business setup in dubai freezone
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UAE Freezones An Effective
Destination For Doing Business
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United Arab Emirates(UAE)
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UAE is a constitutional federation of seven emirates:• Abu Dhabi (capital and the largest city of the federation)• Dubai• Sharjah• Ajman• Umm al-Qaiwain• Ras al-Khaimah• Fujairah
The federation was formally established on 2nd December, 1971
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UAE AT A GLANCE
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65%
18%
13%4%
Asians UAE Nationals Arab Expatriates Europeans and Others
Population : 9577000 (2015)UAE national : 18 %
Religion : Islam
Languages : Arabic , Urdu , English , Hindi
Per Capita : $ 49,000 in 2014
GDP : 570 billion US dollars in 2014
Currency Exchange Rate: 1 USD = 3.67 AED
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CORE BUSINESS ACTIVITIES
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Tourism
Constructions
IT
Health Care
Banking & Finance
Oil & Gas
Real Estate
Trading
BUSINESS HOURS
The official weekend is on Friday
and Saturday.
Government offices open at 7.30
a.m. and close at 3.00 p.m.
Private offices 8 a.m. to 6 p.m.
During Ramadan 8a.m. to 2p.m
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TAXATION ENVIRONMENT
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No personal income taxes
No corporate taxes
No VAT levied in the UAE
No withholding taxes
No transfer pricing rules
No requirement to file corporate tax returns in the UAE
5% import tariff on most goods levied ONLY ONCE at the first port of entry to the GCC
The UAE has signed double taxation treaties with over 40 countries
Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +971432777755
BANKING
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Many international banks as well as local banks are available in UAE
International financial transactions are relatively simple
Foreign currency can be easily converted to local currency and vice versa through money
exchange houses
Companies can open multi currency bank account
Personal bank account can be opened without residency and the requirements of
documents varies bank to bank
Easy repatriation of funds
Minimum balance is applicable and it varies bank to bank
Corporate bank facilities are extended depends on the tenure of the company and
business turn over
Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +971432777756
FREE ZONES – THE MEANING
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A specific class of special economic zone. They are a geographic area where
goods may be landed, handled, manufactured or reconfigured, and re-exported
without the intervention of the customs authorities.
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UAE FREE ZONES – AN IDEAL DESTINATION
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Free Zones are separate entity :
To promote FDI in UAE
To create UAE as a Import , Export and re-export business hub
To Promote UAE as a hub for distribution channels to GCC and middle
east regions
Free Zone Entity can be established as
Free Zone Establishment (FZE)with single share holder
Free Zone Company (FZC) with minimum 2 and maximum 5 shareholders
Branch / Subsidiary of foreign company.
Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +971432777758
WHY FREE ZONE
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The major advantages of free zones are:
100% foreign ownership
100% exemption from taxes and duties levied
100% repatriation of profit and capital
100% import and export tax exemptions
No corporate, withholding and inheritance taxes
No personal income taxes
No currency restrictions
Availability of skilled and experienced workforce
Abundant and inexpensive source of energy
Highly developed infrastructure
High level of administrative support
Modern and efficient communication system
Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +971432777759
WHAT ARE THE FACTORS THAT NEED TO BE
CONSIDERED FOR CHOOSING A FREEZONE
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Distance from international air- and seaports
Facilities and infrastructure offered at the free zone
Real estate options
Types of activities allowed by the respective free zone authority
Annual rent for office space and size of office units
Minimum capital required
Processing time of application
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FREEZONE LIMITATIONS
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Restricted to do direct business with the UAE Local Market
UAE local market business can be made through only a
Distributer
For local business transactions 5 % custom duty is applicable
Office premises must be within the free zone area
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FREE ZONES IN UAE
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
Given hereunder are various Free Zones established in UAE
1. Jebel Ali Free Zone
2. Dubai Industrial City
3. Dubai Cars & Automotive Zone
4. Dubai Multi Commodities Center
5. Gold & Diamond Park
6. Techno Park
7. Dubai Internet City-Tecom
8. Dubai Airport Free Zone
9. Dubai Media City - Tecom
10. Dubai Healthcare City
Specialized Zone Specialized inDIFC Financial Free Zone
Health Care City Health Industry
Dubai Gold and Diamond Park
Gold and Diamond Trading
Humanitarin CityNGOs and Social Services
Dubai Cars and Automotive Zone Automobile Industry
Dubai Logistic City Cargo and Logistic Sector
Dubai Media CityMedia and Telecommunication
Dubi Internet City IT and ITES Industry
Dubai Acadamic City Education Sector
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FREE ZONES IN UAE (Continúe…)
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
11. Dubai Studio City - Tecom Dubai Silicon Oasis
12. Intíl Media Production Zone-Tecom
13. Dubai International Financial Center
14. Knowledge Village-Tecom
15. International Humanitarian City
16.Dubai International Academic City -Tecom
17.Dubai Logistics City
18.Dubai Outsource Zone- Tecom
20. Dubai Textile CityEnergy & Environment Park-Tecom21.Heavy Equipment & Trucks City22.Dubai Biotechnology 23.Dubai Auto Parts City 24.Research Park –Tecom25.Sharjah Airport Free Zone) 26.Hamriyah Free Zone
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FREE ZONES IN UAE (Continúe…)
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
27. Ras Al Khaimah Free Trade Zone (RAKFTZ) 28.Ajman Free Zone 29.Ras Al Khaimah Investment Authority (RAKIA) 30.Ahmed Bin Rashid Free Zone (Umm Al Quwain Free Zone )31. Fujairah Free Zone 32. Ras Al Khaimah Media Free Zone (RAKMFZ) 33.Fujairah Media Zone/Creative City 34. Abu Dhabi Airport Free Zone 35.Two Four 54 36.Masdar Free Zone 37. Free Trade and Logistics Zone (Taweelah)
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JEBEL ALI FREEZONE
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
FEATURES
Jebel Ali Free Zone was established on 1985 in Dubai
World largest manmade port
Home of more than 8000 companies including fortune companies
Excellent support from Dubai Ports Authority’s two modern terminals.
On-site chamber of commerce, international banks, insurance firms etc.
Mortgaging of company-owned facilities (excluding leased land).
Lease period up to 50 years.
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JEBEL ALI FREEZONE
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
TYPE OF ACTIVITIES
Types of activities include manufacturing, processing, assembling, packaging,
trading, logistics, import/export, distribution, storage, services, etc.
TYPE OF REGISTERATION
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Company (FZCO) - minimum share capital is AED 500,000.
As a Free Zone Establishment (FZE) - minimum share capital is AED 1,000,000.
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JEBEL ALI FREEZONE
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
FACILITY COST & TYPE OF LICENSE
Facility Size Cost in AED per Annum
Land Minimum 5,000 sq mt 30 - 80 per sq mt
Pre-bulitup Factory and Warehouse with Office 320 - 1000 sq mt 120,000 onwards
Offices 28 sqmt - 1000 sq mt 1,800 - 2,200 per sq mtFZE Registration One Time - 10,000
FZC Registeration One Time - 15,000
Branch Registration One Time -5,000
Type of Licenses Offering Cost in AED per Annum Trading (Specific Trading ) 5,500 - 12,500
Industrial 5,500 - 9,000General Trading 30,000Logistics (Branch of UAE based Company) 30,000
Service (Branch of UAE based Company) 8,000These figures are indicative and subject to change
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DUBAI INTERNET CITY (DIC)
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
FEATURES
Dubai Internet City was established on 2000 in Dubai
Part of Dubai Technology and Media Free Zone
Designed to support information and communication Technology Companies
World class technical infrastructure (high bandwidth, low telecom cost, high
speed support infrastructure etc.) built by CISCO, SUN MICROSYSTEMS,
Largest commercial internet protocol telephony system in the world.
Stringent cyber regulations.
Lease up to 20 years.
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DUBAI INTERNET CITY
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
TYPE OF ACTIVITIES
Type of company activities include Software Development, Business Services,
Web Based and e-Commerce, Consultancy, Education and Training, Sales and
Marketing and Back Office Operations, etc.
TYPE OF REGISTERATION
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Company Limited Liability Company (FZ- LLC ) - minimum share
capital is AED 50,000.
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DUBAI INTERNET CITY
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
FACILITY COST & TYPE OF LICENSE
Facility Size Cost in AED per Annum
Offices 1000 sq mt 1,800 per sq mt
FZ LLC Registration One Time -3,500
Branch Registration One Time – 3,500
Type of Licenses Offering Cost in AED per Annum Service (Five Activities) 15,000
These figures are indicative and subject to change
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DUBAI KNOWLEDGE VILLAGE (DKV)
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21 of 33Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
FEATURES
DKV was established on 2000 in Dubai
It is established education and training hub
Designed to provide the infrastructure for developing, sharing and applying
knowledge.
Multimedia library and other common facilities.
• The facilities could be leased for 50 years.
• Type of company activities include IT and Media Corporate Schools,
Executive, Education Centre, HR Development Centre, Professional Training
Centers, Vocational Training Centers, Assessment Centre, Testing Centre,
Linguistic Institute,
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DUBAI KNOWLEDGE VILLAGE
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
TYPE OF ACTIVITIES
Type of company activities include Software Development, Business Services,
Web Based and e-Commerce, Consultancy, Education and Training, Sales and
Marketing and Back Office Operations, etc.
TYPE OF REGISTERATION
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Company Limited Liability Company (FZ- LLC ) - minimum share
capital is AED 50,000.
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DUBAI KNOWLEG VILLAGE
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
FACILITY COST & TYPE OF LICENSE
Facility Size Cost in AED per Annum
Offices 100 – 300 sq mt 280 – 3850 per sq mt
Closed office Varies 32,000 – 35,000( up to 6 months
Commercial Office No space limit 143 – 160 per sq mt FZ LLC Registration One Time -3,500
Branch Registration One Time – 3,500
Type of Licenses Offering Cost in AED per Annum University Segment 50,000 – 100,000School Segment 300,000General Segment 15,000
Free Lancer 7,500
Boarding School 100,000These figures are indicative and subject to change
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DUBAI MULTI COMMODITY CENTERE (DMCC)
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
FEATURES
DMCC was established on 2002 in Dubai
Offers platform for multi commodity trading including Gold and Diamond
Trading in various commodities including gold and precious metals,
diamonds
and colored stones and various services that complement the main core
business.
Free hold ownership of business premises.
Diamond exchange.
50 years tax holiday.
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DUBAI MULTI COMMODITY CENTERE (DMCC)
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
TYPE OF ACTIVITIES
Type of company activities include Gold and Diamond Trading , Commodity Trading
Consultancy , General Trading , Marketing and Back Office Operations, etc.
TYPE OF REGISTERATION
As a branch of a foreign company - no minimum capital required.
As a branch of a UAE company - no minimum capital required.
As a Free Zone Company (DMCCO) - minimum share capital is AED 50,000.
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DUBAI MULTI COMMODITY CENTERE (DMCC)
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
FACILITY COST & TYPE OF LICENSE
Facility Size Cost in AED per Annum
Service Desk Office Varies 17,600
Service Office Space Varies 40,000 – 60,000
Office (Shell & Core ) Varies 80 – 100 sq/ft /Annum
Freehold properties for sale Varies 600 – 900/sq/ftRegistration One Time - 10,010MOA/AOA Fee – 2,010
Type of Licenses Offering Cost in AED per Annum Service 20,010
Trading 20,010General Trading 50, 010
Manufacturing (Depends of Units) 25,000 – 50,000These figures are indicative and subject to change
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DUBAI AIRPORT FREE ZONE (DAFZA)
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +97143277775
FEATURES
DAFZA was established on 1996 in Dubai
DAFZA is an ideal location for high-tech/IT products, luxury items,
- jewellery, light industry and activities related to the aviation
industry
Located in the boundary of Dubai International Airport .
Fast and efficient cargo clearance services (8-24 hours).
International Freight Forwarders and Logistics companies at
DAFZ.
Online customer service (e-Services).
Land with easy access to airport apron.
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HLB HAMT AT GLANCE
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•DUBAI
1999
•Sharjah
2003•RAK
2005
•SAIF
2006•Abu
Dhabi
2007
•JAFZA
2008•Fujairah
2009
•Hamariya
2011
•Qatar
2013
Date Founded Established in Dubai in the year 1999
Partners 6 Full time Partners
Number employees 200 +
Offices in Dubai, Abu Dhabi, Sharjah, Jebel Ali, SAIF Zone, RAK , Fujairah , HFZand Qatar
Clients 2000 +
Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +9714327777528
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CERTIFICATIONS & AFFLIATIONS
Affiliated with HLB International UK
• We are a Quality Management certified firm{ISO 9001:2008}
• We are an ISMS {Information Security Management Systems} certified firm {ISO/IEC 27001:2005}
• Platinum Approved Employer of The Association of Chartered Certified Accountants, UK
• ISAE 3402 Certified Organization
• The CFO – Best Audit Firm Of The Year 2015 Winner
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SERVICES Audit services
External audit Information systems audit and risk
management Internal audit & review engagements Internal control system study and
evaluation
Assurance services
Mergers & acquisitions Due diligence Pre-audit Business restructuring Business valuations Forensic and other investigations
Accounting & business advisory
Accounting/Book keeping Month end financials Accounts payable outsourcing Expenses processing Consolidation of accounts Forecasting & projections Verification, compilation and
maintenance of property & equipment
Inventory verification and valuation
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +9714327777530
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SERVICES Payroll services
Payroll processing and management Checking integrity and validation of payroll data Employee leave management Multi-currency salary payments Employee benefits administration Employee travel expenses management Managing and payment of employee re-
imbursements Co-ordination for work permits WPS payments and setup assistance
Incorporation and Liquidation services
Limited Liability Companies Free Zone Companies and Establishments
Civil Company , Branches and Sole Establishments
Offshore Companies
Other Services
Drafting of legal documents (MOA,Agreements, etc.)
Secretarial Services Organisational Consultancy HR Consultancy and Recruitment Services Asset Valuation Services
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +9714327777531
CONTACT
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Mr. Davis V Kadavan
Email : [email protected]
Mob : 00971509330152
Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +971 43277775
THANK YOU
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Contact UsSuite No 1801,City Tower 2Sheikh Zayed Road, DubaiPhone : +971 43277775
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