Establishing a company in the Dubai Free Zone is an ideal strategic step for those wishing to take advantage of the many investment opportunities in one of the fastest growing markets in the world. Dubai features advanced infrastructure and a supportive business environment that makes it an attractive destination for investors from all over the world. Dubai free zones offer a wide range of benefits that contribute to business success, such as full tax exemption on profits and personal income, full foreign ownership of companies, and fast and flexible incorporation procedures.
Itqan Company also works to provide comprehensive support to investors wishing to establish their companies in free zones in Dubai , by providing professional consultations and integrated services that include preparing the required documents, legal and administrative guidance, and providing solutions that meet the needs of each investor individually. Establishing a company in one of the free zones in Dubai represents an important step towards achieving success and prosperity in a thriving global market, and this choice is one of the best decisions that any ambitious investor can make.
Establishing a company in the Dubai Free Zone is a popular option for many investors and businessmen. Free zones are specialized zones that provide a favorable environment for business and provide competitive advantages to the companies located there. In this article, we will review some of the basic requirements forestablishing a company in Dubai .
- Choosing the appropriate free zone: There are also many free zones in Dubai, such as Jebel Ali, Jebel Ali Industrial Estate, Dubailand, and Dubai Maritime City. Investors must choose the appropriate free zone according to the company’s activity and needs.
- Submitting a registration application: Investors must also submit a registration application to the competent authorities in the free zone. The application includes submitting required documents such as a copy of the passport, registration form, business plan, and other important documents.
- Choosing the legal type of company: Then the free zones in Dubai provide many legal options for companies such as the limited company, the consolidated company, and the individual company. Investors should choose the right legal type for their company based on their business needs and goals.
- Required capital: Therefore, the capital required to establish the company must be provided in accordance with legal requirements. The required capital varies depending on the type of company and local laws. There may be a need to deposit capital into the company’s designated bank account.
- Obtaining licenses and permits: Investors must also obtain the necessary licenses and permits to practice commercial activity in the free zone. Licenses can include a business license, construction license, industry license, and other activity-specific permits.
Benefits of establishing a company in the free zone in Dubai
Establishing a company in the Dubai Free Zone carries many benefits that make it an attractive option for investors and entrepreneurs. Here are some key benefits:
- Full Foreign Ownership: Foreign investors can then own the entire company without the need for a local partner, giving them complete control over the management of their business.
- Tax exemptions: Free zones also provide tax exemptions on income and profits for a period of up to 50 years, in addition to not imposing taxes on import and export.
- Customs exemptions: Companies in free zones are also exempt from customs duties on imports and exports, which reduces operating costs.
- Ease of establishment and quick procedures: Free zones are also characterized by quick and simplified establishment procedures, with the availability of support and assistance services to complete all transactions smoothly.
- Advanced infrastructure: The free zones provide a modern and advanced infrastructure that includes logistical facilities, ports, airports, and commercial and industrial centers.
Therefore, establishing a company in the Dubai Free Zone provides an ideal environment for growth and expansion, while providing many facilities and benefits that help companies achieve sustainable success.
Types of companies available in free zones
Type of Company | the description | features |
---|---|---|
Limited Liability Company (LLC) | A company that has a separate legal personality from its founders, where the partners’ liability is limited to the invested capital. | Personal asset protection, flexibility in business management, suitable for small and medium businesses. |
Branch of a foreign company | A branch of a foreign company located outside Dubai operating within the free zone. | No need for new capital, we can benefit from the business reputation of the parent company. |
Representative office | An office that represents the parent company and does not carry out any direct commercial activities. | It allows conducting market research and building business relationships without getting involved in trading. |
Individual Foundation | A company owned and operated by one individual. | Ease of establishment and management, complete control by the owner. |
Joint venture (JV) | A partnership between two or more companies to achieve a specific business goal. | Sharing resources and risks, opportunities for growth and expansion. |
Free company | A company registered in a designated free zone and enjoying flexibility in business operations. | Tax and customs exemptions, 100% foreign ownership. |
Free Zone Enterprise (FZE) | An institution owned by one person, operating in the free zone. | 100% foreign ownership, flexibility in operations. |
Free Zone Company (FZC) | A company can be owned by more than one person or legal entity. | 100% foreign ownership, flexibility in distributing shares. |
These types of companies then allow investors and entrepreneurs great flexibility in choosing the structure that best suits their business needs and goals.
Costs of establishing a company in the free zone
Establishing a company in the Dubai Free Zone requires several costs that can be classified into different categories. Below is an overview of the costs associated with establishing a company in a free zone without mentioning specific prices, as these costs can vary based on the free zone and the type of business activity:
- Registration and establishment fees:
as well as application submission and initial registration fees.
Also fees for approval of the trade name.
Then fees for the company’s articles of association and articles of association. - License fees:
and therefore the fees for issuing a commercial license.
Also, the commercial license renewal fees (annual). - Office or commercial space rental costs:
Then rent the office or space in the free zone.
Also the costs of additional services such as electricity, water and maintenance. - Insurance costs:
as well as health insurance for employees.
Hence, insurance on the office or property. - Costs of legal and administrative services:
Therefore, fees for legal and administrative consultations.
Then the costs of preparing and documenting legal documents. - Visa and residency fees:
and therefore fees for obtaining work visas for employees.
In addition to the residency fees in the Emirates for the company’s employees.
Therefore, these costs represent the basics required to establish a company in the free zone , and investors must plan them carefully to ensure the success of their project.
Choose the appropriate free zone for your business
Choosing the right free zone for your business in Dubai is a crucial step that contributes greatly to the success of your project. This choice depends on several factors, including the type of business activity, the required infrastructure, available services, and the privileges offered by each free zone. Here are some guidelines to help you decide:
- Determine the type of business activity:
Then trade and distribution. If your main activity is related to trade and distribution, Jebel Ali Free Zone (JAFZA) may be the most suitable option due to its proximity to Jebel Ali Port, one of the largest ports in the world.
Therefore, Technology and Media Dubai Internet City (DIC) and Dubai Media City (DMC) provide an ideal environment for companies working in the field of technology and media, thanks to the advanced infrastructure and collaborative environment.
As financial services, the Dubai International Financial Center (DIFC) is the ideal choice for financial and investment companies thanks to regulations and laws that comply with international standards.
Then Industry and Manufacturing Dubai South Free Zone (Dubai South) provides ideal infrastructure for light and heavy industries near Al Maktoum International Airport. - Infrastructure and Facilities:
As well as office space, ensure the availability of office space suitable for your business, whether small offices for startups or large offices for large companies.
Also warehouses and storage If you need storage space, check the availability of warehouses and logistics facilities.
Therefore, the proximity of the free zone to ports and airports contributes to improving logistical efficiency and reducing costs. - Concessions and facilities:
Then tax exemptions. Most free zones offer tax exemptions, but they vary in terms of duration and scope, so check the details of each zone.
In addition to the establishment procedures, some free zones offer faster and more flexible establishment procedures. Check the time it takes to complete incorporation and the associated costs. - Labor and visas:
In addition to the ease of hiring labor, make sure that the free zone provides facilities in issuing work visas and residency.
Also, availability of skilled workers. Check the availability of the skilled and specialized workers that your company needs in the surrounding area.
By choosing the appropriate free zone based on these factors, you can ensure that the infrastructure and services available suit the needs of your business, which facilitates the establishment process and contributes to the success of your company.
Our service in establishing your company in the free zone in Dubai
Itqan Company offers a comprehensive range of services for establishing your company in the Dubai Free Zone, ensuring a smooth and efficient process. Here’s a look at the services they provide:
- Legal and commercial consultations:
Then providing legal advice on the requirements for establishing companies in free zones.
Moreover, we help you choose the most appropriate legal structure for your company (limited liability company, branch company, representative office, etc.). - Choosing the appropriate free zone:
It will also help you choose the most appropriate free zone for your business, whether it is the Jebel Ali Free Zone, Dubai Internet City, Dubai Airport Free Zone, and others. - Preparing and submitting documents:
Then preparing all the necessary documents to establish the company, such as the application form, articles of incorporation, articles of association, copies of passports, etc.
Submitting applications on your behalf and following up on procedures with the relevant authorities. - Obtaining licenses and permits:
We also provide services for obtaining the licenses and permits required to operate your company in the free zone.
Also ensure compliance with all local regulations and legal requirements. - Company establishment services:
Then officially register the company in the commercial registries of the selected free zone.
And thus arrange the signing of the necessary contracts and documentation procedures.
Itqan Company also aims to provide all the necessary services to establish and operate your company in the Dubai Free Zone, allowing you to focus on growing your business and achieving your business goals.
Dubai Free Zone
In conclusion, establishing a company in the Dubai Free Zone represents a unique opportunity to benefit from a developed business environment that supports growth and innovation. Dubai’s strategic location and world-class infrastructure, in addition to advanced and flexible legislation, make the free zones a preferred destination for entrepreneurs and investors from around the world. The advantages offered by these areas, such as tax exemptions and administrative facilities, enhance their attractiveness as an ideal destination for establishing companies and achieving commercial success.
Itqan Company is also a reliable partner in this journey, providing the necessary experience and knowledge to guide entrepreneurs through the process of establishing companies in free zones. Itqan’s commitment to providing the best solutions and services enhances the chances of project success and achieving clients’ strategic goals.
Then, making the decision to establish a company in the Dubai Free Zone means entering a vibrant and growing global market, and benefiting from all the competitive advantages that Dubai also offers. Whether you aspire to expand your business or start a new project, Dubai’s free zones provide an ideal environment to achieve these ambitions. Then with the help of trusted partners like Itqan , you can turn your vision into reality and achieve success in the dynamic business world of Dubai.
Frequently asked questions about establishing a company in the Dubai Free Zone
1. What are the free zones in Dubai?
Free zones in Dubai are special economic zones designed to encourage foreign investment by providing economic and financial facilities such as tax exemptions, customs facilities, and 100% freedom of ownership by foreigners.
2. What types of companies can be established in the free zone?
- Different types of companies can be established in the free zone,
- Including: Limited Liability Companies (LLC)
- Subsidiary companies
- Representative offices of individual institutions
3. What are the advantages of establishing a company in the Dubai Free Zone?
- Some key advantages include:
- Complete tax exemption on income and profits for up to 50 years
- 100% freedom of foreign ownership
- No restrictions on repatriation of capital and profits
- Easy access to international markets
- Advanced infrastructure and government support
4. What are the basic steps to establish a company in the free zone?
- Steps include:
- Choose the appropriate free zone
- Determine the type of business and company
- Submit the application and necessary documents
- Obtaining approvals and licenses
- Rent an office or work space in the free zone
- Opening a bank account for the company
5. What are the documents required to establish a company in the free zone?
- Required documents may include:
- Establishment application form
- Copy of passports of shareholders and directors
- workplan
- The company’s articles of incorporation and articles of association
- Proof of address