19 Jul Incorporation of a company in the free zone in the UAE
Incorporation of a company in the free zone in Dubai
Establishing a company in the free zone in the Emirates is the best opportunity for investment because of the effective costs that the free zone includes in terms of tax and customs exemptions, facilities and other vital advantages enjoyed by the free zones in the city of Dubai.
The most important point comes where will you establish your business? Despite the effectiveness of free zones in the UAE for establishing businesses, not every free zone is suitable for every investment activity.
Choosing a free zone suitable for the nature of your business activity will pay off well, as you will find all the services, needs and facilities suitable for the growth of your activity. In this article, we discuss establishing a company in the free zone in the Emirates in a deeper way.
Incorporation of a company in the free zone in the UAE
Dubai is the business center in the UAE and the first destination for anyone wishing to invest and establish investment projects or expand existing projects. The UAE government provides all the necessary support to achieve the greatest benefit for these businesses.
Despite the well-known reputation that the city of Dubai is characterized by luxury, sophistication, skyscrapers, hotels and resorts, the establishment of a company in the free zone in the UAE is not very expensive. .
The cost of establishing a company in the free zone in the UAE
Establishing a company in the free zone in the Emirates, the costs of which vary from one free zone to another according to the nature of economic activity, trade license, office space, and others, as follows:
register fees
The registration fee for establishing a company in the free zone in the Emirates is paid for one time only and varies from one free zone to another and starts from 3500 AED according to the type of company.
License fees
License fees for establishing a company in the free zone in the Emirates according to the type of activity in which the company will operate (commercial, industrial, My service) and the license fees are about between AED 10,000 and AED 50,000 annually, The commercial license is renewed annually, and the license renewal fees may differ from the first year fees.
visas
Once a company is established in the UAE free zone, the owner of the company can apply to the responsible authority to obtain a residence visa. The cost of obtaining the initial visa is paid once, The cost of obtaining a visa is between AED 3,000 and AED 6,000 per person.
office spaces
Free zones in the Emirates provide office spaces of various sizes for different sizes of small, medium, large or emerging companies for rent or purchase. The UAE government supports companies to grow, so it provides all the facilities and services that make work in these offices flexible.
The cost of offices varies from one region to another and according to the space as well and the number of employees. Full-service or non-full-service offices are available, furnished or unfurnished, and the cost starts from 15,000 AED annually.
Advantages of establishing a company in the free zone in the UAE
Free zones in the Emirates offer enormous advantages to investors and entrepreneurs, and each zone has a characteristic suitable for a specific activity, excluding other activities. This requires accurate identification of economic activity, then studying the nature and characteristics of each free zone in the Emirates to determine the most suitable zone for the growth of the company’s activity.
- Tax exemptions for companies and income for individuals.
- Customs exemptions on some imported goods.
- Freedom to dispose of the capital and profits in full.
- The right to complete foreign freedom without the need for an Emirati sponsor.
- There are no restrictions on monetary transactions.
- Constantly evolving strong infrastructure.
- Ease of required legal procedures.
- The availability of electronic platforms to obtain commercial licenses in minutes.
Each free zone includes regulations and laws that regulate the progress of the investment process and impose customs and tax exemptions, licenses and procedures.
diversification of economic activities
One of the factors that must be checked during the selection of the free zone is the nature of the activity that the company will operate in, as the economic activities for which the free zones provide licenses differ, Where each free zone provides licenses for specific activities, Which helps to facilitate the necessary procedures for establishing a company for these activities.
When determining the appropriate free zone to obtain a license for your business, you will avoid the dilemma of obtaining a license in a free zone that does not support your economic activity and does not provide you with the services you need for the growth of your business.
Bank accounts
One of the advantages of establishing a company in the free zone in the Emirates is the ease of opening a bank account, unlike what happens in any other area outside the free zone in the Emirates. for example: The process of opening a bank account in one emirate with a license from another emirate is a hurdle because some banks have requirements for opening the account.
Being in the center of business activity
Presence in the center of business activity is one of the advantages of establishing a company in the free zone in the Emirates, and that establishing business outside the free zones requires an actual presence in the region and the company has an office, This can cause missed profits from the networks and clusters that are the center of business activity, This is the opposite of the free zone in Dubai.
Types of free zones in the UAE
The city of Dubai includes two types of free zones, as follows:
- Free Zone Company – Limited Liability.
- Free Zone Corporation.
The fundamental difference between the two previous types of free zones in Dubai in terms of the number of shareholders and their legal status. Each free zone in the Emirates also has its own regulations and laws that regulate the progress of the investment process. Therefore, it is necessary for every investor or entrepreneur to ensure that the company’s position is in line with the laws and regulations of the free zone in which he will work.
The city of Dubai includes dozens of distinctive free zones that attract investors and entrepreneurs from all over the world to invest. Here are the most famous free zones in Dubai:
- The comfortable area in Jebel Ali.
- Dubai Airport Free Zone.
- Dubai Multi Commodities Centre.
- Dubai Design District.
- Dubai Healthcare City.
- Dubai Media City.
- Dubai International Academic City.
- Dubai Internet city.
- Dubai International Financial Centre.
- Knowledge Park in Dubai.
- Gold and Diamond Complex.
- Dubai Silicon Oasis.
- Dubai Production City.
- Dubai South.
- Dubai Studio City.
How do we help in establishing a company in the free zone in the UAE?
You are in the right place to take the first step to establishing a company in the free zone in the Emirates, as we are one of the largest companies that provide investment services in Dubai.
- We have years of experience in establishing companies in the Emirates and free zones.
- We have a team trained in legal procedures and transactions with the competent authorities in Dubai.
- Specialized in extracting and renewing all commercial licenses for various activities.
- We are distinguished by quality and clearing all procedures in the fastest time and at the lowest costs.
- We provide offices, warehouses and warehouses for rent at the best prices in Dubai.
- Providing full support and problem solving 24/7.
For more information about establishing a company in the free zone in the Emirates, and to request assistance in obtaining commercial licenses and dealing with government agencies to complete all procedures and papers, contact our team now and book your consultation with us.
Contact us today and get a free consultation to implement all your business plans!