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Company formation in Dubai Free Zone

Company formation in Dubai Free Zone

١٤ مارس Company formation in Dubai Free Zone

Establishing a company in Dubai Free Zone, opening a company in Dubai through free zones is one of the distinctive options for investors seeking to enter the UAE market in a flexible and efficient manner. Dubai enjoys a strategic location linking the markets of Asia, Europe and Africa, making it a major attraction for international businesses. Free zones in Dubai provide an ideal business environment for start-ups and foreign investors, including tax benefits, customs exemptions and full foreign ownership, which contributes to facilitating business operations and achieving growth. Companies established in free zones enjoy a number of unique advantages such as speed in establishment procedures, flexibility in business activities, in addition to providing modern facilities that support business development.

In this context, Itqan Company provides a range of specialized services that contribute to simplifying the process of establishing companies in free zones, as it works to facilitate legal procedures, commercial licenses, and choosing the appropriate activity, in line with the goals of investors. Establishing a company in Dubai through a free zone means benefiting from a flexible regulatory environment and multiple investment opportunities in various sectors such as trade, technology, industry, and services. Investors can make the most of these benefits while maintaining administrative flexibility and ease of business management thanks to the supportive environment provided by the free zones. Itqan Company provides all the necessary support to Saudi and international investors, ensuring that they can easily establish their company according to the highest legal and economic standards in Dubai.

Company formation in Dubai Free Zone
Company formation in Dubai Free Zone

Types of companies that can be established in free zones

Dubai is one of the most prominent global destinations for establishing companies, as it provides a flexible and advanced business environment through a variety of free zones that encourage attracting local and international investments. Free zones provide foreign investors with many opportunities to establish their companies with full ownership without the need for a local partner, making them the ideal choice for many entrepreneurs. In addition, these zones provide other advantages such as tax and customs exemptions, logistical facilities, and accelerated establishment procedures. Depending on the type of business activity and the investor’s goals, different types of companies can be chosen that suit the requirements of the local and international market.

In this context, here are the most prominent types of companies that can be established in the free zones in Dubai:

Limited Liability Company (LLC): This is one of the common types that investors can establish in the free zones. In this type of company, shareholders have limited liability according to their percentage of capital contribution. It is ideal for small and medium-sized companies seeking to expand and achieve growth.
Sole Proprietorship: A company owned by only one person who is responsible for all aspects of the company, including debts and financial problems. This type of company is suitable for individual investors who want to fully own and manage their business.
Branch Office: Foreign investors who own companies established in other countries can open a branch of their company in Dubai through the free zones. The branch is an extension of the parent company and is subject to the same regulations, as it works to promote products and services without being an independent entity.
Representative Office: This type of company allows foreign investors to represent their business in Dubai without entering into commercial operations or conducting financial transactions. The representative office is mainly used for marketing and advertising purposes.
Private Joint Stock Company: This type of company can be established in the free zones when a group of investors want to establish a commercial entity that requires high capital and a number of partners. The shares are divided among the members according to the agreed-upon shares.
Professional Service Company: These companies are allowed to provide specialized services such as law, accounting, consulting, and other activities that require specific skills or licenses. This type of company allows foreign investors to provide services without the need for a local partner. Each type of company has its own legal characteristics and requirements, and investors must choose the most appropriate type based on the nature of their work and their goals in the UAE and international markets.

Procedures for establishing a company in a free zone in Dubai

Establishing a company in a free zone in Dubai is a strategic option for investors looking to benefit from the ideal business environment provided by these areas. Dubai, with its distinguished geographical location, is one of the best business destinations in the world thanks to advantages such as tax exemptions, full foreign ownership, and licensing facilities, making it an attractive environment for investors from all over the world. The importance of free zones lies in the fact that they provide investors with the opportunity to establish companies with flexible regulatory advantages, in addition to providing advanced infrastructure and logistical tools that contribute to facilitating business operations. Despite the many facilities, there are steps and procedures that investors must follow to ensure that their company is legally and effectively established in the free zones in Dubai.

Choosing the right free zone: The first step in establishing a company in a free zone is to determine the free zone that suits the type of business activity. Dubai offers many free zones that focus on specific sectors such as trade, industry, technology, and services. It is important for the investor to determine the activity he wants to practice in line with the nature of each zone.
Determine the type of company: The investor must determine the type of company he wants to establish, such as a limited liability company (LLC), a subsidiary, or a representative office, based on the nature of the business and the size of the investment. Choosing the appropriate type affects the company’s structure and legal operations.

Submitting the required documents: Once the free zone and the type of company have been determined, the investor must submit the necessary documents such as a passport, personal photos, a business plan, and an office lease contract. Documents vary depending on the free zone, so it is necessary to ensure the requirements of each zone.

Obtaining initial approval: After submitting the documents, initial approval is obtained from the free zone management. At this stage, it is ensured that the business activity complies with the laws in force in the free zone.

Registering the company and obtaining a license: After initial approval, the company must be registered with the relevant authorities in the free zone. This includes filling out the necessary forms and paying the required fees. After completing the registration, a commercial license is issued that allows the investor to officially start his business.

Issuing residence visas and work permits: Investors and employees can issue residence visas and work permits through the free zone management after obtaining a commercial license. The types of visas also vary depending on the size of the company and the number of employees.
Opening a company bank account: Finally, the company must open a local bank account to conduct financial transactions related to business activities. A bank account allows for easy handling of local and international payments.

By following these steps, investors can establish their company in the free zones in Dubai legally and effectively, allowing them to benefit from all the advantages offered by this advanced business environment.

ما هي المناطق الحرة في دبي؟

What are the free zones in Dubai?

Dubai is considered one of the most important global business destinations, providing a flexible and attractive business environment for investors from all over the world. The free zones in Dubai are one of the most prominent factors that have made the city an international business center. These areas provide many advantages that contribute to facilitating the establishment of businesses, such as tax exemptions, full foreign ownership, and exemption from customs duties on imports and exports. The free zones are also characterized by providing advanced infrastructure and high-level logistics services that contribute to supporting economic growth and enhancing commercial expansion. In this context, the free zones in Dubai provide investors with various opportunities to establish a company in the free zone in various fields according to the type of business they wish to implement.

What are the free zones in Dubai?

Free zones in Dubai are specific geographical areas designated for businesses that allow foreign investors to establish companies without the need for a local partner. These areas offer a free trade environment that facilitates business operations thanks to attractive tax exemptions, simplified incorporation procedures, and business licensing facilities. These areas are considered the main drivers of the economy in Dubai, providing great facilities for companies in various fields such as trade, technology, industry, and services.

The free zones in Dubai vary according to the business activities they support, as each area is designated for a specific group of sectors, which helps companies benefit from specialization and focus in the field in which they operate. Some of the most prominent free zones in Dubai include the Dubai Commodities Zone, the Dubai World Trade Center, the Dubai International Financial Center, the Jebel Ali Free Zone, and many others. Each free zone offers different advantages, but they all share the same goal of providing a safe and flexible environment for foreign investors looking to establish their projects in Dubai.

Our company’s role in establishing a company in Dubai

Establishing a company in Dubai through free zones is a wise investment option for investors looking to benefit from the ideal business environment provided by these areas in terms of tax and customs benefits and financial exemptions. Free zones in Dubai give companies great flexibility in establishing and managing businesses, in addition to facilitating access to global markets thanks to the emirate’s strategic location. Itqan Company facilitates all procedures for establishing companies in these areas, providing investors with full support from choosing the appropriate business activity to obtaining the necessary licenses and providing specialized legal advice that ensures full compliance with regulatory requirements. Free zones in Dubai offer diverse opportunities in many sectors including trade, technology, and industry, making them a preferred destination for foreign investors. By taking advantage of Itqan’s expertise, Saudi and international investors can establish their companies easily and quickly while ensuring their compliance with all laws and official procedures. Itqan Company also provides integrated solutions that include legal consultations, administrative procedures, and choosing commercial activities, which contributes to enhancing the chances of success of commercial projects in Dubai. In conclusion, establishing a company in Dubai through free zones represents a strategic step towards expanding into new markets and achieving commercial success, and is an ideal option for investors seeking to start their businesses in a supportive and flexible environment that contributes to facilitating growth and achieving economic goals.

Frequently Asked Questions about Establishing a Company in Dubai

What are the free zones in Dubai?
Free zones in Dubai are special areas that provide facilities for foreign investors such as tax exemptions, full foreign ownership, and exemption from customs duties. Companies are established in these areas based on the type of business activity and market requirements.

Can a foreign investor own 100% of the company in the free zones?
Yes, one of the most prominent advantages of establishing companies in the free zones in Dubai is that it allows foreign investors to own 100% of their company’s shares, without the need for a local partner.

What are the types of companies that can be established in the free zones?
Various types of companies can be established in the free zones such as limited liability companies (LLC), sole proprietorships, subsidiaries, and representative offices, depending on the type of business activity and the requirements of the free zone.

What are the procedures for establishing a company in a free zone in Dubai?
The procedures include choosing the appropriate free zone according to the type of business activity, submitting the required documents such as passport, personal photos and business plan, obtaining initial approval, and submitting a commercial license application to obtain the license.

Is there a minimum capital requirement to establish a company in the free zones?
The required capital varies depending on the free zone and the type of business activity. Some free zones do not require a minimum capital requirement, while others may require a specific capital to start the business.