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How to Setup a Free Zone Company in Abu Dhabi
Categories Business, company, Free Zone, FREE ZONE COMPANY, How To

How to Setup a Free Zone Company in Abu Dhabi

Government initiates the company formation in the free zones of Abu Dhabi to promote foreign investment, thereby their protocol of business setup is straightforward, simple, zero bureaucratic barriers and are less-time consuming. The free zones are the independent jurisdictions that have a single-window administration and an expatriate entrepreneur for completely owning a company, without any partners from the UAE. Abu Dhabi Free Zone Authority has the independent government body issuing free zone operating licenses. They generally handle the non-resident company registration and assist companies to establish their business. The eight free zones of Abu Dhabi are:
Representative Office Setup Oman
Categories Business, Business Setup, company, Oman

Representative Office Setup in Oman

Oman has flourishing business platforms located in the Middle-East region. It opens the gateway of business owners to set up a business from scratch or expand the established entities.

One such form of established business expands themselves or enters the market by incorporating the representative office. This gives a clear idea on ways to incorporate the representative office in Oman for accelerating the business growth globally.

Representative Office

The representative office is the business structures formed by companies to carry non-transactional operations in new markets.

As per Omani Law, the representative office can be 100% foreign-owned, controlled and restricted for making direct sales in Oman. They're governed by the Representative Office Regulatory Law formed by the Ministerial decision number 22/2000. Their activities are limited to:

  • Market research
  • Parent company's promotion

It is mandatory for the Oman Representative Office to have one individual to be a resident of Oman.

Organizing the documents in a sequential manner makes the incorporation process easier. The necessary documents needed are:

  • Certificate of Articles and Memorandum of Association from parent company.
  • Commercial Registration Certificate
  • Authorization letter for manager of representative office
  • Undertaking letter for liabilities of the parent company.
  • Certificate proving the existence of a parent company
  • ID copies with authorized sign
  • Specimen sign of directors

Then you have to carry with the core establishment process of the representative office in Oman.

How To Set Up A Representative Office In Oman

Initial Capital Deposit

The initial capital must be deposited in the local bank after the company name registration.

License And Permit

Businesses have diverse activities for special permits. Get business permits and license to kick-start the organizational activities.

Tax Department's Application

After the permit, you have to apply in the tax department of the Finance Ministry.

Get Municipality License

You have to obtain the Municipality license.

Enrolling with Royal Oman Police

The business entity must be registered with the Royal Oman Police and are mandated for foreign companies.

Registration with the Ministry of Manpower

You have to register with a Ministry of Manpower to get local resources. It keeps the count of foreign and local employees and gives the clarity if more resources have to be hired or not.

Social Protection

The final step to end your registration at the representative office of Oman. You have to register the company for social protection and it ends with the Public Authority.

Looking for a Business Setup company in Oman? Call us today on +971 4240 6939 / +968 7819 8097

Tags: Company Formation in Oman, Business Setup Service in Oman, Oman Mainland Company Formation, Company Registration in Oman, Oman Special Economic Zone of Duqm, Oman Free Zone Company Formation, Sole Proprietorship Company Registration in Oman, Opening a Branch Office in Oman, Oman Joint Stock Company Formation, Salalah Free Zone Oman, Al-Mazunah Free Zone Oman, Sohar Free Zone Oman

 

Sole Proprietorship Company Registration in Oman
Categories Business, Business Setup, company, Oman

Sole Proprietorship Company Registration in Oman

Oman is an Arabian country located in the south eastern Arabian Peninsula. It's been on the priority list of business owners and international investors. For expansion or to start the new business setup at Oman, the location needs flexibility for investors to choose any one of them. Besides partnership firms, the location allows individuals to initiate with low capital, also called as a sole proprietorship. If you want to invest in Oman for a low capital, then choose a sole proprietorship firm.

Sole Proprietorship Firm

One of corporate structures is the sole proprietorship that gets initiated by the individual serving as the sole owner. The individual can trade on his account and gets a trade license on his name. Owner bears the rights of liabilities and assets.

Features Of Oman's Sole Proprietorship

  • Single person owned
  • No restrictions to close or start
  • Owner has the complete control
  • Low cost of compliance and formation
  • Unlimited liability for the owner
  • Losses and profits borne by the owner
  • No special legislation

Documents Needed To Set Up The Oman's Sole Proprietorship

  • Public Key Infrastructure enabled with ID card
  • Public Key Infrastructure enabled with Resident Card
  • Authorized Signatories Form
  • Individuals Identity Card

Registration Process Of A Sole Proprietorship In Oman

Minimum Capital
The individual must register their business entity for the minimum capital of 3000 OMR for initiating the sole proprietorship firm.
Liaise with Ministry of Commerce & Industry
The mentioned documents have to be presented at MOCI for initiating the registration process.
Register with Royal Oman Police
It is mandatory for the individual to register the business entity with ROP and get a good standing certificate. Few government approvals are needed to complete the registration process. Trade licenses are issued by the Ministry of Commerce and Industry. Then the core business practices are commenced to make the partnership firm. Tags: Company Formation in Oman, Business Setup Service in Oman, Oman Mainland Company Formation, Company Registration in Oman, Oman Special Economic Zone of Duqm, Oman Free Zone Company Formation
Company Registration & Business Setup Process in JAFZA
Categories Business, Business Setup, company, Free Zone, License

Company Registration & Business Setup Process in JAFZA

UAE's oldest free zone is JAFZA. They were founded in 1985. This is home for 7,000 local and international factories, local companies, manufacturing plants, logistics firms and assembling units. Jebel Ali Free Zone has access to the Jebel Ali Sea port and to Al Maktoum International Airport. They have a single customs area that reduces cargo clearance costs and times. Logistics, shipping and trading companies are located in this free zone. If you like to do business setup in Dubai, JAFZA has many benefits.

Logistic Corridor By Sea

Jebel Ali Port has the global open connectivities. This serves almost 150 shipping lines that are capable of managing 19 million containers per year.
By Air
Al Maktoum International Airport is the biggest cargo airport in the world.
By Land
The UAE region is equipped with the best highway link. This can make the cargo travel faster in Dubai and Emirates.
By Rail
Etihad rail is under construction. It links with JAFZA to the Arabian Peninsula.

Facilities

Jebel Ali free zone is the vast portfolio of facilities.
  • Plots of land
  • Warehouses
  • Showrooms
  • Customised development solutions
  • Offices
  • Business Park
  • Retail outlets
  • On-site residence
It is hard to get the flexi-desk for Jebel Ali company because of their low availability. If you like to start a business, consider the office space right now.

JAFZA Dubai Activities

Based on the kind of business setup in UAE, the license can be different. Some categories are offered like: Companies with the service activity are registered as a branch of the existing UAE Mainland entity. Industrial, Trading and Service Licenses are of two types. They vary based on the number of activities you have with the license:
  • First type- upto 7 products of the same group
  • Second type- upto 12 products from the same group
If you add extra activity for any other license type, it costs 500 AED. JAFZA company formation generally recommends dealing with international distribution, trading or logistics sectors.

JAFZA License Costs

The company setup in Jebel Ali Free Zone is reasonable if compared with other Free Zones. Jebel Ali Free Zone company registration are as follows:
  • 10,000 AED for registration fee
  • 5,500 AED for type 1 license
  • 9,000 AED for type 2 license
It is essential to have office space in this Free Zone. The smallest offices are 26.88 sqm with the 53,670 AED as the charge for an annual rent. The complete company setup in JAFZA , excluding the resident visas, can cost 86,935 AED. Besides the mentioned costs, it includes the document attestation cost, approval fees and establishment cards.

How to Start a Business

JAFZA company setup is also started without your presence. But you have to visit the free zone if the company’s documents are generated. Lists of documents needed for JAFZA company registration
  • Application form
  • Brief Project Summary
  • Passport copy
  • Business activities
  • Options of Company's name
Time-frame for the setup of the Jebel Ali free zone varies from 2 to 4 weeks. This depends on the type of facility and business activity you choose.

UAE Residence Visas for Jebel Ali

Jebel Ali Free Zone can make your company eligible for the resident visas. You'll have 1 resident visa per 10 sq meters of office space. Their visas can be valid for 3 years. Health insurance is needed for this free zone. The cheap package is 600-800 AED. Health insurance must be renewed every year.

Business Renewal

You have to pay for the company’s renewal. Renewal of the Jebel Ali free zone license can cost the same as JAFZA company registration. Company renewal is done without visiting the Jebel Ali free zone. You have to give the company's audit report during the renewal process. Audits are done through UAE license & accredited auditing companies. Licenses are renewed for three years in companies that have a plot of sublease and land facility.

Corporate Amendments

The amendments of JAFZA company can proceed without visiting the free zone. Amendments like
  • Changing name of business activity
  • Changing director or manager
The shares transfer procedure is required for visiting the free zone. It is also done by the person that holds a notarized Power of Attorney.

License Cancelation

Liquidation procedure needs the physical presence of the owner or may be done through the Power of Attorney holder. Free zone requests you to submit the original documents and pay the liquidation fee. The fee of license cancellation costs around 2,000 AED. Company closure can approximately take 1 month. JAFZA company register gives the certificate of liquidation on the completion of procedure. Jebel Ali Free Zone are suitable for the following process
  • International Trading
  • Importing And Exporting
  • Distribution And Logistics Manufacturing
The cost of company formation in Jebel Ali Free Zone is higher than other zones. JAFZA has all kinds of facilities. Company formation in the Dubai Airport free zone competes with them. Sea ports are substituted by the Airport. The free zones of Sharjah Airport International are larger than JAFZA, and have recommended registration options.

Benefits Of JAFZA Company

  • Largest UAE Sea port in free zones
  • Plots and warehouses of land
  • Retail locations
  • Faster bank account opening process
How to Setup Branch Office in Oman
Categories Business Setup

How to Setup Branch Office in Oman

The Sultanate of Oman is developing business hubs and they embrace the corporate structures. It's easy to establish the company in Oman, since it has business owners and international investors to operate the business. One kind of option is to establish a branch office. Here you can understand the process to initiate the branch office in Oman.

Branch Office

Branch means the division or extension of a core platform that has the same roots. If a business entity likes to expand their reach to another location, they take a step to establish the extension. This kind of business extension has small divisions focusing on human resource, marketing and accounting, that is known to be a branch office.

Ways to Open the Branch Office in Oman

Lifetime of the branch office at Oman deals with the contractual period of the Omani government entity or can be through a quasi-government entity. If the contract reaches the completion stage, commercial registration goes to the end. Establishing these corporate entities don't need the minimum capital requirements. The administrative set-up is easier if compared with the mother company.

Documents Needed for Opening a Branch Office in Oman

  • Application form to register the Branch Office
  • Memorandum & Articles Of Association Certificates
  • Company Establishment Certificate
  • Authorization letter to the Branch Manager
  • ID copies with authorized signatories
  • Authenticated letter from main office
  • Agreement's signed copy with the Omani government (date of commence, expiry and number of contracts).

Process for Opening a Branch Office in Oman

Submit A Request
The initial step for the request has to get submitted at the Investors Services Department saying that the branch office must be incorporated.
Signing The Application Form
Supporting documents have to be submitted with the duly signed application.
Collect The Application Number
Computerized system generates the application number along with the submission date to forward it to the applicant through the contact details and registered mail.
Check The Application Status
You have to acknowledge the status if the application is rejected or approved or it needs additional information.
Collection of Fee Payment And Certificate
The investor has to pay an amount for collecting the Certificate and registered papers that are needed by the Commercial Registration Office.

Benefits To Set Up The Branch Office In Oman

  • No minimum capital required
  • Branched completely owned by a parent company
  • Liabilities borne for the parent company
  • Less Administrative burdens
  • Gateway to new location
  • Dealing with Omani Government and enhances the goodwill
Tags: Company Formation in Oman, Business Setup Service in Oman, Oman Mainland Company Formation, Company Registration in Oman, Oman Special Economic Zone of Duqm, Oman Free Zone Company Formation
How to Register a Company in DMCC - Dubai Free Trade Zone
Categories Business Setup

How to Register a Company in DMCC – Dubai Free Trade Zone

Dubai Multi Commodities Center is known as DMCC. These can be the highly reputable free zones of Dubai. It is the biggest Free Zone that is 5 times awarded as the "Global Free Zone Of The Year". The company formation in DMCC has been the best to register a business in the Emirate of Dubai. They have 16,000 companies. DMCC has been the home to several large corporations.

DMCC Business Facilities

DMCC is near the area of Jumeirah Lake Towers, where residential and commercial towers can look like a city, that is inside a city. They have 2 metro stations and are convenient to the highways of Dubai. The Palm Jumeirah and Dubai Marina are across the road, while Downtown is just 10 minutes away. You can see offices, business centres, clinics, sport clubs, schools within the same area. DMCC companies have some facilities while you rent during the company formation.
  • Minimally required office space as flexi-desk facility
  • Serviced desk or office
  • Executive office in the business towers of JLT
  • Warehouse of JAFZA free zone
Business activities like professional services or conventional trading ends up with crypto commodities trading. You can open a clinic, shop, retail business, or a restaurant within the JLT area. This makes DMCC free zone company setup the best alternative for the Mainland company. It usually needs a local citizen as the sponsor. You can be the 100% owner of the DMCC. The license holds up to 6 business activities of the same group. It's double the average of the UAE.

DMCC License Costs

The cost for DMCC company set up have these fees:
  • DMCC License
  • One-time registration fees
  • Facility
  • Rent flexi-desk
  • Office
  • Warehouse
DMCC license cost has six related activities which are standard

Types of licenses 

Cost (AED)

Pre-approval 

1,035

License fee

 20,285

Flexi-desk 

17,500

Security deposit

1,000

Establishment card

1,800
One-time registration fee 

9,020

Memorandum and Articles

2,020
Total

52,660
DMCC Company Setup The DMCC company setup usually has 2 to 4 weeks of business activity. Most of the procedure can be remotely done. The shareholder must meet in person to sign the company’s legal documents on the authority’s offices. Company formation of DMCC has to deposit a share capital to the corporate bank account. Free zones are permitted for 60 days after licensing this procedure. The minimum share capital is 50,000 AED.

Documents For The DMCC Business Setup

  • Passport copy
  • Business plan for some activities
  • Utility bill

Some post-registration formalities are

  • Demonstration of company's capital to the DMCC authority
  • Auditors appointment
  • Getting stamp for the share certificates
  • Office inspection if you are in rent
Free zones have promotions for a few times a year. It has substantial discounts for the DMCC company formation.

Dubai Resident Visas

Visas can be valid for owners and employees for almost 3 years. Company owners may not get visa designation of Investors like other zones. But they can top the managerial position. Employees must have the managerial position in the visa to have attested educational certificates. If you apply for the resident visas of DMCC, you have to get health insurance before visa stamping. The insurance processing makes the visa procedure longer. Insurance and visas are taken care of by the business setup consultants of Dubai and are approved by DMCC.

Renewing DMCC License

Company's renewal prices are lower than the incorporation. A one-time registration fee is not charged. You have to pay only for facility fees and for the license. This can make DMCC companies to be reasonable for their maintenance. The company in Dubai multi-commodities center authority can give a number audit report if there is no commercial activity. Business setup consultants of DMCC must carry out the renewal procedure without the personal presence.

Company Amendments

The minor amendments of DMCC must be done remotely. For shares transfer, the personal visit of the owner or the power of attorney is needed. Average cost for the amendment is 4,000 AED. Few amendments are done for free at the license renewal. For instance, business activities can be added or removed if you renew the company. Other amendments are
  • Changing the company name
  • Changing the location
  • Adding or removing the company Manager

DMCC Company Liquidation

Company liquidation of the DMCC authority can be a substantial process. There are few steps to be taken:
  • Final audit
  • Newspaper advertising of company closure
  • Closure of bank account
  • Lease termination
  • Visas cancelation
  • License cancelation
The time frame is usually 2 to 5 months. Government fee can be 10,000 AED. The business setup consultants of DMCC shall take the liquidation as well. DMCC can be the perfect option if you like to open a real office within Dubai of the developed business community. If you start flexi-desk, they expand without the change of place for company registration. The cheaper option for business setup in Dubai can be IFZA or Dubai South.

Benefits of DMCC Company

  • Reputable free zones
  • Wide range of businesses
  • Central location
  • Incentives for Diamond and Gold trading
  • Regulated free zones for opening a bank account.
Oman's Joint Stock Company Formation
Categories Business, company, company formation, Oman

Oman Joint Stock Company Formation

Oman business and legal framework has a flexible way so any corporate structure can fit in their business arena. Investors everywhere from the world find Oman as a platform for the business establishment. The location is in demand for the present times. If you're an owner or business investor, looking to set up a business in Oman, you can choose to incorporate the Joint Stock Company.

Joint Stock Company

The Joint Stock Company has business structures where shareholders can sell or buy shares of the company. Joint Stock Company has a capital divided into shares that will be shared at an open market.

Oman Joint Stock Company

Oman has the platform for owners and business investors to initiate a Joint Stock Company. The companies which trade the shares publicly are called Public Joint Stock Companies. Omani rules for some essentials are
  • Minimum share capital must be 150,000 OMR
  • The minimum of two shareholders
  • 30% of shares held by an Omani shareholder
  • Get approval from Ministry of Commerce & Industry
Documentation is the essential role in the company’s incorporation process. Here are the important documents needed to set up the Joint Stock Company in Oman:
  • Oman legal guardian consent
  • Memorandum & Articles Of Association
  • Company’s Feasibility Study
  • Company’s proposed by-laws
  • Bank Certificate With The Deposit Of Initial Capital
  • Sponsor's Non-Objection Letter For Oman residents
  • Passport copy for foreigners
  • Certificate of Criminal record clearance for the foreigners
  • Financial stability proof
  • Certificate of Company Registration
  • Oman Company's Minutes Of Meeting

Process To Set Up The Joint Stock Company (Oman)

  • Name reservation for business entities
  • Applying to Director General Of Commerce (DGC) with aforementioned documents
  • Payment has to be made
  • DGC can respond within 30 days related to the confirmation of company's formation
  • Constitutive General Meeting needs to align with the registration process
  • Election of auditors and board members
  • Duly filed commercial registration form in Arabic, also signed in Registrar Office
If approved, the Company Registration certificate has to be collected.

Benefits To Form The Oman Joint Stock Company

  • 100% ownership
  • No personal or corporate tax
  • Strategic Location - open gates to Middle-East countries
  • Fast economy development
  • Friendly Government initiative
  • Natural resources
  • World class infrastructure
Tags: Company Formation in Oman, Business Setup Service in Oman, Oman Mainland Company Formation, Company Registration in Oman, Oman Special Economic Zone of Duqm, Oman Free Zone Company Formation
Best Ways to get a Real Estate License in Dubai and Start Your Real Estate Business
Categories Business, dubai, License, Startup, uae

How to Get Real-Estate License in Dubai and Start Real-Estate Business

The market has slowed since the past two years, but Dubai real estate still generates impressive returns. Excess 6% of yields makes Dubai’s property market to be more lucrative than prestigious cities. For instance, London gives an average yield of 4.4% when New York returns 4%. These returns make Dubai real estate attractive for investors all around the world. If there's a thriving investment market, there is a demand for related services like property management, brokerage and development. With the right support, these businesses are affordable and straightforward. Here you learn how to start your real estate company in Dubai.

Are you getting ready to start a real estate business in Dubai?

Either you wish to start a property management company, the real estate brokerage business, or become a developer, there are few steps to consider if applying for a license. You have to outline your business activity. It determines the kind of service you're permitted to provide. For instance, if listing a real estate brokerage as the activity then you can rent proof act like a representative for the seller of a property, manage property on behalf of owners and consult on property sales. Several property related business activities can be chosen from. It can be vital that the chosen activity aligns with the activities you like to carry out. You can work with a company formation expert at this stage.

Choosing The Company Name

UAE has strict rules while choosing the name for your company. You have to follow a set of naming conventions. A professional in company formation can help you with it. Avoid using offensive languages. Plus avoid names of known organizations, and abbreviations. For instance, use Dave Mann Consulting besides D Mann Consulting. You can check if your chosen name can be registered You have to establish your business in the mainland or free zone before making the license application. Free Zones like Fujairah Creative City have benefits like easy incorporation process, financial incentives, ongoing business support like zero currency restrictions and tax exemptions. Mainland can permit you to trade directly with the UAE market and has lucrative government contracts. The setup must be suitable for the nature of your business. A company formation expert will advise the best approach.

Real Estate License Application

The setup type, activities and name can make the license applicant start the real estate business in Dubai. For property management services and brokerages, you have to apply for the professional services license. Apply directly to the DED or to one of the UAE’S free zones. The free zones are cost-effective and straightforward to start the real estate company as well give benefits like zero percent corporate and personal income tax, and 100% tax exemptions. The United Arab Emirates has free zone businesses to repatriate the invested profits and capitals. They have no currency restrictions or foreign exchange controls. You need extra accreditation to operate in the United Arab Emirates real estate industry. Pass the Certified Training of Real Estate Brokers course to get approval from the real estate market. Once you take the course from the Real Estate Regulatory Authority and pass, you can be issued with the permit to start trading. Prior knowledge is required to start a business in the UAE. Note down the application process to submit them error free. It's best to work with the company formation specialist if establishing a new company in the UAE. They can guide you for opening a corporate bank account, handle your license application and find the suitable financial institution to match your specific needs. They provide visa and immigration services, handle work permits, visas and government formalities that are needed to trade in the UAE.
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