Dubai Free Zone

DUBAI FREE ZONE COMPANY SETUP

DUBAI MEDIA CITY FREE ZONE

Dubai Media city (DMC) is situated in Dubai at the crossroads of the Middle East, Africa and South Asia. It has quickly developed as a global media hub. DMC gives a sophisticated foundation and corroborative surroundings for media-related businesses to operate globally out of Dubai.

DMC is a place where every type of media business can work with collective synergy. It includes media and advertising service, printing, publishing, music, media, film, entertainment, leisure, broadcasting and information agencies.

Since its beginning, Dubai Media City has developed stunningly. The list of DMC-based organizations today reads like a who’s who of the global media industry. The community incorporates global media giants, for example, Reuters, CNN, CNBC, MBC, Sony, Showtime and Bertelsmann.

In June 2001, Ibda’a Media Student Awards was launched by Dubai Media City. It is a yearly event to identify and encourage youthful media talent in the area. The Ibda’a Awards cover a variety of media-related categories.

DUBAI COMMERCITY FREE ZONE

Dubai CommerCity is one of the newest Free Zone that is collectively incorporated by the Dubai Airport Free Zone Authority and Al Wasl. It is also part of the Dubai Integrated Economic Zones Authority (DIEZ). Company formation in Dubai CommerCity is beneficial for entrepreneurs in many ways due to the prospective company package it offers and the top-class business facilities for investors.

The strategic location close to the Dubai International Airport makes it a perfect choice for trading, eCommerce, and import-export houses to make it their Head Quarters. The Dubai CommerCity aims to contribute highly to the digital economy by registering companies across a wide range of business activities.

Company Formation in Dubai CommerCity starts at AED 27,545 for a 2 visa quota company with office space inclusive of the rent, other company document costs, etc.

The Dubai CommerCity Free Zone will be a major source of Foreign Direct Investment (FDI) to the UAE. Company Formation in Dubai Commercity will attract foreign entrepreneurs to Dubai. They will establish international company headquarters, warehouses for their GCC operations, and small manufacturing units for their re-export business.

The Free Zone is the perfect choice for digital businesses that focus on eCommerce, online platforms, and new technology. The Free Zone supports innovation, digital growth, and the future of new technological applications.

DUBAI COMMERCITY – KEY ADVANTAGES FOR BUSINESS INVESTORS

There are multiple advantages for business investors when it comes to company formation in Dubai CommerCity. Following are a few of the advantages for the investors.

•   100% Foreign Ownership in the company and full profit repatriation
•   World-Class Office Space and business infrastructure to facilitate eCommerce operations
•   Enhanced digital infrastructure and system for digital commerce
•   Wide range of business activities to choose from and faster approvals
•   Dedicated eCommerce support setup with logistics, warehouse storage, and packaging
•   Easy bank account opening with partner bank – Emirates NBD
•   Global connectivity by air, sea, & road to easily facilitate import-export to and from UAE

COMPANY FORMATION IN DUBAI COMMERCITY

Company formation in Dubai CommerCity is a lucrative business investment for foreign entrepreneurs. Dubai Commercity offers a top-class business infrastructure to entrepreneurs for setting up their companies in Dubai.

The Free Zone offers unmatched business facilities to investors. It has customized office spaces ranging from smart Desks to fully-furnished offices of 25 Sq.m and 50 Sq,m area. The Company Formation in Dubai CommerCity is driven by the enormous business facility support the Free Zone is offering the investors.

One of the major drivers for the new company formation in Dubai CommerCity is the availability of large warehouses. The warehouses are custom-built for eCommerce businesses to store the goods and easily facilitate the delivery of the items. The Free Zone has a long-term plan of delivering office facilities in phases.

There will be the launch of new facilities that will, have office spaces, eCommerce logistic units, and multi-client warehouses in the second phase too. The Free Zone covers the business, logistics, and social sectors and aims to attract global investors who are into the eCommerce, manufacturing, distribution, and e-retailing sectors.

WHAT ARE THE STEPS TO OBTAIN A DUBAI COMMERCITY BUSINESS LICENSE?

To obtain a Dubai CommerCity Business License there are certain steps the investor must follow. With the expert assistance of AL BAB GROUP, obtaining a Business License from the Dubai CommerCity is a hassle-free process.

1. The investor must first choose the desired trade name for the company and get the name approval from Dubai CommerCity authorities.
2. Choose the right business activity and company legal structure and submit the application form to the Free Zone authority for pre-approval.
3. Take the office space and warehouse facility depending on the business requirement. A tenancy contract from Dubai CommerCity will be obtained once the office is ready.
4. Make the final payment for the Trade License after submitting the required documents, tenancy contract copy, shareholder details, photograph, etc.
5. Obtain the business license and start working legally from the Dubai Commercity Free Zone. Proceed to open a corporate bank account in UAE by submitting all the company documents to the banking partner.

AL BAB GROUP will facilitate the opening of the corporate bank account along with the coordination for obtaining the trade license from the Dubai CommerCity.

COMPANY FORMATION IN IFZA DUBAI

Company Formation in IFZA is a quick & easy process. To avoid any roadblocks and to have a hassle-free Company Set Up, it is best to proceed with a Registered Agent like AL BAB GROUP. Our expert team will guide and assist you throughout and beyond the company formation.

We will help you choose the right Business Package at the most affordable price for you to set up your dream company in Dubai. Most of the foreign investers prefer ifza company setup for their startup business in Dubai.

Facilities such as Offices, Warehouses, Residential Apartments, hotel, retail outlet options are available in IFZA Freezone. Several license options (Consultancy License, Service License, Trading License, General Trading License, Industrial License and Holding License) available, able to effectively serve small local to large international businesses.

STEP BY STEP COMPANY SETUP PROCESS IN IFZA

By Following 3-4 below easy steps you will get IFZA company license.

1. Connect with AL BAB GROUP – Schedule a call with our expert legal and business consultant to get assistance on the various Free Zone company Formation Packages, License Cost and Visa Details.
2. Choose the right Business Activity and reserve the Trade Name for your business.
3. Select the right Business License Package (Flexi-Office, Shared Office, Exclusive Office) and Visa Quota for your business setup
4. Submit Required Documents for review and Make the payment
5. Get your Company License and apply for Residence Visa
6. Apply for a Corporate Bank Account and other clearances such as Customs Registration, etc.

IFZA FREEZONE COMPANY SETUP COST & TRADE LICENSE COST

IFZA offers low cost business setup packages in Dubai. Below table includes cost of company license based in the visa quota.

TRADING / CONSULTANCY / SERVICES 1 YEAR LICENSE COST

IFZA FREEZONE COMPANY ESTABLISHMENT CARD & VISA FEES

LICENSE TYPES AVAILABLE IN INTERNATIONAL FREE ZONE AUTHORITY

Following are the main business license types available in IFZA.

•   Consultancy License – providing expert and professional consultancy services for professionals.
•   Service License – allows production, re-production, transformation and distribution of services.
•   Trading License – enables the licensee to trade items specified on the trade license.
•   General Trading License – enables the licensee to trade wider range of items.
•   Industrial License – allows to import raw materials, production, re-production, manufacture, package and export.
•   Holding License – allows the holding standalone assets and/or shares in other companies.

FEATURES OF IFZA FREEZONE COMPANY SETUP

Following are the advantages and features of business setup in IFZA.

•   Regulated by Dubai Silicon Oasis Authority, Dubai
•   Cost effective Business Setup Packages starting from AED 12,900
•   Special discount in ifza license cost for 3 year license
•   Fast & easy freezone company incorporation
•   Customized Office Setup Solutions – Flexi Desk, Executive Office
•   Comprehensive range of business activities – Consultancy, Service and Trading options
•   Physical presence of shareholders is not required
•   No physical office requirements
•   Proof of share capital is not required
•   100% exemption from corporate and income taxes
•   100% foreign ownership
•   Zero foreign currency restrictions
•   Full repatriation of company profits and capital
•   Ability to incorporate holding companies

WHAT MAKES IFZA UNIQUE FREEZONE?

The following features makes IFZA a unique free zone.

•   2 years visa for owners and employees
•   No Employee guarantee deposit required
•   Passport Copy is the only document required
•   Physical presence of Company Owners is not required
•   No physical office is required
•   Exemption from Corporate and Income tax
•   100% repatriation of profit.

PRO SERVICES IN IFZA

Our expert PRO agents will guide you throughout the company formation process, visa processing, immigration requirements and ensure you have a hassle-free company setup. We will efficiently handle all your administrative tasks and ensure you have a comfortable company formation in IFZA.

AL BAB GROUP offers exclusive PRO Services in IFZA at the most competitive prices. Contact us now for avail the limited time offer for PRO Services in IFZA.

PRO SERVICES PACKAGE IN IFZA DUBAI

AL BAB GROUP always focus on minimizing the time and promptly respond to all your business support requirements. Our quick and fast documents clearing and corporate PRO Services in IFZA covers the following:

•   Labor Establishment Card
•   Employment Work Permits
•   Amending, Canceling, Renewal of Trade License
•   Employee & Investor Residence Visa
•   Emirates ID, Medical Test, & Visa Stamping
•   Trade Name Approval and Amendments
•   Document Clearing, Notary, & Legal Attestation
•   Work permit & labor card typing
•   Drafting Memorandum and Articles of Association
•   Tenancy Contract and Ejari preparation
•   and many more…

COMPANY LIQUIDATION IN IFZA

Company Liquidation in IFZA is a straightforward process that the investor must follow during the event of closing down the company. To avoid any future complications for the shareholders and the company’s reputation it is essential to close the company the right way. Companies registered in IFZA must be renewed every year and in case of any unexpected events or business loss, the company must be liquidated by following certain steps.

STEP BY STEP PROCESS OF COMPANY CLOSING IN IFZA

The Following are the steps to follow for closing the IFZA Company

1. The Investor must provide the board resolution stating the company liquidation process is approved by all shareholders
2. The company closing request must be submitted to the Free Zone at least 1 month before the trade license cancellation
3. The Board resolution, company documents are to be submitted to the Free Zone to initiate the company cancellation
4. All outstanding employee visas must be canceled and the fee payment dues with the Free zones and other third parties must be settled by the investor
5. All the payments with the suppliers and other partners must be settled before closing the company
6. The auditor liquidation certificate must be submitted to the IFZA for issuing the Trade License Cancellation Certificate. There is a fee to be paid for obtaining the Trade license cancellation form. Also, the refund request form has to be submitted to the Free Zone for any refunds (if any).
7. Obtain the Trade License Cancellation certificate and the refund from the Free Zone accordingly from the IFZA Free Zone

Hence, company liquidation in IFZA is a well-structured process helping investors an easy exit from their business ventures in the event of any unexpected incidents or business loss. To know more about the Company Liquidation in IFZA, connect with our expert Business Consultants right away!

FACT FILE

•   The Gold & Diamond Park consists of one manufacturing block (G+2) and a Retail Center (G only).
•   Construction at the Gold & Diamond Park commenced on November 21st 1999 and was completed on July 31st 2000.
•   The Gold & Diamond Park was opened officially on 29th of May 2001.
•   All 37 retail outlet and 118 manufacturing units are operational
•   The Retail Center is a mixture of 37 retail units of approximately 323 square feet to 1107 square feet each

SERVICES

Strong support from His Highness General Sheikh Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defense, the Government of Dubai, the Department of Tourism and Commerce Marketing, the Gold and Jewellery Group, and the World Gold Council.

•   Assistance for tenants in all government related issues.
•   Full Free Zone facilities and benefits exactly as JAFZA. 100% foreign ownership
•   100% repatriation of capital and profits
•   No Corporate taxes
•   No income tax
•   Strategic location within the heart of Dubai with easy access to all areas
•   24/7 operational freedom
•   Hiring of expatriate workers
•   Central air conditioning plant connections to each unit
•   Central gas distribution system to each unit
•   Healthy purpose built work environment with proper ventilation systems, exhaust facilities and provision of acid disposal waste collection
•   24 hours, 7 days a week security personnel & video surveillance, fire alarms and fire defense systems
•   Hallmarking will soon be provided by the Dubai Municipality’s regular pickup services for all gold manufactured and sold from the Gold & Diamond Park
•   Excellent retail center facilities and atmosphere, serving tourists and shoppers
•   Shuttle transport between the Gold & Diamond Park and 5-star beach hotels to commence by end of November 2004

DOCUMENTS REQUIRED FOR OBTAINING GOLD TRADING LICENSE FROM JEBEL ALI FREE ZONE (JAFZA)

•   Copy of the Lease agreement stating the details of the physical office space or retail store in Dubai Gold & Diamond Park.
•   Memorandum of Association (MOA) and Proof of License Fee payment
•   Any supporting documents as requested by JAFZA

Post-approval from JAFZA, the Certificate of Incorporation and Bank Reference letter for Corporate Account Opening will be issued. The letter of confirmation from the investor must be submitted to JAFZA to obtain the Gold Trading License or the Specific license applied for from JAFZA

DUBAI HEALTH CARE CITY

Dubai Health care city was launched by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai in 2002. DHCC is the world’s largest healthcare free zone. The aim of DHCC is to fill up the gap between Europe and South Asia and to set up a regional gateway for the customers and patients so that they receive a world-class healthcare facility and enjoy first class medical and wellness service.

By establishing DHCC, Dubai will offer significant business opportunities to the local as well as international investors, regional business and the global healthcare industry. It will make an integrated healthcare community giving a complete medical treatment and prevention portfolio with an upgraded procedure and patient/client flow.

The purpose of DHCC initiative is to create a world-class cluster of healthcare specialists and service providers at the heart of Dubai by providing the highest quality healthcare services to medical care and wellness seekers from the region. DHCC aspires to provide best in class medicinal care benefits in selected disciplines that are significant to the issues facing the patients within the region.

BUILDING THE FUTURE OF HEALTHCARE

With a specific goal to be at the forefront of healthcare in the locale and globally DHCC is constantly expanding to add new services and expertise to its offer. We have developed into a noteworthy medical community in a short space of time and have more prominent plans to deliver health benefits and wellbeing that compete on a worldwide scale. Our approach is simple, to draw in the most effective healthcare providers, to deliver the best service and lead the best practice.

SETTING NEW STANDARDS IN HEALTHCARE QUALITY AND PATIENT CARE

Dubai Healthcare City’s priority is to guarantee patients get the highest quality care and clinical services in a safe and reliable atmosphere. This is the reason the Center for Healthcare Planning and Quality (CPQ) was established mutually with Partners Harvard Medical International, as the independent regulatory body in charge of implementing thorough standards that are aligned with international best practice to guarantee the highest quality care.

To protect patients, CPQ is responsible for:

•   Guaranteeing rigorous licensing of healthcare professionals and facilities within DHCC
•   Implementing top quality norms for healthcare practice
•   Ongoing assessment of clinical facilities to keep up best practice
•   Regulating traditional and alternative medical practice
•   Patient care and patient safety initiatives to drive continuous quality improvement
•   Gathering statistical data to monitor clinical standards and patient fulfilment and to enhance healthcare delivery and customer care

COMPANY REGISTRATION IN DUBAI AIRPORT FREE ZONE

Dubai Airport Free Zone is one of the quickest developing free zones in the Middle East region and is at present home to more than 3100 companies from different industry sectors, including flight industry, pharmaceutical items, trading, manufacturing, logistics, jewellery, IT and mobile phones accessories.

Dubai Airport Freezone being announced as designated freezone provides incredible incentive package to investors. Situated strategically adjacent to the boundaries of Dubai International Airport, Dubai Airport Free Zone offers a variety of modern facilities with a best in class infrastructure and has positioned itself as a gateway that connects markets in the Middle East and Africa with Europe and rest of Asia.

Foreign companies are given office space and warehouse at complete ownership in a zero-tax environment by Dubai Airport Free Zone. DAFZA offers a great opportunity to organizations to set up their quality in Dubai within facilitated procedure that enables them to begin activities within days.

Situated in the heart of Dubai, Dubai Airport Freezone has quickly turned to the proud position of being the business hub of Gulf and Middle East. Additionally, Dubai’s geographical location offers access to creating markets with more than 1.5 billion customers – incorporating the member states of the Gulf Co-operation Council (GCC), other Arab nations, the Asian subcontinent, parts of Africa and Europe and countries of the Common wealth of Independent States (CIS).

TYPE OF COMPANIES IN DUBAI AIRPORT FREEZONE

BUSINESS LICENSES AVAILABLE IN DAFZA

DAFZA offers six types of business licenses to investors.

Trade License: Allows to conduct trading activities – Import, export, re-export, distribution, and storage of specific products

Service License: Tailor-made for service cantered businesses. E.g. IT Services company

Industrial License: For carrying out light manufacturing and industrial activities, packaging, and assembling.

E-Commerce License: To conduct trade of goods and services over the internet.

General Trading License: For Trade in general items including import, export, re-export, storage and distribution

Dual License with DED: Allows DAFZA companies to apply for a DED license without physical office space in the mainland. The business can operate out of DAFZA premises.

For Service License & Dual License, there must be consultation with the registered agent to facilitate the selection of the right category.

DAFZA COMPANY FORMATION PACKAGE

DAFZA License Packages are Subjected to Availability.

^*Rent Calculated based on office area.

GENERAL TRADING LICENSE IN DAFZA

Office Area: 50 Sqm & Visa quota: 5-6

Note:
* Office space including furniture and telephone equipment.
* Memorandum of Association fee: AED 3,000 (Free for a new company)
It is also required to deposit the Share Capital of AED 500,000.

VISA FEES

1. Office insurance non inclusive

DAFZA INDUSTRIAL PARK

DAFZA Industrial Park is the new industrial freezone from DAFZA. It is strategically located in close proximity to DAFZA’s existing facilities near Dubai International Airport. It’s innovative warehousing model gives the flexibility to expand. DAFZA Industrial Park is backed by the established and recognised DAFZA brand of world-class infrastructure, seamless setting-up and premium experience.

FEATURES OF DAFZA INDUSTRIAL PARK

•   State-of-the-art industrial units
•   Ultra-fast operational efficiency
•   Flexible, modern units from 312 m2with up to 50% of floor area for mezzanine
•   Innovative multi-client warehousing model
•   Power availability to suite any business size
•   DAFZA’s world class expertise and zero operational hassles
•   Ideal as logistics, warehousing and distribution facilities for Cold Storagr, Electronics, Fashion & luxury Goods

DAFZA WAREHOUSES

LIGHT INDUSTRIAL UNITS (LIU)

Light Industrial Units (LIU) provides high quality thermal insulated custom build units for storage and distribution. It can also be used for assembly and light-duty production activities.

Specifications
Area:  350 Sqm approximately
Office: Each LIU has a ground and mezzanine floor offices of 90 Sqm
Visa Quota: 20 employee visas

PRO SERVICE IN DUBAI AIRPORT FREEZONE

With a branch office operating at Dubai Airport Freezone, AL BAB GROUP renders its expertise in assisting clients for all documentations and visa process in Dubai freezone. It takes up assignments for filing and processing of new visa for company owners, family or employees. It takes care the renewal of company license, arrangement of audit reports, renewal of visas and all related matters.

AL BAB GROUP is a REGISTERED AGENT of Dubai Airport Free Zone and has expertise in opening a NEW Company / Branch of foreign company / Subsidiary of foreign Company complying with all legal documentation. DAFZA Company Registration, DAFZA company renewal, company de-registration everything is made easier to you with AL BAB GROUP.

DUBAI CHINA CENTRE

The China Centre is located in the Dubai Silicon Oasis Free Zone. The Free Zone is established jointly by Dubai Silicon Oasis and the DDP China Centre Management. It is aimed at promoting international trade and bringing in more foreign investment to UAE.

The core focus of China Centre is to support digital enterprises and facilitate cross-border eCommerce in UAE. The Free Zone also provides the perfect platform for blockchain applications, mobile education, finance, media operations, entertainment, and more.

DUBAI CHINA CENTRE FREE ZONE BUSINESS PACKAGES

The Dubai China Centre Free Zone offers a host of attractive Company Setup Packages with up to 20 Visa Quota and Virtual Office Licenses. Here are the comprehensive company setup packages from the Dubai China Center Free Zone for investors.

DUBAI CHINA CENTER FREE ZONE – COST OF BUSINESS LICENSE

The Dubai China Center Free Zone offers various company setup packages for the investors ranging from a Virtual License package to a fully furnished Office with 30 Sq.m space. All the company setup packages can benefit from the 20 visa quotas along with the Trade License from the Dubai China Center Free Zone.

Notes:

•   Office Rent @ 180 AED per Sq.m per month
•   The Free Zone also offers Flexi Desk Setup at AED 1000/ Year.
•   The Investor Visa cost (valid for 3 years) is AED 9000, and the establishment card fee is included in the trading license fee

Documents Required for Company Setup in Dubai China Centre Free Zone

•   Passport Copy of Shareholder (s) with signature and UAE visa page (if already a resident)
•   Passport Size Photo of the Shareholder
•   3 Company Names for finalizing the Trade Name
•   Filled-In Application Form with the right business activity, shareholding pattern, etc.

FACILITIES IN THE CHINA CENTRE FREE ZONE

The Dubai China Centre Free Zone is spread over multiple business parks in the Dubai Silicon Oasis. There is the Internet Business Park, Online Education, Network Media Park, Internet Service Park, Internet Finance Park, and Online Entertainment Park.

The Digital Parks will cater to specific requirements of the entrepreneurs across various sectors such as eCommerce, finance, media, entertainment, etc. The Internal Business Park will cater to eCommerce companies and provide a range of comprehensive services such as IT Support, Call Centre Support, Warehousing, and Marketing. Similarly, the Online Education Park is specifically developed for promoting online education companies that will enhance the education system capabilities in UAE and the world. There will be online vocational institutes and also professional education institutions for various student communities to get training for their desired courses.

The Network Media Park is specifically developed for housing the marketing companies. There is a growing requirement for marketing companies to facilitate support services for eCommerce, logistics, and warehousing operations. Aligned with Media Park is the Internet Services Park where big data marketing, cloud storage, Management Services, Network Services companies are present. The Infrastructure provides the perfect setting for IT companies to quickly scale up. The Internet Finance Park will provide the required support services for blockchain technology growth in the region. It is a perfect choice for finance companies to thrive.

The Internet Finance Park will power the digital currency exchanges, supply chain financial institutions, gold and futures trading, securities trading, and more. The Online Entertainment Park is focused on freelancers and start-ups in the field of media, entertainment, gaming, and events. UAE has a huge potential market for entertainment due to the young crowd present here. Companies in the field of online entertainment and events can greatly benefit from the China Centre Free Zone’s Online Entertainment Park.

BENEFITS FOR INVESTORS IN DUBAI CHINA CENTRE FREE ZONE

The China Centre Free Zone provides enormous business benefits to the business investors when setting up a company in Free Zone. It is a perfect choice for entrepreneurs across various industry sectors. Here are a few of the business benefits for the investors from setting up their company in the China Centre Free Zone.

•   No corporate or personal income tax for 50 years
•   100% capital ownership and complete control of the business
•   Perfect office location and environment for growth
•   High-Speed internet facilities to support digital companies
•   Free to purchase a property on the company name in Freehold areas in UAE
•   The quick company formation process and investor visa of 3 years
•   Easy Corporate Bank Account opening and trade finance options
•   World-class meeting room, conference halls, food courts, and other amenities

DUBAI MULTI COMMODITIES CENTRE (DMCC)

DMCC provides the platforms you need to grow your business in dubai and beyond. DMCC is one of the largest and fastest growing freezones in the middle east. As the Government of Dubai Authority Committed to establishing Dubai as a global gateway for trade, DMCC is the ideal partner for growth with over 13,000 companies, 66 towers and a community of more than 87,000 people.

SIRA Approval is not required if FLEXI Desk facility is taken. Company Capital of AED 50,000 has to be deposited in Bank within a month of issuance of License & capital letter has to be submitted at Freezone. The minimum Share holding of AED 10,000 is required to have a partner visa. For Gold trading License ( Non manufactured precious metal trading) , either the Shareholder or any employee shall have experience in gold trade.

DMCC is offering 100% business ownership, a guaranteed 50 year tax holiday and freehold property options. DMCC has been established to support the specific needs of its core segments – Gold & Precious Metals, Diamonds & Coloured Stones, Energy and Other Commodities industries. AL BAB GROUP is having Partner Portal of DMCC and all application procedures can be done from the office of AL BAB GROUP.

BENEFITS OF DMCC FREE ZONE

DMCC is one of the largest and fastest-growing free zones in the UAE. It offers a top-class business infrastructure for all its investors to grow the business in Dubai and globally.

•   0% Corporate or Personal Tax
•   100% Profit Repatriation and No Currency Restrictions
•   100% Foreign Business Ownership
•   World-class Business Infrastructure
•   Wide range of Business Network, Growing Infrastructure, and Strategic Location
•   All in One Solution for Business Setup, Visa Processing, License Renewal, etc., through DMCC Portal
•   Secure and regulated Business environment
•   Perfect location to Work, Live and Recreate

DMCC COMPANY SET UP REQUIREMENTS SNAPSHOT

•   Online pre-approval application form
•   Passport copy (along with UAE Residence visa & Emirates ID copy if applicable)
•   Proof of residential address in country of residence(Copy of Utility Bill)
•   No Objection Certificate from sponsor, if holding a valid UAE residence visa
•   Summary of business plan for certain activities
•   Copies of the parent company documents if setting up a branch or a subsidiary
•   Third party approvals for certain regulated business activities
•   After the company registration details of an office address in DMCC Free Zone(JLT) will be required

DMCC COMPANY REGISTRATION PROCESS

EXPRESS YOUR INTEREST IN COMPANY INCORPORATION ⇒ 1. PRE APPROVAL ⇒ 2. COMPANY REGISTRATION ⇒ 3. COMPANY LICENSING

DMCC LATEST PACKAGES & COST

AL BAB GROUP has the expertise in setting up several Companies in the IT Service sector, commodity trading sector, dealing with Iron Ore, Minerals & Metals, Diamonds, Gold Trading License, Precious Stones etc in DMCC. The whole process will take 15 to 20 days to obtain Trade License. The new Company has to rent or purchase office in the JLT Zone for getting Trade License. Investors can get offices at a very economy rate in JLT Zone area.

DMCC is one of the most active and popular Free Zones of Dubai. Companies spread across industry sectors like Gold Trading, IT Services, Business Consultants, Marketing Agencies, etc., are registered in DMCC.

There are various licensing types and a wide range of business activities to choose from. Based on the office types in DMCC, the visa quota varies.

•   Flexi Desk – Up to 3 visas
•   Services Office – 4-5 visas depending on the size of the office
•   Physical Areas – 1 visa for every 9 sq. m

Additional visas can be added to the company upon requesting and paying the required fees to DMCC.

For all investors who are registering a business in DMCC can apply for a residence visa. The investors are eligible to sponsor their dependents as well as apply for employee visas based on their quota allotted.

AL BAB GROUP provides you with a dedicated PRO Agent for executing all the business support services, visa processing, passport clearance, immigration process, applying for a business license, registration of a trademark, etc

DOCUMENTS REQUIRED FOR RESIDENCE VISA APPLICATION IN DMCC

• 1. Copy of Business license & Establishment card
• 2. Investor’s Passport copy
• 3. Passport size photo with white background (less than 3 months old)
• 4. Any supporting documents for the company upon request (Shareholder Certificate, Memorandum of Association, Power of Attorney)
• 5. Once the visa is processed, you can apply for the medical examination for the processing of Emirates ID.
• 6. The last process is stamping of the visa in passport and obtaining your Emirates ID Card.

The company registration application form submission, residence visa application, other clearances from DMCC all submitted and managed through an online portal. Once the documents are submitted to the portal, the investor will receive a notification conforming DMCC approval and can proceed to the next steps. Upon successful company registration, the investor will receive access to the portal and can check visa status, license renewals, other clearances, etc.

The process of business setup, via processing and other business support services in DMCC, is slightly complicated and is best to execute via a Business Consultant.

DUBAI MULTI COMMODITY CENTER – GOLD TRADING LICENSE

Dubai Multi Commodity Center, DMCC is the perfect choice for starting a trading business especially in Gold, Diamonds, and other goods (Trading listed products such as grains, cooking oil, oil products, colored metals, industrial raw materials, etc.,)

The steps involved in setting up a Gold Trading company remains similar to any other Business activity. Investors intending for export and import of Gold & Precious metals and not physical selling of Gold in UAE, company formation in the DMCC Free Zone is the right choice. DMCC offers a host of additional business benefits to mitigate the risks involved in trading the precious metal.

DMCC has a robust ecosystem for Gold Trading comprising of the Dubai Gold and Commodities Exchange, a trading & hedge fund platform, and the Dubai Good Delivery Standard (International Standard for testing purity of 1Kg Gold Bars).

The gold trading License Package in DMCC starts from approx. AED 34,140 (for the License & Registration Fee) and the office can be rented as per investor’s facility requirements and budget.

SIRA APPROVAL FOR DMCC GOLD TRADING LICENSE

To obtain a Gold Trading License from DMCC, there is a preapproval required from the Securities Industry Regulatory Authority (SIRA).

The SIRA is the governing body that regulates the Security Industry in the UAE. It is aimed to keep Dubai safe and secure. As gold is a precious metal, protection to the asset and your business is a must-have.

DMCC GOLD TRADING LICENSE – PROCEDURES

For the DMCC Gold Trading License, there are some set procedures the investor has to follow.

PRE-APPROVALS

For trading in Gold, Diamond & Precious Metals, from DMCC Free Zone, the investor must obtain certain clearances from the Authorities. Also, there is the requirement of trade name reservation, preparation of shareholder agreement, memorandum of association, SIRA Approvals, etc.

COMPANY REGISTRATION IN DMCC

To register your company and secure the Gold Trading license, the following documents are to be submitted to the DMCC Free Zone.

DOCUMENTS REQUIRED FOR GOLD TRADING LICENSE

•   Shareholder Passport Copies
•   Trade Name Proof of Approval
•   Manager’s Profile
•   Comprehensive Business Plan
•   Notarized & Duly Attested Memorandum of Association
•   Lease Agreement
•   Power of Attorney duly attested & notarized (if any)

ISSUING THE GOLD TRADING LICENSE FROM DMCC

Post the review of documents and obtained required approval, the license fee has to be paid for acquiring the Gold Trading License from DMCC.

PRO SERVICES IN DMCC

Our PRO Services Package for DMCC includes all types of administrative tasks such as employee visa processing, immigration, and document clearances. Our dedicated PRO agent will guide you through all stages from liaising with DMCC authorities to document clearances and delivery of documents to the client’s doorstep.

PRO SERVICES PACKAGE IN DMCC

Our Specialized PRO Services for companies registered in DMCC include the following:

•   Swift Document Clearance
•   Company Establishment Card Approvals
•   Investor & Employee residence Visa Processing
•   Emirates ID Application Processing
•   Additional Approvals from Government Authorities
•   Immigration approvals from Dubai Immigration & Naturalization Department
•   Ministry of Labour Approvals
•   Trade license renewals
•   Passport & Visa Renewals
•   Legal Documentation and Translation
•   Dubai Chamber Registration
•   Customs Registration
•   Any Addition Approvals or Clearance from Dubai Government Authorities – RTA, Dubai Municipality, etc, (if any).

DMCC LICENSE RENEWAL

We are also experts in renewal of DMCC License after complying with all required documentation. We arrange accounting and auditing of DMCC Companies through approved auditors at a very cost effective fees.

DMCC COMPANY LIQUIDATION

Our professional experts assist in de-registration of DMCC companies after complying with all required documentation including the Liquidation Report of approved auditor. AL BAB GROUP will take care of the whole process of closing down of DMCC company after canceling visas, without any hassles for Company owners.

DMCC DE-REGISTRATION REQUIREMENTS AND FEES

•   Online application for License Termination
•   Shareholder’s Resolution
•   Official Letter Request – Justification for de-registration printed on company letterhead, signed and stamped by Authorized Signatory.
•   Confirmation of Appointment of Liquidator
•   Original company documents to be returned to DMCC such as MOA, Certificate of Registration, Establishment card, Personnel Secondment Agreement, Original License, Share Certificate
•   Clearance letters from:
  •   Landlord
  •   Etisalat
  •   DEWA
  •   Bank
  •   Ports & Customs
•   Closing Audited Balance Sheet
•   Liquidator’s Report – In order for Auditor to prepare this, they will also require a closure letter from your Bank
•   Authorization letter for AL BAB GROUP to process liquidation and collect liquidation certificate.
•   Visa Cancellation – If there are any visas under the company, it has to be cancelled as well in order for company to be de-registered. Visa cancellation can be done prior to de-registration.
•   DMCC De-registration fee: AED 8,270

To know more about DMCC Company Setup or avail our exclusive PRO Services Package, give us a call right away!

JEBEL ALI FREE ZONE (JAFZA)

JAFZA is the leading business hub of the Middle East. It focuses on long term customer relationships. It promotes alliances with worldwide investors by providing them world class infrastructure supported with quality driven value added services and incentives, empowering them to capitalize on huge business opportunities in the region, in the most systematic way.

Today, Jabel Ali Freezone is one of the strongest brands within the region and stands for excellence, innovation and the power of partnership. It is also world’s first free zone to win ISO certification in 1996.

COMPANY FORMATION IN JAFZA

Following documents are required to set up company in JAZFA:

•   Application & EHS Application form (Typed)
•   Passports copy of each Individual (Share Holders and Managers)
•   Project Summary
•   Letter from company to open branch company in JAFZA
•   CV of shareholders
•   NOC from sponsor for UAE residents applicants
•   A one time non-refundable application fee of Dhs. 500

LEGAL STRUCTURE OF JAFZA COMPANIES

Free Zone Establishment (FZE) and Free Zone Company (FZCO): FZE and FZCO applicants can make use of Jafza’s unique offer of setting up a company as a separate legal entity. FZE can be formed with a single shareholders and an FZCO can be formed with 2 to 5 shareholders.

Special Status Non-Resident Offshore Companies: JAFZA permits setting up of offshore Company by people or corporate bodies, as a non-resident organization, having a corporate legal entity, under Jebel Ali Free Zone Offshore Companies Regulations 2003.

TYPES OF COMPANY LICENCES

Jafza issues various types of company licences

General Trading Licence enables the holder to import, distribute and store all items according to rules and regulations of Jafza.

Trading Licence enables the holder to import, export, distribute and store items specified on the license.

Industrial Licence enables the holder to import raw materials, do the manufacture of specified products and export the finished product to any country.

Service Licence enables the holder carry out the services indicated in the licence within the Free Zone. The kind of service must fit in with license of the parent company, issued by the Economic Department or Municipality of the applicable Emirate in the UAE

National Industrial Licence is intended for manufacturing companies with an ownership or shareholding of no less than 51% with AGCC (Arabian Gulf Co-operation Council) nationals/natives. The value added to the item in the Free Zone must add up to at least 40%. This company license enables the holder the same status as a local or AGCC inside the UAE.

REGISTRATION FEE

LICENSE FEE

PRODUCT RATES

SECURITY DEPOSIT, PUBLIC HEALTH LIABILITY & OTHER COSTS

AL BAB GROUP’s expert professional team does A to Z work in incorporation of JAFZA Companies and obtaining Trade License and other Legal Documents.

DUBAI SOUTH (DUBAI WORLD CENTRAL – DWC)

Dubai South previously known as Dubai World Central (DWC) is one of the popular free zones in Dubai. Being a city of 145 sq. kms, Dubai South has the critical mass to sustain a broad, innovative and flourishing platform that supports every conceivable enterprise and industry in the most strategic location in Dubai – a vital connecting point between East and West.

At Dubai South, you will find the ideal urban ecosystem that enables your business to save significantly on time and money. In close proximity to the Al Maktoum International Airport, the largest airport in the world when complete, the Expo 2020 Dubai site, as well as the free zones and Business Park of Dubai South, the Residential District is seamlessly connected to key landmarks in the city through arterial roads, and the metro.

As a self-sustained and integrated city, Dubai South is able to provide you with a wide range of offerings to suit your unique needs:

•   A selection of thriving industries ranging from the aviation industry to retail, hospitality, food and beverage all the way to education and information technology.
•   A versatile range of products customized to fit your needs, such as shell & core, fitted-out, and custom built offices spaces, industrial facilities and commercial buildings for lease or rent.

DUBAI SOUTH FREE ZONE ADVANTAGES

•   0% corporate and personal income tax rate guaranteed for 50 years
•   100% business ownership
•   100% capital repatriation
•   Licenses for a full range of business activities
•   No currency restrictions
•   Regulated environment

SET UP YOUR BUSINESS IN FIVE STEPS

•   NAME AND ACTIVITY APPROVAL
•   SUBMIT APPLICATION FORM AND LEGAL DOCUMENTS
•   NAME & ACTIVITY APPROVAL
•   INVOICE PAYMENT
•   COMPANY REGISTRATION
•   SIGN & COLLECT REGISTRATION CERTIFICATES, LICENSE & LEASE

PRO SERVICES IN DUBAI SOUTH

Al BAB GROUP’s PRO Services Package for Dubai South covers an extensive scope of work. Avail on-demand PRO Services or a yearly contract to handle all your PRO & Administrative tasks. We offer top-class professional services with the utmost quality and prompt delivery of assigned tasks.

Our dedicated PRO Agents are well experienced with all the legal & business laws and process in the UAE. We will handhold you through the PRO & administrative tasks and ensure you have a hassle-free completion of the required task.

PRO SERVICES PACKAGE FOR DUBAI SOUTH

Our Comprehensive PRO Service package for Dubai South covers:

•   Company Formation Application form preparation
•   Document Clearance, legal translation, and doorstep delivery
•   Residence Visa & Emirates ID Application Processing
•   Approvals & Clearances from Specialized Government Departments – RTA, Dubai Economy, Dubai Municipality, Ministry of Labor
•   Establishment Card Processing, Labor Contracts, Legal Clearances
•   Dubai Chamber & Customs Registration
•   Visa Cancellation Services
•   Company Liquidation Processes
•   and many more…

DUBAI SILICON OASIS

Dubai Silicon Oasis Authority (DSOA) is a government-owned Free Zone established in 2004. It has emerged into the main technology park in the region.

The Free Zone provides a perfect ecosystem for both working and living in the same area in coexistence. DSOA offers a complete bundle of incentives and advantages to the organizations investing in the tech park. DSOA is equipped with industry-leading technology infrastructure to support the business establishments 24/7.

The Free Zone has an advanced telecommunication network, a fiber optic system, a tier 3 data center with 120 high capacity racks, and a propelled utility framework with 8 control stations with a limit of 1,600 megawatts. Dubai Silicon Oasis has a full capacity to have a semiconductor Manufacturing Plant and other light industrial units on the premise. It has a wide range of customizable warehouses and office spaces to suit the varying investor requirements.

DSOA is fully connected with a network of roads. It allows quick and easy access to Dubai’s major highways.

DUBAI SILICON OASIS INVESTOR BENEFITS

•   No income tax or corporate tax
•   No import-export tax
•   No customs duty for Freezone imports
•   100% foreign ownership
•   100% profit repatriation
•   Fast Company Formation
•   Networking and Community-building events
•   Advanced IT infrastructure with network security
•   Access to a pool of talent in the technical and engineering sector
•   World-Class development and Research centers
•   Investment incentives by venture capitalists for startups

DOCUMENTS REQUIRED FOR COMPANY FORMATION IN DUBAI SILICON OASIS

•   Company Formation Application Form
•   Passport Copy
•   Letter of Intent (optional)
•   Bank Statement/reference letter from Bank
•   No Objection Certificate – for UAE Residents
•   Company’s Business plan
•   Any supporting documents upon the requirement

TYPES OF LEGAL ENTITIES IN DUBAI SILICON OASIS

DSOA offers a perfect ecosystem for technology and IT entrepreneurs to start their company in Dubai. The following company structure could be incorporated in the DSOA Free Zone:

•   Free Zone Establishment (FZE) – Single shareholder (individual/corporate)
•   Free Zone Company (FZC/ FZCO) – Entity with 2 to 5 shareholders ( Individual/Corporates)
•   Branch of a Foreign Company – A UAE based or foreign company can register its branch in the DSOA without any capital requirement. (The activity chosen has to be the same as the parent company)
•   Branch of a Local Company – A company registered in Dubai Mainland

TYPES OF LICENSES ISSUED FOR BUSINESS SETUP IN DSOA

For the Company Formation in DSOA, investors can choose from three broad business license categories
Service License – For companies such as accounting, consultants, legal, marketing, IT Services, etc
Industrial License – For export-import of raw materials, manufacturing, assembling units, packaging units, etc.
Trade License – For distribution and sale of items under specified license (engineering equipment, heavy machinery, general trading)

SPECIAL LICENSE CATEGORIES IN DUBAI SILICON OASIS

DSOA is offering special license categories for regulating the activities in areas under the administrative zone of DSOA. ( areas owned by private developers). They are the following:

Business Operation Permit
A special permit issued by the Dubai Economic Department (DED) to companies operating in the Administrative Zone of DSOA. (Areas owned by Private Developers)
Entrepreneurial Business License
A low-cost license package offered to the budding entrepreneurs and startups who are part of the DSOA’s incubator program.

DUBAI SILICON OASIS – STEPS IN COMPANY FORMATION

Company Formation in the Dubai Silicon Oasis follows a 3 step process.

•   Submit the application form with all the required documents to the Dubai Silicon Oasis Authorities
•   Payment of related fees and submission of other legal documents
•   Lease Agreement preparation & signature followed by preparation of Share capital letter and submission to the DSOA ( for FZE/ FZCO)

FREEHOLD COMPANY SETUP IN DSOA

To set up a company in a facility that is not owned by Dubai Silicon Oasis by falls under the administrative governance, the investor has to apply to DSOA’s Freehold Licensing Division. Investors who wish to set up a company in a private facility within the freehold/lease facilities of DSO could leverage this option.

A suitable Company License will be issued by DSOA and the investor can start operating from the freehold area complying with all the regulations. Connect with our expert team to know more about the Freehold Leasing and Company Formation.

BUSINESS SETUP IN DUBAI TECHNOLOGY ENTREPRENEUR CENTRE (DTEC)

Dubai Technology Entrepreneur Centre Campus in Dubai is the largest IT and Tech Centre in the region. Spread over a large area of land in the Dubai Silicon Oasis Cluster, DTEC is an ideal location for tech entrepreneurs and IT start-ups.

The cost of DTEC Company Setup starts at AED 18,375 for a Flexi Desk Office with 2 Visa Quota. DTEC offers competitive packages for foreign investors in wide range of business activities. There are various office types available in DTEC ranging from Flexi Desk, Fixed Desk, Fully Furnsihed Office spaces, and more.

ABOUT DTEC DUBAI – A GROWING FREE ZONE IN DUBAI

DTEC offers a robust platform and technical infrastructure for start-ups and IT entrepreneurs to easily start their business ventures and test out their prototypes and development projects. It also offers a vast opportunity for attending IT events, IT training, mentorship programs for start-ups, network events, etc. DTEC has an in-house Venture Capitalist program to fund the IT Development projects and start-ups.

It has various testing laboratories for start-ups to test, develop and launch market-ready applications. The Intel Internet of Things Ignition Lab, the Intelak Aviation & Travel Tech Incubator, and the Dubai Smart City Accelerator to name a few. Start-ups can choose from Flexi-desk spaces to executive offices. DTEC provides a wide range of business setup packages with visa services, easy license issuance, etc. DTEC has emerged as an international start-up hub. It is home to more than 100 start-ups from over 70 countries.

DTEC DUBAI INVESTOR BENEFITS

•   Quick & easy Business setup
•   Easy Visa & License services
•   Large Area with creatively designed business infrastructure
•   24/7 access with high-grade security
•   Creative meeting and conference centers
•   Games room & Cafes
•   Corporate partner labs
•   Investment support and Venture Capitalists
•   Incubator and Test Labs
•   and many more…

DTEC DUBAI – OFFICE PACKAGES WITH SERVICE LICENSE

Flexi Desk Office Package @ 18,370/year– 2 Visa Quota/ Desk, choose a free desk and start working, Free high-speed Wi-Fi, 24/7 card access, bookable meeting rooms, and more…
Inclusive of: Service license, establishment card, deregistration fee, processing fee & VAT, a refundable deposit of AED 4000, Visa renewable after 2 years.

Fixed Desk Office Package @24,675 AED /year – 3 Visas/desk, Fixed workstation in a shared area with lockable storage, a wide range of amenities similar to Flexi-Desk package, access to a landline telephone, 24/7 access
Inclusive of: Service license, establishment card, deregistration fee, processing fee & VAT, a refundable deposit of AED 4000, Visa renewable after 2 years.
Private Office Package – Furnished & Unfurnished – 12-50 Sq.m furnished or unfurnished offices available. 2 Visa per desk (Furnished Office), Unfurnished Office- Visa Allocation based on space taken. Wide range of amenities similar to Fixed Desk Package.
Inclusive of: Service license, establishment card, deregistration fee, processing fee & VAT, a refundable deposit of AED 4500, Visa renewable after 2 years.

COMPANY TYPES IN DTEC DUBAI

The companies to start operating their business from DTEC IT Hub in Dubai, they must be first registered with the Dubai Silicon Oasis. Start-ups can register for their service license as any of the following legal business types:

•   Free Zone Establishment (FZE) – One shareholder, either individual or a company.
•   Free Zone Company (FZCO) – Minimum of 2 shareholders, either individuals or companies or both.

LIST OF BUSINESS ACTIVITIES TO CHOOSE IN DTEC DUBAI

DTEC, Dubai Technology Entrepreneur Centre offers very specific business activities mainly focused on technology and IT support domains.

•   Computer Graphics Design Services
•   Software Services
•   Electronic Chip Programming
•   IT Infrastructure
•   Web-Design
•   Public Networking Services
•   Internet Content Provider
•   IT Portal Building
•   and more…

DUBAI INTERNATIONAL FINANCIAL CENTRE (DIFC)

Dubai International Financial Centre (DIFC) is one of the prime financial hubs of the Middle East. DIFC houses the topmost financial and business institutions of the UAE. DIFC offers a secure and efficient business infrastructure support to the financial companies to reach out to the local UAE market as well as the rest of the world.

The Dubai Financial Services Authority (DFSA) is the independent regulator for DIFC business operations. It covers a large scope of financial activities ranging from asset management, banking, credit services, securities trading, investment funds, commodities trading, and more.

They are the regulatory body for authorizing, registering companies and individuals to conduct financial services in or from the DIFC Free Zone. The Free Zone is one of the top-rated Financial centers of the Middle East region with many global financial houses making it their headquarters.

DFSA has a robust regulatory framework based on international best practices to foster transparency and avoid discrepancies in financial transactions by companies operating in DIFC. It aims to achieve high quality and compliance standards for companies operating in the Financial Center. Gaining trust and credibility for a financial center and companies involved in financial business is crucial for growth.

DIFC – A FINANCIAL CENTRIC FREE ZONE

Dubai International Financial Centre is a special economic zone specifically focused on financial services companies. DIFC offers a world-class infrastructure for companies in the field of finance, investments, banking, and fin-tech.

DIFC is governed by a robust regulatory body, common law framework, and government support. It offers the perfect platform to foster companies focused on financial and business services. DIFC is also a perfect location to work due to the time zone advantages. It merges the time-zone gap between the international financial Centres of London, New York, Hong Kong, and Tokyo. The investors have an advantage of closely tracking all the major financial markets by setting up their base in Dubai.

1. Top-Class Regulatory Environment

The Dubai Financial Services Authority (DFSA) is the independent risk-based regulator for DIFC businesses. DFSA is the authority that issues licenses and regulates the banking and financial institutions in DIFC. It is compliant with world-class regulatory policies and is in line with financial regulatory policies practiced in the financial centers of London and New York.

2. Robust Legal Framework

DIFC has a legislative system in-house consistent with the English Common Law. The DIFC Courts are the entity for the independent administration and enforcement of justice in DIFC. All civil and commercial disputes arising within DIFC are addressed by the DIFC Courts.

BUSINESS BENEFITS FROM DIFC BUSINESS SETUP

•   100% Foreign Ownership
•   0% tax rate on income and profits
•   Leverage UAEs Double Taxation Avoidance Agreement
•   100% profit repatriation
•   Independent Regulatory Environment
•   Common-Law Framework consistent with the English Law
•   Fully transparent operating environment complying to world-class compliance and regulatory process
•   Hub & Spoke Model – Open branches anywhere in the world
•   An international Stock Exchange with a host of financial instruments for investment
•   Exceptional talent pool available in Dubai
•   Elevated lifestyle, best-in-class apartments, shopping outlets, transportation, technology infrastructure

TYPES OF LEGAL ENTITIES IN DIFC

DIFC is the hub for all financial and fin-tech type of companies. The Special Economic Zone is focused on companies involved in financial and investment-related activities. Legal Business Forms in DIFC are:-

•   A company limited by shares
•   Limited liability company
•   Branch Office
•   Partnership

BUSINESS LICENSE TYPES AVAILABLE

Managed License – Business activities that are linked with Finance and Banking are maintained by a financial regulatory system.

Non-Managed License – The Non-Managed License in DIFC is those ones that are not linked with Finance or Banking.

E.g. Retail spaces. Salons, Tailors, Wellness exercise, Cafes & restaurants.

PROCEDURE FOR BUSINESS SETUP IN DIFC

•   Fill up the application form
•   After initial approval, proceed to the registration process
•   Submit all the documents with proof of minimum share capital of the business
•   Open the bank account for the company
•   Once the documents are reviewed, the certification of incorporation will be issued.

DOCUMENTS REQUIRED TO SET UP A BUSINESS IN DIFC

•   Proof of trade name reservation
•   Proof of initial approval of business activities
•   Passport copies of the shareholder
•   Passport copy & Profile of the manager
•   Personal profile information sheet for each shareholder & manager
•   A detailed plan of business activity
•   Details of the organizational structure, IT Support system, Operations process
•   Information on the organization’s internal audit and compliance system
•   Anti-money laundering procedures
•   Detailed information on key shareholders and employees
•   Property Details of shareholders to check the propriety to conduct the business
•   Lease agreement contract stating the physical address and office location
•   Any third party approval for activities if applicable

SETTING UP AN ENTITY IN DIFC – STEPS TO FOLLOW

Setting up a company in Dubai International Financial Center (DIFC) requires the below 5 steps to complete the process. Investors can set up their company in DIFC with minimal processes and documentation requirements.

1. SUBMIT THE INTEREST

Talk to AL BAB GROUP, one of the top-rated Registered Agents for DIFC Free Zone. The expert Business Consultants will share the required details for setting up the company as part of the initial onboarding process. Investors will receive a detailed proposal with various business options to choose from, a breakup of the cost involved in setting up the business, visa cost of investors/employees, and all the related expenses for setting up the company in DIFC.

AL BAB GROUP will assist in the complete process of registering a company for the investor in the DIFC Free Zone. From the initial process of selecting the right business activity to obtain the Investor Visa, corporate bank account, and beyond, the team will handle all the assignments proactively.

2. APPLY FOR DFSA AUTHORIZATION

For setting up a company in DIFC Free Zone, the investors must apply for a pre-approval from DFSA. Aurion will handle the task of coordinating with DFSA for the Approval of the financial services company. DFSA would require a business plan to be submitted along with the application form for review. Once the approval is obtained the Financial Services license will be processed by DIFC Free Zone Authority.

3. REGISTERED ADDRESS

Obtain the tenancy contract for the office space based on the Registered Address. The Lease Agreement must be registered with the right DIFC Authority depending on the nature of the ownership of the office space. For purchasing an office space at DIFC, the owner or the company must fully own the space and must apply for the ‘Self Occupy’ Certificate. Lease registration is a mandatory requirement for all entities leasing space with third-party developers in the DIFC area.

4. REGISTER WITH DIFC

After the initial approval of the financial services from DFSA, lease agreement completion, proceed with the remaining process of registering the company with the DIFC Registrar of Companies. Depending on the selected legal structure and nature of business activities, and office space, the fee will vary significantly.

5. AUTHORIZATION BY DFSA

Detailed information about the company, shareholders, business plan, etc, will be reviewed and the business license will be authorized by DFSA for the go-ahead. The DIFC Licensing Authority will issue the Financial Services License after the authorization from DFSA. The company can apply for an establishment card at this stage. It is a requirement for processing employee visas for the company at a later stage.

FINTECH AND INNOVATION LICENSE – DUBAI INTERNATIONAL FINANCIAL CENTRE AUTHORITY

License & Registration Fees as per DIFCA laws and regulations:

LEASE TYPES

KEY FEATURES

• Cost-effective workspaces supported by high-end infrastructure
• Diverse financial ecosystem backed by DIFC
• Home to DIFC FinTech Hive, DIFC’s FinTech accelerator
• Associated to DIFC Innovation Hub, which is home to innovation and creativity
  No minimum share capital requirement
• Located at Gate Avenue, Zone D

Data Protection – In this section, investors must specify whether the entity will be processing personal data or not. In the case of processing personal data, they must specify the manner of processing personal data. This section also requires the details of the Data Controller appointed by the proposed entity.

REQUIRED DOCUMENTS:

1. Clear Passport copy, Photograph, a Signature sample of Shareholder/s
2. 3 proposed company names in order of priority
3. Business Plan
4. 3 months Bank Statement

DUBAI WORLD TRADE CENTRE FREE ZONE

Dubai World Trade Centre (DWTC) located at the hearth of Dubai’s Power Corridor along the iconic Sheikh Zayed Road. DWTC is one of the world’s largest and most dynamic event venues and well-established nexus point for global businesses. Dubai World Trade Centre Freezone is well positioned in the heart of Dubai city, highly connected via the Dubai Metro and just 15 minutes from Dubai International Airport.

DWTC Authority is a public coproration which is Established by His Highness Sheihk Mohammed bin Rashid Al Maktoum UAE Vice President and Prime Minister, Ruler of Dubai. DWTC Authority enjoys corporate body status, financial and administrative autonomy and full legal capacity to help it carry out its duties and activites.

KEY BENEFITS OF DUBAI WORLD TRADE CENTRE FREEZONE

•   Stable and clear regulation
•   Simplified incorporation process
•   100% foreign ownership
•   100% repatriation of capital
•   0% income tax for 50 years and renewable
•   0% coporate tax for 50 years and renewable
•   No import / export tax
•   No restriction on currency & repatriation of funds
•   No restriction on hiring foreign employees
•   No restraints over the capital nationality
•   Freedom to initiate any legal form for the activity
•   Freedom to determine prices of services / products & the profit margin desired
•   One-stop-shop services that provides business partners with a variety of government services, including company registration, licensing, visa and other services

TYPES OF LICENSE ISSUED BY DWTC FREEZONE AUTHORITY

BUSINESS OPERATION PERMIT

This is a special permit for companies operating in areas of Dubai World Trade Centre Free Zone owned by company using a license issued by Dubai Economic Department.

TYPE OF COMPANIES CAN BE FORMED AT DWTC FREEZONE

•   Free Zone Establishment (FZE)
•   Free Zone Company (FZC)
•   A Branch of an LLC
•   A Branch of a Foreign Company

DUBAI WORLD TRADE CENTRE FREE ZONE PACKAGES

COMMERCIAL / PROFESSIONAL / EVENT MANAGEMENT LICENSES

GENERAL TRADING LICENSES

MEYDAN FREE ZONE

Meydan Free Zone is the latest addition to the growing list of Free Trade Zones in Dubai. It is located in the Meydan hotel complex. The Meydan Hotel is a prime destination for international tourists and travelers. The Dubai World Cup (Horse Race) takes place at the Racecourse every year. The hotel is one of the major business networking hubs in Dubai.

The Meydan Free Zone offers a cost-effective company formation packages in Dubai. It is one of the most competitive Free Zone for investors aiming to start a company and settle down in Dubai.

Investors can benefit from numerous business incentives the Free Zone offers such as:

•   100% foreign ownership & full profit repatriation
•   A wide range of business activities
•   No currency restrictions for doing business
•   No restriction in hiring any nationality as staff
•   World-class technology infrastructure & Banking support
•   No import-export tax, and more

The Free Zone offers a range of co-working and Flexi-desk facilities for investors to easily launch their business in the UAE. Investors can get a No-Objection Letter from the Free Zone Authority to take up an office space outside of the Free Zone premises anywhere in Dubai.

WHY SETUP A COMPANY IN MEYDAN FREE ZONE?

Choosing Meydan Free Zone for setting up a company in Dubai offers the investors many benefits and incentives. The Free Zone is an emerging business and networking hub in UAE. Following are a few highlights of the Free Zone.

•   Strategically located in the Meydan Hotel – A top choice for world events, entrepreneurs, and international tourists
•   Located adjacent to the growing logistics corridor of Dubai and proximity to the Dubai International Airport
•   Top-class infrastructure facilities for setting up a company – Coworking spaces, In-house Banking Application – MeydanPay, Instant Digital Bank Account opening, and more
•   Growing business and networking hub with immense opportunity for collaboration for investors
•   More than 2,500 business activities for the investors to choose from for their business
•   Faster Trade License processing with minimal documentation requirements
•   No Objection from Free Zone for taking office space outside of the Free Zone premises in Dubai
•   Easy opening of Bank Account and UAE residence visa processing

LICENSE TYPES IN MEYDAN FREE ZONE

Meydan Free Zone offers three major types of business license types to entrepreneurs. Under each of the business license types, there are numerous business activities that investors can choose depending on the nature of their business.

Following are the major Business License types Meydan Free Zone offers the Investors

•   Consulting License – For service type companies, HR consultancy, finance consultancy, etc.
•   Commercial License – For trading, light manufacturing & packaging companies
•   Media License – For digital, website, software development, creative & art, and more

Meydan Free Zone is the right option for startups and entrepreneurs to start a company at a reduced cost. It is a perfect choice for investors who wants to open a company in the Dubai Emirate at a cost-effective rate.

Entrepreneurs can set up a single shareholder company, Free Zone Limited Liability Company, Branch/Subsidiary of a foreign company in the Free Zone. The Free Zone authority allows adding up to 7 shareholders and mandates the appointment of a manager/director for an FZ-LLC Company.

DOCUMENTS REQUIRED FOR SETTING UP A COMPANY IN MEYDAN FREE ZONE

Company Setup in Meydan Free Zone is a streamlined process with minimal documentation. The investors can submit the below documents to easily register their company.

•   Investor Passport copy and Photograph
•   Company Name for Approval ( 3 choices)
•   CV of the Investor/ Manager/ Director

MEYDAN FREE ZONE COMPANY SETUP PROCESS

Meydan Free Zone Company Setup follows a set of processes that the investor has to follow. Al Bab Group will handle the company setup process end-to-end on behalf of the investor and ensure the trade license is issued within 2 to 3 Working Days.

The process of setting up a Company in Meydan Free Zone follows the below steps

1. Choosing the Trade Name for the Company ( Submit 3 names for the name selection)
2. Choose the required business activity depending on the nature of the business operations
3. Submit the application form along with the investor’s passport copy & photograph
4. Make the required fee payment based on the chosen company license type, business activity, number of years, and office requirement
5. Obtain the trade license from the Free zone and proceed to apply for the investor visa. Team Al Bab Group will assist you in this step
6. Get assistance on Bank Account Opening and setting up of MeydanPay for all new business setups

MEYDAN BUSINESS LICENSE PACKAGE COST

Meydan Free Zone offers business licenses at cost-effective rates. The Free Zone offers Flexi-desk packages along with the Trade License for the investors. There are Multi-Year Business License Packages available in Meydan Free Zone at 15% discounted fees.