1 / 22

UAE Free-Zone Company Formation Procedure

Company Formation is the Procedure of Officially Registering a Limited Company. <br>

jitendragroup
Download Presentation

UAE Free-Zone Company Formation Procedure

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Company Logo Logo UAE Free-Zone Company Formation Procedure Company Formation is the Procedure of Officially Regist ering a Limited Company.

  2. Company Logo Logo  Company Formation in UAE Two Types of Models: – Free-Zone Setup – Offshore Setup

  3. Company Logo zone Logo Information of Company Formation Free Information of Company Formation Free- -zone Dubai free zone company formation procedure varies from free zone to the free zone. If you are reading this article, the chances are that you are planning to set up a busin ess in Dubai and would like to know more about Dubai Free Zone company formation procedure. In this article, we will try to describe the general procedure for Dubai Free Zone company formation. Though we mention Dubai Free Zone for the ease of under standing, please note the following;  The term Dubai Free Zone is used to represent all the Free Zones in Dubai.  There is no individual entity called the Dubai Free Zone  Free Zones in UAE, in general, follow similar procedures for company formation, with some differences between the Free Zones.

  4. Company Logo Logo General Procedure of Free General Procedure of Free- -Zone Company Form ation ation As for when of any start-up business, we assume that you have done your preparatio ns well before proceeding with Dubai Free Zone company formation procedure. Esse ntial steps of your preparation for Dubai Free Zone company formation should include the following. Zone Company Form- -  Market Research.  Confirm your business requirements.  Identifying the best site that meets your business requirements. Dubai Free Zone Co mpany Formation Procedure  Evaluating the various Free Zones in UAE.  The business plan for your new venture etc.

  5. Company Logo Logo Each Free Trade Zone has its own rules, regulations, and procedure. Dubai Free Zone company formation procedure varies between Free Zones. In ge neral, the procedure to set up a Free Trade Zone company in UAE can be s ummarized in the following steps.

  6. Company Logo Logo Dubai Dubai Free Zone Company Formation Procedure Free Zone Company Formation Procedure 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Receive your business license and other certificates or documents. Determine the free zone license type. Confirm the activities. The legal structure of the company. Confirm the business facilities required. Verify the fees and other charges. Submit the application form and other documents. Secure the preliminary approvals. Payment of the fees. Sign the agreements and other legal documents. 

  7. Company Logo Logo Determine the Free Zone license type. Determine the Free Zone license type. The very first step in Dubai free zone company formation procedure is to decide the license type that allows your business activity. In ge neral, Free Zones offer the following types of business license; 1. 2. 3. 4. 5. Free Zone Trading License. Free Zone General Trading License. Free Zone Consultancy / Service License. Free Zone Industrial License. Free Zone Commercial License.

  8. Company Logo Logo Confirm the business activities. Confirm the business activities. Not all Free Zones allow all activities. Some Free Zones specializes in certain activities. So it is important that you confirm that your intended activities are permitted by the Free Zone of your choice. Moreover, there are restriction s over the number activities allowed.

  9. Company Logo Logo Determine Determine the legal structure of the company. the legal structure of the company. The legal structure of the company varies according to th e number and nature of the partners involved. Document ation required, costs, etc. also change depending on the legal structure of the company. Documents required for a corporate partner (or a branch entity) would be different f rom those required for an individual shareholder.

  10. Company Logo Logo Confirm Confirm the business facilities. the business facilities. Do not assume that all Free Zones offer all types of busi ness facilities. Though most of the Free Zones in UAE of fer office space, warehouse, etc. availability can be a limi ting factor. So you need to assess the availability of the e ssential facilities provided by the Free Zone before com mitting to set up the business with them.

  11. Company Logo Logo Verify Verify the fees and other charges. the fees and other charges. This is the most important step in FreeZone Company Formation in Dubai procedure. Many investors who wish to register their company in one of the Free Zones in UAE go for the cheapest option available based on the obvio us costs. They do not understand the hidden charges and extra fees to be p aid for the services that are essential for the survival of their businesses. Th e total cost of your Free Zone business can be categorized into two. The first-year cost for Dubai Free Zone company formation Yearly renewal costs  

  12. Company Logo Logo Some Free Zones offer packages that are cheaper than the normal company formation costs. Investors fall prey to these packages offer ed by certain Free Zones and business consultants without realizing that they have to pay the package charges every year. The normal y early renewal charges could be cheaper than the cost of the packag es. Moreover, most of these packages include only a business licen se and not office space. This may not be very useful if you are serio us about your business and investment. On the positive side, your ef forts to decide the real cost of free zone company formation is very li mited in the case of company formation packages.

  13. Company Logo Logo Submit Submit the application form and other documents to the the application form and other documents to the Free Zone. Free Zone. The application form and other legal documents are necessary to start the r eal application procedure. Depending on the nature of the business (branch /subsidiary, establishment /partnership, trading /industrial /services), the doc uments required may vary. In general, you would need the following docum ents.  Free Zone application form.  Passport copy.  Visa copy (if you have an existing UAE visa).  Business plan.  Bank statements (to prove the capital amount).  No objection certificate from the current sponsor (for UAE residents).

  14. Company Logo Logo Secure Secure the preliminary approvals. the preliminary approvals. Currently, some Free Zones in UAE may demand prior approvals from other regulator y departments to start the free zone company formation process. These approvals co uld be from. Immigration Department: Some Free Zones process this request for the clients; some require the client to process it by themselves where some Free Zones do not need thi s approval at all. Though it helps to make sure that your visa application would not fa ce any major issues after the company formation, it would delay the entire process by a few weeks. Environment Department: For certain activities, especially industrial activities, clearan ce certificate from the Environment Department is necessary. Ministries of Health: Some Free Zones demand a certificate from the Department of Health to carry out activities related to pharmaceuticals, food products etc.    

  15. Company Logo Logo Payment. Payment. Now you are ready to make the payments. With some Free Zones, y ou have the option of making the payments in installments, however, pay attention to the total cost in this case could be higher than the n ormal charges with a minimum of 10% and up to 50%.

  16. Company Logo Logo Sign Sign the agreements and other legal documents the agreements and other legal documents  After you make the payments, the concerned Free Zone authority would prepare the relevant legal documents an d you would be asked to sign them in the presence of an executive/official of the Free Zone.

  17. Company Logo Logo Receive Receive your Free Zone Business License and o your Free Zone Business License and o ther documents ther documents Here you are! It is time to receive your Free Zone Business License. Along with the business license, some Free Zones give associated d ocuments such as share certificates, certificate of incorporation, etc. Deciding on the best free trade zone in UAE for your business requir ements depends on many factors. So it is important that you spend quality time on evaluating the options available for your business req uirements. For certain business activities, it would be ideal to form a business outside the Free Trade Zone (mainland / local business). 

  18. Company Logo Logo Jitendra Consulting Group Jitendra Consulting Group  If you can start the business, then Jitendra Consulting Group is the o ne of the best company in Dubai Free Zone Company Formation. this company is 10 years old company and Our Expert team has vas t experience in Free Zone Company Formation in Dubai, we make y our process easy and hassle free.

  19. Company Logo Logo Follow US Follow US  Follow Our Blog for helpful tips, Services and all Information Provid e for Business Setup in Dubai, Trademark Registration in UAE, Acc ounting Services in UAE, Company Formation in Jebel Ali Free Zon e , Offshore Company Incorporation UAE , Company incorporation i n SAIF Zone etc.  Visit Our Blog: http://jitendragroup.blogspot.in/

  20. Company Logo Logo Visit Our Site Today Visit Our Site Today Visit Us: http://www.jitendragroup.ae/business-set-up-and-formati on-services-uae

  21. Call US Today Call US Today Contact US Contact US Company Logo Logo Head Office Dubai:Suite # 3006, 30t h Floor, Al Attar Tower (Near DIFC) Sheikh Zayed Road, P.O. Box 43630 Dubai, United Arab Emirates Tel: 971 4 3438022 971 4 8810790 971 6 5746324 Hamriyah Free Zone : :E-LOB Office No. E2-115F-40, Hamriyah Free Zone , P.O. Box 49124, Sharjah, United Arab Emirates Jebel Ali Office : :Office No. 27, Lob 2, P.O. Box 262053 Jebel Ali, Dubai, United Arab Emirates Fax: 971 4 3438033 971 4 8810791 971 6 5746325

  22. Thank You 22

More Related