1 / 8

How to register a new company in the form of a free zone!

A Free Zone is a designated area that invites investment and company formation, in order to avail different sorts of benefits like tax waivers and specific facilities to achieve a smooth conduct of business. <br>

euphoriabussonline
Download Presentation

How to register a new company in the form of a free zone!

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How to register a new company in the form of a free zone! http://www.ebsae.com

  2. What is a Free Zone? A Free Zone is a designated area that invites investment and company formation, in order to avail different sorts of benefits like tax waivers and specific facilities to achieve a smooth conduct of business. These free zones invite international businesses to invest here in the UAE and still maintain total ownership of the company. There are other business incentives rolled out by the free zones to streamline operations and help companies thrive. In the UAE, the free zones cater to a specific industry or are attached to a port. http://www.ebsae.com

  3. Why Free Zones in Dubai? The combined push of the royal family behind the prestigious Dubai 2020 vision and the emirate’s emergence as a non-oil dependent economy has made Dubai a lucrative investment destination for many entrepreneurs across different sizes of operations and different industry verticals. Companies worldwide are taking cognizance of the immense potential held by UAE in general and Dubai in particular for taking a business to the next level of growth. For this very reason, many companies prefer to set up operations here in Dubai. http://www.ebsae.com

  4. If you want to set up a company in Dubai, you can either have a company formed in any part of Dubai or establish operations in any of the free zones in Dubai. A free zone offers multiple advantages for international companies, like 100% ownership without diluting stock to a UAE national (either company or individual). Some other advantages include 100% repatriation of capital and profits, and zero corporate tax and income tax. These reasons prompt many entrepreneurs and established companies like to look for a suitable free zone and companies commence with business there. http://www.ebsae.com

  5. How do free zones operate? • International companies that set up operations here in the free zones are classified as offshore companies. They are suited for companies that have a majority of their business outside UAE and want to establish a presence here. • Protocols to be followed • The 7 step process that EBS follows in expanding business in UAE are- • Trade license that suits their specific business profile. • Physical office space with its name and address on the rental contracts. • Every business must have at least one shareholder. • Every business must have a manager or local representative. • The business cannot trade outside the free zone without the assistance of a UAE distributor. http://www.ebsae.com

  6. While the registration and set up process varies significantly, these are some of the essential documents needed to begin with your approval process for operating the business in a free zone. • How to register to set up a new company? • What type of business entity is to be set up- You need to assess which type of company you need to set up at a given free zone. This will determine how much you need to allocate as share capital as per the rules. For instance, in DAFZA, you need to have at least AED 15000 as the share capital required to operate in this particular free zone. • Select a trade name- Next you need to pick a trade name that is not already registered before. This also needs the free zone authorities’ approval to go ahead and use it. http://www.ebsae.com

  7. What type of business entity is to be set up- You need to assess which type of company you need to set up at a given free zone. This will determine how much you need to allocate as share capital as per the rules. For instance, in DAFZA, you need to have at least AED 15000 as the share capital required to operate in this particular free zone. • Get rental office space- Next, you would need to have a physical address for your office. Be it owned space or rented space, you need this to take the procedure to the next level. • Complete the pre-approval formalities- The initial approval would signal the opportunity to go ahead and commence your operation. Once you get the licenses and office space, it is just a matter of 2 to 4 weeks, to begin with, your own business in UAE. If you any confusion or doubt you can call or chat our executive to clear your doubt. http://www.ebsae.com

  8. Thank You! http://www.ebsae.com

More Related