Establishment of a company in Dubai Free Zone

Establishing a company in Dubai Free Zone. Dubai, known for its attractive business climate and advanced infrastructure, is considered one of the most important investment destinations in the world. Whether the investor is a global corporation or an aspiring entrepreneur, setting up a company in Dubai offers tremendous opportunities for growth and prosperity. However, some founders may face challenges in understanding the complex legal requirements and implementing the necessary procedures to establish a new company in the emirate.

Here the importance of cooperating with a reliable consulting company, such as Itqan Company, to obtain the necessary support and guidance during the establishment process. Itqan is a pioneer in the field of legal consultancy and incorporation in Dubai, and has a team of experts who have a deep understanding of local regulations and procedures.

Through cooperation with Itqan Company, founders benefit from integrated consulting services that include assistance in choosing the most appropriate legal structure, obtaining the required licenses and approvals, and establishing the company’s legal entity. Itqan also provides additional services such as human resources management and accounting to help founders focus on growing their business.

In light of the attractive investment climate in Dubai Free Zone and the comprehensive support of Itqan Company, entrepreneurs have a unique opportunity to establish a company in Dubai and achieve their business goals. Whether they are planning to launch a new company or expand an existing business, collaborating with Itqan represents an essential step towards sustainable success in the thriving Dubai market.

Types of companies that can be established in Dubai

Dubai, the region’s leading financial and commercial centre, offers founders and investors a wide range of options when establishing new companies in the free zone. From limited liability companies to branches and representative offices, there are many legal structures available to meet different business requirements. Types of companies that can establish a company in Dubai :

• Limited Liability Company (LLC): This type of company is the most popular choice for founders, as it provides a flexible legal structure with limited liability for shareholders.
• Branches: Dubai allows foreign companies to establish branches to represent their business in the emirate, providing direct access to the local market.
• Representative Offices: These offices allow foreign companies to establish a marketing or coordination presence in Dubai without the need to create an independent legal entity.
• Wholly-owned companies: Foreign founders can establish wholly-owned companies in Dubai Free Zone, providing them with full control of the company.
• Partnerships: Dubai Free Zone allows founders to create partnerships between local and foreign companies to leverage shared expertise and resources.

Regardless of the type of company chosen, founders should collaborate with trusted local consultants to ensure full compliance with regulations and receive the necessary support during the incorporation process.

Main steps to establish a company in Dubai

Dubai, one of the most important commercial and investment centers in the world, is known for offering an easy and attractive business environment for startups and large institutions alike. Thanks to simplified incorporation procedures and attractive investment incentives, setting up a company in Dubai has become a smooth and accelerated process. There are key steps that must be followed to make this process successful. The main steps for establishing a company in Dubai :

• Choosing a Company Type: As we discussed earlier, there are several options available such as Limited Liability Company (LLC), branches and representative offices. Determine the legal structure that best suits your business.
• Preparing the required documents: This will require preparing the company’s articles of incorporation and articles of association, as well as obtaining the necessary licenses and permits from the competent authorities.
• Choosing the location and space: You will have to choose a suitable location for the company’s office, whether in the free zone or outside it, and determine the required space.
• Open a bank account: Once you obtain your license, you will need to open a local bank account for your company to facilitate financial transactions.
• Hiring Employees: Depending on the nature of your business, you will need to hire the qualified employees necessary to run the company.
• Ongoing Compliance: After you complete the incorporation process, you will need to comply with ongoing regulatory requirements such as license renewals and tax compliance.

In collaboration with local business consultants and regulators, founders can easily follow these steps and create a successful company in Dubai.

Documents required to establish a company in Dubai

The process of establishing a company in Dubai requires a set of official documents and documents necessary to meet regulatory requirements. These documents help the competent authorities in Dubai understand and evaluate the feasibility of your business project and determine whether it is eligible for approval. Understanding these documentary requirements will help you go through the incorporation process smoothly and efficiently. Documents required to establish a company in Dubai :

• Company incorporation application: A company incorporation application form approved by the competent authority must be submitted, which includes details of the company, shareholders, and the commercial activities to be practiced.
• Company Articles of Association: This legal contract that regulates the ownership structure, management, powers, and rights and duties of shareholders.
• Articles of Association: A document that specifies the company’s operating rules and procedures that shareholders must adhere to.
• Commercial Registry Certificate: This official document proves the company’s registration in the commercial registry with the competent authorities.
• Permit to practice the activity: A permit from the competent regulatory authority to practice the commercial activities specified in the incorporation application.
• Emirates ID for shareholders: Copies of Emirates ID cards for all shareholders in the company.
• Approval of government agencies: In some cases, the company may require prior approval from certain government agencies depending on the business activity.

In cooperation with local advisors, the founders will be able to prepare these documents correctly and obtain the necessary approvals to establish their company in Dubai.

Key advantages of establishing a company in Dubai

Dubai is considered one of the most attractive areas globally to establish a business, as it provides a distinguished business environment with a set of key advantages that make it a preferred destination for investors and companies. The following are the main advantages of establishing a company in Dubai: The main advantages of establishing a company in Dubai:

Distinctive tax system: Dubai has an attractive corporate tax system, as there are no income or value-added taxes for companies registered in the region.
Strategic geographical location: Dubai is located in a strategic location between the continents of Europe, Asia and Africa, making it an ideal gateway to enter regional and global markets.
Advanced Infrastructure: Dubai features world-class infrastructure in the fields of transportation, communications and logistics, which facilitates business operations.
Ease of doing business: Dubai offers a competitive and investor-friendly business environment, with simple, fast and transparent company incorporation procedures.
Political and economic stability: Dubai has a stable and secure political and economic system, which provides a stable business environment for companies.
Facilities and incentives for companies: Dubai provides a range of attractive facilities and incentives for companies residing there, such as business support programs and real estate facilities.
High quality of life: Dubai offers a distinguished living environment by providing modern infrastructure and advanced social and entertainment services.

These multiple advantages make Dubai an ideal destination for establishing businesses and foreign investments.

Our company’s role in establishing a company in Dubai Free Zone

Companies wishing to establish their business in Dubai can take advantage of the diverse advantages offered by this developed city. As one of the world’s most attractive destinations for doing business, Dubai provides investors and entrepreneurs with a stimulating legal and regulatory framework, with an attractive tax system, world-class infrastructure, and easy and fast company establishment procedures. This is in addition to its political and economic stability and the provision of government facilities and incentives for companies residing there.

In cooperation with Itqan, one of the leading companies in the field of consulting and legal services in the region, foreign companies can benefit from the experience and support provided by this company to smoothly facilitate the process of establishing their businesses in Dubai. Itqan Company has a team of specialized legal and financial advisors who provide integrated consultations to help companies establish and grow in Dubai. These services include establishing the company in the free zone, obtaining the necessary licenses, opening bank accounts, providing offices and facilities, and providing ongoing operational and compliance support.

This partnership with Itqan Company enables companies to optimally benefit from all the advantages that Dubai offers as a preferred destination for doing business and expanding into regional and global markets. Thanks to the experience and distinguished reputation of Itqan Company, foreign companies can access a safe and stable business environment in Dubai quickly and easily.