Opening a company in Dubai Free Zone

There are areas in Dubai called free zones. These areas are a geographical area in which trade takes place and many major companies and institutions are established. They contain goods that are remanufactured and stored or exported and sold according to their license. The free zone is distinguished by the fact that it is not subject to any customs duties, as it is Free zones are considered completely separate entities that are not subject to the laws prevailing in the country, as working in a free zone does not require a local sponsor. Anyone can own a 100% company in the free zone, and our company helps you own companies and establish them from the beginning. Establishing companies in free zones

We work in our company to establish companies in the Emirates, including the free zone, as we have been working in the field of establishing companies for many years, which has gained us the experience that makes us able to establish the best companies in the best locations. Our company is distinguished by providing all services at the lowest possible prices, so do not hesitate to contact us. Using our company, which works on establishing companies and serving businessmen.

Steps to establish a company in the free zone

Establishing a company in a free zone in Dubai requires following a set of organized steps. Here are the basic steps for establishing a company in a free zone:

1. Choosing the appropriate free zone: Choose the free zone that suits your type of business and your needs. Each free zone offers different advantages, such as a strategic location or specialized industries.
2. Determine the type of business activity: Determine the type of business activity you wish to practice, as this affects the type of license required. Make sure it complies with the activities permitted in the free zone.
3. Choose a business name: Choose a business name that complies with local laws and reflects the company’s activity. Make sure the name is available and not registered by another company.
4. Submitting an incorporation application: Submit an incorporation application to the free zone administration you have chosen. You can often submit the application through the free zone’s website or by visiting its office.
5. Providing the required documents: Required documents may include a passport, residence visa, personal photos, office lease contract, and articles of incorporation. Check the list of required documents for the free zone.
6. Pay the required fees: Pay the fees for establishing the company, which include licensing, registration, and rent fees. It may also include trade name registration fees and additional services.
7. License issuance: After submitting the documents and paying the fees, the free zone administration will issue the commercial license for your company. Make sure you get the original copy of the license.
8. Opening a commercial bank account: After obtaining the license, open a commercial bank account in the name of the company. You may need to submit company documents to the bank.
9. Office or facility setup: Prepare the office or commercial facility based on the lease contract provided. Ensure that you adhere to the standards required by the free zone administration.
10. Apply for Visas: Apply for residence visas for investors and employees from the Department of Naturalization and Residency. Make sure to provide the necessary documents such as the employment contract and registration certificate.
11. Starting a business: After completing all procedures and obtaining a license and visas, you can start doing business and operating your company.
12. Comply with local laws and regulations: Make sure you comply with all local laws and regulations related to your business, including tax, health and safety, and human resources management.

How to open a new company in the free zone

To open a new company in the Dubai Free Zone, you start by identifying the free zone that best suits your business, as each zone offers different benefits. After choosing a region, select the type of business you want, then choose a business name that complies with local laws. Submit the establishment application to the free zone administration, along with the required documents such as a passport and lease contract. After paying the fees, the administration will issue the commercial license. Open a business bank account in the company’s name and equip the office to the required standards. Next, apply for residence visas for investors and employees. Once you complete all the steps and obtain your license and visas, you can start your business and operate your company in accordance with local laws and regulations.

Costs of establishing a company in the free zone

The costs of establishing a company in a free zone in Dubai vary based on several factors, including the type of free zone, the size of the company, and the type of business activity. In general, the following costs include:

• License fees: The cost of obtaining a free zone commercial license, which allows the company to practice commercial activities.
• Rental costs: Rent of office or industrial space within the free zone. These costs may include office, warehouse, or factory rent, depending on the type of activity.
• Registration fees: Fees for registering the company in the free zone, which may include preparing and documenting the company’s legal documents.
• Legal incorporation costs: Fees for attorneys or legal advisors to help you prepare and document the company’s contracts and articles of association.
• Insurances: Some free zones may require certain insurances as part of the establishment requirements.
• Work visa fees: Work visa and residency fees for employees. The number of visas allowed may depend on the size of the office or workspace.
• Utility costs: These include expenses for services such as communications, electricity, and water that may be necessary to operate the company.
• Administrative costs: Additional expenses include consulting fees, translation, and other administrative expenses.

Opening a company in Dubai Free Zone

The UAE is distinguished by the fact that it has more than 40 free zones in addition to some areas that are being established. Therefore, establishing a company in a free zone is one of the difficult matters facing the investor, as it is difficult to choose between many areas. Therefore, our company, through its great experience in business management, helps Many investors choose the appropriate free zone for their business activity, as it helps in establishing and establishing a company in the free zone in the shortest time and at the lowest costs.

Recently, the UAE has turned into a large commercial center to which individuals from all countries in the world come, all for the sake of trade exchange. One of the things that has contributed to the rapid growth of the economy in the UAE is the establishment of companies in its free zones, in addition to the flexibility of the laws that the state follows and contributes to Organizing and managing businesses, making free zones the most sought-after and awaited market for everyone.

Investing in Dubai is a more than wonderful option for every investor who wants to invest his money in the Arab region and the Middle East region in general, due to the advantages and facilities that this wonderful emirate enjoys. If you are a businessman or if you are an investor (non-Emirati) and aim to establish a small, medium, or even a giant company outside the borders of your country, it is great for you to think about heading to Dubai and starting to establish your new activity there.

Advantages of establishing a company in the Dubai Free Zone

Establishing a company in a free zone in Dubai provides many advantages that make it a preferred destination for investors. Here are the most prominent advantages:

• Full foreign ownership: Foreign investors can own 100% of a company’s shares without the need for a local partner, providing them with full control of the business.
• Tax exemptions: Companies in free zones enjoy exemption from corporate and income taxes, which enhances profitability and reduces operational costs.
• Exemption from customs duties: Investors enjoy exemption from customs duties on imports and exports, which reduces costs and contributes to improving profit margin.
• Simplified registration procedures: Free zones provide simplified and fast registration and establishment procedures, allowing investors to start their businesses efficiently and quickly.
• Easy access to global markets: Free zones provide a strategic location near major ports and airports, facilitating access to global markets and promoting international trade.
• Advanced infrastructure: Free zones provide modern infrastructure that includes logistical facilities, offices, and warehouses, which supports growth and commercial expansion.
• Supportive business environment: It provides a stable business environment supported by the government, which enhances investor confidence and allows them to focus on developing their businesses.
• Integrated services and facilities: Services available in free zones include administrative support, legal, and commercial services, which contribute to facilitating business management.
• Business incentives: Some free zones offer additional incentives such as rent reductions or financial support, which increases investment attractiveness.
• Diversity in activities: Free zones offer multiple options for commercial activities, allowing investors to choose the activity that suits their goals and requirements.

In conclusion, the free zones in Dubai represent an exciting and unique opportunity for entrepreneurs and investors wishing to establish their own companies. These areas provide a flexible and favorable business environment, combining ease of procedures, tax incentives, and the ability to fully own the company. Given the diversity of free zones in Dubai, investors can choose the one that best suits their specific needs based on the type of business activity, company size, and required resources.

The process of opening a company in one of the free zones in Dubai may require some planning and research, but the benefits it offers are worth it. From discounted fees and fast incorporation procedures, to continuous government support and logistical facilities, free zones provide an ideal environment for business growth. Moreover, these areas provide modern infrastructure and advanced facilities, which enhances competitiveness and ensures success in the market.

It is also important that investors are able to understand all the financial and administrative aspects involved in starting a company, including the costs associated with licensing, leasing, and insurances.

The most important frequently asked questions about opening a company in the Dubai Free Zone