Establishing a company in the free zone

١٣ مارس Establishing a company in the free zone

١٣ مارس POSTED AT
Uncategorized
itqanadmin

Establishing a company in the free zones in Dubai is a great option for companies and individuals looking for a flexible work environment and tax and commercial benefits. Dubai’s free zones offer advanced infrastructure and world-class facilities, making them an attractive destination for investors from all over the world. Through the facilities provided by these zones, new companies can benefit from flexible laws, high security standards, and the ability to freely deal in international markets without the need for a local agent. In addition, the free zones contribute to accelerating the procedures for establishing a company in the free zone and providing integrated services that ensure a smooth start-up of the business activity.

جدول المحتوى

Free Zone in UAE

Free zones in the UAE are considered one of the most prominent global investment destinations due to their many advantages that attract investors and companies from all over the world. The free zone provides a flexible and ideal business environment thanks to full tax exemptions, as companies are exempted from corporate tax and value-added tax on commercial transactions. In addition, the free zone gives companies complete freedom to import and export goods without customs duties, which enhances the efficiency of business operations. Companies in the free zone also enjoy full ownership of the business, which means that there is no need for a local partner, which provides investors with complete independence in managing their business.

Moreover, the Free Zone offers advanced infrastructure including modern office spaces and business centers, in addition to integrated logistics services. The procedures for establishing a company in the free zone are quick and easy, which reduces the time required to start a business. These areas also provide a safe and integrated environment with comprehensive support services including legal procedures, making them an ideal choice for investors who want to enter the UAE market efficiently and effectively.

Types of companies in the free zone

Here is a table showing the types of companies that can be established in the free zones in the UAE:

Company Type	Description
Limited Liability Company (LLC)	A limited liability company where the liability of shareholders is limited to the amount of their capital contribution. It is the most common.
subsidiary	A subsidiary of a parent company, operating under the same trade name and subject to the control and management of the parent company.
Private Joint Stock Company	A company owned by a limited number of individuals or entities, and is less complex than a public joint stock company.
Sole Proprietorship	A sole proprietorship is a company in which the owner of the company bears full liability. It is an excellent option for individuals who want to start a business on their own.
Joint stock company	A company consisting of two or more partners, where each partner is liable for all the obligations of the company.
Limited Liability Company with a specific business activity	A limited liability company dedicated to a specific business activity, such as trading or manufacturing.

The exact details and types available will vary depending on the free zone you choose, so it is important to check the options available in the region where you wish to set up your company.

Requirements for establishing a company in the free zone

Establishing a company in the free zones in Dubai requires following a number of steps and providing specific documents. Here are the basic requirements for establishing a company in the free zone:

Choosing the business activity: Determine the type of business activity that the company will carry out, as each free zone may specialize in certain types of activities.
Choosing a Free Zone: Determine the right free zone for your business, as each zone offers different features depending on the type of activity. Preparing personal documents and preparing legal documents for the company
Choosing a company type: Determine the appropriate legal structure for the company (such as a limited liability company or a subsidiary).
Office Location: Choose an office space or office within the free zone.
Opening a bank account: Opening a bank account for the company in one of the approved banks in the Emirates.
Obtaining a commercial license: Submit an application for a commercial license from the authority supervising the free zone.
Insurance and other licenses: You may need insurance and other equipment depending on the type of your business and the requirements of the free zone.
Signing contracts: Signing all required contracts and agreements with local authorities.
The exact details and requirements vary depending on the free zone you choose, so it is important to check the specific requirements for each zone.

Foreigners can own a full company in the free zone.

Foreigners can fully own a company in the free zones in the UAE. One of the main advantages of setting up in a free zone is that it allows foreigners to own 100% of the company without the need for a local partner. This feature also allows foreigners to establish and manage their companies completely and independently, giving them complete control over business operations and profits. In addition, the free zone guarantees the freedom to repatriate profits outside the UAE, making it an attractive destination for international investors.

In addition, foreigners can fully own a company in the free zones in the UAE, which gives them complete control over all aspects of the business. To take full advantage of these benefits, Etqan can provide comprehensive support for establishing your company in the free zone. Etqan specializes in providing integrated services that include legal and administrative consultations, assistance in choosing the most appropriate free zone for your activity, and preparing all the documents required to establish the company. With its experience in dealing with various free zones, Etqan provides precise guidance on procedures and requirements, ensuring that the process runs smoothly and efficiently.

Itqan also provides support in obtaining the necessary commercial licenses, organizing the procedures for opening bank accounts, and providing advice on the optimal legal structure for your company. Thanks to the facilities provided by Itqan, foreigners can start their businesses in the UAE with ease and efficiency, benefiting from all the advantages offered by the Free Zone.

Establishing

Advantages of establishing a company in the free zone

Establishing a company in the free zones in Dubai offers a range of advantages that make it an attractive option for investors and businessmen. Among these advantages are:

Tax exemptions: Free zones offer tax exemptions on income and profits, reducing operating costs.
Full Ownership: Allows you to own the company 100% without the need for a local partner, giving you complete control over the business.
Ease of procedures: Free zones provide quick and efficient procedures for establishing companies, reducing the time and effort required to start a business.
Modern working environment: Free zones provide advanced infrastructure and modern facilities, which contribute to improved efficiency and productivity.
Speeding up licensing procedures: Free zones help speed up the issuance and renewal of licenses, making it easier for companies to start their operations quickly.
Integrated Services: Free zones offer a range of integrated services, such as administrative and marketing support services, which help simplify daily operations.
Access to global markets: Thanks to Dubai’s strategic location, free zones provide easy access to global markets and help expand the network of trade relationships.
Work and Residence Visas: Free zones facilitate the process of obtaining work and residence visas for workers and investors.
Flexibility in transfer of ownership: It provides ease in transferring ownership of companies or selling them in the future, making them a flexible investment option.
Asset Protection: Provides protection for assets and property through laws specific to commercial activities in free zones.
These advantages make Dubai’s free zones an ideal environment for establishing and managing companies effectively and efficiently.

In conclusion, setting up a company in the free zones in the UAE is a strategic choice for investors who want to benefit from a sophisticated business environment and unique investment advantages. The free zone offers great opportunities through tax exemptions, fast incorporation procedures, and complete freedom of ownership, which enhances the ability of companies to expand and grow. In addition, the free zone offers world-class infrastructure and comprehensive support, making it an ideal destination for international entrepreneurs and investors. If you are thinking of starting a business in the UAE, the free zone provides you with a strong platform to enter the market with minimal complications and maximum efficiency. Exploring the available options and choosing the most suitable for your business can be a crucial step towards achieving success and growth in a vibrant economic environment.

Frequently asked questions about establishing a company in the free zone

What are free zones?

Free zones are designated areas that offer specific business benefits such as tax exemptions and full foreign ownership, and provide a business-friendly environment for setting up companies.

What documents are required to establish a company in the free zone?

Required documents include passport, residence visa (if you are a resident), personal photo, company articles of association, incorporation application form, and details of directors and shareholders.