Advantages of establishing a company in the Dubai Outsource City Free Zone

Establishing a company in the Dubai Outsourcing City Free Zone has many advantages that make it an ideal choice for investors. Here are some of these features:

• Advanced Infrastructure: Dubai Outsource City Free Zone is characterized by advanced infrastructure and modern facilities. It has roads, ports, airports and high-speed communications, facilitating transportation, distribution and international trade.
• Customs facilities: The Dubai Outsourcing Free Zone provides multiple customs facilities, such as customs exemptions and reduced duties on import and export. This promotes international trade and reduces operational costs for companies.
• Tax exemptions: Companies located in the Dubai Outsource City Free Zone enjoy full tax exemptions on profits for up to 50 years. This means no income taxes, personal taxes or corporate taxes, which contributes to increased profitability and enhanced competitiveness.
• Ease of establishment and operation: Investors in the Dubai Outsource City Free Zone enjoy the ease of establishment and operation process. Integrated services are provided, such as simple administrative procedures, company registration, and obtaining licenses quickly and effectively.
• Access to the MENA market: Dubai is a strategic starting point to access the MENA market. Thanks to its strategic location and advanced transportation, companies in the free zone can easily access these emerging markets and exploit significant growth opportunities.

In short, establishing a company in the Dubai Outsource City Free Zone offers a comprehensive set of competitive advantages. From advanced infrastructure to tax exemptions and customs facilities, this region provides an ideal environment for emerging and expanding companies to achieve success and sustainable growth in the global business market.

Documents required to establish a company in the Dubai Free Zone

To establish a company in the Dubai Outsourcing City Free Zone, the required papers usually include:

1. Registration application form: It is filled out and submitted to the relevant authorities in the free zone.
2. Passport copy: for shareholders and directors.
3. Business plan: A detailed plan that explains the company’s goals and its financial and practical plans.
4. Memorandum of Association: Establishes the basic objectives and terms of the company.
5. No objection certificate: It may be requested in some cases from governmental or financial authorities.
6. Health insurance policy: May be required for employees working in the company.
7. Instruments of incorporation and shareholder certificates: confirm the financial contribution of partners to the company.
8. Signature of Form 11: for the company’s founders at the General Authority for Small, Medium and Micro Enterprises

Steps to establish a company in the Dubai Free Zone

Market study: Before starting the establishment procedures, study the target market, determine the type of company you want to establish, and understand the opportunities and challenges related to it. Here are general steps for establishing a company in the Dubai Outsource City Free Zone:

• Select a business activity: Select the business activity you wish to practice in the free zone. Please check local laws and regulations for permitted activities and specific requirements for each activity.
• Choosing the legal type of company: Determine the appropriate legal type for your company, whether it is a sole proprietorship, a limited liability company, or a partnership company. Consult local legal counsel for necessary advice in this regard.
• Choosing a company name: Research and choose a unique and appropriate name for your company. Check name availability and compliance with local laws regarding company naming.
• Licenses and Permits: You need to obtain the necessary licenses and permits from the relevant authorities. These licenses can include a business permit, municipal licenses, industrial permits, and any other licenses related to your company’s activity.
• Establishing a company: Establishing a company may require signing a lease contract for an office or space in the free zone, and preparing the necessary legal documents such as approval of incorporation, articles of association, company contracts, etc.
• Obtaining a business license: After establishing the company, you must obtain a business license from the competent authorities, which allows you to practice commercial activities in the free zone.
• Recruitment and Visas: If you need to bring in foreign employees, you may need to deal with procedures for obtaining work and residency visas for foreign employees. Consult the relevant authorities to obtain the necessary information about these procedures.

 

Types of licenses available in the city’s free zone

There are several types of business licenses that companies can obtain in the Dubai Outsource City Free Zone . Here are some common types of licenses in this region:

• Manufacturing license: This license allows companies to establish and operate a manufacturing unit in the free zone. Companies can manufacture products and goods and export them to local and global markets.
• General Trade License: This license allows companies to practice general trade activities in the free zone. Companies can import and export products and distribute them in the local or global market.
• Services License: This license allows companies to provide a variety of services in the free zone. Services provided may include consulting, marketing, training, logistics, and other professional services.
• Shipping and Logistics License: This license allows companies to provide shipping and logistics services in the free zone. Companies can organize and facilitate the shipping, storage, distribution and customs clearance of goods.

Remember that these are just general examples of the types of licenses available, and the specific types and requirements may vary according to government legislation and laws in the Dubai Outsource City Free Zone. Therefore, it is recommended to contact the specific free zone authority and inquire about the available licenses and requirements in the content.

Conditions for establishing a company in the Dubai Free Zone

To establish a company in the Dubai Outsourcing City Free Zone, the conditions usually include the following:

1. Company type: Limited liability companies, sole proprietorships, or joint stock companies can be established in the free zone.
2. Number of shareholders and directors: The number of shareholders and directors must be determined according to the type of company required.
3. Core Capital: The core capital required for the company must be determined according to the chosen business activities.
4. Permitted activities: The company’s activities must be among the activities permitted in the free zone.
5. Local partner: In some cases, a local partner or agent may be needed to establish the company, depending on local laws and the type of company.
6. Legal papers: The necessary legal papers required by the local authorities must be submitted, such as the registration application form and the company establishment agreement.
7. Governmental authority approvals: There may be a need to obtain special approvals from the relevant government authorities before establishing the company, depending on the type and activities of the company.
8. Health Insurance: There may be a need to provide a health insurance policy for employees registered with the company.

Investors should familiarize themselves with the local government laws and regulations relating to the establishment of companies in the Dubai Outsourcing City Free Zone and consult with Itqan Business Specialists to ensure full and proper compliance with the requirements.

Legal procedures for establishing a company in the city’s free zone

To establish a company in Dubai Outsource City Free Zone, specific legal and financial procedures must be followed. Here is an overview of the basic procedures:

• Choosing the type of company: The type of company you want to establish, such as a local company, a subsidiary, or a joint venture, must be determined according to your business needs and goals.
• Company name: You must select a name for the company and ensure that it is available and not similar to the names of other companies in the region. You must go to the Dubai Business and Trademarks Authority to obtain approval for the company name.
• Submitting a license application: The license application must be submitted to the Dubai Free Zone Authority. The application includes information about the company, its proposed activity, and financial and administrative details.
• Articles of Association: Articles of Association and terms and conditions of the company must be prepared and signed. These contracts can include information regarding shareholders, directors, business objectives, dividend distribution and other important details.
• Required Capital: The company’s required capital must be determined and provided. There may be specific requirements for the minimum capital needed to establish a company, depending on the type of business and the license required.

These are just general steps, and specific requirements and procedures may vary depending on the type of company, required licenses, and government legislation applicable in the Dubai Outsource City Free Zone. Therefore, it is recommended to contact the specific free zone authority and inquire about the exact legal and financial procedures and requirements for establishing a company in the free zone .

Establishing a company in the free zone

Establishing a company in the Dubai Outsourcing City Free Zone requires adherence to specified legal and financial procedures. In cooperation with Itqan Company, we can provide the necessary expertise and assistance to complete this process successfully.

The steps begin by determining the type of company desired and determining its appropriate name. This is followed by submitting a license application to the free zone authority, where detailed information about the company and its proposed activities is provided. Next, articles of incorporation are prepared that set out the terms and conditions of the company.

The required capital must be provided and residence visas for foreign shareholders and employees must be arranged. A bank account must also be opened for the company in the approved bank in the region, where funds are deposited and financial transactions are carried out.

Thanks to cooperation with Itqan Company, it is possible to benefit from the experience and specialized knowledge in establishing companies in the free zone in Dubai Outsource City. The company will provide logistical support and assistance with legal and financial procedures, ensuring that the steps are carried out smoothly and effectively.

Establishing a company in the free zone gives the company the opportunity to benefit from the advantages of the local and international business environment in Dubai, including local investments and access to global markets.

In short, establishing a company in the Dubai Outsourcing City Free Zone requires cooperation with Itqan Company to ensure compliance with the necessary legal and financial procedures. These systematic steps ensure you start your business successfully in a dynamic and evolving business environment.

Frequently asked questions about establishing a company in the free zone: