UAE Free-Zone Company Formation Procedure

1
UAE Free-Zone Company Formation Procedure
Company Formation is the Procedure of Officially
Registering a Limited Company.
2

• Company Formation in UAE
• Two Types of Models
• Free-Zone Setup
• Offshore Setup

3
Information of Company Formation Free-zone

• Dubai free zone company formation procedure
  varies from free zone to the free zone. If you
  are reading this article, the chances are that
  you are planning to set up a business in Dubai
  and would like to know more about Dubai Free Zone
  company formation procedure. In this article, we
  will try to describe the general procedure for
  Dubai Free Zone company formation. Though we
  mention Dubai Free Zone for the ease of
  understanding, please note the following
• The term Dubai Free Zone is used to represent all
  the Free Zones in Dubai.
• There is no individual entity called the Dubai
  Free Zone
• Free Zones in UAE, in general, follow similar
  procedures for company formation, with some
  differences between the Free Zones.

4
General Procedure of Free-Zone Company
Form-ation

• As for when of any start-up business, we
  assume that you have done your preparations well
  before proceeding with Dubai Free Zone company
  formation procedure. Essential steps of your
  preparation for Dubai Free Zone company formation
  should include the following.
• Market Research.
• Confirm your business requirements.
• Identifying the best site that meets your
  business requirements. Dubai Free Zone Company
  Formation Procedure
• Evaluating the various Free Zones in UAE.
• The business plan for your new venture etc.

5

• Each Free Trade Zone has its own rules,
  regulations, and procedure. Dubai Free Zone
  company formation procedure varies between Free
  Zones. In general, the procedure to set up a Free
  Trade Zone company in UAE can be summarized in
  the following steps.

6
Dubai Free Zone Company Formation Procedure

• 1.     Determine the free zone license
  type.
• 2.     Confirm the activities.
• 3.     The legal structure of the
  company.
• 4.     Confirm the business facilities
  required.
• 5.     Verify the fees and other
  charges.
• 6.     Submit the application form and
  other documents.
• 7.     Secure the preliminary
  approvals.
• 8.     Payment of the fees.
• 9.     Sign the agreements and other
  legal documents.
• 10. Receive your business license and
  other certificates or documents.

7
 Determine the Free Zone license type.

• The very first step in Dubai free zone
  company formation procedure is to decide the
  license type that allows your business activity.
  In general, Free Zones offer the following types
  of business license
• 1.      Free Zone Trading License.
• 2.      Free Zone General Trading License.
• 3.      Free Zone Consultancy / Service License.
• 4.      Free Zone Industrial License.
• 5.      Free Zone Commercial License.

8
Confirm the business activities.

• Not all Free Zones allow all activities. Some
  Free Zones specializes in certain activities. So
  it is important that you confirm that your
  intended activities are permitted by the Free
  Zone of your choice. Moreover, there are
  restrictions over the number activities allowed.

9
Determine the legal structure of the company.

• The legal structure of the company varies
  according to the number and nature of the
  partners involved. Documentation required, costs,
  etc. also change depending on the legal structure
  of the company. Documents required for a
  corporate partner (or a branch entity) would be
  different from those required for an individual
  shareholder.

10
Confirm the business facilities.

• Do not assume that all Free Zones offer all
  types of business facilities. Though most of the
  Free Zones in UAE offer office space, warehouse,
  etc. availability can be a limiting factor. So
  you need to assess the availability of the
  essential facilities provided by the Free Zone
  before committing to set up the business with
  them.

11
Verify the fees and other charges.

• This is the most important step in
  FreeZone Company Formation in Dubai procedure.
  Many investors who wish to register their company
  in one of the Free Zones in UAE go for the
  cheapest option available based on the obvious
  costs. They do not understand the hidden charges
  and extra fees to be paid for the services that
  are essential for the survival of their
  businesses. The total cost of your Free Zone
  business can be categorized into two.
• The first-year cost for Dubai Free Zone company
  formation
• Yearly renewal costs

12

• Some Free Zones offer packages that are
  cheaper than the normal company formation costs.
  Investors fall prey to these packages offered by
  certain Free Zones and business consultants
  without realizing that they have to pay the
  package charges every year. The normal yearly
  renewal charges could be cheaper than the cost of
  the packages. Moreover, most of these packages
  include only a business license and not office
  space. This may not be very useful if you are
  serious about your business and investment. On
  the positive side, your efforts to decide the
  real cost of free zone company formation is very
  limited in the case of company formation packages.

13
Submit the application form and other
documents to the Free Zone.

• The application form and other legal
  documents are necessary to start the real
  application procedure. Depending on the nature of
  the business (branch /subsidiary, establishment
  /partnership, trading /industrial /services), the
  documents required may vary. In general, you
  would need the following documents.
• Free Zone application form.
• Passport copy.
• Visa copy (if you have an existing UAE visa).
• Business plan.
• Bank statements (to prove the capital amount).
• No objection certificate from the current sponsor
  (for UAE residents).

14
 Secure the preliminary approvals.

• Currently, some Free Zones in UAE may demand
  prior approvals from other regulatory departments
  to start the free zone company formation process.
  These approvals could be from.
• Immigration Department Some Free Zones process
  this request for the clients some require the
  client to process it by themselves where some
  Free Zones do not need this approval at all.
  Though it helps to make sure that your visa
  application would not face any major issues after
  the company formation, it would delay the entire
  process by a few weeks.
• Environment Department For certain activities,
  especially industrial activities, clearance
  certificate from the Environment Department is
  necessary.
• Ministries of Health Some Free Zones demand a
  certificate from the Department of Health to
  carry out activities related to pharmaceuticals,
  food products etc.

15
Payment.

• Now you are ready to make the payments. With
  some Free Zones, you have the option of making
  the payments in installments, however, pay
  attention to the total cost in this case could be
  higher than the normal charges with a minimum of
  10 and up to 50.

16
Sign the agreements and other legal documents

• After you make the payments, the concerned Free
  Zone authority would prepare the relevant legal
  documents and you would be asked to sign them in
  the presence of an executive/official of the Free
  Zone.

17
Receive your Free Zone Business License and
other documents

• Here you are! It is time to receive your
  Free Zone Business License. Along with the
  business license, some Free Zones give associated
  documents such as share certificates, certificate
  of incorporation, etc. Deciding on the best free
  trade zone in UAE for your business requirements
  depends on many factors. So it is important that
  you spend quality time on evaluating the options
  available for your business requirements. For
  certain business activities, it would be ideal to
  form a business outside the Free Trade Zone
  (mainland / local business).

18
Jitendra Consulting Group

• If you can start the business, then Jitendra
  Consulting Group is the one of the best company
  in Dubai Free Zone Company Formation. this
  company is 10 years old company and Our Expert
  team has vast experience in Free Zone Company
  Formation in Dubai, we  make your process easy
  and hassle free.

19
Follow US

• Follow Our Blog for helpful tips, Services and
  all Information Provide for Business Setup in
  Dubai, Trademark Registration in UAE, Accounting
  Services in UAE, Company Formation in Jebel Ali
  Free Zone , Offshore Company Incorporation UAE ,
  Company incorporation in SAIF Zone etc.
• Visit Our Blog http//jitendragroup.blogspot.in/

20
Visit Our Site Today

• Visit Us
• http//www.jitendragroup.ae/business-set-up-a
  nd-formation-services-uae

21
Call US TodayContact US

• Head Office DubaiSuite 3006, 30th Floor, Al
  Attar Tower (Near DIFC) Sheikh Zayed Road, P.O.
  Box 43630 Dubai, United Arab Emirates 
• Hamriyah Free Zone E-LOB Office No. E2-115F-40,
  Hamriyah Free Zone, P.O. Box 49124, Sharjah,
  United Arab Emirates 
• Jebel Ali Office Office No. 27, Lob 2, P.O. Box
  262053 Jebel Ali, Dubai, United Arab Emirates 

• Tel [phone] 
• 971 4 8810790 
• 971 6 5746324 
• Fax [phone] 8810791 
• 971 6 5746325 

22
Thank You