Advantages of establishing a company in Free Zone Dubai

Advantages of establishing a company in the Dubai Free Zone: Establishing a company in the Free Zone in Dubai represents an important strategic step for investors who seek to benefit from free trade, tax benefits, and commercial facilities available in this thriving free zone. One of the companies specialized in this field is Itqan Company, which provides specialized consulting services to investors who wish to establish their companies in the Free Zone in Dubai.

Free Zone Dubai is an ideal environment for startups and SMEs, as it provides a range of important advantages. One of the most prominent of these advantages is the attractive tax deductions, as companies located in the Free Zone enjoy complete exemption from income taxes, real estate taxes, and taxes on profits. This helps investors achieve a high level of profitability and enhance the growth of their business.

In addition, the Free Zone in Dubai provides flexibility in business organization, as foreign companies can obtain full ownership of the company without the need for a local partner. Investors also enjoy the freedom to transfer funds, profits and investments without trading restrictions.

Itqan Company provides comprehensive services to investors who wish to establish a company in Free Zone Dubai . These services include providing advice in choosing the appropriate type of company, providing assistance in preparing the required documents, and providing support in the registration and licensing processes. Thanks to the expertise of Itqan and its specialized team, investors can rely on experience and knowledge to reach the best results and achieve success in the business environment in the Free Zone Dubai.

Advantages of establishing a company in the Free Zone

Establishing a company in the Free Zone is considered a strategic and exciting option for investors who want to take advantage of the business opportunities and tax advantages available in this economic free zone. Located in Dubai, one of the most prominent business destinations in the world, and enjoying a distinguished strategic location and advanced infrastructure, the Free Zone is a distinguished environment for establishing and operating companies. One of the companies specialized in providing company establishment services in the Free Zone is Itqan Company, which provides the necessary support and advice to investors.

One of the main advantages of establishing a company in the Free Zone is the attractive tax deductions. Companies in the Free Zone enjoy complete exemption from income taxes, real estate taxes, and profits taxes. This helps investors achieve higher profits and enhance the sustainability of their business.

In addition, the Free Zone in Dubai allows flexibility in organizing business. Foreign companies can obtain full ownership of the company without the need for a local partner. This gives investors greater freedom and flexibility in managing and directing their business.

Itqan Company provides comprehensive services to investors who wish to establish their companies in the Free Zone. These services include providing advice in choosing the appropriate type of company, providing assistance in preparing the required documents, facilitating registration processes and obtaining the necessary licenses. Itqan Company relies on a team of experts with experience and deep knowledge of the Free Zone and its successful experiences in establishing companies.

In short, establishing a company in the Free Zone in Dubai in cooperation with Itqan Company provides great opportunities for investors seeking to benefit from free trade, tax benefits, and available trade facilities. By utilizing Itqan’s services, investors can benefit from the experience and knowledge necessary to facilitate and accelerate the process of establishing a company in the Free Zone and ensure compliance with legal and regulatory requirements.

Please note that investors should consult independently and cooperate with local legal or tax counsel to obtain accurate and up-to-date information about Free Zone company incorporation procedures, local tax obligations and applicable laws.

Types of companies that can be established in the Free Zone 

Establishing a company in the Dubai Free Zone   offers many options for investors who wish to take advantage of the free trade and tax advantages available. Several types of companies can be established in the Free Zone, including:

• Joint stock company: It is a company consisting of shareholders who share capital, profits and losses according to the percentage of financial contribution they made. Some free zones require the presence of a certain percentage of a local partner in this type of company.
• Limited Liability Company: A limited liability company is a common form of company in the Free Zone. It is characterized by providing protection to shareholders so that they are not liable for debts and obligations that exceed the paid-up capital.
• Subsidiary company: Foreign companies can establish branches in the Free Zone. The parent company is responsible for its branches, and the branches continue to operate under the name of the parent company in accordance with local laws and regulations.
• Limited liability company with one share: This type of company allows the investor to establish a company with a small capital consisting of only one share. Investors benefit from the legal and regulatory protection available in Free Zone.

Establishing a company in the Free Zone requires compliance with the procedures and requirements specified by the relevant authorities. It is recommended to cooperate with a company specialized in establishing companies in the Free Zone to ensure full compliance with local laws and procedures.

Please note that this information may be subject to change and investors should check current laws and regulations in the Free Zone and obtain local legal and tax advice before making any decision to establish a company.

Procedures necessary to establish a company in the Free Zone

Establishing a company in the Dubai Free Zone requires following specific procedures and complying with local legal and regulatory requirements. Here is an overview of the basic procedures for establishing a free zone company: Establishing a free zone company in Dubai can be a great strategic move for investors seeking to benefit from free trade and tax advantages. The Free Zone in Dubai offers a distinguished business environment and multiple opportunities for company establishment and business development.

• Research and planning:

The investor should do extensive research and appropriate planning before starting the process of establishing the company. Market opportunities must be studied, competition analyzed, and the appropriate type of company you wish to establish must be determined.

• Choosing the legal type of company:

The investor must choose the appropriate legal type of company he wishes to establish in the Free Zone, such as a joint-stock company, limited liability company, or a subsidiary company. The legal type should be selected based on business needs and local requirements.

• Choose a company name:

The investor must choose a suitable and unique name for the company and ensure that it is available and does not conflict with the names of other registered companies. The advice of legal professionals is recommended to ensure compliance with local laws and regulations.

• Preparing the required documents:

The investor must prepare the documents required to establish the company, such as the incorporation agreement, articles of association, and legal powers of attorney. Documentation requirements may vary depending on the type of company and local requirements.

• Registration and obtaining licenses:

The investor must submit a registration application and submit the required documents to the competent authority in the Free Zone. The documents and data will be reviewed and the necessary licenses will be issued to the company.

• Open bank account:

After obtaining the necessary licenses, the investor must open a bank account in the name of the company in one of the banks approved in the Free Zone. This requires submission of required documentation and compliance with specific bank requirements.

• Residence visa and work visa:

If the investor intends to live and work in the Free Zone, he will need to obtain a residence visa and a work visa. You should review and apply for the specific visa and Free Zone requirements.

• Tax and legal compliance:

The investor must comply with the tax and legal requirements of the Free Zone. The company must commit to regularly submitting financial reports and tax obligations in accordance with local laws and regulations.

Please note that the specific procedures for establishing a company in the Free Zone may vary based on the specific Free Zone and local requirements. It is recommended to cooperate with Itqan Company to ensure full compliance and success in the company establishment process.

Documents required to establish a company in the Free Zone

Establishing a company in a free zone requires adherence to specific legal and regulatory procedures. The Free Zone is an excellent environment for doing business and establishing companies in Dubai, as it provides exciting business opportunities and attractive tax benefits. In this context, we will review the basic documents required to establish a company in the Free Zone. The documents required to establish a company in the Free Zone vary according to the type of company and local requirements. However, here are some common documents that may be required:

• Memorandum of Association: The Memorandum of Association is a legal document that defines the purposes, objectives and activities of the company. It must include information about the partners, their shares in the capital, and other details related to the company.
• Articles of Association: The articles of association determine the legal framework that regulates the company’s work, the relationship of partners, and the management of the company. The articles of association include information about the distribution of profits, appointment of management, decision-making mechanism and other important details.
• Legal powers of attorney: Establishing a company may require obtaining a legal power of attorney from the partners or authorized directors to represent the company in legal and administrative matters.
• Passport and ID photos: The company needs passport and ID photos of partners and authorized directors to verify and record their identity.
• Lease Agreement: You must obtain a lease contract proving the presence of a company headquarters in the Free Zone. The contract must be valid and compatible with specific Free Zone requirements.
• Financial reports: Obtaining company licenses may require submitting detailed financial reports, such as the business plan and projections of future revenues and expenses.

These are just samples of the required documents, and their details may vary according to local requirements and the type of company you wish to establish in the Free Zone. There may be additional requirements for documents. Therefore, it is recommended to consult with Itqan Company to ensure full compliance with local legal procedures and to properly provide all required documents.

Logistical benefits of establishing a company in the Free Zone

Establishing a company in the Free Zone in cooperation with Itqan Company is an important strategic step for entrepreneurship in Dubai. The Free Zone is characterized by a distinguished strategic location and a dynamic economic environment, which provides great opportunities for companies to expand into regional and global markets. In addition, the Free Zone provides a range of important logistical benefits that contribute to the success of companies and facilitate their business. Below we will review some of the logistical benefits of establishing a company in the Free Zone:

• Advanced transportation facilities: Dubai provides excellent transportation infrastructure, including modern international airports and advanced seaports. This facilitates shipping and export operations and enhances access to global markets with high efficiency.
• Integrated Logistics Network: Free Zone has an integrated logistics network that includes shipping, warehousing and distribution companies. This facilitates supply chain management and reduces the costs and time spent getting products to customers.
• Customs facilities: Free Zone provides distinctive customs facilities, such as customs duty exemptions and low customs. This helps companies reduce costs and increase competitiveness in global markets.
• Advanced technology: The Free Zone is characterized by the availability of advanced technology, such as high-speed Internet communications, cloud computing technologies, and massive analytics. Businesses can leverage this technology to improve efficiency and speed up operations.
• Advanced financial services: Free Zone provides a wide range of advanced financial services, such as banks, financial institutions, and online payment services. These services make it easier to manage corporate finances efficiently and securely.

Our company’s role in establishing a company in Free Zone Dubai

Establishing a company in the Free Zone in cooperation with Itqan Company provides exciting opportunities for entrepreneurship and sustainable growth. These opportunities come through the dynamic economic environment and strategic location of Dubai. The Free Zone is a gateway to easily explore regional and global markets, thanks to its advanced logistical and organizational facilities. The government provides strong support to companies located in the Free Zone, which helps them achieve success and excellence. In addition, investors benefit from attractive tax incentives and facilitating regulatory procedures, enhancing growth opportunities and profitability. Thanks to the advanced infrastructure equipped with the latest technology, companies are provided with an ideal working environment to achieve their goals and aspirations. Establishing a company in the Free Zone in cooperation with Itqan Company is a strategic choice for entrepreneurship and success in the global business market.

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