Beruflich Dokumente
Kultur Dokumente
Prepared By:
Kamran Khan
Roll No. SMBA 13025
CONTENT
INTRDUCTION OF UAE
The United Arab Emirates (UAE) was established on 2nd December 1971 and is a federation of
seven emirates, namely: Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah, Umm Al Quwain, Ajman
and Fujairah.
The United Arab Emirates is situated in the Eastern part of the Arab world. It overlooks the Gulf
of Oman to the East and the Arabian Gulf to the North. The Arabian Gulf and Gulf of Oman are
linked by the Hormuz Strait. The UAE covers an area of approximately 83,600 square
kilometers (32,654 square miles), including numerous islands. The coastal area consists
primarily of salt marshes. Inland, the topography is predominantly desert, sand dunes and gravel
plains with isolated oases, the largest of which are located at Al Ain and Liwa. The Hajar
Mountains lie close to the sea on the East coast.
The Emirates have a common cultural heritage but the tribal links are very strong within each
Emirate. Abu Dhabi is ruled by the Al Nahyan family, which belongs to the Bani Yas tribe.
Dubai is ruled by the Al Maktoum family, which belongs to the Al Bu Falasah tribe. The other
emirates are also ruled by various families, which belong to powerful tribes of the respective
regions.
The three most populated Emirates are Abu Dhabi, Dubai and Sharjah; more than 80 percent
of the total population belongs to these emirates.
The official language is Arabic, and all communications with the government must be in Arabic,
although among the expatriate communities various other languages are spoken. Foreigners will
find that English, Hindi / Urdu and Malayalam are widely understood. English is used for all
written communication between businesses.
time finding a workforce that fits the needs of the company and also the policies and objectives
of its operations.
For instance, you can consider starting a company in Jebel Ali Free Zone, Dubai Internet City
Free zone, or in Dubai Airport free zone amongst other places. When you understand the basic
advantages you accrue from getting into this market, it is time you get advice from experts. Get
assistance from a team that has the skills to help you follow the required legal structure when
setting up a free zone establishment. This includes registering your company so that it is
recognized and regulated by the necessary authority because as much as they allow you to trade
freely, they also want you to stick to the legal expectations.
There is a specific minimum capital expected for the company to be approved for business in this
region. The experts helping you with the establishment will inform you about this requirement
plus the duration it will take for the authority to go through your application before issuing a go
ahead. This duration helps in analyzing your objectives as well as the area of specialization
because your company should benefit the region. This application must also be made along with
any documentation required in order for your company to be registered. In addition, you might
need assistance with the contracts your company will use for activities such as recruitment and
shareholders agreements amongst others. You want these legal documents in the format and
structure that is acceptable in the law of the land when moving to this region.
According to the requirements, your company can have one shareholder only and still sail
through the registration. The team giving you this help has the skills and experience to handle
such sensitive matters and do so within the legal framework of the region. On the same note, get
advice about the state of the economy and other aspects that determine how your brand will be
viewed or accepted. This means understanding the buyer behavior or customer response prior to
starting the business so that you can position your company strategically.
The analysis will include the number of strong brands that have a stake in the region, and ones
that will give you the hardest time as you penetrate the market. This kind of research is essential
and it would be ill informed to go on setting up a free zone establishment without understanding
what you are up against. You also learn about the underlying factors in relation to the type of
company you want such as a partnership, public company or even a private one. This information
is more accurate when received from a person who has assisted other companies in the same
region, and hence, he or she knows the loopholes and what may happen if the company gets in as
public or private.
Remember, all this is based on the legal standing of the authority in the region. In addition, you
will get the right services depending on the area of specialization of the company you want. For
instance, if your company deals with the salon industry, you need information that relates to this
sector and it will not be the same case for a person who wants a company that handles fish
farming. When dealing with a team of experts who provide assistance in a variety of sectors and
fields, there are no chances of overlooking any important steps in the formation, only to regret
afterwards.
Another area of concern is the immigration rules and requirements. If you have done business
out of your country before, you know that one of the obligations is ensuring that the workforce or
you is permitted by law to be within the boundaries of the destined country. You cannot ignore
this. Whether you want an employment visa or a visit visa, you must ensure this part is covered
adequately. You should also know the reasons that may prompt authorities to cancel your visa or
worse have you deported.
This helps you know the parameters to maintain. Find out about activities that affect the working
life for your company such as the licensing of company vehicles, renewal of free zone licenses
and visa as well as getting a postal address and how to collect mail. In essence, there is a lot for
you to do and it all boils down to getting your facts right and seeking information that will ensure
your company is accepted and within the legal expectations of the region. There are so many
companies that have taken this road before after realizing they have a niche. You want to do the
same and ensure you can survive the hostility that comes with moving into a new region; some
of it positive while other forces might show you that your company cannot last. Just do your part.
This means you also need to learn about the demographics of the region, learn the languages
used in the land and the economy of the area, so that you can adapt everything you bring on
board to suit the market when setting up a free zone establishment.
The UAE offers 3 different styles of operating environments for companies to conduct business.
On-Shore- companies are normally used to trade within the local UAE market. There are several
types of On-Shore companies which can be incorporated. On-Shore companies require a UAE
National to act as an Agent or company shareholder.
Free-Zone- companies may be 100% owned by expatriates (no need for a UAE national
partner). Business can be conducted within the UAE with some restrictions.
Off-Shore- companies may be 100% owned by expatriates. Often used as asset, property or
holding companies for other businesses inside or outside the UAE.
Free transfer of funds and stable currency linked to US $ and Abundant and inexpensive
energy.
Unlimited work force with economical wage structure and No hidden fees and taxes.
Waiving of currency restrictions and Competitive leasing / renting rates for office, prebuilt warehouse, high and medium rise building and vacant land for large projects.
Strategic location between East and West and Access to over 1.6 billion consumers with
rapidly demanding and affluent consumer market in the region.
A Free Zone Company is not allowed to trade directly with UAE market.
The Free Zone Company can undertake the local business only through the locally
appointed distributors.
Registered within a Free Zone, the Offshore Company has several of the benefits of a standard
Free-Zone Limited Liability Company (FZ-LLC) but is not intended as a substitute for a FZ-LLC
company
An Off-Shore company can conduct business outside of the UAE - but generally not within.
However, it can open and operate bank accounts with UAE-based banks, can own investments
inside and outside of the UAE and can also own real estate in Dubai in certain designated areas
(which are approved by the Free Zone registrar). Income derived from its investments (including
real estate) can be held in the company bank account and repatriated thereafter.
Unlike other Free-Zone companies, there is no minimum capital requirements for an Off-Shore
company to incorporate.
A minimum of 2 directors (maximum of 5) are required, all of whom must be natural persons (no
corporate directors). Shareholder(s) may be either natural persons or corporate entities, any of
which may also be non-resident (expatriates).
Off-shore Companies should be established in one of the offshore business centers. In the UAE,
Jebel Ali Free Zone was the first body offering such legal entities, but these are now offered by
RAK Free Trade Zone and Ras Al Khaimah Investment Authority (RAKIA). An off-shore
company does not need a minimum capital for incorporation and it is optional to appoint a
managing director. However, the company must be founded through an agent. (Each off-shore
center has a list of certified agents). An off-shore company is deemed to exist in an off-shore
jurisdiction; neither the shareholders nor the directors (if any) can obtain a residence permit
under an off-shore company. An off-shore company is restricted from carrying out business in
the UAE, whether inland or in a Free Zone area; it can only carry out its activities abroad. It,
however, can open a bank account in the UAE in order to carry out business transactions.
Commonly, an off-shore company is the best vehicle for foreign investors to buy real estate
within the freehold areas, under the name of the company. The reason for this is that on occasion,
the developer stipulates that the buyer should be a UAE legal entity. This condition is sometimes
imposed on the developer by the planning Authority which determined the freehold area. Apart
from the reason mentioned above, there are considerable advantages for a foreign investor to
have his/her real estate under an off-shore company's name. Firstly, to avoid the compulsory
application of Islamic Sharia Law on inheritance issues and secondly, the reselling of real estate
can be simply made by transferring the shares of the off-shore company to the buyer.
The basic requirement for all business activity in Dubai is one of the following three categories
of licenses:
- Commercial licenses covering all kinds of trading activity.
- Professional licenses covering professions, services, craftsmen and artisans.
- Industrial licenses for establishing industrial or manufacturing activity.
These licenses are all issued by the Dubai Economic Department. However, licenses for some
categories of business require approval from certain ministries and other authorities: for
example, banks and financial institutions from the Central Bank of the UAE; insurance
companies and related agencies from the Ministry of Economy and Commerce; manufacturing
from the Ministry of Finance and Industry; and pharmaceutical and medical products from the
Ministry of Health.
More detailed procedures apply to businesses engaged in oil or gas production and related
industries. Practicing some trade activities (e.g. jewelry and insurance) requires the submission
of a financial guarantee issued by a bank operating in Dubai. In general, all commercial and
industrial businesses in Dubai should be registered with the Dubai Chamber of Commerce and
Industry
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Companies will have a limited liability status and the possible name suffixes are
Limited or Incorporated or their abbreviations Ltd or Inc.
No minimum capital requirement
Requirement to have an approved registered agent either within the Free Zone or in the
Emirate of Dubai
Requirement to appoint shareholder, Directors, Manager and Secretary
Bearer shares are permitted. However, the bearer shareholding is permitted with a
restriction that it shall be held by the registered agent acting as a nominee on behalf of
the beneficial shareholder. The beneficial shareholders details and any change thereof
would be required to be furnished to the RAKFTZ
Shares can be of different classes
Provision for the shareholders / members to apply for the inheritance law of their choice
No personal or corporate income tax
No requirement to have the accounts audited on an annual basis
To attract investments of expertise and capital, the governments of the individual Emirates seek
to provide an attractive business environment. The following are some of the principle features
of the economic and business environment in the UAE:
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Free Trade Zones that ensure ease of registration and efficient operating facilities An
attractive social environment, including modern educational, medical and recreational
facilities
Liberation of property ownership, which is one of the factors contributing to the UAEs
booming property market.
The Governments far-sighted planning and fast execution of projects has led to the most
phenomenal development in the second half of the last century - the rise of a city, the emergence
of a new economy.
Strategic location.
Accessibility.
Stability.
World-class infrastructure.
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Leasing option
Export suitability
Types of business enterprises
Minimum rent of the office
Minimum size of the office
Cost of capital and registration
Cost of license fee
Formation period
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A freer zone company must be set up with careful study of what alternative
zones are available.
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1. The first requirement to set up a free zone company in UAE is to decide who will the
shareholder. You or your home company. Normally when you have more than one shareholder
the suffix is FZ-LLC otherwise it is FZE Free Zone Establishment.
2. Thereafter you need to decide the share capital. Many free zones have the requirement for a
minimum share capital. This is always given in UAE Dirhams (AED).
The share capital is per shareholder in some free zones and in others, it is total for the company.
Starting from AED. 150,000 it goes up to AED. 1 million in the case of Jebel Ali Free Zone.
3. You need to decide the company name and who will be the Manager of the new company. The
Managers name appears on the trade license. A choice of final company name is made by the
free zone authorities from 3 alternatives submitted by you.
4. If your home company is the shareholder then you must get the certificate of incorporation and
memorandum of association attested by the local UAE embassy. This costs time and money.
Your home company must also pass a board resolution to form the free zone company in the
UAE. The board resolution must mention who the Manager will be. This resolution must also be
attested.
5. Next, an application for the name and activity is made for approval. Once this is done, the
application in detail must be submitted.
6. The application form for the free zone along with passport copies of the shareholders and the
Manager must be submitted to the free zone authorities.
If the shareholder is a company then the company documents (attested) with the passport copies
of the Manager must be submitted. Some free zones ask for a business plan in brief.
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7. A preliminary approval is granted and a letter to open a bank account is issued for the investor
to deposit the capital. This capital must be retained until the License is issued.
8. After depositing the capital in your bank account the bank will issue a letter. This is to be
submitted to the free zone authorities to complete the legal process of registration.
This process involves payment of license and registration fees, lease rent, signing a lease deed,
signing the Memorandum of Association for the new company and a resolution of the
Subscribers.
Some free zones allow the process to start even before the capital is shown. The Manager
authorized to sign on behalf of the investors will sign the all the legal documents.
9. Once the registration process is completed the license is issued and you are ready to start
operations.
The costs for setting up a free zone company in UAE vary from free zone to free zone.
It normally comprises of:
Your business set up consultant will provide you the exact estimate. Some free zones also form a
company with a standard minimum package for a single investor that offers all components of
costs for a lump sum annual fee. These packages are economical.
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Basically what you need is to get your Know Your Client documents ready. Pay the fees. Deposit
the capital and apply. A UAE company registration agent can facilitate the process if you are not
free to do this personally.
Basic requirements
1. A free zone company must have a trade license in the activity of its intended business. This
license must be renewed every year.
2. It must have an office in its own name in the Free Zone rented and to be renewed every year.
3. It must have a Manager authorized to act as the legal representative of the company.
4. It must have at least one shareholder and the mandated share capital.
5. It must not trade outside the free zone without a local distributor.
Name, type of company and address of its main office in the original country.
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Main operations carried out by the company and its previous expertise in the field of
activity, which is required to be practiced in Dubai.
Name of the local service agent in Dubai and his address if he is a juridical person
[company, then the legal form, capital, names of the shareholders (or partners if it is a firm)],
their nationalities and addresses should be stated provided that all of them are UAE
nationals.
The Department of Commercial Affairs at the Ministry of Economy & Commerce after
registering the application giving it a number and making sure that the required documents
are complete, shall refer it to the Department of Economic Development.
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An offshore company
Free Zone
Main Land or
Offshore
Free Zone
Main Land or
Offshore
TYPE OF LICENCES
In general, most of free zones issue following types of licenses to do business.
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1- TRADING LICENSES: - A Trading license allows the holder to import, Export, Sell, and
Distribute and store all the items specified on license. Sales in UAE however, must be carried out
through distributor or agent and it is subject to payment of custom duty.
2- GENERAL TRADING LICENSES:-General trading license can be obtained under trading
license, which allows a large number of products.
3- INDUSTRIAL LICENSE: - An industrial license allows the holder to import raw materials,
carry out the manufacture of specified products and export the finished products to any country.
Licensee's manufactured products can be sold in the UAE through a distributor or agent and it is
subject to payment of custom duty.
4- SERVICE LICENSE: - A service license allows the holder to carry out the services
specified in the license within the free zone.
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To date the Free Zones have been successful in attracting a large number of foreign companies
and foreign direct investment. The share of the Free Zones in non-oil exports has increased
considerably along with the net exports from the Free Zones. The incentives offered by various
Free Zones of the UAE are generally similar and include:
100% foreign ownership
100% tax exemption
Quick approval procedures
An independent Free Zone Authority (FZA) governs each Free Zone, and is the agency
responsible for issuing FTZ operating licenses and assisting companies with establishing their
business in the FTZ.
Investors can either register a new company in the form of a Free Zone Establishment
(FZE)/Free Zone Company (FZCO) or simply establish a branch or representative office of their
existing or parent company based within the UAE or abroad. A FZE is a limited liability
establishment, incorporated in a Free Zone, owned by one natural or judicial person, whereas a
FZCO is a limited liability company incorporated in a Free Zone by more than one shareholder,
generally up to five. FZE/FZCOs are governed by the rules and the regulations of the Free Zone
in which they are established. There is a minimum capital requirement ranging from AED
50,000 to AED 1,000,000 depending upon the selected Free Zone. Some free zones have even
relaxed the capital requirements to attract more investors.
Once a legal presence has been established in the Free Zone, the business will need to lease
premises or land and acquire a license from the FZA. Different types of licenses are issued in
different Free Zones; however companies with valid licenses only can conduct business within
the Free Zone or abroad. To sell their products in the UAE, a UAE registered official agent is
required. Services and products can be obtained from and within the UAE without an agent.
The licenses issued by the FZA can be renewed annually as long as a lease agreement is in force
with the FTZ. Given hereunder are various Free Zones established in the Emirate of Dubai:
1. Jebel Ali Free Zone
2. Dubai Cars & Automotive
Zone
3. Gold & Diamond Park
4. Techno Park
5. Dubai Internet City-Tecom
6. Dubai Media City - Tecom
7. Dubai Studio City - Tecom
8. Intel Media Production Zone-
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Tecom
9. Knowledge Village-Tecom
10. Dubai International Academic
City -Tecom
11. Dubai Outsource Zone- Tecom
12. Energy & Environment ParkTecom
13. Dubai Biotechnology &
Research Park -Tecom
Financial Center
22. International Humanitarian
City
23. Dubai Logistics City
24. Dubai Textile City
25. Heavy Equipment &
Trucks City
26. Dubai Auto Parts City
Given hereunder are the various Free Zones established in the Emirate of Sharjah and the
Northern Emirates:1. Sharjah Airport Free
Zone
2. Hamriyah Free Zone
3. Ajman Free Zone
4. Fujairah Free Zone
5.
Fujairah
Media
Zone/Creative City
Given hereunder are the various Free Zones established in the Emirate of Abu Dhabi:1. Abu Dhabi Airport Free Zone
2. Free Trade and Logistics Zone
(Taweelah)
3. Two Four 54
The UAE Free Zones have been among the strong pillars of the countrys economic performance
attracting much foreign investments, creating thousands of jobs, and facilitating the needed
transfer of technology into the country. Together, the Free Zones account for more than half of
the countrys non-oil exports and underpin the UAEs ranking as the third most important reexport center in the world.
The Free Zones help in keeping the engine of economic diversification rolling by attracting
foreign investment in the private sector, which is central to the regions overall plan aimed at
reducing its economic dependence on oil, while creating employment for its nationals.
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Moreover, the Free Zones are swiftly proving to be the mechanism not only for an impetus to
diversification, but also for changing the very face of economic activity in this region.
Features
Types of registration
Size
Min. 5,000 sq.mtr
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120,000 - 220,000
Features
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Types of registration
State-of-the-art technology.
World class technical infrastructure (high bandwidth, low telecom cost, high speed
support infrastructure etc.) built by CISCO, SUN MICROSYSTEMS, SIEMENS
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Types of registration
Facility
Office
Size
Cost in AED per annum
Min. 100
1500 per sq.mtr
sq.mtr
Registration Fee one time (FZ-LLC)
AED 3,500
Registration Fee one time (Branch) AED
3,500
Type of License
Cost in AED per annum
Service
15,000
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These institutions offer programs that range in duration from one year to four years. Major
academic programs on offer include engineering, computer science, fashion and design,
biotechnology, environmental studies, quality management and business management
programs.
The selection of international universities depends on a number of criteria including university
ranking, strength and programmes that correspond to the UAEs industry needs. DIAC is spread
across an area of 25 million square feet. There are areas dedicated to the international education
zone, research and development centres, sports facilities, student unions and student and faculty
accommodations.
However currently there is no mandate for the international universities based in DKV to move
to the DIAC. The set-up in DKV is not as appropriate for the universities that need to expand as
DKV will focus more on house training and human resources companies.
At DIAC universities have the option of either building their own campus or moving into the
ready-made buildings.
Features
Government support services.
Wellness centres, dining facilities and entertainment venues including movie theatres,
gaming centres etc.
Student Accommodation
Sports centres
Multimedia library and other common facilities.
Type of company activities include Universities, colleges, sports facility management,
library management, accommodation service provider, academic support services, etc.
Types of registration
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Limited Liability Company (FZ-LLC) - minimum share capital varies
and depends on the authorities after review of the business plan.
Facility costs and type of licenses
Facility
Size
Offices
Land
Cost in AED
per annum
200 per sq.ft
20-30 per
sq.ft
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Type of License
University segment
Branch University segment
The only Emirate with seaports on the East and West coasts.
SAIF Zone is the worlds first ISO certified Airport Free Zone.
Access to ports in the Arabian Gulf and the Indian Ocean.
Lease period up to 25 years.
Type of company activities include manufacturing, processing, assembling,
import/export, distribution, storage, services, etc.
packaging,
Types of registration
Size
Min. 2500
sq.mtr
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Executive Offices
E-Desk Facility
Factory/Warehouse
Min. 24 sq mtr
Types of registration
As a branch of a foreign company - no minimum capital required.
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Facility
Land
Size
Min. 2,500
sq.mtr
E-Desk Facility
9.5 sq.mtr
Factory/Warehouse
187 - 614
sq.mtr
Registration Fee AED 9,000 (one-time
fee )
HFZ
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packaging,
Types of registration
Offices
Land
Size
Varies
One desk
space
30 sq.mtr
16 - 40 sq.mtr
Min. 2000
sq.mtr
Factory/Warehouse 134 - 645
Varies from 63,000 sq.mtr
185,000
FZE/FZCO Registration Fee - no
registration fee
Type of License
Cost in AED per annum
Industrial
7,000
Trading
Varies from 3,900 to 6,500 depending on the
number of items
Service
6,500
General trading
9,100
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all Arabian Gulf ports. Fujairah Free Zone is also close to Fujairah International Airport which
the only airport is serving the UAE East Coast as well as Northern Oman. The Port of Fujairah is
adjacent to the Free Zone. Investors have easy access to all Arabian Gulf ports.
Features
packaging,
Types of registration
Size
Cost in AED per annum
15 - 35 sq.mtr
890 -1700 per sq.mtr
Varies
15,000
Varies
12,000
300 sq.mtr
225 per sq.mtr approx
onwards
Land
Min. 250 sq.mtr 15 per sq.mtr onwards
FZE Registration Fee AED 5,000(onetime
fee)
Type of License
Cost in AED per annum
Industrial
5,000
Commercial
2,500
Service
5,000
General trading
15,000
Real Estate Investment
40,000 - 45,000
Real Estate Investment &
50,000
Development
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Types of registration
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Ras Al Khaimah Free Zone Authority oversees three new sub-zones within the Emirate. The 71
hectare Technology Park is intended to accommodate capital-intensive, high technology
manufacturing and assembly companies. The park is adjacent to the Ras Al Khaimah Ceramics
Factory and other light manufacturing businesses.
The Al Hamra Development, located across the Emirates Highway, is a 325 hectare waterfront
recreational and residential development that includes a hotel, waterfront villas, marina and
golf course. The proximity of the Technology Park to the Emirates Highway makes it readily
accessible to the City Centre, International Airport, Port Saqr and destinations southward, such
as Dubai. The Free Zone is home to over 450 companies.
Features
Clients can operate to full capacity from their Ras Al Khaimah offices or warehouses in
any of the 3 Free Zone Parks (Business Park, Industrial Park and Technology Park
Free Zones).
Choice of professionally serviced, prime locations in the heart of Dubai, from which to
concentrate on marketing and management activity.
Lease period up to 15 years.
Type of company activities include manufacturing, processing, assembling, packaging,
import/export, distribution, storage, services, cargo and freight forwarding, accounting
and audition services, logistical, etc. The flexibility to open up offices in the Emirate of
Dubai or Abu Dhabi.
Types of registration
Facility
Business Centre/
Executive Office
Size
12 - 2,200
sq.mtr
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varies
One desk
205 sq.mtr
20,000
150 - 416
50 per sq.mtr approx.
sq.mtr
FZE/FZCO Registration Fee AED 7,000
(one-time fee)
Type of License
Cost in AED per annum
Industrial
5,000
Commercial (up to 7 activities)
3,650
Consulting and service
7,500
Real Estate Consultancy
16,000
General trading
15,000
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Semiconductors
Oil and Gas
Engineering, Construction and Building Materials
Consultancy and Business Advisory Services
I.T. Solutions and Telecommunications
FMCG
Luxury Goods and Jewellry
Pharmaceuticals and Medical Devices
Industrial Machinery and Engine Components
Media and Associated Services
Travel and Tourism Management Companies
The creation of ADAFZ is driven by the Abu Dhabi Airports Company (ADAC), incorporated in
March 2006, to lead the development of the Emirates aviation infrastructure. ADAFZs
establishment is part of ADACs objective to finance its airport development programmes
through non-aeronautical revenues, minimizing Government grants.
ADAFZs Benefits
Additional Advantages
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Involvement with Khalifa Port will represent the next stage in its growing relationship with
ADPC. EZW, one of the largest developers and operators of Free Zones in the World is expected
to manage an initial 25 km2 trade and logistics Free Zone within the larger industrial zone in
Taweelah, located halfway between Abu Dhabi and Dubai.
The signing of this agreement with DP World and Economic Zones World is yet another step in
the drive towards greater cooperation, integration and to build the commercial relationship
between the neighboring Emirates of Abu Dhabi and Dubai. The new port and logistics hub will
solidify the UAEs position as a world class transport and logistics hub.
The Trade and Logistics Free Zone spread out over an area of 25 square km in its first phase and
will be the first Trade and Logistics Free Zone in Abu Dhabi.
twofour54 (2454)
Abu Dhabi is home to a new media content creation zone called twofour54.
Representing the geographical co-ordinates of Abu Dhabi, twofour54 aims to establish the city
as a Centre of excellence for Arabic content creation that is internationally renowned.
The launch of twofour54 has created new industry opportunities for the region, by providing a
collaborative and fully-equipped center that brings together local, regional and international
companies from across length and the breadth of the film, broadcast, digital, publishing and
music industries. With some of the Worlds leading content companies already onboard and
announcing major plans, twofour54s advanced ecosystem offers production facilities,
infrastructure, training and a new business incubator - all on one site - for the development of
World class Arabic content by people from the Middle East region for its 300 million Arab
audience.
Twofour54 is based near Khalifa Park in Abu Dhabi. A 200,000 square meter waterfront site in
the Mina Zayed area of the city has been earmarked for twofour54s permanent campus, which
should be completed within five years. Twofour54 is built around four pillars located within a
campus style environment that promotes cooperation and creative partnerships amongst the
companies involved.
Twofour54 tadreeb
Twofour54 tadreeb will be the regions premier vocational training academy, inviting media and
entertainment professionals and graduates to gain and develop skills across a comprehensive
range of media disciplines. Twofour54 tadreeb is a dynamic partnership between twofour54 and
global media players to offer world class courses led by highly experienced instructors. All the
academys offerings are outcome-driven, practically focused training programmers.
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Twofour54 ibtikar
Twofour54 ibtikar provides support and funding for new businesses and promising creative
ideas across print, online, mobile and television platforms in the UAE and broader MENA
region. Twofour54 ibtikar offers two funding solutions, the I Fund and the Creative Lab. The I
Fund offers start-up funding, business-planning and operational support to entrepreneurs who
want to launch new ventures in Abu Dhabi. The Creative Lab provides seed funding,
development guidance, and strategic planning to creative talent with exciting new content and
creative ideas.
Twofour54 intaj
Twofour54 intaj supplies state-of-the-art production and post-production facilities, media asset
management, broadcast and technical support services to its partners. This includes five highdefinition studios fully equipped with the latest technologies, the regions first media asset
management services, as well as a highly experienced pool of dedicated operations and
engineering professionals.
Twofour54 tawasol
Twofour54 tawasol provides holistic support services through its Shared Services and Property
Management departments. Together, they form a one-stop-shop facilitating the relocation and
establishment of content organizations in twofour54.
All establishments in twofour54 are required to be licensed under the Business Licensing
Regulations currently in force. When a licensee is engaged in disseminating content from the
zone, they are also required to hold a Dissemination License in addition to their Business
License.
Types of registration
Branch
FZ LLC with no minimum share capital
Types of license
Business License
Dissemination License
Television Broadcasting
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Print media
Internet, Radio & other Media
Facility costs
Facility
Office
Empty offices (shell)
Registration Fee - AED 2,500 (one-time
fee)
Size
Desk space
Varies
1.
Comparison
Parameters
Dubai Airport
Free Zone,
Dubai
(Distance
from Dubai
AirportAttached to
Terminal 2)
Hamriyah Free
Zone,
Sharjah (Distance
from Dubai
Airport70 Km)
Ras Al Khaimah
Free Zone,
Ras Al Khaimah
(Distance from
Dubai Airport125 Km)
Contact
Details
2.
Website
3.
Types of
License
Permissible
General Trading,
Trading, Service,
Industrial, National
Industrial
Note: General
Trading allows
holder to import,
export, re-export,
distribute and
store all items.
a)
b)
c)
Trading;
Service;
Industria
l License
Note: General
Trading License is
not generally
permissible.
However, it may
be issued if
DAFZA authorities
agree.
General Trading,
Commercial
License,
Consultancy
License, Services
License
Sharjah
Airport
Internati
onal Free
Zone,
Sharjah
(Distanc
e from
Dubai
Airport25 Km)
P.O. Box
No.8000
info@saifzone.com
www.saifzone.com
General
Trading,
Commercia
l License,
Industrial
License and
Service
License
41
4.
Annual
License Fee
General TradingAED
30000/- (USD 8175)
per year;
Others: AED 5500/(USD 1499) per year
except for service
where it is AED
8000/- (USD 2180)
per year
General Trading-AED
12,000/- (USD 3,270);
Others AED 2,750/(USD 750)
5.
Processing
Fee
Non-refundable
processing fee of
AED 500/- (USD
137).
N.A.
N.A.
6.
Types of
Facilities
available
Offices, Light
Industrial Units (LIU)
and Warehouses
7.
Offices
Rentals
8.
Cost of
Electricity,
Water and
Airconditioning,
Maintaining
facilities
Insurance
Office (Leased
Building and Porta
Cabin),
Warehouse, Plot of
Land
Maximum of AED
1200/- per sq. mtrs.
(USD 327)
9.
10.
11.
Name
Plate/Signbo
ard
Type of
Companies
General TradingAED
15,000/- (USD
4087), Commercial
Licensee USD 995),
Consultancy/Servic
e
License- AED 7500
(USD 2045),
Industrial LicenseAED 5,000/- (USD
1363)
It may fall within
AED
2,350 to AED 3,500
depending upon
space occupied.
Office, Warehouse,
Land for
Developments
General
TradingAED
15,000/(USD
4,087);
Others AED
7,500/(USD
2,044)
Maximum of AED
1300/- per sq/ mtrs.
(USD 355)
Included in cost of
rentals
Included in cost of
rentals
Included in
the Cost of
Rentals
(Internet
AED 300/or USD 82
N.A.
Office,
Warehouse,
Plot of Land
All Property
All Property
Insurance,
All Property
Third Party
Liability
(USD 1.10)
Insurance, Third
Party Insurance
and Employee
Insurance needs
to be taken by the
Company.
Included in
Overall Cost
Included in Overall
Cost
Insurance, Third
Party
Insurance and
Employee Insurance
needs to be taken
by the Company.
Included in Overall
Cost
FZE (Only 1
Shareholder),
FZCO
(1-5
Shareholder),
Branch Company,
Branch of
Overseas
FZE (Only 1
Shareholder), FZCO
(1-5
Shareholder), Branch
Company, Branch of
Existing Company
FZE (Only 1
Shareholder), FZCO
(1-5 Shareholder),
Branch Company,
Branch of Existing
Company
42
Existing Company
12.
13.
One Time
Registration
Fee for FZE
Share Capital
of FZE
Minimum of AED
1,00,00,00/- (USD
272500) and each
share has to be of
AED
1 Million Only
Minimum of AED
1,00,00,00/- (USD
272500) and each
share has to be of
AED 1 Million Only
Branch of
Overseas
Existing
Company
AED 10,000
(USD 2725/-)
Minimum of AED
1,50,000/- (USD
40,870) and each
share has to be of
AED 1,50,000 Only
Minimum of AED
1,00,000/- (USD
27,250) and each
share has to be of
AED
1,00,000 Only
Minimum of AED
1,50,000/- (USD
40,870) and each
share has to be of
AED 1,50,000 Only
Minimum of AED
1,00,000/- (USD
27,250) and each
share has to be of
AED
1,00,000 Only
Minimum of
AED
1,50,000/(USD
40,870) and
each share
has to be of
AED
1,50,000
Only
Minimum of
AED
1,50,000/(USD
40,870) and
each share
has to be of
AED
1,50,000
Only
AED
10,000/(USD 4087)
AED 3,500
(USD 954)
AED 1,200/(USD 327)
14.
Share Capital
of
FZCO
15.
One Time
Registration
Fee for FZCO
Security
Deposit
Service
Charges
N.A.
Free (Common,
Open and Covered
Parking)
Free
Free
16.
17.
18.
P.O. Box
Charges
19.
Car Parking
Charges
Included in Rentals
Miscellaneous-AED
1,500/- (USD 414)
Name Approval FeeAED 250/- ( USD 68)
AED 820/(USD
225)
Free
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Annexure
http://www.uaefreezones.com
www.authorstream.com
http://www.legalmaxims.com
http://www.socprollect-mea.com
http://www.uaecompanyregistration.com
http://www.jdsupra.com
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