How to establish a company in the free zone in Dubai

03 Jun How to establish a company in the free zone in Dubai

Establishing a company in the Dubai Free Zone in cooperation with Itqan Company represents an important strategic step for those wishing to exploit business opportunities in this distinguished economic zone. Itqan Company provides integrated services that include advice and support in all stages of establishing the company, from choosing the appropriate legal structure to completing all necessary administrative and legal procedures.

As a reliable partner, Itqan provides assistance in choosing the appropriate business activity and preparing the necessary documents for company registration, in addition to providing work and residency visa services for employees and investors. Itqan Company also provides an ideal solution for investors looking to establish their companies in Dubai without the need for a local partner.

Through Itqan Company, those wishing to establish a company in the Dubai Free Zone can benefit from the experience of a professional and specialized team that guarantees them the necessary support to achieve their business goals efficiently and smoothly.

How to establish a company in the free zone in Dubai

How to establish a company in the free zone in Dubai

Establishing a company in the Dubai Free Zone in cooperation with Itqan Company represents an important strategic step for those wishing to exploit business opportunities in this distinguished economic zone. Itqan Company provides integrated services that include advice and support in all stages of establishing the company, from choosing the appropriate legal structure to completing all necessary administrative and legal procedures.

As a reliable partner, Itqan provides assistance in choosing the appropriate business activity and preparing the necessary documents for company registration, in addition to providing work and residency visa services for employees and investors. Itqan Company also provides an ideal solution for investors looking to establish their companies in Dubai without the need for a local partner.

Through Itqan Company, those wishing to establish their companies in the Dubai Free Zone can benefit from the experience of a professional and specialized team that guarantees them the necessary support to achieve their business goals efficiently and smoothly.

Papers for establishing a company in the free zone

In order to establish a company in the Dubai Free Zone, you most likely need to submit a set of documents. Among the basic documents required are the following:

• Copy of passport: for all shareholders and directors.
• Business plan: It explains the company’s goals, its proposed activity, and its financial plans.
• Commercial license application form: includes information about the company’s activity and structure.
• Personal photos: for shareholders and directors.
• Identity quality certificate: for shareholders and directors.
• No objection certificate: from local government agencies.
• Financial report: for some business activities.
• Lease contract: for the company’s office in the free zone.
• Building and planning permits: If the company requires production or storage space.
• Employment contracts: for workers who will be employed by the company.

There are other requirements that may vary depending on the type of company and the chosen business activity, so it is preferable to obtain advice tailored to your case from the specialized Itqan Company before starting the incorporation process.

Steps to establish a company in the free zone in Dubai

Establishing a company in the Dubai Free Zone requires following specific steps and adhering to local regulations. Here are basic steps to establish your company in the free zone:

Choose the license type and business activity 

There are several types of licenses for free zones, and the type of license is determined based on the nature of the company’s activity. For example: commercial activity requires a commercial summary, services and consulting require a service license, and industry and production require an industrial license.

Choose a free region

Dubai contains many free zones, and each free zone has a set of permitted activities. Visas and types of offices also differ from one free zone to another. Therefore, you must select the appropriate free zone for the nature of your work according to your activity.

Determine the company structure 

The company structure can be one of the following:

• A new company with shareholders.
• Subsidiary company with shareholders.
• Joint venture company.
• Branch of a local or foreign company.

Choose the trade name and prepare the documents

The Departments of Economic Development require certain controls for the name, so it must not violate public taste and must be compatible with the nature of the activity.

Initial approval includes the locations of the company name, business activity, and proposed company structure.

Signing legal documents

Meet the free zone representative to verify the passport of the final beneficiary or shareholder, then sign documents such as the board of directors’ decision and others.

Establishing a work site

A business headquarters must be established for the company, whether by purchase or rent, and it must be a physical headquarters in the free zone appropriate to the nature of the activity.

After completing all the previous steps, the investor can receive the license and attach some documents and papers with it, in addition to the economic development steps to pay the costs of the license fees, then register in the UAE Chamber of Commerce as a member.

To know the costs necessary to establish a company in the Dubai Free Zone, you can contact us and our experts will provide you with all the information. We have experts to clear all the procedures, documents and papers necessary to establish a company in the Dubai Free Zone.

The importance of establishing a company in the free zone

Establishing a company in the Dubai Free Zone provides many features and benefits that make it an ideal destination for business. Among these features:

1. Flexible legislation: Dubai free zones provide a flexible and business-friendly legislative environment, facilitating the procedures for establishing and operating companies.
2. Full Ownership: Foreign companies can own and operate 100% of their business without the need for a local partner.
3. Foreign Investment: Dubai free zones encourage foreign direct investment and provide a favorable investment environment.
4. Customs facilities: Free zones provide customs facilities such as not imposing customs duties on import and export and not imposing taxes on profits.
5. Advanced Infrastructure: Dubai provides advanced infrastructure that supports business and facilitates access to global markets.
6. Strategic Location: Dubai is located in the heart of the Middle East, making it a strategic center for global trade and access to new markets.
7. Logistics Infrastructure: Dubai is characterized by an advanced logistics infrastructure that facilitates the movement of goods and goods smoothly and efficiently.

In addition, Dubai free zones offer a variety of services and facilities such as logistical, technical and administrative support, making them an ideal choice for entrepreneurs wishing to establish their companies in a conducive and innovative business environment.

Requirements for establishing a company in the Dubai Free Zone

Establishing a company in the Dubai Free Zone requires compliance with several legal and administrative requirements. Among these requirements:

• Choosing a company type: Investors should choose the appropriate company type, such as a limited liability company (LLC), sole proprietorship, or joint stock company.
• Identify the business: Investors must identify the company’s proposed business activity, which must be compliant with local regulations.
• Choosing a trade name: You must choose a unique name for the company and ensure that it is not similar to the names of other registered companies.
• Ownership arrangements: The ownership structure of the company must be determined, including each partner’s share in the company.
• Licenses and Permits: The necessary licenses and permits must be obtained from local authorities, and may include a work permit and residence permit for employees and shareholders.
• Visas: Work visas are required for employees and residence visas for foreign investors who will manage the company.
• Bank account: A bank account must be opened for the company in a local bank.
• Social and Health Insurance: Employees must be insured in accordance with local labor regulations.
• Company registration and payment of fees: All required documents must be submitted to the competent government authorities and the fees prescribed for establishing the company must be paid.
• Signing the necessary agreements: Some free zones may require signing agreements with local government agencies or the free zone itself.

Dubai is committed to providing a business-friendly environment, but new companies should ensure compliance with all local regulations and laws and consult with the experts of Itqan Company, one of the best local companies for establishing companies in Dubai, before starting the process.

Establishing a company in the free zone in Dubai

Commercial license to establish companies in Dubai

Establishing a company in the Dubai Free Zone in cooperation with Itqan Company requires obtaining a commercial license issued by the Emirates Business Regulatory Authority. This license is considered a legal permission that allows you to practice commercial activity in the free zone. To obtain this license, you must follow several steps:

1. You must define the company’s proposed business activity and ensure it complies with local laws.
2. Choose a unique company name and make sure it does not conflict with other company names.
3. Determine the ownership structure of the company, whether it is a sole proprietorship or joint stock company.
4. Submit an application for a commercial license to the Emirates Business Regulatory Authority and attach the required documents.
5.  You may need to obtain additional permits from relevant local authorities, such as a building permit if the company requires a workplace.
6. Pay the prescribed fees to obtain the commercial license, which may vary depending on the type of business activity and the structure of the company. After the approval of the competent authorities and payment of the fees, you will obtain the commercial license issued by the Emirates Business Regulatory Authority, and you can start practicing commercial activity.

Types of companies in Dubai 

Dubai offers a variety of company types that investors can choose according to their needs and business requirements. These types include the following companies:

In conclusion, establishing a company in the Dubai Free Zone in cooperation with Itqan Company demonstrates high efficiency and distinct opportunities for success and prosperity. Thanks to the integrated services provided by Itqan, new companies can benefit from legal, administrative and financial support that facilitates the establishment and operation process. The Dubai Free Zone provides an ideal investment environment, where companies can benefit from tax incentives and easy access to regional and international markets. By choosing to partner with Itqan, businesses can build a bright and successful future in one of the most attractive areas for investment in the world, Dubai.

Frequently asked questions about establishing a company in the Dubai Free Zone