Opening a company in Dubai Free Zone is an interesting option for investors who want to take advantage of the flexible and business-friendly economic environment. Dubai’s Freedom Zones provide an ideal environment for startups, medium and large companies, allowing them to access new markets and broad business opportunities. In cooperation with Itqan Company, investors can obtain the support and guidance necessary to successfully establish their company in a free zone in Dubai.

If you are looking to start your own business in a free zone in Dubai, you must first choose a free zone that suits your company’s needs. Dubai’s Freedom Zones offer multiple benefits, such as reductions in fees, taxes, and customs facilities, and provide a business environment that encourages innovation and growth.

After choosing the appropriate free zone, you must prepare a detailed financial feasibility study to estimate the expected costs and revenues. You must also obtain the necessary licenses and permits from the relevant government agencies. Itqan Company provides the necessary support to investors in these steps, including identifying the appropriate area, preparing feasibility studies, and assisting in obtaining the necessary licenses.

Opening a company in Dubai Free Zone

Procedures necessary to open a company in a free zone in Dubai

A free zone in Dubai is a special economic zone that provides a favorable business environment for local and international companies. The basic procedures for opening a company in a free zone in Dubai include:

1. Choosing a free zone: Choose the free zone suitable for your company’s activity, such as Jebel Ali (JAFZA), Dubailand (DWC), or Dubai Maritime City (DMCC).
2. Submit a registration application: Submit an application to register your company in the chosen free zone. You may need to provide required documents such as a business plan and a copy of the passports of shareholders and directors.
3. Payment of fees: Pay the fees required for the registration and licensing process. Fees may vary depending on the selected free zone.
4. Obtaining licenses: After accepting the application and paying the fees, the necessary licenses will be issued for your company, such as the necessary trade license and business licenses.
5. Open a bank account: Open a business bank account for your company in the UAE. You will need to submit the required documents and contract with the chosen bank.
6. Obtaining a commercial address: The free zone provides a commercial address for your company. You can use this address for registration and business communication.
7. Residence visa: If you want to live and work in Dubai, you may need to obtain a residence visa for yourself and the foreign employees you intend to employ. You can cooperate with a specialized legal services company to assist with visa procedures.

Advantages of opening a company in a Dubai free zone

Opening a company in a free zone in Dubai offers a range of advantages that make it an attractive option for investors. Here are some of the key advantages of opening a company in a free zone in Dubai:

• Complete independence: Dubai free zones allow companies to benefit from policies and laws independent of the emirate’s general legal system. This means that companies enjoy a high degree of freedom and self-control in managing and operating their businesses.
• Benefiting from favorable tax legislation: Free zones in Dubai provide a favorable tax environment, as many tax benefits are offered, such as not imposing income tax and not imposing value-added tax, which contributes to improving profitability and reducing the tax burdens of companies.
• Access to the regional and global market: Dubai is considered a global economic center and a hub for trade and business in the Middle East. As a global business base, Dubai free zones provide an opportunity for companies to access regional and global markets and expand their international presence.
• Advanced Infrastructure: Dubai is characterized by advanced infrastructure and advanced logistics facilities, including international airports, well-equipped ports, and modern communications networks. This facilitates shipping, transportation and distribution operations for companies and supports their business growth.
• Ease and flexibility in administrative procedures: Free zones in Dubai provide simple and easy administrative procedures for establishing and managing companies. Simple procedures include licenses, registration, issuance of work visas and other procedures necessary to start work.

How to choose a suitable free zone in Dubai to establish a company

When choosing a suitable free zone in Dubai to establish a company, several important factors must be taken into account. Here are some tips that can help you make the right decision:

• Company activity: Start by determining the type of business you want to establish. Some free zones specialize in specific sectors such as information technology, media, logistics industries, etc. Choose a free zone that is compatible with your company’s activity and provides the appropriate support and infrastructure.
• Geographical location: You should also consider the location of the free zone. Some of Dubai’s free zones are located near airports and ports, facilitating transportation, distribution, export and import operations. A free zone may also be close to important markets, enhancing access to customers and business partners.
• Infrastructure and Facilities: Check the level of infrastructure available in the free zone. Does the free zone provide appropriate logistical facilities such as warehouses, warehouses and industrial areas? Are modern communications and transportation services available? Does the free zone provide a qualified workforce that suits your company’s needs?
• Laws and legislation: Study the legislation and laws that apply to the free zone. Administrative regulations and procedures vary from one free zone to another. Check licensing, tax, labor, immigration and other legal requirements related to establishing and operating a company.
• Costs: Evaluate the costs associated with setting up a company in the free zone. This includes costs for licenses, rents, utilities, labor and other necessary expenses. Compare different free zones and choose the ones that fit your budget and provide the best value for money.

Financial and tax facilities available to companies in Dubai free zones

Financial and tax facilities available to companies in Dubai free zones

Free zones in Dubai offer a range of financial and tax facilities to companies. Here are some of these facilities:

• Not imposing income tax: Free zones in Dubai provide an environment free of imposing income tax on companies. This means that companies located in free zones do not pay income tax on the profits they achieve, which contributes to improving profitability and increasing competitiveness.
• Not charging Value Added Tax (VAT): As of my information cut-off date (September 2021), the UAE did not charge VAT on goods and services in Dubai free zones. However, you should check current laws and recent tax changes to ensure you know the current situation.
• Freedom to convert currencies: Free zones in Dubai allow the freedom to convert currencies without restrictions. Businesses can easily carry out money transfers and deal with local and foreign currencies.
• 100% Foreign Investments: Dubai free zones allow 100% foreign investors to own companies. This means that the company can be established and benefit from all the profits without the need for a local partner.
• Not imposing import and export duties: In many free zones in Dubai, no import or export duties are imposed on imported or exported goods. This means that companies can import and export goods without additional fees, reducing logistics costs and boosting business activity.

After studying the market and identifying the appropriate business activity, investors can easily establish a company in the Dubai Free Zone. This includes submitting the necessary documents and paying the required fees, and Itqan Company can provide the necessary support to implement these steps efficiently and effectively.

Thanks to its flexible and stimulating policies, Dubai’s Freedom Zones help achieve business success and enhance opportunities for growth and expansion in the market. In addition, Itqan can provide the necessary consultations to investors on expansion strategies and improving the company’s overall performance in the free zone.