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UAE Free Zones

admin — Tue, 29 Dec 2009 11:32:06 +0000

The UAE Free zones are well equipped with all the amenities, facilities and communication infrastructure required to set up a business.

Establishing a business entity in one of the numerous UAE Free Zones (FTZs) can be an attractive option for foreign investors and foreign trade.

All seven Emirates already have, or are developing, such economic zones.

There are over 20,000 companies in 21 Free Zones around the UAE.

The largest Free Zones, by number of companies, are the following:

Jebel Ali Free Zone (6,000 companies)
Sharjah Airport International Free Zone (3,900 companies)
Dubai Airport Free Zone (1,300 companies)
Dubai Media City (1,200 companies)
Dubai Internet City (1,000 companies)

The procedures for establishing a business in a Free Trade Zone are usually very straightforward and can be completed in a short space of time, especially if there are no environmental issues involved.

Individual Free Zones may have specific requirements, but general steps are:

Questionnaire from the relevant Free Zone Authority which will assist in assessing a company’s requirements
License application, planning documents, and a consumer request for electricity
Provisional approval and lease agreement
Meetings with the authority to finalize details of the project

UAE free zones, with the number of zones increasing, their impact on the uae economy has deepened.

The Jebel Ali free Zone being the first free zone in the country has created the benchmark for regulations & incentives.

Its rapid growth has also provided a powerful economic inspiration to the other emirates, which have set up their zones to attract investment.

UAE free zones main mission is to be the free zone management, consultants and advisors of choice by providing world class, technically advanced, transparent and focused business services that allow our partners and clients to thrive in the global market.

Once a legal presence has been established in UAE Free Zone, the business will need to lease premises or land and acquire an operating license from the FZA.

Different types of licenses apply in the different types of free zone, however, in general companies with trade and industrial licenses can only conduct business within the Free Zone or abroad.

To sell their products in the UAE, a UAE official agent is required.

Services and products can be obtained from and within the UAE without an agent.

Other types of license available are service licenses (e.g. banking, insurance, air shipment etc) and national industrial licenses.

For the former the services offered must be the same as those stipulated in the parent company’s license in the UAE or abroad.

The share capital of a company applying for a national industrial license must be at least 51 per cent GCC and 40 per cent of the sale value of the product must be value added.

Uae free zones offers:

Offshore centre in Rakia
Company formation in DIFC, DMCC, DSC, DOZ
Company formation in Dubai technology & research park
General trading in dubai
Dubai studio city free zone
Company formation in building material zone
Nominee shareholder services required in Dubai
Dubiotech
Rakia offshore
Registered Agents with Rak offshore
Dubai design center
Dubai energy city
Abu Dhabi ports city
International humanitarian city
Dubai international academic city
Special purpose company at DIFC
Tecom business park
Rak media city

The main Uae Free Zones are the following:

United Arab Emirates Free Zones
Jebel Ali Free Zone
Dubai Internet City Free Zone
Dubai Media City Free Zone
Knowledge Village Free Zone
Dubai Airport Free Zone
Hamriyah Free Zone
Sharjah Airport International Free Zone
Ras Al khaimah FTZ
Abu Dhabi Airport Free Zone
Ajman Free Zone
Fujairah Free Zone
Dubai logistics

Among these free zones we incorporate is the Ras Al Khaimah Free Zone Company.

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Tags:company formation uae,uae free trade zones,uae free zones

Rak Free Zone

admin — Tue, 29 Dec 2009 09:57:18 +0000

RAK Free Zone has quickly proven itself to be one of the fastest growing and most cost effective free trade zones globally, making true its goals to achieve global brand recognition as a premium investment agency.

Established in the year 2000, it has more than 5000 companies from 106 countries around the globe. It offers a string of benefits to the investors, viz

100% foreign ownership of the enterprise
100% export and import tax exemption
100% repatriation of capital and profits
No corporate for 15 years , renewable for an additional 15 years
No personal income taxes
Transparent laws and regulations

Other benefits to the investors include:

Long term renewable lease
Strategic location with access to over 1.2 billion consumers
Transparent laws and regulations
Promotion centers in Dubai and Abu Dhabi
Simple and fast application procedures
State of art communication facilities
Excellent seaport and international airport facilities
Abundant energy supply
Marketing support facilities

Rak free zone is a world class business hub and a vehicle for industrial growth and development.

The RAK free zone, with its cutting edge technology and keen customer focus, offers on-demand and custom-built support services to investors in a cost effective and flexible environment.

The Free Zone also offers a range of unique services, which include the legal, human resources and marketing assistance.

An investor is entitled 100% ownership of his company as long as company conducts business within the free zone or abroad.

Over the years, RAK has set up free trade zones to give a push to its exports.

These free zones are under two different authorities: RAK Free Trade Zone and RAK Investment Authority (RAKIA).

All types of businesses can be set up within Rak free zone. An independent free zone authority governs the freezone and is the agency responsible for issuing free zone operating license and assisting companies in establishing their businesses in the free zone.

An FZE/FZC is a body corporate with a limited company governed by the rules and regulations of the free zone in which it is established.

There is no minimum capital requirement for establishing a branch in Rak free zone. The minimum capital requirement is AED 100000 for establishing FZE/FZC.

The procedures for establishing are very simple and can be completed in a short time, especially if there are no any environmental issues involved.

By segregating business activities according to function, operational requirements, and the needs of the surrounding communities, Rak free zone has created a system of three Free Zone Parks.

The three Parks: Technology Park, Industrial Park and Business Park are spread over three different locations within the Emirate. The 71 hectare RAKFTZ Technology Park is located at the Southern corner of the Emirate.

The first RAK free zone park is a Business Park for trading and service which has fully-equipped offices.

In addition, the RAK Exhibition Centre, a five star hotel and a shopping and entertainment complex are all within proximity.

The second section houses the Industrial Park, which was designed for heavy industrial production and warehousing of raw materials or finished products. Plot sizes are provided to suit individual client requirements and are fully serviced with water, electricity and telecommunications.

The third is a Technology Park located in a rapidly expanding area devoted to automated manufacturing and capital intensive quality lifestyle projects such as electronics and apparel. Moving forward, the Rak free zone is expected to see more and more companies joining in.

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Tags:About Us,rak free zone,uae free zones

Uae free zones

admin — Tue, 16 Jun 2009 06:30:31 +0000

The UAE Free zones are well equipped with all the amenities, facilities and communication infrastructure required to set up a business.

Establishing a business entity in one of the numerous UAE Free Zones (FTZs) can be an attractive option for foreign investors and foreign trade. All seven Emirates already have, or are developing, such economic zones.

There are over 20,000 companies in 21 Free Zones around the UAE. The largest Free Zones, by number of companies, are the following:

Jebel Ali Free Zone (6,000 companies)
Sharjah Airport International Free Zone (3,900 companies)
Dubai Airport Free Zone (1,300 companies)
Dubai Media City (1,200 companies)
Dubai Internet City (1,000 companies)

Questionnaire from the relevant Free Zone Authority which will assist in assessing a company’s requirements
License application, planning documents, and a consumer request for electricity
Provisional approval and lease agreement
Meetings with the authority to finalize details of the project

Uae free zones, with the number of zones increasing, their impact on the uae economy has deepened. The Jebel Ali free Zone being the first free zone in the country has created the benchmark for regulations & incentives.

Its rapid growth has also provided a powerful economic inspiration to the other emirates, which have set up their zones to attract investment.

Once a legal presence has been established in UAE Free Zone, the business will need to lease premises or land and acquire an operating license from the FZA.

Different types of licenses apply in the different types of free zone, however, in general companies with trade and industrial licenses can only conduct business within the Free Zone or abroad.

To sell their products in the UAE, a UAE official agent is required. Services and products can be obtained from and within the UAE without an agent.

Other types of license available are service licenses (e.g. banking, insurance, air shipment etc) and national industrial licenses.

For the former the services offered must be the same as those stipulated in the parent company’s license in the UAE or abroad.

The share capital of a company applying for a national industrial license must be at least 51 per cent GCC and 40 per cent of the sale value of the product must be value added.

Uae free zones offers offshore centre in Rakia, Company formation in DIFC, DMCC, DSC, DOZ, Company formation in Dubai technology & research park, general trading in dubai, dubai studio city free zone, company formation in building material zone, nominee shareholder services required in Dubai, dubiotech, rakia offshore, registered Agents with Rak offshore, dubai design center, dubai energy city, abudhabi ports city, international humanitarian city, dubai international academic city, special purpose company at DIFC, tecom business park, tecom, enpark, dubiotech, rak media city.

The main Uae Free Zones are the following:

United Arab Emirates Free Zones
Jebel Ali Free Zone
Dubai Internet City Free Zone
Dubai Media City Free Zone
Knowledge Village Free Zone
Dubai Airport Free Zone
Hamriyah Free Zone
Sharjah Airport International Free Zone
Ras Al khaimah FTZ
Abu Dhabi Airport Free Zone
Ajman Free Zone
Fujairah Free Zone
Dubai logistics

Among these free zones we incorporate is the Ras Al Khaimah Free Zone Company.

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Tags:rak company,rak free trade zone,rak free zone,uae free zones

Rak free zone

admin — Sat, 13 Jun 2009 12:59:33 +0000

RAK Free Zone has quickly proven itself to be one of the fastest growing and most cost-effective free trade zones globally, making true its goals to achieve global brand recognition as a premium investment agency.

Established in the year 2000, it has more than 5000 companies from 106 countries around the globe. It offers a string of benefits to the investors, viz

100% foreign ownership of the enterprise
100% export and import tax exemption
100% repatriation of capital and profits
No corporate for 15 years , renewable for an additional 15 years
No personal income taxes
Transparent laws and regulations

Other benefits to the investors include long term renewable lease, strategic location with access to over 1.2 billion consumers, transparent laws and regulations, promotion centers in Dubai and Abu Dhabi, simple and fast application procedures, state of art communication facilities, excellent seaport and international airport facilities, abundant energy supply, and marketing support facilities.

Rak free zone is a world-class business hub and a vehicle for industrial growth and development. The RAK free zone, with its cutting-edge technology and keen customer focus, offers on-demand and custom-built support services to investors in a cost-effective and flexible environment.

The Free Zone also offers a range of unique services, which include the legal, human resources and marketing assistance.

An investor is entitled 100% ownership of his company as long as company conducts business within the free zone or abroad. Over the years, RAK has set up free trade zones to give a push to its exports. These free zones are under two different authorities – RAK Free Trade Zone and RAK Investment Authority (RAKIA).

Investor can either register the new company in the form of free zone establishment (FZE), free zone company (FZC) or simply establish a branch or representative office of their existing or parent company based within uae or abroad. An FZE/FZC is a body corporate with a limited company governed by the rules and regulations of the free zone in which it is established.

There is no minimum capital requirement for establishing a branch in Rak free zone. The minimum capital requirement is AED 100000 for establishing FZE/FZC. The procedures for establishing are very simple and can be completed in a short time, especially if there are no any environmental issues involved.

By segregating business activities according to function, operational requirements, and the needs of the surrounding communities, Rak free zone has created a system of three Free Zone Parks.

The first RAK free zone park is a Business Park for trading and service which has fully-equipped offices. In addition, the RAK Exhibition Centre, a five star hotel and a shopping and entertainment complex are all within proximity.

The third is a Technology Park located in a rapidly expanding area devoted to automated manufacturing and capital-intensive quality lifestyle projects such as electronics and apparel. Moving forward, the Rak free zone is expected to see more and more companies joining in.

Go back to home page.

Tags:rak company,rak free zone,ras al khaimah free zone,uae free zones

Company formation uae

admin — Thu, 11 Jun 2009 09:06:21 +0000

Company Formation in UAE may take one of seven forms:

1) Public Shareholding Companies

2) Private Shareholding Companies

3) Limited Liability Companies

4) General Partnerships

5) Limited Partnerships

6) Partnerships Limited by Shares

7) Shareholding Companies

Companies not taking one of these forms for Company Formation UAE are not legally recognized, and persons contracting in their name will be jointly and severally liable for the obligations arising from such contracts.

Exceptions apply only for companies located in a Free Trade Zone. There are also requirements determining minimal capital contributions, the number of directors and shareholders, and incorporation procedures.

Each entity must be registered and licensed with the UAE Federal Ministry of Economy and Commerce and with the appropriate authority in the Emirate in which its office will be located.

Furthermore, the law for company formation uae sets forth the general rule that participation of UAE nationals should never be less than 51 percent in any commercial enterprise. Some business forms and structures are generally not available to foreign investors, as will be elaborated below.

Public share holding company

Public shareholding company formation in uae is a company with a capital divided into equal negotiable shares. In such companies a shareholder’s liability is limited by the number of shares held by him.

Minimum capital required to form a public share holding company in uae is AED 10 million with a nominal face value of AED 1-100. Shares are registered in a share register and cannot be issued lower than the nominal value. All shares must have equal rights.

The Board of Directors must have a minimum of three and not more than twelve directors. The chairman, as well as a majority of the board, must be UAE nationals for public share holding company formation in uae.

Private Shareholding Company

Another company formation in uae is private share holding company. A private shareholding company must have a minimum of three shareholders. The minimum share capital to form a private share holding company is AED 2 million. Shares may not be offered to the public. The Chairman and majority of the Directors in a private shareholding company must be uae nationals.

Limited Liability Company

This type of company formation in uae is widely accepted way to business. Under the Commercial Companies Law or CCL (Federal Law No. 8 of 1984 Concerning Commercial Companies as amended by Federal Law No 1 of 1984 and Federal Law No 13 of 1988, Federal Law No. 15 of 1998), foreign investors are permitted to hold up to 49 per cent equity ownership in UAE companies, 51 per cent of the equity must be held at all times by one or more UAE nationals.

This type of company formation uae can be formed by a minimum of two and a maximum of fifty persons. Shareholder liability is limited to the value of shares held in the company’s capital.

The minimum capital required to establish a limited liability company is DH 150,000 in other emirates and DH 300,000 in Dubai… Non-UAE nationals may own up to 49 percent of an LLC. The Companies Law provides that an LLC may engage in any lawful activity except insurance, banking and investment of money for others.

Partnerships

General Partners

General Partnership company formation in uae is a type of company where all the shareholders are jointly liable for the company liabilities to the extent of their assets.

All the partners should be UAE nationals. General partnerships are formed by two or more UAE nationals who are jointly and severally liable for its debts. Interests of a partner can be transferred as stipulated in the partnership agreement or with the approval of all partners.

Limited Partnership

A limited partnership is another type of company formation in uae which composed of one or more general partners who are jointly and severally liable for all of its debts, and one or more limited partners who are liable for the limited partnerships debts only to the extent of his capital contribution.

A partnership limited by shares has both general partners with unlimited liability and partners whose liability is limited by their shares in the capital. The capital must be at least DH 500,000 and has to be divided into negotiable shares of equal value.

Joint Ventures

Another company formation in uae is Joint Participation is a form of company consists of two or more partners for carrying out a single or multiple businesses by one of the partners in his own personal name.

This is a contractual agreement between a foreign party and a local party licensed to engage in the desired activity. The local equity participation in the joint venture must be at least 51%, but the profit and loss distribution can be prescribed.

There is no need to license the joint venture or publish the agreement. The foreign partner deals with third parties under the name of the local partner who – unless the agreement is publicized – bears all liability.

A joint venture is a type of company formation in uae where contract may be written or oral and not required to be notarized. Third parties can recourse only to the partners with whom they deal.

Structures Available to Foreign Investors

General – A foreign investor may chose to participate with up to 49 percent in a company formed in one of the structures open to foreign investors. Despite the requirement that the majority of shares must be held by UAE nationals.

Branches – A foreign company may establish a branch in the UAE but a local sponsor or agent is required who must be either a citizen of the UAE or a company wholly-owned by citizens of the UAE.

A branch must be registered with the local chamber of commerce and the municipality. Since February 1990, branches of foreign companies (including those already in existence) are also required to register with the Ministry of Economy and Commerce.

International company (offshore) – the most common uses of Offshore Companies are for business and investment purposes in order to protect your assets by minimizing your taxes.

The minimum number of shareholders is one person and maximum is 50 persons and they can select their own minimum capital in order to set up the company. Name of the company must include the suffix Limited or Ltd to denote limited liability.

If you are looking for an offshore company in the Middle East, rak offshore is the cheapest.

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Tags:company formation uae,incorporation offshore,rak company,uae free zones

RAK Company * RAK Offshore * RAK Free Zone * RAK Dubai * RAK UAE » uae free zones

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