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The most important free zones in Dubai and the cost of establishing a company in them

١٢ فبراير The most important free zones in Dubai and the cost of establishing a company in them

Dubai is an ideal destination for establishing businesses thanks to its vibrant economic environment and distinctive investment facilities, and its free zones stand out as an ideal investment option for entrepreneurs and investors seeking to expand their businesses in the region and beyond. Dubai’s free zones offer unique opportunities including tax exemptions, full foreign ownership, and a flexible regulatory environment, making them an attractive option for startups, medium-sized companies, and large enterprises alike.

Dubai includes a group of prominent free zones that differ in their specializations and services, such as Jebel Ali Free Zone (Jafza), which is considered one of the oldest and most important commercial areas, Dubai South, which is distinguished by its proximity to Al Maktoum Airport, and the Dubai Multi Commodities Center (DMCC) area, which attracts companies operating in the gold, diamonds, and other commodities sectors. Each free zone provides an integrated environment that supports the growth of companies and contributes to strengthening their presence in the region’s markets.

As for the cost of establishing a company in Dubai’s free zones, it varies based on several factors, including the type of license required, the size of the company, the type of business activity, and the location within the free zone. The basic costs include licensing fees, registration fees, office or warehouse rental costs, and employee visa costs. These costs provide flexibility to investors as they can customize them according to their budget and business needs.

With such a variety of options and costs, Dubai’s free zones allow investors to establish their companies with minimal administrative complexity and the highest level of operational efficiency. These free zones remain an important gateway to the Gulf and global markets, making Dubai the first choice for many investors aspiring to achieve growth and success in a global business environment.

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Steps to Establish a Company in Dubai Free Zone

Establishing a company in Dubai’s free zones requires following specific procedures. Here are the general steps to establish a company in a Dubai free zone:

Choose the type of company: Determine the type of company you want to establish, such as a sole proprietorship, joint stock company, limited liability company, etc.

Choose the free zone: Select the free zone that suits your company’s activity such as JAFZA, DAFZA, DMCC, etc.

Determine the business activity: Determine the company’s activity and ensure that it complies with local laws and regulations.
Choosing a company name: Choose a suitable name for the company and ensure that it complies with the company registration laws in the free zone.

Determine the company structure: Identify the shareholders and their financing shares and identify the senior management.

Drafting contracts and documents: Prepare the articles of association and necessary documents according to the requirements of the free zone.

Submitting the application for incorporation: Submit the application for incorporation of the company and the required documents to the authorities of the selected free zone.

Getting approval: After submitting the documents and application, wait for the final approval from the relevant authorities in the free zone.

Documenting the company: Once approved, document the company and obtain the final trade license.

Opening a bank account: Open a bank account in the name of the company to manage financial matters.

The cost of establishing a company in the Dubai Free Zone

The cost of establishing a company in the Dubai Free Zone is one of the important aspects that investors take into consideration when planning to enter the Dubai market, as the cost varies according to several factors related to the nature of the business activity, the type of license, and the chosen location within the free zones. Dubai offers many options, making the cost of establishment flexible and can be adjusted according to the needs and goals of investors.

The cost of establishing a company in the free zone includes several fees, starting with the licensing fees, which depend on the type of business activity; the available licenses include trade, industry, and services licenses. Each type of these licenses has its own requirements and costs, as the type of activity determines the scope of work and the options available to the investor.

In addition, there are the registration fees that must be paid to complete the procedures for establishing the company in the free zone, and these fees include the costs of official procedures and legal requirements necessary to establish the legal entity of the company. These costs may vary depending on the size of the company and the nature of the business activity.

Another element that affects the cost is the rent of the office or commercial space required, as office rents vary greatly depending on the location and type of space required. Some free zones offer multiple options such as shared offices, flexible offices, and warehouses, allowing companies to choose the best solution that suits their budgets.

Company establishment also includes other costs such as visa fees for employees, as the free zone allows the issuance of residence visas for employees and workers of the company, and these costs are part of the cost of establishing a company in the free zone. The number of visas available varies according to the size of the company and the type of activity, allowing investors flexibility in determining their needs.

Costs also include fees for administrative and support services such as accounting services and legal advice. Obtaining legal and administrative advice from the competent authorities is necessary to ensure that the company is in compliance with local regulations and laws, and these fees may vary depending on the type of services required and the complexity of the operations.

Overall, Dubai’s free zones provide a package of options that allow investors to establish their companies at a flexible cost, as investors can allocate a budget that suits their needs, and enjoy the great advantages that Dubai offers such as tax exemptions and legal facilities, making establishing a company in the free zone a successful investment option that attracts investors from all over the world.

The most important free zones in Dubai

In Dubai, there are several free zones that are considered vital economic centers that provide a business-friendly environment and encourage investment. Here are some of the most important free zones in Dubai:

Jebel Ali Free Zone (JAFZA): It is considered one of the largest free zones in the world and provides advanced infrastructure and modern facilities.
Dubai Investment Park (DIP): It provides an ideal environment for companies operating in the fields of industry and manufacturing.
Dubai Airport Free Zone (DAFZA): It is located near Dubai International Airport and focuses on companies related to aviation and logistics.
Dubai Silicon Oasis (DSO): It is characterized by providing advanced infrastructure for technology companies and startups.
Dubai Media City (DMC) and Dubai Internet City (DIC): They are two major destinations for companies operating in the fields of media and information technology.
Dubai Multi Commodities Centre (DMCC): One of the fastest growing free zones in Dubai, focusing on the global trade sector.

In conclusion, Dubai’s free zones are a strategic choice for investors and businessmen looking to establish their companies in a sophisticated and stable business environment. These zones vary in their specializations and advantages, allowing companies to choose the location that best suits the nature of their business activity and future goals. The most prominent free zones in Dubai include: Jebel Ali, which is distinguished by its huge logistical capabilities; Dubai South, which is a modern economic gateway that benefits from its proximity to Al Maktoum International Airport; Dubai Silicon Oasis, which attracts advanced technology companies; and DAFZA (Dubai Airport Free Zone), which provides high-quality infrastructure for commercial projects.

The costs of establishing a company in these zones vary based on several factors, including the type of business activity, the size of the office or facility, and the commercial license fees. Each free zone offers advantages related to tax exemptions, full foreign ownership, and customs facilities, which make investing in them an ideal option for international and local companies alike.

Investing in Dubai’s free zones gives businesses ample opportunities to easily access regional and global markets, backed by advanced infrastructure and continuous government support to attract more investments. With the increasing global competitiveness, Dubai is an ideal hub for businesses to grow and expand. In short, setting up a company in one of Dubai’s free zones is an important step towards success, as these areas provide distinct opportunities for growth, cost savings and expansion in a competitive business environment. With proper planning and understanding of the requirements for setting up a company, investors can take advantage of this advanced environment to achieve their business goals and enhance their presence in global markets.

The most important frequently asked questions about the most important free zones in Dubai and the cost of establishing a company in them

What are the procedures required to establish a company in the free zone?
The procedures include choosing the type of license, submitting the required documents (such as a passport and a business plan), paying the required fees, and officially registering the company with the relevant authorities.

Can profits be transferred abroad without restrictions?
Yes, the free zones in Dubai allow the transfer of profits and funds abroad without restrictions, which facilitates the management of funds for international companies.

What types of licenses are available in the free zones?
Licenses vary according to the business activity and include commercial, industrial, service, and professional licenses. Each free zone offers specialized licenses that suit specific types of activities.

What are the benefits that free zones offer to investors?
Free zones provide benefits such as full tax exemption on income and profits, 100% foreign ownership, customs exemptions, modern infrastructure, and ease of transferring funds outside the Emirates.