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ToggleInvestment in the free zone:
Before we know and learn about the forms and methods of investment in the free zone, we must first know what the free zone is, as it is the first investment zone in the United Arab Emirates.
The Emirate of Dubai includes many important and distinguished areas that made it one of the most important emirates in terms of trade and the most attractive emirate for tourists and foreign investors, due to the excellent places that this emirate contains. Among the most important of these areas is the Dubai Free Zone. This area also works to provide a work environment that helps in achieving large profits without paying any type of taxes and without the need for a partner who holds Emirati citizenship.
The free zone also seeks to help new companies in the process of establishing their companies. Knowing the initial costs of establishing companies is considered one of the most important steps to develop a viable business plan. We can help you finance any type of project through investors who have dealt with us before and with the best and most important investment companies in Dubai. You only have to make the project plan and review it to find the right investor with us.
The UAE government always provides sufficient support to Emirati contractors, and there are many grants available for people who have a strong business plan and are foreigners to the UAE, but the government is working to provide many commercial and administrative buildings and free business centers available there for rent in the free zone in order to invest within the free zone to suit the size of the business and services they provide, while providing appropriate solutions for all investor complaints.
Establishing a company in the free zone :
Companies wishing to establish their businesses in the free zone enjoy greater flexibility in choosing multiple commercial activities or service activities that are compatible with the nature of their work, in addition to the tax exemptions that distinguish the free zone, which are among the biggest factors attracting many new contractors, which contributes to enhancing the experience of investors when establishing or establishing companies in the free zone and conducting their business there.
Costs of establishing a company in Dubai:
The costs of establishing a company in Dubai are mainly limited to several expenses, which are as follows:
- Commercial License Fee (Business License)
- The price of purchasing the office or company site through which you conduct your business, whether it is rented or purchased.
- The cost of purchasing the furniture and decor for the office where you do your business.
- The cost of obtaining work permits for sponsored employees and the required visas for them under your current company name.
- The cost of opening a new account in the company’s name in a bank and depositing the minimum capital depending on the type of business activity.
- The cost of the legal form of the company plays a fundamental role in increasing or decreasing the cost of establishment. The costs of establishing industrial companies are higher than the costs of establishing commercial and professional companies.
- Finally, the price of the commercial license.
Steps to establish a company in the free zone:
Now, whatever your financial capacity or what you have set a financial budget for establishing and founding any investment project in Dubai or establishing a company in Dubai, you can now establish any investment project or service in Dubai due to the multiple needs of the UAE and also due to the ease of providing ways to establish investment projects there, but you must know the appropriate and basic steps in establishing a company in Dubai, which are as follows:
1- Determine the nature of the company’s activity:
Determining the nature of the company’s activity is one of the most important procedures imposed by the UAE Law of 2009 for establishing companies in Dubai. This facilitates the procedures and then determines the parties associated with the company’s activity and the permitted legal forms.
There are approximately 2,000 economic activities permitted in the UAE, and economic activities are classified into three main types: commercial activity (real estate, leasing, transportation, financial brokerage, wholesale, retail, storage and communications), professional activity (agriculture, health, social work, education and various service activities related to the community, i.e. any activity that depends on physical and mental activity to practice it), and finally industrial activity, which includes (transformation industries such as mining, water, electricity and quarrying), and there are also some tourism activities.
2- Determining the legal form of the company:
Here we are talking about the legal form of the new company that will be established, and this form depends on the nationality of its owners, and the legal form of the company that you plan to establish in Dubai, which is as follows:
- Joint stock company.
- Limited Liability Company.
- Public joint stock company.
- Private equity company.
- Civil business companies.
3- Trade name registration:
The third step in establishing companies is determining the trade name in establishing a company in Dubai, which is what distinguishes one commercial license from another. The trade name is also related to the form and activity of the commercial company and is fulfilled by several important conditions stipulated by the Department of Economic Development on the trade name before approving the name, namely that the company’s trade name does not contain words that are inappropriate for the country, does not violate the public and private taste of the country, and that the trade name accurately and clearly reflects the commercial activity.
4- Obtaining initial approval:
After determining the legal activity of the company and its legal form as well, and registering its trade name, you must now obtain initial approval for the company’s economic activity and follow up in order to obtain the approval of the authorities related to the activity.
5- Preparing the articles of association and choosing a headquarters for your business:
Here comes the moment of convening or preparing the contract designated for establishing a company in the Dubai Free Zone, and this is done by bringing the contract of incorporation in agreement between you and the competent authorities in Jebel Ali. You must also choose a location to establish the company in the free zone or establish a company in Jebel Ali to conduct business. All established companies must have an actual address in the United Arab Emirates, and this headquarters must meet the specified requirements and land allocation systems in addition to the existence of an existing license.
6- Obtaining approvals from the authorities concerned with the facility’s activity.
Some commercial activities and projects require obtaining additional approvals from the authorities concerned with those projects and activities, such as approval from the Ministry of Economy, or a specialized approval from the Ministry of Interior, or a specialized approval from the Ministry of Justice, or an approval from the Civil Defense if the activity, for example, is related to the activities of selling fire-fighting equipment.
7- Obtaining the license
After completing all the previous steps to prepare and establish an investment company in Jebel Ali or establish a company in the Dubai Free Zone, you can now receive the commercial activity license, attach some of the required papers and documents, including the economic development steps and pay the commercial license fees for establishing the company, and then register in the Chamber of Commerce as a member.
Establishing a company in the free zones in the Emirates
A person starts by establishing a company in order to achieve a specific goal, even if that company is established by one or more individuals, but the goal desired from establishing that company is one even if the partners are multiple, and the conditions related to establishing the company differ from one country to another, as well as the facilities granted at the beginning of the establishment and during the construction of the company.
Establishing a company in the Jebel Ali area allows the establishment of three types of companies, and each type of company has advantages and options that suit the work you wish to do. We will show you a number of advantages and provide a number of facilities in the Jebel Ali area. We offer you the cheapest offices in places with advantages and large spaces in addition to providing the founder with the freedom to choose to divide the space of the company, so that the division is consistent with its special character.
The investor wishing to establish his company in the Jebel Ali area must provide the legal documents for establishing the company, as well as the data of all partners, if any, and specify the activity for which the company will be established.
Documents you need to establish a company:
- The form must be submitted with the establishment application.
- The original passport and a copy of it must be submitted for all partners in the company.
- Partial explanation of the project and its objective.
- There is a minimum capital that cannot be less than that.
- A certificate from the sponsor stating that the sponsor has no objection to the project managers.
- Declaration of commitment to environmental, health and safety management.
- Provides an explanation of the shareholder’s identity in addition to a decision issued by the Board of Directors and the authorization.
- Statement signed by the director.
In addition to a number of additional papers provided by the company’s managers, all of these papers do not require much time or effort. What the Jebel Ali Free Zone system provides in terms of advantages and facilities in taxes and customs facilities, as well as the provision of trained workers with high technical expertise, and cheap energy, what it provides makes it a fertile field for investors, in addition to the laws related to investment protection and the right of ownership for foreigners within the framework of the legislator or investment.
Our company has a professional team ready to help you establish your business easily (commercial register – equipped offices – investor residence) and thanks to our integrated services, you can establish your company using models specially designed to suit your needs.
Our office provides you with the support you need to establish your business by giving you a range of options that allow you the freedom to choose the best path that suits your personal requirements. Moreover, you will receive assistance in every step of the establishment process, starting from submitting the application, through registering the company data and choosing the activity, and ending with renting the headquarters and obtaining the license.