Business setup in Hamriyah Free Zone

Company formation in Hamriyah Free Zone

Branch of a Local / International company

Basically, whether the branch is of a local company or of an international company, no capital is required to be deposited with the bank. The following documents should be provided.

Local Company	International Company
License or Certificate of Commercial Registration from the Economic Department. (Notarized copy)	Certificate of Incorporation/Good-standing (Notarized copy)
Memorandum and Articles of Association of the company. (Notarized copy)	Memorandum and Articles of Association of the company (Notarized copy)
Board Resolution for opening a branch in Hamriyah Free Zone and to appoint the manager for the Free Zone operations (Notarized copy) with his passport copy and Power of Attorney.	Board Resolution for opening a branch in Hamriyah Free Zone and to appoint the manager for the Free Zone operations (Notarized copy) with his passport copy and Power of Attorney.
Bank’s reference letter regarding creditworthiness of the company (Original).	Bank’s reference letter regarding

Important aspects of an FZE 

Ø  An FZE / FZC will be a limited liability entity.

Ø  Not only natural persons but juristic persons like Companies can also incorporate FZE/FZCs in Hamriyah Free Zone.

Ø  FZE / FZC’s like branches of local or foreign companies will have to get a Free Zone License after incorporation/Registration.

Ø  An FZE will be sole shareholder company. An FZC will be multi Shareholder Company with 2 to 5 shareholders.

Ø  No share may be transferred without prior written approval of HFZA.

Ø  The Financial Years shall be from January to December each year, except the commencement of the first year which shall be the date of Incorporation.

Minimum Legal Requirements

Ø  Free Zone Establishments (FZE) / Free Zone Company (FZC) should abide by the FZE / FZC Implementing Rules and Regulations. FZE Implementing Rules and Regulations are equivalent to its Memorandum and Articles of Association where as FZC Implementing Rules and Regulations are equivalent to its Articles of Association.

Ø  FZE/FZE should submit its audited financial statements to Hamriyah Free Zone Authority every year within 3 months from the end of the financial year.

Ø  There should be at least 2 Directors and a Secretary for FZE / FZC's.

Ø  If a foreign national is to be appointed as a Director or Secretary, HFZA may require that such persons hold valid residence and work permit from the relevant authorities.

Ø  At least one of the Directors and the Secretary must be residents.

Ø  The offices of Director and Secretary may be held jointly by a single person.

License types

The type of License that will be issued to an applicant company will be defined by the activity the applicant company is permitted by the Hamriyah Free Zone to undertake as follows:

1. Industrial License

This license will allow the holder to import raw materials for the purpose of manufacturing, processing and/or assembly of specified products. The finished products may be exported outside the UAE. If the finished products are sold in the UAE market then the License holder will need to do this through a local distributor or a local agent.

2. Commercial License

This license will allow the holder to import, export, sell, distribute and store items specified on the license. If the finished products are sold in the UAE market then the License holder will need to do this through a local distributor or a local agent.

3. Service License

This license allows the holder to carry out the services which are specified on the license within the Hamriyah Free Zone only.

Should you require more clarification or assistance to start your business in Hamriyah Free zone please feel free to contact me on rupeshpr@hotmail.com or call me on 00971-553660266

COMPANY FORMATION IN DUBAI SILICON OASIS.

COMPANY FORMATION IN DUBAI SILICON OASIS.

As the region’s technology park, DSO caters to the technology sector and supporting companies and services. DSO caters to a wide range of businesses including those in the following sectors:

ü  IT, telecom, electrical, electronic, engineering and related activities.

ü  Consultants, law firms, finance institutions, and many more.

ü  Bio-tech, automobile, aerospace, oil and gas, alternative energy and many others.

•          100% foreign ownership
•          100% repatriation of capital
•          Zero income tax
•          Zero corporate tax
•          No import or export tax
•          Low cost of operations
•          State of the art IT infrastructure and facilities with tier 3 data centre
•          Fast-track business set-up & licensing
•          Dedicated business support services including integrated online E-Business system offering tenants fast and efficient services at the touch of a button
•          Access to regional pool of talented technical and engineering professionals
•          Stable and clear regulation
•          Access to consumer markets of 5 billion people (Middle East, North Africa and Indian subcontinent).

Should you require more clarifications please feel free to contact me on rupeshpr@hotmail.com or call me on 00971-553660266

Contracting/Maintenance Trade License Renewal in Dubai

Contracting/Maintenance Trade License Renewal in Dubai

To renew Contracting/Maintenance related licenses, the following procedures to be completed at Dubai Municipality.

• Type License renewal form of Economic Department (DED) and submit at the counter to get Transaction number.

• Fill application of Dubai Municipality. The following documents are required:

• Copy of Trade License

• RTA statement stating the details of vehicles. To get vehicle list from RTA, a request letter in Arabic should be prepared in company letterhead with seal and signature. Fee: Dh60. Go to any RTA Customer Care Centre office to get Vehicle List.

• Tenancy contract of office and Labour Camp.

• Labour Camp report issued from Ministry of Labour (If camp is outside UAE).

• Employee List printed from Labour website.

• Company comprehensive report from Ministry of Labour (This report can be collected from any branch of the Ministry of Labour).

• Approved Engineer's Passport copy with visa page, attested Educational certificate, one photograph and copy of Society of Engineers membership.

• Engineer's pass certificate from Dubai Municipality or date of pass.

• If the requirements are fulfilled, application will be approved within 3-4 working days. Municipality will charge for each Engineer/Technical Staff. After doing payment approval will be updated  to the applicant and to Economic Department. This print has to be attached with DED application form and to be deposited at DED submission box along with previous transaction print and copy of Tenancy Contract for the license renewal process. 

• Payment Voucher will be ready in two working days and by paying we can collect the original renewed trade license.

Should you require more clarifications and assistance to Start your Business or Trade License Renewal please feel free to contact me on rupeshpr@hotmail.com or 00971-553660266

                                                                                              

Residence visa for a new born baby in Dubai.

Criteria

You must apply for a residency visa for a new-born baby within 120 days of his/her birth. If you fail to do this the child will not be allowed to leave the UAE and the legal guardian must pay an AED100 fine for each day over the 120 day period.

Documents Required:

• Application form

• Original passport for the baby (if the baby was added to one of his parent’s passport, take that one)

• Original + a copy of the baby’s birth certificate (must be attested by the Ministry of Foreign Affairs - Dubai office. 

• 3 passport sized photos of the baby

• Original + a copy of the attested marriage certificate

• Passport copy of sponsor.

• Copy of job contract for the sponsor or a salary certificate

Should you require more clarifications on procedures  please feel free to contact me on rupeshpr@hotmail.com or 00971-553660266.

Merger of a foreign Branch/ Representative office

Definition of 'Merger'

                “A merger or acquisition is a combination of two companies where one corporation is completely absorbed by another corporation.”

Ministries Involved:

1. Department of Economic Development (DED)
2. Ministry of Economy
3. Ministry of Foreign Affairs
4. Dubai Courts

Documents Required: (Parent Company)

1. Company registration (Incorporation) certificate for new parent company (Legally Translated in Arabic and Attested)

        2. Passport copy of Partners (No need for attestation)

       3. Board of Directors Resolution (Legally Translated in Arabic and Attested)

       4. True copy of company’s memorandum / articles of association of parent company (Legally Translated in Arabic and Attested)

       5. Board Resolution for appointing a Director / Representative for the UAE Branch with all powers to sign and act on behalf of the parent company (Legally Translated in Arabic and Attested)

      6. Auditors Report – At least for last 2 years

      7. Power of Attorney to the Representative / Director

      8. Merger Documents / Share Sale Documents of the Parent company

     9. Good Standing Certificate

Documents Required: (Foreign Branch/ Representative office)

1. National Service Agent  Agreement of the Representative office in Dubai
2. Ministry of Economy Certificate  (valid)
3. Dubai Branch/ Representative office License copy (valid)

Should you require more information's please feel free to contact me on rupeshpr@hotmail.com or on 00971-553660266

CONTRACTING LICENSE REGISTRATION AT DUBAI MUNICIPALITY.

To register a new Contracting License, the following procedures to be completed at Dubai Municipality through online.

List of activities controlled by Dubai Municipality.

• Type initial approval form of Economic Department (DED) and submit at the counter to   getTransaction number. 

• Fill online application of Dubai Municipality.

Documents Required for Submission.

• Copy of Naturalization book/Jinsiya for UAE nationals.

• Copy of passports (of the licensees + partners + manager) with residence visa page or copy of Visit/Tourist Visa).

• Copy of valid initial approval issued by Dept. of Economic Development (Activity + Partners + Trade Name). 

• NOC from the sponsor for expatriate partners.  

Note: No need NOC for Visit and Tourist visa holders. Visit visa holder can change status inside country. But Tourist visa holder must exit and enter again to get Investor/Employment visa.

• If the requirements are fulfilled, online application will be approved within 3 working days.

Approval will be sent online to the applicant and to Economic Department. This print has to be attached with DED application form and to be submitted at  DED counter along with other documents. 

Should you require more clarifications please feel free to contact me on rupeshpr@hotmail.com or 00971-553660266
 

DUBAI FISHING LICENSES FOR RESIDENTS ONLY

 Individuals who want to go fishing must obtain a license from the municipality for recreational fishing — whether it is along the coastline or in leisure boats.

Expatriates who wish to go for recreational fishing in Dubai must be residing in Dubai.

"A fishing license is a requirement for individuals prior to conducting [any] fishing activity. The fishing license will be given only to those who have their residency visa issued in Dubai and are living in Dubai," no fishing license would be issued to those who have their visas issued from another emirate and are living in another emirate. Even if the residency visa is issued in Dubai no fishing license will be given if the person is living in another emirate.

Equal conditions

The same law is followed across other emirates, adding that Emiratis who have their passports issued from Dubai can fish in Dubai.

"If people have their residency visa issued from another emirate they must be living in Dubai to be given fishing license from Dubai. They must prove to us that they are living in Dubai, those who caught fishing without a license will be fined.

Fishing is only allowed in specific areas as authorized by Dubai Municipality. "This is to ensure the management of fishing operation and strict implementation of the Federal Law No. 23 of 1999 on the Exploitation, Protection and Development of Aquatic Resources in UAE and the Federal Law No. 24 of 1999 for the Protection and Development of Environment."

Setting up of Branch of a Free Zone Company In Mainland

The only legal alternative for Free Zone Companies wishing to carry on business in the UAE is to appoint a mainland UAE agent or to establish a mainland branch of the Free Zone Company. In both cases the local UAE agent must be a UAE national or a company wholly owned by UAE nationals. 

Both options present practical difficulties and additional expense for Free Zone entities wishing to enter the UAE marketplace.

A branch company or local agent may carry out services or sell goods on behalf of the Free Zone Company, this can be a costly and, particularly in the case of service providers, where human capital is involved, an impractical and difficult model to operate.

Should you require more clarifications please feel free to contact me on rupeshpr@hotmail.com or call on 00971-553660266

REAL ESTATE LICENSE REGISTRATION IN DUBAI

Issue office registration certificate: transfer of Ownership Activity

1. Completed application form with company seal.

2. Passport copy of the owner and manager in the License.

3. Copy of the trade license.

Remark:  All sales people need to have broker card.

Renewal of office registration certificate:

1. Completed application form with company seal.

2. Passport copy of the owner and manager in the License.

Remark:  All sales people need to have broker card.

Modify office registration:

1. Completed application form with company seal.

2. Passport copy of the new owner or partner.

3. Copy of the trade license.

Cancel office registration:

1. Completed application form with company seal.

2. Submit all valid broker cards and office registration certificate.

Remark:  Must cancel DED license or change activity in the license

Issue broker card for the owner and manager in the license:

1. Completed application form with company seal.

2. Personal photograph.

Issue broker card for staff:

1. Completed application form with company seal

2. Personal photograph

3. Valid passport copy with visa

4. Good conduct certificate from Dubai police.

5. RERA certificate.

6. Property conveyance practitioner course (transfer of ownership Activity).

Remark: Must bring a request letter from the company with Company seal.

Renew broker ID card:

1. Completed application form with company seal.

2. Personal photograph.

3. Valid passport copy with visa.

4. RERA certificate phase 2 (Real estate brokerage activity).

 Remark: All sales people must have broker cards.

Replace office registration certificate or broker card:

1. Completed application form with company seal.

2. Personal photograph.

3. Letter from the company with company seal.

Cancel broker card:

1. Completed application form with company seal.

2. Valid broker ID card must be returned.

  Remark: Must cancel visa or change the title.

Should you require more clarification and assistance to start your company - please feel free to contact me on rupeshpr@hotmail.com or call on 00971-553660266

SHARJAH AIRPORT FREE ZONE ( SAIF ZONE) COMPANY FORMATION

SAIF ZONE

Company registration

To operate from within the SAIF-Zone, a company has to be incorporated. The Legal Status of the companies in SAIF-Zone is classified as here under.

1. Free Zone Company (F.Z.C)

Two or more legally capable persons natural or juridical can establish a Free Zone Company in SAIF-Zone with a minimum capital of AED.150, 000/- or its equivalent in US Dollars. In normal cases the maximum number of shareholders is up to 5 and if approved by the SAIF-Zone management the maximum number of shareholders can go up to 7 shareholders. Liability shall be limited to the FZC's share capital.

2. Free Zone Establishment (F.Z.E)

A legally capable person natural or juridical can establish a Free Zone Establishment in SAIF-Zone. In other words there shall be only one owner (shareholder) in a Free Zone Establishment. The minimum amount of capital required is AED.150, 000/- or its equivalent in US Dollars. Liability shall be limited to the FZE's share capital

Benefits which SAIF Zone offer to businesses are as follows:

100% foreign ownership.

100% repatriation of capital and profits

100% exemption from corporate and personal income tax.

No import/export duties.

25 year leases extended for a similar period.

Sponsorship and visas for all staff.

24x7 operational freedom.

Facility rental protection.

Documents Required

    FZE /FZC forms to be filled

  Project Summary

  Passport copy of the Owners / Managers

  A minimum Company Capital of AED 150,000/- to be deposited in any bank in UAE (can be withdrawn in a few days)

You also need to submit to us the following letters in original viz.:

  Auditors appointment Letter in original (registered with SAIF-Zone);

Bank Certificate in original, specifying the capital.

Cost Guidelines

License Cost depends on the activity of license required.

For more information's please feel free to contact me on rupeshpr@hotmail.com or 
call me 00971-553660266