by admin | Aug 19, 2017 | FreeZone Company Formation Dubai
After getting the initial approval, the registration fees and license fee need to be paid. Again, the fees depend on the type of license required. After this, you will need to submit the following documents: Completed application for registration Board Resolution...
by admin | Aug 19, 2017 | FreeZone Company Formation Dubai
The following documents are required to secure the initial approval: Completed application form Business plan Copy of existing trade license/registration certificate (if you are an existing company, this is applicable for local company only) Colored passport copies of...
by admin | Aug 19, 2017 | FreeZone Company Formation Dubai
Companies established in free zones are governed by the rules of the respective free zones. To secure all the required approvals, Bizvest can guide you apply with the documents. The type of documents varies based on the type of business activity, the company type and...
by admin | Aug 19, 2017 | FreeZone Company Formation Dubai
You can either buy or lease office spaces in free zones. Office requirements depend on the number of employees and type of business activity of your company. If you wish to set up your business in DMCC , there is a flexi desk of 20-30 sq. m., a flexi office of 200-265...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
The type of business license you will apply for depends on the primary activity of your business. Types of business activities you can conduct in a Free Zone depends on the Free Zone itself. For example, twofour54 focusses on Media and Broadcasting. In DMCC, there are...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
The free zone authority or the respective Department of Economic Development will have a set of rules on the permitted trade names and whether the intended name has already been registered. For example: twofour54 does not allow ‘Abu Dhabi’ and/or ‘United Arab...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
It depends from one Free Zone to another. There is no minimum capital requirement at twofour54 Abu Dhabi (this free zone is named after the geographical co-ordinates of Abu Dhabi (24° N, 54° E), catering to the demands of the region’s media industry. BBC, CNN, FOX...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
Businesses can set up one of the two types of companies: Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ Co.) Free Zone Establishment (FZE) The differences lie in the number of shareholders and whether the shareholder is a natural person or a...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
Determine the type of legal entity Choose a trade name Apply for a business license Choose an office space Get pre-approvals, register your business and get your license Freezone Company Formation Advisory Services Instant...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
Establishing a business in the freezone allows 100 per cent foreign national ownership and there is no need of a local sponsor or local service agent. Waiver of corporate taxes (time-bound and renewable for further periods) Freezone companies are exempted from...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
The main differences between an LLC and a free zone company (FZC) in the UAE are the mandatory requirements to open a business organization and the limitations of the business activities that are permitted. The limitation is that a free zone company can undertake...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
Businesses that: conduct insurance activities need to obtain the approval of Ministry of Economy conduct transport activities should obtain the approval of Ministry of Interior offer legal consultancies must obtain the approval of Ministry of Justice sell firefighting...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
Yes. In some cases, approvals of bodies other than the DEDs are required. Businesses that: conduct insurance activities need to obtain the approval of Ministry of Economy conduct transport activities should obtain the approval of Ministry of Interior offer legal...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
It is mandatory that all businesses should have a physical address. The chosen location must comply with the requirements set out by the Department of Economic Development in the respective emirate and the zoning regulations of the local municipalities. In Dubai, the...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
Yes. Foreign investors must obtain the approval of the General Directorate of Residency and Foreigners’ Affairs before getting the initial approval. Please be advised that the initial approval does not allow a foreign investor to practice the activity, unless a...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
After determining the activity and the legal form and registering the trade name, you need to obtain the initial approval certificate. It is only after seeking the initial approval that you can proceed for additional approvals of authorities other than the DEDs which...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
A trade name differentiates one business from another. It also reflects the nature and the form of the business. The following are some criteria for DED to approve your trade name: must not violate the public morals or the public order of the country must be followed...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
The following are the company types: Joint Liability Company Simple Commandite Company Limited liability Company (LLC) Public Joint Stock Company (PJSC) Private Joint Stock Company (PrJSC) Other types of companies: Sole establishment Civil company Local Company Branch...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
Joint Liability Company – A joint liability company can conduct only commercial and industrial activities. Limited Liability Company (LLC) – Limited Liability Companies (LLCs) have permissions to conduct any industrial, commercial, professional and tourism...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
Commercial – Commercial activities are the activities that require a capital. Some examples of this can be wholesale and retail trade, construction, transportation, communication, financial mediation, real estate and leasing. Professional – Professional...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
Select the type of business Determine the legal form of business Register a trade name Obtain initial approval Choose a location for your business Obtain approvals of relevant authorities Get your business license Secure a Chamber membership Advisory Services Mainland...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
Yes, a foreign company can open a branch in the UAE after maintaining a certified letter from the parent company and getting the approval of the UAE’s Ministry of Economy. Contact us to know more. Mainland Company...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
A local service agent (LSA) is a UAE national who assists a foreigner in the licensing requirements and other government-related matters in exchange for an annual fee. Business Augmentation Services Advisory...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
A professional type sole establishment Civil company with no engineering activity Foreign Company Branch Please note that a GCC national can be a partner in any form of business except: A representative office Simple commandite companies. Instant License Mainland...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
LLC companies Public Joint Stock Companies (PJSC) – it must have at least 5 founding members who are UAE nationals, owning between 30 per cent and 70 per cent of the capital shares PrJSC Companies Civil company with an engineering activity Mainland Company...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
Nationality of partners is a key factor in determining the type of business a person can set up on the mainland. Only UAE nationals can set up the following types of companies: Joint liability companies (partners must be UAE nationals) Simple commandite companies An...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
As mentioned above, Capital requirements for a company on the mainland depends on the legal form of business. For a Public joint stock company, the minimum capital is AED 30 million. For a Private joint stock company, it should not be less than AED 5 million paid in...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
Setting up a business involves raising capital investment, paying for licenses and employee visas. Also, the cost depends on: The nature of the activity and license required such as whether the business is commercial, industrial or service-oriented in nature. What is...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
The following are the Department of Economic Development in the UAE: Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman In Fujairah, the activities are overseen by Fujairah Municipality. Mainland Company Formation...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
The Department of Economic Development of the respective emirate is to be approached for ‘initial approval’ and registration the trade name. This can be done by either by visiting their office or through their eServices. Please note that only after seeking...
