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Establishing a company in the Dubai Internet Free Zone

Establishing a company in the Dubai Internet Free Zone

٢٠ يناير Establishing a company in the Dubai Internet Free Zone

Establishing a company in the Dubai Internet Free Zone is one of the most important and distinctive things, as the city of Dubai is considered an incubator for institutions and companies working in the field of the Internet and technology. It is one of the most prestigious free zones in the Emirate of Dubai. It is also located close to the Jebel Ali Free Zone and close to the airport. Dubai.

The Dubai Internet Free Zone Authority offers multiple investment packages for people to choose from that suit their budget on the one hand and their aspirations on the other hand.

Dubai Internet City is a creative cluster designed for innovation. Dubai Internet City’s community of entrepreneurs, startups, brokers and Fortune 500 companies is busy creating the future of regional ICT status quo. Dubai Internet City is one of the largest ICT centers in the Middle East and North Africa region, with streamlined systems that facilitate business success.

Dubai Internet City supports entrepreneurs, empowers SMEs, and attracts global ICT leaders to Dubai. Here your business accesses an integrated ecosystem of knowledge workers, distinguished service providers, and expertise from around the world.

Establishing a company in the Dubai Internet Free Zone
Establishing a company in the Dubai Internet Free Zone

 

Legal forms for a company in the Dubai Internet Free Zone

There is a legal form for establishing a company in the Dubai Internet Free Zone, which is represented in the following points:

  • Establishing a company in the Dubai Internet Free Zone for one person: It is a company owned by one person and usually has limited liability and is symbolized by FZCo.
  • Personnel Company: It is owned by more than one person and is usually limited in liability and symbolized by FZCo
  • Sole proprietorship: It is owned by one natural person or one legal person and is symbolized by FZE
  •  A branch of a foreign company or institution

Companies registered and operating from the free zone in Dubai Internet City specialize in different fields and industries

  1. E-commerce: Dubai Internet Free Zone is witnessing significant growth in the e-commerce sector. There are many companies that provide online shopping services, digital product trade, and electronic payment solutions.
  2. ICT: Dubai Internet Free Zone is a hub for technology companies and ICT companies. These companies include software development, website design, hosting solutions, cybersecurity, cloud communications, and blockchain technology.
  3. Consulting and digital services: Many companies in the free zone provide consulting and digital services in various fields such as digital marketing, social media management, data analytics, e-business consulting, and digital brand development.
  4. Games and Digital Entertainment: Games and digital entertainment development companies are located in the free zone, where games and digital entertainment applications are designed and developed, including games for mobile phones, tablets and online games.
  5. E-learning and technical training: E-learning and technical training services are provided in the free zone, as companies work to develop and provide online education and technical training platforms in areas such as technology, programming, and design.

Steps to establish a company in the free zone in Dubai Internet City

There are several distinct steps when establishing a company in the Dubai Internet Free Zone, and we will learn about them through the following lines:

Determine the type of activity

Identifying the activity is the first step in obtaining a business license. Through the activity, the parties associated with this activity and the permitted legal forms are identified.

Choose a business activity

When you decide on the type of legal entity for your business, you should consider choosing an appropriate business name for your business.

Usually, you should contact the competent authority in the free zone or the relevant Department of Economic Development to find out the authorized trade names and check whether the name you intend to use has already been registered by another company.

In addition, specific conditions are set by the economic development departments for approval of a trade name, which include the following:

  •  Not to violate public order and morals.
  • It must also include an indication of the company’s legal entity.
  • In addition, he must not be a user or registered for a similar activity or similar type of activity.
  • It must also be compatible with the nature of the activity and the required legal form.
  •  It should not contain names related to religious beliefs, sects, names of ruling authorities, or names and logos of bodies
  • Local, Arab and international institutions and organizations, and it must not be identical or similar to a local or international trademark registered with the Ministry of Economy.

Selection of offices and work facilities

 In free zones, where you can buy or rent office space, office requirements depend on the number of employees, and the type of practical activity for establishing a company in the Dubai Internet Free Zone.

 Obtaining initial approvals, registering the activity and obtaining the license

Establishments established in free zones are subject to the laws and regulations that govern each specific free zone body or authority.

In order to obtain the necessary approvals, you must apply for the necessary documents. The list of documents varies according to the type of activity and the requirements of the free zone authority.  Below are general instructions on the steps and documents required to obtain approvals.

 Initial approvals

In order to obtain initial approvals to start establishing a company in the Dubai Internet Free Zone, you need the following:

  • An application form for initial approval, complete with the required data
  • Action Plan
  • A copy of the existing business license/registration certificate (for existing companies, this applies to local companies only)
  • Color copies of the passports of the company’s shareholders, and the director or member of management appointed to the new company
  • A signature form for both the shareholders of the company, and the director or member of management appointed for the new company
  • Audited financial reports on the company’s budget for two years, or a reference certificate from each shareholder’s bank
  • No objection letter from the current sponsor (for individuals)
  • Title deed for the real estate unit
  • Letter of intent
  • A form with the commercial registry identification code for the manager/member of management (submit the original copy officially certified by a notary public)

 The freelancer needs to provide a smaller amount of documentation, and in most cases must:

  • Submit a registration request
  • biography
  • Reference letter from the bank
  • A form with the commercial registry identification code (submit the original copy, officially authenticated by a notary public)
  • After obtaining initial approvals, you must pay the registration fees and license fees. Fees depend on the type of license required.

 Documents required for registration:

There are several documents required when starting to establish a company in the Dubai Internet Free Zone, which are as follows:

  • Request to register with complete data
  • Board of Directors’ decision to appoint a director of the company/management member (officially authenticated by a notary and authenticated)
  • A legal agency through which the director/management member is authorized (officially authenticated by a notary and authenticated)
  • The company’s articles of incorporation and articles of association (officially authenticated by a notary and authenticated)
  • Director/management member signature form (officially notarized and authenticated by a notary public)
  • A personal photo of the director/management member with a white background
  • Information about share capital.

How can you establish a company in the free zone ?

Establishing a company in the Dubai Internet Free Zone is much easier than establishing a company inside Dubai, as it can be 100% owned by any nationality, and the presence of a partner or sponsor who is a citizen of the UAE is not required, as the company is registered as a free zone establishment or is a company affiliated with To the free zone or a branch or representative office in the free zone in Dubai.

In this case, it is possible for the main company to be outside the Emirates, and it is not required to be inside the Emirates. The companies located inside the free zone are regulated through the authority responsible for the free zone, which issues any licenses to the company. This is based on the location of the free zone and the activity it carries out, and it varies. The type of license issued by the responsible authority according to the commercial activity.

A company can be established in the free zone by following some steps, including:

  • Choose the company’s location
  • Agreeing on the trade name, as it is the name that distinguishes one company from another.
  • Obtaining the company’s business license.
  • Obtaining initial approval to start work.
  • Commercial license registration.
  • Complete the requirements for a commercial license and obtain it.

 

Establishing a company in the free zone
Establishing a company in the free zone

Establishing a company in the free zone

The UAE is distinguished by the fact that it has more than 40 free zones, in addition to some areas that are being established. Therefore, establishing a company in the Dubai Internet Free Zone

One of the difficult things facing the investor is that it is difficult to choose between many regions. Therefore, Kaber Company, through its extensive experience in business management, helps many investors in choosing the appropriate free zone for their commercial activity. It also helps in establishing and establishing the company in the free zone in the shortest time. At the lowest costs.

Advantages of establishing a company in the Dubai Internet Free Zone

There are many advantages that you can get when establishing a company in the Dubai Internet Free Zone, and these advantages are as follows:

  • 100% retransfer of capital and profits abroad
  • 100% exemption from import and export duties
  • No tax is imposed on corporate gains or personal income in most cases
  • No restrictions on the use of currency
  • Low cost of operations
  • Pre-built offices, factories and warehouses
  • Fast establishment and licensing procedures
  • Single window for customs clearance; That is, multiple administrative services in one station
  • Provides labor recruitment assistance and additional support services, such as sponsorship and on-site housing
  • Abundant and inexpensive energy
  • Excellent infrastructure, communications, and attractive work environment

Advantages of starting your business in Dubai free zones

What is the Dubai Free Zone and what are the benefits of starting a business or establishing a company in the Dubai Internet Free Zone? Simply put, free zones in Dubai are economic zones launched by the government that offer:

  • Corporate and personal tax exemptions, customs benefits and other incentives for foreign investors
  • Dispose of the full profits without any decrease
  • Complete individual ownership
  • There are no restrictions on cash transactions
  • Complete exemption from import and export tax
  • These special rules and regulations have been set by the government to establish such free zones in Dubai.

The most important frequently asked questions about establishing a company in the Dubai Internet Free Zone

What is Dubai Internet Free Zone?

Dubai Internet City Free Zone is a free zone located in Dubai, United Arab Emirates, and is considered a specialized destination for technology, communications and multimedia companies.

What are the basic steps to establish a company in the Dubai Internet Free Zone?

Select the type of company you wish to establish in the Dubai Internet Free Zone (such as a local company, subsidiary or joint venture) and select the business activity associated with it. Establish a business relationship with a corporate services agent authorized by the Dubai Internet Free Zone. Submit a request to register and obtain the necessary licenses from the Dubai Internet Free Zone.

Can I establish a subsidiary in the Dubai Internet Free Zone?

Yes, you can establish a subsidiary in the Dubai Internet Free Zone. Establishing a branch of your existing company in the Dubai Internet Free Zone is a popular option for many companies. The branch is relatively independent from the parent company, but remains affiliated with it and benefits from its legal and operational structure.