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Overview
GCS Consulting• About Us• Our Services
Invest in Dubai• Dubai Overview • Beneficial Policies • Business Environment in Dubai• Fundamental Concepts • Free Zone & Free Trade Zone• Case Study: JAFZA • Misconception • Registration Q&A
Contact Us
About US
GCS Consulting , established since 2011, is a specialized consulting firm on corporation management. We focus and specialize
on operations, logistics, finance, accounting, legal and marketing, with the aim to provide systematic solutions for clients.
GCS Consulting, with a dedicated international team, is the authorized registered agents with the Government of Dubai,
Ajman and Ras Al Kaima for the free zones and offshore companies. We help clients to set up business in UAE, and then
develop the business into Middle East, North Africa and East Asia. We provide clients with the latest news and solution of
business development, marketing and research, so as to reduce investment risks and efficiently establish the business.
Our Services
Company Registration
Customize the company type
and registration area based on
business model and objectives,
efficiently design and execute
the registration process.
Off-shore Company
Consultancy
Release and customize reports
regularly to analyze the regional
policies, trends, business
environment, cultural difference
etc.
Day-to-day Support
Provide the 360 degree
consultancy of legal, accounting,
logistics and trade, as well as
day-to-day admin support
Why GCS Consulting?
• Using to authorized data and expert analysis, we
provide exclusive information of business trends and
hot topics in the Middle East in the field of finance,
energy, healthcare and e-commerce etc.
• We have consultants and analysts from different
industries to follow the market trends. and provide
customized investment suggestions to the clients.
• The team is based in Dubai with insightful knowledge
and experience in relevant industries. We are the
expert with a deep understanding of cultural
difference and similarity between Arabs and Chinese,
which plays an important role in helping clients to
avoid miscommunications and reduce investment risks.
Provide package for off-shore
company registration and
maintenance, including
investment and tax consultancy
Dubai Overview
Dubai is a city of opportunity – a visionary global hub, stimulating financial,
commercial and cultural exchange across international markets.
Just over 40 years ago Dubai was little more than a small fishing village, but –
guided by HH Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai - it has
been transformed into a thriving, cosmopolitan city which fits into “The Belt The
Road” Initiative.
Dubai’s location is also important. It sits on the New Silk Road, a crossroads
between East and West, connecting South Asia, Europe, Middle East and Africa. It
brings business together seamlessly with the world-class transportation
accessibility.
When Sheikh Rashid bin Zayed Al Maktoum, the former
Ruler of Dubai, became the Ruler in 1958, he said:
“Whatever works well for the business benefits
Dubai.”
Under such belief, Dubai has always been at the front edge
of free zone business model, and established JAFZA in 1985
and Dubai International Financial Centre (DIFC) in 2004.
Beneficial Policies
• The rapid development of Dubai is contributed by
the strong government support, the outstanding
healthcare and education system, as well as low
tariff, the friendly business environment, e.g. 100%
capital and profits repatriation, no control of foreign
exchange and trade limits.
• These economic policies and initiatives thrive the
free trade in Dubai. In 2014, The World Bank ranks
UAE as the country with best business environment
in the Middle East. 80% of Fortune 500 companies
set up their regional headquarter in Dubai. Dubai is
indeed the curator of entrepreneurships.
Business Environment in Dubai200,000 - Chinese residents in Dubai10 - % of the Dubai population that is Chinese200 - Number of nationalities living in Dubai50 - % of UAE population under 35$54.8bn - volume of UAE-China trade in 2014 60 - % of China-UAE trade re-exported into Africa, Europe and beyond40 - % of GDP that comes from SMEs4 - Chinese banks operating in DIFC21 - Top 25 global banks based in DIFC400 - Fortune 500 Companies operating in Dubai4200 - Chinese firms operating in UAE
60 - % of Chinese firms in the UAE are start-ups3000 - Chinese firms with Dubai Chamber membership 13.2m - visitors to Dubai in 201425% - increase in Chinese tourists from 201320m - Projected number of tourists in 2020 70.5m passengers, making Dubai the world’s busiest airport for global travellers in 201411 - Chinese cities which have flights to Dubai100+ - Weekly Dubai-China flights
Fundamental Concepts
• Some sponsors have 100%
equity, while foreigners manage
the business. Some sponsors
have over 51% equity, while
foreigners are small
stakeholders. All the decision
should be signed by the sponsor.
• Company with sponsor can
enter all industries, while
certain industries, such as
construction contracting,
logistics clearing service , are
closed to free zone companies.
• The port/airport is the main
different between Free Trade
Zone and Free Zone. The
business activities in FTZ
benefits from the free-trade
policy, including beneficial
tariff and removal of procedure
restraining trade activities. The
imported products are free
from import tariff, while the re-
exported products to the third
country are free from export
tariff.
Sponsor FTZ/FZFZ company/Off-shore company
• Off-shore companies are
registered by foreigners. The
business can’t be run locally
but overseas, while it still
gets regulated by registration
country.
• FZ/FTZ company can be set-
up by both foreigners or
locals. The company benefits
from FZ/FTZ policies, e.g. tax
free, 100% capital and profit
repatriation etc.
Free Tax Policy
• The free (trade) zones in Dubai
guarantee the policy of free tax
for 50 years, including the
corporate tax, VAT, income tax
etc., while employees are free
from personal income tax.
• There is possibility that
government might change or
introduce tax policy in the
future
Free Zone/ Free Trade Zone ListFree Zone/ Free
Trade Zone
Function Port Business USP
JAFZA Free Trade
Zone
Jebel Ali Port Trade and manufacture of all
products
The biggest free trade zone with port in the Middle East. Jebel Ali Port has
free tax exchange agreement with Al Maktoum International
DAFZA Free Trade
Zone
Dubai International
Airport
Trade and manufacture of all
products
Logistics focuses on air freight. Some of service licenses are provided.
Dubai South Free Trade
Zone
Al Maktoum
International
Trade and manufacture of all
products
Logistics focuses on air freight. Some of service licenses are provided. Al
Maktoum International has free tax exchange agreement with Jebel Ali Port.
DMCC Free Zone None Multi-commodity Service Both trade license and service license
Dubai Media City Free Zone None Media Service Service Licenses including hotel management, supermarket etc.
Dubai Internet City Free Zone None High-tech/ Internet services Service License
DIFC Free Zone None Financial Service Financial Service License, Trade license
Ajman Free Zone Free Trade
Zone
Ajman Port Trade and manufacture of all
products
All kinds of licenses
RAK Free Zone Free Zone Saqr Port Trade and manufacture of all
products
All kinds of licenses
Case study: JAFZA
• Jebel Ali Port locates near Jebel Ali Free Zone
and Al Maktoum International which connects
Dubai into global trading seamlessly. JAFZA
has the biggest container terminals in MENA.
More than 90 weekly ships connect JAFZA
with more than 140 ports around the world.
• The trade volume between UAE and China
reached 54.8 billion USD in 2014, up by 18.5%
in 2014. Dubai is the third biggest re-export
trade hub in the world. 60% of re-export trade
between UAE and China goes to Africa and
Europe.
GCS Consulting previous clients @JAFZA
Misconception
All products transported and exchanged in UAE are free of tax
Once the company is registered, the business would kick off without much efforts
E-commerce is lack of competition. It is easy to enter the market.
Conduct property renting business with the free zone license
Investment Q&A
Q:What is the minimum Investment capital for Free Trade Zone?
A:The office rent is the main factor for the cost difference among different free zones, while registration fee itself makes little difference. For example, 50,000AED is roughly the investment capital for a small company, which includes the office rent, registration fee etc.
Q: Does company registration require capital verification?
A: The policies vary. Some free zones skip capital verification to smoothen the registration process, however, they still require the investors to authorize capital. Though capital verification is not required, company is in the format of limited responsibility, i.e. authorized capital is linked back to investors’ background.
Q:How long is the registration process?
A:It is hard to give a standard answer considering the different authorities and systems across different free zones. The registration time varies from 2 weeks to 3 weeks under our service. GSC Consulting finds 1-2 months as most common.
Q: What is the difference between different Free Zones in UAE?
A:There are about 50 Free Zones in UAE. The overall policies are similar, such as 100% capital and profits repatriation, tax free etc. However, the detailed policies and management model are decided by the specialty of the free zone, such as industry, trade, finance, service etc. There is huge difference. We have knowledge and experience to customize your company registration package based on your company’s objective, products and service and strategy.
Contact Us
Emails: info@gulfchinabusiness.com
Mobile: +971 566782159 (Rebecca)
Please contact us for more information and consultancy about Dubai investment
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