Establishing a company in a free zone, the free zones in the UAE are considered among the most prominent global investment destinations due to the favorable business environment and attractive incentives they provide to investors. Establishing a company in one of these zones can be an important strategic step towards success in the regional and international market. Free zones have many advantages such as full tax exemptions, 100% foreign ownership, and the flexibility to import and export goods without customs duties, making them a preferred destination for many businessmen and investors.

With its deep experience in this field and extensive knowledge of legal procedures and regulatory requirements, Etqan is a key partner in facilitating the process of establishing companies in free zones. Etqan contributes to simplifying the basic steps required to establish a company, starting from choosing the most appropriate free zone based on the nature of the business activity and the needs of investors, all the way to providing support in preparing the required legal documents and obtaining the necessary licenses.

The incorporation process includes preparing essential documents such as the company’s articles of association and memorandum of association, obtaining commercial licenses, and opening a commercial bank account. Itqan guides investors through every step of the process, helping to ensure compliance with all legal requirements and avoiding any complications that may arise.

By leveraging the expertise and services provided by Itqan, investors can achieve a smooth and efficient establishment of their companies in the free zones, which enhances the chances of success and growth in a suitable and prosperous business environment.

Key Advantages of Setting Up a Company in a Free Zone

Establishing a company in the UAE Free Zone is a great destination for investors and businessmen, as it provides a favorable business environment that enhances opportunities for growth and success. Establishing a company in these areas allows companies to benefit from a range of advantages that make it an attractive option for local and international investors alike. The main advantages of opening a company in the free zone :

• Full tax exemptions: Free zones provide full tax exemptions on income and profits, which contributes to reducing operating costs and increasing financial returns for companies.
• 100% Foreign Ownership: Foreign investors can own 100% of companies without the need for a local partner, giving them complete control over the company’s management and strategic decisions.
• Ease of licensing procedures: Free zones offer simplified and fast registration and licensing procedures, reducing the time and effort required to establish a company and enhancing its operational efficiency.
• Customs exemptions: Companies in free zones are exempt from customs duties on imports and exports, which facilitates international trade operations and reduces costs associated with shipping and supply.
• Profit transfer facilities: Companies can transfer profits abroad without restrictions, allowing them to manage cash flows more flexibly and easily invest and expand.
• Advanced Business Environment: Free zones provide a modern and advanced infrastructure, including business facilities, warehouses and offices, which contribute to providing a suitable and efficient environment for business operations.
• Government support and incentives: Companies in free zones often receive government support, including financial incentives and support services, which enhances their ability to expand and grow.
• Flexibility in space usage: Free zones offer flexible options for office and commercial spaces, including small offices and large warehouses, to suit the needs of different companies.

The benefits that companies can take advantage of make free zones an ideal choice for investors seeking maximum success and growth in a global and advanced business environment.

Documents required to establish a company in the free zone

The free zones in the UAE are an attractive destination for investors and businessmen due to the unique advantages they offer and the distinguished business environment. Establishing a company in one of these zones requires submitting a set of basic documents that contribute to speeding up the process and ensuring compliance with legal requirements. Documents required to establish a company in a free zone :

• Copy of Shareholders and Directors Passport: A clear and valid copy of the passports of all major shareholders and directors of the company is required. This document is necessary to verify the legal identity of the individuals concerned.
• Copy of Emirates ID: For individuals residing in the UAE, a copy of the Emirates ID must be provided to confirm identity and legal residency within the country.
• Lease contract for the company’s headquarters: A lease contract for the company’s office or headquarters in the free zone must be submitted. The contract must be certified and reflect the address where the company will conduct its activities.
• Legal documents of the company: Legal documents include the company’s articles of association and memorandum of association. These documents must be prepared in accordance with local laws and the requirements of the authority supervising the free zone.
• Business Plan: Submit a business plan that outlines the nature of the business, strategic goals, and future plans. This plan helps in assessing the feasibility of the project and its potential for success.
• Financial Statements: Providing financial statements that prove the financial capacity of the investors, including a bank statement that proves the availability of the funds necessary to establish and operate the company.
• Personal Photos: Recent personal photos of shareholders and directors may be required, which are used in licensing filings and official procedures.
• Additional documents depending on the type of company: In some cases, additional documents may be required depending on the type of company and business activity, such as additional licenses or special permits.

Preparing these documents carefully and carefully contributes to accelerating the process of registering the company in the free zone, and helps ensure that the legal steps are implemented correctly, which enhances the chances of success of the project in an advanced commercial environment.

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

At the end of the process of establishing a company in the free zone , it becomes clear that cooperation with Itqan Company can have a significant impact on the success of this strategic step. Thanks to the support and expertise provided by Itqan Company, investors are able to overcome the complexities and challenges that they may face, which contributes to speeding up the process and ensuring compliance with all legal requirements.

Itqan provides specialized and comprehensive consultations, from choosing the most appropriate free zone for company establishment, to preparing legal documents and providing support in obtaining the necessary licenses. This comprehensive support contributes to reducing the risks and costs associated with company establishment, and helps avoid common mistakes that may affect the process.

When working with Etqan, investors can benefit from free zone incentives, such as tax exemptions, 100% foreign ownership, and flexibility in business transactions. These benefits make free zones an attractive option for companies looking to expand into the regional and international market.

Ultimately, the success of the company establishment process in the free zone in cooperation with Itqan Company reflects the ability to benefit from the advanced business environment and the great potential that these areas provide. This cooperation is a crucial step towards achieving business goals and sustainable growth, allowing investors to achieve success in a suitable and prosperous business environment.

Frequently asked questions about establishing a company in the free zone