Steps for Company Formation in Dubai mainland, UAE
To register a Company in the mainland, you need to
1. Find a local sponsor to act as the service agent for your company formation in UAE (the lawyers you engage could assist you)
2. Decide upon the business to be established and, based on that, the legal form of your business.
3. Apply for company registration to the Department of Economic Development (DED) with a proposed company name
4. Obtain a trade license by submitting the company’s documents to the Department of Economic Development (DED) or the Chamber of Commerce and Industry as the case may be.
5. Get the company’s Memorandum of Association (MOA) notarized.
6. Register the trade name
7. Apply for an Establishment Card
8. Obtain the initial and special approvals
9. Sign the Memorandum Of Association and lease agreement before a public notary
10. Obtain location and inspection approval from the Municipality
11. Get document processing done to get a payment voucher issued
12. Pay the license fee to get a trade license issued
13. For hiring employees, get approval from the Name Board and Ministry of Labour.
For more enquiries
tccdubaicompany@gmail.com
Thursday, September 12, 2019
Some #basic #reliefs in #establishing #your #Company in the #Free #Zones in the #UAE
Some #basic #reliefs in #establishing #your #Company in the #Free #Zones in the #UAE
Some of the #incentives or #benefits are that #companies #in #the #freezones
1.:Enjoy 100% tax reliefs (both Corporate & Personal),
2. No foreign ownership restrictions&business established are governed by IFZA, which is responsible for issuing operating licences®ulating the activities of companies within the Free Zone,
3. 100% foreign ownership,
4. 100% repatriation of capital&profits,
5. No currency restrictions,
6. Abundant variety of licensable activities,
7. Sufficient&less expensive energy, 8. Efficient communications,
9. Serviced desks&offices for SMEs and start-ups enjoy an amzing support services and
10. Enables its shareholders, directors and employees to obtain residency visas in the UAE.
For more enquiries
tccdubaicompany@gmail.com
Why #Register #Your #Company In the #Free #Zones in the #UAE?
Why #Register #Your #Company In the #Free #Zones in the #UAE?
There are about 40 Free Zones in the UAE with different objectives. That is, the kind of business establishment determine the free zone to establish your company.
For example, in
Dubai Multi Commodities Centre (DMCC) – Commodities, Trade and Exchanges;
Jebel Ali Free Zone (JAFZA) – Trading, General Trading, Service, Logistics and Industrial;
Dubai International Financial Centre (DIFC) – Banking, Financial Services and Legal;
Dubai World Central (DWC) – Aviation, Logistics, Light industry and Ancillary Services;
Dubai Knowledge Park (DKP) – Human Resources Management, Training and Personal Development;
Dubai Internet City (DIC) – Internet and Communications Technology;
Dubai Media City (DMC) – Media related activities;
Dubai Silicon Oasis (DSO) – Information Technology, Telecom, Electronic and Engineering
Dubai Healthcare City (DHCC) – Healthcare, Medical Education and Research, Pharmaceuticals and Medical Equipment;
Ras Al-Khaimah (RAK) – Trading, General Trading, Service, Industrial and Educational;
Fujairah Creative City (FCC) – Media, Consulting, Communications, Design and Technology.
The right consultation&research would properly guide an investor based on the kind of business he intend to establish.
For more enquiries:
tccdubaicompany@gmail.com
Key steps to start a business in the United Arab Emirates
Key steps to start a business in the United Arab Emirates
Setting up a business in a free zone is relatively easier but also has its own shortcomings as you would require a trade license in Dubai to transact within, and would have to produce at the Free Zones with onward transportation to the nooks and crannies of Dubai.
However, Free zone authorities require minimum paperwork and duration.
Here are the key steps to set up a business in a free zone.
1. Determine the type of legal entity to be formed
2. Choose a trade name for your proposed Company
3. Apply for a business licence
4. Choose an office space
5. Get pre-approvals, register your business and get your licence
To determine the type of legal entity your business would take up. In a free zone, you can set up one of the two types of companies:
Free Zone Limited Liability Company (FZ LLC) also called
Free Zone Company (FZ Co.)
or
Free Zone Establishment (FZE)
The differences lie in the number of shareholders and whether the shareholder is a natural person or a legal person.
All free zones might not register both types of companies. You need to check with individual free zone authorities about the type of company they can register.
For more enquiries:
tccdubaicompany@gmail.com
Setting up a business in a free zone is relatively easier but also has its own shortcomings as you would require a trade license in Dubai to transact within, and would have to produce at the Free Zones with onward transportation to the nooks and crannies of Dubai.
However, Free zone authorities require minimum paperwork and duration.
Here are the key steps to set up a business in a free zone.
1. Determine the type of legal entity to be formed
2. Choose a trade name for your proposed Company
3. Apply for a business licence
4. Choose an office space
5. Get pre-approvals, register your business and get your licence
To determine the type of legal entity your business would take up. In a free zone, you can set up one of the two types of companies:
Free Zone Limited Liability Company (FZ LLC) also called
Free Zone Company (FZ Co.)
or
Free Zone Establishment (FZE)
The differences lie in the number of shareholders and whether the shareholder is a natural person or a legal person.
All free zones might not register both types of companies. You need to check with individual free zone authorities about the type of company they can register.
For more enquiries:
tccdubaicompany@gmail.com
Requirements for #Company #Formation in the #Free #Zones in #UAE
#Requirements for #Company #Formation in the #Free #Zones in #UAE
Investors can either register one of the Free Zone entities, either in form of a Free Zone Establishment (FZE) or a Free Zone Company (FZC) also called the Limited Liability Company.
A Free Zone Establishment(FZE) has one shareholder while a Free Zone Company has two or more shareholders.
A branch or representative office of their existing or parent company based within the UAE or abroad could also be established, called the #Offshore #Companies.
A FZE or FZC is a limited liability company governed by the rules®ulations of the Free Zone in which it is established.
The provisions of the UAE Commercial Companies Law (CCL) do not apply to both registrations.
Before commencing a Free Zone Company or Establishment Registration, we will require the following documents from all shareholders/directors of the proposed new company:
1. Passport Copy and UAE Visa/UAE entry stamp (if non-resident)
2. Bank/Professional Reference Letter
3. Curriculum Vitae (summary of professional history)
4. Business Proposals
5. Company Application Form (which we shall provide)
6. Proof of Address (dated within 3 months) of shareholders amongst other documents.
3. Curriculum Vitae (summary of professional history)
4. Business Proposals
5. Company Application Form (which we shall provide)
6. Proof of Address (dated within 3 months) of shareholders amongst other documents.
For more enquiries
tccdubaicompany@gmail.com
LIST OF FREE-TRADE ZONES IN THE UNITED ARAB EMIRATES
LIST OF FREE-TRADE ZONES IN THE UNITED ARAB EMIRATES
Free-trade zones in the United Arab Emirates are areas that have a special tax, customs and imports regime and are governed by their own framework of regulations (with the exception of UAE criminal law).
The UAE has a number of free zones across Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones.
Free-trade zone exemptions are:
100% foreign ownership of the enterprise
100% import and export tax exemptions
100% repatriation of capital and profits
Corporate tax exemptions for up to 50 years
No personal income taxes
Assistance with labor recruitment and additional support services, such as sponsorship and housing.
Each Free Zone is designed around one or more business industry categories and only offers licenses to companies within those categories.
An independentin free Zone Authority (FZA) governs each free zone, and is the agency responsible for issuing FTZ operating licenses and assisting companies with establishing their business in the FTZ.
Investors can either register a new company in the form of a Free Zone Establishment (FZE) or simply establish a branch or representative office of their existing or parent company based within the UAE or abroad.
A FZE is a limited liability company governed by the rules and regulations of the Free Zone in which it is established.
Except for acquiring nationality in the UAE, the provisions of the Commercial Companies Law (CCL) which governs company Formation do not apply to FZEs, provided that the Free Zones have special provisions regulating such companies.
Free zones
There are about 40 Free Zones operating in UAE.
Abu Dhabi
Abu Dhabi Airport Free Zone (ADAFZ)
Abu Dhabi Global Markets (ADGM)
ADPC - Khalifa Port and Industrial Zone (KPIZ)
Twofour54
Industrial City of Abu Dhabi
Higher Corporation for Specialized Economic Zones
Masdar City Free Zone
Dubai
Dubai Academic City
Dubai Airport Free Zone
Dubai Biotechnology & Research Park (DuBiotech)
Dubai Car and Automotive City Free Zone (DUCAMZ)
Dubai Design District
Dubai Gold and Diamond Park
Dubai Healthcare City
Dubai Industrial City (DIC)
Dubai International Academic City
Dubai International Financial Centre
Dubai Internet City (DIC)
Dubai Knowledge Village
Dubai Logistics City
Dubai Media City
Dubai Multi Commodities Centre or Jumeirah Lakes Towers Free Zone
Dubai Outsource Zone
Dubai Silicon Oasis
Dubai Studio City
Dubai Techno Park
Dubai Technology and Media Free Zone
International Media Production Zone
Jebel Ali Free Zone
Economic Zones World
Sharjah;
Hamriyah Free Zone
Sharjah Airport International Free Zone
U.S.A. Regional Trade Center (USARTC) Free Zone
Sharjah Publishing City Free Zone
Sharjah Media City Free Zone
Ajman
Ajman Free Zone
Ajman Media City Free Zone
Ras Al Khaimah
Ras Al Khaimah Economic Zone (RAKEZ)
RAK Maritime City Free Zone Authority (RMCFZA)
Ras Al Khaimah Investment Authority
Ras Al Khaimah Free Trade Zone
Ras Al Khaimah Media Free Zone
Fujairah
Fujairah Free Zone
Fujairah Creative City
International Free Zone Authority (IFZA)
Umm Al Quwain
Umm Al Quwain Free Trade Zone (UAQFTZ)
Free zones under construction
Dubai Maritime City
Dubai Carpet Free Zone
Dubai Auto Parts City
Heavy Equipment and Trucks Zone
Mohammad Bin Rashid Technology Park
Dubai Flower Center
Dubai Textile Village
International Humanitarian City
Dubai International Arbitration Center
Free-trade zones in the United Arab Emirates are areas that have a special tax, customs and imports regime and are governed by their own framework of regulations (with the exception of UAE criminal law).
The UAE has a number of free zones across Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones.
Free-trade zone exemptions are:
100% foreign ownership of the enterprise
100% import and export tax exemptions
100% repatriation of capital and profits
Corporate tax exemptions for up to 50 years
No personal income taxes
Assistance with labor recruitment and additional support services, such as sponsorship and housing.
Each Free Zone is designed around one or more business industry categories and only offers licenses to companies within those categories.
An independentin free Zone Authority (FZA) governs each free zone, and is the agency responsible for issuing FTZ operating licenses and assisting companies with establishing their business in the FTZ.
Investors can either register a new company in the form of a Free Zone Establishment (FZE) or simply establish a branch or representative office of their existing or parent company based within the UAE or abroad.
A FZE is a limited liability company governed by the rules and regulations of the Free Zone in which it is established.
Except for acquiring nationality in the UAE, the provisions of the Commercial Companies Law (CCL) which governs company Formation do not apply to FZEs, provided that the Free Zones have special provisions regulating such companies.
Free zones
There are about 40 Free Zones operating in UAE.
Abu Dhabi
Abu Dhabi Airport Free Zone (ADAFZ)
Abu Dhabi Global Markets (ADGM)
ADPC - Khalifa Port and Industrial Zone (KPIZ)
Twofour54
Industrial City of Abu Dhabi
Higher Corporation for Specialized Economic Zones
Masdar City Free Zone
Dubai
Dubai Academic City
Dubai Airport Free Zone
Dubai Biotechnology & Research Park (DuBiotech)
Dubai Car and Automotive City Free Zone (DUCAMZ)
Dubai Design District
Dubai Gold and Diamond Park
Dubai Healthcare City
Dubai Industrial City (DIC)
Dubai International Academic City
Dubai International Financial Centre
Dubai Internet City (DIC)
Dubai Knowledge Village
Dubai Logistics City
Dubai Media City
Dubai Multi Commodities Centre or Jumeirah Lakes Towers Free Zone
Dubai Outsource Zone
Dubai Silicon Oasis
Dubai Studio City
Dubai Techno Park
Dubai Technology and Media Free Zone
International Media Production Zone
Jebel Ali Free Zone
Economic Zones World
Sharjah;
Hamriyah Free Zone
Sharjah Airport International Free Zone
U.S.A. Regional Trade Center (USARTC) Free Zone
Sharjah Publishing City Free Zone
Sharjah Media City Free Zone
Ajman
Ajman Free Zone
Ajman Media City Free Zone
Ras Al Khaimah
Ras Al Khaimah Economic Zone (RAKEZ)
RAK Maritime City Free Zone Authority (RMCFZA)
Ras Al Khaimah Investment Authority
Ras Al Khaimah Free Trade Zone
Ras Al Khaimah Media Free Zone
Fujairah
Fujairah Free Zone
Fujairah Creative City
International Free Zone Authority (IFZA)
Umm Al Quwain
Umm Al Quwain Free Trade Zone (UAQFTZ)
Free zones under construction
Dubai Maritime City
Dubai Carpet Free Zone
Dubai Auto Parts City
Heavy Equipment and Trucks Zone
Mohammad Bin Rashid Technology Park
Dubai Flower Center
Dubai Textile Village
International Humanitarian City
Dubai International Arbitration Center
Subscribe to:
Comments (Atom)