Dubai, the business capital of the Arab region, is the preferred destination for investors and entrepreneurs to start their own projects or expand existing businesses. Free zones in Dubai offer a range of benefits to those looking to do business in them, all in accordance with their own rules, principles and requirements. Before you start working, you must determine the type of work and its requirements, then learn about the steps to establish a company in the free zones in Dubai and all the necessary procedures that we will present to you in this article.

Types of free zones in Dubai

There are two types of free zones in Dubai:

1. Free Zone Company - Limited Liability
2. Free Zone Corporation

It should be noted that the main difference between the two types is the number of shareholders and their legal status, whether they are natural or legal persons. In it, reference is made to the authorities concerned with the separate management of each free zone.

The number of free zones in Dubai is constantly increasing, and here are some of the most popular areas that people choose to set up a company in the free zones in Dubai:

Pros of starting a business in Dubai free zones:

Steps for setting up a company in Dubai Free Zone:

When starting a business in the free zones in Dubai, you need to consider a number of legal matters and steps, namely:

1. Determine the type of activity to obtain a business license
2. Determine capital requirements
3. Choose a trade name that matches the economic development departments
4. Apply for a business license (the type of license you apply for depends on the primary function of your business).
5. Selection of offices and work facilities
6. Obtaining initial approvals:
   • Application form for initial approval, which meets data requirements
7. Action Plan
   • Copy of current business license/certificate (for existing companies, only applicable to local companies);
   • Colored passports of the company's shareholders and the elected director or board member of the new company
   • A letter signed by each of the company's shareholders and the appointed manager or CEO of the new company
   • 2 years' audited financial statements covering the company's financial plans, or a certificate of ownership for each share
   • No letter of protest from the current sponsor (for individuals).
   • The title deed of the real estate unit
   • Letter of Intent
   • Letter from the commercial register of the manager / department member (submitting the original copy with its official registration by the civil registrar).

Facility Registration:

The different types of activities that can be carried out in free zones:

The commercial activities that can be carried out vary according to the selected free zone. For example, in the Dubai Multi Commodities Center, you can choose from 600 businesses across 20 sectors such as energy, commodities, gold, diamonds, technology, construction, consumer goods, distribution, healthcare, aviation and shipping, education, media, professional and financial services, and services. personal and societal.

In the DIFC, you can engage in financial and non-financial activities, as financial activities include banking, insurance, wealth management, and capital markets, while non-financial activities include retail, restaurants, five-star hotels, arts, galleries, and educational institutions.< /p>

Dubai Free Zone Trade License Cost

Each free zone in Dubai has capital rules for example, you can set up a free zone company to suit your budget, there is a Jump Start package ideal for start-ups, SMEs and entrepreneurs, as well as a Prime Plus package designed for medium and large companies. Therefore, the amount required to start a business in the free zones in Dubai depends on the region and field approved by the person.

Investing in Dubai is considered one of the most important investments in the world. Over the years, Dubai has transformed from a desert city into a city of skyscrapers and a city that receives money, and always offers innovative ideas around the world, whether it is international exhibitions and global events, which made it transform into a smart city In the footsteps of world countries.

Real estate investments have increased in the city of Dubai, and hundreds of investors have come to establish real estate financing businesses in Dubai. Real estate and housing financing is one of the most important types of investment in Dubai, which makes it a suitable and profitable investment and attractive place for investors. Choosing the location is the key, so the location of the property must be near public buildings, shopping and restaurants. If you want to invest in real estate or hotels, you should invest in Dubai in an important location and consult experts.

Advantages of setting up a company in Dubai:

There are many advantages to investing in Dubai in the real estate sector, which encourages investors to invest in Dubai and invest their capital to benefit from large financial returns, and many advantages such as:

• Tax exemption for residential real estate, thus benefiting from the highest profit.
• 100% ownership of real estate and application of the freehold system in specific areas.
• Rental yields in Dubai range between 6% and 9%. Real estate prices in Dubai are relatively low compared to real estate in other cities around the world.
• Flexibility of the visa system and the possibility of renewing it from 5 to 10 years.
• Offers and discounts from real estate developers in Dubai.

For more information about the types of investments in Dubai and the best types that achieve guaranteed profits, and to obtain legal advice from experts in this field, contact our team. We also serve investors, rent offices and warehouses, deal within hassle-free procedures, and help you obtain the necessary permits and all legal documents from government agencies in the fastest time and at the lowest cost.