Establishing a company in the free zones in the Emirates
Companies wishing to establish their businesses in the free zone enjoy greater flexibility in choosing multiple commercial activities or service activities that are compatible with the nature of their work, in addition to the tax exemptions that distinguish the free zone, which is one of the biggest factors that attract many new entrepreneurs, which is This contributes to enhancing investors’ experience when convening or establishing companies in the free zone and conducting their business there.
Costs of establishing a company in Dubai
The costs of establishing a company in Dubai free zone are mainly limited to several expenses, which are as follows:
- Cost of commercial license expenses (license to practice business)
- The price of purchasing the office location or the company through which you conduct your business, whether renting or purchasing.
- The price of purchasing furniture and decor for the office in which you conduct your business.
- The price for obtaining work permits for sponsored employees and the required visas for them under the name of your current company.
- The price of opening a new account in the name of the company in a bank and depositing the minimum capital according to the type of business activity.
- The amount of the cost of the company’s legal form plays a fundamental role in the increase or decrease in the cost of establishment, as the costs of establishing industrial companies are higher than the cost of establishing commercial and professional companies.
- Finally, the price for the commercial license.
Steps to establish a company in the free zone:
Now, regardless of your financial ability or what you set a financial budget for establishing and establishing any of the investment projects in Dubai or establishing a company in Dubai, you can now establish any An investment project or service in Dubai due to the multiple needs of the UAE and also due to the ease of providing methods for establishing investment projects there, but it is necessary to know the appropriate and basic steps in establishing a company in Dubai, which are as follows:
1- Determine the nature of the company’s activity:
Determining the nature of the company’s activity is considered one of the most important procedures imposed by the UAE Law of 2009 for establishing companies in Dubai and this works to facilitate the procedures as determined later. This includes parties associated with the company’s activity and the permitted legal forms.
There are approximately 2,000 economic activities permitted in the UAE, and economic activities are classified into three main types: commercial activity (real estate, leasing, transportation, transportation, financial intermediation, wholesale, retail, storage, and communications), professional activity (agriculture, health, social work, education, and various service activities related to In society, any activity that depends on physical and mental activity to practice it), and finally industrial activity, which includes (conversion industries such as mining, water, electricity, and quarrying), and there are also some tourism activities.
2- Determine the legal form of the company:
Here we are talking about the legal form of the new company that will be established. This form depends on the nationality of its owners, and the legal form of the company that you plan to establish in Dubai is as follows:
- Joint company.
- Limited Liability Company.
- Public Shareholding Company.
- Private equity company.
- Civil works companies.
3- Trade name registration:
The third step in establishing companies is specifying the trade name in Establishing a company in Dubai, which is what distinguishes one commercial license from another, and it is also The trade name is related to the form and activity of the commercial company and is met with several important conditions that the Department of Economic Development stipulates on the trade name before approving the name, namely that the company’s trade name does not contain words inappropriate for the country, that it does not violate the public and private taste of the country, and that the trade name accurately reflects the commercial activity. And clearly.
4- Obtaining initial approval:
After determining the legal activity of the company and its legal form as well, and registering its trade name, you must now obtain initial approval for the economic activity of the company and follow up in order to obtain the approval of the authorities related to the activity.
5- Preparing the articles of incorporation and choosing a location for your business:
Here comes the moment of concluding or preparing the contract designated for establishing a company in the Dubai Free Zone. The contract of incorporation must be presented in agreement between you and the competent authorities in Jebel Ali. You must also choose a location to establish the company in the free zone or establish a company in Jebel Ali to conduct business. All established companies must It must have a physical address located in the United Arab Emirates, and this headquarters must meet the specified requirements and land allocation regulations previously, in addition to having an existing license.
6- Obtaining approvals from the authorities concerned with the facility’s activity
Some commercial activities and projects require obtaining additional approvals from the competent authorities for those projects and activities concerned with them, such as approval from the Ministry of Economy, or specialized approval from the Ministry of Interior, or specialized approval from the Ministry of Justice, or approval from Civil Defense if the activity, for example, is related to the activities of selling equipment. Firefighting.
7- Obtaining the license
After completing all the previous steps to prepare and establish an investment company in Jebel Ali or establish a company in the Dubai Free Zone, you can now receive the commercial activity license. Attach some of the required papers and documents, including the steps for economic development, and pay the commercial license fees for establishing the company. Then, after registration is completed in the Chamber of Commerce, you become a member. Our services guide you through this entire process, ensuring a smooth acquisition of your Business Trade License in Dubai or instant license in Dubai . Additionally, we provide details on how to obtain a commercial license, offering comprehensive support for your business endeavors in Dubai.
Establishing a company in the free zones in the Emirates
A person begins to establish in order to achieve a specific goal, even if that company is established by one or more individuals, but the desired goal of establishing that company is the same, even if there are multiple partners, and the conditions related to establishing the company differ from one country to another, as well as the facilities granted at the beginning of the establishment and during Company building.
Establishing a company in the Jebel Ali free zone area allows the establishment of three types of companies, and each type of these companies has features and options that suit the business you wish to carry out. We will show you a number of features and offer a number of facilities in the Jebel Ali area. We offer you the cheapest offices in places with features and spacious spaces, in addition. To provide the founder with the freedom of choice to divide the company’s space, in order for the division to be made in a way that suits its special character.
The investor wishing to establish his company in the Jebel Ali region must provide the legal documents for establishing the company, as well as the data of all partners, if any, and specify the activity for which the company will be established.
Papers you need to establish the company:
- The form must be submitted as an application for incorporation.
- An original and a copy of the passport must be presented to all partners in the company.
- A partial explanation of the project and its goal.
- There is a minimum capital that cannot be less than.
- A certificate from the sponsor that the sponsor does not object to those in charge of the project.
- A declaration relating to the commitment to environmental, health and safety management.
- An explanation of the shareholder’s personality is provided in addition to a decision issued by the Board of Directors and authorization.
- A statement signed by the director.
This is in addition to a number of additional papers provided by the company’s managers. All of these papers do not require a lot of time or effort, as the Jebel Ali system provides advantages and facilities in taxes and customs facilities, as well as the provision of trained workers with high technical expertise, and low-priced energy. What it provides makes… Among them is a fertile field for investors, in addition to the laws related to investment protection and the right of ownership for foreigners within the framework of the law or investment.
Our company has a professional team ready to help you establish your business easily (commercial register – equipped offices – investor residency). Thanks to our integrated services, you can establish your company using models specifically designed to suit your needs.
Our office provides you with the support you need to establish your business by giving you a range of options that allow you the freedom to determine the optimal path that suits your personal requirements. In addition, you will receive assistance in every step of the establishment, starting from submitting the application, through registering company information, choosing the activity, and ending with renting the headquarters and obtaining the license. Our comprehensive services cover vital aspects such as trade license fees in Dubai and provide guidance on the steps to register a company in Dubai. This ensures a seamless and well-informed process for your business setup.
Advantages of establishing a company in the Dubai Free Zone
There are many features that distinguish companies located in the free zone from other companies, including:
- The company in the free zone can be 100% owned by a person, even a foreigner.
- Ownership does not require a partner or sponsor from the Emirates.
- 100% capital and profits are recovered.
- Exemption from taxes and customs duties.
- Raising corporate tax and income tax costs.
- There are no restrictions or conditions on the use of different currencies.
Types of companies in the free zone
The free zone in Dubai provides different types of companies that are established in it, and each type has different advantages that suit your business, and you can choose between:
- Free zone establishment
This is formed by a company or one person and requires a certain capital, the minimum of which is one thousand UAE dirhams.
- A subsidiary of a company
As it is possible for any foreign company to establish a branch in the free zone, and in this case no capital is required
The best company for establishing companies in the free zone
Our company works to help clients establish companies in the free zone as it is the first company that works to reduce the investor’s effort and save him time, thus helping him In completing all the required tasks, starting from choosing the location necessary to establish the company until obtaining the commercial license, all of this is done at the lowest cost. Our company always seeks to serve you, so do not hesitate to contact us to obtain many of the services provided by the company.
Empower your business journey with our expert guidance! As your dedicated business setup consultant in Dubai, we offer innovative solutions tailored to your needs. From navigating free zones to thriving on the mainland, Al Ghaf Golden Business Group provides comprehensive services. Elevate your business within global incubators. Partner with us for seamless business setup – Your key to success in Dubai and beyond.
