12 Feb Establishing a company in the Dubai Free Zone
Establishing a company in Dubai Free Zone is the most famous destination in the field of investments in the Middle East, where investors come from different countries to establish projects in Dubai in general and free zones in particular to benefit from the huge amount of facilities there.
Therefore, free zones in Dubai are considered a haven for investors and businessmen to establish and expand existing projects. There are rules governing the investment process in each free zone in Dubai, commensurate with the nature of the activities that are established in the free zone.
Let us shorten that introduction and tell you everything you need to know about establishing a company in the Dubai Free Zone in the following addresses, You can also contact us through the numbers shown and provide you with all the details.
How to establish a company in Dubai Free Zone
Each free zone in Dubai has unique rules and laws specific to the zone itself and not others. From the outset, you must determine the type of field that you intend to establish in order to determine the most appropriate free zone for your field and to know the laws that you will deal with.
Here are the steps and procedures through which you can establish a company in the Dubai Free Zone and obtain a legal document at the end to carry out the activity in the Dubai Free Zone.
The legal steps to establish a company in the Dubai Free Zone include several legal procedures and documents, These steps end with receiving the commercial license to practice the activity in the free zone in Dubai. As follows:
- Before taking any step, you must determine the activity that you will engage in. The free zones in Dubai include several commercial, industrial, service, and tourism activities. etc.
- You have to set the trade name for your company, but taking into account several conditions that came within the laws of the Department of Economic Development in Dubai, After you set the trade name, go to the competent authority to register it. Conditions on the basis of which you choose the trade name:
- The trade name accurately and intuitively indicates the company’s activity.
- The fact that the name does not include governmental or political symbols makes this point completely obsolete.
- Make the name of your company a unique and distinctive one, so that it is not similar to the name of another company.
- Remember to append the trade name to the abbreviation of the legal form of the company.
- Be sure to accurately determine the legal form of your company after determining the activity in which you will work to establish a company in the Dubai Free Zone, because the legal form is what you will deal with in the future.
- Pay attention to the initial approval step through the competent authorities concerned with the company’s activity. This is a very important step for setting up a company in Dubai Free Zone
- Make sure to accurately choose the office space that suits your activity and your employees. To establish a company in the free zone in Dubai with the submission of a contract notarized by the Real Estate Regulatory Authority in Dubai.
- Some of the activities that are allowed to be practiced in the free zones in Dubai require obtaining an initial approval from the authority concerned with that activity.
- The last step to establish a company in the free zone in Dubai, Obtaining a trade license to work, after paying all the fees related to the license, and then receiving it from the service centers in Dubai, to start learning officially and registering with the UAE Chamber of Commerce as a member.
Advantages of establishing a company in Dubai Free Zone
- You do not have to worry about the costs of setting up a company in Dubai Free Zone , Where these areas are characterized by flexibility and low costs.
- Most of the free zones in Dubai are distinguished by their distinguished strategic location, close to the international airport and international ports, which makes them open to international markets.
- Customs exemptions on goods in the free zones in Dubai when establishing a company in the Dubai free zone, which helps to reduce costs and increase profits.
- Full tax exemptions for several years and up to long periods for companies and salaries in the free zones in Dubai.
- Ease of obtaining residence visas and flexibility in the procedures for hiring employees and workers from any country in the world.
- Free zones in Dubai have a strong foundation, strong infrastructure, a giant transportation network, and modern train lines with a global system.
- Free zones in Dubai do not impose any restrictions on foreign currency or restrictions on transferring funds in and out of company accounts. There are also no restrictions on the salaries of foreign employees. And the freedom to transfer it outside the Emirates.
- Free zones in Dubai allow full foreign ownership of companies of various nationalities. Without the need for an Emirati partner in the company, this feature is considered wonderful and eliminates many disputes and the loss of rights in management for the owner.
- Free zones in Dubai give the right to own real estate and offices necessary to establish a company in the Dubai free zone.
- Free zones in Dubai give full freedom to dispose of the profits of the company and recover capital in addition to the right to sell the company without interference or restrictions.
- In the free zones in Dubai, the UAE government provides health insurance and medical services for workers there. Through service providers at the highest level of efficiency.
- Flexibility in obtaining residency permits for employees and workers when establishing a company in the Dubai Free Zone, as well as residency permits for their families and enrolling them in schools and universities.
Establishing a company in the Dubai Free Zone
Establishing a company in the free zone in Dubai requires the use of an expert to handle transactions with government agencies in the free zones in Dubai , and he undertakes all the required legal procedures as soon as possible while preserving the cost.
We will provide you with a lot about establishing a company in the free zone in Dubai, just contact us now through our numbers shown in front of you, We also provide consultancy and integrated services for the establishment of free zones in Dubai as follows:
- We have a group of skilled business consultants and service providers to provide integrated solutions to all problems.
- We register new companies in the free zones in Dubai and undertake all legal steps in full.
- Presenting a feasibility study for startups with a clear study of the market, the company’s status, and clear plans and strategies.
- Issuing various commercial licenses in the free zones in Dubai and renewing them as soon as possible.
- Providing all the technical support our customers need to answer various inquiries, and we work to solve problems that may arise with practical solutions.
- We assist in providing various office space for rent and storage warehouses needed in Dubai Free Zone.
- We undertake all procedures for establishing a company in the free zone in Dubai, and we deal with government agencies.
- We offer several business packages suitable for all sizes of companies and business heads.
Do not hesitate to contact us on the numbers shown in front of you, as we are the perfect choice to support you in your journey to establish your company in Dubai from A to Z, Contact us now and get what you want to inquire about from the most experienced consultants in Dubai.
Article summary
In this article, we covered 7 steps to establishing a company in the Dubai Free Zone. They are, in order: determine the nature of the activity, Trade name reservation and registration, Determine the legal form of the company, obtaining the initial approval, Choosing a place of business for the company, additional approvals, Finally, obtaining a business license.
We also talked about the advantages that the investor and the entrepreneur obtain when investing and establishing a company in the Dubai Free Zone, and we got acquainted with the legal forms of companies in the Dubai Free Zone.
Contact us today and get a free consultation to implement all your business plans!