{"id":5146,"date":"2021-10-06T13:47:42","date_gmt":"2021-10-06T13:47:42","guid":{"rendered":"https:\/\/itqanblog.digitalmsa.com\/itqanblog\/?p=5146"},"modified":"2024-05-05T10:47:21","modified_gmt":"2024-05-05T10:47:21","slug":"company_setup_in_dubai_-_itqan","status":"publish","type":"post","link":"https:\/\/itqans.com\/en\/company_setup_in_dubai_-_itqan\/","title":{"rendered":"Company Setup In Dubai – ITQAN"},"content":{"rendered":"\r\n
With ITQAN, a company set up in Dubai is easier.<\/p>\r\n\r\n\r\n\r\n
How?<\/p>\r\n\r\n\r\n\r\n
We have a\u00a03 step process<\/a>\u00a0and we will guide you through everything!\u00a0<\/p>\r\n\r\n\r\n\r\n See below which is the best setup for your investment.\u00a0<\/p>\r\n\r\n\r\n\r\n The Dubai free-trade zones or as they are also known as FTZs, are elite economic zones organized to present tax concessions, besides customs duty assistance to expatriate financiers.\u00a0 They are designed to increase international business through the provision to expatriates of 100% ownership, and single-window management convenience.\u00a0<\/p>\r\n\r\n\r\n\r\n Take note that a local sponsor exists as a necessary condition if an overseas entrepreneur wishes to open a company in the Dubai mainland.\u00a0 The sponsor must be a citizen of the United Arab Emirates and will own 51% of the company.\u00a0 When\u00a0opening a company in Dubai Free Zone,<\/a>\u00a0this is not a requirement since these areas offer diverse investment opportunities.<\/p>\r\n\r\n\r\n\r\n What is more, Dubai Free Zones offer investors the flexibility of selecting a commercial entity that matches their unique industry goals and needs.\u00a0 Freedom of running a business, massive savings on tax, and an excellent infrastructure encourage business people and investors to launch their operations within any of the free zones in Dubai.<\/p>\r\n\r\n\r\n\r\n Indeed, a Dubai-free zone extends the most productive ground for establishing businesses, fortified with state-of-the-art structures, world-class trade amenities, flexible policies of the government, and unmatched services.\u00a0<\/p>\r\n\r\n\r\n\r\n And these are on top benefits that include:\u00a0 (1) exemptions on corporate or personal gains or income tax, (2) 100% proprietorship for investors irrespective of their domicile and nationality, (3) 100% return of profits and capital, (4) exclusion from any export and import duties, (5) corporate tax exemption for 15 years with a renewal option for another 15 years, and (6) no required capital deposit.\u00a0<\/p>\r\n\r\n\r\n\r\n In Dubai alone, there are at least 30 operating Free Zones with the Free Zone Authority offering business permits to foreign-owned companies.\u00a0 As there are plenty of Dubai free zones, the procedures, prices, as well as requirements change constantly.\u00a0<\/p>\r\n\r\n\r\n\r\n And this is because free zones vie with one another for a business that creates an incentive for them to innovate, besides staying attractive to venture capitalists.\u00a0 The list includes:<\/p>\r\n\r\n\r\n\r\n 1.\u00a0 \u00a0 Sharjah Airport International Free Zone<\/p>\r\n\r\n\r\n\r\n 2.\u00a0 \u00a0 Dubai Production City<\/p>\r\n\r\n\r\n\r\n 3.\u00a0 \u00a0 International Media Production Zone<\/p>\r\n\r\n\r\n\r\n 4.\u00a0 \u00a0 Dubai Gold and Diamond Park<\/p>\r\n\r\n\r\n\r\n 5.\u00a0 \u00a0 RAK Free Trade Zone<\/p>\r\n\r\n\r\n\r\n 6.\u00a0 \u00a0 Dubai Studio City<\/p>\r\n\r\n\r\n\r\n 7.\u00a0 \u00a0 Fujairah Free Zone<\/p>\r\n\r\n\r\n\r\n 8.\u00a0 \u00a0 Dubai Knowledge Village<\/p>\r\n\r\n\r\n\r\n 9.\u00a0 \u00a0 Ajman Free Zone<\/p>\r\n\r\n\r\n\r\n 10. Dubai Internet City<\/p>\r\n\r\n\r\n\r\n 11. DUCAMZ or Dubai Cars and Automotive Zone, which is also known as the Dubai Auto Zone<\/p>\r\n\r\n\r\n\r\n 12. Dubai Airport Free Zone\u00a0<\/p>\r\n\r\n\r\n\r\n 13. Internet City\u00a0<\/p>\r\n\r\n\r\n\r\n 14. Dubai Healthcare City<\/p>\r\n\r\n\r\n\r\n 15. Dubai Design District<\/p>\r\n\r\n\r\n\r\n 16. Dubai International Academic City<\/p>\r\n\r\n\r\n\r\n 17. Dubai International Financial Centre<\/p>\r\n\r\n\r\n\r\n 18. Dubai Media City<\/p>\r\n\r\n\r\n\r\n 19. DMCC or Dubai Multi Commodities Centre<\/p>\r\n\r\n\r\n\r\n 20. DSO or Dubai Silicon Oasis<\/p>\r\n\r\n\r\n\r\n 21. Jebel Ali Free Zone<\/p>\r\n\r\n\r\n\r\n 22. Dubai World Central (Dubai South)<\/p>\r\n\r\n\r\n\r\n 23. DWSC or Dubai Wholesale City<\/p>\r\n\r\n\r\n\r\n As there are various Free Zones, the benefits, as well as costs offered by each zone, also vary subject to its site and business type.\u00a0 If you are searching for cheaper options for a\u00a0company set up in Dubai<\/a>, then you can find them in the outlying areas.\u00a0 Also, a Free Zone sometimes introduces an innovative product or procedure that can change the state of affairs of the market.<\/p>\r\n\r\n\r\n\r\n Such changes can make a Free Zone unusable for overseas investors or enable another Free Zone to raise its rank.\u00a0 Hence, it is essential to keep yourself updated on the latest developments on what specific free zone is good for the industry you are thinking of opening in Dubai.\u00a0<\/p>\r\n\r\n\r\n\r\n \u00a0For example, a company intending to offer IT services would benefit from considering the Internet City or Dubai Media City.\u00a0 On the other hand, a trading firm may find the Dubai Multi Commodities Centre conducive.\u00a0 And for a company that needs easy access to seaports and airports or into the shipping industry, then the Jebel Ali Free Zone remains the right choice.\u00a0 \u00a0\u00a0<\/p>\r\n\r\n\r\n\r\n Of course, it starts with you understanding the procedure of\u00a0opening a company in Dubai Free Zone<\/a>\u00a0 Then, you need to determine the legal entity type for the business.\u00a0 You also have to decide on which entity type you prefer to launch in your chosen free zone.\u00a0 By this time, you probably have selected a trading name as you have to start applying for your business license.\u00a0<\/p>\r\n\r\n\r\n\r\n \u00a0And this will require you to reserve the name of your company.\u00a0 Next, you have to choose your office space, obtain a pre-approval, register the business, and secure your license.\u00a0 Also, this entails renting your office premises, arranging for the legal documents of the establishment, and its articles of incorporation or association.\u00a0<\/p>\r\n\r\n\r\n\r\n \u00a0In the process, you will have to open a company bank account to deposit the required paid-up share of the capital and receive the confirmation statement of the bank.\u00a0 Naturally, you will have to set aside a budget covering the translation, besides notarization expenses of due diligence.\u00a0<\/p>\r\n\r\n\r\n\r\n \u00a0Only then can you secure the proper business license issued by the applicable Free Zone Authority.\u00a0 If you find setting up a free zone company in Dubai a bit overwhelming, then have ITQAN help you.<\/p>\r\n\r\n\r\n\r\n As a business consultancy firm, ITQANS set up businesses in Dubai and do business and trading license processing for mainland and FREE ZONE areas.\u00a0 The firm follows a concept, \u201cSet up your company in 3 steps,\u201d which makes it easier for their clients to understand rules for applying for a license, as well as the payment of fees in setting up the business.<\/p>\r\n\r\n\r\n\r\n \u00a0Company establishing in Free Zone<\/a>\u00a0with ITQANS can make everything hassle-free and very simple.\u00a0 The company possesses the resources and ability of a professional team that you need to make your entrepreneurial visions become a reality.\u00a0<\/p>\r\n\r\n\r\n\r\n \u00a0And this saves you a lot of worrying about the residence permits, visa applications, bureaucracy, documentation, licensing formalities, banking details, and many other requirements.\u00a0 If anything else turns up, would it not be such a comfort to know that ITQANS is there to handle it for you?\u00a0<\/p>\r\n\r\n\r\n\r\n \u00a0Do you want to start your own business in Dubai? You can\u00a0contact our team of experts<\/a>\u00a0and they will take it from there.<\/p>\r\n\r\n\r\n\r\nDubai Free Zone and Mainland Company Setup<\/a><\/h2>\r\n\r\n\r\n\r\n
The Rewards of\u00a0Opening a company in Dubai free zone<\/a><\/h3>\r\n\r\n\r\n\r\n
\u00a0Major Dubai Free Zones<\/h2>\r\n\r\n\r\n\r\n
Free Zones Benefits<\/h3>\r\n\r\n\r\n\r\n
Free Zone Company Process for a\u00a0Company Setup in Dubai<\/a><\/h3>\r\n\r\n\r\n\r\n
ITQAN for your\u00a0Company Setup in Dubai<\/a><\/h2>\r\n\r\n\r\n\r\n