How to set up a business in Dubai Free Zone, Opening a company in Dubai Free Zone is an important strategic step for investors who want to take advantage of the great business opportunities that the city offers. Dubai’s free zones are an ideal environment for businesses thanks to their many incentives that include tax exemptions, 100% foreign ownership, and simplified registration procedures. If you are thinking of starting a business in Dubai, understanding and planning the incorporation process carefully is essential.

With Etqan, you can make the most of these opportunities thanks to its extensive experience in company formation. Etqan provides specialized support in all stages of establishing your company, starting from providing advice on choosing the most suitable among the many free zones in Dubai, to completing all legal and administrative procedures. Your partners at Etqan will assist you in preparing the necessary documents, submitting license applications, and ensuring that all aspects of the establishment comply with local and international requirements.

Establishing a company in the Dubai Free Zone with Itqan Company gives you access to a flexible business environment that supports growth and expansion. Dubai free zones provide investment facilities such as exemption from corporate and profit taxes, and facilities in obtaining work and residence visas, making Dubai a preferred destination for many international entrepreneurs and investors.

Itqan ensures a smooth and efficient incorporation process, allowing you to focus on achieving your business goals and growing in a stimulating business environment. With its continuous support and expertise, the process of establishing your company in the Dubai Free Zone becomes clearer and easier, increasing the chances of your project’s success in a dynamic and evolving market.

Basic documents required to establish a company in the Dubai Free Zone

Establishing a company in a Dubai free zone requires submitting a set of basic documents to ensure compliance with specific legal and procedural requirements. Dubai free zones provide a flexible business environment that supports growth and offers multiple benefits to investors, but to make the most of these benefits, it is essential to prepare and prepare the required documents accurately. The basic documents required to establish a company in a Dubai free zone:

• Passports for investors and directors: Clear, coloured copies of the passports of the investors and directors appointed to the company must be provided. These documents are necessary to verify identity and ensure that the registration is in compliance with legal regulations.
• Personal Photos: Providing recent personal photos of investors and managers, as these photos are used for the purposes of issuing the required licenses and visas.
• Office or Workspace Lease Contract: Submit a lease contract proving that the company has rented an office or workspace within the free zone. This contract is necessary to confirm the existence of a physical location for the business.
• Articles of Association and Memorandum of Association: The Memorandum of Association includes the details of the establishment of the company, while the Articles of Association specify the internal rules and operating procedures. These two documents must be prepared in line with the requirements of the free zone.
• Commercial License Application: Submit an application for a commercial license that includes basic details about the company’s commercial activity. It must be filled out accurately and submitted to the relevant authorities.
• Business Plan: Provide a detailed business plan outlining the company’s objectives, growth strategies, and market analysis. The business plan helps assess the feasibility of the project and ensure its compliance with the requirements of the free zone.
• Copy of Emirates ID: If the investor or manager is a resident of the UAE, a copy of the Emirates ID must be submitted as part of the registration requirements.
• Business Activity Proof Documents: These documents include a description of the business activity, and sometimes contracts or agreements with customers or suppliers, to ensure that the activity complies with the regulations of the free zone.
• Pay the prescribed fees: Pay the prescribed fees to register the company and obtain the license. The fees vary depending on the type of activity and the size of the company.

Providing these documents accurately will help speed up the process of establishing the company and ensure compliance with all legal and administrative requirements in the Dubai Free Zone. It is preferable to use a consulting firm such as Itqan to ensure that the establishment process is managed efficiently and avoid any potential delays or problems.

Basic steps to establish a company in the Dubai Free Zone

Establishing a company in a Dubai free zone is an important strategic step for investors seeking to benefit from the stimulating and flexible business environment offered by these zones. Dubai free zones offer a variety of benefits including tax exemptions, 100% foreign ownership, and ease of incorporation procedures. To make the most of these opportunities, it is essential to follow specific steps to ensure a smooth and efficient incorporation process. The basic steps to establish a company in a Dubai free zone are:

• Determine the business activity and choose the appropriate free zone: The first step is to determine the type of business activity you want to practice, then choose the most appropriate free zone that supports this activity. Free zones in Dubai vary in terms of specializations and services provided, so choosing the appropriate area affects the success of the project.
• Preparing the required documents: After selecting the free zone, you must collect and prepare the basic documents such as passports, personal photos, office lease contract, articles of association and bylaws, and commercial license application. These documents are necessary to complete the registration process and obtain the license.
• Submitting a license application: Submitting an application to the responsible authority in the free zone to obtain a commercial license. This includes completing the required forms and submitting the documents that were prepared in advance. Payment of registration and license fees may be required.
• Signing a lease agreement: Confirmation of the lease of an office or workspace in the free zone. This agreement is important to meet the requirements for having a physical location for the business, and must be in line with the requirements of the free zone.
• Open a bank account: Open a business bank account in the company’s name at one of the approved banks. This account will be necessary to manage financial transactions and receive payments.
• Completing the recruitment procedures: If the company will be hiring employees, it must apply for the necessary work and residence visas for them. This requires submitting applications and fulfilling the conditions for employment in the free zone.
• Starting the business: After obtaining the license and preparing all the requirements, you can start the business and start doing business. This includes promoting the products or services, building a customer network, and managing the day-to-day operations.
• Compliance with local legislation: Ensure compliance with all local laws and regulations related to the business activity, including accounting and tax requirements.

By following these steps, you can effectively establish your company in the Dubai Free Zone and take full advantage of the benefits that this business environment offers. It is beneficial to use a consulting firm such as Itqan to simplify the procedures and ensure the success of establishing your company.

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

Establishing a company in Dubai Free Zone is an important strategic step towards achieving success in a vibrant and thriving business environment. By partnering with Itqan, this process is greatly simplified, providing you with the guidance and support you need to establish your company smoothly and efficiently. With its extensive experience and in-depth knowledge of local regulations and legal procedures, Itqan helps you overcome complex challenges and save time and effort.

By providing expert advice and facilitating all procedures, Itqan helps ensure that the process of establishing your company in the Dubai Free Zone is smooth. This cooperation begins with identifying the most suitable among the different free zones, based on the type of your business activity and your specific needs. This is followed by precise steps that include preparing the necessary documents, submitting license applications, and ensuring that all legal and administrative requirements are met.

Establishing a company in Dubai Free Zone is not only about obtaining the appropriate license, but also includes taking advantage of multiple benefits such as tax exemptions and full foreign ownership. Free zones also provide facilities for obtaining work and residence visas, which enhances the ability to expand and grow.

Itqan ensures that all stages of incorporation are clear and success-oriented, allowing you to focus on developing your business strategies and achieving your business goals. With their continuous support and valuable expertise, you can make the most of the opportunities available in Dubai and quickly integrate into the vibrant business market. Establishing your company in the Dubai Free Zone with Itqan means that you have a reliable partner supporting you every step of the way to success.

Frequently asked questions about establishing a company in the free zone