The cost of 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 economic environment and flexibility that free zones offer. Establishing a company in these areas is an ideal option to achieve success and save a lot of potential costs. In this context, Itqan Company cooperates with clients to provide the necessary support and plan appropriate strategies for establishing the company with the lowest possible cost and highest effectiveness of establishing a company in the free zone.

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, rental costs for office or industrial space, and property and equipment insurance costs needed to start the business. The process may also require additional costs to establish the company, such as engineering consultations and brand design.

The cost of establishing a company in the Dubai Free Zone

The cost of establishing a company in the Dubai Free Zone

Through its partnership with Itqan Company, customers can benefit from cost reductions through direct negotiation with suppliers and partners in the free zone . In 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 license 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, space required, and additional services desired. The cost of obtaining a business license in the Dubai Free Zone usually includes the following items:

• Company registration fees: Includes fees for registering the company, receiving the certificate of incorporation, and related documents. These fees may vary based on the type of company and its legal structure.
• Business license fees: Depends on the type of business you wish to practice. There may be different categories of business activities, and each category may carry specific fees.
• Professional Permit Fee: If you plan to practice a specific profession that requires an occupational 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 based on the number of employees, their nationalities, and contract details.
• Rental and real estate services fees: Renting an office or commercial space in a free zone may require the payment of additional rental fees and real estate services 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 general steps for establishing a company in the Dubai Free Zone:

1. Choosing the type of company: Before starting the process, you must determine the type of company you want to establish, whether it is a sole proprietorship, a limited liability company, a one-person company, or other.
2. Choosing a business activity: You must select the business activity that the company wishes to practice in the free zone.
3. Obtaining a 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: You must pay the fees required to register the company and obtain the license.
6. Company establishment: After meeting all conditions, submitting documents, and paying fees, the company is officially established and registered in the free zone.
7. Opening a 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, and others.
10. Legal Compliance: The company must 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 the free zone depend on local laws and legislation. The following are some types of companies that can be established in the 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 companies : Manufacturing 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 is provided for financial activities.
• Consulting companies: Consulting companies can be established in areas such as management, finance, marketing, and investment, to provide consulting services to other companies.

Government fees required to register the 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 usually include the following items:

• Company registration fees: Fees are charged for company registration and incorporation in local commercial registries. These fees are collected when submitting the registration application and establishing the company.
• Business license fees: In some countries, operating some types of businesses requires a business license. A fee is charged to obtain this license.
• Customs duties and taxes: If a company exports or imports goods, customs duties and taxes may be imposed on the imported or exported goods.
• Social and health insurance fees: In some countries, establishing a company requires paying 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 company incorporation, 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 on companies in the free zone

The annual fees and taxes required for companies in the Dubai Free Zone vary depending on the country and the specific free zone. It is important to remember that free zones usually provide a favorable business environment with tax breaks and low or exempt fees to attract investments, however, the applicable fees and taxes may vary significantly depending on local legislation and government policies. Annual fees and taxes required for companies in the free zone may include the following items:

• Income tax: Corporations 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 the payment of annual fees or investment fees for companies located within it.
• Land and real estate fees: Fees may apply to lands and real estate used by the company in the free zone.
• Labor Fees: The free zone may require payment of fees to hire 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 a 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 provides a set of advantages that make it an attractive option for investors and entrepreneurs. Here are some of the key benefits of establishing a company in the Dubai Free Zone:

1. Full ownership of foreigners:
   • Foreign investors can benefit from full ownership of their companies without the need for a local partner. This allows complete control over the company’s management and independent decision-making.
2. Tax exemptions:
   • Companies in Dubai free zones enjoy income tax breaks for specified periods of time, and usually tax breaks for international taxes as well, reducing the financial burden on startups.
3. Ease of incorporation procedures:
   • Establishing companies in the free zone is characterized by quick and simple procedures, making it easier for entrepreneurs to start businesses quickly and efficiently.
4. Express licenses:
   • Dubai free zones usually provide facilities for obtaining the necessary licenses to conduct business activities, which reduces regulatory hurdles and facilitates the start-up process.
5. Advanced infrastructure:
   • Dubai’s free zones have advanced infrastructure that includes airports, seaports, logistical facilities, and advanced transportation networks, which helps facilitate supplies and distribution for companies.
6. Freedom of cash transfers:
   • Dubai’s free zones allow great freedom in cash transfers and international transfers, making it easier for companies to deal with customers and suppliers across borders with ease.
7. Easy access to the regional and global market:
   • Thanks to its strategic location, companies in Dubai’s free zones can easily access the markets of 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 emerging and medium-sized companies through various financial support programs and financial facilities, which helps enhance the growth and sustainability of companies.

In short, establishing a company in a free zone in Dubai provides a conducive and suitable environment for business, with a wide range of benefits that include tax exemptions, easy incorporation procedures, and advanced infrastructure, making it an ideal choice for investors and entrepreneurs seeking to achieve success in a dynamic and vibrant business environment.

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

Ultimately, establishing a company in a free zone in Dubai is a strategic investment that requires careful consideration of the potential costs and benefits. By cooperating with Itqan Company, investors can achieve this goal efficiently and effectively.

It is important to understand that the cost of establishing a company in the Dubai Free Zone varies based on the type of company and services required, but thanks to the experience and precise strategy of Itqan Company, investors can estimate these costs accurately and plan for them appropriately.

By providing the necessary support and strategic advice, Itqan Company contributes to reducing excess costs and achieving maximum added value for its customers. Drawing on its experience and trusted partnerships in the Dubai Free Zone, the company provides the tools and resources needed to build successful and sustainable companies.

In short, establishing a company in the Dubai Free Zone represents a wonderful 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 the business.

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