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Category Archives: Free Zone

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Company Formation in IFZA Dubai Free Zone
Categories company, company formation, dubai, Free Zone

Company Formation in IFZA Dubai Free Zone

The process of forming a company in the IFZA (INTERNATIONAL FREE ZONE AUTHORITY) is simple and rapid. It is best to proceed with a Registered Agent like Blackswan to prevent any blockages and to have a hassle-free Company Set Up. Throughout and after the company formation, our skilled staff will guide and help you. We will assist you in selecting the most cost-effective Business Package for you to start your dream company. For foreign investors looking to form a company, the International Free Zone Authority is the best option. Offices, warehouses, residential apartments, hotels, and retail outlets are all accessible in the IFZA Freezone. Several licence choices are provided (Consultancy License, Service License, Trading License, General Trading License, Industrial License, and Holding License), allowing small local to large worldwide businesses to be served effectively.

Company Formation Process in IFZA (International Free Zone Authority)

  • Make contact with Blackswan.
  • Request a call from one of our specialist legal and business consultants for information on the various Free Zone company formation packages, license costs, and visa requirements.
  • Select the appropriate Business Activity and reserve your company's Trade Name.
  • Choose the correct Business License Package (Flexi-Office, Shared Office, Exclusive Office) and Visa Quota for your business setting.
  • Submit Required Documents for inspection and payment.
  • Request a corporate bank account as well as additional certifications such as Customs Registration.

License Types Available in International Free Zone Authority

  • Consultancy License - Professionals can obtain a Consultancy License by offering skilled and professional consulting services.
  • Service License - permits you to create, re-create, transform, and distribute services.
  • Trading License - allows the licensee to trade the items listed on the license.
  • General Trading License - allows the licensee to sell a broader range of goods.
  • Industrial License - permits for the import of raw materials, production, re-production, manufacture, packaging, and export of finished goods.
  • Holding License - allows you to own freestanding assets and/or stock in other businesses.

Features of IFZA Free Zone Company

  • Brand partnership with the Dubai Silicon Oasis Authority, Dubai
  • Cost-effective Business Setup Packages starting at AED 13,900
  • Three-year IFZA license with a special price
  • Customized workplace Setup Solutions – Flexi Desk, Executive Office
  • Comprehensive variety of business activities – Consultancy, Service, and Trading choices
  • Fast and easy free zone company formation
  • No physical presence of shareholders is necessary
  • no physical office is required
  • no proof of share capital is required
  • 100% exemption from corporation and income taxes
  • 100% international ownership
  • no foreign currency limits
  • full repatriation of firm profits and capital
  • Ability to incorporate holding companies

What Makes IFZA Unique Free Zone?

  • At the Freezone, there is no requirement to submit an annual audit.
  • 3 year visa for owners and workers
  • No employee guarantee deposit necessary
  • Requirement of a passport copy.
  • Physical presence of company owners is not required
  • No physical office is required
  • Exemption from corporate and income tax
  • 100% profit repatriation

How Black Swan will Assist you?

Blackswan is one of IFZA's major business suppliers, with a strong staff of consultants that speak a variety of languages. Blackswan will assist you with your documents, legal compliance, and government approvals so that you may successfully register your business in the UAE.
Difference-between-UAE-Mainland-&-Freezone-Company-Formation
Categories company formation, Free Zone, FREE ZONE COMPANY

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
Categories Business, Business Setup, Free Zone, FREE ZONE COMPANY

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
Categories Business Setup, Free Zone, FREE ZONE COMPANY, How To, Tips

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 Choose the Best Free Zone in UAE
Categories Business Setup, Free Zone, uae

How to Choose the Best Free Zone in UAE

Free Zones in the UAE have their own body of governance that has special tax, customs and import regime, and are governed by their own framework of regulations. There are multiple free zones throughout the country. All these free zones have different procedures, prices and requirements that are constantly changing. They are in competition with each other and as a result, they introduce new products that lead to the change in market conditions. Therefore, it is important to make sure to ask agents that will help you set up to inform you of the latest news on what particular free zones are good for you. There are several things to keep in mind when you’re choosing a free zone to conduct your business activities in:

Type of business activity

Every free zone different sets of specific activities that it allows to be performed within the jurisdiction of the area. There are also regulations in what activities are permitted under a specific business license.
Facilities required
Every business required different kinds of facilities. IF yours is a business that required many meetings, one should opt for using an office facility. One should also keep in mind that setting up a business in a free zone means you cannot conduct it in the mainland.
Location
Ideally, the location should be in close proximity to transportation services and ease of access to your resources. This is a default regardless of where the business set up.
Capital Requirement
Each free zone has a different setup cost and a deposit fee. Depending on your budget and credit availability, you should properly research what suits you best and go for it.
License Requirements
Based on the activities you want your business to conduct, there are specific licenses that you need to acquire. Typically, there are three types of licenses - trading license, professional license and service license. Each fee zone might also require you to acquire an additional license.
Audit report requirement
Some free zones such as the DMCC require a financial audit report at the end of the fiscal year. Those zones that present an audit report are eligible to apply for loans and attract foreign investors whereas others are not. Depending on that need for your business, you can decide.

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How to start a business in Oman?
Categories Business Setup, Free Zone, How To, Oman

How to start a business in Oman?

Oman is a prime location and a future link between Asia and Africa. As such, starting a business here seems ideal, especially with the business-friendly atmosphere and the government’s initiatives in many sectors to bring in more investors. To start a business in Oman, you should research thoroughly about the country, the city where you wish to operate and the viability of the business solution.

Start a new Business in Oman

Research on the type of company
There are three main types of business models that you can choose. You can start an LLC with a local investor as a sponsor, or you can start your company in a free-zone. You can also open a branch of a foreign company in Oman.
Select location
Select the location of the business carefully. The site will impact footfalls, rent and sales. Free zones will give you more benefits on tax, but your business might be better suited to be in an area where you will get better traffic.
Get your documentation ready
Make a Memorandum and Articles of Association, get all the required documentation ready, open a bank account, have the investors visa and gather other required permits.
Reserve your company name
Ministry of Commerce and Industry operates under the Omani law and maintains a list of names for the business. Register your unique name with the MCI, according to the naming conventions of the Omani Law.
Start the incorporation process
Once all your documentation is ready, submit the company opening forms, bank certificates and other necessary documents to the Ministry of Commerce and Industry for approval.
Register with the Oman Chamber of commerce and Industry
Every business also needs to register itself with the Oman Chamber of Commerce and Industry (OCCI). They will give approval for your business to operate under the regulation of the Omani Law, and for compliance with commercial rules.
Managing Bank account
You should open a bank account initially to deposit the capital for investment. This bank account can be later converted into a current account once your business get all the necessary permission to operate.
Getting a visa for employees
Oman allows you to sponsor the visa for some of your employees to manage your business in the country. Make sure that the employee is registered under your business to get the visa. You will also be interested on:

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DMCC company formation process
Categories Business License, Business Setup, Free Zone, FREE ZONE COMPANY

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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