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Category Archives: FREE ZONE COMPANY

Difference-between-UAE-Mainland-&-Freezone-Company-Formation

Difference between UAE Mainland & Free Zone Company Formation

Mainland UAE

Mainland in the UAE is also called an onshore company. It is licensed by the Department of Economic Development (DED) of the related emirate which is allowed to do business in the local market as well as outside the UAE without any restrictions.

Free Zone UAE

More than 40 free zones are there in the UAE and the company is allowed to do business inside the same free zone which is incorporated within a designated jurisdiction of the emirate. Entrepreneurs requiring tax optimization opt for a free zone formation. As various benefits and incentives are brought out by the free zone authorities to the businesses set up in the zone.

Mainland vs Free Zone Company in the UAE

Ownership

100 % owned by foreigners.

Office Space

Mainland : Physical office space of a minimum of 200 sq. ft is mandatory for any mainland company in the UAE. Freezone : For a free zone company no office space is required where they can work without an office or can have virtual offices

Business Scope

Mainland : A mainland company is free to do business anywhere in the UAE. Business is allowed inside any free zone in the emirates. Freezone : Business (manufacturing and selling) outside a free zone is not allowed by a free zone company setup is not usually allowed to business outside its free zone.

Audit

Mainland : An audit is prepared at the end of every financial year by the mainland companies. Freezone : Auditing is not required for all FZ companies. A mandatory audit of accounts has to be dealt with by some forms of entities which includes free zone companies (FZCO) and free zone establishments (FZE).

Visas

Mainland : Depending on the size of the office/ work premises, a residence visa is given. Freezone : Depending on the size of the office/ work premises, a residence visa is given.

Capital requirement

Mainland : According to the legal form of business, minimum capital requirements for mainland company formation vary . Freezone : Minimum capital requirement depends on the emirate for a free zone company formation .

Govt Authorities for Company setup

Mainland : Permission from authorities like DED, Ministry of Labor (MIL), Dubai Municipality, Ministry of Interior (MOI) etc have to be taken. Freezone : For approval of any company inside its jurisdiction, free zones have their own rules and outside the free zone they don’t require approvals from authorities.
Setting-up-A-Company-in-Dubai-Free-Zone

Setting up A Company in Dubai Free Zone

UAE is a popular haven for free zones. One can find numerous free zones in Dubai. The Free Zone in Dubai is a magnet for the investors with a visionary appeal given its excellent infrastructure and elite standard of living. A Free zone in Dubai allows a foreign investor to retain 100% ownership of the company that is set up. They are also exempted from commercial taxes, export and import duties, building and property license fee, and land tax. These free zones are vouched as the best environment for any business activity given that it provides a secure and regulated business environment. Free zones promote growth, foreign investment and hence help the economy. Nevertheless, before you want to set up a start-up in a Dubai Free Zone, it is important to check a few pointers. For example, defining your business activity accurately is crucial for your business set up. This step of defining your company is the foundation of the setup process. This may turn nasty if you do not hire local legal guidance necessary for adhering the registration and incorporation protocols for your business. Hiring professional help regarding setting up of your business in Dubai free zone is an effective method to execute the paperwork and documentation process smoothly. Leaving the paperwork hassles to the professionals also makes you free to attend to your business introduction and development schemes in Dubai. Our services help you streamline the business set up process in the following free zones in Dubai.

DAFZA

Dubai Airport Free Zone(DAFZA), is a business destination offering lucrative opportunities for a variety of sectors. It is hence the fastest growing free zone.

DMCC

Dubai Multi Commodities Centre(DMCC) was earlier called as Dubai Metals and Commodities Centre. It is reputed to be the best base for a business in the UAE and Dubai.

Dubai Silicon Oasis

Dubai Silicon Oasis Authority is completely government-owned free-zone. It is known for promoting and facilitating cutting edge industry setups. Dubai South Dubai South free zone was earlier called as Dubai World Central. It is an excellent gateway to the African, Middle East and the South Asian markets.

JAFZA

JAFZA is currently the fastest growing free zones in Dubai. Its world-class infrastructure attracts investors from far and wide making it a popular business set up destination. Black Swan Business Setup Services LLC can help you in setting up of Free Zone Company in Dubai. Get Free Consultation Today Visit blackswanbss.com
Business Setup Process in Dubai South Free Zone

Business Setup Process in Dubai South Free Zone

Dubai South Company Registration : Business Setup Process in Dubai South Free Zone You are likely to come across an ideal ecosystem here at Dubai South Free-Zone, where you can actually set up your business and enjoy saving significant money and time. One cost effective option to initiate start-up internationally and in the UAE is Dubai South Zone, as its fast developing economy does help you to reap in its advantages. Similar to other free zones, the procedure to be followed is very much the same. However, regulations pertaining to submission of necessary documents vary. Application submission with valid legal documents: Application form is to be collected from the free-zone authorities. It can also be applied online. Once done, all essential documents that are mentioned clearly in the form are to be submitted. Activity and Name Approval: Proposed name of the company is to relate clearly with the intended business activities and is not to resemble any other existing names. Moreover, there should be obtained NOC (No Objection Certificate) for those activities which may need external approval. Invoice Issuance & Company Registration: Your company is to be duly registered in the portal, only after approval of the documents is completed. Then you are provided with an invoice which states payment of dues, if any. Fees need to be paid at the counter and there is some waiting time to obtain the license. To obtain Dubai Free-Zone license, there needs to be paid an annual fee of around AED 3,000 to 7,000, which varies significantly, depending upon the nature of the business and its activities. Sign & Collect License, Registration Certificate and Lease (if an office is rented): Approval form is to be duly signed. License and other essential documents are to be collected. If an office is being rented for the business, then lease agreement will also be required. See all License type provided by Dubai south free zone Black Swan Business Setup service can help you in entire business setup & company formation process in Dubai South Free Zone. Talk to our experts Today.

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how to start a construction-company in dubai

How to Start a Construction Company in Dubai

Setting up of Construction Company in Dubai is a Great Idea. Dubai is a land of opportunities! It has witnessed an immense growth and its skyline is dotted with eye-catching buildings including the tallest building in the world - the Burj Khalifa! As Dubai is racing ahead with a rising GDP, tax-free environment and a high standard of living, there is ample scope for many flexible business opportunities. Many new mega building projects are coming up in Dubai along with the economic boom and there is no better time than now to start a construction business in Dubai!

Steps for Construction Business Setup in Dubai

  1. Step 1: Determine whether you want to go for a company formation in Mainland or in the Free Zone.
  2. Step 2: Apply for registration at the Department of Economic Development (DED). A commercial license is required as construction business comes in the commercial sector category,  Read More
View all steps : https://bss.blackswanbss.com/construction-company-setup-in-dubai/
DMCC company formation process

Company Formation Process in Dubai Multi Commodities Center DMCC Free Zone

DMCC Free Zone Company Formation Process : Dubai, the business hub of the Middle East is on a growth trail! Many business zones have come up in Dubai to support its growth like the Multi-Commodities Center Free Zone, which is the fastest growing free zone in the UAE. The Dubai Multi-Commodities Center Free Zone, DMCC, is designed for trade, and has all facilities & amenities for business growth. The DMCC houses a vibrant community, world-class services, innovative infrastructure, and stunning properties, a stone’s throw away from Dubai city, the most strategic business hub of the world. This makes it a golden opportunity for the growth of commerce and retail sector. Apart from that, the Financial Times FDI magazine has crowned DMCC as the ‘Global Free Zone of the Year’ for 3 consecutive years. At the time of formation DMCC was set up as a leading trade hub and international commodities center. Today, the DMCC has developed as one of the finest choices for any business organization to start up its operations.

Company formation in Dubai Multi Commodities Center Free Zone

The Dubai Multi Commodities Center (DMCC) was incorporated in 2002, as a strategic drive of the UAE Government to allocate a competitive marketplace for a flourishing commodities center. Today, the DMCC has more than 15,000 registered companies under it which are actively operating in the Free Zone & every month more than 170 new companies join it as their business start-ups. Here’s a chance to set up a company in DMCC which will not just bring your company a brand presence but also facilities which are the prime

Features of DMCC Free Zone

  • Complete Ownership
  • Plug-and-play office
  • No currency restriction
  • Zero Tax
  • Full Access to premium trading commodities
  • Easy office lease services
  • Repatriation of business profits
  • import and export tax exemption
  • Connect with Business Community during exhibitions, event, and workshops

Types of Business License in Dubai Multi Commodities Center Free Zone

Business Sectors available in Dubai Multi Commodities Center Free Zone

  • Minerals and Metals
  • Automotive and Transportation
  • Telecom and Technology
  • General Trading
  • Engineering, and Machinery
  • Community and Personal Services
  • Healthcare and Hospital
  • Household and Personal Goods
  • Media and Marketing
  • Facility Services and Real Estate
  • Education and Financial
  • Logistics and Shipping
  • Food and Argo
  • Precious Stones and Metals
  • Energy
  • Professional Services

Company Formation Steps in DMCC Free Zone

STEP 1 : company type and Activity
  • Free Zone Establishment (FZE)
  • Free Zone Limited Liability Company (FZ-LLC)
  • Branch of Foreign or UAE based Company
STEP 2 : company type and Activity
  • Application form
  • A Business Plan
  • Copy of Passport
  • Copy of Visa
  • Residential address Proof
  • UAE No-Objection Certificate
  • Parent Company Documents (In case of a branch)
STEP 3 : Pay, Sign and Collect
STEP 4 : Choose a Office in DMCC
Black Swan business setup can help you in all the above business setup process in DMCC, Register your company in DMCC Today !.

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How to setup Company in DWC Free zone

How to setup Company in DWC Free Zone

Dubai World Central (DWC), Dubai's second airport and the world's future centre, is rapidly taking shape in the city's south, near the rapidly growing "New Dubai" neighbourhoods. DWC is located in the heart of a whole airport city. The government of Dubai has taken a positive step in positioning the city as a major global commercial hub. The biggest master planned free zone in the world, located on 140 kilometres of land near Jebel Ali Sea Port, transports a wide range of industries such as aviation, logistics, exhibitions, residential, and many other associated companies. DWC is now the world's largest and most important worldwide business, commerce, and aviation centre. The DWC headquarters are close enough to the Al Makhtoum International Airport, the Business Park Aviation, the Logistics District, the Aviation District, the Commercial District, the Residential District, the Golf District, the Humanitarian District, and the Exhibition District, all of which serve as strategic platforms for the expansion and growth of light industry, aviation, logistics, and other business services. DWC is strategically located to provide coordination and shipping throughout the GCC, the Middle East, and the rest of the world.

Benefits of company set up in Dubai South

  • Forming a company in Dubai South would provide you with 100 percent tax-free benefits, as well as 100 percent foreign ownership.
  • There is no corporate tax when forming a business. It will allow you to choose from a variety of high-quality commercial structures.
  • It will also provide you with flexible commercial leases.
  • It offers you the choice of forming a business in a free zone or a non-bonded zone.
  • The company is set up at a very low cost.
  • Setting up a company in Dubai would provide you easy access to Al Maktoum Airport.
  • Setting up a business in the Dubai South Free Zone will also provide you with the benefits of space and services, allowing you to run your business more efficiently.

Simple steps for DWC company formation

Contact us

Contact us now for a free consultation and conversation with one of our DWC company formation specialists, who will assist you with your licensing, business operations, and all other needs for your DWC company creation.

Application

At this point, we'll submit an application for DWC business creation, as well as three possible company names, personal information, and copies of the shareholders' and managers' passports. The application is expected to be approved in 7 to 10 days. Although the customer's presence is not required throughout the DWC business creation procedure, signed papers must be delivered to us in their original form.

Smart Desk

Following acceptance of the application, the DWC institution will issue the Smart Desk office contract, which must be signed by the company's shareholder or management. The signed contract must be provided to us in order for us to submit it to the DWC authorities.

DWC company formation and licensing

The DWC official will issue the certificate of incorporation, MOA, share certificate, and business license when the Smart Desk contract is submitted.

Establishment card

After the firm is registered, the establishment card will be given in seven to ten days. The establishment card will allow the firm to apply for the appropriate resident permits for the company's shareholders, managers, and workers.

Corporate bank account

After the registration and licensing, the company will apply for the starting of a corporate bank account. The presence of the shareholder or bank signatory in Dubai is compulsory for at least one day to sign the bank forms

Requirements for company formation in Dubai South

You must register as a Free Zone Enterprise and have a Dubai South business licence to create a DWC firm. DWC accepts applications for the registration of a Free Zone Enterprise from any business, partnership, organisation, or individual. For a LLC DWC company formation
  • Incorporation certificate
  • All shareholder gets Individual share certificates
  • Memorandum of Association of company
  • Articles of Incorporation of company
For Branch Registration certificates will be issued.

Types of trade license

Depending on the nature of your firm, DWC offers a variety of trade licences:
Is a local partner mandatory to start a business in the UAE?

Is a local partner mandatory to start a business in the UAE?

In Dubai & the rest of the UAE it is legally required to have a local partner (UAE national) for entrepreneurs and SMEs looking to invest in a Mainland company or LLC company for the first time. The local partner should hold the majority interest (51% shares) and maintain a controlling stake in the business for all activities that come under commercial or industrial licenses. This type of business start-up with a local partner is called a local LLC. Nevertheless, in the UAE, entrepreneurs and investors who apply for a professional services license have a simple way of getting complete ownership of the business. You only need a national service agent (NSA) who is fundamentally a local sponsor who does not have ownership but should be paid some sort of fixed-payment often as an annual fee in such cases. Registering your company in one of the free zones in the UAE is yet another option and here there is no necessity for NSA. Black Swan is your preferred choice to help in setting up business in UAE, Oman, Mauritius and UK . We can support you in all types of company registrations here and we make it easy for you to start your company. You need not worry about business start-up in a free zone. We at Black Swan, Help you in connection with the best sponsor or Partner in the UAE.

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Free Zones for industrial Setup in Oman

Free Zones for industrial Setup in Oman

Free Zones for industrial Setup in Oman : There are four free zones for industries in the Sultanate of Oman. Each zone focuses on the development of different business areas and investments. These zones permit all industrial activities like import of raw materials, processing, assembly and packaging, export of finished goods, storage and warehousing of products. The free zones are categorized based on the business areas they support. Select a zone based on your trade and business requirements. Listed below are the 4 free zones in Oman.

Al Mazunah Free Zone

Al Mazunah free zone is located near the Yemen border. This makes it a gateway to enter into the Republic of Yemen and East African countries, from the Gulf. This zone was established in 1999 and is a center for commercial, industrial and service sectors.

Salalah Free Zone

This zone is known for its low cost of labor, utilities, and infrastructure. It provides solutions to businesses that want to expand into the Middle East, Africa Southern Europe, and Asia.

Sohar Free Zone

This zone is one of the world’s fastest-growing ports. It is around 4500-hectare deep-sea port and deals with close to US $26 billion. This port is expected to take control of handling Oman’s National Food Reserve.

Duqm SEZ

Duqm SEZ (Special Economic Zone) is soon to become one of the biggest economic zones, covering an area of close to 1745 square kilometers. This zone is further divided into 8 sub-zones to accommodate different types of investments such as industries, sea-port, dry-dock, tourism, fisheries to name a few. Now, let us look into the advantages of setting up a business in Oman. Contact Black Swan for Free Zone Company Setup in Oman You will also be interested on:

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Documents necessary to establish business in Dubai South Free-Zone

Documents necessary to establish business in Dubai South Free-Zone

Given below are the list of Documents to establish business in Dubai South Free-Zone

Documents For Branch setup Dubai South Free-Zone

Given below are documents required to setup a branch office in Dubai south free zone
  • Incorporation certificate (duly attested, notarized and legalized)
  • Foreign language documents are to be translated into Arabic/English and done only by legal translators, attested and notarized.
  • MAA (Articles & Memorandum of Association) of parent company (duly notarized, legalized and attested)
  • Power of attorney or Signatory authority for 3rd party (duly signed, legalized and attested) to be done with Board resolution.
  • Branch (signed) to be established with Board resolution.
  • General Manager’s Passport copy.
  • Valid trade license or some equivalent (duly attested, notarized and legalized) along with good standing certification.

Documents For LLC company Setup in Dubai South Free-Zone

Given below are list of documents required to setup LLC company formation in Dubai
  • Incorporation Certification (duly attested, notarized and legalized)
  • Essential Foreign language documents to be translated into Arabic/English are to be performed by legal translators, attested and notarized.
  • Board Resolution providing power attorney or signatory authority for 3rd party (duly attested, signed and legalized)
  • Board Resolution for setting up a company (duly signed).
  • Manager/Secretary/Director’s Passport copy.
  • Good standing certificate along with valid trade license or anything equivalent (duly attested, notarized and legalized).
Read more on :

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