asked questions about the advantages of establishing a company in the Dubai Free Zone