How to establish a company in the Dubai Production City Free Zone? Dubai Production City is one of the most prominent free zones in the United Arab Emirates, providing an ideal environment for establishing companies and commercial projects. This area is characterized by providing many advantages, including tax exemptions and flexible regulations that encourage investors to start their businesses. Dubai Production City also provides advanced infrastructure and modern facilities that support various industries, from media to artistic production. Establishing a company in this area aims to benefit from the promising opportunities offered by Dubai as a global business hub. Investors can benefit from a wide network of business partners and available resources, which facilitates their access to local and international markets. Through this article, we will review the basic steps and requirements necessary to establish a company in the Dubai Production City Free Zone , in addition to the benefits that investors can reap from this experience.
Steps to establish a company in the Dubai Production City Free Zone
Establishing a company in the Dubai Production City Free Zone requires following a set of specific steps. Here are the basic steps:
Determine the type of activity : You must determine the type of business activity you wish to practice, as the free zone provides a variety of activities, such as media, artistic production, and programming.
Choosing a company name : A unique name for the company must be chosen that complies with the naming laws in the UAE. Confirmation of the name may be requested from the competent authority.
Submitting a license application : After determining the activity and company name, an application for a license must be submitted. This includes filling out the required forms and submitting the required documents, such as a passport and personal photos.
Preparing legal documents : The required legal documents must be prepared, such as the company’s articles of association, which define the company’s structure and objectives.
Office Location : You must choose a location for your office in the free zone. Dubai Production City offers a variety of office space options.
Opening a bank account : After obtaining the license, a bank account must be opened in the company’s name to manage financial transactions.
Apply for Visas : You can apply for work visas for management and employees, including residence visas.
Starting Operations : After completing all the steps and obtaining all the necessary permits, you can start commercial operations. Dubai Production City is an attractive option for investors, as it provides a suitable environment to support innovation and commercial growth.
Cost Factors of Establishing a Company in a Free Zone
The cost of establishing a company in the Dubai Production City Free Zone is affected by several factors, including:
Type of License : The cost of the license varies depending on the type of business activity. There are various licenses including commercial, industrial, and service licenses.
Office Location : Office and office space prices in the free zone vary depending on the location and space required.
Government fees : These include fees required to obtain licenses and registration, fees related to commercial registration, license renewal, and other administrative fees.
Visas : Establishing a company in the free zone requires providing visas for employees and investors, and the cost of visas varies depending on the number of individuals.
Legal Documents : Some businesses may require legal services to prepare documents such as articles of incorporation and articles of association, which can increase the cost.
Professional Consulting : If you need consulting services to set up the company, the cost may include fees for consultants or companies specializing in providing legal and administrative services.
Operating expenses : These include operating costs such as rent, utilities, salaries, and other services necessary to run the business.
Determining these factors accurately will help you estimate the total cost of setting up a company in Dubai Production City Free Zone.
Documents required to establish a company in the free zone
To establish a company in the Dubai Production City Free Zone, a set of basic papers and documents must be submitted. Here is a list of the required documents:
License Application: The license application form, which can be obtained from the relevant authority.
Copies of Passports: Color copies of passports of investors and partners must be submitted.
Personal Photographs: Recent personal photographs of investors and directors, in accordance with applicable requirements.
Business Plan : A detailed business plan that outlines the company’s activities, goals and strategies.
Company Name: A list of suggested names for the company, which must be unique and not already in use.
Partnership document or articles of association: If there are partners, an official document must be prepared detailing the partnership.
Office Address: Lease agreement or document proving the commercial address of the office in the free zone.
Health Insurance : You may need to provide documentation regarding health insurance for investors and employees.
Qualification Certificates: Educational certificates or qualifications for investors if required depending on the type of activity.
Payment of fees: Proof of payment of the fees required to establish the company.
Be sure to check with the relevant authority in Dubai Production City for exact information on the required documents, as requirements may vary slightly depending on the type of activity or company structure.
The importance of establishing a company in the free zone
Establishing a company in the Dubai Production City Free Zone is of great importance for many reasons, including:
Flexible business environment: Free zones provide a flexible business environment that allows investors to operate without local restrictions. This flexibility includes not needing a local partner and facilitating company establishment procedures.
Tax Exemptions: Companies in free zones enjoy tax exemptions, including no tax on income or profits, which contributes to increased financial returns.
Easy access to markets: Dubai offers advanced infrastructure and transportation, which facilitates access to local and international markets, and enhances opportunities for expansion and growth.
Providing government support: Companies in free zones enjoy significant government support, including guidance and advice in various aspects of business, which helps accelerate establishment and growth.
Diversity of business activities: Dubai Production Zone includes a variety of business activities, such as media and artistic production, providing great opportunities for investment in multiple fields.
Innovation and Creativity : The free zone is a hub for innovation and creativity, encouraging the development of new ideas and the provision of innovative services and products.
Modern Infrastructure: Dubai Production City has modern facilities equipped with the latest technologies, which enhances operational efficiency and helps achieve the highest levels of productivity.
Availability of a skilled workforce: Dubai offers a diverse and highly qualified workforce, making it easier for companies to attract the talent they need to achieve their goals.
Establishing a company in the Dubai Production City Free Zone is a strategic move that allows investors to benefit from many business opportunities and grow in a stimulating and encouraging environment.
Etqan Company’s services in establishing companies in the free zone
Itqan Company provides a set of integrated services to facilitate the process of establishing companies in the Dubai Production City Free Zone, including:
Legal Consultations: Providing specialized legal consultations on the requirements for establishing companies, including the preparation of legal documents and articles of association.
Registration Procedures: Assisting clients with company registration procedures, starting from submitting a license application to obtaining the necessary approvals from the relevant authorities.
Document preparation: Prepare all documents required to establish the company, including license applications, contracts, and business plans.
Providing administrative support: Providing administrative support services, including assistance in opening bank accounts and providing advice on business management.
Recruitment and Visa Services: Assisting companies in obtaining work and residence visas for employees, and providing recruitment consultations.
Office Space: Offering a variety of furnished office options, including coworking spaces and private offices.
Marketing Support: Providing marketing consulting to help companies promote their products and services in the market.
IT Solutions: Providing IT services needed to facilitate business operations, such as website design and digital marketing.
Providing ongoing support: Providing ongoing support to clients after incorporation, including assistance with license renewals and advice on expansion. These services facilitate the process of establishing a company and ensuring that the business runs smoothly, helping investors achieve their business goals efficiently and effectively.
In conclusion, setting up a company in Dubai Production City Free Zone is a strategic move that allows investors to benefit from a dynamic and flexible business environment. With tax exemptions, government support, and advanced infrastructure, the free zone offers ideal opportunities for growth and innovation. Taking this step not only enhances access to global markets, but also helps build a strong and competitive brand in the business world. With the specialized support of companies like Itqan, investors can overcome administrative and legal hurdles, making it easier for them to focus on developing their business and achieving their commercial goals. Therefore, embarking on the journey of setting up a company in this region is a promising future investment in the modern business world.
Frequently asked questions about establishing a company in the free zone
What is Dubai Production City Free Zone?
It is a special economic zone that aims to attract investments in the fields of media and artistic production, and provides a suitable environment for establishing companies with tax advantages and flexible procedures.
Do I need a local partner to establish a company in the free zone?
No, foreign investors can establish companies in the free zone without the need for a local partner.
What types of licenses are available in the free zone?
Licenses include commercial, industrial, and service licenses, depending on the type of activity you wish to practice.
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صراحه قمة الاتقان بالعمل
كادرهم واعي ومرن جدا
مروان احمد قاسم
2023-12-14
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صراحه قمة الاتقان بالعمل
مواعيدهم مدروسه و مضبوطه
تعاملهم راقي جدا
سلاسه بالتعامل
كادرهم واعي ومرن جدا
كان لي شرف التعامل معم
البكج الذي وصل فيه اوراق الشركه مره فكرته رائعه جدا
مودتي لهم
Muna Wajanah
2023-12-13
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perfect service 👍🏻👍🏻👍🏻
thaer elareer
2023-12-13
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I had a great experience with them easy and trusted company to start your investment in UAE.
Thanks to the team and Special Thanks to Abeer for being very supportive all the way
Ahmed ElRidi
2023-12-13
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I worked with Itqan on the establishment of a new company in Dubai and they have been very professional. They immediately started a WhatsApp group and this group was giving me complete. Follow up in step-by-step to what are the things that have been done and once the approval got in place, they help me with all the procedures. , I recommend working with itqan for the establishment of new companies in Dubai.
hazem sejary
2023-12-13
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المستشارة ندى قدمت تعاون ومساعدة مميزة جدا
sound a.k
2023-12-13
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Professional nada
Hassan Saeed
2023-12-13
Trustindex verifies that the original source of the review is Google.
الشكر الجزيل للأستاذ محمد حمزه على إبداعه الدائم والشكر الجزيل لشركته المميزة في العمل الدؤب فقد كان لهم الفضل الكبير في مساعدتي على فتح شركتي في دبي وانجاز كل الأمور المتعلقة بها والتعامل مع المصاعب والتحديات بطريقة حرفية ساعدت على تجاوز كل الصعاب
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