Establishing a company in the Dubai South Free Zone

Learn about establishing a company in the Dubai South Free Zone, because Dubai South is an emerging city that extends over a huge area of 145 square kilometers and is fully designed to achieve the happiness of individuals. In addition, Dubai South is the main modern development project in the emirate, and it is an embodiment of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and through this article we will learn some important details about establishing a company in the Dubai Free Zone . the South

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Establishing a company in the Dubai South Free Zone

A company can be established in the Dubai South Free Zone easily and effectively through cooperation with Itqan Company, as the company provides its distinguished services to assist in all the steps necessary to establish the company. Dubai South Free Zone, with its advanced infrastructure and flexible regulations, provides ideal investment opportunities for new companies. Through Itqan Company, investors can benefit from extensive experience and knowledge in the field of establishing companies in the Emirates, including identifying the appropriate business activity and choosing the best options for establishing the company at the lowest costs. Itqan also provides specialized legal services that help simplify administrative procedures and ensure compliance with local laws and legislation. In addition, Itqan Company can provide full support after the company is established through its integrated services that include accounts, auditing, and the necessary licenses.

Establishing a company in the Dubai South Free Zone

Advantages of establishing a company in Dubai free zones

Establishing a company in the free zones in Dubai provides many advantages and benefits to investors that they can obtain when establishing their company in those free zones that have a very lively activity in investing in them. The most prominent of these advantages are:

Customs facilities: It gives companies the opportunity to import and export goods without customs duties.
Full Ownership: Foreign companies and investors can enjoy full ownership of their company without the need for a local partner.
Advanced Infrastructure: Free zones provide high-level infrastructure that includes logistical, communications and transportation facilities.
Simple administrative procedures: Free zones provide simple and quick procedures for establishing and managing companies.
Political and Legal Stability: Dubai has a stable and business-friendly political and legal environment.
Access to the regional market: Dubai’s strategic location provides the opportunity to easily access the Middle East and North Africa market.
Financial freedom: Free zones do not impose taxes on income or profits for up to 50 years.
Economic Diversity: Dubai provides a diverse economic environment that provides investment opportunities in various economic sectors.
Government support: The Dubai government provides significant support to startups, small and medium-sized companies through various programs and initiatives.
Transparency and ease of doing business: Dubai has high transparency and simple procedures for doing business.

Procedures for establishing a Dubai South Free Zone Company

First, you must choose the business activity by specifying the company activity you wish to practice, and ensuring that it is compatible with the laws and regulations of the free zone. Here are the remaining steps for establishing a company in the Dubai South Free Zone:

Choosing a company type: Determine the appropriate company type, such as a limited liability company or a partnership.
Choosing a trade name: Determine a name for the company and ensure its compliance with the laws of the free zone.
Submitting an application for incorporation: Submitting an application to establish the company to the free zone authority.
Submitting documents: Submitting the required documents, such as the passport, a copy of the university degree, the business plan, the social agreement, approval of the trade name, the lease contract, and the previous license (if present).
Payment of fees: Pay the fees required to establish the company.
Waiting for approval: Waiting for approval of the establishment application from the free zone authority.
Receiving the license: Receiving the company license after approving the incorporation application.
Opening a bank account: Opening a bank account in the name of the company in one of the approved banks in the free zone.
Registration in government bodies: Registration in the relevant government bodies, such as the Tax and Customs Authority.
Starting to work: After receiving the license, you can start working in the company and implement your business plans.
Please note that these steps may vary slightly depending on the type of company and the laws of the free zone, so it is important to obtain local legal advice from Itqan before starting the incorporation procedures.

The cost of establishing a company in the free zone

The factors that affect the cost of establishing a company in the free zone are represented by several factors, including:

Company type: Different companies can be established in a free zone, such as limited liability companies, partnerships, and sole proprietorships, and the costs of establishing each type vary.
Company activity: Some activities may require special licenses or additional procedures, which increases the cost of incorporation.
Free zone location: Establishment costs vary from one free zone to another based on the fees and services provided in each zone.
Company size: The larger the company and its needs, the higher the costs, as a large company may need additional services such as recruitment and administrative management.
Additional services: such as legal and accounting advice, which the company may need to ensure compliance with local laws and good financial management.
Legal and administrative requirements: The cost of the necessary documents and administrative transactions that the company needs to establish.
Government fees: include fees paid to the government for issuing licenses and licenses necessary to establish the company.
Rental costs: If the company needs an office within the free zone, the cost of renting the office will be charged.
Logistical needs: The cost of logistics needed to start the business, such as setting up the office and equipment. To ensure an accurate cost of establishing a company in a specific free zone in Dubai, it is advisable to speak with a local consultant, such as the experts of Itqan Company, who specialize in establishing companies.

Conditions for establishing a company in the Dubai South region

Despite all the facilities provided by the Dubai South region in establishing companies, there are some conditions for establishing a company in the Dubai South region, which are as follows: –

Choosing the company’s activity: You must determine the company’s activity and ensure that it is compatible with the activities permitted in the Dubai South region.
Determine the type of company: A limited liability company, sole proprietorship, or partnership can be established in the Dubai South area.
Obtaining the approval of the relevant authorities: The approval of the relevant government authorities in the Dubai South region must be obtained before establishing the company.
Completing the legal procedures: All legal procedures required to establish and register the company must be completed.
Providing capital: The capital necessary to establish the company must be provided in accordance with local laws.
Defining responsibilities: The responsibilities and rights of partners or shareholders in the company must be defined.
Providing the necessary documents: All documents necessary to establish and register the company must be provided, such as contracts and agreements.
Compliance with legal controls: The company must comply with all legal controls and regulations in the Dubai South region.

These are some general conditions, and there may be additional requirements depending on the type of company and its activity. To ensure full compliance, it is recommended to consult a local legal advisor who specializes in company formation in the Dubai South region.

Procedures for establishing a Dubai South Free Zone Company

Documents required to establish a company in Dubai South

In order to establish a company in Dubai South , you need to show the following documents (in English or Arabic):

Bring a complete form requesting registration and licensing.
Bring a certified copy of a valid passport (preferably a color copy) of any individual whose name is listed, whether a shareholder, director, general manager, or company secretary, whatever is on the application form.
If the shareholder is a company, a notarized copy of the certificate of incorporation, or a good certificate, must be presented
If it is valid or has a commercial license (if the company is foreign, the documents must be certified, notarized and legal).
In the event that the person who signs the registration and licensing form is not a shareholder, non-manager, non-general manager, or non-secretary
In the application, in this case, a notarized power of attorney or a decision from the board of directors itself must be presented if the shareholder is a company confirming that the person who signs this application is actually authorized to sign and is charged with following up on the procedures for establishing the company in the Dubai South region with all Dubai South authorities on behalf of the shareholders.
Bring two copies of the Memorandum and Articles of Association of the company in Dubai South with the name of the company and the signature of all its shareholders, indicating their names, addresses, and the exact name of each one of them.

At the conclusion of our article about establishing a company in the Dubai South Free Zone, we find that this step requires good planning and strategic thinking to ensure the company’s success in the competitive business environment. Dubai South, with its advanced infrastructure and flexible laws, provides an ideal environment for startups and medium-sized companies to achieve their business goals.

When you decide to establish your company in Dubai South, collaborating with experienced local consultants is essential to guide you through the legal and administrative procedures. Take advantage of the available investment opportunities and consult experts to obtain the necessary support and assistance.

Dubai South is considered one of the most attractive areas for business in the UAE, and provides companies with the opportunity to grow and expand in a growing global market. By choosing this region, you are investing in a bright and sustainable future for your company.