Doing Business in UAE Free Zone?

The first free zone opened its gates in Dubai back in 1980. The Jebel Ali free zone, in fact, paved the way for these tailor-made business areas throughout the UAE. The Dubai free zone model later adapted to incorporate cluster economy ethics, allowing free zones such as Dubai Media City, Dubai Internet City, Dubai International Financial Centre, Dubai Knowledge Village and Dubai Healthcare City to become well-established players in the economy.

More freezones soon sprung up around the Emirate, including the Gold and Diamond Park, Dubai Multi-commodities Centre, and the Dubai Airport Free zone.

Freezones have been designed to attract companies and play an important role in both engaging and retaining their business.

Jitendra Consultancy Group Provide best services in business formation in UAE. What, then, are the benefits to setting up in a free zone? Jitendra Gianchandani, managing partner, Jitendra Consulting Group, says there are many benefits.

Read More: https://www.academia.edu/19765333/Doing_Business_in_UAE_Free_Zone

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Doing Business in UAE – The Prospects and Many More

The United Arab Emirates has established itself as one of the prominent regional business hubs over the last decade, owing to its seamlessly business friendly set-up and growing economy. This transformation of Dubai has attracted the attention of entrepreneurs from all over the world. Now people look for a chance for Doing Business in UAE. Most probably, you also share the same interest and that is the reason why you are on this page. Isn’t it? Well, whatever may your requirements or motives be, here are some important information regarding setting up business in UAE.

Types of establishments allowed by law

According to the law of UAE, foreign entities (who are eager to start their businesses in Dubai) are allowed to start five different types of formal or business establishments in the country. They are given as under –

1. Start a permanent establishment
2. Set up a branch office
3. Establish an entity in the free zones of UAE
4. Set up a civil company (only in Dubai and Sharjah)
5. Get started with a commercial agency contract

About UAE free zone

The government of UAE authorizes foreign entities to establish business in the free zones. These zones are strategically located in – Abu Dhabi, Sharjah, Fujairah, Ras Al Khaimah, Umm Al Quwain and Ajman. There are many benefits of UAE Company Formation and the list of free zones is also endless. To sum up, business opportunities in these zones are many.  Types of business licenses issued for operating in the free zones are –

• Trade license
• General trading license
• National industrial license
• Service license
• Industrial license  

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Business set up in Sharjah – Benefits, Strategic Location and Finding a Reliable Consultancy Firm

Sharjah, the location of this city, pocket-friendly real estate pricings, its business-friendly set-up and growing population make it one of the perfect sites for setting up businesses in the United Arab Emirates. Apart from that, there are so many other benefits of Business set up in Sharjah. Going through this post would help you get familiarize with them. Read on!

Prominent benefits of setting up business in Sharjah

·         Amazing tax benefits

·         Strategically located free zones

·         100% ownership

·         Provision of doing multiple businesses

• Permission for opening bank account in Dubai

What is so strategic about the location?

As far as the location of the UAE free zones are concerned, you might have heard about their well-thought and strategic position. These zones are located between and near airport and seaport. This makes logistics simple, easy and convenient. 

However, getting started with the process of Business set up in Sharjah involves a number of formalities. In order to get through them, you would need the assistance of a reliable and well-established consultancy firm or else you have to face delays and other unwanted consequences.

How to find a consultancy firm?

In regard to the increased interest of businessmen from all around the globe in setting up business in Dubai, you are more likely to find a number of firm offering consulting and Accounting Services in Sharjah. However, before selecting a company, do remember to check for the following requirements:

• ISO 9001:2008 Certification
• Association of Chartered Certified Accountants – Approved Employer

These are the benchmarks of high quality services and reliability. 

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3 Things to Consider for Business Setup in Dubai

Dubai is one of the best places in the world to setup a lucrative business. This is simply because this city welcomes overseas investments greatly and their restrictions usually are the most liberal in the world. Here we enlighten you on the important things to know before carrying out business setupin Dubai.

•          Extensive knowledge of the area: As a sole proprietor or business franchise, it is essential to have extensive knowledge regarding the region. Research the concerned business sector, status of locally operating markets and overall scope of establishing the business of your choice in the area. Search for investment opportunities from your resources or a bank.

•          Engage a local partner: Dubai laws require foreign businesses to liaise with local partner who holds 51% company shares. This local partner need not contribute financially to the start-up's investment, but they do have a say in the dealings of the company.

•          Approval from Ministry of Commerce: After your business has been registered, you will need to formally get approved from the Ministry of Commerce by showing that you possess the required sum of money for making investments. The actual amount may vary between states, but it usually is around $10,000. This sum is considered as the guarantee against various liabilities.

It is essential to take into account the aforementioned points while considering business formation in Dubai. If you wish to hold 100% company ownership, you should start the business in UAE free zones. However, keep in mind that rental prices in free zones are higher than those in the city.

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Trademark Registration in Dubai & UAE: Tips & Facts

Trademark registration is an important procedure that should be undergone by every company aspiring for nationally recognized standards. A registered trademark is the pride of the company and speaks of its authenticity. Here we present you with a few tips and facts of trademark registration in UAE.

Trademark registration methods: For national registration, you need to register the trademark in only one country. This can be done by applying at the local office of trademark for national registration. The application procedure of trademark in UAE begins with the conduction of an exam by Trademark authority.

Trademark registration procedure: The application procedure involves a formal exam, which is nothing but an exam of uniqueness or a search of preceding trademarks. The process from the first filing step to registration takes up to 12 months. Before registration however, the application for trademark is usually published in official Government gazette.

Duration: A trademark when registered in UAE holds validity for about ten years. Registration stays renewable only for ten-year tenure.

Requirements for the Registration: The set of documents required for trademark registration process includes a PoA authorized by the candidate, the trademark's soft copy, detailed description of products and services covered by the candidate, address and identity proof of the candidate.

Regarded as a cumbersome and lengthy procedure earlier, registration of trademark has become extremely simple and short now, thanks to the advent of technology. To carry out trademark registration in Dubai, it always helps to avail the services of a third party organization.

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Incentives & Limitations of Business Formation in UAE Free Zones

Free zones or free trading zones are areas designed for promoting better business growth by offering 100% company ownership to the expatriates as well as the convenience of single window administration. UAE free zones are either conjoined to ports or are industry-specific.

More Information then Click Here: https://medium.com/@jitendragroup/incentives-limitations-of-business-formation-in-uae-free-zones-4b7d406c1514

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