Dubai Free Zone

١٨ يونيو Dubai Free Zone

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Dubai Free Zone is considered one of the most prominent economic destinations in the world, offering exciting opportunities for investment and business growth. Dubai is known for its diverse free zones that provide an ideal business environment for international and local companies. These free zones were established to promote trade and promote economic growth by offering attractive incentives to companies, including tax exemptions and full ownership by foreigners. With their unique advantages, Dubai free zones play a vital role in attracting investors and projects wishing to take advantage of Dubai’s strategic location and status as a global business hub.

Dubai Free Zone

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Dubai Free Zone

The free zones in Dubai are among the basic pillars that support the UAE economy and enhance Dubai’s position as a global center for business and investment. These areas represent an ideal environment for companies thanks to the great facilities they provide, such as full tax exemptions on profits, and no taxes on income or imports, which contributes to significantly reducing operational costs. Free zones also provide full ownership to foreigners without the need for a local partner, enhancing Dubai’s attractiveness as an investment location. In addition, free zones are characterized by the presence of advanced infrastructure that includes modern offices, warehouses, and logistical facilities that contribute to facilitating business operations.

Each free zone in Dubai offers a variety of economic activities, allowing companies to choose what is most suitable for them based on the nature of their business. This flexibility, coupled with the speed of administrative procedures and the facilitation of the process of obtaining licenses, makes Dubai a preferred destination for investment. Dubai’s strategic geographical location also contributes to linking companies with the Middle East, Asia and African markets, which enhances the possibilities for expansion and growth.

How to establish a company in the free zone in Dubai

Establishing a company in the Dubai Free Zone includes several main steps, which can be summarized as follows:

Choosing the appropriate free zone : Select the free zone that suits your type of business and your needs. Each free zone in Dubai differs in terms of the facilities and activities permitted.
Determine the type of company and its activity : Choose the type of company you wish to establish, whether it is a limited liability company (LLC), a branch of a foreign company, or an individual company. Select the business you would like to do.
Preparing the necessary documents : Prepare the required documents such as passport, residence visas, and CV, in addition to information about the business activity and place of work.
Submit a license application : Submit a license application in the selected free zone, which includes details about the company’s activity and supporting documents. You can get help from companies specialized in this field such as Atqan.
Choose an office or commercial space : Choose an office or commercial space according to your business needs. Most free zones offer flexible options to suit different company sizes.
Signing the contract : After approving the application, you will need to sign the office or commercial space lease contract and submit it to the relevant authorities.
Completing the legal procedures : Complete the legal procedures such as registering the company, obtaining a trade license, and registering the trademark if necessary.
Opening a bank account : Open a bank account for the company in a local bank to facilitate financial operations.
Employment of employees : If you plan to employ employees, process their work visas and register them in accordance with applicable regulations.
Starting commercial operations : After completing all the steps, you can start commercial operations and work on developing your activity in the market.

Conditions for establishing a company in the free zone in Dubai

Establishing a company in the Dubai Free Zone requires adherence to some basic conditions that differ slightly between free zones, but there are general requirements that are common to most zones. The main conditions include:

Choosing a business : The business must be carefully selected according to the list of activities permitted in the free zone you choose. Some activities may require additional approvals.
Personal Documents : Submit a valid passport for all founders, directors and investors, along with a certified copy of their ID card.
Legal documents : Submitting legal documents such as the company’s articles of incorporation and articles of association. You may also need to submit resumes of the founders and directors.
Choosing a trade name : Choose a trade name that is compatible with local laws and regulations. The name must not be similar to the name of another company registered in the Emirates.
Providing an office or commercial space : Providing an office or commercial space within the free zone. This requires signing a lease contract with the free zone administration.
Determining capital : Determining the capital required to establish the company, which varies according to the type of company and commercial activity. Some areas may require a minimum capital.
Licenses and Approvals : Submit an application for the appropriate business license. You may need to obtain additional approvals from relevant authorities depending on the type of activity.
Opening a bank account : Opening a bank account for the company in a local bank to facilitate the company’s financial operations.
Hiring Employees : If you plan to hire employees, you must adhere to laws regarding work visas and registration procedures.
Registration with local authorities : Register the company with the relevant local authorities and obtain all necessary permits to operate.

The importance of the free zone in Dubai in establishing companies

The Dubai Free Zone plays a vital role in establishing companies and attracting investments, thanks to the many advantages it provides. Here are some reasons why Dubai free zones are so important for business establishment:

Free zones provide tax exemptions on profits and income taxes, which reduces companies’ operational costs and contributes to enhancing profitability.
Foreigners can own companies outright without the need for a local partner, providing them with complete control over company operations and decision-making.
Free zones contribute to accelerating the process of establishing companies by providing simplified registration procedures and flexible administrative procedures.
Free zones provide high-quality infrastructure that includes offices, warehouses, and logistical facilities that contribute to supporting commercial activity and facilitating operations.
Dubai is located in a distinct geographical location linking the Middle East, Asia and Africa markets, which enhances expansion and growth opportunities for companies.
Free zones contribute to facilitating obtaining work and residency visas for employees, which facilitates the recruitment of the necessary competencies for the company.
Free zones provide a flexible business environment that allows various business activities to be conducted, allowing companies to adapt to market requirements.
Free zones provide protection for intellectual property and trademarks, ensuring that companies’ rights and ideas are protected.
Thanks to these advantages, Dubai’s free zones are a favorite destination for investors and entrepreneurs seeking to establish new companies and explore growth opportunities in a thriving business environment.

The best company for establishing companies in the Dubai Free Zone

Itqan Company is considered one of the most prominent companies specialized in providing company establishment services in free zones in Dubai, and is distinguished by its excellent reputation and extensive experience in this field. Itqan provides a comprehensive range of services that include registering companies, obtaining the necessary licenses, and providing legal and administrative consultations. The company is unique in its ability to provide customized solutions that suit the needs of each client, which contributes to accelerating the establishment process and simplifying procedures.

Itqan is distinguished by its ability to provide full support to customers, starting with choosing the free zone most appropriate for the company’s activity, through preparing the required documents, all the way to providing assistance in opening bank accounts and work visas. Itqan also provides its services with a high level of professionalism and transparency, which enhances customer confidence and helps them achieve their business goals efficiently.

The focus on providing customized solutions and providing ongoing support makes Itqan the ideal choice for investors and entrepreneurs seeking to establish successful companies in Dubai. By cooperating with Itqan, new companies can benefit from its extensive experience and benefit from a sophisticated and accessible business environment.

In conclusion, Dubai free zones remain an exciting investment option thanks to the unique advantages they provide that support business growth and facilitate establishment procedures. With tax exemptions, full corporate ownership by foreigners, and well-developed infrastructure, these areas offer an ideal environment for new businesses and ambitious investors. The ease of administrative procedures and flexibility in choosing business activities contribute to attracting companies from all over the world, enhancing Dubai’s position as a global business center. Whether you are looking to establish a small or large company, Dubai’s free zones provide you with the tools and support needed to succeed and grow in a growing and evolving market. These areas are considered a golden opportunity to benefit from Dubai’s strategic location and expand into global markets.