In this article, we will take a look at the cost of a commercial license in the Dubai Free Zone, and review the details in cooperation with Itqan Company. Dubai Free Zone is one of the most attractive areas for investors and businessmen in the world, as it provides an ideal environment for establishing companies and expanding businesses.

The cost of obtaining a business license in Dubai Free Zone varies depending on the type of business activity and the size of the company required. In cooperation with Itqan Company, we can provide accurate information about the costs and fees required to establish the company and obtain the license legally and effectively.

Potential costs of obtaining a business license in a Dubai free zone include government fees, consultancy services costs, office and functional space costs, and other related expenses. Cooperation with Itqan Company provides the opportunity to plan and implement the process of obtaining the license effectively, and to provide the necessary support throughout the process.

Through our consultation with Itqan Company, you will be able to understand the factors affecting the cost of obtaining a commercial license, and accurately estimate the expected costs. Our goal is to provide the necessary information to investors and businessmen who intend to benefit from the business opportunities available in the Dubai Free Zone in a sustainable and successful manner.

 

Cost of a business license in Dubai Free Zone

The cost of a business license in a free zone in Dubai varies based on several factors, including the type of business activity and the size of the company required, in addition to additional services that investors may need. Generally, the cost of obtaining a business license in a Dubai Free Zone can be divided into several main groups of costs:

• Registration and license fees: These include the government fees required to register the company and obtain the necessary licenses to conduct business activity. These fees vary based on the type of activity and the type of company.
• Costs of consulting services: Investors may need consulting from companies specialized in preparing the necessary documents and procedures to obtain a license and establish the company, and these services come at an additional cost.
• Office and work space costs: Investors may need to rent an office or work space to establish a company, and rental costs vary based on location and size.
• Annual Fees and Recurring Costs: After obtaining a business license, there may be annual fees or recurring costs to keep the business in business.

Renewal of commercial license in Dubai Free Zone

There may be a specific period for renewing the commercial license in the free zone before it expires. It is best to start the renewal process well ahead of time to avoid any delays or interruptions in work, in addition to the following:

• Update documents: Renew the documents required to obtain a trade license. This may include updating contracts, certifications, insurances, and other government licenses required for the company’s activity.
• Completing forms and applications: You may be required to fill out license renewal forms and submit an official application to the Dubai Free Zone office. Make sure to complete all required fields and submit the required supporting documents.
• Payment of fees: Before renewing the license, you must pay the required fees. The value of the fees depends on the type of company, the size of the business, and the commercial activity practiced.
• Review and approval: After submitting the application and paying the fees, the documents and documents will be reviewed by the relevant authority in the free zone. It may take some time to get final approval.
• Receiving the renewed license: If the renewal application is approved, you will receive the renewed trade license from the Dubai Free Zone. Make sure to check the license and ensure that the information mentioned in it is correct.
• Other updates: After obtaining the renewed license, make sure to update any other government agencies or bodies related to your company’s activity, including taxes, social insurance, national ID cards, etc.

It is important to adhere to the deadlines and laws set by the Dubai Free Zone for renewing the trade license. It may be best to work with Itqan’s experts in order to ensure compliance with all requirements and procedures specified for successful license renewal.

Advantages of renewing a commercial license in the free zone in Dubai

The advantages of renewing a commercial license in the Dubai Free Zone are as follows:

• Business continuity: Renewing the commercial license allows the company to continue operating its business without interruption.
• Trust and credibility: Renewing the license contributes to building the company’s reputation and increasing its credibility before customers and business partners.
• Tax benefits: Companies registered in the free zone benefit from tax advantages such as not being charged income tax on profits.
• Market Access: By continuing to operate, the company maintains the ability to access the market and satisfy customer needs.
• Expansion and growth: Thanks to continuity of operation, the company can invest in expansion and growth.
• Maintaining employment: Renewing the license facilitates maintaining the workforce and ensuring business continuity.
• Access to Banking Services: An active business license enables a company to access banking and financing services.
• Legal presence: Renewing the license maintains the legal presence of the company, which protects its rights and ensures compliance with local legislation.
• Flexibility in operations: Continuing to operate allows a company to take advantage of changing business opportunities and adapt to shifts in the market.
• Social responsibility: By continuing to operate, the company can contribute to providing job opportunities and supporting the local community on an ongoing basis.

 

Documents for renewing the commercial license in the free zone

Here is a list of common papers that you may need when renewing a commercial license in the Dubai Free Zone. The renewal steps are as follows:

1. Renewal application form: The form designated for renewing the commercial license must be filled out with correct and complete information.
2. A copy of the current commercial license: A copy of the current commercial license must be submitted.
3. Copy of passport: Local authorities may require a copy of the passport of the employer or general manager.
4. Financial report: A recent financial report must be submitted that explains the company’s financial position.
5. Health Insurance Certificate: In some cases, a health insurance certificate may be required for employees.
6. Continuity report: Some regulatory authorities may request a report proving the company’s continuity in business.
7. Labor Insurance Certificate: If the company employs workers, you may need to provide a Labor Insurance Certificate.
8. Company Commitments Form: The company may be required to submit a form proving its compliance with local regulations and legislation.
9. Report on training: In some cases, companies must submit a report on the training programs they provide to their employees.
10. Personal photos: You may need personal photos of key company officials.

In this article, we discussed the cost of a trade license in the Dubai Free Zone in cooperation with Itqan Company. By understanding the cost associated with obtaining a business license, contractors and entrepreneurs can make an informed decision about their future investments.

Itqan Company comprehensively explains the cost of a trade license in the Dubai Free Zone, detailing the required fees and services provided. But we must note that the exact cost varies depending on the type of business activity and the specific free zone.

Using Itqan Company’s experience and extensive knowledge of the procedures for obtaining a trade license, contractors can benefit from its services to facilitate the process of obtaining the license. They provide assistance in preparing the required documents, filling out the necessary forms, and guiding clients through all steps of the process.

The most frequently asked questions about the cost of a commercial license in Dubai