Establishing a company in the free zone in Studio City in Dubai. Establishing a company in a free zone represents an important strategic step towards taking advantage of the developed business environment in the United Arab Emirates. In cooperation with Itqan Company, investors have a unique opportunity to build and develop their business sustainably and efficiently in a free zone such as Dubai Knowledge Park. This region is characterized by great government facilities, tax exemptions, and advanced infrastructure, making it attractive for companies wishing to innovate and grow. Through this introduction, we will take a look at the opportunities available to investors to establish their companies in this inspiring environment, and how to benefit from the distinguished services provided by Itqan Company to facilitate the process of launching and succeeding in the local and global market.

Establishing a company in the Studio City Free Zone in Dubai in cooperation with Itqan Company represents an important strategic step towards benefiting from the advanced business environment in Dubai, which is characterized by large government facilities and a flexible regulatory framework. Freedom zones like the Knowledge Park are an ideal haven for companies looking to innovate and grow, as they offer cutting-edge infrastructure and attractive tax breaks. Through this introduction, we will take a look at the investment opportunities available to investors in the Dubai Knowledge Park, and how they can benefit from Itqan’s services in facilitating the process of establishing the company and achieving success in the local and international market.

Establishing a company in the studio city free zone in Dubai

Basic steps to establish a company in a free zone

Establishing a company in a free zone is a strategic step aimed at taking advantage of the tax and financial facilities available, which make it an ideal environment for new and medium-sized companies. These areas provide advanced infrastructure and simple regulatory procedures, which attracts investors from various sectors to invest and expand. Basic steps to establish a company in a free zone:

• Choosing the type of company: You must choose the appropriate legal form of the company, such as a limited liability company, sole proprietorship, or joint stock company, based on the type of activity and the number of expected shareholders.
• Choosing trade names: You must choose appropriate trade names and ensure that they are legally available in the selected free zone.
• Submitting a registration application: The company registration application must be submitted to the competent authorities in the free zone, and all required documents such as the registration form and personal data of shareholders and managers must be submitted.
• Obtaining the necessary licenses: Establishing a company requires obtaining various licenses required to practice specific economic activities, including commercial, industrial, and service licenses as needed.
• Opening a bank account: The company must open a bank account in one of the approved banks in the free zone, in order to effectively manage financial and operational transactions.
• Securing labor: If the company is in need of labor, the process of securing work visas and residence permits for selected employees must begin.
• Renting office and practical spaces: The company must rent the office or practical spaces required in the free zone, according to business requirements and planned activities.

Establishing a company in a free zone requires careful planning and adherence to local legal and administrative procedures, and in cooperation with experts in the field, investors can avoid challenges and achieve success in the local and global business environment.

Licenses necessary to operate the company in the free zone

Establishing a company in a free zone constitutes an important strategic step for investors who seek to benefit from the tax and financial facilities provided, which make these areas an ideal environment for business. This process requires obtaining various licenses that suit the type of business activities that the company intends to engage in. Licenses necessary to operate the company in the free zone

• License to establish a company: Establishing a company requires obtaining an official license from the competent authorities in the free zone, and this includes submitting the required registration forms and documents to shareholders and managers.
• Commercial activity license: A license must be obtained that allows the company to practice specific commercial activities. This license varies according to the type of activities such as trade, industry, services, etc.
• Industry license (if necessary): In the case of companies that specialize in industry or manufacturing, it may be necessary to obtain a special industry license from the relevant authorities.
• Export and import license (if necessary): If the company is planning import or export activities, it may need special licenses that allow the handling of goods and goods across borders.
• Building and construction license (if necessary): For companies dealing in the field of building and construction, a license is required from the competent authorities in the free zone.
• Professional services license (if necessary): In the case of companies that provide professional services such as consulting, medicine, engineering, the necessary licenses must be obtained to practice these activities.

Obtaining the required licenses is an essential part of the company establishment process in the free zone, as it ensures legal compliance and smooth operation in accordance with local and international requirements. Specialized consultation or working in cooperation with consulting companies with experience in the free zone is a necessary step to facilitate the process of obtaining licenses and achieving success in the market.

Taxes applied to companies in the free zone

Taxes applied to companies in the free zone

Establishing a company in a free zone is considered an ideal choice for investors looking for a business environment that provides distinctive tax and financial facilities, making it a popular destination for startups and companies with rapid growth. Investors in the free zone enjoy many tax advantages that attract them to attract capital and enhance investments in the local and international market. Taxes applied to companies in the free zone

• Full tax exemptions on profits: Companies registered in the free zone enjoy full tax exemptions on profits generated from activities within the free zone itself, which contributes to increasing the net income available to companies.
• Tax exemptions on capital and shares: Free zones provide tax exemptions on invested capital and shares owned by companies, which reduces tax burdens on investors and encourages increased investments.
• Customs exemptions on import and export: Free zones provide customs exemptions on imported and exported goods, which facilitates international trade operations and reduces additional costs associated with customs and duties.
• Value-added tax exemptions (VAT): In some free zones, companies enjoy tax exemptions on VAT for services and transactions that take place within the free zone.
• No taxes on the personal income of foreign shareholders: Free zones are usually exempt from any taxes on the personal income of foreign shareholders who own shares in companies registered there.

These tax exemptions provide a favorable environment for companies to grow and expand, and attract investors from all over the world to take advantage of the opportunities available in the free zones. Tax and legal consultations play a vital role in achieving legal compliance and making the most of these exemptions to ensure the success of companies in the local and international market.

Our company’s role in establishing a company in the free zone

The conclusion of the process of establishing a company in a free zone in cooperation with Itqan Company reflects the end of the preparation stage and the beginning of a promising investment journey in a developed and stimulating business environment. Thanks to Itqan’s comprehensive support, investors can rest assured that all legal and administrative details are properly utilized, ensuring compliance and transparency in all operations. Itqan’s extensive experience contributes to avoiding potential legal and administrative problems, accelerating the establishment processes and obtaining the necessary licenses.

In conclusion, establishing the company in a free zone with Etqan embodies a strategic investment opportunity based on innovation and excellence, while being keen to build a strong foundation that supports the company’s growth in the local and global market. Itqan’s commitment to providing continuous support ensures continued success and achievement of the company’s future goals, making this partnership a crucial strategic step for both the investor and the company towards building a prosperous and sustainable future in the business world.

Establishing a company in a free zone in cooperation with Itqan Company represents a strategic step of great importance for investors seeking to exploit the economic opportunities available in Dubai. Through this conclusion, we agree that completing the process of establishing a company in the knowledge pool requires not only vision and innovation, but also a commitment to global legal and administrative standards. Thanks to Itqan’s support, investors can benefit from experience and knowledge in all aspects of establishing a company, from preparing strategic plans to obtaining the necessary licenses and managing daily operations efficiently. This partnership provides the opportunity to achieve sustainable growth and increase competitiveness in a market characterized by dynamism and ever-changing challenges. Establishing a company in a free zone in Dubai, in cooperation with Itqan, is not just a business launch, but rather a strategic investment aimed at building a bright future for the company and investors alike.

Frequently asked questions about establishing a company in the free zone