Commercial license in Dubai Free Zone

The Dubai Free Zone trade license is very popular among individuals and companies wishing to take advantage of the economic and commercial benefits available in this distinguished region. Through cooperation with Itqan Company, the necessary support and guidance is provided to obtain a commercial license in the Dubai Free Zone.

This great article aims to explore the process of obtaining a business license in the Dubai Free Zone in collaboration with Itqan. The article will shed light on the types of commercial licenses available in the free zone, and the requirements and procedures necessary to obtain those licenses, starting from submitting the necessary documents and choosing the appropriate business activity, all the way to registration and approval procedures.

In addition, the article will focus on the role of Itqan Company in providing support and assistance in the process of obtaining a business license in the Dubai Free Zone. The company will showcase its experience and specialized skills in providing the necessary advice and guidance to individuals and companies at every stage of obtaining a license, from planning to implementation and management.

In short, this great article includes a comprehensive look at the process of obtaining a business license in the Dubai Free Zone in cooperation with Itqan Company. It will highlight the types of licenses available, how to obtain them, and the company’s role in providing support and guidance.

Commercial license in Dubai Free Zone

Commercial license in Dubai Free Zone

Obtaining a business license in a free zone in Dubai is an important step for investors wishing to establish their company in a distinguished commercial environment. Here are some points that may be included in the process of obtaining a business license in the Dubai Free Zone:

1. Choosing the appropriate free zone: You must choose the free zone that suits your company’s activity and provides the infrastructure and services you need.
2. Choose the type of company: Determine the type of company you want to establish, such as a limited liability company, partnership, or sole proprietorship, according to your business requirements and future plans.
3. Submitting a license application: Submit the license application to the competent authorities in the free zone, and submit the necessary documents required to obtain the license.
4. Negotiating and signing agreements: In some cases, the process of obtaining a commercial license in the free zone may require negotiating with local authorities and signing agreements with them.
5. Determine company location: Determine the exact location of your company headquarters in the free zone, and ensure that it meets your business needs and operational requirements.
6. Tax Registration and Insurance: After obtaining a business license, you may need to register for tax and purchase the necessary insurance for your company and its employees.
7. Compliance with local conditions and regulations: Make sure to adhere to all local conditions and regulations that regulate the work of companies in the free zone.

Basic steps to obtain a business license in the free zone

Here are the basic steps to obtain a business license in the Dubai Free Zone :

1. Choosing a work activity: Select the work activity you would like to practice, and make sure that it is permitted in the free zone in which you plan to register.
2. Location selection: Select the free zone suitable for your economic activity, and review the conditions and requirements for the zone.
3. Determine the type of company: Choose the appropriate type for your company, whether it is a sole proprietorship, limited liability company, partnership, etc.
4. Submitting the application: Submit an application for a commercial license to the relevant free zone authority, and submit the required documents, such as a copy of the passport, business plan, etc.
5. Obtaining approvals: After submitting the application, legal and regulatory procedures may require approvals from relevant authorities, such as the Emirates Knowledge and Development Authority and others.
6. Signing contracts and insurances: After approval, sign the necessary contracts, pay the required fees and insurances if there are any, and receive the commercial license.
7. Registration with other government agencies: After obtaining a commercial license, some commercial activities may require registration with other government agencies, such as the Department of Economic Development or Dubai Municipality.
8. Starting business: After completing all procedures, you can start practicing your business in the free zone and work to achieve your business goals.

Costs of obtaining a business license in the free zone

The costs of obtaining a business license in a free zone may vary depending on several factors, including the type of business activity, the size of the company required, and the free zone itself. However, costs can generally be estimated as follows:

• Registration and establishment fees: These include fees for submitting and processing the application, and company establishment fees.
• Legal and accounting consulting fees: You may need to engage the services of a lawyer or accountant to assist in the incorporation process, and this may incur additional fees.
• Rental costs: If you need an office or work space in the free zone, there may be monthly rental costs.
• Additional government fees: The registration and incorporation process may involve additional government fees, such as permit and license fees.
• Insurance costs and guarantees: The incorporation process may require obtaining insurance policies and guarantees, which can have financial costs.
• Annual renewal fees: After obtaining the license, there may be an annual fee to renew the business license.

Documents required to apply for a commercial license in free zones

Here is a general list of documents you may need when applying for a business license in Dubai free zones:

1. License Application Form: You must fill out the required form to submit the application.
2. Copy of the owner’s passport: A certified copy of the passport is required for you as the owner of the company.
3. Business Plan: A detailed business plan must be submitted that explains the company’s activity and its plans for growth and expansion.
4. Shareholder documents: If there are other shareholders in the company, they may be asked to provide their personal documents.
5. Lease Contract or Intention Letter: You must submit a copy of the lease contract for the office or location where business operations will be conducted, or a NO Objection Letter from the building owner if you own the space.
6. Health Insurance Certificate: Local authorities may require a health insurance certificate for employees.
7. Other government approvals: There may be special approvals or permits required for certain business activities such as food, beverage or medical services.
8. No Objection Certificate (NOC): If you work in a government organization or another company, you may be required to obtain an NOC from your current employer.
9. Financial Documents: You may need to provide financial reports or proof of source of income.
10. Personal photos: You may need recent personal photos of yourself and other contributors.

Steps for issuing a commercial license in the Dubai Free Zone

Legal conditions for obtaining a commercial license in free zones

The legal requirements for obtaining a business license in the free zones in Dubai may vary slightly from one region to another, but in general, these basic legal requirements can include:

1. Nationality and Age: Applicants for a free zone business license must be UAE citizens or holders of a valid residence visa, and must be adults (usually 18 years or older).
2. Company Activity: The proposed company activity must be compatible with local and federal regulations and laws in the UAE.
3. Required Capital: There can be basic capital requirements for a company, which may vary based on the type of company and business activity.
4. Primary Place of Operations: Applicants must provide proof of the office address or location where business operations will be conducted.
5. Personal Documents: All shareholders and executives must provide valid personal documents, such as a passport or ID card.
6. Availability of financial guarantees: Obtaining a commercial license may require the presence of financial guarantees to ensure the continuity of commercial operations.
7. Health Insurance: Companies may be required to offer health insurance to employees according to local laws.
8. Special Permits: Some businesses involving areas such as food, beverage or medical services may require special permits.

Updates and renewals of commercial licenses in Dubai free zones

Updates and renewals of business licenses in free zones in Dubai depend on several factors, including the type of company, local regulations and federal laws. However, attention can be paid to several points related to updates and renovations:

• Personal Information Updates: Personal information of shareholders and company executives should be updated, such as address changes, nationality changes, and contact information updates.
• Annual license renewal: Companies usually submit requests to renew their commercial licenses on an annual basis, and this requires paying the required fees and submitting the required documents.
• Business activity updates: If the company’s activity changes or the business expands, the company may need to update its business license and obtain the necessary approvals.
• Legal Amendments: In some cases, changes in the company structure or amendments to the bylaws may require updates to the company’s legal documents.
• Tax Amendments: In light of changes in tax laws or regulations, companies may need updates in financial reporting and adjustments in the preparation of tax returns.
• Legal documentation updates: Companies may require updates to legal documents such as partnership agreements, service contracts, and agreements with suppliers or customers.
• Compliance with New Laws: Businesses should review and update their policies and procedures to ensure compliance with any changes in new laws or regulations.

In concluding this article, we would like to highlight the importance of obtaining a business license in the Dubai Free Zone, which is considered a gateway to many investment opportunities and business success. Through our cooperation with Itqan Company, we have provided a comprehensive overview of the steps necessary to obtain a commercial license and the challenges you may face, in addition to the advantages and benefits it can bring to your business.

If you are looking for a dynamic and flexible business environment, Dubai free zones provide you with the ideal opportunity to start or expand your business. With the support of Itqan Company, you can benefit from its experience and specialized services to overcome challenges and achieve success in the business world.

The most frequently asked questions about a commercial license in the Dubai Free Zone