The costs of establishing a company in Dubai Free Zone consist of several main elements, which are as follows:

1. Company licensing fees: These fees vary depending on the type of company and its activity, and usually reach several thousand UAE dirhams (AED).
2. Department of Economic Development (DED) registration fees: These fees include company registration fees and annual license renewal fees, and vary according to the type of company and where it is registered.
3. Free zone registration fees: Each free zone has specific registration fees, including license issuance fees and fees for additional services that may be required.
4. Legal and accounting consulting fees: The investor may need legal or accounting consulting to complete incorporation procedures and ensure compliance with local laws, and this may incur additional costs.
5. Costs of preparing legal and administrative documents: These costs include the costs of preparing company contracts and other administrative documents required to establish the company.
6. Costs of opening a bank account: The company may require opening a bank account for operating purposes, and may incur fees for opening and maintaining an account.
7. Office rental costs: If an office is needed in the free zone, there will be rental costs that depend on the size of the space and its location within the free zone.
8. Other costs: It may include other costs such as social and medical insurance for employees, and the costs of issuing residency permits for foreign managers and employees if necessary.

It is difficult to accurately determine the exact values ​​of costs without knowing the type of company and its exact requirements, but they usually range between several thousand to several tens of thousands of UAE dirhams, depending on the factors mentioned above.

1. Favorable business environment: Dubai free zones provide a favorable and supportive business environment for startups and large enterprises alike. These areas provide advanced infrastructure and integrated facilities that make it easier for companies to start and expand their business efficiently.
2. Legal and administrative facilities: Free zones have easy laws and regulations that facilitate procedures for establishing and operating companies, which reduces bureaucracy and increases the speed of response to companies’ needs.
3. Government and strategic support: Free zones enjoy strong support from the local government and relevant institutions, which includes financial support, customs facilitation, tax reductions in some cases, and corporate promotion to enhance opportunities for growth and prosperity.
4. Access to global markets: Dubai’s free zones provide an ideal commercial interface for accessing regional and international markets, as Dubai is a center for global trade, which facilitates export, import and distribution operations.
5. Growth and expansion potential: Thanks to the advanced infrastructure and government support, Dubai’s free zones provide great opportunities for companies to achieve growth and expansion, whether by increasing production, providing new services, or entering into strategic partnerships.
6. Benefiting from global competencies: Dubai is one of the cities that attracts international competencies and talents, which contributes to strengthening work teams within companies and increasing innovation and productivity.

In short, establishing a company in Dubai Free Zone is considered a strategic investment thanks to the favorable economic environment, significant government support, and ample opportunities for growth and expansion in a growing global market.

Itqan is committed to providing advice on establishing companies in Dubai Free Zone based on its experience and deep understanding of the business environment in Dubai. Here are some valuable tips provided by Itqan Company for establishing companies in the free zone:

1. Choosing the appropriate free zone: Before starting the establishment process, the investor must choose the free zone that suits the type of activity he wishes to practice. Free zones in Dubai vary in the specializations and services they offer, making this choice crucial to the success of the company.
2. Local Legal Advice: It is important to obtain local legal advice before starting the incorporation process. Legal consultants in Dubai can provide assistance in understanding local legal procedures, and ensuring compliance with all local regulations and laws.
3. Determine the company structure and shareholders: The company structure must be precisely defined, including identifying shareholders, ownership percentages, and the responsibilities and financial rights of each of them. This helps avoid potential problems in the future and ensures transparency of relationships within the company.
4. Necessary licenses and permits: All necessary licenses and permits must be obtained from the relevant authorities before starting operational work. This includes business licenses, company licenses, and any licenses specific to the type of activity such as industry, trade, or services.
5. Accurate financial planning: An accurate financial plan should be prepared that includes estimates of expected expenses and revenues, and the duration of the return on investment. This helps determine the capital requirements needed to start the business and ensure its sustainability in the future.
6. Registration and insurance: After obtaining all licenses, the company must be officially registered with the Department of Economic Development (DED) in Dubai and open a bank account for the company. The necessary insurances for employees, managers and the company’s basic assets must also be arranged.
7. Searching for a suitable office: Choosing a suitable office within the free zone is an important matter, as it affects the ease of managing the company and access for employees and customers.
8. Benefit from government support: Dubai free zones offer strong support from the local government, which includes tax reductions in some cases, customs facilities, and simplified administrative procedures. The investor should exploit this support to enhance the company’s success.

In short, establishing a company in Dubai Free Zone requires careful preparation and planning, and Itqan’s consulting can help new companies overcome the challenges and take advantage of the opportunities available in this dynamic business environment.