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Establish a company in FreeZone

There is also a very important attraction factor in attracting investment to the UAE, which is the lack of taxation on personal or corporate income. Which makes the UAE a global destination for business investment. To further attract investors, The state has passed a law to regulate the work of free zones in the Emirates so that investors can avoid any legal complications in the future. All investors must look at all aspects of the law and study it thoroughly before starting to make any investment decisions, as the United Arab Emirates does not allow any manipulation or negligence in applying the law

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UAE Government Agencies

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Why should you open a company in the free zone?

The United Arab Emirates announced that companies that are established in free zones within the borders of the UAE have special treatment and differ from companies that are established in any other region within the borders of the territory of the United Arab Emirates. The free zone has many advantages that made it different from other places, as it is characterized by

Tax exemption on all commodities and companies in which they are established
exemption of goods from customs duties, Which makes the price of all things lower than their counterparts in other regions
Ease of procedures for establishing companies

The UAE is characterized by more than 40 free zones, in addition to some areas that are being established. Therefore, establishing a company in the free zone is one of the difficult things facing the investor, as it is difficult to choose between many regions. Therefore, Itqan Company, through its great experience in business management, With the help of many investors in choosing the appropriate free zone for their commercial activity, it also helps in establishing and establishing the company in the free zone in the least time and with the lowest costs

The UAE is trying to enhance its popularity with global buyers, entrepreneurs, start-ups and the best talent markets around the world. It strives to facilitate business creation by removing existing barriers and opening up the economy, And push the country into a stronger position as it prepares for the next 50 years

What types of companies can investors establish in the United Arab Emirates?

It should be noted that investors wishing to establish these types of companies must own a partner who is a citizen of the country (the United Arab Emirates) or a citizen of the Gulf Cooperation Council countries, There are many types of these companies available for incorporation in the United Arab Emirates as follows

Simple partnership and partnership companies
Industrial and commercial companies and individual establishments
Companies that have a home business license
Small and medium enterprise companies in Dubai

One of the advantages of working in the free zone in Dubai is that it is suitable for establishing any kind of work and workers. It also welcomes the hosting of many different types of companies that are being established. It is also worth noting that all free zones allowed 100% foreign ownership and full return of capital. In addition, it is the “Dubai Multi Commodities Center” that provides the effective establishment of a community of start-ups, small companies, medium-sized companies, and large companies, It also provides training courses and networking events from time to time and to enhance the value of the work

How can you establish a company in the free zone?

The establishment of companies in the free zone in Dubai is much easier than the establishment of the company inside Dubai, as it can be 100% owned by any nationality, and the presence of a partner or sponsor from the citizens of the UAE is not required, as the company is registered as a free zone establishment or it is a company belonging to The free zone or a subsidiary or representative office in the free zone in Dubai. In this case, the main company may be outside the Emirates and it is not required to be inside the Emirates. The companies located within the free zone are organized through the authority responsible for the free zone, which issues any licenses for the company This is based on the location of the free zone and the activity it carries out. The type of license issued by the responsible authority varies according to the commercial activity. A company can be established in the free zone by following some steps, including

Choose a company website

Agreeing on the trade name, as it is the name that distinguishes one company from another

Obtaining the company’s business license

Obtaining the initial approval to start work

Trade license registration

Completing and obtaining the trade license requirements

What is the free zone?

The term free zone differs in its meaning and definition according to the type of free zone, but mostly the term free zone expresses a geographical area in which goods are preserved, stored, manufactured, traded and re-exported according to a well-known and specific customs system, but they are not subject to any customs duties. Free zones are also considered to be entities completely separate from the laws of the state, so they are not governed by the laws of trade in the state and do not need a sponsor, just as the company that is established in the free zone can be owned by a person of another nationality without the need for a partner from the UAE nationals

The free zones in Dubai and the UAE in general are not subject to the laws that were set by the Ministry of Economy to regulate the commercial activities of companies, as this free zone in Dubai works to provide royal freedom for commercial business, in addition to tax exemption and exemption from any customs duties, and these advantages in free zones make it an ideal interface She is also a supervisor for international companies that carry out many commercial activities. One of the advantages is that opening and establishing a company in Dubai and in the free zone does not require the presence of a partner or sponsor who is a citizen of the Emirates

Advantages of establishing a company in Dubai Free Zone

100% repatriation of capital and profits abroad
100% exemption from import and export duties
No tax on corporate gains or personal income in most cases
No restrictions on the use of currency
Low cost of operations
Pre-built offices, factories and warehouses
Quick procedures for incorporation and licensing
one window for customs clearance; Any multiple administrative services in one stop
Provides employment assistance and ancillary support services, Such as sponsorship and housing at the work site
Plentiful and inexpensive energy
excellent infrastructure, communications, and an attractive work environment

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How can we help you

At Etqan, we seek to clarify all standards and business requirements so that we can provide professional and reliable professional advice on current laws and regulations. informing our customers of all their rights, Providing cost effective solutions that fit their needs and budget.

All you have to do is set a time to meet our experts in Itqan or contact us via our website to discuss the details of the company’s activity that you would like to establish and provide all the required personal documents to them, and then we will, on your behalf, complete all the steps with the various government agencies in order to obtain a business license in Dubai in the shortest possible time

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