Setup Business in UAE Blog

How much percent of ownership should one have along with their sponsors?

With a local sponsor 51% of the company will be owned by a UAE national and the other 49% will be of the sponsor.

Posted 21 October, 2018

Is it required to work with supporters to get the visa?

if your business startup is an adjacent association then you absolutely need to work with your help to get your visas, at any rate the principal go through.

Posted 21 October, 2018

Sharjah Airport Intl Free Zone

Sharjah Airport International Free Zone provides some of the most enticing business incentives in the region, including speed of service and simplicity of process. 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 and every scenario.

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.

Business advantages in SAIF-ZONE:

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 operatio.

Business facilities in SAIF-ZONE:

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

Licenses available in SAIF-ZONE:

  1. Trade License.
  2. Commercial License: 
    Import, Export, Distribution, consolidation, storage or warehousing of items specific in the license, Maximum limit is three similar product lines.
  3. General Trading: 
    General Trading license can be obtained under a commercial license which allows a large number of products.
  4. 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.
  5. Industrial License: 
    Import of raw materials, manufacturing, processing, assembling, packaging and exporting the finished product.

Posted 9 April, 2018

Jebel Ali Free Zone (JAFZ)

JAFZA commenced operations in 1985 and today stands out as a leading business hub of the Middle East. JAFZA’s focus is on long term customer relationships, fostering alliances with global investors by providing them world class infrastructure supported with quality driven value-added services and incentives, enabling them to capitalize on huge business opportunities in the region. JAFZA boasts of being the first free zone in the world to win ISO certification in 1996. JAFZA is one of the fastest growing Free Zones in the MEASA region, which gives direct access to a market of over 2 billion people.

JAFZA’s vision:

JAFZA is determined to remain a powerful symbol that helps drive the development of Dubai, providing exciting and unlimited possibilities for industrial development, being the largest free zone in the MENA region.

The new developments at the Jebel Ali Free Zone and the surrounding region are designed to make JAFZA one of the most efficient sea-air hubs, completed with a 6-lane highway that will help keep goods custom-bound (helping to minimize processing time) as they are transported from port to cargo aircraft in just 20 minutes. Jebel Ali Free Zone is the world’s only free zone located between one of the world’s largest airports and a sea port. The Jebel Ali Free Zone has Jebel Ali Port, world’s 7th largest container port on one side and the Al Maktoum International Airport, one of the world’s largest cargo airports on the other side.

JAFZA has been one of the main drivers of Dubai and the UAE’s phenomenal economic growth over the years. JAFZA has successfully been attracting “crème de la crème” in all business sectors from all over the world by sheer force of its unique value-added offerings and propositions.

JAFZA business facilities and benefits:

1. A place to operate:

  • Free zone business license.
  • Seamless visa processing.
  • Total spectrum of business premises, including: offices, warehouses, retail units, staff accommodation.

2.A place to trade:

  • Thousands of traders located under one roof.
  • New modern environment perfect for the safe storage of goods within close proximity to your retail outlet.

3.A place to sell:

  • Conveniently located adjacent to the Jebel Ali Free Zone, with no need for gate entry.
  • All the advantages of a free zone license with the added benefit of selling to the UAE public.

Formation types:

The number of shareholders determine the formation type for the companies being established in Jebel Ali Free Zone.

1. Multiple shareholders

Two to 50 shareholders can set up a Free Zone Company (FZCo) in Jebel Ali Free Zone. These shareholders can be individuals (two to 50 people), non-individuals (two to 50 companies) or a combination of both. An FZCo is essentially a Limited Liability Partnership within the Free Zone, with the liabilities of the company limited to the paid-up capital.

Two to 50 shareholders can also set up a Public Listed Company (PLC) within the Free Zone. These shareholders can be individuals (two to 50 people), non-individuals (2 to 50 companies) or a combination of both. A PLC is essentially a Limited Liability Partnership within the Free Zone, with the liabilities of the company limited to the paid-up capital.

Whether an individual or a company, a single shareholder can register a Free Zone Establishment (FZE) in JAFZA. An FZE is essentially a Limited Liability Company within the Free Zone. An FZCo is essentially a Limited Liability Partnership within the Free Zone, with the liabilities of the company limited to the paid-up capital. A FZCo has a legal personality distinct from that of its shareholder and it has the capacity, rights and privileges of a natural person.

3. Any existing established entity

Branch within the Free Zone can be registered by any entity already established outside Jebel Ali Free Zone. A branch is considered a legal entity of its parent company; is 100% owned by the parent company, operates under the same name and conducts the same business.

License Types:

Trading License: to carry out trading activities.

Industrial License: to carry out manufacturing activities.

Service License: to carry out services activities.

E-Commerce License: to carry out buying and selling of goods and services over electronic networks via any electronic means.

National Industrial License: to carry out manufacturing activities where at least 51% of the ownership is of national(s) of a AGCC country.

Innovation License: to carry out development of new products and services.

Offshore Registration: to establish an offshore company with limited liability.

Posted 9 April, 2018

What are the genuine business focal points of the UAE, including coordination’s, fabricating and so forth?

When opening another operational business in the UAE, you can enormously limit the expenses of creation as well as operational control of the business. Since there is no corporate duty on most kinds of exercises and no wage charge, totally little reasoning identified with the installment of wages, the UAE is an extremely compelling spot to work together. Alongside huge expense points of interest, the UAE has a broad strategic foundation and shoddy vitality. It additionally has a lucky topographical position in the district and can be positively contrasted and dynamic and well-disposed legitimate system for working together.

Posted 21 October, 2018

Dubai Design District (D3)

Launched in 2013 by the UAE’s Prime Minister and Ruler of Dubai, Sheikh Mohamed bin Rashid al Maktoum, to encourage growth and investment in markets like digital media, arts, design, and fashion Dubai Design District (D3) is the latest of Free Zone business parks by TECOM Investments.

Valued at $ 27.6 bn., UAE has the largest market for design, outlining not just a business district, but an authentic innovative community with a soul. D3’s vision is fully aligned with Dubai Strategy 2021 to create a “Cohesive Inclusive Community of Creatives’”. Designed by Foster and Partners, the phase 2 of D3 is due for completion in 2019 and it is specifically designed to forge an active community customized to fit contemporary business needs – from established names and global brands, to startups – D3 brings together the whole creative league under one roof and one principle: with creative energy, passion meets purpose. D3 is set to become the “playground” for more than 180,000 creative individuals and home for one-of-a-kind retail, dining and entertainment unique concepts, providing its visitors with a distinctive experience.

Company Formation in Dubai Design District:

1. Free zone:

  • Free Zone Limited Liability Company (FZ LLC).
  • Branch of a UAE company.
  • Branch of a foreign company.
  • Freelance permit.
  • Commercial and freelance.

2. On-shore:companies operating with an on-shore (DED) license are 51% locally owned and allowed to operate in the mainland and inside the zone.

Business benefits of Dubai Design District:

  • Special licensing for design and fashion with freelance permits for artists and designers.
  • 0% personal income tax.
  • 0% corporate tax for the first 50 years.
  • No currency restrictions.
  • Strategic location: in proximity to Business Bay, Dubai Mall, and Burj Khalifa.
  • No limit on capital repatriation.

Posted 9 April, 2018

Geniuses of setting up business in UAE?

Posted 21 October, 2018

How to propel someone to get tied up with your business considerations in UAE?

The key isn't to consume for the duration of the day standard endeavoring to inspire someone to get tied up with your idea. Or on the other hand possibly, douse yourself in the business culture, check out those starting at now in the beguilement, and consider what worth you can pass on to them rather than exactly what they may have the ability to enhance the circumstance you.

Posted 21 October, 2018