Establishing a company in the Abu Dhabi Free Zone represents an important strategic step for companies seeking to benefit from the facilities and advantages that these areas offer for business. The Freedom Zones in Abu Dhabi provide a distinguished business environment that combines advanced infrastructure, modern legislation, flexibility in operation, and lucrative tax advantages, which facilitates the establishment process and supports the growth of companies.
Free zones constitute a major attraction for investors and entrepreneurs seeking to establish their companies and expand their business effectively. Among these thriving free zones, Abu Dhabi Free Zone stands out as a distinguished investment destination that enjoys significant government support and a developed business environment.
Establishing a company in the Abu Dhabi Free Zone is an important strategic step for anyone who aspires to achieve success and prosperity in the business market. One of the ideal partners to achieve this goal is Itqan, which has deep experience and a long history of providing comprehensive and integrated solutions in the field of business and technology.
In this article, we will take a closer look at the process of establishing a company in the Abu Dhabi Free Zone in cooperation with Itqan Company, and explore the opportunities and challenges that investors may face in this context, in addition to reviewing the role of Itqan Company in providing support and assistance to emerging and medium-sized companies in achieving their goals and achieving success. Sustainable.
Establishing a company in the Abu Dhabi Free Zone
Establishing a company in the Abu Dhabi Free Zone constitutes an important strategic step towards investing in the thriving UAE business market. Here is an overview of the basic steps for establishing a company in this region:
- Market study and planning: Before starting the establishment process, investors should study the local market and identify available investment opportunities, in addition to developing an integrated business plan to achieve their business goals.
- Choosing the type of company: Investors can choose the type of company that suits their needs, whether it is a sole proprietorship, a joint-stock company, a partnership, a limited liability company, and others.
- Submitting the application and registering the company: Investors must submit the necessary applications and register the company with the competent authorities in the Abu Dhabi Free Zone, submit the required documents and pay the necessary fees.
- Establishing the organizational structure: After registering the company, investors must determine the company’s organizational structure, appoint senior management and establish operational policies and procedures.
- Obtaining licenses and permits: Investors must obtain the necessary licenses and permits from local authorities and relevant authorities before starting business.
- Establishing a bank account: Investors must open a bank account for the company in a local bank to facilitate financial operations and money management.
- Recruitment and training: After establishing the company, investors should consider hiring and training appropriate human resources to run the business efficiently and effectively.
By following these steps and adhering to local regulations and laws, investors can establish a successful company in the Abu Dhabi Free Zone and benefit from growth and expansion opportunities in the UAE market.
Documents to establish a company in the Abu Dhabi Free Zone
To establish a company in Abu Dhabi Free Zone, local authorities usually require the submission of a variety of documents. Here is a list of basic documents you may need:
- Registration application form: Investors must fill out the registration application form for establishing a company in the free zone.
- Copy of passport for founders: A certified copy of the passports of all founders or shareholders of the company must be submitted.
- Business Plan: A detailed business plan must be prepared that explains the business objectives and operational and marketing plans of the company.
- Articles of Association: The company’s Articles of Association must be prepared and signed by all founders or shareholders.
- Legal power of attorney: Registration in the free zone may require the signing of a legal power of attorney authorizing a specific person to represent the company in legal issues.
- Letter from the bank: The company may need to submit a letter from the bank confirming the ability to pay the required capital to the company.
- Authorization forms for legal representatives: If you have legal representatives to submit the application on your behalf, you may need to provide official authorization forms for them.
- Proof of address documents: The free zone may require documents proving the address of the company’s headquarters, such as lease contracts, water or electricity bills.
Costs of establishing a company in the Abu Dhabi Free Zone
The costs of establishing a company in an Abu Dhabi free zone may vary based on several factors, including the type of company, the size of the planned business, and the services provided by the free zone itself. Here are some of the main sources of costs you might expect when setting up a company in the Abu Dhabi Free Zone:
- Registration fees: These fees include the cost of registering the company in the free zone, and depend on the type of company and the size of capital.
- Costs of legal advisors: You may need to consult an attorney or legal advisor to assist you with the incorporation process and ensure compliance with local laws and regulations.
- Agency Office Fees: If you use an agency office to provide administrative and office support services, you may need to pay a monthly or annual fee.
- Real estate costs: You may need to pay rental fees for the company’s headquarters in the free zone, and this depends on the location and size of the office.
- Capital costs: The capital required by local regulations must be paid, and this varies depending on the type of company and its activity.
- Administrative services fees: These fees may include the costs of administrative services provided by the free zone, such as visa issuance services, customs and logistics services.
- Accommodation and visa costs: You may need to pay fees for residence visas for founders and employees, and this varies depending on nationality and visa type.
- Additional service fees: Additional costs may arise for services such as tax consulting, accounting, shipping and customs clearance services, depending on your company’s needs.
Steps to establish business in the free zone
There are many steps that must be taken in order to be able to establish companies in the free zones in Dubai, and these steps include:
- Determine the type of activity, as it represents the first step in obtaining a commercial license. Through the activity, the parties associated with this activity and the permitted legal forms are determined.
- Preparing capital: Capital requirements vary from one region to another.
- Determine the trade name, as it is the name that distinguishes the institution from others, and there are conditions and rules on the basis of which the trade name is chosen.
- Applying for a commercial license depends on the activity you carry out.
- Choosing offices and work facilities to follow up on work.
- Obtaining initial approvals from the competent authorities.
Permits required to establish a company in the Abu Dhabi Free Zone
To establish a company in the Abu Dhabi Free Zone, you usually need to take the following steps and obtain the following permits:
- Company establishment permit: You must obtain a company establishment permit from the responsible authority in the Abu Dhabi Free Zone. This requires submitting the required documents, such as a copy of the passports of shareholders and directors, business plan, financial contribution details and other required documents.
- Business permit: You must apply for a business permit for your company in the free zone. The company’s activity must be strictly defined in accordance with local laws and regulations. You may need to provide additional documentation or adhere to some specific conditions for the business permit.
- Work Permit: If you intend to work for a company established in the free zone, you will need to obtain your own work permit. You must have the appropriate qualifications and experience for the position you will occupy in the company.
- Residence Permit: If you are a non-citizen of the UAE, you will also need a residence permit to legally reside in the free zone. You must provide the required documents, such as a passport, personal photos, employment contract, medical certificate and other required documents.
Establishing a company in the Abu Dhabi Free Zone allows investors to benefit from several important advantages and business opportunities, including:
- Full ownership: The Abu Dhabi Free Zones Law allows full ownership by local and foreign investors, which means that a company can be 100% owned by one or more people.
- Customs facilities: Abu Dhabi free zones provide customs exemptions on imports, exports and storage, which reduces operational costs and increases the company’s profitability.
- Advanced infrastructure: Abu Dhabi free zones have advanced infrastructure that supports business, such as airports, ports, roads and modern communications.
- Facilitated legal regulation: Local laws and regulations in free zones provide a facilitating regulatory environment that helps speed up the process of establishing and operating the company.
- Tax exemptions: Abu Dhabi free zones provide attractive tax exemptions, including not imposing income tax on profits for up to 50 years.
- Easy access to regional and global markets: Thanks to its strategic location, Abu Dhabi free zones provide an opportunity to easily access regional and global markets.
- Government support: The Abu Dhabi government provides great support to companies located in the free zones by providing distinguished government services and incentive programs.
- Business Infrastructure: Abu Dhabi’s free zones provide advanced business infrastructure, including integrated business centers and meeting and exhibition facilities.
In conclusion, establishing a company in a free zone in Abu Dhabi in cooperation with Itqan Company represents an important strategic step for entrepreneurs and startups. This move provides various opportunities for investment and growth, thanks to the economic advantages and flexible legislation offered by the Freedom Zones in Abu Dhabi. In addition, Itqan Company provides the necessary support and consultations for a smooth and successful company establishment experience. So, do not hesitate to take advantage of this unique opportunity to build a promising future for your company in the heart of global business.
