Establishing a company in a free zone Thanks to the strategic location and advanced infrastructure that the United Arab Emirates enjoys, its free zones have become a major destination for companies aspiring to expand their business globally. In this context, the Ras Al Khaimah Free Zone is one of the most prominent areas that attract investment, as it provides investors with many regulatory and tax advantages and incentives.

Through its partnership with “Itqan” Legal and Accounting Consulting Company, companies wishing to establish in the Ras Al Khaimah Free Zone are able to benefit from the extensive experience and deep knowledge of the legal and administrative requirements necessary for this process. “Itqan” Company has a specialized team of legal and financial advisors and experts who provide the necessary advice and support to investors throughout the various stages of establishment.

With the support of Itqan, investors are able to fulfill all the legal and administrative requirements necessary to establish a company in the RAK Free Zone smoothly and efficiently. From choosing the appropriate business activity to completing all registration and licensing procedures, Itqan provides comprehensive and integrated support to investors throughout this process. Thus, investors are able to focus on developing their business and expanding into their target markets without the hassle of dealing with administrative and legal details.

Establishing a company in the free zone

Establishing a company in the free zone

Establishing a company in Dubai Free Zone offers an excellent opportunity for investors to gain notable business advantages. The process begins by identifying the desired commercial activity and determining the free zone that suits the nature of the activity, as each zone provides a variety of facilities and benefits. After selecting the area, you must submit an application for a business license which includes providing documents such as a passport and a no-objection certificate. Once the license is obtained, investors can rent an office or work space, providing them with a fully equipped work environment.

One of the main advantages offered by free zones is tax exemptions, where companies are exempt from taxes on personal or corporate profits, as well as 100% foreign ownership. Moreover, free zones contribute to accelerating licensing and registration procedures, reducing the time required to start work. Investors can also benefit from modern infrastructure, superior connectivity, and advanced logistics services, which contribute to enhanced business operations and success. In short, establishing a company in the Dubai Free Zone is a strategic choice that is consistent with investment objectives and provides an ideal business environment.

The main advantages of establishing a company in a free zone

Investing in the free zone in the UAE is an attractive and tempting option for ambitious investors wishing to expand their business globally. These areas offer a set of key advantages that make them an ideal environment for business growth and investments.

• First, free zones in the UAE enjoy very attractive tax incentives, as companies established in them are subject to a distinct tax regime that includes full tax exemptions on profits and customs duties. This is in addition to the lack of restrictions on transferring capital or profits abroad, which enhances the attractiveness of these regions for investors.
• Secondly, free zones have a developed legal and administrative organization that provides a stable and transparent business environment for companies operating in them. The necessary procedures for establishing companies and obtaining the required licenses are completed quickly and simply, which contributes to facilitating the process of entering the market.
• Third, the free zones in the UAE have advanced infrastructure and high-quality logistical services, including transportation and communications networks and basic facilities. This is in addition to providing various office and industrial spaces that meet the needs of different companies.

In cooperation with a reliable consulting company such as “Itqan”, investors are able to benefit from these advantages and complete all legal and administrative requirements for establishing their companies in free zones easily and efficiently, enabling them to focus on developing their business and expanding in their target markets.

Basic steps to establish a company in the free zone

Establishing a company in one of the free zones in the United Arab Emirates is an important step to achieve success and business expansion at the regional and international levels. These areas have unique advantages, and to make the most of them, there are basic steps that must be followed carefully.

• First, determine the appropriate free zone: The investor must study the various free zones in the Emirates and compare them in terms of specializations, incentives, and infrastructure, to choose the best for the activity of the company to be established.
• Second, choosing the legal form of the company: The investor can register as a limited liability company (LLC), a branch of a foreign company, or any other legal form appropriate for the company’s business.
• Third, obtaining the necessary licenses: After choosing the free zone and the legal form, the investor must obtain the required licenses from the free zone authorities, such as activity licenses, commercial licenses, and others.
• Fourth, completing the financial requirements: These requirements include the paid-up capital of the company, a bank guarantee, and professional liability insurance in accordance with the requirements of the free zone.
• Fifth, choosing the company’s headquarters: The investor must choose an office or industrial space suitable for the company’s activity within the chosen free zone.

In cooperation with a specialized consulting company such as “Itqan”, the investor can benefit from the experience and support necessary to complete these steps smoothly and efficiently, which helps him establish a company in the free zone in the shortest possible time and move towards success and expansion.

The basic types of companies that can be established in the free zone

The basic types of companies that can be established in the free zone

The free zones in the United Arab Emirates are characterized by the diversity of options and opportunities available to investors wishing to establish their companies. There are several basic types of companies that can be established in these areas, meeting the needs of different sectors and economic activities. Here is a table showing the basic types of companies that can be established in Dubai free zones:

Legal and administrative requirements for establishing a company in the free zone

When establishing a company in a free zone in the United Arab Emirates, there are a number of legal and administrative requirements that must be adhered to to ensure that the company is set up properly and legally.

• First, the legal requirements: A commercial license must be obtained from the competent development authority in the free zone in which the company is to be established. You must also choose the appropriate legal form for the company, such as a limited liability company or a joint stock company. This is done by submitting the required documents, which include the company’s articles of incorporation and articles of association.
• Secondly, administrative requirements: The activities and services that the company will provide must be determined, then an application for a commercial license must be submitted, accompanied by the required documents. After obtaining the license, the company is registered in the commercial registry and a bank account is opened for it. Some free zones may require additional licenses depending on the nature of the company’s activity.

Some other requirements must also be adhered to, such as determining the paid-up capital, appointing a general manager or executive officer of the company, and providing the necessary offices or spaces. By adhering to these legal and administrative requirements, the investor can establish his company in the free zone smoothly and efficiently.

Our company’s role in establishing a company in the free zone

There is no doubt that establishing a company in  the free zone in cooperation with a specialized consulting company such as “Itqan” represents an attractive and tempting option for investors aspiring to expand their business globally. The advantages offered by free zones in the UAE, including tax and regulatory incentives and advanced infrastructure, make them an ideal environment for business growth and investments. In cooperation with “Itqan” Legal and Accounting Consulting Company, investors are able to benefit from extensive experience and in-depth knowledge of all the requirements necessary to establish their companies smoothly and efficiently.

The Ras Al Khaimah Free Zone is considered one of the most prominent areas attracting investment in the UAE, due to its strategic location and advanced infrastructure. With the support of “Itqan” Company, investors are able to fulfill all the legal and administrative requirements necessary to establish their companies in this region, enabling them to focus on developing their business and expanding in their target markets.

In conclusion, cooperation with a reliable consulting company such as “Itqan” is one of the most important success factors in establishing a successful and prosperous company in the free zone in the UAE. The experience and knowledge provided by these companies enables investors to overcome legal and administrative challenges and focus on achieving their long-term development and expansion goals.

Frequently asked questions about establishing a company in the free zone