Dubai south free zone to be found as the world’s first purpose built free zone. Dubai South free zone is a tactical initiative of the Dubai Government; that places the emirate as a leading logistics as well as a trade center. Dubai South free zone is tactically connect to the Jebel Ali Port; which is (the largest container port between Singapore and Rotterdam); and Al Maktoum International Airport via the devoted Logistics Access strip. This Strip forms a single custom bond sector and enables one of the world’s wildest flows; that is in terms of air to sea and sea to air cargo. Dubai South Free Zone Company provides direct access to Tran road networks. Emirates Road and the Dubai By Pass which makes it a true multi modal logistics platform; which provide a record levels of connectivity, speed and efficiency.
The Dubai South free zone also includes Al Maktum International Airport; which once complete will have the capability to handle 12 million tons of annual cargo; and as well as 160 million passengers. This makes Dubai South free zone an exceptional multi modal project; that supports a number of activities in aviation, humanitarian; commercial, logistics, exhibition, residential and leisure businesses.
First off all in the first place; Dubai South free zone further strengthens Dubai; that is in term of a trade and logistics hub in the region. The Dubai south free zone also has access to the largest sea port; that is of Jebel Ali and perfectly links the port to Al Maktoum Airport through the Dubai Logistics Corridor. So, this allows the direct drive of goods; that is between the sea port and the air port in a single custom bond zone.
Today’s businesses require faster operations, delivery and high level of connectivity. This as a result increases the demand for air transport; to the point that 35% of world trade now depends on it. Such percentage is continuously increasing. In fact in business world, an airport plays a role of an economic catalyst. With a mission to form the aerotropolis model; Al Maktum Airport and Airport City of Dubai South free zone have been designe; that is with forward thinking master plan that creates the frame work for Dubai’s economic future.
Dubai South free zone the City of You
First of all in the first place; Dubai South the City of You is an emerging 145 square kilo meter master plan city; which is base on happiness of the individual. Which also known as the emirate flagship urban project; Dubai South free zone is fix on the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum; Vice President and Prime Minister of the UAE and Ruler of Dubai. The royal vision is imitated in the themes of Dubai Plan 2021; which apply to Dubai South as follows:
- To create an inclusive and cohesive society
- To become a City of happy, creative and empowered people
- Build a smart and sustainable City,
- To become the preferred place to live, work and invest
- Become a pivotal hub in the global economy
License Types available for Dubai South freezone
- Industrial License: this kind of license is use for light manufacturing activities.
- Logistics License; this kind of license is only issue in the Logistics District; that is for logistics services.
- Trading & General Trading License: For import; export, distribution and storage of specific products specified in the License; and also sale of the products within the UAE market through a local distributor.
- Service License: For services specified in the License within the Dubai south freezone and elsewhere in the UAE.
- Education License: this kind of license is use for educational and social services; educational and training, and educational consultancy services.
Dubai South freezone offers a Flexi desk Facility that gives the investor the eligibility to obtain up to Two Visas.
Advantages of Dubai south free zone company formation
Till this point we explain a lot of thing about Dubai south free zone. That is, what is a Dubai south free zone; what is the main type of license in Dubai south free zone; why also we need to set up business in Dubai south free zone. So it is time to say some thing about the benefit of Dubai south free zone company.
- 100% tax free operations for Dubai south free trade zone.
- Full foreign owner ship
- 100% repatriation of capital as well as profits is allow in Dubai south freezone.
- At this point let me tell you one more benefit; for which clients are very keen for Dubai south free zone. Or you can say one more strong point which you need to keep in mind. And I think it is the most key point for free trade zone. That is 0% tax as well as no duty tax for import and export.
- flexible commercial lease terms
- wide range of business activities are available free zone clients.
- Also minimum documentation to setup a company in Dubai south free trade zone.
- A direct access to Jebel Ali Sea Port and also to Al Maktoum Airport
- No proof of share capital as well as no currency restrictions
- Competitive rates for set up company in Dubai south free zone.
- State of the art facilities
Dubai is one of the biggest and most important hubs of international trade for import; as well as export of the products. The govt of UAE desires to form a modern assessment process; so cosmetic product registration in Dubai is compulsory; before lunching any of cosmetic product in Dubai market.
System encounters the spirit of brokers, dealers, buyers, sellers as well as agents; and the best carry out in the field of safety; donate to achieve the main objectives of the Govt of Dubai; and present the latest international systems in the control of import; as well as export of the products outstanding performance; that is, at the regional level and international level.
For this determination it was necessary to provide essential information; needed by the buyers to be aware of all the requirements of the import and export of products.
For Product registration in UAE; the application can be prepared in English or in Arabic. Marketing permission for cosmetic products in UAE can only be given to Manufacturer; who is registered in the Dubai Municipality.
Cosmetic product registration regulation in Dubai
The Govt of Dubai regulates the manufacture; sale as well as import of the cosmetic product; require that all cosmetic product need to be registered prior to placing in Dubai market; as well by requiring the individuals running the activities related to cosmetics to be licensed in Dubai.
The purpose of Cosmetic product registration
The purpose of registration is to ensure the compliance of personal care products; cosmetics and also perfumes; that is to the specifications of the permitted standards. And thus it allows trader, maker as well as importer of cosmetics; personal care products, and perfumes to avoid the rejection of their shipments that arrive to Dubai’s ports. It will also avoid the withdrawal of their products from the domestic market.
What is Cosmetic, personal care or perfume product?
Any substance which is to be place in contact with the a number of external parts of the human body; like epidermis, nails, hair system, lips and as well as external genital organs; or with the teeth and the mucous membranes of the oral cavity; with an intention of exclusively or also mainly to clean, perfume; correct body odors, change appearance protect and / or keep these parts in good condition. Only a trading company license in the UAE; and also has an activity that is related to import or manufacture of personal care; cosmetics or also perfumes can register these products on its trade name.
Advantages of cosmetic product registration in Dubai
- Label protection
- Import and re-export rights
- Brand Protection
- Hassle free trade in UAE and outside UAE.
After registration it is add value of your product and keeps your Business successful.
Functions for cosmetic product registration in UAE
- It is the main source for cleaning.
- Also to protect human skin.
- It is the main source of perfume
- Also it is the main source to correct body odors
- keep in good condition
- To change the appearance
Procedures of Cosmetic product registration in Dubai
There are a number of steps to register a product; But the most common steps for cosmetic product registration in Dubai are:
- Applicant for product registration must be a company form in Dubai and having a cosmetics activity.
- The company must be register with Dubai Municipality.
- Form must be fill for each and every product.
- The company must submit a copy of a valid label assessment of the product.
- After completion of all the requirements a registration report of the consumer product is made.
- We will update you on the status of the application; and once the report is ready we will provide the original.
Required Documents for product registration
Certificate of Free Sales (CFS):
This type of certificate must be from the country of origin; it should be from any recognize body in the country. The CFS should be current at the time of submission. A CFS is a document which show that the product are allow to sell in the home country freely.
Manufacture will provide this type of a document from the company of the product. This document provides all the necessary data regarding ingredients, chemical; and as well as physical properties of the products.
Laboratory Test Report/ ingredient report:
A test report that point out the content of certain heavy metals including; Mercury, Zinc, Arsenic, Lead, Chromium, Cadmium, preservatives; and as well as a micro biology test from recognize laboratory. The test should be either in the Country of Origin or from Dubai Central Laboratory.
List of cosmetic product registration in Dubai
The following list of cosmetic product registration in Dubai is not comprehensive but is provided by way of example:
- Creams, emulsions, lotions, gels and oils for the skin (hands, face, feet, etc.)
- Tinted bases (liquids, pastes, powders)
- Face masks (with the exception of peeling products)
- Make-up powders, after-bath powders, hygienic powders, etc.
- Perfumes, toilet waters and Eau de Cologne
- Toilet soaps, deodorant soaps, etc.
- Bath and shower preparations (salts, foams, oils, gels, etc.)
- Deodorants and anti perspirants
- Hair care products:
- Product for waving, straightening and as well as fixing
- Hair tints and as well as bleaches
- Setting products
- Cleansing products (lotions, powders as well as shampoos)
- Condition products (lotions, creams as well as oils)
- Hair dressing products (lotions, lacquers as well as brilliantine)
- Products for making up and removing make up from the face and as well as eyes
- lips product
- Products for nail care and as well as make up
- Shaving products (creams, foams as well as lotions)
- Products for care of the teeth and as well as mouth
- Products for external intimate hygiene
- Anti wrinkle products as well as products for tanning without sun.
- Sun bath products
- Skin whitening products
Sharjah is the third largest state of the UAE. Sharjah is next to Dubai and efficiently its suburb; with daily traffic streaming to and from creating long traffic jams at rush hours. It was one of the richest states in the UAE. Sharjah is an electrifying, lively state with exciting artifacts in every place. This cultural square is famous for its mixture of restored houses in traditional style. Sharjah is a hub for electronic business and mainly for import and export businesses. Sharjah company formation is a real thrill for investor who wish to setup their business in a rich culture and easily available resources.
License for Sharjah company formation
- Commercial license covering all kinds of trading activity.
- Industrial license for establishing industrial or manufacturing activity
- Professional license covering professions, services, craftsmen and artisans.
What are the requirements for company formation in Sharjah?
Prior to company formation in Sharjah, it is first essential to follow the steps drawn below in order to meet the legal necessities of all concerned government authorities and to promise maximum commercial advantage for the business owner.
- Submit sharjah company formation application and the proposed company name to the Department of Economic Development (DED)
- Notarize the Memorandum of Association in DED for company formation in sharjah
- File company documents with the DED and obtain trade license and the Abu Dhabi Chamber of Commerce and Industry membership.
- Make a name board
- Apply for establishment card at the Ministry of Labor for your company formation in sharjah
- Apply for workers visa in Ministry of Labor
- Register workers with the General Authority for Pension and Social Security
Legal Structures for Business setup in sharjah
In the past, every single emirate followed its own processes for controlling the operations of foreign companies. In run-through, however, Dubai and the other states followed the same common system, whereby foreign companies operated in one of three ways
- With a local sponsor, through a partnership with a United Arab Emirates national or company
- Through a private limited company
- Public shareholding company incorporated by Ruler’s decree
Since 1984, steps have been taken to introduce a organized companies law applicable throughout the United Arab Emirates. Federal Law No. 8 of 1984, as amended by Federal Law No. 13 of 1988 – the “Commercial Companies Law” – and its by-laws have been issued.
The Federal Law orders total local shares will not be less than 51% in any commercial business setup in sharjah and outline seven categories of business setup in sharjah which can be incorporated in the Sharjah. It groups out the requirements in terms of directors, shareholders, minimum capital levels and incorporation procedures. It further lays down provisions governing conversion, merger and dissolution of companies.
The seven categories of company formation Sharjah
- Joint venture company
- Public shareholding company
- Private shareholding company
- General partnership company
- Limited liability company
- Share partnership company
Joint Venture company formation In Sharjah
Joint venture is an agreement between a foreign shareholder and a local partner; it must be done to engage in a desire activity. A joint venture company formation in Sharjah is done among two or more then two partners; that is, to agree on a contract to share the profit and loss of one or more company. The equity sharing from the local side in the joint venture must be at least 51%; but the profit and loss distribution can be set. Also if the expat partner contracts with third party; that is under the name of the local partner will bear the responsibilities. In practice, joint ventures company formation in Sharjah is more suitable for working together on specific projects.
Public Share Holding Company setup In Sharjah
We provide custom solutions to those companies who are planning for public Shareholding Company setup in Sharjah. Public shareholding company (PJSC) required to have a minimum capital of AED 10,000,000 and required at least ten founding members who are United Arab Emirates Nationals, owning between 20% and 40% of In Public Shareholding Company, the capital is divided into equal shares, in such businesses the owner’s liability is limited by the number of shares. Moreover, the Chairman and majority of the Directors in a public shareholding company must be United Arab Emirates national and should hold at least 51% of the shares. In general, banking, insurance or financial sectors run as public share holding companies. The company’s name cannot include the name of any of the stockholders and should instead reflect its activity. In all cases, however, the phrase “Public Shareholding Company” must be attached to the business name. Setting up a Public Shareholding Company in Sharjah is no longer a extraordinary task, as DBC has a pool of professionals who find the people who are keen to be different stake holders of a company.
Private Share Holding Company formation Sharjah
Dubai Business Center (DBC) provides great support for Private Shareholding Company formation Sharjah, as DBC consultancy has already assisted several companies to incorporate in Sharjah, A Private Joint-Stock Company or Private Shareholding Company is a partnership of at least three persons. The companions of private partnership must invest a minimum capital of AED 2,000,000 in the company. Such businesses can be setup for any industrial or commercial type of business setup in Sharjah. A Private Joint Stock Company is subject to all rules and regulations that apply to Public-Joint Stock Companies, except for the rules and regulations relating to public share subscription.
A Private shareholding Company can be established in-between three or more United Arab Emirates Citizens or GCC Citizens. The law also permits citizens of other countries to establish a private shareholding company with at least one United Arab Emirates National. The shares of a private shareholding company cannot be transferred to the public. However, the company can be converted to a public company two years or more after its creation. We can offer assistance for United Arab Emirates nationals and nationals from other countries to set up private share holding company in Sharjah.
General Partnership Sharjah company formation
General Partnership Sharjah company formation is an easy process as professional consultants from DBC can guide you in a right channel. General Partnership consists of two or more associates who hold a joint responsibility for all the company liabilities and activities. This is only kept to United Arab Emirates nationals because the companions are responsible towards the liabilities of the company by their assets unlike expats or foreigners as their assets are usually abroad. As per the legislative order, all joint partners in GPC type of companies should be citizens of the United Arab Emirates. For setting up a General partnership firm in Sharjah,
Representative Office of Foreign Company in Sharjah
In Sharjah, foreign companies are allowed to launch their cooperation or representative offices as per the license granted. Being the leader in business consulting we assists companies to open their representative office in different emirates of United Arab Emirates. In fact, representative office functions as a marketing or administrative center of a foreign company. A representative or link office in Sharjah has limitation in promoting its parent company’s activities. This means that a representative office is only allowed to perform such activities as soliciting orders, collecting data, and marketing projects to be performed by the company’s headquarters. Representative office is also restricted in the number of employees that they sponsor commonly three to four.
Branch of foreign company in Sharjah
Foreign companies are allowed to establish their own branches and representative offices in Sharjah. However, these offices have a restriction in the activities they may conduct within the United Arab Emirates. As per the law in United Arab Emirates, only United Arab Emirates nationals or companies fully owned by United Arab Emirates locals may be appointed as local service agents. Local service agents or sponsors are not involved in the operational side of the company, but they just simply support in getting visas; labor cards etc, and is paid a lump sum amount per year. A popular way for foreign businesses to keep 100% ownership in Sharjah company formation is to incorporate a branch or representative office. These offices do not have separate legal characteristics but are known as an extension of the foreign company, which remains liable for their whole activities.
The primary difference in-between a branch office and a representative office is that a representative office has limitation to gather information and solicit orders and projects to be performed by the parent company. In the case of representative offices, they are also limited in the number of employees they may sponsor (typically 3 or 4).In fact, a representative office functions as an administrative and marketing hub for the parent company. A branch office can involve in commercial activity in the United Arab Emirates and can earn profits as per the license granted.
Sole Proprietorship Sharjah company formation
In most form of the company in UAE a local sponsor is requires to set up company. But still there are some activity for which an expat are allow to set up sole proprietorship. In this type of a Sharjah company formation; a foreign investor to perform some business activities without having a local sponsor. Best examples can be engineering consultancies, medical services, legal practice and other consultancies and similar services. Only investors with a valid and legal UAE residence permit can start a sole proprietorship company in Sharjah. However, the rules in UAE demands that the one who wish to start a sole proprietorship company in Sharjah; should have a local service agent.
LLC Company Formation In Sharjah
At this point let me tell you an other quality of DBC; that is LLC company formation in sharjah. A LLC company can be form with a minimum of 2 and a maximum of 50 partners; whose liability is limited to their shares in the capital. Most companies with foreign partners always opt for LLC company formation in sharjah; due to the fact that this is the only option that ensures maximum legal ownership; that is 49% to the expat for a trading license. Moreover its mandatory to keep one UAE national as a partner in the LLC; investor has to pick one UAE local (sponsor) as a partner in the company.
Planning for company registration in Dubai?
In UAE, every individual emirate as well as the Federal Government is accountable for company registration and business set up. In Dubai, the authorities have generated an atmosphere which is well organized, well define and unrestricted. As a result, Dubai offers an operating condition to company registration Dubai. The working condition in Dubai is the main charm of Dubai company registration; and also the most gorgeous in the region.
Dubai has a strong economy which is one of the world’s best economy; with a large annual trade. UAE has go through a brilliant conversion into a modern state; that is, with a high standard of living.
There are a lot of options offers to local as well as foreign companies; which are search for to start a business with in Dubai. Besides a trading company; there are other companies find that there are distinct benefits in having a company in Dubai; in order to make contacts, study the market scenarios; association with customers, as well as understand the details and needs of any business. Having such presence can provide substantial business benefits in this part of the world.
Dubai company registration
First of all in the first place, investors are always demand to deal with someone they know; as well as they trust. So personal relationships are much more imperative in Dubai as they are in Europe or America. Also, the political stability in UAE made the market very predictable for growth as well as maturity. Thus making the market place very competitive and creating a need for first class market intelligence and information. Dubai company registration offers a comprehensive range of business options to foreign corporations, including:
- Direct trade in Local Market – Dubai company registration in mainland enable you to selling directly to established dealers and distributors
- Branch office – this option of Dubai company registration, allow 100% foreign ownership; but a local agent is requires; license required form DED.
- Special free trade zone: in this option of Dubai company registration, 100% foreign ownership permitted; At this point let me tell you one key point form expat point of view; that is, no local sponsor is required, but trade is restricted to that specific free zone.
- Commercial agency arrangements – in this option of Dubai company registration appointee must be a UAE national or company; agreement to be registered with Ministry of Economy and Commerce
Dubai company registration cost
|DESCRIPTION||FEE in AED|
|Initial approval fee||330|
|Trade Name Approval and Reservation||640|
|Licensing & registration fee||9,999|
|Local Sponsor (Emirati) Fee||7,999|
|Court Notarization Fee||1525|
|PO Box and Company Stamp Fee||900|
|Immigration card fee||1000|
|Labor Card Fee||2,525|
|NET GRAND TOTAL AED||25118 AED|
In this post we will discuss the top 8 reasons for company registration in dubai.
8 reasons for company registration in dubai
Some of these reason are very obvious and some are not so
Infrastructure for company registration in dubai
First of all in the first place, Infrastructure in the UAE is well develop; Due to a period of quick progress; that is the construction as well as commercial facilities. It is up to an international standards; also make it easier for company registration in dubai. Dubai host an airport and a see port in the region; which make it a logistics hub for rest of the world.
DTA for company registration dubai
At this stage let me tell you a key facts. That is, Income tax is always an issue for most of the foreign investor; and considers it as a key point when going for company registration in any part of the world. Double taxation agreement (DTA) of UAE is one of the primary reasons for company registration dubai. UAE has sign a contract on the avoidance of double taxation with around 50 countries. These countries contain its main trade partners from across the world.
Taxes for company registration in Dubai
At this point let me tell you one key fact; which i think is the most leading point. That is, in UAE, there is no corporate tax as well as no income tax. Business in UAE enjoy the least tax structure in the world. The good nature of tax in UAE was mention by the study Paying Taxes 2013 compiled by the IFC; World Bank and Price water house Coopers.
Considering the tax benefit; Dubai company registration is of strategic advantage for both business as well as people.
In practice however only petrochemical companies, oil & gas; as well as branch office of foreign banks are obligatory to pay taxes. There is 0% income tax to be paid by the expat as well as the national of the UAE.
Strong Economy: Dubai company registration
UAE economy was categorized third among 15 countries in the Middle East; as well as 28th among 185 countries worldwide; in the Index of Economic Freedom 2013. UAE has offer an exciting structure for company registration in Dubai. UAE develop an encouraging business environment; as well as high level of political stability to encourage investors for company registration in Dubai.
Low import Duty for Dubai company registration
One more key point for expat to lunch business in UAE; that is, import duties in UAE are very low. That is, 5% for most of the goods. For goods imported for use within a specific Free Zone; At this point let me tell you one key point form expat point of view; that is, there is no import as well as export duties. There are around 44 Free Zones in UAE which offers reasonable packages for company registration in dubai.
FTA and GAFTA for company registration in dubai
First of all in the first place, UAE is the part of the GCC; and so UAE base businesses enjoy duty free trade with all countries in GCC; that also has Saudi Arabia, Kuwait, Oman, Qatar and Bahrain as its members.
The GCC block is at this time discussing to sign Free Trade Agreements with the EU; Pakistan, Australia, Turkey, China, Japan, India, Korea; also with the Latin American countries of Brazil, Uruguay, Argentina as well as Paraguay.
One more key point for expat to lunch business in UAE; that is, it is also an associate of the GAFTA; Greater Arab Free Trade Area in which all GCC states take part. This allows UAE to trade with all the associates of GAFTA with lowest duties and barriers. At this point let me tell you one key point form expat point of view; that is, UAE is a natural choice for those who wish to target GCC country.
Availability of Manpower
First of all in the first place, Dubai has a strong labor policies. It is easy as well as economical to recruit work forces from almost any part of the world. Which open a strong gate for company registration dubai. Govt of UAE, across the seven emirates trying to bring flexibility in labor law; in order to facilitate the labor in their state. At this point let me tell you one key point form expat point of view; that is, Dubai is heavily investing in teaching the national work force; so that to play a greater role in boosting the UAE economy. More than 1.4 million people are now working in Dubai.
Strategic location is one of the main advantage of company registration in dubai; The UAE enjoys a strategic location in the world; as it is place between Asia, Europe and Africa; so it is a place that provides great trading conditions. Western country multi nationals companies use UAE as a hub for the Middle East. Also, Indian traders use the UAE to reach out to the rest of the world. Chinese use UAE as a hub to reach out to the Africa. And also Latin American use UAE as a launch pad for South Asia. At this point let me tell you one key point form expat point of view; that is, company registration dubai helps in targeting a wide range of area.
Dubai has developed in a last decade so much that it stands as the primary trading hub in UAE. The location of Dubai pays a vital role in the charm of the Dubai. It offers to expat the most liberal operating conditions; that is, tax free trading, No trade barriers, protection of the asset, complete privacy; and full repatriation of profit as well as capital.
Dubai also offers a lot of structure for company setup Dubai. That is, offshore company setup; local main land company set up; and also there are so many free zones which offer a variety of license for expat. The tax haven zone is also paying a vital role in the popularity of the region. Dubai has a wealthy market place located in one of the ironic place; which offers a wide range of opportunities in the field of trading and in finance. High ease of use through air or water (around 90 airlines and 170 shipping lines)
Company setup in Dubai might be a good idea if you have decided to launch a business in Middle East. You can start your company in one of two types of authorities; which is “Main land authority” or in any of the free trade zone. Both of these zones offer different civil rights; subject to the nature of the business as well as the type of the business. If you select main land area for your company setup Dubai; then your controlling authority will be Dubai DED. In this type of a business you need a local person; who will act as a local sponsor or local service agent. But if you select a free zone area; then you can set up your company without the need of a local person. We are providing our services for all kinds of Company setup in Dubai.
Procedure of Company Setup Dubai
As we have mentioned that there are two man areas where we can set up company and start our business. Both authorities have their own roles and regulation for local as well as expat. Both have different steps to be followed to get the license. But following are the most common steps to get the license.
Select a Business Activity for company setup Dubai
The first step in the company setup Dubai is to choose a related class of business activity. There are almost three thousand business activities are available for Company setup in Dubai, which fall under different groups. You need to select the correct group of activity in the first place.
Select a Trade Name for Company setup in Dubai
This is one of the main stages of company incorporation in Dubai. In this stage you need to select a trade name of the company. But remember at the time of choosing a trade name you need to follow trade name selection guide lines.
Select a Legal Form for Your Company setup in Dubai
The 3rd step for company setup in Dubai is to select a legal form of the business; as there are more than a few legal forms of the company setup in Dubai; and it is always based on the business activity which you are going to choose in this stage. When you are going to select a legal form for your company set up in Dubai; you need to consider the activity which you will perform in this company; the type of a business as well as the ownership options.
Initial Approval for Dubai company setup
Once we select the trade name, activity and legal form; then the next step is to apply for initial approval. An Initial Approval is a No Objection from Gov’t to start business in Dubai. These approvals carry out business activities as well as legal type of the license. This type of approval is valid for a period of six months; and it is not renewable.
Draft MOA and Local Service Agent Agreement for Company setup Dubai
After getting initial approval the next step is to prepare a MOA; or the local service agreement (LSA) subject to the legal form of the entity. Local Service Agent agreements LSA need to be preparing for professional activity with UAE Local; while MOA is required for the commercial activity. Following Legal forms have to be drafted as MOA.
- Limited Liability Company
- Private Shareholding Company
- Simple Limited Partnership
- Civil Company
- Partnership Company
- Public Shareholding Company
If you are planning to set up a branch company, then an MOA will be needed. But note that it is not needed for Sole Establishment. Dubai Company setup as a Branch of a Free zone Company; where UAE local own less than 51% of the company or a civil company; and a branch of a foreign company that has no UAE local need an LSA Agreement.
Select an office address for company setup Dubai
In order to setup a company in Dubai all companies must have an office. Before to get a final approval for business activity; you need to rent an office space inside in a Dubai. The location need to be approved by the Dubai Municipality. If the partner of the Company setup Dubai is a UAE local and have office space for one license; then we do not need to rent new office space. We can just add new license in the same office address.
Get specific Approval for company setup in Dubai
There are some activities which required special approval from different Gov’t departments. In this stage before final submission you need to take those approvals from concern departments. For example, a Hospital and clinic need special approval from DHA. So you need to have this before final submission.
Get Business License for Dubai company setup
Once we select the trade name, activity as well as legal form of the business; prepare MOA or LSA and rent an office; also get special approval if required. Then the next step is to apply for final approval. In this step you will get your business license. The whole process will take 6 to 7 working days. But it is totally depend on the business activity as well as on all other approvals.
Dubai has converted itself into an international trading center and vital investment destination in many sectors of economy such as import, export, trading, logistics, event management, tourism, financial services, hospitality, and construction and so on. There are several reasons why a lot of entrepreneurs wish to do business set up in Dubai. Here are Top Ten reasons for choosing business set up in Dubai or business set up in uae on a first place for doing business.
10 reasons for doing business set up in dubai
Strategic Location: One of the top most reasons for why to do business set up in dubai is strategic location of UAE. UAE are situated strategically between Europe, Africa and Asia, Dubai is an ideal place for doing business set up in Dubai including international import, export, trading, logistics, event management, tourism, financial services, hospitality, and construction and so on. Dubai is located in the middle of the UAE. coastline stretching along 400 miles. It has access to both the sea and has one of the largest airports in the world, through which Dubai expedites transportation of goods between the West and the East. Thus, business set up in Dubai has an access to 2.5 billion consumer markets situated in the Gulf, Africa, Asia, CIS countries and Europe.
Multinationals Companies. Another reason of business set up in dubai is the presence of multinationals companies in dubai. Many globally well-known multinational companies including Microsoft, Nokia, Sony, LG Electronics, HP, Oracle, HSBC, Boeing, Royal Bank of Scotland, Shell, Emirates Airlines, Proctor & Gamble, BBC World and Adidas have their regional offices in Dubai. Furthermore, many globally recognized universities, colleges and schools have campuses positioned in Dubai, such as Michigan State University, the American University, Rochester Institute of Technology, London School of Economics, Wollongong University, London School of Business and Hult International Business School.
No Taxation: The top reason for why to do business set up in dubai is the zero- taxation in Dubai. The UAE’s economy in common is considered to be the most substantial and most diversified in the region. Dubai applies NO TAXATION policy for almost all types of business set up in Dubai with exclusion of branches of international banks, hotels and major oil and gas companies. The following taxes are NOT applied on business set up in Dubai:
- Capital gains tax
- Personal income tax
- Value-added tax
- Corporate tax
- Withholding tax
Safe Place to Live and Doing Business: The top most reason for why to do business set up in dubai is the Safety, a well-known characters of Dubai as it is one of the safest and harmless places in the world. The crime table in Dubai is one of the lowest in the world. The serious crimes such as kidnap, rape, murder and physical attack represent 0.5 to 1 for each 100,000 people, compared to the world average of 6 to 8 for each 100,000. Moreover, the UAE in common is considered to be one of the politically stable countries in the Middle East area. Security and political stability are some of the most important factors that have conveyed and attract many international investments and businesses into Dubai. Definitely business can grow only in safe environment.
Sea Ports and Airports: One reason of business set up in dubai is the Sea ports and Airports of dubai. Dubai has one of the biggest seaport (Jabal Ali Port) and the biggest airport (Dubai Airport) in the area. so business set up in Dubai you do not feel any hassle in terms of international freight – it is easy to bring goods to Dubai from any part of the world and likewise it is easy to send goods from Dubai to any part of the world through sea, air and land.
Residency Visa. Another most popular and well-known reason for why to do business set up in dubai is the residency visa option. If you setup a company in Dubai and in other Emirates of the UAE in common, you will be authorized to acquire a UAE Residency Visa for yourself, for family members and for other expat employees. Having a UAE Residency Visa will give many benefits such as: you can lease an apartment for long-term basis, you can open a current account in UAE Banks, , and you can get visas for other countries including Schengen countries more easily as a resident in the UAE, you can enter/exit UAE multiple times.
Infrastructure. If you are starting a business set up in Dubai, then you don’t need to worry about infrastructure of the business, finding an office, a retail shop, manufacturing unit or a warehouse – everything is ready to start. New and high standard residential, industrial and commercial, tourism facilities have been built quickly and on a great scale during last decades. Furthermore, new roads, more suitable public transport system, new international airport are being developed. According to Travel and Tourism Competitiveness Report of WEF, the UAE infrastructure has been rated as among the top countries in the world. The UAE came 2nd in quality of roads, 3rd in quality of air transport, 5th in sea port infrastructure and 8th in ground transport network.
Dubai Free Zones. One of the reasons for attraction of foreigner to start business set up in dubai is the free zones. Free Zones are nominated tax-free area, where foreigners can setup business with full ownership and without partnering with a local emirate partner or agent. All Free Zones vary from each another and offer licenses in numerous sectors. For example, there is a Free Zone for educational and training institutions (Dubai Knowledge Village); there is a Free Zone for healthcare providers (Dubai Healthcare City or DHCC); there is a Free Zone for media companies (Dubai Media City), there is a Free Zone for financial institutions and services providers (Dubai International Financial Center or DIFC) and many others. There are more than twenty Free Zones presently operating in Dubai itself.
Full Repatriation of Capital and Profits. One of the reasons of business set up in dubai is the option of full repatriation of capital and profits. Dubai has no restriction on repatriation of capital and profits. However a lot of companies favor to keep their money in the UAE itself due to UAE zero-taxation policy.
Living Standards. Last but not least reason of business set up in dubai is living standards in dubai, to choose business set up in Dubai is because of high quality of life and living conditions that one can enjoy in the Emirate. The UAE was classified as the No.1 country with the best quality of life in the region and 15th in the world out of 160 countries. Furthermore, UN Happiness Index has recently classified the UAE as the 14thhappiest country in the world. While enjoying high quality of life and living standards you can be extra productive and motivated by the positive environment around you.
There are several other reasons of why Dubai has become one of the preferred places for business set up in dubai, working and living. Expats make up nearly 90% of the total residents in Dubai, who are immigrants from almost two hundreds countries of the world. Expats are attracted, among other reasons, by business and investment opportunities in the Emirate.
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Free zone known as free trade zones; or special economic zone; or free tax zone. Free zones are special area within UAE; where expat investor can hold 100% of ownership of his business unlike mainland area. This make free trade zone the most hot site in the UAE; that is for business setup. The govt of UAE has given full authority to free zone to encourage expat; so that to bring their business in this region. UAE govt is doing the best to make their free zone area the most important trading hub of the globe.
In UAE there are almost 44 Free zones. Major Free zones are hosting more than 5000 companies. Even investors can consider Free Zones of UAE a treasure house around the world. Political stability, law and order, life security, fast economic growth; as well as tax haven status, and comfort to do business are the key charms of UAE.
Dubai freezone Company setup
As a leading business consultant in Dubai as well as UAE. Dubai business centers specializes in Dubai freezone company setup and in all free zones of UAE.
We are the business consultants; as well as advisers for corporate; as well as individuals round the world who want dubai freezone company setup; or want to expand their existing business in free trade zone. We have local expertise and global presence to advise on the best possible structure; reduce the risks and guide them with the right procedure; that is to start up a business in Dubai or any free zone.
We are not just providing incorporation services; but also offer business support service.
Type of Dubai freezone company formation
in freezone company the following legal forms are available.
- Branch of Foreign Company
- Free Zone Establishment
- Free Zone Company
Benefits of Dubai freezone company incorporation
- Dubai free zone allows 100% foreign ownership for all type of activity.
- No corporate tax for fifty years; that is 0% for any kind of activity.
- Company formation in Dubai Free zone is duty free entity; that is on goods importing into the free zone.
- Dubai freezone company formation offer you an easy procedures for work permits and Visa.
- Dubai freezone company incorporation enables you to own the properties
- Renewal fees for Dubai freezone company formation are very low.
- Business privacy is strictly maintain in free trade zone.
- Dubai free zone company are also allow to open bank account in Dubai.
- Also there is no restriction for doing more than one activity
There are thousands of company operate in Dubai Free Zone. So free trade zone has produce a lot of employment for both Nationals as well as for expat in UAE. The idea behind the Dubai free zone is to offer to keep the 100% ownership; that is in company formation in dubai free zone. And also free trade zone offer to form company without the need of a UAE local. And the most important thing is that each free trade zone has its own rules as well as regulations. Dubai freezone company setup procedure are vary between Free trade zones.
Dubai freezone company setup Procedure
- Determine the type of license for Dubai freezone company formation
- Determine a legal structure Dubai free zone company setup
- Confirm the business activities for Dubai free zone company formation
- Verify the fees and other charges for Dubai freezone company setup
- Confirm the business facilities for Dubai free zone company formation
- Creating of business plan for Dubai free zone company setup
- Submit application and documents for Dubai free zone company formation
- Secure the preliminary approvals for Dubai free zone company setup
- Payment for Dubai freezone company setup
- Sign the agreements and other documents for Dubai free zones company
- Receive your License for Dubai free zone companies
Now let us have a close look at the above steps for Dubai freezone company setup
Determine the type of license for Dubai freezone company formation
First of all in the first place; the first step in Dubai freezone company formation is to decide the license type. In common, Free Zones offer the following types of business license;
Free Zone General Trading License
This type of license for Dubai freezone company formation allows you to deal with almost all types of goods; with the exemption of bane goods and products that need special approvals. Normally this type of license is relatively more expensive than the trading license.
Free Zone Trading License
This type of license for Dubai freezone company formation allows you to carry out trading activities. Most of the Free Zones allow trading in around 3 categories of items under a trading license.
Free Zone Commercial License
This type of license allow you to do business such as repairing, workshops.
Free Zone Industrial License
This type of license allow you to do manufacturing, packaging, processing and assembling.
Free Zone Consultancy / Service License
This type of license allow you to do consultancy. Most of the legal firms choose a consultancy license for Dubai freezone company formation.
Determine a legal structure Dubai free zone company setup
The legal structure of dubai free zone companies varies according to the number and nature of the partners involved. Documentation required, costs etc also dubai free zone companies change depending on the legal structure of the company. Documents needed for a corporate partner (or a branch entity) would be different from those required for a single shareholder.
Confirm the business activities for Dubai free zone company formation
Not all Dubai free zones allow all type of activities. Some of Dubai free zones specialize in certain activities. So it is important that you check that your propose activities are allow in the Free Zone. Moreover, there are restrictions over the number activities allowed.
Verify the fees and other charges for Dubai freezone company setup
This is the most important step in Dubai freezone company setup. Many investors who wish to set up their company in one of Dubai free zone; go for the cheapest option available base on the clear costs. They don not know the hidden cost; which is to be paid for the services that are essential for the survival of their business. The total cost of Dubai free zone company setup can be categorize into two parts.
- First year cost for Dubai freezone company setup
- Yearly renewal costs for Dubai freezone company formation
Some of Dubai free zone offer packages that are cheaper than the normal company set up costs. Investors fall victim to these packages offer by these free trade zones; because you have to pay the package charges every year. The normal yearly renewal cost can be cheaper than the cost of the packages. In addition, also most of the packages consist of only a business license and not office premises. This may not be very beneficial if you are serious about your business.
If you are ready to spend some time and resources to collect the data; as well as discover the hidden charges and test the real costs for Dubai freezone company setup. It may take many resources, including multiple visits to various free trade zones; asking the right questions, collecting the cost details etc. The most difficult part would be to discover the hidden cost. For starters, it would be ideal to appoint a business setup consultants in Dubai to do this job for you.
Confirm the business facilities for Dubai free zone company formation
Do not assume that all Dubai free zones offer all types of business facilities. However most of the free zones offer office space, warehouse etc availability can also be an important factor. So you need to consider the availability of the important facilities; that is provide by the Free Zone before starting Dubai free zone company formation.
Creating of business plan for Dubai free zone company setup
A proper business plan is requires for Dubai free zone company setup. As a matter of fact, your business plan will not just serve; the purpose of guide line for you. But also it is the part of your business incorporation. You would also be requires to submit your business plan to Dubai free zone; that is for approval before you get the license to operate.
We feel that the importance of a business plan needs to be mention here. Many investors make the mistake of not preparing a business plan; that is for Dubai freezone company setup. A business plan helps you to set your business targets and milestones. A proper business plan also assists you to keep trajectory of the performance of your business. So a business plan is not just only for meeting the requirements of Dubai free zone company setup; but also must for a smooth run of your business.
Submit application and documents for Dubai free zone company formation
Till now we have discuss a lot of thing about dubai free zone company formation. Now its time to submit documents. The application form and other legal documents are need it to be submit; that is to start Dubai free zone company formation procedure. Depend on the nature of the business the require documents may be vary. In common you would need the following documents.
- Free Zone application form.
- Passport copies of share holder.
- Business plan.
- Visa copy (if you have an existing UAE visa).
- Bank statements (to prove the capital amount).
- No objection certificate from the current sponsor (for UAE residents only).
To set up a subsidiary or branch of a foreign company in Dubai free zones, extra documents are requires.
Secure the preliminary approvals for Dubai free zone company setup
At this time let me tell you one thing that some free zone in Dubai; may call for prior approvals from other govt departments to start the dubai free zone company setup. So you need to take these approval before starting the process in free zone.
Payment for Dubai freezone company setup
Now you are ready to make the payments. With some of Dubai free zones, you have the option of making the payments in installments; however, pay attention to the total cost in this case; that is it could be higher than the normal fee.
Sign the agreements and other documents for Dubai Free Zones Company formation
After you make the payments, the concerned Dubai free zone authority; would prepare the legal documents and you will sign them; that is in the presence of an official of that Dubai free zone.
Receive your License for Dubai free zone company setup
Once you complete all the above steps; then it is time to receive your Dubai free zone company formation License. Along with the business license, some Free Zones give certificate of incorporation, share certificates etc. We alway select a best free zone for our client; depend on their requirements.
Comparison of Mainland and dubai free zone company formation
There are more than 20 free zones in Dubai and 44 all over in UAE. Each one is power to register company in their own line of business; and also each one of them has different set of rule, cost and legal structure. Choosing right free trade zone depends on short term; or on a long term objective of the firm and cost difference.
At this stage let me tell you one more point; that is rent for company formation in dubai Free Zone are some what lower than Mainland; the operational cost for company formation in dubai Free Zone is also lower as compare to Mainland. But a dubai free zone company formation are only allow to offer services within that free zone. Whereas, mainland company can offer services to local as well as global market. Operational cost, renewal cost and maintenance cost of dubai free zone company formation are low. Company Setup time frame is very low in free zone as compare to mainland.
Local sponsor or local service agent is requires for mainland Company; it is individual who plays a role of Local service agent.
To summarize the difference, the freedom of doing business internationally is more in free zone as compare to the Mainland.
In business language, the word “offshore” is used to describe any business, company or investment incorporated outside the country of residence. So offshore company formation in Dubai is a legal object incorporated in an Offshore Jurisdiction. Offshore company is not allowed to trade within its on jurisdictions and so called non-resident company. Another word offshore company is used to trade internationally. That’s why it is also called international business company (IBC)
Benefits of offshore Company formation in Dubai
There are number of objective why so many individuals and companies incorporate an offshore company however followings are the main purpose to setup an offshore company.
- 100% tax free (no personal tax no corporate tax)
- 100% customs duty free
- 100% ownership, no local sponsor required
- 100% repatriation of profits and investments
- Extreme privacy, Anonymity, confidentiality and the highest level of privacy protection
- Fit for any kind of international business
- No office space required (only virtual office)
- Liberal bank account opening and maintaining
- Multi-currency Corporate Bank Account
- Quick incorporation require only 2-3 working day
Advantages of UAE Offshore Company Registration
Following are some important advantages summarizing the reasons for why setup offshore companies:
The most common purpose for UAE offshore company formation is tax optimization. Tax optimization is the method of reducing the tax load through lawfully offered means. While tax optimization is considered as a lawful way of reducing the tax pay-out, it is actually different from tax avoidance. Avoidance of tax is an illegal activity by many countries across the world.
United Arab Emirates (UAE) allows 0% tax rates. UAE economy is a real economy with a clear market policy that boosts a fair competition. UAE has signed agreements with many countries across the world for (DTA) Double Tax Avoidance. This supports foreign companies to improve their tax obligation through UAE offshore company registration.
Foreign companies, foreigner individual and wealthy persons from great risk regions use offshore company setup as a vehicle to shield their assets and family wealth. An offshore company formation in this case is used as a device to protect their assets from prospective unrest and restrictions in the country of their residence. A UAE offshore company formation would work great if the assets are earned in a foreign country or has been expatriated over a significant time through authorized and authentic channels. Assets made in foreign countries can be shielded straight under the protection of UAE offshore company or through an offshore bank account assigned to the UAE offshore company.
Large corporate units and firms gather valuable assets as part of their business operations. In order to protect the high risk assets from possible legal clash disturbing the parent group, many holding firms are designed through UAE offshore company incorporation. Assets are parked under holding structure offer better security.
Strict rules of inheritor-ship exist in many countries even in UAE. Such rules bound the freedom in allocating the assets or deciding on the custodians of their capital upon his/her death. As a result, individual and corporate entities choose offshore company somewhere in the world to take advantage of the liberal inheritor-ship provisions. By holding the high value assets under the UAE offshore company formation, and then having certificate for the shares in the offshore determined by the laws of the offshore jurisdiction. the testator can sometimes remove complexities in succession planning.
Ship and Aircraft Registration
Ship and Aircraft are always registered with offshore authority and financed by banks in onshore sector. This kind of structure is very common when the financer has concerns over the rules and regulations in the carrier’s home country. UAE offshore company formation helps to register ship and aircraft under the offshore company.
Individual or corporates who want to invest their earning in different other businesses and projects, But they do not want to disclose to someone, can form an offshore company and then this offshore company can invest as a corporate investor in different other project. An offshore company can hold the shares of other businesses in United Arab Emirates or abroad.
Copyrights, Trademarks and Patents
An intellectual property right (a design or a patents or a copyright or trade mark) might be registered in the name of an offshore company. The Offshore company setup can also buy or sell this type of rights.
Trading in Derivatives
Trading in derivatives and other risky appliances in the regular stock markets is a worrying process due to the strict rules and regulations of the regulatory bodies. Wise people often setup offshore company and use as key vehicle to trade in such risky environment and transfer their incomes to the offshore bank account.
An offshore company allowed legally to opens an offshore bank account which is considered as one of the most secured account in the world. Information of the bank account owner is not shared with any third party entities except there are very special or unusual situations.
UAE is known as one of the world most dynamic country; and a perfect business hub for local as well as international trading. For both east and west UAE is the main commercial meeting point. UAE keeps a liberal economy and is dedicate to ensure free trade and competition. In UAE there are over 200 nationalities that live and work in the UAE. Dubai is one of the main states of UAE. Most of the expiate love to have their business in Dubai. There are some key advantages of dubai company formation.
- Politically UAE is a stable country.
- There are no corporate tax as well as there is no personal tax on income.
- At this point let me tell you one more thing; which is think is the most key one to this stage; that is no restrictions on profit or capital repatriation.
- Low import duties; that is 0% duty tax.
- High level of security to person and property.
- No currency restrictions is also one of the best benefit. Which expat love to avail.
- At this point let me tell you one more thing; which is think is the most key one to this stage; that is it has human resources in all sector of life; that is which is the demand of any business.
Dubai company formation
There are many kinds of legal structures; or in other word we can say that there are different type of Companies; that is to run different sorts of business activities in the UAE. In common, the business which operate in UAE; can be divide into three different classes; such as onshore (mainland) companies, free zone companies and off shore companies.
Dubai company formation in Mainland
Main land – dubai company formation is also call onshore company formation. Main land companies are the one which is register in the UAE main land with DED. At this point let me tell you that; their key purpose is to carry out business in the local market. One of the main differences of the On shore business is that; they can be mold in partner ship with a UAE Local. UAE local must either act as a company share holder and will hold 51% of the company share; or he will act as a local service agent. The capacity of a UAE national is usually decide base on the activity and legal form of the company.
The activities in Dubai company formation are generally classified as
- Commercial activity
- Professional activity
- Industrial activity
This kind of activity is include trading, investment, import as well as export; also a brokerage, a banking, a real estate, insurance etc.
This kind of activity is include those which are relate to the profession; that is, with the use of abilities and skills; such as an IT services, a medical services, a consultancy activities, an education, a farming, a restaurant etc.
This kind of activity is include all kind of manufacturing activities.
Local sponsor for Dubai company formation
Selecting the right local partner or local agent is very difficult; if one is require for the sack of operating in local marking. It is one of the primary issue to start company in Dubai or other Emirates of UAE. At this point let me tell you an important point; which i think will help you to see all this in clear way; that is, if you do not pick the right local sponsor and make the company formation in Dubai; that is, with the casual sponsor, you can be totally block for the future business; because for each government work you may require his signature. Signature is need for visa application of the new employee; renewal of Trade license as well as renewal of the staff visas.
When such signature is missing as you can not reach to your sponsor; can totally stop your company operation. Our company has the right connection with local sponsor; who will be available 24 / 7 to help you and your business.
Offshore Company formation
Off shore Company formation is another option of Dubai company formation; Off shore company is use to conduct international business. In UAE Jebel Ali Free Zone, Ras al Khaimah and Ajman allow IBC formation. Off shore company is also call an IBC. Off shore company is ideal for any type of business that does not want a local office. This type of a dubai company formation is best suitable for investment activity; like hold share in local or in a free zone companies; hold UAE real estate, or invoice to international client; international trading activities outside the UAE. IBCs can not rent office space nor can they apply for any visas. And also note that they are not allow to trade inside in the UAE.
UAE Free Zone Company
Another form of a company formation in Dubai is free zone company. It is also call a free trade zone company. Because it’s origin of formation is free trade area. It is call a tax free zone as there is no corporate nor personal tax in free trade zone. Free zone Company is registere in one of the free zones in the UAE. Free zone company allow 100% owner ship to expat; that is why it is the primary option for all expat; having ambition to open a company in any of emirates.
What is Sole Establishment form of company formation Dubai?
A Sole Establishment form of company formation Dubai is a legal object; which is entirely own by one individual; who is totally liable for the liabilities of the entire company. Sole Establishment form of company formation Dubai can either conduct commercial activities or professional activities in the UAE. According to UAE laws; only UAE nationals as well as nationals of GCC countries are allow to form Sole Establishment; for to carry out commercial activities. The commercial activities are those activities; which are describe in the Art 5 – 6 of the Federal Law No. 18 of 1993 on Commercial Transactions. Some of these activities are trading, import as well as export; real estate development, manufacturing and etc.
However, foreigner are also allow to form Sole Establishment form of company formation Dubai. That is, only for conducting professional activities; non – Physical product, such as a medical services; an engineering services, a management consultancy; a legal services, an IT services and similar services. The Sole Proprietorship form of Dubai company formation, owned by an expat; should appoint a Local Service Agent according with UAE laws. A Local Service Agent should be a UAE national. Whose primary job is to act as link between the company and the government objects. For example, in applying for work permits, visas etc.
How to setup a company in Dubai?
Finally it is time to have set up company in Dubai. At this point let me tell you one more thing; or you can say one more point which you need to keep in mind. Which i think is a key point for all of the clients; and also i think it will work to see the whole process of a set up Dubai company; and show the entire thing in clear way, that is, the easy way to setup company in dubai. So get in touch with us. In the first place, you can use website live chat button. So that to start chats with a Dubai company specialist. Second way is that, you can Click Here to place a call back request.
Dubai is one of the most beautiful as well as attracting city in the world for expat; that is to establish their business. Dubai Mainland Companies offers freedom; as well as benefits which are very unique in this part of the world. The awarding of Dubai with the Expo 20 20 Dubai mainland company formation; that is become more vital for expat then other options. Because if you setup a mainland company; then you are free to do business in uae local market. A Mainland company setup in Dubai will give you a direct access to UAE local market; that is why mainland company formation is also known as local company formation.
Mainland company formation in Dubai
Mainland company formation in Dubai has requires a local emirate national; which is also know as local sponsor or local service agent. Local sponsor is require for commercial as well as for industrial license; while local service agent is requires for professional license. In main land 51% share are reserve for local sponsor. And 49% share are for expat. However our local sponsor which we will provide you; will give you full power of attorney and will avoid any involvement; in the operations or in profit sharing.
DED is the regulatory authority for main land company; and responsible for issuing all licenses related to main land company. DED acts as a one window service center for all mainland company formation.
Benefits of Dubai mainland company formation:
- You can drive your company from any part of UAE
- Able to conduct business in Dubai mainland
- there is also no currency restrictions in main land
- Also it is 100% tax free no corporate tax
- 100% repatriation of capital and profits
- Easy availability of employment visas
- Choice of office locations across Dubai
- Also no capital is requires for a local Dubai license.
- Stable local authority, Simple incorporation process.
- Hassle free set up process to seek license as well as registration
- Flexibility to rent office anywhere in the main land.
- Wide range of license types as well as activities
- No personal income tax
- The one and only practical option for many types of business.
- You can open your office anywhere in UAE.
Process of mainland company setup in Dubai
There are 7 steps to form a mainland company in dubai.
Select business activity for mainland company in dubai:
There are more than 3000 business activities allow in Dubai; which fall into different groups as well as classes. The selection of activity and it correct class is very important. If you select a wrong class and start your business; you may be stop from doing business under that particular class. And possible to pay fine as well; so the selection of proper class is as important as breath to a soul. If you are going to select an activity which is currently not in practice in D.E.D. Then DED may create a new business activity for you.
Select legal form for Mainland Company setup in dubai:
A legal form is an explanation of what sort of business you are planning to start. When you choice a legal form for your mainland company setup in Dubai. You must take into account the business activities; business type, the nationality of owners and the ownership options. Mainland company formation in Dubai can take number of legal forms. Following are the some legal form of the mainland company setup in dubai
- Joint Ventures (JV)
- Branch Offices
- General Partnership Company (JPC)
- Public Shareholding Company (PSC)
- Private Shareholding Company (PSC)
- Share Partnership Company (SPC)
- Simple Limited Partnership (SLP)
- Partnership Company (PC)
- Civil Company (CC)
Select trade name for Dubai mainland company:
After selecting activity and it class, next step is to select a trade name. You will suggest three trade names. When choosing a name for your company you should follow general trade name selection guidelines. During the application process for dubai mainland company; you will get a payment voucher or a transaction number. Please remember the following points for trade name reservation:
- A Trade Name of Dubai mainland company is valid for 60 days
- It has to be renew within one week before it is due to expire
- Trade Name of Dubai mainland company can be renew online only once
- You have pay for your trade name on the same day as you apply for it
- A Trade Name that has already expire cannot be renew
Apply initial approval for dubai mainland company registration:
Next step in mainland company registration is Initial Approval. It is a document which says that the DED has no objection on you to start a business in dubai. It means you can take the next steps to get a business license. To apply for initial approval in dubai please remember the following points:
- You have to pay for your Initial Approval within seven days.
- You must have an initial approval certificate; as well as an initial Approval Form to obtain a license.
- The initial approval contains records of partners; legal type as well as an activities of the business.
- Initial Approval is valid for six months and is not renewable.
MOA and LSA for mainland company formation in Dubai
Depend on the legal form of mainland company formation in dubai; all the partners may need to draft and sign an MOA. In some cases, need to sign a LSA with a local sponsor; who will represent your company with concerns to license.
Establish your business location Mainland company formation Dubai:
Mainland company formation Dubai must have a physical address. Before you finalize the physical address of your company. Let me tell you that the DM has to confirm the location. You can also select to place your business in an authorized business center; and then in this case you do not need to approve your location from DM.
If one of the partners in the company is a UAE national; that is, he has a license in a specific location; then you can place your new company to the same office; as long as the space is larger than 500 sq. ft. For establishing multiple business licenses to a single location; you will need to take an approval from existing partners to DED counters.
Finial submission of documents for Mainland Company setup dubai
If you have successfully completed the steps above; you need to submit all the documents to the DED for final submission. Depend on your activity, the processing time for your final submission is up to 7 days.