Free Zone company registration:
Free Zone company registration in the UAE refers to the process of setting up a business in one of the country’s designated free trade zones. These zones are designed to attract foreign investment and offer a range of benefits such as 100% foreign ownership, 100% repatriation of profits, and exemptions from corporate and personal income taxes.
In order to register a company in a UAE Free Zone, you will need to choose a Free Zone and a business activity, obtain the necessary licenses and permits, and fulfill any other requirements set by the Free Zone Authority. Please find below the different steps:
1- Choose a business activity and name for the company.
2- Obtain initial approval for the company name from the Free Zone Authority.
3- Choose a legal structure for the company (e.g., sole proprietorship, limited liability company, etc.).
4- Obtain initial approval for the selected activity and legal structure from the Free Zone.
5- Obtain necessary licenses and permits the different departments.
6- Apply for the lease of office space or land within the Free Zone.
7- Register the company with the Free Zone Authority and obtain a trade license.
8- Open a bank account for the company
It is recommended to seek professional assistance to ensure compliance with the regulations and procedures. Our business setup expert will assist you to setup your Free Zone company, please do to hesitate to contact us on: info@FreeZoneMarket.ae or call us on +971 4 876 9890
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Mainland company registration:
Mainland company registration in Dubai refers to the process of setting up a business within the non-free trade zones of the emirate of Dubai, also known as “mainland” or “onshore” Dubai. In contrast to Free Zone company registration, mainland companies are subject to certain restrictions and regulations, including the requirement Physical office ( Ejari) or local service agent for certain business activities.
The process of registering a mainland company in Dubai t involves choosing a legal structure, obtaining the necessary licenses and permits, and fulfilling any other requirements set by the relevant government authorities.
The first step is to choose a business activity, company name and Initial approval from the Immigration department obtain the necessary permits from the Department of Economic Development (DED). Or other department like Dubai Land department, Dubai Municipality. The last step is to get the company address (Rent a commercial unit for company – Ejari is required) then apply for the final company license.
You will need to register the company with the Dubai Municipality and the Dubai Chamber of Commerce and Industry. You will also need to open a corporate bank account and register for VAT. Keep in mind that the legal structure of the company will play a role in the process of registration, and it will be important to choose the right. Please contact our business setup expert to guide to guide you and select the best structure and legal form.
Offshore company registration:
Called also International Business Company (IBC). IBCs are a type of offshore company that are typically used for international trade and business activities and are not allowed to conduct business within the UAE.
To register an IBC in the UAE, you will need to:
1- Appointment of a registered agent: All IBCs are required to have a registered agent in the UAE to act as their legal representative.
2- Choose the right jurisdiction: The UAE has several free zones that offer IBC registration, each with its own set of benefits and requirements. Like Ras Al Khaimah International Corporate Centre- RAKICC or JAFZA Offshore – Jebel Ali Free Zone Authority.
3- Select a business activity: You will need to select the type of business activity that your offshore company will provide.
4- Choose a Company name: The name of your IBC must be approved by the relevant free zone or offshore authority.
5- Obtain the necessary and permits and approvals: Depending on the type of business activity you have selected; you may need to obtain additional permits to operate your offshore company.
6- Submit the required documentation: You will need to submit all the necessary documentation, including the company’s articles of association, business plan, and passport copies of the shareholders and directors, to the relevant free zone authority to the appointed agent and he will apply on your behalf to obtain the registration documents.
Please note that the process may vary slightly depending on the specific free zone and the type of business activity you choose.
To register your offshore company (IBC) please contact our business setup expert on info@FreeZoneMarket.ae or call us on +971 4 876 9890
To get a residence visa in the United Arab Emirates (UAE), you will need to first find a sponsor, such as an employer or family member or by investment (Company registration, Real Estate investment, Fixed deposit). The sponsor will then need to apply for the visa on your behalf through the Free Zone authority or Immigration department, such as the General Directorate of Residency and Foreigners Affairs (GDRFA) or Federal Authority for Identity and Citizenship The sponsor will also need to provide documentation such as your passport, a copy of your employment contract, and proof of sufficient income or documents of ownership of property or company …etc. Once the visa is approved, you will need to go to the UAE and complete the process of having your residence visa and Emirates ID. It’s important to note that the process and requirements for obtaining a residence visa in the UAE may
vary depending on your specific situation and the emirate in which you are applying.
Bank account opening
Personal bank account opening in Dubai needs to provide some personal documents as, Identification documents (Passport & Emirates ID and residence visa) proof of residence and proof of income. Depending on the bank, you may also be required to provide source of income such us Salary Certificate, Personal bank statement … etc.
To open a business bank account in Dubai, you will typically need to provide the following documents:
1– All registration documents: Trade License, Certificate of registration, share certificate, Memorandum of Association and office lease agreement.
2– Passport copy, visa copy and Emirates ID the authorized signatory.
3– Resume of shareholders, Directors and Manager.
4– Sources of income of shareholders such personal bank statement or business ownership documents.
5– A proof of address, such as a utility bill less than 3 months old.
6– Company profile and Business plan.
7– Suppliers and client’s list.
8– Financial plan of the company.
The requirements may vary depending on the bank and type of account you are opening, so it’s best to check with the specific bank for their specific requirements. Please contact on info@FreeZoneMarket.ae or call us on +971 4 876 9890 us if you need any assistance for account opening.
A share transfer is the process of transferring ownership of a share or shares of stock from one person or entity to another. Usually, this procedure is done through sales & purchasing agreement, The transfer may also be subject to any restrictions or conditions set forth in the company’s articles of incorporation or by laws. To complete a share transfer, the parties involved will need to complete and sign appropriate documentation, such as a transfer form, and may also need to pay the share transfer fee to the authority. Here is the
1– Obtaining approval from the current and new company’s shareholders, which usually requires a resolution to be passed at a shareholders’ meeting.
2– Filing the necessary documents with the relevant government authority, such as the Free Zone Authority or Dubai Economic Department or equivalent in other emirates.
3– Notifying any relevant parties of the shareholding structure change, such as customers, suppliers, and government such as Federal Tax Authority, Banks after the publication in local newspapers.
Change of name
To change a company name, you will need to follow a specific process that varies depending on the jurisdiction and which Emirates the company is registered. In general, the process will need to follow the below steps:
4– Obtaining approval from the company’s shareholders, which usually requires a resolution to be passed at a shareholders’ meeting.
5– Filing the necessary documents with the relevant government authority, such as the Free Zone Authority or Dubai Economic Department or equivalent in other emirates.
6– Notifying any relevant parties of the name change, such as customers, suppliers, and government such as Federal Tax Authority (FTA, Dubai Media Council, Post office … etc.) Banks after the publication in local newspapers.
7– Updating all company documents, such as letterheads, business cards, and websites, to reflect the new name.
Change of Manager / Officers
A change of company manager is the replacement of the person who is responsible for Management of the operations and performance of a business or organization. This can happen for many reasons, such as retirement, resignation, or a decision by the company’s board of directors. The transition to a new manager can have a significant impact on the company and its employees, and it is important for the organization to communicate the change effectively and provide support during the transition period.
De-registration and liquidation of company
Company De–registration is the process of removing a company from the register of companies maintained by the relevant authority, such as the Registrar of Companies. This can happen for a variety of reasons, such as the company no longer carrying on business, Decision of the company shareholders, or the company not meeting its legal obligations. The Liquidation, also known as winding up, is the process of ending a company’s existence and distributing its assets among its creditors and shareholders. This is usually done when the company is unable to pay its debts and is insolvent.
There are two types of liquidation:
1 – Voluntary liquidation: where the company’s shareholders decide to liquidate the company.
2 – Compulsory liquidation: where the court orders the liquidation of the company.
In summary, de–registration is the process of removing a company from the register, while liquidation is the process of ending the company’s existence and distributing its assets. A company may be de–registered before or after liquidation.