Elite Business Setup

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FREEZONE SERVICES

DUBAI FREEZONE COMPANY FORMATION

Due to the UAE Government and Free Zone Authorities’ business assistance measures, the UAE Free Zones have become the region’s key trading centre. With a low business registration fee, anyone may set up a Free Zone Company in the UAE in a hassle-free manner.

DAFZA is a free zone dedicated for development of trade business in Dubai. It facilitates growth of trading activities in the region by providing appropriate infrastructure. Over the years it has attracted many traders both locally and internationally and is ever growing since then.

Steps of business setup in DAFZA

 

A) Initial Approval:

  1. Submit Application form
  2. Submit Letter of intent (summary of the company)
  3. Submit Business Plan
  4. Submit Company brochure
  5. Following are the documents required
  6. Financial records(bank statement) of the shareholder(s)
  7. Passport copies and CV’s of Shareholder(s)
  8. Passport copy and CV of Manager
  9. Original Bank reference letter for Shareholder(s)
  10. NOC for Manager if he is a resident or under employment in UAE
  11. Any additional documents as required by the authorities

The authorities will review the above documents and if they are satisfied will issue the initial approval issued.

B) License approval:

  1. After receiving the initial approval the next step is to select an office space in DAFZA zone
  2. The authorities have appointed sales team to assist client for selection of desired office space
  3. Once the office space is decided, necessary fees have to paid within 2 weeks of Issue of Invoice to obtain lease agreement
  4. The next step after obtaining the lease agreement, the client has to submit the following legal documents:
  5. Registration form
  6. Proof of initial approval
  7. Passport copy and CV’s of shareholder(s) and manager
  8. Copy of POA if an legal representative is appointed
  9. Board resolution to open a company / branch
  10. In case of opening of a branch, Incorporation certificate of the parent company
  11. If the shareholder(s) is corporate company then Incorporation certificate of the holding company
  12. Bank reference letters for shareholders
  13. Good standing certificate / letter of continuity for parent / holding company
  14. Board resolution for corporate person as a shareholder(s)
  15. RIC form for corporate person as a shareholder(s)
  16. Board resolution for Natural person as a shareholder(s)
  17. RIC form for Natural person as a shareholder(s)
  18. Board resolution for corporate person and Natural person as shareholder(s)
  19. RIC form for corporate person and Natural person as shareholder(s)
  20. MOA/ AOA of the parent company / holding company
  21. RIC form for Manager wherever applicable
  22. Any other additional documents as required by the authorities

Note: All legal documents should be either submitted in original or copies notarize / attested by relevant government authorities wherever applicable.
The authorities will assess the above documents and once satisfied will issue the certificate of incorporation and the share certificate.

DSOA is established by Dubai government with a mission to enhance Industries based on modern technology hence nurturing the regions demand for business expansion. Its state of the art infrastructure provides a sophisticated industrial, educational, commercial, residential and public facility.

Business setup in DSOA

 

In DSOA a client can incorporate the following:

  1. Free Zone Company (FZCO)
  2. Free Zone Establishment (FZE)
  3. Branch

The license types available are:

  1. Trade License
  2. Service License
  3. Industrial License
  4. Entrepreneurial Business License
  5. Business Operation Permit

Process of company formation in DSOA

A) Initial Approval:

  1. Submit dully filled application form
  2. Letter of intent
  3. Business plan
  4. Passport copy of the shareholder(s)
  5. Passport copy of the Manager
  6. NOC for Manager (UAE residence only)
  7. Copy of MOA / AOA of the parent company (branch setup)
  8. Certificate of Incorporation / Formation wherever applicable
  9. Copy of Trade license (GCC company branch / subsidiary setup)

Once the above documents are assessed, letter of initial approval is issued to client along with the Invoice.

A) Registration Process:

  1. Proof of settlement of Invoice
  2. Proof of selection of desired property (office space / land)
  3. Passport copy of the Director and secretary (Natural / corporate person)
  4. Proof of bank remittance towards share capital amount
  5. MOA & AOA of the parent company if the company’s shareholder(s) is Corporate person
  6. Board Resolution for formation of a company / branch / subsidiary
  7. Board Resolution for shareholder(s) (Natural person / Corporate person / Natural & Corporate person)
  8. Board resolution on share capital amount
  9. Board resolution on composition / allocation / subscription of shares
  10. Board resolution appointment of Director(s), Secretary and Manager
  11. Board resolution on POA to Manager / Legal representative if appointed
  12. Specimen signature(s) of Director, Secretary and Manager
  13. All the documents should be submitted in original or be notarized / attested by relevant government authorities wherever applicable
  14. Any other additional document required by the authority to issue license

The will assess the legality of all the documents then issue the lease agreement and license to the client.

DMCC is established as solo commodities market place set to develop significant physical market and financial infrastructure to enhance commodities business in the region. It is recognized as a Leading free zone in UAE with over 12,000 registered companies in the region.

Business setup in DMCC

Following are the steps to incorporate a business in DMCC
Prior to application process the client should decide on the following

 
  • Choose name of the company
  • Type of the company (LLC/Subsidiary of local or foreign company/ Branch of a local or foreign company)
  • Decide on the desired activities of the proposed company (Industrial / trading / service)
  • Decide on customized license structure such as Single family office or e-commerce license structure(to act as an intermediate to promote and facilitate commercial transactions of a third party in return for a fixed remuneration or commission)

Once the client has decided on the above the following steps should be followed

  1. Online submission of the application form with all the details as mentioned above
  2. The application should contain a business plan
  3. Following is the list of documents required at this stage
    • Passport copies and CV’s of the partner(s) / Shareholder(s)
    • Passport copy and CV of Manager
    • Proof of residential address
    • NOC for Manager if he is a resident or under employment in UAE
    • NOC from relevant government authorities if required for the applied activity.
    • Any additional documents as required by the authorities

After reviewing the above documents the authorities will issue Initial approval, on receipt of which the client should proceed for selection of office space, pay the fees and obtain lease agreement.

After this step, registration process will take place for which following legal documents have to be submitted:

  1. Registration Form
  2. Letter of Understanding(LOU)
  3. Resolution for Natural / Corporate person as Shareholder(s)
  4. Resolution for Natural and Corporate as Shareholder(s)
  5. Resolution for subsidiary
  6. Resolution for branch
  7. Resolution for Joint venture
  8. MOA as template of DMCC
  9. Declaration form of Ultimate Beneficial Owner
  10. KYC of Shareholder(s), Manager and legal representative
  11. POA for legal representative if appointed
  12. Specimen signature form
  13. SFO letter of undertaking applicable only for SFO license
  14. Questionnaire for SFO activity
  15. Lease agreement copy
  16. Proof of share capital remittance in local bank
  17. Any other documents as required for license purpose

Note : The legal documents should be submitted either in original or copies should be notarized / attested by authorized government authorities wherever required.
All applications in DMCC are done online through their portal so client need to check the portal for status updates

The document are assessed by the authorities and license is issued online through their portal

DTEC is formed as an international hub for innovation and entrepreneurship. It is created by DSOA to offer a base for business startups for small and medium entrepreneurs (SMEs) involved in modern technology business. It offers flexi business solutions and is now home for more than 500 SME’s in the zone.

Business setup in DTEC

Following are the step for business startup in DTEC:

 
  1. Application Form as provided by the authority
  2. The form should consists of the following
    • Desired Name of the company
    • Desired activity (s) of the company
    • Proposed Director(s), Secretary and Manager of the company
    • Passport copy, CV’s and Qualification certificates (attested) of proposed Shareholder(s), Director(s), Secretary and Manager of the company
    • Business plan of the proposed company
    • NOC for manager from the UAE sponsor (applicable for residence status only)

The authorities will assess the above documents and provide the client access to their portal. The client has to register the company in this portal and obtain initial approval. Then the client has to choose a desired office space and pay the necessary fees upon generation Invoice and obtain lease agreement from the authorities.

Once all this process is completed the client has to prepare the following legal documents

  1. Resolution to establish a company / branch / subsidiary.
  2. Resolution for appointment of Shareholder(s), Director(s), Secretary and Manager of the company.
  3. Resolution for composition, allocation and distribution of share capital
  4. MOA & AOA of parent company if the shareholder(s) is / are Corporate person
  5. Resolution on POA to Manager / legal representative if appointed
  6. Specimen signature(s) of Director(s), Secretary and Manager
  7. The documents should be in original , attested or notarized wherever applicable
  8. Apart from above additional documents may be required by the authorities depending on the activities requested in the Business plan.

The authorities will assess the above documents and call up for a meeting with all the Shareholder(s), Director(s), Secretary, Manager and Legal representative (if appointed) to sign the Board resolutions, Lease agreement and signatory list. Once this is done the license will be issued by the Authorities.

Note: DTEC provides office space through options of flexi desk and fully furnished offices depending on the requirement of various clients

The main objective to incorporate DIFC is to achieve a vision of Dubai government to establish a reputation of Dubai as one of the prominent financial hub of the global economy. To enable this it has a goal to build a state of the art of infrastructure in the zone which will promote economic and financial growth of the city, which in turn benefit entire UAE region leading to substantial fiscal dominance in the financial world.

Business set up Process in DIFC

The licensing authorities are DIFC and Dubai Financial Service Authority (DFSA) which manages and regulates Registrar of Companies (ROC) under which the companies are incorporated and registered.

Following are the list of business entities allowed to operate in DIFC

 
  1. Limited Liability Company (LLC) – These are non-regulated companies basically involved in non-financial sectors such as restaurants, consultants, educational institutes etc. Minimum of 1 member is required to incorporate such type of companies.
  2. Company Limited by Shares (LTD) – These companies can raise share capital through public offering and also issue securities. Minimum 1 shareholder is required.
  3. Limited Liability Partnership (LLP) – This form of company is incorporated by 2 or more shareholders and their liability is limited to the extent of individual share held in the company by each member.
  4. Limited Partnership (LP) – In this type of partnership there are General partner(s) with unlimited liability and Limited partner(s) with limited liability based on their individual contribution within the company.
  5. General Partnership (GP) – In this type of company all participating partner(s) liability is unlimited.
  6. Recognized Companies (RC) – These are the branch of existing foreign company who are already registered in DIFC. RC are not recognized as having individual legal entity but considered as an extension of the said Foreign Company in DIFC.
  7. Special Purpose Companies – These types of companies are incorporated under regulated license by DIFC Authority.

All these can be registered by DFSA ROC under regulated entity or non-regulated entity depending upon the nature of business activity applied. Basically Financial firms like banks, financial institutions, auditing companies and law firms are termed as regulated entity. Non-regulated entities are those are not involved in financial business and provide goods and services for smooth functioning of regulated firms. Firms engaged in consultancies, courier services, printing services, typing services etc. are considered as non-regulated entities.

Steps required setting up a business

A) Regulated Business / Entity formation Process

  1. During the initial stages of registration the client has to file in a letter of intent with DIFC based on which introductory meeting will be held between the client and DIFC and DFSA authorities.
  2. DFSA will go through this letter once they are satisfied, the client can then submit a full application form to the authorities.
  3. A regulatory business plan, with details of proposed partner(s), shareholder(s), manager and legal representative(s) should be submitted to the authorities.
  4. Based on this the proposed business entity will be registered with ROC DIFC
  5. This will state that the entity has acquired an initial approval (In-Principal approval) for its proposed business activities.
  6. After receiving the initial approval, the client has to open a local bank account and deposit the share capital amount
  7. The client should also obtain a space in DIFC and pay the necessary lease amount
  8. Once this is completed the client should submit the proof of registration, bank remittance copy and lease payment receipt to the authority
  9. Once all these steps are completed and the authority will issue a license with regulations and conditions based on the business activity applied by the client.

B) Non-Regulated Business / Entity formation Process

  1. Steps are the same as mentioned for Regulated business formation, the only difference is that these proposed entities should not be involved in any financial/legal/auditing activities
  2. DFSA is not involved in the incorporation of these entities but only DIFC and ROC are involved

List of Documents required for incorporating an entity in DIFC

  1. Proof of Trade Name reservation
  2. Passport copies and CV’s of proposed shareholder(s) / partners
  3. Passport copy and CV of the proposed Manager
  4. Copy of POA if a legal representative is appointed
  5. Parent / Holding company Incorporation Certificate / DED License wherever applicable
  6. Certificate of continuity or existence of Good standing for the Parent / Holding company
  7. Parent / Holding company MOA & AOA wherever applicable
  8. Bank reference letter for Shareholder(s) / partner(s) of parent company / Holding company wherever applicable
  9. Resolution for the Incorporation of company
  10. Resolution for the Incorporation of Branch wherever applicable
  11. NOC for Manager from his current UAE sponsor if applicable
  12. RIC form for Director(s), Manager & Shareholder(s) of Holding company wherever applicable
  13. RIC form for Manager for establishment of branch
  14. Board Resolution for corporate shareholder(s) of the company, applicable if the current company is formed by corporate person as a shareholder
  15. RIC form if Corporate person is a shareholder
  16. Board Resolution for Natural person as a Shareholder
  17. RIC form- Natural person as shareholder
  18. Board Resolution / RIC form if both Natural and Corporate person are shareholder(s) of the company.

Notes:

  • RIC stands for Registry identification code
  • The above documents should be either submitted in original/notarized/attested as required by the authorities
  • Apart from above some additional documents might be requested by the authorities to issue license
  • All authorization requirements are mentioned in DFSA’s “General Module” and “Conduct of Business Module”

Dubai Studio City (DSC) is established to facilitate global production houses related movies, television, music, broadcasting and other entertainment business. It’s an in house solution to encourage global creative needs entrepreneurs engaged in this field as it is equipped production facilities such as the region’s largest sound stages, backdrops (sets), recording studios etc. It is an exiting place to venture with your creative needs.

Business setup in DSC

 

FZ-LLC Corporate person as a Shareholder

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. Appointment of Shareholders
  4. Appointment of Manager
  5. Appointment of Director(s)
  6. Appointment of legal representative (optional)
  7. *Legal Documents
  8. Application of Registration
  9. Parent company Incorporation Certificate
  10. Certificate of continuity or existence of Good standing
  11. Parent company MOA & AOA
  12. Resolution for the Incorporation of company
  13. NOC for Manager form his current UAE sponsor if applicable
  14. RIC form for Director(s), Manager & Shareholder(s)
  15. TT copy or Deposit receipt as proof of share capital in Trust account
  16. Suitable commercial space
  17. Board Resolution for corporate shareholder(s) of the company
  18. Registry Identification code form- Corporate person shareholder

FZ-LLC Natural & Corporate person as a Shareholder

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. Appointment of Shareholders
  4. Appointment of Manager
  5. Appointment of Director(s)
  6. Appointment of legal representative (optional)
  7. *Legal Documents
  8. Application of Registration
  9. Parent company Incorporation Certificate
  10. Certificate of continuity or existence of Good standing
  11. Parent company MOA & AOA
  12. *CV of shareholder(s) / Freelancer*
  13. *Bank reference letter for Shareholder(s) / Freelancer*
  14. Resolution for the Incorporation of company
  15. NOC for Manager form his current UAE sponsor if applicable
  16. RIC form for Director(s), Manager & Shareholder(s)
  17. TT copy or Deposit receipt as proof of share capital in Trust account
  18. Suitable commercial space
  19. Board Resolution for corporate shareholder(s) of the company
  20. Board Resolution for Natural Shareholder
  21. Registry Identification code form- Natural person shareholder

FZ-LLC Natural person as a Shareholder

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. Appointment of Shareholders
  4. Appointment of Manager
  5. Appointment of Director(s)
  6. Appointment of legal representative (optional)
  7. *Legal Documents
  8. Application of Registration
  9. *CV of shareholder(s) / Freelancer*
  10. *Bank reference letter for Shareholder(s) / Freelancer*
  11. Resolution for the Incorporation of company
  12. NOC for Manager form his current UAE sponsor if applicable
  13. RIC form for Director(s), Manager & Shareholder(s)
  14. TT copy or Deposit receipt as proof of share capital in Trust account
  15. Suitable commercial space
  16. Board Resolution for Natural Shareholder
  17. Registry Identification code form- Natural person shareholder

Branch of a Foreign Company

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. Appointment of Manager
  4. Appointment of legal representative (optional)
  5. *Legal Documents
  6. Application of Registration
  7. Parent company Incorporation Certificate
  8. Certificate of continuity or existence of Good standing
  9. Parent company MOA & AOA
  10. Resolution for the Incorporation of Branch
  11. NOC for Manager form his current UAE sponsor if applicable
  12. RIC form for Manager / Freelancer*
  13. Suitable commercial space
  14. Registry Identification code form- Corporate person shareholder
  15. Board Resolution to establish a branch
  16. Registry Identification code form- Natural person shareholder

Branch of a UAE company or UAE Establishment

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. Appointment of Manager
  4. Appointment of legal representative (optional)
  5. *Legal Documents
  6. Application of Registration
  7. Parent company Incorporation Certificate
  8. Parent company MOA & AOA
  9. Resolution for the Incorporation of Branch
  10. NOC for Manager form his current UAE sponsor if applicable
  11. RIC form for Manager / Freelancer*
  12. Suitable commercial space
  13. Registry Identification code form- Corporate person shareholder
  14. Board Resolution to establish a branch
  15. Registry Identification code form- Natural person shareholder

Freelance Permit

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. *Legal Documents
  4. Application of Registration
  5. *CV of shareholder(s) / Freelancer*
  6. *Bank reference letter for Shareholder(s) / Freelancer*
  7. RIC form for Manager / Freelancer*
  8. Suitable commercial space
  9. Registry Identification code form- Natural person shareholder
  10. Personal Reference Letters(minimum 3)*
  11. Portfolio / sample work*

Notes:

  • The licensing authority for DOC is DCCA (Dubai Creative Cluster Authority)
  • The legal entity allowed to operate in DOC is FZ-LLC (Free Zone Limited Liability Company)
  • Legal documents such as Registration application, NOC for Manager and Proof of Share capital should be submitted in original
  • Copy of proposed shareholder(s) CV’s can be submitted (applicable for freelancers also)
  • All other legal documents should be notarized/attested as required by the authority before submission
  • All the required documents of more than one page should be sealed
  • The authority holds the right to ask for additional documents if required
  • The documents should be in English and / or in Arabic, if the documents are in other languages then they have to be submitted along with certified translation in the above languages

Dubai Science Park is dedicated development of scientific entrepreneurship by encouraging SME’s and multinational businesses in the region. It has sophisticated infrastructure to enhance science through research, innovation and creative passion.

Business setup in DSP

 

FZ-LLC Corporate person as a Shareholder

Requirements as follows:

  1. License application Form
  2. Registration application Form
  3. Business Plan
  4. Appointment of Shareholders
  5. Appointment of Manager
  6. Appointment of Director(s)
  7. Appointment of legal representative (optional)
  8. *Legal Documents
  9. Application of Registration
  10. Parent company Incorporation Certificate / DED license*
  11. Certificate of continuity or existence of Good standing
  12. Parent company MOA & AOA
  13. Resolution for the Incorporation of company
  14. NOC for Manager form his current UAE sponsor if applicable
  15. RIC form for Director(s), Manager & Shareholder(s)
  16. TT copy or Deposit receipt as proof of share capital in Trust account
  17. Board Resolution for corporate shareholder(s) of the company
  18. Registry Identification code form- Corporate person shareholder
  19. Registry Identification code form- Natural person shareholder

FZ-LLC Natural & Corporate person as a Shareholder

Requirements as follows:

  1. License application Form
  2. Registration application Form
  3. Business Plan
  4. Appointment of Shareholders
  5. Appointment of Manager
  6. Appointment of Director(s)
  7. Appointment of legal representative (optional)
  8. *Legal Documents
  9. Application of Registration
  10. Parent company Incorporation Certificate / DED license*
  11. *CV of shareholder(s)
  12. *Bank reference letter for Shareholder(s)
  13. Resolution for the Incorporation of company
  14. NOC for Manager form his current UAE sponsor if applicable
  15. RIC form for Director(s), Manager & Shareholder(s)
  16. TT copy or Deposit receipt as proof of share capital in Trust account
  17. Board Resolution for corporate shareholder(s) of the company
  18. Registry Identification code form- Corporate person shareholder
  19. Board Resolution for Natural Shareholder
  20. Registry Identification code form- Natural person shareholder

FZ-LLC Natural person as a Shareholder

Requirements as follows:

  1. License application Form
  2. Registration application Form
  3. Business Plan
  4. Appointment of Shareholders
  5. Appointment of Manager
  6. Appointment of Director(s)
  7. Appointment of legal representative (optional)
  8. *Legal Documents
  9. Application of Registration
  10. *CV of shareholder(s)
  11. *Bank reference letter for Shareholder(s)
  12. Resolution for the Incorporation of company
  13. NOC for Manager form his current UAE sponsor if applicable
  14. RIC form for Director(s), Manager & Shareholder(s)
  15. TT copy or Deposit receipt as proof of share capital in Trust account
  16. Board Resolution for Natural Shareholder
  17. Registry Identification code form- Natural person shareholder

Branch of a Foreign Company

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. Appointment of Manager
  4. Appointment of legal representative (optional)
  5. *Legal Documents
  6. Application of Registration
  7. Parent company Incorporation Certificate
  8. Certificate of continuity or existence of Good standing
  9. Parent company MOA & AOA
  10. Resolution for the Incorporation of Branch
  11. NOC for Manager form his current UAE sponsor if applicable
  12. RIC form for Manager / Freelancer*
  13. Suitable commercial space
  14. Registry Identification code form- Corporate person shareholder
  15. Board Resolution to establish a branch
  16. Registry Identification code form- Natural person shareholder

Branch of a UAE company or UAE Establishment

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. Appointment of Manager
  4. Appointment of legal representative (optional)
  5. *Legal Documents
  6. Application of Registration
  7. Parent company Incorporation Certificate
  8. Parent company MOA & AOA
  9. Resolution for the Incorporation of Branch
  10. NOC for Manager form his current UAE sponsor if applicable
  11. RIC form for Manager / Freelancer*
  12. Suitable commercial space
  13. Registry Identification code form- Corporate person shareholder
  14. Board Resolution to establish a branch
  15. Registry Identification code form- Natural person shareholder

Dubai Media City (DMC) is a hub of over 2000 international and regional companies engaged in media, marketing, communication and advertising and is continuously growing over the years. It’s ideal location to for global entrepreneurs involved in media field to develop their business locally as well as globally.

Business setup in DMC

 

FZ-LLC Corporate person as a Shareholder

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. Appointment of Shareholders
  4. Appointment of Manager
  5. Appointment of Director(s)
  6. Appointment of legal representative (optional)
  7. *Legal Documents
  8. Application of Registration
  9. Parent company Incorporation Certificate
  10. Certificate of continuity or existence of Good standing
  11. Parent company MOA & AOA
  12. Resolution for the Incorporation of company
  13. NOC for Manager form his current UAE sponsor if applicable
  14. RIC form for Director(s), Manager & Shareholder(s)
  15. TT copy or Deposit receipt as proof of share capital in Trust account
  16. Suitable commercial space
  17. Board Resolution for corporate shareholder(s) of the company
  18. Registry Identification code form- Corporate person shareholder

FZ-LLC Natural & Corporate person as a Shareholder

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. Appointment of Shareholders
  4. Appointment of Manager
  5. Appointment of Director(s)
  6. Appointment of legal representative (optional)
  7. *Legal Documents
  8. Application of Registration
  9. Parent company Incorporation Certificate
  10. Certificate of continuity or existence of Good standing
  11. Parent company MOA & AOA
  12. *CV of shareholder(s) / Freelancer*
  13. *Bank reference letter for Shareholder(s) / Freelancer*
  14. Resolution for the Incorporation of company
  15. NOC for Manager form his current UAE sponsor if applicable
  16. RIC form for Director(s), Manager & Shareholder(s)
  17. TT copy or Deposit receipt as proof of share capital in Trust account
  18. Suitable commercial space
  19. Board Resolution for corporate shareholder(s) of the company
  20. Board Resolution for Natural Shareholder
  21. Registry Identification code form- Natural person shareholder

FZ-LLC Natural person as a Shareholder

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. Appointment of Shareholders
  4. Appointment of Manager
  5. Appointment of Director(s)
  6. Appointment of legal representative (optional)
  7. *Legal Documents
  8. Application of Registration
  9. *CV of shareholder(s) / Freelancer*
  10. *Bank reference letter for Shareholder(s) / Freelancer*
  11. Resolution for the Incorporation of company
  12. NOC for Manager form his current UAE sponsor if applicable
  13. RIC form for Director(s), Manager & Shareholder(s)
  14. TT copy or Deposit receipt as proof of share capital in Trust account
  15. Suitable commercial space
  16. Board Resolution for Natural Shareholder
  17. Registry Identification code form- Natural person shareholder

Branch of a Foreign Company

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. Appointment of Manager
  4. Appointment of legal representative (optional)
  5. *Legal Documents
  6. Application of Registration
  7. Parent company Incorporation Certificate
  8. Certificate of continuity or existence of Good standing
  9. Parent company MOA & AOA
  10. Resolution for the Incorporation of Branch
  11. NOC for Manager form his current UAE sponsor if applicable
  12. RIC form for Manager / Freelancer*
  13. Suitable commercial space
  14. Registry Identification code form- Corporate person shareholder
  15. Board Resolution to establish a branch
  16. Registry Identification code form- Natural person shareholder

Branch of a UAE company or UAE Establishment

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. Appointment of Manager
  4. Appointment of legal representative (optional)
  5. *Legal Documents
  6. Application of Registration
  7. Parent company Incorporation Certificate
  8. Parent company MOA & AOA
  9. Resolution for the Incorporation of Branch
  10. NOC for Manager form his current UAE sponsor if applicable
  11. RIC form for Manager / Freelancer*
  12. Suitable commercial space
  13. Registry Identification code form- Corporate person shareholder
  14. Board Resolution to establish a branch
  15. Registry Identification code form- Natural person shareholder

Freelance Permit

Requirements as follows:

  1. License application Form
  2. Business Plan
  3. *Legal Documents
  4. Application of Registration
  5. *CV of shareholder(s) / Freelancer*
  6. *Bank reference letter for Shareholder(s) / Freelancer*
  7. RIC form for Manager / Freelancer*
  8. Suitable commercial space
  9. Registry Identification code form- Natural person shareholder
  10. Personal Reference Letters(minimum 3)*
  11. Portfolio / sample work*

Notes:

  • The licensing authority for DOC is DCCA (Dubai Creative Cluster Authority)
  • The legal entity allowed to operate in DOC is FZ-LLC (Free Zone Limited Liability Company)
  • Legal documents such as Registration application, NOC for Manager and Proof of Share capital should be submitted in original
  • Copy of proposed shareholder(s) CV’s can be submitted (applicable for freelancers also)
  • All other legal documents should be notarized/attested as required by the authority before submission
  • All the required documents of more than one page should be sealed
  • The authority holds the right to ask for additional documents if required
  • The documents should be in English and / or in Arabic, if the documents are in other languages then they have to be submitted along with certified translation in the above languages

Sharjah Airport International Free Zone provides some of the most enticing business incentives in the region, including speed of service and simplicity of process. A center of attraction for business ventures in UAE and beyond, Sharjah Airport International Free Zone provides a broad range of opportunities to startups and business entities to set up a business in Dubai.

Versatility has always been one of SAIF-ZONE’s prime objectives. From a single office space to entire manufacturing facilities and everything in between, the options are designed to accommodate every business.

 
  • SAIF’s location perfectly suits trading, manufacturing and logistics companies who consider a business setup in UAE for a reasonable budget.
  • Just like any other country, in the UAE you need documentation and approvals from several government departments and ministries. We take pride in our proven track record of successful company formation in UAE.
  • SAIF-Zone’s customer base is among the largest in the world from one central hub, with access to more than 2 billion people within a four-hour flight and as one of the most dynamic Emirates in the UAE, Sharjah accounts for over a third of the country’s industrial activity.
  • Warehouses, storage areas, container parking, bunkers and labour housing are all available at the lowest costs and highest quality. SAIF-ZONE offers an unlimited workforce to support your business along with sponsorship and visas for in-house staff to make the transition to a new workplace as smooth as possible.
  • Thanks to these options, some of the world’s most prestigious companies operating in the Middle East have SAIF-ZONE’s as their base, with the added personal, corporate and competitive advantage of 100% foreign ownership, 100% repatriation of capital and profits and 100% free transfer of funds.

The benefits of operating from SAIF Zone are tremendous. It allows 100% foreign ownership exemption for personal and corporate income tax with 25-year contract remedies for final rent. Licenses are issued on the same day and the ‘one window operation.

We can show you a list of the best facilities in SAIF, assist you on the whole way of company formation and ensure professional support after the business license is obtained.

Business facilities in SAIF-ZONE

  • Offices;
  • Industrial Park;
  • Land on Lease;
  • Prebuilt Warehouse;
  • Temporary Warehouse;
  • SAIF Zone Labor Accommodation;

Licenses available in SAIF-ZONE:

  • Trade License;
  • Commercial License:
    • Import, Export, Distribution, consolidation, storage or warehousing of items specific in the license, Maximum limit is three similar product lines;
  • General Trading:
    • General Trading license can be obtained under a commercial license which allows a large number of products;
  • Service license:
    • Service license allows the holder to carry out service specified in the license only. All type of services are allowed unless otherwise restricted by the Federal or local authorities;
  • Industrial License:
    • Import of raw materials, manufacturing, processing, assembling, packaging and exporting the finished product.

License is issued instantly on the day of application. The required documents and information for the incorporation in Sharjah Airport Free Zone:

  • Passport
  • Passport size photo
  • Residential address, phone number and email of the owner

Our team of professional experts is committed to providing you the best solutions regarding company formation in Dubai.

We are always open for your enquiries, comments and suggestions that may help us serve you in a better way. Call us today to find out more about Free Zone company formation!

 
 

Sharjah Media City Free Zone (SHAMS) offers smart innovative services for aspiring startups and SMEs, as well as established companies or corporations. Launched as a world-class hub for modern services for those who wish to setup their business within specialized facilities in the media and creative industry, Shams is a dynamic initiative, a forward-thinking and holistic community with the aim of making creative entrepreneurship accessible to all.

As a comprehensive and integrated business location solution, Shams features commercial office complexes, flexible and personalized creative units, hospitality solutions, and community and residential plazas.

As a world-class free zone hub for innovation, Shams sets the benchmark for service and support to those wishing to set up and launch their business with specialized facilities for the creative and media industries in UAE. Shams will offer smart innovative services, coupled with a holistic community-centered approach, placing a great value on localized content and actively encouraging entrepreneurial talent from within a continuously thriving community.

Shams’ mission is to make creative entrepreneurship accessible to all aspiring startups, SMEs and established companies striving to grow their business both locally and globally. Shams is a dynamic initiative that makes a strong connection with the talented individuals it attracts.

Sharjah offers investors a couple of affordable and cost-effective packages for company formation.

Sharjah Media City is an affordable free zone for entrepreneurs. Your company registration in SHAMS can be done 100% remotely, whether you are in UAE or abroad. The registration process usually takes 7 days.

 

Type of business licenses in Shams

  • Service License:
    • Provides services, i.e. non-goods. Provides services as a primary objective while using goods, i.e. restaurants, media productions, etc. Production.
  • Trading License:
    • Selling goods within Shams or importing and exporting of goods: movement of goods, wholesale and retail sale of goods and the rendering of services related to the sale of these goods. Industrial License: Production, re-production, transformation and manufacturing of goods.

Business facilities in Shams

  • Company setup options starting from Dhs. 11,500;
  • Physical presence in the UAE not required to incorporate your new company;
  • No need of NOC to start your own company;
  • No paid-up Share capital or Annual Audit;
  • 100% foreign ownership;
  • 100% repatriation of capital and profits;
  • 100% free transfer of funds;
  • 0% import and export duties;
  • % Corporate tax for 50 years;
  • All documentation issued in 2 days;
  • Inexpensive workforce and easy recruitment procedures;
  • Vast activities covering Services, trading and Industrial licenses with multiple visas;

Company formation in Shams

1. Shams LLC

Advantages:

  • Independent operating entity
  • Entitled to obtain a license
  • Entitled to sponsor employee(s)
  • Entitled to open a business bank account

A Shams limited liability company (LLC) is an independent entity whereby the company structure separates the owners and shareholders from the company. Hence the liabilities of the company, whether arising in contract or otherwise, are the company’s liabilities and not the personal liabilities of the shareholders. Equally the company’s assets are the company’s assets and not the personal assets of the shareholders.

2. Shams branch

Advantages:

  • Independent operating entity
  • Entitled to obtain a license
  • Entitled to sponsor employee(s)
  • Entitled to open a business bank account

A Shams branch is an entity belonging to an existing parent company. All profits, benefits, gains and other returns of the branch shall be profits, benefits, gains and other returns of the parent company. Equally, all costs, expenses, debts and other liabilities of the branch are costs, expenses, debts and other liabilities of the parent company.

UAE Free Zones provides complete bank account opening services to its clients along with the assistance for your business setup in Dubai. Our professional team will study your requirements and help you achieve your goals.

Set up your company in Sharjah Media City Today!

The establishment of AFZ is to enable substantial Industrial development in the region. Over the years it has attracted many global entrepreneurs and thereby strengthens the financial and Industrial sector in the UAE.

 

Business Setup in Ajman Free zone.

Ajman Free Zone Authority (AFZA) is responsible for licensing activities in the zone. The Authority allows the following entities to operate in the Zone.

  1. FZCO- This stands for Free Zone Company wherein there are more than one shareholder(s)
  2. FZE – This stands for Free Zone Establishment wherein there is only one shareholder who can either be Natural Person or Corporate Person.
  3. BFC – This stands for Branch of a Foreign Company wherein foreign enterprises can establish a branch or representative office in the Zone.
  4. BLC – This stands for Branch of a Local Company wherein existing UAE entities can register their branches in the Zone.

Related to above the authorities allows the following types of licenses,

  1. Commercial / Business Licenses – These licenses are issued for Trade(limited activities) and General Trading
  2. Service Licenses – These licenses are issued to service industry basically to consultancies (marketing, management, IT etc.)
  3. Industrial License – These licenses are issued to Manufacturing units
  4. National Industrial License – These licenses are issued to Manufacturing units which are registered in GCC countries and their nationals own a minimum of 51 % share in the company.
  5. E-Commerce License – These licenses are issued to those organisations which are engaged in electronic trading activities and provide marketing and technical support to the region.
  6. Offshore Licenses – These licenses are issued to those enterprises which are already registered in the Zone but also required to operate their business outside the zone.

Steps to setup a company in AFZ

A) Free Zone Entity (FZE)

The following documents are required to establish FZE

  1. Application Form
  2. Proposed Names
  3. Passport copy of the Natural person as shareholder and if a Corporate person as shareholder, passport copies of the existing companies shareholder(s) / partner(s)
  4. NOC for the natural person as shareholder form local sponsor if having UAE residence status.
  5. Business plan of 2 pages especially applicable for professional and e-commerce license and for commercial and general trading it should contain the nature of business activities.

B) Free Zone Company (FZCO)

The following documents are required to establish FZCO

  1. Application Form
  2. Proposed Names for the company
  3. Passport copies of Shareholder(s) Director(s) and Manager
  4. NOC from Local sponsor if the above are UAE residence
  5. Business plan as stated above

C) Branch of Local Company (BLC)

The following documents are required to establish BLC

  1. Application Form
  2. Passport copies of the shareholder(s) of the parent company
  3. Business plan as stated above
  4. Passport copy of the proposed Manager
  5. NOC from the sponsor if the Manager is UAE residence
  6. Passport copy of the legal representative if appointed
  7. Attested POA issued to legal representative
  8. Original Trade license of the parent license
  9. Commercial Registration Certificate in original of the parent company
  10. Membership certificate in original issued from respective Chamber of Commerce.
  11. Letter of continuity from bank as a proof that the parent company is in operation for more than a year.

D) Branch of Foreign Company (BFC)

The following documents are required to establish BFC

  1. Application Form
  2. Business Plan as stated above.
  3. Passport copy of the appointed Manager(s)
  4. Passport copy of the legal representative if appointed
  5. Attested POA issued to Manager / Legal representative
  6. Contract of Association of the parent company
  7. Attested copy of Incorporation certificate of the parent company issued by a competent authority in the country of origin
  8. Attested copy of resolution issued by a competent authority to parent company to open a branch in the free zone.

The authorities will assess the said documents for their legality and issue license accordingly

Note: For certain activities NOC from relevant authorities will be required by the authorities in order to process the license.

Hamriyah FreeZone

Hamriyah Free Zone located at Sharjah is one of the most economical and highly responsive Free Zone in terms of setting up a License in Free Zone. HFZA port in Sharjah is one of the seven Emirates is located on the Arabian Gulf west and east coast and have a direct access to the Indian Ocean. With a well-developed infrastructure it is ready to serve all industry at different levels across the Gulf region and International Market.

Hamriyah Free Zone has always tried to be a very flexible and dynamic thrusting to be an Investor oriented Free Zone. One of the Unique feature is that to establish a business which is 100% owned by Investor, exempted from all commercial taxes and repatriation of capital and Profits.

PRO Desk being an authorised agent at Hamriyah Free Zone helps clients for setting up a company in Free Zone without Hassle and efficiently. With simple procedures and formalities PRO Desk liaise with HFZ and makes it possible to obtain a license within 24 to 48 hours from the time of submitting all the required documents.

 

1) Hamriyah Free Zone Trade License

The following are the basic steps for establishing a new company (FZE/FZC) in HFZA:-

Application Form

The Investor requires to fill the License application form by giving brief about the project he needs to start.

Initial Approval

The HFZ will give a “pre-approval” so that all the legal documents are prepared

Appointment of Manager

On receiving the approval the Investor needs to decide on appointing Manager in the license. He himself can be a Manager or can appoint a third party.

Payment Voucher

Once the Initial approval is received, the client signs the agreement and makes the payment as per the package selected

Certificate of Incorporation

Once the Payment is done the HFZ will issue a Certificate of Incorporation.

2) Branch of a Local / Foreign Company

The following are the basic steps for establishing Branch of Local / Foreign Company

Application Form

The Investor requires to fill the License application form by giving brief about the project he needs to start.

Initial Approval

The HFZ will give a “pre-approval” so that all the legal documents are prepared

Appointment of Manager

On receiving the approval the Investor needs to decide on appointing Manager in the license. He himself can be a Manager or can appoint a third party.

Payment Voucher

Once the Initial approval is received, the client signs the agreement and makes the payment as per the package selected

Certificate of Incorporation

Once the Payment is done the HFZ will issue a Certificate of Incorporation.

Things to remember about FZE / FZC

  1. An FZE and FZC are categorised under Limited Liability Company
  2. Apart from Individual person a Company can also incorporate FE / FZC in HFZA
  3. A single shareholder will be considered as FZE and a multiple shareholders with 2 to 5 person will be a FZC
  4. Shares can be transferred only after receiving the approval from HFZA
  5. The HFZA follows the January to December as the Financial calendar year, except for the first year when the license is in corporated.
Documents Required for Trade License:Passport copy of the Investor
Tourist Visa or Residence Visa (if any)
NOC if on residency visa
Manager Passport copy if it a third party
Visa page of Manager.
Documents Required for Branch of Local Company :Notarized copy of Trade License from Economic Department
Notarized copy of Memorandum of Association of the company
Notarized copy of Board Resolution to open a Branch in Hamriyah Free Zone and to appoint a Manager for managing the Free Zone
operations along with his passport copy and POA
Bank reference Letter.
Documents Required for Branch of Foreign Company :Notarized copy of Certificate of Incorporation
Notarised copy of Memorandum of Association of the company, Notarized copy of Board Resolution to open a Branch in Hamriyah Free Zone
and to appoint a Manager for managing the Free Zone operations along with his passport copy and POA
Bank reference Letter

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