Establishing a company in the Dubai Free Zone

Establishing a company in the Dubai Free Zone is one of the most prominent global destinations for business and trade, as it combines advanced infrastructure and an attractive investment environment. Among the factors that enhance Dubai’s position as an ideal investment destination are the free zones spread throughout the emirate. These zones offer multiple benefits including tax exemptions, full foreign ownership, and simplified bureaucratic procedures, making them an attractive option for foreign entrepreneurs and investors. Establishing a company in one of the free zones in Dubai can be a successful starting point for any business project seeking to reach regional and international markets.

Establishing a company in the Dubai Free Zone requires following a set of steps that include choosing the appropriate type of company, defining the commercial activity, and obtaining the necessary licenses. Although this process seems simple, it may involve many technical and administrative details that require experience and thorough knowledge of local laws and regulatory requirements.

In this context, Itqan Company plays a vital role in facilitating the process of establishing companies in the free zones of Dubai. Itqan offers a comprehensive range of consulting services that cover all aspects of establishing companies, from choosing the appropriate free zone for your business, through preparing and submitting the required documents, all the way to obtaining the necessary licenses and permits. Thanks to its specialized team and long experience in the local market, Itqan ensures a smooth and efficient company establishment experience for its clients.

Itqan Company does not limit itself to merely facilitating the establishment process, but also provides ongoing support to companies after the start of operational operations, by providing legal, financial and administrative consultations. This ongoing support helps startups adapt to the market and achieve sustainable growth. Thanks to its integrated services, Itqan becomes a strategic partner for investors looking to benefit from the great opportunities that Dubai offers.

Establishing a company in the Dubai Free Zone

Establishing a company in the Dubai Free Zone is a strategic step that opens wide doors of business opportunities, thanks to the advanced investment environment and simplified procedures provided by these areas. Free zones in Dubai are considered a major focus for attracting foreign investments due to their many advantages, which include tax exemptions, full foreign ownership, and world-class infrastructure. In this article, we will discuss in detail the steps for establishing a company in the Dubai Free Zone, in addition to the role of Itqan Company in facilitating this process.

1. Business Consulting: Providing comprehensive business consulting that includes market analysis, feasibility studies, and assessment of operational and financing needs.
2. Determine the legal structure: Helping clients choose the appropriate legal structure for their company, whether it is a sole proprietorship, a limited liability company, or a subsidiary.
3. Preparing legal documents: Providing services for preparing and coordinating the legal documents necessary to establish the company, such as contracts, agreements, minutes, and declarations.
4. Licenses and Approvals: Assisting clients in obtaining the necessary licenses and approvals from government agencies and free zone authorities.
5. Opening bank accounts: Assistance in opening bank accounts for the company, including providing the necessary information and completing the required procedures with local banks.

In short, Itqan Company provides integrated services that include all aspects of establishing a company in the Dubai Free Zone , which contributes to providing a smooth and successful experience for customers and enhances their chances of success in the local and international market.

Company in Dubai Free Zone

Basic steps to establish a company in a free zone in Dubai

Establishing companies in a free zone in Dubai can be a strategic move for many businessmen and investors seeking to take advantage of the benefits available in these areas. Below are basic steps to establish a company in a free zone in Dubai:

1. Choosing the right free zone: There are several free zones in Dubai, each with its own characteristics and industrial focus. You must choose the free zone that suits your business.
2. Determine the type of company: You must determine the type of company you wish to establish, whether it is an individual company, a joint stock company, or a limited liability company, according to your business needs and local laws.
3. Choosing a company name and ensuring its availability: You must choose an appropriate and unique name for your company, and ensure that it does not conflict with the names of other existing companies. You can check the availability of the name through the Dubai Department of Economic Development website.
4. Submitting an application for registration: After choosing the free zone and the type of company, you must submit a registration application to the competent authority in the free zone. You will need to fill out the required forms and submit the required documents.
5. Determine the space and secure the property: You must determine the required space for your company’s headquarters and secure the appropriate property in the free zone, whether for rent or purchase.

Costs of establishing a company in a free zone in Dubai

The costs of setting up a company in a free zone in Dubai can vary greatly based on several factors, including the type of company, the size of the business, and the free zone chosen. Here are some of the basic costs you may face while setting up a company in a free zone in Dubai:

1. Registration and license fees: These fees include the cost of registering the company in the free zone and obtaining the necessary licenses to conduct business activity.
2. Maximum Capital: Some free zones may require setting a minimum or maximum capital for your company, and this may affect the overall cost of setting up the company.
3. Real Estate Costs: Includes rental or purchase costs for office or commercial space in the free zone, plus additional fees such as deposits and real estate fees.
4. General utility costs: These fees include electricity, water, communications, internet, air conditioning, maintenance and cleaning costs.
5. Production and operating costs: If you operate in a sector that requires special equipment or consumables, you will need costs to purchase this equipment and materials.

Dubai Free Zone

Steps to open a bank account for a company in a free zone

Opening a company bank account in a free zone in Dubai is a basic and necessary step for new companies, as it provides them with the necessary means to manage funds and financial transactions efficiently and easily. Here is an overview of the basic steps to open a company bank account in a free zone in Dubai:

1. Choosing a bank: Research and choose the bank that meets your company’s needs and provides the appropriate services for you. You can consider a range of factors such as exchange fees, interest, customer service, and others.
2. Gather the required documents: Before going to the bank, make sure to collect the required documents. These documents may include a passport, company social contract, company licence, incorporation documents, and any additional documents required by banks.
3. Personal attendance to open the account: In many cases, you must come in person to the bank branch to open the company account. Banks may require the signature of the authorized person or legal representative of the company.
4. Fill out forms and provide information: You will need to fill out the application forms provided by the bank and provide the necessary information related to the company, such as company name, address, type of activity, and shareholder information.
5. Identity and credibility verification: The bank may require verification of the identity and credibility of the company and authorized officials through the documents provided, and may

Key advantages of setting up a company in a free zone in Dubai

Establishing a company in a free zone in Dubai has several key advantages that make it an ideal destination for business and investments. Dubai is located in a strategic place on the global business map, and is considered a free zone that embraces a developed and diverse business environment that meets the needs of companies from all sectors and fields. Here is an overview of the main advantages of setting up a company in a free zone in Dubai

1. Tax exemptions: Freedom Zones in Dubai provide full or partial tax exemptions on income and corporate taxes for a specified period, which reduces the financial burden on startups and increases their profitability.
2. Easy access to the regional and global market: Dubai is located in a strategic location, allowing easy access to the Middle East, North Africa and Asian markets, providing opportunities for expansion and growth.
3. Advanced Infrastructure: Dubai’s Freedom Zones provide modern and advanced infrastructure, including seaports, airports, roads and communications, which facilitates transport and export operations and enhances communications.
4. Flexible business legislation: Dubai provides a flexible and business-friendly legislative environment, which facilitates administrative and regulatory procedures for companies and helps them adapt to rapid developments in the market.
5. Customs facilities: Freedom Zones in Dubai allow export and import without customs duties or major restrictions, which facilitates international trade and increases opportunities for growth and expansion.

Our role in establishing your company in the free zone

Itqan Company plays a vital role in the process of establishing your company in the Dubai Free Zone, as it provides a comprehensive range of services and consultations that contribute to the success of your business and provides you with the necessary support in all stages of establishing the company. Here are some of the things that Itqan Company does to facilitate the process of establishing your company in the Dubai Free Zone:

1. Business Consulting: Itqan provides specialized consultations that help you understand the business environment in the free zone, and identify potential opportunities and challenges for your business.
2. Determining the legal structure: Itqan provides assistance in determining the appropriate legal structure for your company, such as a limited company, sole proprietorship, or joint stock company.
3. Document preparation: Itqan provides services for preparing and coordinating the legal documents required to establish the company, such as incorporation contracts and articles of association.
4. Assistance with licenses and approvals: Itqan helps you obtain the necessary licenses and approvals from the competent government agencies and free zone authorities.
5. Legal guidance: Itqan provides legal advice that helps you understand local laws and legislation related to establishing and managing companies in the free zone.

In short, the Itqan team works to provide the comprehensive support and integrated services you need to establish your company in the Dubai Free Zone in a successful and effective manner. Itqan Company is considered a strategic partner that you can rely on in the journey of building and developing your business.

Your company in the free zone

And opportunities. Dubai is considered a gateway for business and investments, and its free zones provide an ideal environment for startups and large institutions to achieve success and growth.

Through the vital role that Itqan plays in this process, we can emphasize the many benefits that the company offers to entrepreneurs and investors. When you rely on Itqan, you are guaranteed comprehensive and integrated support in all aspects of establishing the company, from determining the appropriate legal structure, to preparing the necessary documents and obtaining licenses and approvals.

Thanks to Itqan’s experience and deep understanding of the legal environment and local legislation, it can provide legal and strategic advice that contributes to making the right decisions and successfully achieving the company’s goals.

In the end, Itqan Company is considered a reliable and distinguished partner that can be relied upon in the journey of building your company and achieving success in the Dubai Free Zone. By making the right decision and using the right partners, you can move into the business world with confidence and reassurance, and reach new levels of success and prosperity.

The most important frequently asked questions about establishing a company in the Dubai Free Zone