Establishment of a company in the free zone

Establishing a Company in the Free Zone Sharjah is one of the most developed emirates in the United Arab Emirates, distinguished by its strategic location and diversified economy. Among the most important investment areas in Sharjah is the free zone, which provides an ideal environment for business. Opening a company in the Sharjah Free Zone offers many advantages that make it a favorite destination for investors and businessmen from around the world. In cooperation with Itqan Company, which has extensive experience in the field of establishing companies and providing legal and administrative consultations, investors can benefit from integrated services that facilitate the process of establishing their company and achieving their investment goals.

The Sharjah Free Zone provides a flexible environment that supports growth and commercial expansion, where investors can enjoy full ownership of their companies, in addition to easy tax and customs exemptions. This makes it an attractive option for investors who want to establish their companies in ways that guarantee them the greatest financial and logistical benefit. In cooperation with Itqan Company, investors can obtain full support in all stages of establishing the company, starting from choosing the appropriate business activity, through obtaining the necessary licenses, all the way to providing legal and administrative consultations that ensure a smooth and effective workflow.

Itqan Company is distinguished by a team of specialized experts who possess in-depth knowledge of the legal procedures and regulations in force in the Sharjah Free Zone. This team works to provide customized solutions that meet investors’ needs and help them overcome potential challenges. Through Itqan services, investors can focus on developing their business and achieving their business goals without worrying about legal or administrative procedures.

Different types of business licenses that can be obtained in the free zone

Dubai is considered one of the most prominent commercial and investment destinations in the world, and is characterized by the presence of free zones that provide an ideal environment for businesses and companies. These free zones represent advanced commercial centers that offer many facilities and benefits to investors from all over the world. Obtaining a business license in the Dubai Free Zone can be a strategic step towards achieving success and growth in the international market. The types of business licenses available in free zones vary based on the nature of the business activity that the company wishes to practice. In this context, we will review the different types of commercial licenses that can be obtained in Dubai’s free zones, which helps investors choose the most appropriate type for their business and make the most of the distinct investment environment provided by these zones. Different types of business licenses in the Dubai Free Zone

• General Trade License: This license allows companies to engage in a wide range of commercial activities, including importing, exporting, distributing and storing a variety of goods. This license is ideal for companies that want to deal in several types of products without major restrictions on the scope of the business.
• Trade License: This license focuses on specific business activities such as trading specialized products or a specific category of goods. It allows companies to trade only products authorized under the licence, providing a clear framework for niche businesses.
• Industrial Activities License: Designated for companies that wish to establish industrial and manufacturing activities within the free zone. This license includes all activities related to production, assembly, manufacturing and packaging, and is ideal for companies seeking to produce goods within the free zone.
• Services License: This license covers all types of service activities that can be provided within the free zone, such as management consulting, marketing, logistics services, and financial services. It allows companies to provide various services to their customers inside and outside the free zone.

Documents required to establish a company in the free zone

Dubai’s free zones are an ideal environment for attracting investors and establishing companies thanks to the many facilities and unique benefits they offer. Establishing a company in the Dubai Free Zone requires adhering to a set of procedures and submitting a set of necessary documents to ensure compliance with local laws and regulations. These documents facilitate the registration process and ensure that the company is organized legally and properly. In this context, we will review the documents required to establish a company in the free zone and how these documents can contribute to facilitating the establishment process and ensuring the smooth running of business. Documents required to establish a company in the free zone

• Registration application form: The first step in the company establishment process is to fill out the registration application form for the free zone in question. The form must be completed and signed by all founders.
• Copies of passports: Copies of passports must be provided to all relevant shareholders and directors of the company. These copies must be clear and up-to-date.
• Letter of Intent: The letter of intent includes information about the type of business activity the company will undertake and its goals. This letter should explain the founders’ intention to establish the company and their long-term goals.
• Business Plan: A detailed business plan must be submitted that explains the business activity, the services or products the company will provide, the target market, the business strategy, and financial projections.
• Board of Directors Resolution: If the founding company is already located in another country, a resolution must be submitted by the company’s board of directors approving the establishment of a branch or subsidiary in the Dubai Free Zone.
• Copies of business license: If the founders own other companies, copies of the business licenses of these companies must be provided. This helps provide background on the founders’ experience in the business.

The main advantages of establishing a company in the free zone

Dubai is one of the world’s leading destinations for investment and business establishment, due to its thriving economic environment and business-friendly policies. Among the most attractive areas for investors in Dubai are the free zones, which provide multiple advantages that make them an ideal choice for establishing companies. Establishing a company in the free zone gives investors many benefits that enhance their chances of success and business growth. In this article, we will review the main advantages of establishing a company in the Dubai Free Zone and how these advantages can support the achievement of investors’ business goals. The main advantages of establishing a company in the free zone

• Full Foreign Ownership: One of the biggest advantages that Dubai free zones offer is allowing foreigners to own 100% of a company’s shares. This means that foreign investors do not need a local partner, which enhances their control over their business and strategic decisions.
• Tax exemptions: Companies established in free zones enjoy comprehensive tax exemptions, including exemption from personal income tax and corporate tax for long periods of up to 50 years, with the possibility of renewal. This makes free zones an attractive environment for investors looking to reduce tax burdens and increase profits.
• Ease of transferring profits and capital: Free zones allow full transfer of profits and capital abroad without any restrictions. This guarantees investors the freedom to dispose of their money and the ability to reinvest it at any time.
• Easy and fast establishment procedures: Free zones in Dubai are distinguished by simple and fast procedures for establishing companies. Registration and licenses can be completed in a very short time compared to other regions, which helps investors start their businesses quickly.

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

Establishing a company in the Sharjah Free Zone is a strategic step towards achieving commercial and investment success, as the region provides an ideal environment that combines great facilities and continuous government support. In cooperation with Itqan Company, investors can make the most of the opportunities available in this promising region. Itqan is distinguished by its extensive experience and a professional team dedicated to providing integrated services covering all aspects of establishing companies, from licensing and legal procedures to administrative and financial consultations.

The process of establishing a company in the free zone may seem complicated to new investors, but with Itqan support, it becomes easier and smoother. The company provides customized solutions that suit the needs of each investor, ensuring that companies are established in an efficient manner and in record time. This cooperation is not limited to just establishing the company, but extends to include post-establishment stages, as Itqan provides continuous support to ensure business continuity and success. The team at Itqan works hard to provide an ideal work environment that allows investors to focus on developing their business and achieving their goals with ease.

Leveraging Itqan’s expertise and deep knowledge of regulations and legal procedures in the free zone can have a significant impact on the success of new companies. The support provided by the company helps reduce administrative burdens and ensures full compliance with local laws, protecting investors from any potential legal issues. This partnership makes establishing a company in the free zone a deliberate and safe step that contributes to achieving success and sustainability.

In the end, it can be said that cooperating with Itqan Company to establish a company in the Sharjah Free Zone is a smart decision for any investor seeking success and excellence in a competitive business environment. Thanks to the distinguished services and continuous support provided by Itqan, investors can achieve their goals and expand their business with confidence and reassurance. The Sharjah Free Zone offers many investment opportunities, and with the right partner like Itqan, these opportunities become clearer and easier to achieve. If you are looking for a strong and sustainable start for your business in the Emirates, establishing a company in the free zone in cooperation with Itqan is the perfect choice to achieve this.

Frequently asked questions about a company in the free zone