{"id":52780,"date":"2024-07-06T11:41:51","date_gmt":"2024-07-06T08:41:51","guid":{"rendered":"https:\/\/dubaifreezoneinvest.com\/?p=52780"},"modified":"2024-07-25T11:44:30","modified_gmt":"2024-07-25T08:44:30","slug":"the-cost-of-establishing-a-company-in-the-dubai-free-zone","status":"publish","type":"post","link":"https:\/\/dubaifreezoneinvest.com\/en\/the-cost-of-establishing-a-company-in-the-dubai-free-zone\/","title":{"rendered":"The cost of establishing a company in the Dubai Free Zone"},"content":{"rendered":"
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Some investors would like to know how much does it cost to establish a company in the Dubai Free Zone? Because the free zones in Dubai are known to be one of the largest places with a wonderful infrastructure suitable for establishing companies in all fields, in addition to the fact that the free zones in Dubai are the best area to establish a guaranteed and successful business activity, you have a wide range of advantages that the UAE government provides you .<\/span><\/p>\n

In this article, we will discuss the most important elements that can be studied for\u00a0<\/span>establishing a company in the<\/span><\/strong>\u00a0Dubai Free Zone and the necessary fees in order to determine the cost of establishing a company in the Dubai Free Zone in cooperation with Itqan Company, which is one of the best local companies working on establishing companies in the Dubai Free Zone. Dubai and all its free zones, so contact us to learn about all the services we provide in investing in the Emirates and in the field of establishing companies.<\/span><\/p>\n

\"Establishing<\/p>\n

Establishing a company in the free zone in Dubai<\/span><\/strong><\/p>\n<\/div>\n

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Establishing a company in the free zone in Dubai<\/span><\/span><\/h2>\n

Establishing a company in the Dubai Free Zone<\/span><\/strong>\u00a0in cooperation with Itqan Company is an ideal choice for investors looking to benefit from the thriving investment environment and advanced infrastructure in Dubai. This move includes many benefits that make Dubai an attractive destination for business. First, free zones in Dubai provide multiple tax privileges, as companies can enjoy complete tax exemption on income and profits for a period of up to 50 years, in addition to the freedom to completely transfer funds and profits outside the country.<\/span><\/p>\n

Itqan Company provides comprehensive support for establishing companies in free zones, by providing specialized consultations and simplified procedures for registering companies. Itqan helps investors choose the free zone that best suits the nature of their business activity, whether it focuses on trade, logistics, manufacturing, or even technology. In addition, Itqan provides legal and administrative support to ensure companies comply with all local and international regulations and legislation, allowing business owners to focus on growing their business without worrying about legal and administrative matters.<\/span><\/p>\n

Another benefit of establishing a company in the free zone in cooperation with Itqan is obtaining various and quickly issued licenses, which allows the start of commercial operations immediately. Free zones also provide advanced infrastructure that includes equipped offices, warehouses, and advanced transportation networks, which contributes to facilitating business operations and achieving operational efficiency.<\/span><\/p>\n

In cooperation with Itqan, investors receive continuous guidance and guidance from experts specialized in the field of establishing companies, which enhances the chances of success and reduces risks. In short, establishing a company in the Dubai Free Zone in cooperation with Itqan Company represents a strategic step that opens the doors to broad investment opportunities in one of the most dynamic cities in the world.<\/span><\/p>\n

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The cost of establishing a company in the free zone in Dubai<\/span><\/strong><\/span><\/h2>\n

The cost of establishing a company in the<\/span><\/strong>\u00a0Dubai Free Zone varies from one free zone to another due to the different nature of the activities supported by each free zone in Dubai.<\/span><\/p>\n

Here are the most important elements needed in order to determine the cost of establishing a company in the Dubai Free Zone:<\/span><\/p>\n

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  1. Company registration fees\u00a0<\/span><\/strong><\/li>\n<\/ol>\n

    A one-time payment to the authorities in the free zone during company registration. The fee is determined as a result of the legal form of the company and in accordance with the free zone.<\/span><\/p>\n

    The cost of registering a company in a free zone in Dubai varies greatly, ranging from nine thousand UAE dirhams to ten thousand UAE dirhams.<\/span><\/p>\n

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    1. License fees<\/span><\/strong><\/li>\n<\/ol>\n

      License fees vary from one free zone to another according to the type of zone. There are three types of licenses: trade, industry, and professional services.<\/span><\/p>\n

      License fees are paid annually, and range from ten thousand UAE dirhams to fifty thousand UAE dirhams.<\/span><\/p>\n

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      1. Office fees<\/span><\/strong><\/li>\n<\/ol>\n

        To obtain a license, an office must be available or rented to work in the free zone in Dubai. Each free zone has office spaces appropriate to the needs and nature of the work, and some of them contain warehouses for storage if appropriate to the nature of the activity and the area, and many necessary services such as banking services and others.<\/span><\/p>\n

        The office fees are estimated at approximately fifteen to twenty thousand UAE dirhams.<\/span><\/p>\n

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        1. capital<\/span><\/strong><\/li>\n<\/ol>\n

          The capital required within the cost of a company in the Dubai Free Zone varies depending on the free zone. The required capital ranges from one thousand UAE dirhams to one million UAE dirhams according to the commercial activity and licenses.<\/span><\/p>\n

          Need more information and accurate numbers about the cost of establishing a company in the Dubai Free Zone?<\/span><\/p>\n

          Contact us. We are experienced in establishing companies in free zones in Dubai and we have a trained work team to serve customers with high efficiency. Contact us now.<\/span><\/p>\n

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          How to establish a company in the free zone in Dubai<\/span><\/span><\/h2>\n

          Establishing a company in the Dubai Free Zone<\/span><\/strong>\u00a0involves several main steps. Below are the general steps for establishing a company in one of the free zones in Dubai:<\/span><\/p>\n

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          • Choosing the type of business:<\/span><\/strong>\u00a0You must determine the type of business activity you intend to engage in. The type of license required varies depending on the type of business activity (commercial, industrial, service, etc.).<\/span><\/li>\n
          • Choosing a free zone:<\/span><\/strong>\u00a0Dubai contains several free zones, and each zone specializes in a specific type of commercial activity. You must choose the free zone that suits your type of business.<\/span><\/li>\n
          • Submit an application for a trade name:<\/span><\/strong>\u00a0You must submit an application for a trade name for your company and verify its availability. This request can be submitted to the chosen free zone authority.<\/span><\/li>\n
          • Submitting an application for incorporation:<\/span><\/strong>\u00a0After obtaining approval for the trade name, an application must be submitted to establish the company. This application includes filling out the incorporation application form and submitting the required documents.<\/span><\/li>\n
          • Preparing legal documents:<\/span><\/strong>\u00a0These documents include the company\u2019s articles of association and articles of association. These documents must be certified and signed according to local laws.<\/span><\/li>\n
          • Renting an office or work space:<\/span><\/strong>\u00a0After obtaining initial approval, an office or work space must be rented within the free zone. Some free zones provide ready-made offices for startups.<\/span><\/li>\n
          • Obtaining approvals and licenses:<\/span><\/strong>\u00a0After submitting all documents and paying the necessary fees, you will obtain the final approvals and licenses required to operate your business.<\/span><\/li>\n
          • Opening a bank account:<\/span><\/strong>\u00a0After receiving the license, you can open a bank account for the company in one of the recognized banks in the Emirates.<\/span><\/li>\n
          • Registration with government bodies:<\/span><\/strong>\u00a0You may need to register with some other government bodies, such as the Department of Economic Development or the Chamber of Commerce, depending on the requirements of your business.<\/span><\/li>\n
          • Starting commercial operations:<\/span><\/strong>\u00a0After completing all the previous steps, you can start operating your company and conducting your commercial activity. It is also preferable to cooperate with consulting companies such as Itqan to facilitate the process of establishing the company and ensure compliance with all regulations and laws.<\/span><\/li>\n<\/ul>\n

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            Conditions for establishing a company in the free zone<\/span><\/span><\/h2>\n

            Establishing a company in the Dubai Free Zone<\/span><\/strong>\u00a0requires compliance with a set of conditions imposed by local authorities to ensure the process runs smoothly and efficiently. Below are the basic conditions for establishing a company in the Dubai Free Zone:<\/span><\/p>\n

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            1. Determine the type of commercial activity:<\/span><\/strong>\u00a0The commercial activity to be carried out must be determined, as the nature of the activity affects the type of license required and the documents required.<\/span><\/li>\n
            2. Choosing a trade name:<\/span><\/strong>\u00a0A trade name must be chosen that complies with the laws and regulations of the Department of Economic Development in Dubai. The name must not be previously used and reflect the type of business.<\/span><\/li>\n
            3. Investors and their nationalities:<\/span><\/strong>\u00a0Free zones allow full foreign ownership (100%) of companies, but the identity of investors and their nationalities must be specified in the incorporation documents.<\/span><\/li>\n
            4. Capital:<\/span><\/strong>\u00a0Capital requirements vary depending on the free zone and type of business activity. Some free zones may not impose a minimum capital, while others may require a certain limit.<\/span><\/li>\n
            5. Legal documents:<\/span><\/strong>\u00a0include the company\u2019s articles of incorporation and articles of association, in addition to copies of the passports of partners or shareholders.<\/span><\/li>\n
            6. Approvals and licenses:<\/span><\/strong>\u00a0You must obtain the necessary approvals from the competent authorities in the free zone in which you wish to establish the company.<\/span><\/li>\n
            7. Location:<\/span><\/strong>\u00a0An office or work space must be rented within the free zone. Some free zones offer ready-made offices for startups.<\/span><\/li>\n
            8. Submitting a business plan:<\/span><\/strong>\u00a0Some free zones may request the submission of a detailed business plan explaining the company\u2019s goals and expected activity.<\/span><\/li>\n
            9. Fees:<\/span><\/strong>\u00a0Includes fees required to register the company and obtain licenses. These fees vary based on the type of business and the free zone chosen.<\/span><\/li>\n
            10. Opening a bank account:<\/span><\/strong>\u00a0After obtaining the license, a bank account must be opened for the company in one of the recognized banks in the Emirates.<\/span><\/li>\n
            11. Registration with government bodies:<\/span><\/strong>\u00a0Business activity may require registration with some other government bodies such as the Chamber of Commerce or the Department of Economic Development.<\/span><\/li>\n<\/ol>\n

              By fulfilling these conditions, you can begin the actual process of establishing your company in the Dubai Free Zone. Hiring a consulting firm such as Itqan can facilitate the process and ensure compliance with all legal and administrative requirements.<\/span><\/p>\n

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              \"How<\/p>\n

              How to establish a company in the free zone in Dubai<\/span><\/strong><\/p>\n<\/div>\n

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              Advantages of establishing a company in the free zone<\/span><\/span><\/h2>\n

              Establishing a company in the Dubai Free Zone offers many advantages that make it an attractive option for local and international investors. Here are some of the most important advantages:<\/span><\/p>\n

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              1. Full Foreign Ownership:<\/span><\/strong>\u00a0Dubai free zones allow full (100%) foreign ownership of companies, which means there is no need for a local partner.<\/span><\/li>\n
              2. Tax exemptions:<\/span><\/strong>\u00a0Companies in free zones enjoy comprehensive tax exemptions on income and profits for long periods that may reach 50 years, in addition to not imposing taxes on import and export.<\/span><\/li>\n
              3. Freedom to transfer funds:<\/span><\/strong>\u00a0Companies can transfer profits and capital outside the UAE without any restrictions, making it easier to manage international financial operations.<\/span><\/li>\n
              4. Advanced infrastructure:<\/span><\/strong>\u00a0Free zones provide a modern and advanced infrastructure that includes equipped offices, warehouses, and advanced transportation networks, which contributes to improving operational efficiency.<\/span><\/li>\n
              5. Simplified establishment procedures:<\/span><\/strong>\u00a0Free zones offer simplified and fast establishment procedures, as licenses and approvals can be obtained in a short time compared to traditional procedures outside free zones.<\/span><\/li>\n
              6. Supportive business environment:<\/span><\/strong>\u00a0Many free zones provide logistical and administrative support services to companies, including recruitment, accommodation and financial management services, which helps companies focus on growing their business.<\/span><\/li>\n
              7. Strategic Location:<\/span><\/strong>\u00a0Dubai is located in a strategic location linking the markets of Asia, Europe and Africa, facilitating access to a wide range of international markets.<\/span><\/li>\n
              8. Flexibility in commercial activities:<\/span><\/strong>\u00a0Companies in free zones can practice a wide range of commercial, service and industrial activities, with the ability to easily expand the scope of business.<\/span><\/li>\n
              9. Government support:<\/span><\/strong>\u00a0Free zones enjoy strong government support, ensuring a stable and safe investment environment for companies.<\/span><\/li>\n
              10. Visas and Residence:<\/span><\/strong>\u00a0Free zones provide facilities for issuing work and residence visas for employees and workers in companies, which facilitates the recruitment of international and local talent.<\/span><\/li>\n<\/ol>\n

                By choosing to establish a company in one of the free zones in Dubai, investors can benefit from these multiple advantages to ensure the success and sustainability of their business in a flexible and supportive business environment.<\/span><\/p>\n

                At the conclusion of this article, it is clear that\u00a0<\/span>establishing a company in the Dubai Free Zone<\/span><\/strong>\u00a0in cooperation with Itqan Company represents a strategic and smart step for investors aspiring to benefit from the thriving investment environment and advanced infrastructure that Dubai offers. Thanks to numerous benefits such as full foreign ownership, tax exemptions, advanced infrastructure, and simplified incorporation procedures, new companies can successfully launch and achieve sustainable growth. In cooperation with Itqan, investors can obtain the comprehensive support and guidance necessary to establish their companies easily and quickly, allowing them to focus on growing their business and achieving their business goals. Dubai, thanks to its strategic location and business-friendly environment, remains an ideal destination for establishing companies and exploring promising investment opportunities in the free zone.<\/span><\/p>\n

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                Frequently asked questions about establishing a company in the free zone<\/span><\/span><\/h2>\n
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                What are the free zones in Dubai?<\/span><\/h3>\n
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                Dubai free zones are special economic zones designed to attract foreign investment and provide a favorable business environment for companies by offering tax incentives and exemptions. Some of the popular free zones in Dubai include: Jebel Ali Free Zone (JAFZA), Dubai Media City (DMC), Dubai Internet City (DIC), and Dubai International Airport (DAFZA).<\/span><\/p>\n<\/div>\n<\/div>\n<\/section>\n

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                What are the benefits of establishing a company in the Dubai Free Zone?<\/span><\/h3>\n
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                • Benefits include full foreign ownership (100%):<\/span><\/li>\n
                • Tax exemptions on income and profits.<\/span><\/li>\n
                • Freedom to transfer money abroad.<\/span><\/li>\n
                • Advanced infrastructure and simplified and fast establishment procedures.<\/span><\/li>\n
                • A supportive business environment and a strategic location linking global markets.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/section>\n
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                  What types of licenses are available in free zones?<\/span><\/h3>\n
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                  • Types of licenses include: Commercial license for trade, import and export.<\/span><\/li>\n
                  • An industrial license for industrial and manufacturing activities.<\/span><\/li>\n
                  • A service license for service and consulting activities.<\/span><\/li>\n
                  • A general commercial license that allows practicing various commercial activities.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/section>\n
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                    What are the basic requirements for establishing a company in the free zone?<\/span><\/h3>\n
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                    Requirements include determining the type of business activity, choosing a trade name, submitting legal documents (such as passports and articles of association), renting an office or work space within the free zone, paying the required fees, and obtaining the necessary approvals and licenses.<\/span><\/p>\n<\/div>\n<\/div>\n<\/section>\n

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                    Can foreign investors fully own the company?<\/span><\/h3>\n
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                    Yes, free zones in Dubai allow foreign investors to have full (100%) ownership of the company without the need for a local partner.<\/span><\/p>\n<\/div>\n<\/div>\n<\/section>\n