Cost Establishing a company in the Dubai Free Zone Establishing a company in the Dubai Free Zone is an important strategic step for entrepreneurs and investors who seek to benefit from the open and flexible economic environment offered by the free zones. Establishing a company in these areas is an ideal option to achieve success and save many potential costs. In this context, Itqan Company cooperates with clients to provide the necessary support and plan appropriate strategies to establish the company with the lowest possible cost of establishing a company in the free zone and the highest efficiency.

In addition to financial planning and legal advice, the cost of setting up a company in the Dubai Free Zone includes several basic elements. These costs include company registration fees, rent costs for office or industrial space, and the costs of insuring the property and equipment needed to start the business. The process may also require additional costs to set up the company such as engineering consultancy and brand design.

Cost of establishing a company in the Dubai Free Zone

Through its partnership with Itqan, customers can benefit from cost reductions through direct negotiation with suppliers and partners in the free zoneIn addition, the company provides integrated services that include strategic planning and financial consulting to ensure success and sustainability in the local and international market. Ultimately, investing time and effort in establishing a company in the Dubai Free Zone reflects a strategic investment for the future, as it can lead to financial gains and sustainable business growth.

Fees required to obtain a work permit in the free zone

The cost of obtaining a business license in the Dubai Free Zone varies based on several factors, including the type of company, business activity, required space, and additional services desired. The cost of obtaining a business license in the Dubai Free Zone usually includes the following items:

• Company registration fees: The fees include company registration, receipt of the certificate of incorporation and related documents. These fees may vary depending on the type of company and its legal structure.
• Business License Fees: It depends on the type of business you want to do. There may be different categories of businesses, and each category may carry specific fees.
• Professional permit fees: If you plan to practice a specific profession that requires a professional permit, there may be a fee to obtain that permit.
• Contract and visa fees: There may be fees associated with employment contracts and visas for foreign employees, and these fees vary depending on the number of employees, their nationalities and the details of the contracts.
• Rental and real estate services fees: Renting an office or commercial space in the free zone may require additional rental fees and real estate service fees.

Steps to establish a company in the Dubai Free Zone

Establishing a company in the Dubai Free Zone requires following certain procedures. Here are the general steps to establish a company in the Dubai Free Zone:

1. Select company type: Before starting the process, you must determine the type of company you wish to establish, whether it is a sole proprietorship, limited liability company, one-person company, or other.
2. Select business activity: The business activity of the company that you wish to practice in the free zone must be specified.
3. Get the license: After determining the type of company and its activity, you must obtain the appropriate license from the competent government authorities in the free zone.
4. Submitting documents: Establishing a company requires submitting a set of documents to the competent authorities, such as a registration application form, a social contract form, a shareholder list form, and other required documents.
5. Payment of fees: The required fees must be paid to register the company and obtain the license.
6. Establishment of the company: After fulfilling all conditions, submitting documents and paying fees, the company is officially established and registered in the free zone.
7. Open bank account: The company must open a bank account to carry out financial and commercial operations.
8. Insurance: The company must obtain appropriate insurance for employees, equipment and other property.
9. Registration with other government agencies: Some companies may require registration with other government agencies depending on their activity, such as the Department of Economic Development or the Civil Aviation Authority if the company operates in the aviation sector, etc.
10. Legal Compliance: The Company shall comply with all relevant local laws, regulations and international agreements.

Types of companies that can be established in the free zone

Free zones or special economic zones are a preferred environment for establishing many types of companies and businesses. The companies that can be established in a free zone depend on local laws and regulations. Below are some of the types of companies that can be established in a free zone:

• Commercial companies: Commercial companies can be established to supply and distribute various products and goods, whether local or for export and import.
• Industrial companiesManufacturing and production companies can be established in the free zone, where benefits such as tax exemptions and customs facilities are provided.
• Logistics companies: Logistics companies can be established to provide shipping, warehousing and distribution services in the free zone, where advanced transportation infrastructure and logistics facilities are provided.
• Technology companies: Technology companies can be established to develop and provide technology solutions, software and related services.
• Financial companies: Financial companies such as banks, insurance and investment companies can be established in the free zone, as a suitable environment for financial activities is provided.
• Consulting firms: Consulting firms can be established in areas such as management, finance, marketing and investment, to provide consulting services to other companies.

Government fees required to register a company

Government fees required to register a company vary from country to country and depend on the type of company and local laws. Government fees typically include the following items:

• Company registration fees: There are fees for registering and establishing a company in the local commercial registers. These fees are collected when submitting the application for registration and incorporation of the company.
• Activity license fees: In some countries, operating some types of businesses requires a business license. A fee is charged for this license.
• Customs and Taxes: If the company exports or imports goods, customs duties and taxes may be imposed on the imported or exported goods.
• Social insurance and health insurance fees: In some countries, setting up a company requires monthly or annual social insurance contributions for employees.
• Lawyer and consultant fees: You may need to consult an attorney or legal advisor to prepare and review legal documents related to the establishment of the company, and consulting fees may be charged for these services.
• Support and development fund fees: Sometimes, a small fee is charged that goes to local support and development funds to promote investment.

Annual fees and taxes for companies in the free zone

Annual fees and taxes required for companies in the free zone Dubai It varies depending on the country and the specific free zone. It is important to remember that free zones typically provide a favorable business environment with tax breaks and low or no fees to attract investments, however, the fees and taxes applicable can vary significantly depending on local legislation and government policies. Annual fees and taxes required for companies in a free zone may include the following items:

• Income tax: Companies may have to pay income tax on their profits. Reduced income tax rates or tax exemptions may apply in the free zone to attract investments.
• Investment fees: The free zone may require annual fees or investment fees for companies located there.
• Land and property fees: Fees may apply to land and properties used by the company in the free zone.
• Labor fees: The free zone may require fees to be paid for hiring local or foreign workers.
• Service fees: Services provided in the free zone may include additional fees such as logistics and infrastructure.
• Intellectual property fees: If the company owns intellectual property rights such as patents and trademarks, there may be fees associated with these rights.

Advantages of establishing a company in the Dubai Free Zone

Establishing a company in a free zone in Dubai offers a range of advantages that make it an attractive option for investors and entrepreneurs. Here are some of the key benefits of establishing a company in a free zone in Dubai:

1. Full foreign ownership:
   • Foreign investors can benefit from full ownership of their companies without the need for a local partner. This allows for full control over the management of the company and independent decision-making.
2. Tax exemptions:
   • Companies in Dubai free zones enjoy income tax exemptions for specific periods of time, and tax exemptions are usually for international taxes as well, reducing the financial burden on startups.
3. Ease of incorporation procedures:
   • Company formation in the free zone is characterized by quick and simple procedures, making it easy for entrepreneurs to start business quickly and efficiently.
4. Fast Licenses:
   • Dubai free zones typically offer easy access to business licenses, reducing regulatory hurdles and making the process of getting started easier.
5. Advanced infrastructure:
   • Dubai\’s free zones have advanced infrastructure including airports, seaports, logistics facilities, and advanced transportation networks, which helps facilitate supplies and distribution for companies.
6. Freedom of money transfers:
   • Dubai\’s free zones allow for greater freedom in money transfers and international remittances, making it easier for businesses to deal with customers and suppliers across borders with ease.
7. Easy access to regional and global market:
   • Thanks to its strategic location, companies in Dubai free zones can easily access markets in the Gulf region, North Africa, South Asia, the Middle East and Europe.
8. Government support and financial facilities:
   • The Dubai government provides strong support to start-ups and medium-sized enterprises through various financial support programs and financial facilities, which helps enhance the growth and sustainability of companies.

In short, setting up a company in a free zone in Dubai provides a favorable and business-friendly environment, with a wide range of benefits including tax exemptions, easy incorporation procedures, and advanced infrastructure, making it an ideal choice for investors and entrepreneurs seeking success in a dynamic and vibrant business environment.

How can our company help you know the cost of establishing a company in the Dubai Free Zone?

Ultimately, setting up a company in a Dubai free zone is a strategic investment that requires careful consideration of the potential costs and benefits. By partnering with Etqan, investors can achieve this goal efficiently and effectively.

It is important to understand that the cost of setting up a company in the Dubai Free Zone varies depending on the type of company and the services required, but thanks to the expertise and careful strategy of Itqan, investors can accurately estimate these costs and plan for them appropriately.

By providing the necessary support and strategic advice, Itqan helps reduce excess costs and maximize added value for its clients. Drawing on its expertise and trusted partnerships in the Dubai Free Zone, the company provides the tools and resources needed to build successful and sustainable businesses.

In short, establishing a company in the Dubai Free Zone represents a great opportunity for investors, and by working with Itqan Company, this opportunity can be achieved efficiently and at the lowest possible cost, which contributes to achieving success and sustainability in business.

Frequently asked questions about the cost of setting up a company in the Dubai Free Zone: