Setup Business in UAE Blog

Can individuals from my family work?

Yes. When they have home visas, they may apply for work.

Posted 21 October, 2018

What is the time period for organization arrangement and ledger opening?

The span for setting up an organization changes from zone to zone and furthermore relies upon whether you are opening a FZE, FZC or seaward organization. By and large, seaward organizations take a shorter period to frame than FZCs and FZEs. Given that the World Bank's Doing Business site gives the UAE a modest rank of 53 with regards to beginning a business, the development of your business may take half a month. In any case, utilizing operators or organizations that spend significant time in UAE organization development can decrease help to get your business up and running in merely days. These operators know how to legitimately function around the bureaucratic enlistment forms that restrain expedient organization development. For whatever length of time that your business is legitimately enrolled in any of the free zones, you shouldn't discover any inconvenience opening a business or corporate record. Your own essence will, notwithstanding, be required by your favored bank. Albeit opening a record can take up to about fourteen days or more, you just need to visit the bank for multi day.

Posted 21 October, 2018

What is the main requirement for any business application?

The main requirement for any application for business loans is the provision of at least 3 years of audited balances with positive figures and growth indicators.

Posted 21 October, 2018

Do you require a neighborhood accomplice to set up business in the UAE?

The short answer is actually no, not really. In any case, on the off chance that you don't meet the prerequisites for an expert administrations permit, and wish to exchange specifically with the nearby UAE advertise, it could well be your best alternative.

Posted 21 October, 2018

Dubai Healthcare City

Dubai Healthcare City is an urban healthcare landmark facilitating individuals and corporations to advance their healthcare services, engage with the community and enjoy the energy of the central healthcare districts.

Dubai Healthcare City (DHCC) is a free zone committed to creating a health and wellness destination. Launched in 2002 by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the free zone has worked towards its vision to become an internationally recognized location of choice for quality healthcare and an integrated center of excellence for clinical and wellness services, medical education and research.

The free zone is governed by the Dubai Healthcare City Authority (DHCA) and regulated by the independent regulatory arm, Dubai Healthcare City Authority – Regulation (DHCR), whose quality standards are accredited by the International Society for Quality in Healthcare (ISQua).

DHCC has close to 160 clinical partners including hospitals, outpatient medical centers and diagnostic laboratories across 150 plus specialties with licensed professionals from almost 90 countries, strengthening its medical tourism portfolio. Representing its network of support partners, close to 200 retail and non-clinical facilities serve the free zone. DHCC is also home to academic institution the Mohammed Bin Rashid University of Medicine and Health Sciences, part of the Mohammed Bin Rashid Academic Medical Center.

Advantages of establishing a business in DHCC:

  • 100% foreign ownership.
  • Full repatriation of profits and capital.
  • Guaranteed 50-year exemption from personal, income and corporate taxes.
  • Exemption from customs duty for goods and services.
  • 100% tax free.
  • No restrictions on capital, trade barriers or quotas.
  • Competitive pricing.

Commercial benefits:

  • Low operating costs.
  • State-of-the-art facilities.
  • Flexible real estate design to suit business requirement/industry.
  • Integrated healthcare community providing specialized high-quality healthcare.
  • Access to network of regional and international healthcare professionals.
  • Attractive investment opportunities and financial returns.
  • Increased brand exposure.

The minimum paid-up capital requirement to incorporate a Free-zone Limited Liability company (FZ-LLC):

  • Non-clinical facilities/companies are required to have minimum paid-up capital of AED 50,000.
  • Clinical facilities are required to have minimum paid-up capital of AED 100,000.
  • Hospitals are required to have minimum paid-up capital of AED 300,000.
  • For hotels, please refer to the below:
    • 3-star hotels are required to have minimum paid-up capital of AED 1 Million.
    • 4-star hotels are required to have minimum paid-up capital of AED 2 Million.
    • 5-star hotels are required to have minimum paid-up capital of AED 3 Million.

* For branches, minimum paid-up capital does not apply.

Commercial space options available inside DHCC:

  • Leasing solutions.
  • Clinical spaces.
  • Non-clinical (retail) spaces.
  • Business center:
    • Executive Desk: – perfect for companies that require minimum space.
    • Executive Office – full-fledged furnished office.

DHCC also offers:

  • Freehold.
  • Investment opportunities.

Types of licenses:

  • Free Zone Limited Liability Company.
  • Branch of a Foreign Company.
  • Branch of UAE Company/Establishment.

Posted 9 April, 2018

What is the most compelling reason to set up a company in UAE?

Perhaps the most compelling reason to set up a UAE mainland company is to be able to trade with other businesses on the mainland.

Posted 21 October, 2018

Dubai Airport Free Zone

DAFZA: The fastest growing Zone in the world
Ranked 1st globally by fDi magazine

Dubai Airport Freezone (DAFZA) is ranked 1st globally by the Foreign Direct Investment Magazine’s Global Free Zones & Awards 2012/13, . DAFZA won this rating as a result of its outstanding strategic approach and well-articulated plans to service its investors and partners.

DAFZA is one of the most prestigious and advanced free zones in Dubai, providing an ideal base to do business in the Middle East by providing a business-friendly environment, world class infrastructure, tax exemptions, full repatriation of earning, total ownership and exceptional facilities. Strategically located next to the Dubai International Airport, DAFZA is boasting rapid clearance and fast processing of paperwork to maximize business activity and efficiency.

Established in 1996, Dubai Airport Free Zone has become the gateway for a remarkable number of global investors seeking business opportunities in the Middle East region. Home to over 1600 international firms from various parts of the world, the DAFZA positions itself as one of the fastest growing economic zones in the region.

Formation TYpes:

1. FZCO Setup

The FZCO company type is similar to a limited liability company that can operate within the Free Zone. Shareholders may be individuals, corporate entities or a combination of the two.

FZCO Features:

  • Can be from 1-50 shareholders (individual, corporate or both).
  • Minimum share capital: AED 1,000 (USD 272) per shareholder.
  • Value of each share: AED 1000 (USD 272).

2. Branch Setup

Existing companies can establish a Branch of their parent company in DAFZA. No share capital is required.

Branch Features:

  • 100% owned by parent company.
  • Same business name as parent company.
  • Same business activities as parent company.

DAFZA offers following licensing options:

1. Trade License

A trade license allows the holder to carry out trading activities including import, export, re-export, distribution, and storage of specific products.

2. Service License

A service license is geared towards service-oriented businesses and enables an entity to provide services specified in the license. Note that obtaining a service license requires consultation with the sales executives to facilitate the selection of the right category.

3. Industrial License

An industrial license entitles the holder to carry out light manufacturing industrial activities, packaging and assembling.

4. General Trading License

A General Trading license allows the holder to trade in general activities including import, export, re-export, store, and distribute.

DAFZA business benefits:

  • DAFZA has a strategic location in the heart of Dubai next to the airport.
  • State-of-the-art infrastructure.
  • World-class facilities.
  • Single window convenience for administrative services.
  • Investor-oriented management.
  • 24/7 customs services and rapid cargo clearance.
  • A dedicated logistics center.
  • 24/7 security.

Tax incentives:

  • DAFZA offers 100 per cent corporate tax exemption.
  • 100 per cent personal income tax exemption.
  • 100 per cent import and export tax exemption.

Investment incentives:

  • DAFZA ensures 100 per cent foreign company ownership.
  • 100 per cent repatriation of capital and profits.
  • No currency restrictions.

Posted 9 April, 2018

Besides being supported by boss, by what other method would one be able to get a UAE residency visa?

You have three choices:

Posted 21 October, 2018