SET UP YOUR SERVICE COMPANY COMMENCING FROM 18,000 AED IN DUBAI MAINLAND

SET UP YOUR SERVICE COMPANY COMMENCING FROM 18,000 AED IN DUBAI MAINLAND

- TRADE NAME & INITIAL DED APPROVALS

- LICENSE FEE (1 YEAR)

- LOCAL SPONSOR

- OFFICE SPACE

- MEMORANDUM (DED)

Setting up your company in Mainland Dubai, require a local sponsor (UAE National), which we would assist you with one, who is required to own at least 51% of your mainland company.

However, you benefit from a business license that allows you to operate anywhere across Dubai. The Emirate offers a variety of low-cost as well as high-end locations that are suitable for all budgets and business activities.

STARTING A BUSINESS IN DUBAI MAINLAND

1. LOCAL SPONSOR:

You must decide on Local sponsors who would take a passive management role and receive a fixed fee as determined by both partners. These partners can assist with any future issues with government authorities. It is best to maintain a healthy and positive relationship with him or her for a stress free business in Dubai. We would assist you with a reliable sponsor.

2. The next thing after getting a sponsor, is to DETERMINE YOUR BUSINESS TYPE, FORM AND ACTIVITIES

Before approaching the business license-issuing authority, the Department of Economic Development (DED) of Dubai, you must have decided whether your company will be a commercial (Trading, General Trading, Grocery or a supermarket), or whether it would be a professional service license(Cleaning Services, Technical Services, Restaurants, IT Services, Parking Car wash or events management or a Human Resource Consultancy) or an industrial business.

You have the opportunity of picking one activity for your business set up.

The type of company to be formed in the Mainland is determined by the ownership structure (Shareholders or Sole ownership) as well as activity (businesses to be conducted).

You could decide to register a LIMITED LIABILTY COMPANY, which gives room for varying number of shareholders commencing from 2, or a JOINT LIABILITY COMPANY which allows you to conduct both commercial and industrial activities.

You could also decide to register a Private Joint Stock Company which allows only commercial and industrial activities or a Public Joint Stock Company allowed to conduct all types of activities.

Finally, you could also register a Civil Company allowed to conduct professional activities such as accountancy, engineering, law, and medicine.

3. Apply to the Department of Economic Development (DED) with a proposed company name, which must not

be similar to an existing name, must also not be a prohibited name i.e an offensive name to the public.

4. Receive initial approval: Foreign investors require the approval of the General Directorate of Residency and Foreigners’ Affairs for this approval (the initial approval is not to be mistaken for a full license). This is our duty, never worry.

5. Receive external approvals based on your business activity from various ministries, agencies and governing bodies. E.g transportation, legal consultancy, and trading specialized equipment requires approvals from various ministries and other governing bodies (where necessary).

6. Choose and rent a location for your business

Mainland firms require a physical presence (however, some entrepreneurs operate Home-based businesses and those outside of the UAE can operate an online office space or flexi office, i.e getting a rented virtual office in Dubai). The premises must comply with DED and Dubai Municipality requirements upon inspection by the Municipality officials. It is also required to provide a tenancy contract (Ejari) to proceed with your company registration.

7. Obtain location and inspection approval from the Municipality

8. Sign the Memorandum Of Association and lease agreement before a public notary.

9. Get document processing done to get a payment voucher issued

10. Obtain a trade license in certificate form.

11. Obtain immigration (Establishment card)

12. For hiring employees, we would advice as to how you book your visa quota, and how you could process the visa for your employees, we would also advise as to get approval from the Name Board and Ministry of Labour.

You also enjoy registering and obtaining up to 10 licenses for the same location if it aligns with the requirement of the municipality officials and you have the benefits of getting as much visa quotas for your employees.

For more inquiries and registration, kindly get in touch:

WhatsApp: https://wa.me/971565948

Email: trustedhands18@gmail.com

Calls +971568225948

Office 504, Al Zarooni Building, Near Al Rigga Metro, Dubai.

https://trustedstartups.blogspot.com

SET UP YOUR SERVICE COMPANY COMMENCING FROM 10,000 AED IN DUBAI MAINLAND

SET UP YOUR SERVICE COMPANY COMMENCING FROM 10,000 AED IN DUBAI MAINLAND

- TRADE NAME & INITIAL DED APPROVALS

- LICENSE FEE (1 YEAR)

- MEMORANDUM (DED)

Setting up your company in Mainland Dubai, require a local sponsor (UAE National), which we would assist you with one, who is required to own at least 51% of your mainland company.

However, you benefit from a business license that allows you to operate anywhere across Dubai. The Emirate offers a variety of low-cost as well as high-end locations that are suitable for all budgets and business activities.

STARTING A BUSINESS IN DUBAI MAINLAND

1. LOCAL SPONSOR:

You must decide on Local sponsors who would take a passive management role and receive a fixed fee as determined by both partners. These partners can assist with any future issues with government authorities. It is best to maintain a healthy and positive relationship with him or her for a stress free business in Dubai. We would assist you with a reliable sponsor.

2. The next thing after getting a sponsor, is to DETERMINE YOUR BUSINESS TYPE, FORM AND ACTIVITIES

Before approaching the business license-issuing authority, the Department of Economic Development (DED) of Dubai, you must have decided whether your company will be a commercial (Trading, General Trading, Grocery or a supermarket), or whether it would be a professional service license(Cleaning Services, Technical Services, Restaurants, IT Services, Parking Car wash or events management or a Human Resource Consultancy) or an industrial business.

You have the opportunity of picking one activity for your business set up.

The type of company to be formed in the Mainland is determined by the ownership structure (Shareholders or Sole ownership) as well as activity (businesses to be conducted).

You could decide to register a LIMITED LIABILTY COMPANY, which gives room for varying number of shareholders commencing from 2, or a JOINT LIABILITY COMPANY which allows you to conduct both commercial and industrial activities.

You could also decide to register a Private Joint Stock Company which allows only commercial and industrial activities or a Public Joint Stock Company allowed to conduct all types of activities.

Finally, you could also register a Civil Company allowed to conduct professional activities such as accountancy, engineering, law, and medicine.

3. Apply to the Department of Economic Development (DED) with a proposed company name, which must not

be similar to an existing name, must also not be a prohibited name i.e an offensive name to the public.

4. Receive initial approval: Foreign investors require the approval of the General Directorate of Residency and Foreigners’ Affairs for this approval (the initial approval is not to be mistaken for a full license). This is our duty, never worry.

5. Receive external approvals based on your business activity from various ministries, agencies and governing bodies. E.g transportation, legal consultancy, and trading specialized equipment requires approvals from various ministries and other governing bodies (where necessary).

6. Choose and rent a location for your business

Mainland firms require a physical presence (however, some entrepreneurs operate Home-based businesses and those outside of the UAE can operate an online office space or flexi office, i.e getting a rented virtual office in Dubai). The premises must comply with DED and Dubai Municipality requirements upon inspection by the Municipality officials. It is also required to provide a tenancy contract (Ejari) to proceed with your company registration.

7. Obtain location and inspection approval from the Municipality

8. Sign the Memorandum Of Association and lease agreement before a public notary.

9. Get document processing done to get a payment voucher issued

10. Obtain a trade license in certificate form.

11. Obtain immigration (Establishment card)

12. For hiring employees, we would advice as to how you book your visa quota, and how you could process the visa for your employees, we would also advise as to get approval from the Name Board and Ministry of Labour.

You also enjoy registering and obtaining up to 10 licenses for the same location if it aligns with the requirement of the municipality officials and you have the benefits of getting as much visa quotas for your employees.

For more inquiries and registration, kindly get in touch:

WhatsApp: https://wa.me/971565948

Email: trustedhands18@gmail.com

Calls +971568225948

Office 504, Al Zarooni Building, Near Al Rigga Metro, Dubai.

https://trustedstartups.blogspot.com

LIST OF FREE-TRADE ZONES AND ITS TAX RELIEFS IN THE UNITED ARAB EMIRATES

LIST OF FREE-TRADE ZONES AND ITS TAX RELIEFS 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

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&regulations 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.

For Further enquiries, kindly send us an enquiry, and our team of specialists would be available to respond adequately to your enquiry.

Email: angoldbiz@gmail.com

WhatsApp & Calls: +971568225948

Procedures and benefits of starting a business in the Free Zones in the United Arab Emirates

Procedures and benefits of starting a business in the Free Zones in the United Arab Emirates

Setting up your company in Mainland Dubai, require a local sponsor (UAE National), who is required to own at least 51% of your mainland company. However, you benefit from a business license that allows you to operate anywhere across Dubai. The Emirate offers a variety of low-cost as well as high-end locations that are suitable for all budgets and business activities.

If you wish to have a 100 percent ownwership of your investment, and do not want to share the ownership with anyone, it is advisable to establish your company in any of the free zones.

It also gives you the opportunity to repatriate all your profits and capital back to your country when you feel like returning

Enjoy 100% tax reliefs (both Corporate & Personal),

No foreign ownership restrictions&business established are governed by IFZA, which is responsible for issuing operating licences&regulating the activities of companies within the Free Zone,

100% foreign ownership,

100% repatriation of capital&profits,

No currency restrictions,

Abundant variety of licensable activities,

Sufficient&less expensive energy,

Efficient communications,

Serviced desks&offices for SMEs and start-ups enjoy an amazing support services and

Enables its shareholders, directors and employees to obtain residency visas in the UAE.

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 your goods and services 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.

We would guide you from beginning till you receive your license.

For Further enquiries, kindly send us an enquiry, and our team of specialists would be available to respond adequately to your enquiry.

Email: angoldbiz@gmail.com

WhatsApp & Calls: +971568225948

For more enquiries: