Establishing a company in the Dubai International Financial Centre Free Zone, the Dubai International Financial Centre Free Zone is one of the most prominent investment destinations in Dubai, providing a world-class business environment that enables companies to achieve success and growth in the financial and business sector. Thanks to its strategic location and unique features, the Dubai International Financial Centre Free Zone is an ideal choice for investors seeking to launch their projects in the heart of one of the most dynamic financial markets in the world. This zone provides an integrated business environment that includes advanced infrastructure, modern facilities, and an advanced legal system that enhances the ability of companies to manage their operations efficiently.

When considering opening a company in the Dubai International Financial Centre Free Zone, working with Itqan is a strategic choice supported by experts specialized in providing company formation and business management services. Itqan provides comprehensive support at all stages of the establishment process, starting from providing advice on choosing the type of business activity and determining the company structure, all the way to completing the legal procedures and obtaining the necessary licenses.

Through a strategic partnership with Itqan, investors can benefit from the expertise of a team specialized in dealing with the requirements of the international financial center, which facilitates the establishment process and ensures compliance with all local and international regulations. Itqan contributes to simplifying procedures and providing customized solutions that suit the needs of each project, allowing new companies to focus on achieving their business goals and expanding in the market.

Utilizing the services of Itqan Company helps investors adapt to the business environment in the Dubai International Financial Centre and achieve sustainable success in the business world, which enhances their position in the market and enables them to make the most of the available investment opportunities.

Documents required to establish a company in the Dubai International Financial Centre

Establishing a company in Dubai International Financial Centre (DIFC) is a strategic move that opens doors to tremendous business opportunities in the heart of one of the world’s most active financial markets. The Dubai International Financial Centre (DIFC) is a global financial hub that offers an advanced business environment and advanced infrastructure that supports the success of companies across various sectors. To achieve this successful start, investors must submit specific documents that meet the centre’s incorporation and legal procedures requirements. These documents provide the legal and administrative foundation necessary to obtain a trade license and start the company’s operations effectively. Documents required to establish a company in the Dubai International Financial Centre:

• Passports of Shareholders and Directors: Clear and valid copies of the passports of the relevant investors and directors of the company must be provided. This document is essential to verify the identity of individuals involved in the management of the company.
• Business Plan: DIFC requires a detailed business plan outlining the company’s objectives, business strategies and market analysis. The business plan helps clarify the company’s business vision and objectives.
• Articles of Association and Memorandum of Association: The company’s articles of association and memorandum of association must be prepared and submitted, which include details about the company’s legal structure, its purposes, and the rights and obligations of shareholders.
• Shareholders’ Approval: Documents are submitted showing the approval of the major shareholders to establish the company and details of their participation in the capital and participation in management.
• Proof of address: Proof of the company’s address must be provided, which can be an office lease or a document proving the business location in the DIFC.
• Contact Details: The Centre requires detailed information about the company’s contact details, including email and telephone numbers, to ensure effective communication with the regulatory authorities.
• Eligibility Declarations: It is required to submit declarations from all shareholders and directors confirming their legal and administrative capacity to establish and manage the company in accordance with applicable laws and regulations.
• Background Audit Report: In some cases, a background audit report may be required to be provided to shareholders and directors to ensure that there are no legal or financial issues affecting the company’s reputation.

Providing these documents in full and accurately will speed up the company formation process and ensure compliance with DIFC requirements, enabling new companies to start their business activities efficiently and in line with international standards.

Tax Benefits of Setting Up a Company in the Dubai International Financial Centre

Establishing a company in the free zone offers investors numerous opportunities in a sophisticated business environment that keeps pace with the latest global trends. Thanks to its strategic location and advanced infrastructure, the Dubai International Financial Centre has become one of the most prominent destinations that attract global and regional companies alike. Among the prominent advantages offered by the centre are the tax benefits, which play a pivotal role in enhancing the region’s attractiveness as a commercial and financial hub. These benefits provide an encouraging tax environment that contributes to reducing financial burdens and maximizing investment returns. Tax benefits for establishing a company in the Dubai International Financial Centre:

• Corporate Tax Exemption: Companies incorporated in the DIFC enjoy a full corporate tax exemption for 50 years from the date of incorporation, which provides a significant advantage in reducing the tax burden on profits.
• Exemption from personal income tax: Companies and individuals in the Dubai International Financial Centre enjoy exemption from personal income tax, which contributes to attracting international talent and enhancing the competitiveness of companies.
• No VAT on some services: In many cases, companies are exempt from VAT on some financial and banking services, which reduces operating costs and contributes to improving financial efficiency.
• Flexible and Internationally Compliant Tax System: DIFC follows a flexible tax system that is in line with international standards, making it easier for global companies to adapt to tax laws and providing them with a sustainable business environment.
• Double Tax Protection Agreements: Companies in the DIFC benefit from double tax protection agreements with many countries, preventing double taxation and providing additional protection for investors.
• Ease of managing tax affairs: The center provides an advanced administrative system for managing tax affairs, which simplifies procedures and reduces the complexities related to tax compliance.

With these tax benefits, DIFC Free Zone allows companies to make the most of their investments, enhancing its attractiveness as a preferred destination for investors and businesses from all over the world.

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

In conclusion, when discussing establishing a company in the Dubai International Financial Centre Free Zone in cooperation with Itqan Company, it is clear that this partnership provides investors with a valuable opportunity to achieve success and growth in a distinguished business environment. The Dubai International Financial Centre is distinguished by being a global financial centre that provides advanced infrastructure, a flexible regulatory environment, and extensive potential for expansion and growth. With a commitment to global practices and high standards, establishing a company in this centre enhances the ability of companies to access global markets and benefit from distinguished economic opportunities.

Itqan Company, with its comprehensive consulting and administrative services, plays a pivotal role in facilitating the establishment process, starting from determining the type of activity and choosing the optimal legal structure, all the way to dealing with legal procedures and obtaining the necessary licenses. Itqan Company’s experts contribute to simplifying complex procedures and providing strategic support that suits each client’s needs, which contributes to achieving their business goals efficiently and effectively.

Partnering with Itqan also allows investors to benefit from extensive experience and deep knowledge of local laws and regulations, ensuring that the company’s operations are in line with the legal and administrative requirements of the financial center. This comprehensive support enhances companies’ ability to focus on growth and innovation strategies, ensuring a successful start in a market full of opportunities.

In short, establishing a company in the Dubai International Financial Centre Free Zone with Itqan Company represents a strategic step towards achieving success in the world of finance and business, providing investors with the necessary foundations to build a strong base for expansion and growth in global markets.

Frequently asked questions about establishing a company in the free zone