Establishing a company in the free zone at the lowest costs

Establishing a company in the free zone at the lowest costs

Establishing a company in a free zone at the lowest costs. Establishing a company in a free zone is an ideal option for investors who are looking for a suitable business environment and low costs in the United Arab Emirates. Free zones in the UAE enjoy encouraging government policies and attractive tax exemptions that attract startups and medium-sized companies alike. In cooperation with Itqan Company, investors can explore opportunities to establish their companies at the lowest costs and least obstacles, while providing the necessary support and consultations to facilitate the establishment and operation process. Free zones provide advanced infrastructure and easy access to regional and global markets. Establishing a company in a free zone at the lowest costs makes it an ideal choice for companies seeking growth and expansion. This step is a strategic investment that can open new horizons for business and contribute to achieving success and sustainability in the growing UAE market.

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The main benefits of establishing a company in a free zone

Establishing a company in a free zone is considered an important strategic option for investors who are looking for a suitable business environment that enjoys many investment advantages. Free zones in the UAE offer advanced infrastructure, encouraging government policies, and attractive tax exemptions, which contribute to enhancing economic growth and attracting foreign direct investments. Establishing companies in these free zones provides broad opportunities to access regional and global markets, achieve competitiveness and increase profitability thanks to low costs and simple administrative procedures. The main benefits of establishing a company in a free zone include:

Tax exemptions: Companies in free zones are often exempt from income tax for long periods, which helps reduce operational costs and increase profits.
Easy access to global markets: Thanks to their strategic location, free zones provide unique capabilities to access regional and international markets with high efficiency.
Advanced infrastructure: Free zones provide modern infrastructure that includes transportation, communications, and logistics facilities, which effectively supports companies’ operational operations.
Facilitated registration procedures: Free zones are characterized by simplified and quick registration procedures, which greatly facilitates the process of establishing and operating companies.
Freedom of ownership: Foreign investors can obtain full ownership of their business without the need for a local partner, which increases the investment attractiveness of the region.

In short, establishing companies in a free zone represents an ideal choice for investors who seek to benefit from a stimulating business environment that helps them achieve success and sustainable growth in the growing global market.

Tax exemptions available in the free zone

The free zones in the United Arab Emirates are a major center for international investments, providing a unique business environment full of encouraging tax and economic advantages. Thanks to innovative government policies, free zones offer attractive tax breaks for companies that want to benefit from advanced infrastructure and a strategic location that facilitates access to global markets. Tax exemptions available in the free zone include:

Exemption from income tax: Companies registered in free zones are usually fully or partially exempt from income tax for long periods, which contributes to achieving sustainable profits and enhancing financial growth.
Not imposing value-added tax (VAT): Free zones are an area free from imposing value-added tax on exports and services provided abroad, which contributes to enhancing the competitiveness of companies in global markets.
Customs exemptions: Free zones provide customs exemptions on import and export, facilitating the free flow of goods and commodities without trade barriers.
No capital gains taxes: In many free zones, companies are exempt from paying taxes on capital gains and investment profits, which makes investing in these zones more attractive and economically efficient.

With these generous tax breaks, the UAE’s free zones provide companies with the opportunity to grow and expand flexibly, and enhance their attractiveness as an ideal destination for advanced and sustainable global business.

Basic steps to establish a company in the free zone

Establishing a company in a free zone in the United Arab Emirates is an ideal option for investors seeking to benefit from the stimulating business environment and lucrative tax benefits. Free zones provide advanced infrastructure and easy operational procedures, making them an ideal place to establish business and expand commercial activities efficiently and effectively. The basic steps for establishing a company in a free zone include:

Choosing a company type: You must first select the appropriate company type, such as a limited liability company (LLC), sole proprietorship, or subsidiary.
Site selection: Choosing a specific free zone that is compatible with the company’s activities and meets its operational requirements.
Submitting a registration application: An application for registration in a free zone must be submitted along with all required documents, such as the registration form, business plan, passports, and identity documents of shareholders and directors.
Paying fees and licenses: Establishing a company requires paying registration fees and obtaining the necessary licenses from local authorities to start business.
Establishing company contracts: Company contracts and articles of association must be prepared and signed in coordination with the competent authorities in the free zone.
Opening a bank account: Submit a request to open a commercial bank account for the company to manage financial operations and commercial transactions.
Obtaining a work and investment permit: Foreign investors are required to obtain a work and investment permit from local authorities.
Registration with Social Security and tax authorities: The company must register itself with Social Security and local tax authorities as needed.

By following these steps, investors can establish successful companies in the free zones of the UAE, benefiting from the distinguished economic environment and unique government support.

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

Establishing a company in a free zone at the lowest costs represents an important strategic step for investors seeking to benefit from the vast economic opportunities in the United Arab Emirates . Free zones provide advanced infrastructure and encouraging government policies that include tax and customs exemptions, which help reduce operational costs and increase profitability for companies. By benefiting from Itqan’s experience, investors can carefully study their needs and choose the appropriate free zone that matches their business objectives.

In addition, Itqan Company provides the necessary support and consultations during all stages of company establishment, including registration procedures and obtaining licenses, which facilitates the establishment process and ensures compliance with local laws. This step enhances companies’ opportunities for growth and expansion, and opens the doors for them to benefit more from regional and international markets.

By choosing to establish the company in a free zone at the lowest costs, investors can benefit from a stimulating business environment and promising investment opportunities, making it an ideal choice for success and prosperity in the local and global market.

Frequently asked questions about establishing a company in the free zone

What are the main benefits of establishing a company in a free zone?

Establishing companies in a free zone provides access to modern infrastructure, encouraging tax and customs exemptions, in addition to financial and administrative facilities.

What tax exemptions are available in the free zone?

Companies registered in a free zone enjoy income tax exemption for up to 50 years, in addition to not imposing value added tax (VAT) on exports.

What are the basic steps to establish a company in the free zone?

The steps include registering in the commercial registry, obtaining an activity license, establishing company contracts, and paying the required fees.

What are the main costs associated with starting a company?

Costs include registration, licensing fees, and costs related to rentals and other services.

Are there special requirements for directors and shareholders?

Directors and shareholders must have valid identification documents and financial activities must be properly documented.

Should the company hire local citizens?

Rules and guidelines vary from one free zone to another, but in some free zones there are requirements to employ a certain percentage of local labor.

What support services can the consulting firm or local agency provide?

Consulting firms provide a variety of guidance and support services at all stages of company establishment, including visa arrangements, recruitment procedures, and tax and legal advice.

What is the expected time to complete the company establishment process?

The duration depends on several factors, including the type of company and careful planning, but generally the incorporation process can take approximately two weeks to two months.