Establishing a company in the free zone at the lowest costs, Itqan Company provides you with the ideal opportunity to achieve this. By providing company establishment services in the free zone at the lowest costs, Itqan Company seeks to support entrepreneurs and investors in achieving their goals easily and effectively.

Establishing a company in the free zone at the lowest costs is considered an important strategic step to enjoy many advantages, such as tax exemptions, ease of export and import, access to a global market, and other available investment opportunities. The Lowest Costs Free Zone is an ideal choice for beginners in the world of entrepreneurship who are looking for an easy and affordable start.

Through this article, we will explore how to establish a company in the free zone at the lowest costs, and the steps necessary to achieve this, in addition to reviewing some valuable tips and guidance that can help you achieve sustainable success in your entrepreneurial journey. 

Establishing a company in the free zone at the lowest costs

Establishing a company in the free zone at the lowest costs

Establishing a company in the free zone at low costs represents a smart strategic step for beginners and entrepreneurs who seek to start their project at the lowest possible cost. Here are some steps you can take to achieve this:

1. Search for the appropriate free zone: Search for the free zone that provides the appropriate infrastructure for your business at the lowest costs. Look for areas that offer tax breaks and low establishment fees.
2. Choosing a company type: Select the company type that is appropriate for your needs, such as a local company, sole proprietorship, or joint-stock company, based on the nature of the business activity and investment.
3. Preparing the required documents: Prepare the required company incorporation documents and submit them to the official authorities in the free zone. These documents may include a company incorporation form, incorporation deeds, authorization documents, etc.
4. Pay fees and costs: Make sure you pay the required incorporation fees, including company incorporation, registrar, and other administrative fees.
5. Obtaining the necessary licenses: Make sure to obtain the necessary licenses and permits to practice your business activity in the free zone, such as a commercial license, building permits, and health and safety.
6. Establishing a bank account: Open a bank account for the company in an approved local bank, and ensure that all conditions required for this purpose are met.
7. Signing the necessary contracts: After completing all legal procedures, sign the necessary contracts with the relevant authorities in the free zone.
8. Starting work: After receiving the license and completing all procedures, you can start practicing your business in the free zone at the lowest costs.

What is the free zone in the UAE? 

Free zones in the UAE are designated economic zones that provide an encouraging environment for business and investment. These zones provide a range of benefits and privileges to companies and investors, such as tax exemptions, customs facilities, advanced infrastructure, and simple administrative procedures.

Free zones usually run their own authorities aimed at attracting investment and promoting economic growth. It includes free zones in the Emirates such as Jebel Ali Free Zone, Dubai Free Zone , Abu Dhabi Free Zone, and other free zones in the Emirates.

These areas constitute an ideal environment for companies wishing to expand their business in the UAE and the surrounding region, and provide investment opportunities in a variety of sectors such as logistics, manufacturing, technology, financial services, real estate, and others.

Costs required to establish a company in the free zone

The costs of establishing a company in a free zone vary depending on several factors such as the type of company, the size of the planned business, the free zone chosen, and the services provided by the free zone. Here are some estimated costs that may be involved in setting up a company:

1. Registration fees: These fees include the basic registration fees for the company in the free zone, which vary depending on the type of company and local laws.
2. License fees: Some free zones may require additional fees to obtain specific licenses such as industrial, commercial, or service licenses.
3. Administrative services fees: These fees may include annual fees for administration and maintenance within the free zone, and fees for other administrative services.
4. Real estate costs: You must rent or buy space for the company’s headquarters within the free zone, and real estate costs vary depending on the location of the free zone and the size of the space required.
5. Labor costs: These costs include employee salaries, health insurance costs, and social insurance, and vary according to the size of the company and the number of employees.
6. Costs of legal and accounting advice: You may need to retain legal and accounting advisors to help you prepare legal documents and registration procedures.
7. Marketing and advertising costs: These costs include creating a website, digital marketing campaigns, and external advertising, and can be variable depending on the marketing strategy chosen.
8. Daily Operations Costs: You must take into account daily operations costs such as electricity, water, maintenance, cleaning, etc.

Legal permits necessary to establish a company in the free zone

When establishing a company in a free zone in the UAE, you may need to obtain the following legal licenses and permits:

1. Company license: It is the basic license that allows the company to practice its commercial activity in the free zone. It is obtained from the local authority or the competent regulatory authority.
2. Building and construction permit: If the company plans to build facilities or buildings on the site that has been allocated to it, it may need a building and construction permit from the local authorities.
3. Profession or activity licenses: This depends on the company’s activity, and professional licenses must be obtained for the proposed activity, whether commercial, industrial, service, or otherwise.
4. Work permits: Work permits must be obtained for employees working in the company, and this is done through the human resources procedures in the relevant emirate.
5. Environmental and health permits: If the company operates in an area that requires compliance with environmental and health standards, it may need special permits in this regard.
6. Advertising and Publicity Permits: A company may need permits to display banners or to conduct advertising campaigns.
7. Transportation and distribution permits: If the company is in the field of distribution or transportation, it may need special permits for this

Advantages of establishing a company in the free zone 

Establishing a company in the free zone provides investors with many advantages and benefits, including:

• Tax exemptions: Free zones often provide tax exemptions on income, profit and customs taxes, making it easier for companies to achieve high levels of profitability.
• Facilitated registration procedures: Free zones offer simple and easy registration procedures for establishing companies, which reduces the costs and time required to start a business.
• Customs facilities: Free zones provide customs facilities, such as not imposing duties on import and export, and facilitating customs procedures, which helps speed up import and export processes and reduce costs.
• Advanced infrastructure: Free zones provide advanced infrastructure that includes logistical, storage and transportation facilities, in addition to communications and energy services, which facilitates production and distribution operations.
• Easy access to the regional market: Thanks to their strategic location, free zones allow companies easy access to the Middle East, Africa and Asian markets, enhancing opportunities for trade and international expansion.
• Availability of skilled workers: Free zones provide a developed and suitable work environment that attracts skilled workers of different nationalities, which contributes to achieving success and innovation in business.
• Government support: The local government provides support and assistance to companies operating in free zones, including incentive programs and technical and financial support, which enhances the stability and growth of companies.
• Diverse business environment: Free zones offer investment opportunities in a variety of sectors such as manufacturing, logistics, technology, tourism, and retail, providing multiple options for companies to achieve success and expansion.

Legal permits necessary to establish a company in the free zone

Guidelines for successfully establishing a company in the free zone at the lowest costs

Establishing a company in the free zone at the lowest costs can be a possible task if some guidelines are taken into account. Here are some tips to achieve this goal:

1. Market study and business research: Study the local market and the demand for the services or products you plan to provide. This helps you make informed decisions about which businesses the company should focus on.
2. Choosing the right business: Select the company\’s activity carefully, make sure it matches your experience and interests, and must have demand in the local market.
3. Choosing the right location: Look for a free zone that offers features such as low establishment fees, government facilities, and developed infrastructure.
4. Determine the right organizational structure: Determine the company structure based on business needs and future goals. Establishment can be done individually or with the participation of partners.
5. Get legal advice: Ensure compliance with local legislation and government regulations. Local legal consultants can help you understand the legal procedures and requirements.
6. Choosing the right business name: Choose a unique and attractive name for your company, and make sure it is compatible with local laws and not previously registered.
7. Providing the necessary capital: Determine your financing requirements and ensure the availability of the necessary capital to establish and operate the company in the free zone.
8. Follow the correct administrative procedures: Fill out and submit all necessary documents to obtain the necessary licenses and permits from the relevant government agencies.
9. Focus on marketing and brand building: Create an effective marketing plan to promote your services or products, and build a strong brand to attract customers.
10. Develop good relationships with customers and local partners: Strong relationships help build a good company reputation and enhance future business opportunities.

At the conclusion of our article, we talked about establishing a company in a free zone, which can be a fruitful option for many entrepreneurs who are looking for a successful start at low costs. If the process is planned carefully, this goal can be achieved easily and effectively. You must first determine the type of activity and company you wish to establish, then check the local laws and regulations of the specific free zone. After that, an application can be submitted to obtain the necessary licenses and establish the company. Costs for rent, labor and other services should also be considered to ensure they fit within the budget. With good planning and choosing the right options, entrepreneurship with minimal costs can reach a prosperous and sustainable business environment in the free zone.

The most important frequently asked questions about establishing a company in the free zone