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Company formation in Dubai Free Zone

٢٦ فبراير Company formation in Dubai Free Zone

Establishing a company in Dubai Free Zone, opening a company in Dubai Free Zone is an important strategic step for investors who want to enter the UAE market and achieve success in an encouraging and advanced business environment. Dubai free zones are among the most prominent economic destinations that offer many advantages to local and international investors. These zones are designed to facilitate government procedures and provide a flexible work environment that meets the needs of companies of all sizes.

Itqan Company is a reliable partner in facilitating all steps of establishing companies in Dubai free zones, providing integrated services from legal consultations to dealing with government procedures quickly and efficiently. Through these free zones, investors have the opportunity to establish their companies while maintaining full ownership of the business without the need for a local partner, which enhances the independence of decision-making and increases the effectiveness of growth and expansion.

Dubai free zones also provide many tax exemptions such as exemptions from corporate and profit taxes, making them an attractive environment for investment. Companies established in these zones are not limited to traditional commercial activities only, but also include the fields of technology, innovation, logistics industries and financial services, reflecting the great diversity of opportunities available. Free zones also offer quick and simple registration procedures, helping investors start their businesses quickly and without complications. With the help of Itqan, investors can obtain professional advice and accurate guidance to ensure that they comply with all regulations and legal requirements.

فتح سجل تجاري في دبي

What is a free zone in Dubai?

Free zones in Dubai are one of the most prominent economic solutions provided by the UAE government to local and international investors. These areas represent an ideal environment for starting a business due to the many advantages they provide to investors. They provide wide opportunities in various sectors such as trade, industry, technology, and financial services, making them an attractive destination for many global companies. Establishing companies in these areas is characterized by high flexibility and simplified procedures that contribute to facilitating business. Free zones in Dubai are pivotal to the emirate’s economic development strategies, as they contribute to promoting innovation and attracting foreign capital.

What is a free zone in Dubai?
A free zone in Dubai is a special economic zone that provides innovative investment incentives for foreigners and investors by allowing them to establish their companies with full ownership of the business without the need for a local partner. These zones were established to encourage foreign investment and promote the growth of companies in a flexible regulatory environment. They are vital areas that support the local economy by providing job opportunities and enhancing industrial diversity.

Dubai’s free zones offer many benefits, including tax exemptions on profits and returns, facilitating company establishment procedures, and exemptions from import and export fees in some cases. Dubai includes many free zones such as Jebel Ali, Dubai Silicon Oasis, Dubai South, and others, where each zone differs from the other in the type of permitted activities, allowing investors to choose the most appropriate for their business. Dubai’s free zones are one of the best options for foreign investors looking to expand in the UAE market and the Middle East region.

The advantages that the free zone offers to investors

Dubai’s free zones are among the most prominent investment destinations that provide an ideal environment for both local and international investors. They represent a unique platform for startups and investors looking to enter the UAE market easily and at a reasonable cost. These zones are designed to encourage innovation and provide many benefits that help promote commercial growth and achieve success. Through these zones, investors can benefit from a wide range of incentives that facilitate the establishment of a company in Dubai and the expansion of businesses.

The following are the most prominent advantages that the free zone offers to investors:

Full foreign ownership: Free zones allow foreign investors to fully own companies without the need for a local partner, giving them complete control over the management and direction of the business.
Tax exemptions: Free zones offer tax exemptions for up to 50 years in some cases, including exemption from corporate and individual income tax, which significantly reduces operating costs.
Exemption from customs duties: Free zones provide exemptions from customs duties on imports and exports, which enhances trade and contributes to reducing expenses related to transportation and logistics.
Fast and flexible establishment procedures: Free zones provide a fast and easy establishment process for companies, allowing investors to start their businesses in record time compared to traditional procedures in the UAE.
Comprehensive government support: Companies in free zones receive distinguished government support, including providing legal and administrative facilities and assistance in obtaining visas.
Funds transfer facilities: Free zones allow funds to be transferred across borders easily and without restrictions, which contributes to enhancing the financial liquidity of companies.

Advanced Infrastructure: Free zones provide modern and advanced infrastructure including offices, warehouses and logistics facilities, making it easy for companies to start and operate their businesses efficiently.

Flexibility in choosing business activities: Free zones offer freedom to choose diverse business activities, giving investors the ability to expand into different sectors such as trade, manufacturing, technology and consulting.
Opportunities to expand businesses into new markets: Free zones provide a strategic platform to access the markets of the Middle East, Asia and Africa, enhancing the opportunities for expansion and growth for investors’ companies.
Support and Innovation Services: Free zones offer a range of innovative and supportive business services such as marketing, consulting, training and guidance that contribute to enhancing innovation and expanding businesses.

Documents required to establish a company in the free zone

Establishing a company in the Dubai Free Zone is an ideal option for foreign investors seeking to benefit from a flexible business environment and supportive laws. Free zones offer many advantages such as full foreign ownership, tax exemptions, and simplified procedures for establishing companies. However, investors must provide specific documents to complete the process of establishing companies in the free zones. The required documents play an important role in facilitating the registration process and complying with legal requirements. Below, we provide you with a list of the basic documents that must be submitted to establish a company in the free zone:

Completed application form: The application form for establishing a company must be completed and submitted by the competent authority in the free zone.
Copy of passport: A valid copy of the passport must be provided for all shareholders and directors of the company.
Personal photographs for investors: Recent personal photographs of investors and shareholders must be provided.
Proof of address: A document proving the residential address such as an electricity bill or a recent government document must be provided for investors and directors.
Business plan: The investor must provide a detailed business plan outlining the intended business activity in the free zone.
Proof of financial solvency: In some cases, investors may be required to provide financial documents that demonstrate their ability to cover the company’s expenses at the beginning.
Legal power of attorney: If one of the parties intends to appoint a legal representative to establish the company, an official power of attorney must be provided to act on their behalf.
Copy of lease or office agreement: The investor must provide a document proving the existence of an office or headquarters for the company in the free zone.
Approval of the competent authorities: In some cases, investors may be required to obtain special approvals from the competent authorities in Dubai or the Emirates, such as a business license.
Deposit of capital: Investors are required to deposit the specified capital of the company in a designated bank account before the license is issued.
Through these documents, investors can easily and conveniently complete the necessary procedures for establishing a company in the free zone.

Our company’s role in establishing a company in Dubai

Establishing a company in the Dubai Free Zone is an ideal step for investors who wish to benefit from a dynamic and advanced economic environment that provides many advantages that help accelerate business growth. By cooperating with Itqan Company, investors can obtain comprehensive support in all aspects of establishing a company, starting from choosing the appropriate type of business activity to dealing with complex government procedures. Free zones in Dubai offer many advantages such as tax exemptions and full foreign ownership, which enhances the chances of business success and expansion.

These areas also have a modern infrastructure that contributes to facilitating logistics and providing the integrated services that any investor needs. With a flexible legal environment, investors can focus on developing their businesses and achieving their goals without worrying about administrative hurdles. Itqan’s services provide investors with extensive experience in handling all legal and financial procedures, saving time and effort and helping to avoid mistakes. Whether the business is innovative or traditional, Dubai provides an ideal platform for expansion and growth across various sectors.

With the continuous support and professional services provided by Itqan, investors can be assured that the process of establishing a company will be smooth and easy. Ultimately, establishing a company in Dubai Free Zone is a wise choice for investors looking to expand into new markets and achieve sustainable business success.

Frequently Asked Questions About Starting a Company in Dubai

What is a Free Zone in Dubai?
Dubai Free Zones are economic zones that provide a business-friendly environment, allowing investors to fully own companies without the need for a local partner. These zones enjoy benefits such as tax exemptions and advanced infrastructure.

What are the benefits of a free zone for investors?
Dubai’s free zones offer many benefits, such as long-term tax exemptions, 100% foreign ownership, fast incorporation procedures, and a flexible legal environment. They also provide a unique business environment and opportunities in diverse sectors such as trade, technology, logistics, and financial services.

What types of companies can be established in free zones?
There are several types of companies that can be established in free zones, such as limited liability companies (LLCs), sole proprietorships, and holding companies. The type of company depends on the business activity that the investor wants to pursue.

Does the investor need to have a local partner in the free zone?

No, one of the main advantages of establishing a company in a free zone is that the investor can own the company outright without the need for a local partner.

What documents are required to establish a company in the free zone?

The required documents include a passport, residence visa (if available), a personal photo, and a business plan for the company. Requirements may vary depending on the type of activity and location in the free zone.