Establishing a company in the Dubai Free Zone

There are many free zones in Dubai and their numbers are constantly increasing, and the government launched these zones to encourage investment. If you wish In establishing a company in the Dubai Free Zone, you can do this with ease, and we explain to you the advantages of establishing companies in those free zones, and the steps that must be followed to establish those companies.

 

Establishing a company in the Dubai Free Zone

 

Establishing a company in Dubai

If you would like to establish a company in the Dubai Free Zone you can do so due to the many advantages that distinguish these areas, which are:

  • Full corporate tax exemptions, as well as personal tax exemptions.
  • Providing customs benefits and some other incentives to foreign investors.
  • The possibility of owning the company alone without the need for a partner.
  • Complete exemptions from taxes related to import and export.
  • Full disposal of profits.
  • Cash transactions without restrictions.

 

Establishing a company in the Dubai Free Zone

Here are the procedures for establishing a company in the free zone. The steps for establishing a company in Dubai are the following:

  • The first and basic step to think about is identifying the appropriate activity that suits the area you want to invest in. You can choose the activity according to the activities available by the Department of Economic Development.
  • The company name must be chosen in accordance with the standards of the Department of Economic Development, and the name must not contain any offensive references. You can name the company with your name if you are sure that it is available for registration.
  • Submit an application to obtain a license. This application is submitted and this application is submitted to the administrative authority of the free zone in which it was chosen to establish a company.
  • It should be noted that you will be asked to submit your company’s business plan, in addition to submitting a completed application form for obtaining a license, and a copy of your passport.
  • Apply for a visa if you want to establish a company in the free zone.
  • Open a bank account for your company so you can invest in Dubai, taking into account that you deal with an expert to help you open an account with a bank suitable for your needs.

 

Steps to establish a company in the Dubai Free Zone

There are many steps that must be taken when wanting to start work in any of the free zones in Dubai, which are:

  • Start choosing the appropriate type of activity that you want to practice within your company so that you can determine the type of business license that must be obtained.
  • Make sure to determine the basic costs of the project, and determine the capital required to establish the company.
  • Choose the trade name that suits the nature of the activity you provide, taking into account that this name complies with the conditions of the Departments of Economic Development.
  • Consider applying for a commercial license that suits the type of activity you wish to practice in the company.
  • Make sure to choose a distinctive geographical location for the company that provides transportation and various services around it. Because this contributes to the company’s success.
  • Submit a form to obtain initial approval, taking into account that this form contains all the required data.
  • Submit an application to register the ownership of the company, provided that all data is submitted, and a legal power of attorney is submitted to authorize a director of the company who has been appointed by the Board of Directors.
  • Taking into account the submission of a special form for the director’s signature, a personal photo of him with a white background, and information about the capital contributed.

 

Cost of a business license in Dubai Free Zone

You must be well aware thatThe cost of a commercial license varies from one free zone to another, and varies depending on the type of activity that the investor wishes to practice, because each A free zone offers various advantages to investors who wish to establish a company in the Dubai Free Zone. There are many free zones that require a minimum capital to start establishing a company, and there are some areas that do not require this.

The minimum for establishing a company in the Dubai Airport Free Zone is one thousand dirhams, but in the free zone in the Dubai Multi Commodities Center, some packages are offered for establishing companies, and there is a special package for startup companies and packages for small projects, as well as medium projects, with a value of 43,620 thousand dirhams, and there are A package for medium and large projects worth AED 75,880 thousand.

 

Benefits of establishing a company in the Dubai Free Zone

There are many benefits of establishing a company in any of the free zones in Dubai, the most important of which are:

  • Being able to complete the establishment procedures easily.
  • The possibility of owning the company 100% without the need to have a partner with you, or a local sponsor who shares ownership of the company with you.
  • Ability to establish companies and businesses in various fields using flexible methods.
  • Providing many financial support and sponsorship services provided by the various free zones to entrepreneurs in Dubai, and providing them with many different services.
  • In addition to providing many different services that suit the specific needs of investors, they also provide them with a license depending on the requirements of the business they wish to invest in.
  • Corporate tax exemption and personal tax exemption, get a lot of incentives to foreign investors and other customs advantages.
  • Tax exemption from import and export taxes, because many free zones are located at ports.

 

Advantages of establishing a company in the Dubai Free Zone

There are many advantages that result from establishing a company in the free zones in Dubai, including:

  • Both the investor and his family obtain a visa for 3 years.
  • The investor’s right to benefit from tax exemptions, in addition to the investor’s right to obtain a tax residency certificate.
  • Obtaining a distinct economic and commercial basis, if you choose a free zone specialized in the activity you wish to practice.

 

Requirements for starting any activity in Dubai

There are many requirements that must be met when wanting to establish a company in the Dubai Free Zone, which are:

  • Plan well for the field you want to work in, and choose the activity you want to practice that suits the free zone in which you want to establish the company.
  • You can rely on an expert in investment and economics to plan well to reach the desired goal.
  • You must choose the location of your company in the free zone specialized in this field to ensure the success of your company.
  • Be well acquainted with the documents required to complete the procedures for establishing a company in the Dubai Free Zone, because each free zone has its own rules and conditions.
  • Consider choosing a work team that is fully familiar with the field of investment and has experience in this field, as this is one of the most important requirements for the success of any investment.
  • Good knowledge of the documents that must be submitted to obtain a commercial license, because a commercial license is the most important requirement that must be obtained.
  • Establishment costs are one of the most important requirements that must be known, because there are some free zones that specify a minimum capital for the company.

 

The free zones in Dubai are the most important areas that help in making good investments, and that is why we have explained to you the steps for establishing a company in the Dubai Free Zone because it is considered the best investment inDubai, due to the many advantages that the various free zones provide to investors and their families.

 

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