Establishing a company in the Free Zone – Dubai Free Zone, opening a company in the Free Zone is an attractive strategic move for investors and entrepreneurs looking to benefit from the unique advantages offered by these areas. The Free Zone in the United Arab Emirates is one of the leading destinations in the world for starting a business, as it provides an integrated and stimulating business environment for growth and prosperity. The Free Zone attracts companies from various sectors and industries, thanks to its significant tax exemptions, full foreign ownership, and easy access to regional and international markets.

Establishing a company in the free zone involves several steps, starting with choosing the appropriate free zone for the company’s commercial activity, as there are many free zones in the UAE that specialize in various sectors such as technology, trade, media, and industry. After choosing the appropriate free zone, you apply for the necessary licenses to start the commercial activity, which requires submitting some basic documents such as a passport and a business plan.

In cooperation with Itqan Company, investors can benefit from their extensive experience in establishing companies in the free zone, as the company provides integrated solutions that include assistance in choosing the appropriate free zone, providing legal and administrative consultations, and following up on all government procedures to ensure the establishment of the company as quickly as possible and at the lowest cost. Establishing a company in the free zone can open up broad horizons for commercial growth, and contribute to strengthening the presence in one of the most important global markets, making this step a promising investment opportunity for anyone seeking success in a stimulating and supportive business environment.

Advantages of establishing a company in the free zone

Establishing a company in a free zone is a strategic option for investors and entrepreneurs looking to establish their businesses in a supportive and flexible environment. Free zones offer a wide range of benefits that aim to facilitate business operations and attract local and international investments. Thanks to their strategic geographical location and advanced infrastructure, the free zones in the UAE have become a prime destination for companies seeking to expand into global and regional markets. Advantages of establishing a company in a free zone :

• Full Foreign Ownership: Freezone allows foreign investors to own their company 100% without the need for a local partner, which enhances the flexibility and independence of business management.
• Tax Exemptions: One of the most prominent advantages offered by the free zone is tax exemption, as companies are exempted from personal income tax and corporate tax for a specific period, which contributes to improving profits.
• Customs Facilitation: Free Zone offers customs benefits such as exemption from customs duties on import and export of goods, which facilitates the movement of goods and reduces operating costs for companies.
• Advanced Infrastructure: The free zones in the UAE have high-quality infrastructure that includes advanced transportation, communications, office spaces, and warehouse facilities, allowing companies to operate their businesses efficiently and smoothly.
• Ease of administrative procedures: Free Zone offers simplified and fast establishment procedures to obtain commercial licenses, as most transactions can be completed electronically or through integrated services provided by the competent authorities in Free Zone.
• Flexibility in hiring workers: Freezone allows for hiring employees of different nationalities and providing them with work visas easily, allowing companies to access the best talent from all over the world.
• No restrictions on repatriation of profits: Companies operating in the free zone can easily repatriate profits and capital without any restrictions, which provides great financial flexibility and enhances the attractiveness of investment.
• Benefit from regional and global markets: Thanks to the UAE’s prime geographical location between Asia, Europe and Africa, Free Zone allows companies to easily access major regional and global markets.

Establishing a company in the free zone is an ideal option for companies seeking a flexible and growth-enhancing work environment. Itqan is the ideal partner for investors, offering its extensive experience in this field to ensure that companies are established quickly and efficiently.

Setting up a company in a free zone is an attractive option for investors looking to take advantage of the incentives and flexibility offered by these economic zones. The UAE’s free zones are an ideal environment for companies looking to expand their international reach and reach new markets, thanks to simplified incorporation procedures and extensive government support. With a large number of free zones specializing in multiple fields, setting up a company in these areas provides a competitive advantage for startups and international investors. The basic steps to set up a company in a free zone:

• Choosing the right free zone: The first step is to choose the free zone that suits the nature of your business activity. The UAE includes many specialized free zones such as technology, commercial, industrial, and media zones. Determining the right free zone is an important step to ensure the success of your project.
• Determine the type of business activity: You must determine the type of business your company will be engaged in, such as commercial, industrial, or service activity. Based on this choice, the type of business license you need to start working is determined.
• Choosing the type of license: After determining the business activity, you will need to choose the appropriate license. The types of commercial licenses in the Free Zone include commercial, industrial, service, and media licenses. Each of these types of licenses allows you to practice a specific type of activity.
• Submitting the required documents: The basic documents required include a copy of your passport, a personal photo, and an application form containing information about the business and capital. Some free zones may require additional documents such as a business plan or details of partners.
• Obtaining the necessary approvals: After submitting the required documents, approvals must be obtained from the competent authorities in the free zone. These approvals include ensuring that the company’s activity complies with local laws and regulations.
• Renting an office or workspace: Most freezones require a physical office or workspace for your business. Freezones offer a variety of options to suit all types of businesses, from small to large, as well as virtual offices that are ideal for startups.
• Paying fees and issuing the license: After completing all the documents and obtaining the approvals, you must pay the fees required to establish the company. These fees vary according to the free zone and the type of business activity, and include registration fees and issuing the license.
• Opening a bank account: After issuing your trade license, you can open a commercial bank account in the UAE. This account is necessary to run your company’s daily business and facilitate financial transactions.

By implementing these basic procedures, investors can establish their company in the Free Zone and benefit from all the advantages offered by these thriving economic zones.

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

In conclusion, establishing a company in the Free Zone is an ideal step for investors and entrepreneurs looking to benefit from the unique advantages offered by these economic zones. They provide a flexible and growth-friendly environment, with tax and administrative facilities that make it easy to launch in local and international markets. Establishing a company in the Free Zone gives investors a strong competitive advantage, thanks to full foreign ownership, tax exemptions, and no restrictions on the repatriation of capital and profits. In addition, the Free Zone provides access to world-class infrastructure, which contributes to improving the efficiency of business operations.

In partnership with Itqan, investors can ensure that their companies are established in the free zone with minimal effort. The company provides integrated services that include comprehensive consultations on the various options available in the free zone, and providing legal and administrative assistance to ensure that all procedures are completed smoothly and quickly. Itqan’s experience in dealing with government agencies and in-depth knowledge of local laws contribute to saving investors time and effort, allowing them to focus on growing their businesses instead of being preoccupied with bureaucratic procedures.

Ultimately, setting up a company in the Free Zone represents a tremendous opportunity for anyone seeking to enter the dynamic UAE market and benefit from its strategic location as a gateway to regional and global markets. In partnership with Itqan, this opportunity can be turned into a tangible reality, as the company provides all the tools and services necessary to start a successful business in an environment that supports innovation and ensures success. Investing in the Free Zone is not only an opportunity to expand the business, but it is a strategic step towards a brighter and more prosperous commercial future.

Frequently asked questions about establishing a company in the free zone