Commercial license in Dubai Free Zone

Business License in Dubai Free Zone In the international business arena, freedom zones play a vital role in attracting investors and encouraging them to set up their businesses. Among these distinguished free zones is the Dubai Free Zone, which provides an ideal environment for establishing companies and achieving commercial success. In this context, Itqan Company provides support and guidance to investors seeking to obtain a commercial license in the Dubai Free Zone, with a focus on providing distinguished services and assistance throughout all stages of the process of obtaining the license.

The importance of obtaining a business license in the Dubai Free Zone lies in opening the doors of opportunities for investors to explore new markets and expand the scope of their business. This license is considered an entry card for companies to benefit from the attractive benefits offered by free zones, such as tax exemptions, simple procedures for establishment and operation, and easy access to the global labor market.

In addition, Itqan Company provides the necessary support to investors throughout the process of obtaining a commercial license in the Dubai Free Zone , starting with initial advice on the appropriate type of license and ending with assistance in completing administrative procedures and submitting the required documents.

In short, a business license in the Dubai Free Zone represents an invaluable opportunity for investors seeking to achieve success in the international business market, and Itqan Company provides the ideal partner to provide the necessary support to obtain this license in a smooth and efficient manner.

What is the free zone in Dubai?

The Dubai Free Zone is a designated zone within the Emirate of Dubai concerned with providing an improved and encouraging business environment for companies and investors. These zones were created to boost the local economy and encourage national and international investments.

Therefore, the free zones in Dubai are characterized by several features that make them attractive to companies and investors, and these features include:

1. First, customs facilities: Providing customs exemptions on import and export for companies located within the free zone.
2.  In addition to that, direct commercial licenses: the possibility of obtaining a commercial license and starting work quickly without the need for local partners.
3. Flexible legal environment: Therefore, providing a flexible legal environment that encourages innovation and growth.
4. As well as advanced infrastructure: providing advanced infrastructure that includes logistical, technological and communications facilities.
5. Then government support: providing specialized governmental and administrative support for companies located in the free zone.
6. Also access to regional and global markets: Having a strategic location allows easier access to the markets of the Gulf region and the world.

The types of free zones in Dubai are also diverse and include areas focusing on logistics industries, technology, trade, financial services, and others, making it a preferred destination for various types of companies and investors.

Commercial license in Dubai Free Zone

First and foremost, a business license in the Dubai Free Zone is an exciting opportunity for companies wishing to expand their business and benefit from international trade. Thanks to its advanced infrastructure and flexible policies, Dubai Free Zone attracts investors from all over the world. In order to take advantage of this opportunity, companies must obtain a business license in the free zone.

Moreover, before starting the process of obtaining a license, investors must take many factors into consideration. First and foremost, investors must choose the right free zone for their business. Dubai has a wide range of free zones targeting specific sectors such as global trade, manufacturing, technology, and financial services.

Therefore, once the free zone is identified, investors must determine the type of company they wish to create, whether it is a sole proprietorship, partnership, or limited liability company. Legal requirements and requirements differ for each type of company.

Then investors must submit the required documents to the Dubai Department of Economic Development and pay the prescribed fees. Documents usually include passports or ID cards of shareholders and directors, company contract, social insurance file, and others.

Also after that, the Department of Economic Development will review the application and after approval, the company will be able to obtain a business license in the free zone. The validity period of the license and the associated costs are determined according to the type of company and business activity chosen.

Economic benefits of establishing in a free zone

Establishing in the Dubai Free Zone carries many economic benefits that make it a preferred destination for companies and investors. Here are some of the key economic benefits:

1. Customs exemptions: Providing customs exemptions on import and export of goods and raw materials used in production processes, which helps save operating costs.
2. Direct commercial licenses: The possibility of obtaining a commercial license without the need for a local partner, which facilitates and accelerates the process of starting work and investing.
3. Flexible legal environment: A flexible and business-friendly legislative environment, with commercial laws that encourage innovation and growth and provide legal protection for companies.
4. Government support: Providing specialized governmental and administrative support to companies located in the free zone, which enhances confidence and stability in the commercial environment.
5. Advanced infrastructure: Providing advanced infrastructure that includes logistical, technological and communications facilities, which facilitates and improves the performance of companies and increases their efficiency.
6. Access to regional and global markets: A strategic location that facilitates easier access to the markets of the Gulf region and the world, providing opportunities for international expansion and growth.
7. High competitiveness:  A business environment that stimulates innovation and encourages the development of products and services of high quality, which increases competitiveness in the local and global market.

Therefore, these economic benefits make the Dubai Free Zone an attractive destination for companies and investors wishing to expand their business and achieve growth and profitability.

Types of commercial licenses available in the free zone

These are some of the common types of business licenses available in the Dubai Free Zone. Available licenses vary slightly depending on the type of free zone and the business activity to be carried out.

Steps to obtain a license in the free zone

A free zone license is a commercial license granted by the authorities in the free zone to companies and individuals who wish to establish or expand a business in this zone, allowing them to benefit from the economic facilities and privileges available in this type of place.

1. Choosing the right free zone:  Start by identifying the free zone that suits your business activity and business needs.
   Application and submission of documents: You may need to submit an application and fill out forms requesting information such as company name, business activity, ownership structure, etc. You will also need documents such as the owner’s passport, personal photos, financial documents, etc.
2. Study and approval: After submitting the documents, a study of the application is conducted and reviewed by the competent authorities in the free zone. If approved, a business license is received.
3. Submitting fees and insurance: You may need to pay the fees required to obtain the license, in addition to providing the required insurances depending on the type of business activity.
4. Receiving the license: After completing the procedures and submitting all the required papers and documents, you will receive your work license.

Therefore, if you need assistance or consultation in the process of obtaining a license in the free zone, you can contact Itqan Company, which provides consulting services and assistance in establishing companies and obtaining commercial licenses in Dubai and the United Arab Emirates. The company specializes in providing the necessary support and guidance to companies and individuals to ensure the process is carried out efficiently

Legal requirements for obtaining a business license in Dubai

The legal requirements for obtaining a business license in Dubai vary slightly depending on the type of business activity and the type of company (sole proprietorship, limited liability company, joint stock company). However, there are some general requirements that usually must be met to obtain a business license in Dubai:

1. Submitting a license application: First and foremost, an official application must be submitted to obtain the license through the relevant authorities in the free zone or the competent government authorities in Dubai.
2. Identity documents:   In addition, a copy of the passport of the owner or general manager of the company must be submitted, in addition to personal photographs.
3. Company documents: If the company is a limited liability company or joint stock company, official company documents such as the social contract, articles of association, and registration certificate must be submitted.
4. Lease Contract: A lease must be submitted for the place where the business operations will be held, whether it is an office or a shop.
5. Site Permit: It may be necessary to submit a permit from local government agencies allowing commercial activity to be carried out at the specified location.
6. Occupational health certificate: In some cases, a health certificate must be provided proving the owner or general manager’s eligibility to operate the business.
7. Social and health insurance: Therefore, local authorities may require the submission of certificates proving payment of social and health insurance for employees.
8. Legal fees: You must pay the legal fees required to obtain the license and complete the necessary legal procedures.
9. Then the environmental assessment: An environmental assessment may be required for the project, especially if it is required by a commercial activity.
10. Also special licenses: Some commercial activities may require special licenses such as building permits, food licenses, health and safety licenses, and others.

Moreover, these are some general requirements, and the detailed requirements may vary depending on the type of business activity and the free zone in which you wish to work. Therefore, it is necessary to refer to Itqan Company to obtain accurate and detailed information about the legal requirements for obtaining a business license in Dubai.

Licenses for small and medium-sized companies in the free zone

First and foremost, the licenses for small and medium-sized companies in the free zone vary slightly depending on the type of free zone and the commercial activity that is to be practiced. However, there are some common licenses that SMEs can take advantage of in the Dubai Free Zone:

1. General Trade License: This license allows small and medium-sized companies to practice any legitimate commercial activity inside and outside the free zone, giving them flexibility in developing their business.
2. Professional Trade License: Issued to professionals who wish to practice a specific professional activity, such as doctors, lawyers, engineers, and designers, and facilitates the practice of work independently within the free zone.
3. Then, a technical trade license: allows small and medium-sized companies to provide technological solutions, software, and technical services within the free zone, and enhances opportunities for growth and innovation in this sector.
4. An import and export trade license: enables small and medium-sized companies to freely conduct import and export operations inside and outside the free zone, which enhances their ability to do international trade.
5. Also a financial services trade license: It allows companies to provide financial services such as banks and other financial companies within the free zone, which enhances their role in the financial services sector.
6. Industrial Trade License: Issued to companies that wish to manufacture and produce goods within the free zone, and includes various industries, including heavy and light industries.

These are also some of the common licenses that small and medium-sized companies can obtain in the Dubai Free Zone. Small and medium-sized companies can benefit from these licenses to develop their business and expand their scope of work efficiently and effectively.

Commercial license in Dubai Free Zone

We can help you with your license in the free zone

Itqan Company is a consulting company that plays an important role in the process of obtaining a business license in the Dubai Free Zone. Here are some of the roles that Itqan Company may play in this context:

1. First and foremost, pre-establishment consultations: Itqan Company provides specialized consultations prior to establishing the company , including feasibility studies, market analysis, and evaluation of investment opportunities in the free zone.
2. Guidance in choosing a free zone: Itqan Company provides information and advice about the free zones available in Dubai and guides companies to choose the most appropriate zone for their business activity.
3. Assistance in preparing documents and applications: Itqan Company assists companies in preparing the necessary documents to apply for a commercial license, which includes preparing forms and arranging documents.
4. Therefore, submitting the application and following up: Itqan Company submits the application to obtain the license on behalf of the beneficiary company, and follows up the progress of the application and interacts with the concerned authorities.
5. Also providing administrative and accounting services: Itqan Company provides administrative and accounting services to new companies, including business management, accounts, taxes, and auditing.
6. Then guidance on privileges and facilities: Itqan Company provides information about the privileges and facilities available to companies in the free zone, which helps companies exploit these facilities optimally.
7. Also communicating with government agencies: Itqan Company deals with government agencies and officials in the free zone on behalf of the company, and is responsible for communicating and completing the required administrative procedures.

In general, Itqan Company provides a set of comprehensive services that facilitate and accelerate the process of obtaining a commercial license in the Dubai Free Zone, and supports small and medium-sized companies in establishing and developing their businesses successfully.

Our role in a business license in the Dubai Free Zone

In conclusion of this article, we find that obtaining a business license in the Dubai Free Zone is a crucial strategic step for the success of the business. Through Itqan Company, investors can benefit from experience and comprehensive support to facilitate the process of obtaining a license and establishing business activity with high efficiency.

Thanks to expert guidance and effective assistance in completing legal and administrative procedures, clients can easily start their business and thus in the Dubai Free Zone. In addition, Itqan Company works to provide smart financial solutions and provide financial as well as strategic advice to ensure the company grows and prospers in the dynamic business environment in Dubai.

In summary, a business license in the Dubai Free Zone represents a great opportunity for entrepreneurship and success. With Itqan, investors can benefit from the support and resources needed to build a prosperous future in the global business market.

Frequently asked questions about a business license in the Dubai Free Zone