If you are thinking of establishing a company in the Dubai Free Zone, you are on the right track to benefit from the thriving economic environment in the UAE. Dubai\’s free zones are considered one of the most important destinations for SMEs and major international companies to establish and expand. In this article, we will show you the ways to establish a company in the Dubai Free Zone.
Establishing a company in the Dubai Free Zone includes several steps, starting with choosing the appropriate type of company, determining the location of the headquarters, and meeting the legal and regulatory requirements. You can choose between many different types of companies such as limited liability companies, sole proprietorships, real estate companies, and others, depending on the nature of your business and your operational needs.
After determining the type of company, you must select the appropriate location in one of the free zones in Dubai . Free zones in Dubai differ among themselves in terms of services provided and financial and administrative facilities, so you should choose the zone that best suits your business and meets your needs perfectly.
After that, it is the turn to fulfill the legal and regulatory papers and requirements necessary to establish the company in the free zone. This includes submitting the required documents, paying the necessary fees, and obtaining the necessary approvals from the relevant authorities.
With specialized support from Itqan Company, you can facilitate the process of establishing a company in Dubai and benefit from all the advantages that these regions provide for startups, medium and large companies. In the next article, we will go into detail about all the steps mentioned and highlight the key factors that should be considered during the process of establishing a company in the Dubai Free Zone.
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ToggleWays to establish a company in the free zone in Dubai
Establishing a company in a free zone in Dubai is an attractive option thanks to the many advantages that these areas offer in terms of flexible legislation, tax exemptions and ease of establishment. In cooperation with Itqan Company, there are several steps to establish a company in the free zone in Dubai. Here are general ways to complete this process:
- Choosing the appropriate free zone: There are many free zones in Dubai, and they differ in specializations and target industries. Study different regions and choose those that match your business and requirements.
- Company creation: Select the type of company you wish to establish, whether Limited Liability Company (LLC), Public Joint Stock Company (PJSC) or Sole Proprietorship, according to your business requirements.
- Registration and Licenses: A free zone may require specific licenses for your business. Submit a registration application and complete the necessary procedures to obtain the necessary licenses, such as trade license, construction license, and business license.
- Choosing the legal form and partners: Determine the legal form of the company and determine the partners if the company is a public joint-stock company. Some free zones may require a certain percentage of a local partner.
- Obtaining capital: Determine the capital required to establish the company and keep the required amount of money in a bank account in Dubai.
- Company establishment: You may be required to submit the necessary documents such as filled out forms, contracts, and legal documents to the relevant authorities in the free zone to complete the company establishment procedures.
- Opening a bank account: Open a bank account for the company in one of the approved banks in Dubai. This will require submitting the required documents and necessary information.
- Obtaining a residence permit: If you plan to live and work in Dubai, you will need to obtain a residence permit for yourself and the employees you intend to employ in the company.
Basic steps to establish a company in the Dubai Free Zone
Establishing a company in the Dubai Free Zone is a strategic and very important step for individuals and companies wishing to start their business or expand their activity in the United Arab Emirates. Dubai\’s free zones are characterized by flexible legislation, advanced infrastructure, and tax facilities, making them an ideal environment for investment and establishing companies.
- Determine the company’s activity: First and foremost, before starting, you must determine the company’s activity that you wish to practice, whether it is commercial, industrial, or service.
- Choosing a free zone: Then search and choose the free zone that suits your company’s activity and provides the necessary facilities. Some of the popular free zones in Dubai include Jebel Ali, Dubailand, and Dubai South.
- Preparing documents: Also prepare the required documents such as the Memorandum of Association, the application form for incorporation, and the personal certificates of the founders.
- Submitting the application: Then submit the company establishment application to the selected free zone authorities, and note that the required fees must be paid.
- Submitting documents and waiting: He also submitted the required documents to the free zone authorities, and waited for the application to be reviewed and approved.
- Receiving the license and incorporation: Therefore, after approval, you will obtain a license to establish the company and you can start operating the business.
- Completing additional procedures: Then, after obtaining the license, complete additional procedures such as opening a bank account for the company, tax registration, and workers’ insurance.
- Compliance with legislation: Also make sure to adhere to all local legislation and legal controls that regulate your company’s activity in the free zone.
Do not hesitate to use the services of Itqan Company in establishing the company in the free zone to ensure that the steps are completed smoothly and efficiently.
Types of companies that can be established in the free zone
Type of Company | a description |
---|---|
A limited liability company | – Shareholders enjoy limited and unlimited liability upon establishing the company. The number of shareholders can be from one person or more. |
Sole proprietorship | – Owned and managed by only one person. The employer\’s liability is unlimited. |
Partnership company | – Owned by partners who share profits and losses and bear responsibility in specific proportions. There must be a partnership contract that specifies the rights and duties of the partners. |
Public joint stock company | – It has a legal personality independent of shareholders. Shareholders bear responsibility according to their share in the capital. |
Private joint stock company | – It is owned by a group of shareholders who agree not to sell or transfer their shares to unspecified persons. There must be a contract of association specifying the terms of sale and transfer. |
Company | It is considered a branch of a parent company operating under the same name and registration, and is subject to the laws of the parent company. Liability depends on the parent company\’s arrangements. |
These are some of the common types of companies that can be established in the Dubai Free Zone , and the appropriate type can be determined based on the nature of the business and the specific needs of the company. It is always encouraged to consult with Itqan before making final decisions on the type of company
Costs associated with establishing a company in the free zone
The costs of establishing a company in a free zone in Dubai vary based on several factors such as the type of company, the free zone chosen, and additional services that you may need. Here are some general points that can affect the costs of establishing a company in a free zone:
- Licensing fees: First and foremost, these fees include the government fees required to obtain a license to establish a company in the free zone.
- Registration fees: Then it may include fees for registering the company and obtaining official certificates and founding documents.
- Costs of legal and accounting consultations: Therefore, you may need the services of a legal advisor or accountant to help you prepare the necessary documents and procedures.
- Additional services fees: Then you may need to pay additional fees for services such as legal and accounting consulting, labor recruitment services, insurance, and others.
- Office rental costs: Also, if you need an office in the free zone, you may need to pay office rental costs and fees for additional services such as maintenance and cleaning.
- Labor recruitment fees: Then, if you intend to hire employees, you may need to pay fees for their recruitment and work visas.
- Other services fees: You may also need to pay fees for other services such as opening a bank account for the company, insurances, and taxes.
It is best to inquire directly with the relevant authorities in the free zone in which you intend to establish the company to obtain accurate information about the costs associated with this. It is also recommended to contract with Itqan Company to help you understand and estimate costs accurately and manage the process effectively.
We support you in establishing your company in the free zone
It is always advisable to speak with Itqan Company directly to obtain accurate information and customized services according to your company\’s specific needs. Itqan Company provides several support services for establishing companies in the free zone, and these services include, for example:
- Business consulting: thus providing comprehensive consultations on how to establish a company in the free zone, including choosing the appropriate type of company and determining the appropriate free zone.
- Licensing and permits arrangements: Assistance in arrangements for obtaining the necessary licenses and permits to establish the company in the free zone, and assistance in following up on administrative and legal procedures.
- Preparation of documents and documents: Then assistance in preparing the documents and documents necessary to establish the company, such as the articles of incorporation, license application forms, and personal certificates of the founders.
- Organizing meetings and appointments: We also organize meetings and appointments with the relevant authorities in the free zone to facilitate the process of establishing the company and following up on procedures.
- Accounting and financial services: thus providing accounting and financial services to emerging companies in the free zone, including preparing financial reports and following up on taxes and budgets.
- Support in recruitment and human resources management: Then providing support in the recruitment process and human resources management for startup companies, including preparing contracts and training employees.
- Legal support: Then providing the necessary legal support to ensure the enjoyment of the company’s rights and compliance with local legislation and regulations.
- Administrative support services: We also provide administrative support services for startup companies, such as communications, coordination, and office management.
These are just general examples of the services that Itqan Company may provide to companies wishing to establish their businesses in the Dubai Free Zone. It is always advisable to speak with Itqan directly to obtain accurate information and customized services according to your company\’s specific needs.
Investing in the free zone
In conclusion, the free zones in Dubai offer impressive investment opportunities for those wishing to establish their companies without a sponsor. This model is characterized by easy access to regional and global markets, thus enhancing business opportunities and contributing to the growth of the local and global economy.
Establishing a company in the Dubai Free Zone is also an ideal option for investors looking for an innovative business environment that is open to innovation and development. Thanks to the advanced infrastructure and facilities provided by these areas, companies can achieve sustainable success and expand their business efficiently.
Through the guidance of its experts and its specialized services in establishing companies, Itqan Company ensures that you have everything you need to start your own project with confidence and success. In cooperation with the Itqan team, you can confidently move towards the world of entrepreneurship and benefit from the opportunities for growth and development in the Dubai Free Zone.
Do not hesitate to benefit from the experience and specialization of Itqan Company to realize your dreams of building a successful and sustainable company in one of the most attractive regions for business in the world.
Also, through cooperation with Itqan Company , investors can benefit from experience and knowledge in the process of establishing companies in free zones in Dubai, ensuring correct guidance and effective provision of the necessary services. Therefore, business goals can be achieved efficiently and with tangible success in the local and international market.
Frequently asked questions about ways to establish a company in the Dubai Free Zone
What is the free zone in Dubai and what are its benefits?
The Dubai Free Zone is a special zone designated for business that offers an encouraging environment and privileges such as no taxes on profit, import and export, and complete freedom of ownership for foreign investors.
What are the basic steps to establish a company in the Dubai Free Zone?
- Choose the company type and define the business activity.
- Submit the application and required documents to the Department of Economic Development in Dubai.
- Pay the necessary establishment fees and permits.
- Opening a commercial bank account for the company.
- Receiving final licenses and approvals.
Can foreigners establish a company in the free zone?
Yes, foreigners can establish companies in the Dubai Free Zone and benefit from complete freedom of ownership and no taxes on the profit.
What are the fees required to establish a company in the free zone?
Fees vary according to the type of company and its activity, and include registration fees, permits, and administrative services.
What guarantees and protections are available to companies in the free zone?
Companies in the free zone enjoy legal, administrative and financial protection, and the UAE provides a stable and regulated business environment.