Terms & Conditions

“Client” means the owner or owners of the Company or Person or Persons authorized by the owner(s) who have requested FZM Solutions to provide Services to the owner(s) or authorized person(s) of the company and in the case of more than one owner or person mean such owners or persons jointly and severally.

“Client’s Appointees” means any and all persons who may from time to time be nominated, appointed or act as director, alternate director, secretary, manager, partner, trustee, protector, bank signatory, other officer, grantee of a power of attorney, administrator, registered agent, or provider of a registered office, address for legal service, or registered shareholder of the Company.

“FreeZone Market.ae” means FZM Solutions FZCO

“Company” means any company, trust, foundation or other legally recognized structure established and/or administered by

“Person” means any human, firm, company or other body incorporated or unincorporated.

“Services” means, but are not limited to, company formation, management, administration, registered agent, company secretarial, nominee directors or shareholders, bank or brokerage introductions, trustee, advisory and other related services provided by FZM Solutions to Client’s Company.

A. FZM Solutions reserves the right to discontinue providing Services and ceasing to act without notice for any Client if any Client is or becomes an Excluded Person or engages in any illegal or barred activity. An Excluded Person includes those who have been imprisoned or found guilty of any criminal offence; Persons who have been proven to have acted in a fraudulent or dishonest manner in any civil proceedings; and Persons who have acted in any manner displaying moral turpitude. Illegal or barred activities include illegal or other activities related to money laundering, receiving the proceeds of drug trafficking, terrorist activities or criminal activities or trading with such countries which have been excluded by banks and financial institutions from time to time.

B. Business activities not approved by FZM Solutions include, but are not limited to, industrial espionage, trading in arms and weapons, human beings, human or animal organs, biological substances or nuclear materials, pornography, gaming and any other purpose which is illegal under the laws of any place of incorporation or establishment of the Company or place in which it carries on business or other purposes deemed unacceptable to FZM Solutions FZCO

A. Client undertakes to make payment of the negotiated and agreed Fees for Services charged by FZM Solutions or of any of its related company upon Client receiving an invoice from FZM Solutions for the same. Fees are as stated in FZM Solutions published Fee Schedule, which is subject to change from time to time.

B. Client undertakes to pay FZM Solutions in advance all costs, government duties, license fees or government fees of any nature relating to the Company. FZM Solutions will not be liable for any penalties, fines or other liabilities incurred by the Client or by the Company, and the Client accepts full responsibility to pay these and indemnify FZM Solutions FZCO against any liability in respect of the same.

C. In the event Client fails to settle immediately the invoices issued by FZM Solutions, then Client authorizes FZM Solutions to deduct the Fees, Direct Costs and other fees from any account or funds under the control of FZM Solution that belong to the Client.

D. If Client does not require the Services provided by FZM Solutions, then Client shall advise FZM Solutions accordingly within thirty days of receipt of FZM Solutions ’s quotation for the forthcoming year’s Services. If Client fails to notify FZM Solutions within the relevant thirty days, then Client shall be deemed to have agreed to pay FZM Solutions’s invoice for the Services in full.

E. FZM Solutions reserves the right not to provide Services or to act on Client’s instructions. If FZM Solutions ceases to provide Services or ceases to act for any reason whatever, FZM Solutions will refund monies paid for the same, except disbursements already paid as government duties, license fees or government fees.

F. If Client does not require the Services provided by FZM Solutions, then Client shall advise the company accordingly within thirty days of receipt of the quotation for the forthcoming year’s Services. If Client fails to notify within the relevant thirty days, then Client shall be deemed to have agreed to pay FZM Solutions invoice for the Services in full. If Client asks for a NOC to appoint a new agent, Client shall submit the License of the new agent in order for FZM Solutions FZCO to prepare the NOC. NOC can only be issued if the new agent is a “Corporate Service Provider” as stated on its License.

D. The Free service registration and renewal is an agreement for a duration of 5 years. If the client decide to cancel the agreement OR or handle the renewal independently, there will be a registration fee of AED 5,000 and renewal fee of AED 3,500 AED that needs to be paid.

E. The Client must provide three (3) months' written notice to FZM Solutions FZCO in case of agent change. A valid trade license of the new agent must be submitted at least 14 days before the end of the notice period.

A. No reference shall be made to the registered office address(es) and correspondence address(es) provided by FZM Solutions to Client’s Company in any marketing or corporate materials, advertisements or public announcements without the specific written consent of FZM Solutions.

B. FZM Solutions or the registered agent in the relevant jurisdiction may move their offices to another location and such a move may require changing of the registered office address(es) of the Company. FZM Solutions FZCO undertakes to give Client as much advance notice as possible of any such move, but it will not accept responsibility for any costs incurred by the Client as a result thereof.

A. Client shall provide FZM Solutions with a copy of his/her passport and utility bill for FZM Solutions ’s records. FZM Solutions shall retain the copy of Client’s passport in strict confidence unless required to disclose the same to a bank or brokerage firm to open an account or by a competent court of law or otherwise instructed by the Client.

B. Client shall provide FZM Solutions with updated contact details and instructions regarding restrictions on communication matters.

C. Client shall not involve the Company in any unlawful act or undertaking as the same may be defined in various jurisdictions in which Client’s Company does business. It shall be Client’s sole responsibility to determine whether any such acts or undertakings are unlawful. FZM Solutions shall not be responsible for any unlawful act or undertaking in which the Client or Client’s Company has been engaged.

D. Client shall ensure that he has checked his situation in his home tax country and shall not commit any offense or fraud. Tax evasion is the illegal practice of not paying taxes, by not reporting income, reporting expenses not legally allowed, or by not paying taxes owed. FZM Solutions FZCO expressly disclaims any liability about Client not reporting tax in his home country.

E. Client shall ensure that the Company has sufficient funds to meet its commitments to FZM Solutions and other third party suppliers of services and/or products in a timely manner. FZM Solutions shall not be responsible for financial commitments of Client’s Company.

F. FZM Solutions expressly disclaims any liability to the Client, the Company, and any third parties for any damage or loss to the Client, the Company or any other Person arising out of the use of the Company and/or Services by the Client or any other Person.

G. Client shall indemnify and hold harmless FZM Solutions, its affiliates and their directors, officers, employees and agents from and against all claims, actions, costs (including legal) and liabilities arising out of or relating to these Service Terms and the Services provided to the Company.

FZM Solutions FZCO will not divulge to any third party any information concerning the Company, its Owners, its Directors and Shareholders, without the prior consent of the Owner. This clause is inapplicable when FZM Solutions is compelled by law to disclose such information.

A. All instructions or requests concerning the affairs of the Company shall be given by the Client in writing to FZM Solutions . FZM Solutions't may, at its sole discretion, agree to take action on any request or instruction given otherwise than in writing only on the express understanding that FZM Solutions shall not be liable in respect of any misunderstanding or error regarding the same.

B. All communications in relation to the administration of the Company shall be deemed to have been properly communicated to the Client if sent to the postal address, email address or facsimile as notified to FZM Solutions by the Client.

C. FZM Solutions shall not be liable for any failure to comply wholly or in part with any instructions received from the Client and shall not be responsible for consequences arising from non-receipt of instructions for any reason.

D. FZM Solutions is not responsible for non-bank account opening. FZM Solutions't only provide assistance with banks and shall not be liable for any failure or issue concerning bank account opening or closure.

Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be subject to the exclusive jurisdiction of the DIFC Courts locate in Dubai - UAE.