FREEZONE COMPANY SETUP

The UAE has seen a dramatic rise in foreign investment across many industries. Investors’ first choice for registering an entity for offering services trading locally or internationally is to incorporate a company in one of the Freezones. There are more than thirty different Freezone authorities in the UAE. It is important to select the right freezone in the right location and offering the appropriate support and services to the activities the investors want to develop. Different freezones have a focus on certain industries.

DMCC

Dubai Multi Commodities Center is a Free Zone built with an aim to offer media organizations from across the world a stimulating and business-friendly environment. Built to advance UAE’s media infrastructure, DMCC has managed to attract over 2,000 media outlets and more than 20,000 professionals. The Free Zone offers high-quality infrastructure and an extensive list of operational services to enable media agencies and enterprises to redefine the boundaries of what is possible and engaging. Entrepreneurs and SMEs trying to establish a business can choose from options like flexible large-scale commercial spaces, boutique villas, and fully-furnished and serviced business units.

TYPES OF COMPANY

Dubai Multi Commodities Center allows three types of company or business entities within its premises:

Free Zone Limited Liability Company (FZ-LLC)

An independent legal entity that can be owned by an individual or corporate shareholders. The minimum capital requirement depends on the type of activity.

Branch Office of a Local/Foreign Company

The license allows an existing local or foreign company to open a representative office or branch within the Free Zone. The branch will be legally dependent on the parent company.

Freelancer

The license allows an individual to conduct business as a freelance professional. This can be done under the individual’s name rather the brand name.

BENEFITS OF DMCC

  • 100% foreign ownership allowed
  • 100% of repatriation of capital & profits
  • Easy transfer of capital and profits
  • Varied business profile and opportunities
  • Well-developed and customizable infrastructure
  • Flexible office solutions at competitive rates

AJAMAN COMPANY SETUP

The Emirate of Ajman, located on the western coast of United Arab Emirates was formed by the Al Nuaim tribe, well known for their bravery, courage and wisdom who migrated to this region from Oman around 1775. The economy of Ajman in the past was mainly based on its strong maritime tradition – fishing and trade, though the wise Rulers always encouraged various other allied activities such as shipbuilding, pearl diving and trading. Its dhow building yard is the largest in the Emirates and continues to operate despite being dwarfed by modern developments such as the major dockyard.

The modern era in Ajman began with H.H. Late Sheikh Rashid Bin Humaid Al Nuaimi who initiated various structural changes in the administrative network introducing scientific methodology. He played a pivotal role in the formation of the Federation of the Emirates.

The implementation of all his ideas were left to the then Crown Prince H.H. Sheikh Humaid Bin Rashid Al Nuaimi who succeeded his father in 1981 assuming full charge of the transformation of Ajman to a modern emirate, well equipped with all the necessary facilities and services.

Today, Ajman is witnessing a flurry of construction activities in the industrial areas, the port and Al Zawra, which is an indication and reflection of spectacular economic growth in the emirate. Despite the absence of oil, Ajman continues to develop its infrastructure and broaden its economic base.

 

ECONOMIC FACTORS PROVIDING DECISIVE EDGE

  • The main economic factors of Ajman projecting itself as the Investors’ haven are
  • Strategic and central location with easy access to Dubai, Sharjah & Ras AL Khaima
  • Free Zone advantage
  • Ready/easy availability of raw material
  • Competitive handling charges
  • Lower prices of land and office rents
  • Low cost of living
  • Conducive business environment
  • Modern infrastructure

UM AL QUWAIN

Umm Al Quwain Free Trade Zone is one such Free Zone located 50 minutes away from Dubai Airport in the Emirate of Umm Al Quwain. It is 6 km from Sharjah and 20 Km from Dubai. It can be approached facilely from the old Emirates road as well as from the roads near the seashore in Sharjah old town. The head office of the Umm Al Quwain Free Zone Ascendancy is located near approach to the town of Umm Al Quwain.

Which business activities are licensed in Umm Al Quwain Free Zone?

1. Trading Activities

Under the commercial license, all types of trading activities can be licensed by Umm Al Quwain Free Zone. A Single business activity e.g. Trade in garments or multiple activities.

2. General Trading Activity

This is popular among international traders because virtually all categories of products can be traded. Tobacco, Alcohol, Pharmaceuticals and Crude oil are not sanctioned. This license costs more than categorical trading.

3. Consultancy Licence

This license is issued to those who plan to carry on consultancy business – Management Consultancy, IT accommodations, Accounting Accommodations, HR Consultancy Accommodations.

4. Premium Consultancy Licence

This license allows Real Estate consultancy, Tourism Consultancy, Oil and Gas engineering Consultancy, Legal consultancy, Financial Consultancy, Investment Consultancy, Shipping and Logistics and Aviation Consultancy.

5. Micro Business Licence

The license is suited to those who would like to start with a minimum budget and do not need a physical office or a visa. They can start a Trading or a consultancy business using this cheapest option.

6. Freelancer Permit

This is meant for individuals who carry out professional activities in their specialty or expertise as a business. Photographers, even planners, musicians, performers and may other categories are covered. Educational certificates as proof of expertise are needed.

Apart from these categories Umm Al Quwain Free Zone also provides Industrial licenses. These are manufacturing activities.

JAFZA (Jebel Ali Freezone Authority)

As the leading business hub of the Middle East, JAFZA focuses on long term customer relationships. It fosters 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, in the most efficient way. JAFZA aspires to be the international business hub of the Middle East.

JAFZA is today one of the strongest brands in the region and stands for excellence, innovation and the power of partnership. It is the first free zone in the world to win ISO certification in 1996.

Company Incorporation in JAFZA

In order to set up a company in Jafza; the following documents are required:

  • Application for Facility
  • Passports copy of each Individual (Share Holders and Managers)
  • Bank Reference for each individual
  • Project Summary
  • Parent Company’s Profile (In case of Branch formation)
  • Application for Registration a Free Zone Company “FZCO” (In case of establishing a FZCO)
  • Application for Registration a Free Zone Establishment “FZE” (In case of establishing a FZE).
  • 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 avail of Jafza’s unique offer of forming a company as a separate legal entity. A FZE formation can be with a single shareholder and an FZCO can be formed with 2 to 5 shareholders.
Branch Company: Companies having valid registration and license outside Jafza can apply for the formation of a branch Company in Jafza.

 

Types of Company Licences

Jafza issues various types of company licences:

  • General Trading Licence allows the holder to import, distribute and store all items as per Jafza rules and regulations.
  • Trading Licence allows the holder to import, export, distribute and store items specified on the licence.
  • Industrial Licence allows the holder to import raw materials, carry out the manufacture of specified products and export the finished product to any country.
  • Service Licence allows the holder to carry out the services specified in the licence within the Free Zone. The type of service must conform to the parent company’s licence, issued by the Economic Department or Municipality of the relevant Emirate in the UAE.
  • National Industrial Licence is designed for manufacturing companies with an ownership or shareholding of at least 51% with AGCC (Arabian Gulf Co-operation Council) nationals / citizens. The value added to the product in the Free Zone must amount to a minimum of 40%. This company licence allows the holder the same status as a local or AGCC inside the UAE.

DUBAI AIRPORT FREEZONE

Dubai Airport Freezone is one of the fastest growing free zones in the Middle East region and is currently home to over 3100 companies from various industry sectors, including aviation industry, pharmaceutical products, logistics & freight, jewellry, IT and mobile phones accessories.
International investors can enjoy dynamic growth through Dubai Airport Freezone’s excellent incentive packages including 100% tax exemption, 100% foreign ownership and no currency restrictions. Located strategically within the boundaries of Dubai International Airport, Dubai Airport Freezone offers a range of modern facilities with a state-of-the art infrastructure.

Dubai Airport Freezone has positioned itself as a gateway connecting the markets in the Middle East and Africa with Europe and rest of Asia. DAFZA provides office space and warehouses for foreign companies at 100% ownership in a zero-tax environment.

DAFZ offers an excellent opportunity to businesses to establish their presence in Dubai within an expedited process that allows them to start operations within days.

Service offered at DAFZA:

  • Licencing and registration
  • Employment residence sponsored by the freezone
  • Online transactions processing for all services
  • Security Service (24 hours)
  • Housekeeping and building maintenance
  • Government services: Immigration, Customs, Chamber of Commerce, Emirates ID, Post, Telecommunications and Banking facilities
  • Food Court
  • Business centre with high-tech amenities
  • Travel agent and car rental
  • Turnkey solutions
  • Digital printing services
  • DAFZA medical fitness centre
  • Shuttle services from Dubai Airport Freezone Metro station

 

Incentives for investors at Dubai Airport Freezone include:

  • Dubai Airport Freezone’s location within the boundaries of Dubai International Airport
  • Companies at Dubai Airport Freezone can operate 24 hours a day
  • On-site customs inspection
  • Investor-oriented management
  • Environmentally-friendly activities and procedures are actively encouraged
  • Investors enjoy the facilities provided by the Dubai Cargo Village and the FLC Air Cargo Terminal
  • Easy accessibility to Dubai Airport Freezone building and offices within
  • Abundant and inexpensive energy · Easy availability of inexpensive workforce

DUBAI INTERNET CITY

Dubai Media City is a Free Zone built with an aim to offer media organizations from across the world a stimulating and business-friendly environment. Built to advance UAE’s media infrastructure, Dubai Media City has managed to attract over 2,000 media outlets and more than 20,000 professionals. The Free Zone offers high-quality infrastructure and an extensive list of operational services to enable media agencies and enterprises to redefine the boundaries of what is possible and engaging. Entrepreneurs and SMEs trying to establish a business can choose from options like flexible large-scale commercial spaces, boutique villas, and fully-furnished and serviced business units.

 

TYPES OF COMPANY

Dubai Media City allows three types of company or business entities within its premises:

  • Free Zone Limited Liability Company (FZ-LLC)
  • An independent legal entity that can be owned by individual or corporate shareholders. The minimum capital requirement depends on the type of activity.
  • Branch Office of a Local/Foreign Company
  • The license allows an existing local or foreign company to open a representative office or branch within the Free Zone. The branch will be legally dependent on the parent company.
  • Freelancer
  • The license allows an individual to conduct business as a freelance professional. This can done under the individual’s name rather the brand name.

 

INCENTIVES & BENEFITS

  • 100% foreign ownership allowed
  • 100% of repatriation of capital & profits
  • 0% personal and corporate tax for 50 years
  • Easy transfer of capital and profits
  • Varied business profile and opportunities
  • 0% import or export duties
  • Well-developed and customizable infrastructure
  • Flexible office solutions at competitive rates

DUBAI KNOWLEDGE VILLAGE

Dubai Knowledge Village (DKV) is the world’s only Free Zone area in the city of Dubai for human resources management, professional learning, and educational excellence. Dubai knowledge village provides facilities for corporate training and learning institutions to operate with 100% foreign ownership.

Dubai knowledge village is established in the year 2003 as part of TECOM Group. This knowledge community aims to develop the region’s talent pool and establish the UAE as a knowledge-based economy. There are many companies and institutions operating within it, which include occupational assessment and testing providers, universities, computer training providers, professional centers, executive development providers and HR consultancy companies.

At BYBLOSERVE DUBAI our consultants have expertise in Dubai Knowledge Village Company Formation, and we provide complete solutions for opening a company in DKV.

DUBAI HEALTHCARE CITY

Dubai Healthcare City (DHCC) was established in 2002, to meet the demand for high quality and patient-centered healthcare. Located in the heart of Dubai DHCC, become one of the leading providers of premium health care services and home to many major national and international healthcare brands.

Dubai Healthcare City (DHCC) provides modern medical services in the disciplines relevant to the health issues facing the region and internationally. Now, DHCC is a home for two hospitals, over 120 outpatient medical centers and diagnostic laboratories with over 4000 licensed professionals occupying 4.1 million square feet in the heart of Dubai. DHCC combines the leading expertise of medical institutions and pre-eminent healthcare providers to deliver the A-Z of medical services.

At BYBLOSERVE DUBAI, we support our clients to select the most appropriate solution and guide them through A to Z procedures of company registration in Dubai Healthcare City (DHCC) and deliver turnkey solutions in short period of time.

BENEFITS OF DHCC COMPANY FORMATION:

  • Investors are allowed 100% ownership
  • No income, corporate taxes or personal taxes for fifty years
  • No customs duties for goods and services
  • Flexible real estate solutions designed to meet the specific needs of investors
  • One-stop shop for visas, permits, licenses and other government services
  • Wide range of business support services
  • Investors can access the expertise of world-class regional & global professionals in the healthcare sector

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CONTACT US

We would love to hear from you and discuss how we can help you 

                                                                            

 

ADDRESS:

Global Business Services

Citadel Tower, Level 11

Office 1104

Al Abraj South Street, Business Bay

P.O. Box 333470

Dubai UAE

 

PHONE:  +971 4 243 87 82

EMAIL:  info@bybloservedubai.ae