Establishing a company in a Dubai free zone represents a strategic opportunity for investors looking to enter the UAE market while benefiting from a favorable and supportive business environment. Dubai’s free zones offer a range of benefits that make them an attractive business destination, including tax breaks, 100% foreign ownership, and streamlined company formation procedures. These areas are specialized business environments, making it easier for new companies to implement their strategies and achieve their goals quickly and effectively.

By cooperating with Itqan, investors can benefit from extensive experience in the field of establishment and business management, which contributes to accelerating the company registration process and avoiding legal and procedural obstacles. Itqan provides comprehensive and customized consultations to meet the needs of companies, starting from choosing the most appropriate type of company, through preparing the necessary documents, and providing advice on all legal and administrative aspects related to the establishment process.

Dubai Free Zones are an ideal environment for opening a company in Dubai Free Zone, as they allow investors to enjoy full tax exemptions, import and export facilities, and flexibility in choosing the appropriate geographical location. This business environment also provides advanced infrastructure and facilities that support business growth and enhance operational efficiency.

In collaboration with Itqan, investors can benefit from the deep knowledge and resources it provides to ensure that the process of establishing in Dubai’s free zones is facilitated and simplified, contributing to achieving success and excellence in the market faster and more efficiently.

Documents required to establish a company in the free zone

Setting up a company in a Dubai free zone requires submitting a set of essential documents that help speed up the registration process and ensure compliance with legal requirements. Dubai free zones are a preferred investment destination due to the facilities they offer such as tax exemptions and 100% foreign ownership of companies. However, submitting the right documents at the right time is a crucial step to ensure a smooth start-up. In this context, it is essential to know the required documents to ensure that all the requirements of the local authorities in the free zone are met. Documents Required for Setting Up a Company in a Free Zone

• Passports: Copies of passports of all founding partners and directors of the company must be provided. Passports must be valid and certified by the relevant authorities.
• Personal photographs: Recent personal photographs are required for all partners and managers, and the photographs are usually of specific specifications as per the requirements of the free zone.
• Articles of Association and Memorandum of Association: The company’s articles of association and memorandum of association must be submitted, which specify the legal and operational structure of the company, its objectives and the distribution of shares.
• Proof of Company Address: Proof of company address is required, which may be a lease agreement for the business premises or a property ownership agreement.
• Bank Report: A report from the bank may be required proving the existence of a bank account in the name of the company or the deposit of the required capital in the bank.
• Partner and Director Data: Provide detailed data about partners and directors including CVs and work experience.
• Business Plan: Some free zones may require a business plan outlining the company’s objectives, activities and financial projections.
• Licenses and Certificates: If there are any additional licenses or certificates related to the company’s activity, they must also be submitted.
• Authorizations: Providing signed authorizations from partners to appoint directors and key officers of the company.

Providing these documents accurately and in accordance with the requirements can greatly contribute to speeding up the company formation process and ensuring a smooth start-up of the business. Working with a consulting firm such as Itqan can facilitate the process of collecting and preparing these documents, helping to avoid potential delays and ensuring that the company is in compliance with all local laws and regulations.

Types of companies that can be established in free zones

Free zones in the UAE, especially in Dubai, are an ideal destination for investors looking to establish new companies due to the many advantages they offer. These areas are characterized by a flexible business environment that provides special facilities that contribute to enhancing business growth and expansion. Among these facilities is the possibility of establishing multiple types of companies that meet various business needs. The types of companies that can be established in free zones vary based on the business activity and the specific objectives of the company, allowing investors to choose the most appropriate one according to their requirements. Types of companies that can be established in a free zone

• Limited Liability Companies (LLC): This type of company is the most common in free zones, as it allows 100% foreign ownership without the need for a local partner. LLCs provide flexibility in managing the business, and provide protection for investors’ personal assets from debts or liabilities.
• Sole Proprietorships: Sole proprietorships are a good option for individuals who want to run a business on their own. These companies provide a separate legal entity and the owner is solely responsible for managing the business and making decisions.
• Holding companies: Holding companies are primarily used to own and manage shares of other companies. These companies allow investors to control a group of companies or assets, which helps simplify investment management and streamline operations.
• Trading Companies: Trading companies are specialized in general trade and are engaged in the sale and purchase of products and services. These companies facilitate import and export operations and have flexibility in dealing with local and international markets.
• Industrial companies: Industrial companies focus on the production and manufacturing of goods. Free zones provide special facilities in this area, such as access to advanced manufacturing facilities, which helps in enhancing manufacturing operations and expanding production.
• Service companies: Service companies specialize in providing various services such as consulting, technology, and financial services. Free zones provide an ideal environment for these companies thanks to the advanced infrastructure and specialized technical support.

Choosing the right type of company depends on the business activity and investment objective, and investors can get appropriate advice from specialized consulting firms such as Itqan to ensure compliance with legal requirements and achieve success in the market.

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

Establishing a company in the Dubai Free Zone , in cooperation with Itqan Company, provides investors with a valuable investment opportunity that enhances business success and contributes to achieving commercial goals effectively. Dubai’s free zones are characterized by a range of benefits that make them an ideal destination for businesses, starting from tax facilities that include full exemptions on income and profits, to full foreign company ownership, which provides investors with the opportunity to have complete control over their business without the need for a local partner.

With its extensive experience and high professionalism, Itqan plays a vital role in facilitating the establishment procedures and providing the necessary support to investors. By providing comprehensive consultations, Itqan helps in choosing the most appropriate legal structure, preparing the necessary documents, and ensuring compliance with all legal and administrative requirements. These services make the company establishment process smoother and less complicated, allowing investors to focus on developing their businesses and achieving growth.

Moreover, Dubai’s free zones offer advanced infrastructure and modern facilities, which enhance the efficiency of business operations and increase the ability of companies to expand and grow. These zones also provide investors with access to a wide network of business partners and potential customers, which enhances the chances of commercial success in the local and regional market.

By partnering with Itqan, investors can benefit from all these advantages and ensure the best results in the process of establishing a company in the free zone. This cooperation ensures the provision of comprehensive and professional support, which contributes to achieving business goals quickly and efficiently, and lays the foundations for long-term success in a vibrant and thriving business environment.

Frequently asked questions about establishing a company in the free zone