We will learn how to establish a company in the Dubai Free Zone, because the Dubai Free Zone is one of the most prominent global destinations for entrepreneurship and investment, as this place is characterized by advanced legislation, advanced infrastructure, and attractive government facilities, which makes it an ideal home for establishing startups and expanding existing companies. In this context, Itqan Company is a strong strategic partner for individuals seeking to establish their companies in this thriving free zone.
Benefiting from your cooperation with Itqan Company in establishing a company in the Dubai Free Zone enhances your chances of practical success and provides you with the necessary support and advice. Itqan Company has extensive experience in the field of establishing companies and business management in Dubai, and is characterized by a qualified and specialized work team that helps you in all aspects of establishing and operating the company.
One of the most important benefits that come with collaborating with Itqan is access to local knowledge and experience. Understanding local legislation and regulations, learning about the market and potential customers is a crucial factor in the success of any company. Thanks to Itqan Company, you will have the source that provides you with the necessary information and guides you through the process of establishing and managing the company.
Types of company establishment in the free zone in Dubai
How to establish a company in the free zone
Establishing a company in the Dubai Free Zone is easier than establishing a company in the city of Dubai itself, as in the free zone you do not need a sponsor, and the ownership of the company can be for any nationality, and the company is registered as a free zone establishment or a branch of any office. There is no requirement to establish a company in The Dubai Free Zone must be the parent company within Dubai, but it may even be outside the Emirates entirely.
Dubai is characterized by many free zones, so it is difficult for an investor to choose the most suitable area to establish a company in the Dubai Free Zone, but we have sufficient experience and relationships in the free zones in Dubai, which qualifies us to help you establish a company in the Dubai Free Zone and clear all necessary papers and procedures. Feel free to contact us.
Steps to establish a company in the free zone
In order to take precise steps to establish a company in the Dubai Free Zone, you must cooperate with Itqan Company, which is one of the best leading companies in the field of establishing companies in the Free Zone. You can follow the following steps:
- Choosing an economic activity: Determine the type of activity you would like to practice, and make sure that it is allowed in the free zone.
- Choice of legal form: Choose between the form of limited company, sole proprietorship or joint venture.
- Choosing a trade name: Find a unique and appropriate trade name for your company and make sure it complies with the corporate naming rules in Dubai.
- Preparing documents: Prepare all the documents required to establish the company, such as the Emirates passport or passport, a copy of residency if you are a resident, and the company registration form.
- Submitting the application: Submit the company establishment application to the Dubai Free Zone Authority, and the application will be reviewed and processed.
- Pay Fees: Pay the fees required to establish the company, and be sure to follow any additional requirements.
- Obtaining a license: After approval from the competent authorities, you will obtain a license to practice commercial activity in the free zone.
- Open a bank account: Open a bank account in the company’s name to manage the company’s financial operations.
- Registration with the necessary government agencies: You may need to register with the government agencies necessary for your type of activity, such as taxes and customs.
These steps depend on the laws and procedures of Dubai in a certain period, so contact Itqan Company, which is considered one of the most famous companies working in this field in the Dubai Free Zone.
Types of companies in the free zone
Here is a table showing the types of company establishment in the Dubai Free Zone, in which we have explained each type of company with its description, which are as follows:
| Type of incorporation | the description |
|---|---|
| Sole proprietorship | It allows an individual to own and manage his or her own business without the need for another partner. The owner shall be fully responsible for all debts and losses. |
| Limited Liability Company (LLC) | A company consisting of partners who are liable to limited limits for the company’s debts and have the freedom to manage the company. |
| Limited Liability Company (FZ-LLC) | A limited liability company operating in a free zone, where the company and the two partners or founding shareholders of the company are the legal unit. This company has an administrative, economic and customs policy that is completely independent of the state. |
| Company | A branch of a company located outside the free zone, where the branch has an independent legal personality in its own right, but is not an independent legal entity. |
| Sole Proprietorship LLC | It allows an individual to individually own and manage his company, and the company has limited liability for debts and obligations. The owner must be a UAE citizen. |
| Free Zone Sole Proprietorship LLC | It allows an individual to individually own and manage his own company in the free zone. The company has limited liability for debts and obligations. The owner must be a UAE citizen. |
| Free Zone Sole Proprietorship | It allows an individual to individually own and manage his own company in the free zone, and the company enjoys great freedom in the laws related to establishment and operation. The owner must be a UAE citizen. |
| Shareholding company | The most common type of company is a joint-stock company, where shareholders own shares of capital and enjoy voting rights and dividends. Shareholders’ liability is limited to the value of the shares they own. |
| Limited Liability Company (FZ-LLC) | A limited liability company is a popular form of small and medium-sized businesses. Shareholders can be individuals or companies, and their liability is limited to the value of their equity shares. Shareholders need to prepare a memorandum of association that specifies the rules for managing the company and distributing profits. |
| holding company | The company acts as a shareholder in other companies and is not directly involved in commercial activities. Large companies can use the holding company form to effectively manage their investments. |
| Partnership company | It depends on a partnership between two or more people to manage and operate the company. |
Steps to establish a company in the Dubai Free Zone
Commercial license to establish a company in the free zone
A trade license in Dubai is essential for establishing companies and conducting business activities. There are several types of business licenses that investors can obtain, depending on the type of company and the scope of business you intend to do. The main business licenses in Dubai include:
- General commercial license: issued to joint-stock companies and individual companies, and allows the practice of all types of legally permitted business activities.
- Special commercial license: issued to professionals and small companies, and allows the practice of a specific activity or several specific activities.
- Industrial commercial license: issued to companies operating in the field of industry and manufacturing, and allowing the production of goods and products.
- Tourism commercial license: issued to companies operating in the tourism and travel sector, and allowing the organization of trips and the provision of tourism services.
- Professional commercial license: issued for liberal professions, technical professions, and other service professions, and allows the practice of the profession specified in the license.
- Virtual business license: issued to companies that do not need a physical office, and allows remote work.
To obtain a business license in Dubai , investors must submit an application to the Dubai Economic Development Department (DED), and the application is subject to approval after meeting all conditions and requirements. Among the basic conditions for obtaining a commercial license in Dubai are:
- Submit the necessary legal and financial documents.
- Accurately define the company’s activity and business scope.
- Providing a suitable commercial headquarters.
- Pay the required fees and specified financial deposits.
After obtaining the business license, the company must comply with all commercial laws and regulations in Dubai, including renewing the license regularly and reporting any changes in the company structure or activity.
In conclusion, if you are thinking about establishing a company in the Dubai Free Zone , cooperating with Itqan Company can be a wise step to ensure the success of your new business. Through its extensive experience in the field of establishing companies in Dubai, Itqan Company provides comprehensive services that include guidance and advice in choosing the appropriate economic activity, preparing the necessary documents, submitting applications to the relevant government agencies, and providing support in all stages of establishing the company.
In cooperation with Itqan Company, you can take advantage of the diverse business opportunities in Dubai, and benefit from the modern work environment and modern facilities provided by the free zone. You can also rely on the support and assistance provided by the Itqan team to overcome the challenges that you may face during the company establishment stage.
In short, cooperation with Itqan Company can make the process of establishing your company in the Dubai Free Zone easier and more successful. Benefit from their experience and get ready to start a wonderful journey in the world of entrepreneurship in the Emirate of Dubai.
Frequently asked questions about establishing a company in the free zone
What is the free zone in Dubai?
Dubai Free Zone is a special commercial zone that provides an encouraging environment for small, medium and large companies to establish and develop businesses. It is characterized by providing encouraging policies and flexibility in tax and customs legislation.
What are the basic steps to establish a company in the Dubai Free Zone?
Determine the economic activity, choose the company form, prepare the required documents, submit the application to the Free Zone Authority, and pay the required fees.
Do I have to get a local partner to establish a company in the free zone?
In Dubai free zones, a local partner is not required for foreigners to establish a company, except in some special cases.
Can I establish a company in the Dubai Free Zone without having a physical office?
You must have a specific business address in the Dubai Free Zone, and you can use virtual office services in some cases.
What are the basic steps to establish a company in the Dubai Free Zone?
Determine the economic activity, choose the company form, prepare the required documents, submit the application to the Free Zone Authority, and pay the required fees.
