Thursday 17 August 2017

Understanding the Benefits that Companies get in Ajman Free Zone

http://www.dubaicity.com/wp-content/uploads/2012/08/Ajman-Free-Zone1.png 

 The Ajman Free Zone is located next to Sharjah and Dubai, which offers quick access to two international airports and four sea ports. This free zone offers several commercial advantages such as affordable office rental, centralized location, and easy availability of raw materials, outstanding business environment, low cost of living and economical operational expenses. At present, this free zone has 256 industrial companies and the export of products takes place in over sixty five countries across the world. Apart from this, the free zone offers a range of corporate benefits like:
  • 100% repatriation of capital and profit
  • 100% foreign ownership
  • Exemption from tax on profit
  • Exemption from income tax

The products manufactured by companies in the Ajman Free Zone with the National Industrial License and with a local sponsor, are eligible to get the UAE Certificate of Origin issued by the Ministry of Trade of UAE. In the nearby GCC countries, the customs duties are not imposed, provided in Ajman the production value is no less than 40% from the overall price of products.
Mentioned below are the categories in which the companies are registered in the Ajman Free Zone:
  • Food products, soft drinks and tobacco
  • Textile
  • Paper
  • Wood
  • Chemical and plastic products
  • Engineering and composites
  • Metallurgy
  • Professional/Service license: This is issued to the companies that carry on consulting activities.
  • Trading license: This is issued to the companies that carry on various types of trading activities.
  • National Industrial License: This is issued to the companies with a local sponsor who holds 51% stake in the company. This license is also provided to the companies that produce 40% of the total production in the Ajman Free Zone. This system does not necessitate the companies to pay customs duties on trading of products to the nearby GCC countries.
  • Industrial license: This is issued to the companies that carry on various types of industrial activities.
Among the various free zones in the UAE, the Ajman Free Zone is the one that offers the chance to register both offshore as well as onshore companies. Other Free Zones which offer this chance include the RAK Emirate Free Trade Zone and Jebel Ali in the UAE.

Thursday 13 July 2017

Here’s How to Obtain a Business License in Dubai


Entrepreneurs who want to expand their business to have a global foothold prefer Dubai. In fact, Dubai tops the list as the most preferred destinations for setting up business because of the several benefits offered by Dubai Government. Despite having industry friendly policies for foreign investors and businessmen, just like any other country in the world, Dubai also has certain rules, regulations, laws, and criteria that need to be fulfilled when it comes to setting up a business here.

As a businessman, if you want to start doing your business in Dubai, you will first need to get a business license to register your company.


Obtaining a license in Dubai involves some basic steps that a businessman must follow. Let’s take a glance at them, one by one:

Any type of business in Dubai needs to obtain a trade license, and the requirements for the same differ depending on the business type. Trade licenses in Dubai are basically of 3 types, namely:

  • Industrial License: This type of license is provided to those who are interested in manufacturing or any industrial activity.
  • Commercial License: This is issued to all those companies who will engage in any type of trading activity.
  • Professional License: This is provided to professionals, service providers, craftsmen, and artisans.
In Dubai, The Department of Economic Development has the authority to issue these licenses to the companies.

Approvals that are required for obtaining business license in Dubai are as follows:

  • Approval of the UAE Central Bank is required for the issuance of licenses for banks and financial institutions.
  • Approval of the Finance and Industry Ministry is required to issue licenses to manufacturing companies.
  • Approval of the Economy and Commerce Ministry is required to issue licenses to insurance companies.
  • Approval of the Health Ministry is required to issue licenses to companies dealing with medical and pharmaceutical products.
  • Approvals from other government agencies are required for gas or oil production companies.
  • In addition to it, the Dubai Chamber of Commerce and Industry also has an intervention in business registration.
Procedure for company registration in Dubai
  • Find a sponsor or local partner.
  • Get approval for the company name and activity from Department of Economic Development.
  • Search for business premises and make a tenancy agreement.
  • With a local partner, make a Memorandum of Association (MOA), and submit the same to Department of Economic Development (DED).
  • Submit the MOA and the License application at Department of Economic Development along with the required legal documents and the tenancy agreement.
Pay for all the charges and fees, and after that, you will have to wait for a week or so to get the license. 

Thursday 25 May 2017

Hire a Business Mgmt. Consultancy Firm to Set Up an Offshore Company in Dubai

For companies looking to expand their businesses, opening offshore companies in Dubai can prove to be extremely lucrative. The industry friendly economy of Dubai and the various free trade zones in the region, make Dubai a favoured location for setting up offshore company. However, before you can start your offshore company or a limited liability company in Dubai, you have to register your firm, as per the trade laws of the Dubai government. To make it easier for you to register your company in Dubai, you should hire the services of a business management firm. Some of the services offered by business consultancy firm, to set up offices in Dubai have been discussed below.


Hire a Business Management Firm and Start your Offshore Company in Dubai with Ease

For business registration in Dubai you will first have to select the service that your company will provide. A business management firm providing company registration service in Dubai will guide you regarding, the business category under which, your company can be grouped. Your company’s services must fall under one of the two thousand business activities allowed in Dubai. Once, you have selected the business activity, the consultancy firm will ensure the registration process is complete quickly, by providing the following services:

  • The company will help you to apply for and obtain the no objection certificate from the Dubai Government. To set up office in Dubai, you must obtain a NOC from the government.
  •  If you want to set up your offshore company in a free trade zone in Dubai, the business management firm will discuss with you suitable free zones, wherein you can set up your company.
Thus, in order to ensure that you receive customized services, with regard to registration of your Dubai offshore company, it is advisable that you hire the services of a renowned business consultancy firm.


Tuesday 25 April 2017

Why is Free Zone Company Setup in Dubai Profitable?


Over the years, Dubai has emerged as one of the most popular investment destinations. This is because of numerous factors that have worked in favour of Dubai like its strategic location and the efforts of the government to make it an internationally viable destination. On the top of that, the business-friendly policies that promote fruitful investment forms like Free Zone Companies attract huge number of investors each year.

Benefits of Free Zone Company Setup

  • Being 100% tax-free Dubai is a tax haven.
  •  Unlike any other types of business setup like the Limited Liability Company Formation, Free Zone Company allows 100% ownership to the investor.
  • The investor is allowed to retain profits and investments of the organization with him.
  • A Free Zone Company owner is allowed to open and maintain liberal bank accounts.
  • These liberal bank accounts can be multi-currency bank accounts.
  • The Free Zone Company can conduct its business with the other companies in the Free Zone Area.
  • The Free Zone areas in the Dubai have become an attractive business destination on account of its strategic location. The Free Zones are situated in close proximity to the airport and the seaport.
  • An organization enjoys common facilities at the free zones.
  • The investor is offered the UAE resident visa.
  • UAE Free Zone Company has an amazing business environment.
  • Free Zone Company has a fast incorporation time. The Dubai free zone company registration can take as less as 3-4 working days.
  • No restrictions on currency.
Why seek the services of a Company Registration consultant?

By seeking the services of a consultant, you ensure faster and assured company registration in Dubai Free Zone. This is because the consultant will educate you about the rules and regulations that govern the Dubai Free Zone Company setup.  Most consultants also offer to act as your local agents to put together all the required documents and formalities.

Monday 24 April 2017

Benefits of Opening Up a Business in the UAE Free Trade Zones

For foreign investors, investing in the UAE free trade zone is quite a lucrative option. The free zones are set up all across the United Emirates in order to attract investments from the foreign businessmen. If you are a foreign investor who is looking to set up a business in UAE, then setting up your business in the free zone will give you a head start in the right direction. The companies which are operating under the UAE free trade zone have a different set of laws governing them. The operating laws of the free zone companies all across the United Emirates vary, however, the basic feature of these companies remain the same. 
If you are a foreigner looking to set up a business in UAE but are not very sure about its benefits, then given below is a list of the benefits of setting up a company in the UAE Free Trade zones:

  • Setting up a business here will ensure that you have total control of all the activities of your business.
  • With a business in these trade zones, you will be able to enjoy the entire profit earned by your company
  • In most of the cases, you do not have to give any tax either for your personal income  or even for the corporate gains, whenever you set up business in these zones
  • The operational cost here is much lesser
  • There are no restrictions applied to the currency of the different countries
  • You have the option of operating your business 24/7
  • The working environment and the infrastructure in the UAE Free Trade Zones is excellent
  • There are also factories, warehouses, and free built offices present.
  • The entire start-up process of the company including the licensing procedures of the company is very fast.
  • There are plenty of transport links available which include communication by sea, road, and air.
Therefore, it is quite clear that establishing a business in the UAE Free trade zone, is quite beneficial. 

Sunday 20 November 2016

All You Need to Know About Free Zone in Dubai

Dubai is one of the most prosperous economies in the world. Being one of the leading centers of art, culture and commerce, it has become a lucrative destination for investors. However, there is a wrong notion among many entrepreneurs that setting up a business in Dubai is very troublesome.
Most of them consider that there are limited types of company incorporation. Only a handful of them are aware of the other setup possibilities like Representation/ Branch office, Offshore Company, Free Zone Company etc., and most of them solely consider the business set up rules of LLC Company.
Free Zones in Dubai

In order to ensure entrepreneurs can earn huge profits, there are several Free Zones in Dubai. These zones are special economic zones where foreign investors can carry out their business at ease. One can own a business in some of the following forms mentioned above. Dubai has the maximum number of Free Zones among all the other emirates of UAE and thus is one of the fastest growing economies in the world.

Benefits of Free zone company setup in Dubai


Free zone company setup in Dubai is encouraged because there are several benefits which are as follows:

  • A Free Zone company formation allows 100% foreign ownership. 
  • An organization can enjoy 100% conversion of capitals and profits. 
  • It is free from personal and corporate taxes and need not pay any custom duties and import and export taxes. 
  • There are minuscule restrictions on recruiting labor.
  • A free zone company can share services and collaborations with other companies in the free zone. 
  • The incorporation process of a company in the free zone is faster and easier than incorporation outside it. 

How to setup a Free Zone Company in Dubai 


There are a few basic requirements for business setup in Dubai free zone like:

  • One needs to acquire a trade license to conduct business in Dubai. This license should be renewed annually. Therefore, to acquire the trading license at the earliest ensure the nature of your business as not every Free Zone allows every kind of business. 
  • It is important to have an office with the company’s name in the Free Zone. One can rent a place to set up his office. 
  • A company should have a manager who would be the authorized acting representative of the company. 
  • It must have a shareholder.

Even though there are several advantages of business setup in Dubai free zone, there are a few limitations as well, for example, a Free Zone company is not allowed to trade directly with the UAE market.

Role of Business setup Consultants in Dubai 


It is often suggested that an aspiring entrepreneur should probably seek the services of a business setup consultant in Dubai. This is because; the consultants with the team of experts will give you customized insights based on your type of business. This makes the business incorporation easier and faster. The consultants also offer other business management services like account outsourcing, payroll outsourcing etc., which can be used at later stages of your business.  

All You Need to Know About Free Zone in Dubai

Dubai is one of the most prosperous economies in the world. Being one of the leading centers of art, culture and commerce, it has become a lucrative destination for investors. However, there is a wrong notion among many entrepreneurs that setting up a business in Dubai is very troublesome.
Most of them consider that there are limited types of company incorporation. Only a handful of them are aware of the other setup possibilities like Representation/ Branch office, Offshore Company, Free Zone Company etc., and most of them solely consider the business set up rules of LLC Company.
Free Zones in Dubai

In order to ensure entrepreneurs can earn huge profits, there are several Free Zones in Dubai. These zones are special economic zones where foreign investors can carry out their business at ease. One can own a business in some of the following forms mentioned above. Dubai has the maximum number of Free Zones among all the other emirates of UAE and thus is one of the fastest growing economies in the world.

Benefits of Free zone company setup in Dubai


Free zone company setup in Dubai is encouraged because there are several benefits which are as follows:

  • A Free Zone company formation allows 100% foreign ownership. 
  • An organization can enjoy 100% conversion of capitals and profits. 
  • It is free from personal and corporate taxes and need not pay any custom duties and import and export taxes. 
  • There are minuscule restrictions on recruiting labor.
  • A free zone company can share services and collaborations with other companies in the free zone. 
  • The incorporation process of a company in the free zone is faster and easier than incorporation outside it. 

How to setup a Free Zone Company in Dubai 


There are a few basic requirements for business setup in Dubai free zone like:

  • One needs to acquire a trade license to conduct business in Dubai. This license should be renewed annually. Therefore, to acquire the trading license at the earliest ensure the nature of your business as not every Free Zone allows every kind of business. 
  • It is important to have an office with the company’s name in the Free Zone. One can rent a place to set up his office. 
  • A company should have a manager who would be the authorized acting representative of the company. 
  • It must have a shareholder.

Even though there are several advantages of business setup in Dubai free zone, there are a few limitations as well, for example, a Free Zone company is not allowed to trade directly with the UAE market.

Role of Business setup Consultants in Dubai 


It is often suggested that an aspiring entrepreneur should probably seek the services of a business setup consultant in Dubai. This is because; the consultants with the team of experts will give you customized insights based on your type of business. This makes the business incorporation easier and faster. The consultants also offer other business management services like account outsourcing, payroll outsourcing etc., which can be used at later stages of your business.