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Company Formation in Dubai - Business Setup in Dubai

Published on : May 2015
Author(s):Sunil Thacker

Particulars COMPANY FORMATION IN JAFZA - JEBEL ALI FREE ZONE - DUBAI COMPANY FORMATION IN DUBAI AIRPORT FREE ZONE BUSINESS SETUP IN DUBAI MEDIA CITY COMPANY FORMATION IN DUBAI INTERNET CITY DUBAI GOLD & DIAMOND PARK Business Setup in Dubai Health Care City Dubai Multi Commodities Centre SHARJAH AIRPORT INTERN'L FREE ZONE COMPANY FORMATION IN HAMRIYAh FREE ZONE -SHARJAH COMPANY REGISTRATION IN AJMAN FREE ZONE RAS AL KHAIMAH FREE  ZONE
Location Dubai Dubai Dubai Dubai Dubai Dubai Dubai Sharjah Sharjah Ajman Ras Al Khaimah
Contact 800-JAFZA +971 4 299 5555 +971 4 391 4555 +971 4 391 1111 +971 4 362 7777 +971 4 324 5555 +971 4 424 9600 +971 6 5178231 +971 6 5263333 +971 6 7011555 800 7111
Infrastructure and Service Rating (1 - 5)  4.5 4.6 4.7 4.7 4.5 4.7 4.5 4 4.3 4 4
                       
Nature of licences- investor can obtain 1 or more licence Trading Trading Media & Marketing Software, Internet and Multimedia Manufacturing Health care Trading  and repairing Commercial  (limited to 3 products) Commercial Trading Commercial
  Service Service Event Management Telecommunications and Network Office Education Construction, Real Estate and Business Services Service  Service Service/ Professional Consultancy and Service
  Industrial Industrial Service Providers (includes freelance permits) Service Providers Retail Service Providers Hotels and Restaurants Industrial  Industrial  Industrial Industrial
  National industrial   Hotels & Property Management Hotels & Property Management   Hotels & Property Management Mining, Transportation, Financial intermediation and several others - - National Industrial  
                       
General trading Allows the holder to import, distribute and store all items as per Jafza rules and regulations Allowed in accordance with the rules and regulations of Dubai Airport Free Zone As per regulations of DMC As per regulations of DIC Allowed Not Allowed Allowed Allowed Allowed  Allowed Allowed
                       
Types of ownership FZE (Free Zone Establishment)- single shareholder FZE - single shareholder FZC-LLC, FZE, Freelancer Branch of a foreign or UAE based company FZE Free Zone Limited Liability Company Limitied Liability Company FZE - single shareholder FZE - single shareholder fze - single shareholder fze - single shareholder
  FZCO (Free Zone Company)- multiple shareholding FZCO - multiple shareholding maximum of 50. Branch of a foreign or UAE based company New incorporation of a Free Zone Limited Liability Company (FZ-LLC) with individuals as shareholders FZCO Branch of a foreign Company Branch company of foreign as well as local FZCO - multiple shareholding. Max 5 shareholders. In certain cases may extend to 7 shareholders FZCO - 2 to 5 shareholders. fzc - multiple shareholders fzco - multiple shareholding
  Branch of a foreign company  Branch of a foreign company  New incorporation of a Free Zone Limited Liability Company (FZ-LLC) with corporate entity/entities as shareholders New incorporation of a Free Zone Limited Liability Company (FZ-LLC) with corporate entity/entities as shareholders Branch of a foreign Company Branch of a UAE Company  Subsidary company of foreign as well as local Branch of a foreign company  Branch of a foreign company  Branch of a foreign company  Branch of foreign company
  Branch of a local UAE company Branch of a local UAE company New incorporation of a Free Zone Limited Liability Company (FZ-LLC) with individuals as shareholders - Branch of a local UAE Company - - Branch of a local UAE company Branch of a local UAE company Branch of a local UAE company Branch of a local UAE company
                       
Minimum capital required  An FZE registration requires UAE Dirhams 1,000,000/- or USD 272109. Capital for incorporating an FZE is AED 1000 or USD 273 For LLC minimum paid up capital is AED 50000 (USD 13606) except
Broadcasting TV segment and Broadcasting Radio Segment where minimum paid up capital is AED 2,500,000 (USD 680273)
New Incorporation of a FZ - LLC requires to show a proof of minimum capital of Dhs. 50,000/- or USD 13606. New Incorporation of a FZE and FZC requires to show a proof of minimum capital of Dhs. 100,000/- FZ-LLCs incorporated in Dubai Healthcare City are required to have minimum paid up capital of AED 50,000 for Commercial and AED 300,000 for Clinical Minimum share capital of a company is AED 50000 or USD 13606 per shareholder. FZE requires  AED  150,000/-(min ) or USD 40,817 FZE requires AED 150,000 or USD 40817. FZE requires min capital of AED 185,000 or USD 50,000/-.   FZE requires  AED 100,000/- or usd 27,247
  Capital for FZCO license is UAE Dirhams 500,000/- or USD 136055  FZCO  requires  AED 1000 or USD 273 per shareholder. (Maximum limit is 50. Each share should be in the denomination of AED 1000.  There are around 140 different types of licenses available and all have different minimum capital requirement.  Branch establishments have no formal capital requirements Capital requirement for each partner in case of partnership is AED 50,000/- Branch establishments have no minimum capital requirements. Different minimum issued share capital requirement can be changed for General Trading, Business Centre leases, Insurance Companies, Hotel Licenses or any other activity which authority may deem fit.  FZCO  requires AED 150,000/( min ) or USD 40,817 FZCO requires AED 150,000 or USD 40817. FZCO requires min capital of AED 500,000 or USD 136055   FZCO  requires AED 100,000/- or USD 27,247 
                       
Offices  Annual rent cost USD 14629 for 26.88 sqm in 1 story building. The annual rent cost from USD 517 - 681 per sqm in multi storey building. Insurance for single floor building is USD 28 while for others it is 1.10 per sqm.  Minimum space of 25 sqm is necesssary to obtain a license and four employee visas are granted with every 50 sqm of rented office space.   Investors have the option to lease commercial offices, executive office, executive desk, furnished office, and retail units. Details made available upon application. Investors have the option to lease commercial offices, executive office, executive desk, furnished office, and retail units. Details made available upon application. Investors have the option to lease office units on a flexible lease option ranging between 1 and 5 years. Spaces range from 310 square feet upto 14,000 square feet. Units are provided on shell and core or fully fitted offices options. A company can sponsor one employee per 80 sq. ft. of space leased. Land sales and leasing options are available in or next to the current developed zones. Lease and sale price vary based on size of office units/land parcels and these details are made available upon application.  Commercial properties available for freehold purchase or lease. Minimum office requirement for obtaining a trade license is 540 sq ft.  1. from 21 sqm - AED 34500 or USD 9388
2. from 24 sqm - AED 39600 or USD 10776 
Size from 15 sqm to 42 sqm Annual Rent of old building is USD 6806 or AED 25000.
Area is 16 sqm. The rent is new building is AED 1,500 per sq m
Offices - USD 4087 - 8719 from 17 sqm to 45sqm
Warehouses Warehouse Units available in different sizes varying between 313 Sqm to 1,110 sq m Light Industrial Units admeasuring 350 sqm and land sites admeasuring 2500 sq m available Land space available for hotels, property management and facilities management companies. Details made available upon application. Land space available for hotels, property management and facilities management companies. Details made available upon application. Investors have the option to lease manufacturing units on a flexible lease option ranging between 1 and 5 years. Spaces range from 310 square feet upto 14,000 square feet. Units are provided on shell and core or fully fitted offices options. N/A DMCC Tradeflow is a dedicated online platform for registering possession and ownership of commodities stored in UAE-based storage facilities. Please visit http://www.dmcc.ae/tradeflow to read more Land admeasuring 2500 sqm (minimum area)
From Dh.35 per sqm, US$ 9.35/sqm (rent)
Dh. 5 per sqm, US$ 1.36/sqm building permit. Warehouse admeasuring 125 sq m for AED 63,000/-;  250 sq m at AED 100,000/- and 400 sqm at AED 120,000/-
Prebuild warehouses admeasuring 276 sq m, 416 sq m and 276 sq m available on a twenty five year lease term renewable for further term of 25 years. Lease rates can be fixed for the first five years with a rent review at the end of this period.  Warehouse rent for 100 sqm warehouse is AED 350 per sq m and 500 sqm warehouse is available at AED 300 per sq m Different sizes between 1600 sq ft and 4500 sq ft. Standard size of 2200 sq ft with storage space, office, toilet and pantry
                       
Other Packages - Executive Suite - AED 12,000 per month includes manager desk, 4 workstations, 1 meeting table, furnitures and cabinets, 5 car pass - - - - Virtual office (e-Package) available for AED 13,000/- per month. - Two Packages available for investors. Package 1 priced at AED 25,000/- covers office rent for 10 sq m office, 1 year license (commercial or service license) fee, service charges, P O Box, telephone line charge and allottment of 4 resident visas (visa charges not excluded). Package 2 priced at AED 35,000/- covers all of Package 1 but allows investors to carry out general trading activity.  Pakcages range from AED 21,950. Package includes one license. General Trading License priced at AED 27,150. E-commerce license priced at AED 28,050. Capital requirement for above packages is set at AED 185,000/-  
                       
Refundable deposit Office, warehouse and showroom - 10% of annual rent payable once Security Deposit Depends on the activity.
Entity operating in Media Business centre Executive office - USD 2722 (AED 10,000)
Depends on the activity 15% of yearly unit rent is refundable security deposit.  Subject to application. Visa Deposit USD 953 or AED 3500 USD 953 (AED 3500) USD 1361 or AED 5000 Visa Deposit
  - - Freelancer using "Hot Desk" facility of media business centre - USD 1361 (AED 5000) - 15% of yearly rent for fit out deposit which is also refundable.  - - - - - -
Licence fees per annum  Trading license (7 Products) - USD 1497 (AED 5500) Trade  - USD 2722 (AED 10000) As per the activity As per the activity AED 5500 or USD 1497 As per the activity As per the activity General Trading  = USD 4082 or AED 15000 Commercial license (5 items)  = AED 2750 or USD 749 General trading licence - AED 9100 or USD 2477 General Trading - USD 4082 or AED 15000
  Trading license (12 Products) -USD 2449 (AED 9000) Services - USD 2722 (AED 10000) Freelancer (upto 3 activity) - USD 2041 (AED 7500) Upto 5 activities within the segment -  USD 4082 (AED 15000) - - - Commercial   = USD 2041 or AED 7500 General Trading License (more than 5 items)   = AED 12000 or USD 3266   trading -
1 activity - AED 3900 or USD 1062
2 activity - AED 5200 or USD 1415
3 activity - AED 6500 or USD 1769
Commercial - USD 994 or AED 3650
  Industrial License between USD 1497 (7 poducts) and USD 2449 (12 products) Industrial - USD 2722 (AED 10000) - Additional segments within Business Unit - USD 2722 (AED 10000)  - - - Industrial = USD 2041 or AED 7500 Industrial license - AED 2750 or USD 749 Service License -  AED 6500 or USD 1769 Industrial - USD 1361 or AED 5000 
  Service License fee  is USD 2177 (Branch of UAE based company). Logistics license (Branch of UAE based company)is USD 8164 per year. - - Additional segments from other Business Unit(s) except Broadcasting, Publishing and Manufacturing - USD 2722 (AED 10000) - - - Service = USD 2041 or AED 7500  Service  license -  AED 2750 or USD 749 Industrial License - AED 9100 or USD 2477 Consultancy/ Service - USD 2041 or AED 7500
  General Trading License - USD 8164 (AED 30000) - - - - - - Others types of licenses offered-

Aviation - USD 4082 or AED 15000
Real Estate - USD 4082 or AED 15000
Freight Forwarding - USD 2313 or AED 8500
- National Industrial License - AED 9100 or USD 2477 -
Registration of FZE USD 2722 (AED 10000)
1. Along with MoA and AoA attestation of 3 copies each - USD 55 each copy
2. Specimen signature - USD 14 per person
3. Board Resolution - USD 55 per person 
USD 2722 (Dhs. 10,000/-) Not Applicable Not Applicable Controlled by JAFZA Not applicable Depends on the activity USD 2,722 or AED 10000 AED 9000 or USD 2449 AED 100 or 28 USD 1905 or AED 7000
Registration of FZCO USD 4082 (AED 15000)

1. Along with MoA and AoA attestation of 3 copies each - USD 55 each copy
2. Specimen signature - USD 14 per person
3. Board Resolution - USD 55 per person
USD 4082 or AED 15000 AED 3500 or USD 953 AED 3500 or USD 953 Controlled by JAFZA FZLLC - AED 3500 or USD 953 Depends on the activity USD 2,722 or AED 10000 AED 9000 or USD 2449 AED 100 or 28 USD 1905 or AED 7000
                       
                       
Distance from Dubai airport - by car 40 minutes  10 minutes 30 minutes 30 Minutes 20 minutes 10 minutes 25 Minutes 50 minutes   40 minutes  45 minutes  2 hours 
                       
Type of port  JAFZA is a sea port  it is an air port Based in city limits Based in city limits Based in city limits Based in city limits Based in city limits it is adjacent to  sharjah airport  it is a sea port  it is a sea port near air and sea port 
                       
Sales in UAE  Sales can be carried out through an agent or distributor only at 4% custom duty. Free sales in UAE not allowed.  Sales can be carried out through an agent or distributor only at 4% custom duty. Free sales in UAE not allowed.  Dubai Media City offers licenses for entties engaged in services, broadcasting, hotels and leisure.  Dubai Internet City offers licenses for Software, Internet and Multimedia, Telecommunication and Network and IT services.  Dubai Gold & Diamond Park is a part of JAFZA. Company formation in freezone involves steps outlined hereunder. Dubai Health Care City offers licenses for health care services, consultancy, regional head quarters, hotels and leisure services and property management services.  Free Zone Company can do business in UAE through an LLC incorporated in mainland with import/export license.  Sales can be carried out through an agent or distributor only at 4% custom duty. Free sales in UAE not allowed.  Sales can be carried out through an agent or distributor only at 4% custom duty. Free sales in UAE not allowed.  Sales can be carried out through an agent or distributor only at 4% custom duty. Free sales in UAE not allowed.  Sales can be carried out through an agent or distributor only at 4% custom duty. Free sales in UAE not allowed. 

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