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  • 8/9/2019 Report on Free Zone

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    Report On

    United Arab Emirates Free Trade Zones

    Institute Of Management Technology Dubai

    repared !y"

    #amran #han

    Roll $o% &M!A '()*+

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    ,O$TE$T

    Introduction of United Arab Emirates-3

    About Free Zone-4 to 7 Advantages Of Free Zones-7 to 8

    Disadvantages of free zones-8

    About offsore com!an"-8 to #3

    Factors $at %ave &een 'ontributed $o(ards Its )uccess-#3

    Factors $at )ou*d &e 'onsidered +i*e 'oosing Free Zone-#4

    %o( $o )etu! &usiness In Free Zone-#4 to #7

    ,rocedure $o Obtain A icense-#8

    ega* &usiness )tructure In UAE-#.

    $"!es of *icense in UAE free zone-/0

    Free zones in te UAE-/0 to 3.

    'om!arison cart-3. to 4#

    Anne1ure -4/

    I$TRDU,TIO$ OF UAE

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    $e United Arab Emirates 2UAE (as estab*ised on /nd December #.7# and is a federation of

    seven emirates name*"5 Abu Dabi Dubai )ar6a as A* aima Umm A* 9u(ain A6man

    and Fu6aira:

    $e United Arab Emirates is situated in te Eastern !art of te Arab (or*d: It over*oo;s te

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    .hat is Free Zone/

    Free Zones 2a*so ;no(n as free trade zones are designed for boosting internationa* business

    troug !roviding #00 o(nersi! to e1!atriates and sing*e (indo( administration

    convenience: In UAE free zones are eiter attaced to !orts or industr" s!ecific:

    Free zones in UAE are s!ecia**" designed area for !romoting e1!ort trade and o!ening te ome

    econom" to outside (or*d and to !rovide entre!reneurs a (ider range of o!tions: $e g*oba*

    econom" is becoming increasing*" more interde!endent and a free trade zone e*!s as a gate(a"

    to e1!ort !roducts: Eac Emirate as estab*ised free zones in te res!ective Emirates to

    !romote Internationa* $rade: A!!ro1imate*" #0000 com!anies are estab*ised in te UAE free

    zones and te numbers gro( dai*"

    UAE as become te idd*e Easts !remier investors eaven: $e fo**o(ing factors ave

    contributed to(ards its success )trong government *eadersi! )trategic *ocation arge G (e**

    estab*ised trade *in;s egiona* economic gro(t and *ibera*ization O!!ortunities for re-e1!ort

    Accessibi*it" )tabi*it" O!en and free economic s"stem +or*d-c*ass infrastructure o( crime rate

    )trong *oca* commercia* tradition E1tensive foreign trade net(or; a!id*" deve*o!ing

    manufacturing sector

    It is im!ortant for "ou to understand te free zone incentives and concerns tat come (it

    o!ening a com!an" in a region (it favorab*e ru*es and *a(s as far as businesses are concerned:

    $is (i** e*! "ou ma;e an informed decision as "ou contem!*ate starting a com!an": )etting u!

    a free zone estab*isment means tat "ou (i** (or; (itout ars customs re?uirements and

    oter restrictive structures: $is means "ou are e1em!ted from te *a(s of te region (ic ma"

    be ver" (e*coming for com!anies and organizations:

    $e autorit" in tat region (i** e*! "ou in administrating "our com!an" because it is !art of

    teir inducement in order to boost te gro(t of suc com!anies: $erefore tere (i** be no

    cause for concern tat "our com!an" is a*(a"s on te autorit"s s!ot*igt as *ong as "ou fo**o(

    teir guide*ines (en o!erating "our com!an" in tis region: In addition "ou (i** ave an eas"

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    time finding a (or;force tat fits te needs of te com!an" and a*so te !o*icies and ob6ectives

    of its o!erations:

    For instance "ou can consider starting a com!an" in Hebe* A*i Free Zone Dubai Internet 'it"

    Free zone or in Dubai Air!ort free zone amongst oter !*aces: +en "ou understand te basic

    advantages "ou accrue from getting into tis mar;et it is time "ou get advice from e1!erts:

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    (at "ou are u! against: Bou a*so *earn about te under*"ing factors in re*ation to te t"!e of

    com!an" "ou (ant suc as a !artnersi! !ub*ic com!an" or even a !rivate one: $is information

    is more accurate (en received from a !erson (o as assisted oter com!anies in te same

    region and ence e or se ;no(s te *oo!o*es and (at ma" a!!en if te com!an" gets in as

    !ub*ic or !rivate:

    emember a** tis is based on te *ega* standing of te autorit" in te region: In addition "ou

    (i** get te rigt services de!ending on te area of s!ecia*ization of te com!an" "ou (ant: For

    instance if "our com!an" dea*s (it te sa*on industr" "ou need information tat re*ates to tis

    sector and it (i** not be te same case for a !erson (o (ants a com!an" tat and*es fis

    farming: +en dea*ing (it a team of e1!erts (o !rovide assistance in a variet" of sectors and

    fie*ds tere are no cances of over*oo;ing an" im!ortant ste!s in te formation on*" to regretafter(ards:

    Anoter area of concern is te immigration ru*es and re?uirements: If "ou ave done business

    out of "our countr" before "ou ;no( tat one of te ob*igations is ensuring tat te (or;force or

    "ou is !ermitted b" *a( to be (itin te boundaries of te destined countr": Bou cannot ignore

    tis: +eter "ou (ant an em!*o"ment visa or a visit visa "ou must ensure tis !art is covered

    ade?uate*": Bou sou*d a*so ;no( te reasons tat ma" !rom!t autorities to cance* "our visa or

    (orse ave "ou de!orted:

    $is e*!s "ou ;no( te !arameters to maintain: Find out about activities tat affect te (or;ing

    *ife for "our com!an" suc as te *icensing of com!an" veic*es rene(a* of free zone *icenses

    and visa as (e** as getting a !osta* address and o( to co**ect mai*: In essence tere is a *ot for

    "ou to do and it a** boi*s do(n to getting "our facts rigt and see;ing information tat (i** ensure

    "our com!an" is acce!ted and (itin te *ega* e1!ectations of te region: $ere are so man"

    com!anies tat ave ta;en tis road before after rea*izing te" ave a nice: Bou (ant to do te

    same and ensure "ou can survive te osti*it" tat comes (it moving into a ne( regionC some

    of it !ositive (i*e oter forces migt so( "ou tat "our com!an" cannot *ast: Hust do "our !art:

    $is means "ou a*so need to *earn about te demogra!ics of te region *earn te *anguages

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    used in te *and and te econom" of te area so tat "ou can ada!t ever"ting "ou bring on

    board to suit te mar;et (en setting u! a free zone estab*isment:

    $e UAE offers 3 different st"*es of o!erating environments for com!anies to conduct business:

    On0&hore0com!anies are norma**" used to trade (itin te *oca* UAE mar;et: $ere are severa*t"!es of On-)ore com!anies (ic can be incor!orated: On-)ore com!anies re?uire a UAE=ationa* to act as an Agent or com!an" sareo*der:

    Free0Zone0com!anies ma" be #00 o(ned b" e1!atriates 2no need for a UAE nationa*!artner: &usiness can be conducted (itin te UAE (it some restrictions:

    Off0&hore0com!anies ma" be #00 o(ned b" e1!atriates: Often used as asset !ro!ert" oro*ding com!anies for oter businesses inside or outside te UAE .

    Ad1antages of Free Trade Zones

    #00 foreign o(nersi!:

    #00 cor!orate and !ersona* ta1 e1em!tion:

    #00 re!atriation of ca!ita* and !rofits:

    #00 cor!orate and !ersona* ta1 e1em!tion:

    #00 commercia* *evies and service carges e1em!tion:

    #00 im!ort G e1!ort dut" e1em!tion:

    #00 e1!atriate (or;ers staff a**o(ed:

    #00 contro* of "our business at a** times:

    Free transfer of funds and stab*e currenc" *in;ed to U) and Abundant and ine1!ensive

    energ":

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    Un*imited (or; force (it economica* (age structure and =o idden fees and ta1es:

    +aiving of currenc" restrictions and 'om!etitive *easing renting rates for office !re-

    bui*t (areouse ig and medium rise bui*ding and vacant *and for *arge !ro6ects:

    inimum bureaucrac" and Fast and sim!*e !rocessing of re*evant *icenses:

    )trategic *ocation bet(een East and +est and Access to over #:> bi**ion consumers (it

    ra!id*" demanding and aff*uent consumer mar;et in te region:

    'om!etitive structure of !ro!ert" G e?ui!ment *eases:

    A /4 our ot*ine for e?ui!ment and !rovision of *abor in cargo o!eration:

    E1ce**ent internationa* sea *and and air *in;s and g*oba* G regiona* communication:

    Dis ad1antages of free -ones

    A Free Zone 'om!an" is not a**o(ed to trade direct*" (it UAE mar;et:

    $e Free Zone 'om!an" can underta;e te *oca* business on*" troug te *oca**"

    a!!ointed distributors:

    'ustom Dut" @ is a!!*icab*e for te *oca* business.

    About offshore company

    An innovation of te Free-Zone autorities te conce!t of an JOff-)oreJ com!an" in te UAEis a f*e1ib*e cor!orate entit" (ic a**o(s for te a mi1ture of On-)ore and Off-)ore features

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    egistered (itin a Free Zone te Offsore 'om!an" as severa* of te benefits of a standard

    Free-Zone imited iabi*it" 'om!an" 2FZ-' but is not intended as a substitute for a FZ-'

    com!an"

    An Off-)ore com!an" can conduct businessoutsideof te UAE - but genera**" not (itin:

    %o(ever it can o!en and o!erate ban; accounts (it UAE-based ban;s can o(n investments

    inside and outside of te UAE and can a*so o(n rea* estate in Dubai in certain designated areas

    2(ic are a!!roved b" te Free Zone registrar: Income derived from its investments 2inc*uding

    rea* estate can be e*d in te com!an" ban; account and re!atriated tereafter:

    Un*i;e oter Free-Zone com!anies tere is no minimum ca!ita* re?uirements for an Off-)ore

    com!an" to incor!orate:

    A minimum of / directors 2ma1imum of @ are re?uired a** of (om must be natura* !ersons 2no

    cor!orate directors: )areo*der2s ma" be eiter natura* !ersons or cor!orate entities an" of

    (ic ma" a*so be non-resident 2e1!atriates:

    Off-sore 'om!anies sou*d be estab*ised in one of te offsore business centers: In te UAE

    Hebe* A*i Free Zone (as te first bod" offering suc *ega* entities but tese are no( offered b"

    A Free $rade Zone and as A* aima Investment Autorit" 2AIA: An off-sore

    com!an" does not need a minimum ca!ita* for incor!oration and it is o!tiona* to a!!oint a

    managing director: %o(ever te com!an" must be founded troug an agent: 2Eac off-sore

    center as a *ist of certified agents: An off-sore com!an" is deemed to e1ist in an off-sore

    6urisdictionC neiter te sareo*ders nor te directors 2if an" can obtain a residence !ermit

    under an off-sore com!an": An off-sore com!an" is restricted from carr"ing out business in

    te UAE (eter in*and or in a Free Zone areaC it can on*" carr" out its activities abroad: It

    o(ever can o!en a ban; account in te UAE in order to carr" out business transactions:

    'ommon*" an off-sore com!an" is te best veic*e for foreign investors to bu" rea* estate

    (itin te freeo*d areas under te name of te com!an": $e reason for tis is tat on occasion

    te deve*o!er sti!u*ates tat te bu"er sou*d be a UAE *ega* entit": $is condition is sometimes

    im!osed on te deve*o!er b" te !*anning Autorit" (ic determined te freeo*d area: A!art

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    from te reason mentioned above tere are considerab*e advantages for a foreign investor to

    ave iser rea* estate under an off-sore com!an"Ks name: First*" to avoid te com!u*sor"

    a!!*ication of Is*amic )aria a( on ineritance issues and second*" te rese**ing of rea* estate

    can be sim!*" made b" transferring te sares of te off-sore com!an" to te bu"er:

    $e basic re?uirement for a** business activit" in Dubai is one of te fo**o(ing tree categories

    of *icenses5

    - 'ommercia* *icenses covering a** ;inds of trading activit":

    - ,rofessiona* *icenses covering !rofessions services craftsmen and artisans:

    - Industria* *icenses for estab*ising industria* or manufacturing activit":

    $ese *icenses are a** issued b" te Dubai Economic De!artment: %o(ever *icenses for some

    categories of business re?uire a!!rova* from certain ministries and oter autorities5 for

    e1am!*e ban;s and financia* institutions from te 'entra* &an; of te UAEC insurance

    com!anies and re*ated agencies from te inistr" of Econom" and 'ommerceC manufacturing

    from te inistr" of Finance and Industr"C and !armaceutica* and medica* !roducts from te

    inistr" of %ea*t:

    ore detai*ed !rocedures a!!*" to businesses engaged in oi* or gas !roduction and re*ated

    industries: ,racticing some trade activities 2e:g: 6e(e*r" and insurance re?uires te submission

    of a financia* guarantee issued b" a ban; o!erating in Dubai: In genera* a** commercia* and

    industria* businesses in Dubai sou*d be registered (it te Dubai 'amber of 'ommerce and

    Industr"

    #ey benefits of the Off0&hore ,ompany are"

    )ort set-u! time

    =o re?uirement for an office in Free-Zone

    #00 o(nersi! b" E1!atriates

    =o currenc" restrictions

    A** income and !rofits ma" be re!atriated

    =o cor!orate !ersona* or ca!ita* gains ta1

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    )trong cor!orate !rivac"

    O!en and o!erate ban; account in te UAE

    Ab*e to o(n !ro!ert" in Dubai

    =o residenc" visa (itout an office

    'an o(n investments inside and outside of te UAE

    2ebel Ali Offshore

    $e announcement of te Hebe* A*i Free Zone Offsore 'om!anies egu*ations in ear*" /003

    b" te Hebe* A*i Free Zone Autorit" (as ig*" a!!reciated b" te investors: $e regu*ation

    !ermitted formation of offsore com!anies (itin te Free Zone and confirmed te Free

    Zones commitment to continuous gro(t in a ra!id d"namic and canging economic

    environment ;ee!ing !ace (it (or*d-(ide deve*o!ments:

    Offsore com!anies can be suitab*" uti*ized as an investment o*ding com!an"C rea* estate

    o*ding com!an"C for furter investments in *oca* or Free Zone com!aniesC and for Internationa*

    $rading: Firms of accountants and *a("ers as a!!roved b" te Autorit" are !ermitted to !rovide

    services to c*ients for registering offsore com!anies registered office and for acting as agents

    for te com!anies:

    A recent decision b" te Dubai and De!artment as made Hebe* A*i Offsore com!anies more

    attractive to investors: $e Dubai and De!artment signed a emorandum of Understanding

    (it te Hebe* A*i Free Zone Autorit" to regu*ate registration of !ro!ert" in te name of

    offsore com!anies: In effect offsore com!anies incor!orated in foreign 6urisdictions suc as

    Is*e of an &ritis Lirgin Is*ands auritius etc: (i** not be !ermitted to register o(nersi! of

    !ro!ert" in Dubai e1ce!t troug a Hebe* A*i Offsore 'om!an": $is ne( !o*ic" is a*so

    e1!ected to a!!*" to foreign-o(ned free zone or offsore com!anies estab*ised in oter

    Emirates:

    &alient features of the offshore companies are5

    imited iabi*it" 'om!an" =o minimum ca!ita* re?uirement

    e?uirement to ave an a!!roved registered agent eiter (itin te Free Zone or in te

    Emirate of Dubai

    e?uirement to a!!oint sareo*der Directors anager and )ecretar"

    &earer sares not !ermitted

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    =o !ersona* or cor!orate income ta1

    Issue of sares of on*" one c*ass !ermitted:

    e?uirement to ave accounts audited on annua* basis:

    Offshore companies are allo3ed to"

    %ave contacts (it *ega* consu*tants *a("ers accountants and auditors

    %ave ban; account in te UAE

    &ecome sareo*ders in a ne( or e1isting Free Zone Entities or an '

    %o*d sareo*ders and directors meeting (itin te UAE

    'arr" out Internationa* $rading

    Offshore companies are not allo3ed to"

    'arr" on business (it !ersons resident in te UAE

    O(n an interest in rea* estate !ro!ert" situated in te UAE oter tan a *ease !ro!ert"

    referred to in te regu*ations or a!!roved b" te autorities

    'arr" on a ban;ing business

    'arr" on business as an insurance or re-insurance com!an" insurance agents or

    insurance bro;ers

    'arr" on an" oter business (ic ma" b" regu*ations be !roibited b" te

    autorities:

    Ras Al #haimah Offshore

    )imi*ar to te conce!t of offsore com!an" in te Hebe* A*i Free Zone te as A* aima Free

    $rade Zone Autorities ave *aid do(n te regu*ations to incor!orate Internationa* 'om!anies in

    te as A* aima Free $rade Zone 2AF$Z: $e regu*ations !rescribe tat te

    incor!oration of te Internationa* 'om!an" sa** be troug a registered agent: $e firms ofaccountants and *a("ers a!!roved and *icensed for tat !ur!ose b" te AF$Z are !ermitted

    to !rovide services to c*ients for registering Internationa* com!anies registered office and for

    acting as te agents for te com!anies.

    &alient features of the International ,ompany are"

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    'om!anies (i** ave a *imited *iabi*it" status and te !ossib*e name suffi1es are

    MimitedN or MIncor!oratedN or teir abbreviations MtdN or MInc:N

    =o minimum ca!ita* re?uirement

    e?uirement to ave an a!!roved registered agent eiter (itin te Free Zone or in te

    Emirate of Dubai

    e?uirement to a!!oint sareo*der Directors anager and )ecretar"

    &earer sares are !ermitted: %o(ever te bearer sareo*ding is !ermitted (it a

    restriction tat it sa** be e*d b" te registered agent acting as a nominee on bea*f of

    te beneficia* sareo*der: $e beneficia* sareo*ders detai*s and an" cange tereof

    (ou*d be re?uired to be furnised to te AF$Z

    )ares can be of different c*asses

    ,rovision for te sareo*ders members to a!!*" for te ineritance *a( of teir coice

    =o !ersona* or cor!orate income ta1

    =o re?uirement to ave te accounts audited on an annua* basis

    International companies are allo3ed to"

    %ave contacts (it *ega* consu*tants *a("ers accountants and auditors

    %ave ban; account in te UAE

    &ecome sareo*ders in a ne( or e1isting Free Zone Entities or an '

    %o*d sareo*ders and directors meeting (itin te UAE

    'arr" out Internationa* $rading

    International companies are not allo3ed to"

    'arr" on business (it !ersons resident in te UAE

    'arr" on a ban;ing business

    'arr" on business as an insurance or re-insurance com!an" insurance agents or

    insurance bro;ers

    'arr" on an" oter business (ic ma" b" regu*ations be !roibited b" te

    autorities

    $o attract investments of e1!ertise and ca!ita* te governments of te individua* Emirates see;

    to !rovide an attractive business environment: $e fo**o(ing are some of te !rinci!*e features

    of te economic and business environment in te UAE5

    A virtua* absence of ta1ation

    E1ce**ent communication s"stems

    A (e**-structured financia* sector (it no e1cange contro* regu*ations

    A coordinated infrastructure tat !rovides a** essentia* uti*ities to te ma6or centers

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    Free $rade Zones tat ensure ease of registration and efficient o!erating faci*ities An

    attractive socia* environment inc*uding modern educationa* medica* and recreationa*

    faci*ities

    iberation of !ro!ert" o(nersi! (ic is one of te factors contributing to te UAEs

    booming !ro!ert" mar;et:

    $e

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    )trong *oca* commercia* tradition

    E1tensive foreign trade net(or;

    a!id*" deve*o!ing manufacturing sectorera*ization.

    Factors That &hould !e ,onsidered .hile ,hoosing Free Zone

    easing o!tion

    E1!ort suitabi*it"

    $"!es of business enter!rises

    inimum rent of te office

    inimum size of te office

    'ost of ca!ita* and registration 'ost of *icense fee

    Formation !eriod

    4o3 to &etup !usiness in Free Zone/

    It is a !rocess (ic consist of fo**o(ing5

    .hich Free Zones are there/

    $ere are seven Emirates in te UAE and five of tem ave active free zones: A** of tem

    (e*come foreign businesses: +it te number of zones increasing teir im!act on te UAE

    econom" as dee!ened: &" no( UAE Free Zones are ome to around #0000 com!anies:

    UAE free zones are *ocated in te Emirates of Dubai )ar6a A6man as A* aima and

    Fu6aira: Abu Dabi as a free zone for media and anoter under construction near te Air!ort:

    Dubai as te ma1imum number but is more e1!ensive: $e free zones var" in teir focus set u!

    costs and !a!er (or; needed: &ut te basic re?uirements are te same:

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    A freer -one company must be set up 3ith careful study of 3hat alternati1e

    -ones are a1ailable%

    Free -one ,ompany in UAE" E5amples

    Dubai Air!ort Free Zone

    Dubai Internet 'it"

    Dubai edia 'it"

    Dubai eta* and 'ommodities 'enter

    Dubai Investment ,ar;

    Dubai )i*icon Oasis

    Hebe* A*i Free Zone

    %amri"a Free Zone in )ar6a

    )ar6a Air!ort Internationa* Free Zone

    A6man Free Zone Autorit"

    AIA Free Zone in as A* aima

    as A* aima Free $rade Zone

    Fu6aira Free Zone

    rocedure and costs

    $e !rocedure out*ined be*o( is t"!ica* for a free zone com!an" in UAE: A free zone ma" s;i!

    or add some ste!s: $e time ta;en to com!*ete tis !rocedure is about /8 (or;ing da"s from te

    a!!*ication: ,*ease cec; (it "our registration agent about te !recise ste!s for "our free zone:

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    #: $e first re?uirement to set u! a free zone com!an" in UAE is to decide (o (i** te

    sareo*der: Bou or "our ome com!an": =orma**" (en "ou ave more tan one sareo*der

    te suffi1 is FZ-' oter(ise it is FZE P Free Zone Estab*isment:

    /: $ereafter "ou need to decide te sare ca!ita*: an" free zones ave te re?uirement for a

    minimum sare ca!ita*: $is is a*(a"s given in UAE Dirams 2AED:

    $e sare ca!ita* is !er sareo*der in some free zones and in oters it is tota* for te com!an":

    )tarting from AED: #@0000 it goes u! to AED: # mi**ion in te case of Hebe* A*i Free Zone:

    3: Bou need to decide te com!an" name and (o (i** be te anager of te ne( com!an": $e

    anagers name a!!ears on te trade *icense: A coice of fina* com!an" name is made b" te

    free zone autorities from 3 a*ternatives submitted b" "ou:

    4: If "our ome com!an" is te sareo*der ten "ou must get te certificate of incor!oration and

    memorandum of association attested b" te *oca* UAE embass": $is costs time and mone":

    Bour ome com!an" must a*so !ass a board reso*ution to form te free zone com!an" in te

    UAE: $e board reso*ution must mention (o te anager (i** be: $is reso*ution must a*so be

    attested:

    @: =e1t an a!!*ication for te name and activit" is made for a!!rova*: Once tis is done te

    a!!*ication in detai* must be submitted:

    >: $e a!!*ication form for te free zone a*ong (it !ass!ort co!ies of te sareo*ders and te

    anager must be submitted to te free zone autorities:

    If te sareo*der is a com!an" ten te com!an" documents 2attested (it te !ass!ort co!ies

    of te anager must be submitted: )ome free zones as; for a business !*an in brief:

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    7: A !re*iminar" a!!rova* is granted and a *etter to o!en a ban; account is issued for te investor

    to de!osit te ca!ita*: $is ca!ita* must be retained unti* te icense is issued:

    8: After de!ositing te ca!ita* in "our ban; account te ban; (i** issue a *etter: $is is to be

    submitted to te free zone autorities to com!*ete te *ega* !rocess of registration:

    $is !rocess invo*ves !a"ment of *icense and registration fees *ease rent signing a *ease deed

    signing te emorandum of Association for te ne( com!an" and a reso*ution of te

    )ubscribers:

    )ome free zones a**o( te !rocess to start even before te ca!ita* is so(n: $e anager

    autorized to sign on bea*f of te investors (i** sign te a** te *ega* documents:

    .: Once te registration !rocess is com!*eted te *icense is issued and "ou are read" to start

    o!erations:

    $e costs for setting u! a free zone com!an" in UAE var" from free zone to free zone:

    It norma**" com!rises of5-

    One time registration fee and name a!!rova* carges

    Annua* trade *icense fee

    Annua* office *ease rent

    ,ost bo1 rent

    Immigration and abor registration carges

    An" notarization fees

    egistration agent fees

    Bour business set u! consu*tant (i** !rovide "ou te e1act estimate: )ome free zones a*so form acom!an" (it a standard minimum !ac;age for a sing*e investor tat offers a** com!onents of

    costs for a *um! sum annua* fee: $ese !ac;ages are economica*:

    18

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    &asica**" (at "ou need is to get "our no( Bour '*ient documents read": ,a" te fees: De!osit

    te ca!ita* and a!!*": A UAE com!an" registration agent can faci*itate te !rocess if "ou are not

    free to do tis !ersona**":

    !asic re6uirements

    #: A free zone com!an" must ave a trade *icense in te activit" of its intended business: $is

    *icense must be rene(ed ever" "ear:

    /: It must ave an office in its o(n name in te Free Zone P rented and to be rene(ed ever" "ear:

    3: It must ave a anager autorized to act as te *ega* re!resentative of te com!an":

    4: It must ave at *east one sareo*der and te mandated sare ca!ita*:

    @: It must not trade outside te free zone (itout a *oca* distributor.

    rocedure to Obtain a 7icense

    It is not !ermitted for foreign com!anies *icensed to o!erate in te UAE to start teir activities

    before obtaining te $rade icense from te De!artment of Economic Deve*o!ment: )etting u! a

    branc of a foreign com!an" sa** be according to te fo**o(ing ste!s5

    #: $e a!!*ication sa** be submitted to te De!artment of 'ommercia* Affairs of te office of

    te inistr" of Econom" G 'ommerce in Dubai: $e a!!*ication sou*d inc*ude te fo**o(ing

    data5

    =ame t"!e of com!an" and address of its main office in te origina* countr":

    $"!e of activit" s!ecia*ization or t"!e of o!erations re?uired to be !racticed in Dubai:

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    ain o!erations carried out b" te com!an" and its !revious e1!ertise in te fie*d of

    activit" (ic is re?uired to be !racticed in Dubai:

    =ame of te *oca* service agent in Dubai and is address if e is a 6uridica* !erson

    Qcom!an" ten te *ega* form ca!ita* names of te sareo*ders 2or !artners if it is a firmR

    teir nationa*ities and addresses sou*d be stated !rovided tat a** of tem are UAE

    nationa*s:

    $e De!artment of 'ommercia* Affairs at te inistr" of Econom" G 'ommerce after

    registering te a!!*ication giving it a number and ma;ing sure tat te re?uired documents

    are com!*ete sa** refer it to te De!artment of Economic Deve*o!ment:

    /: If te a!!*ication is re6ected it sa** be returned to te De!artment of 'ommercia* Affairs to

    be ;e!t tere and te concerned !arties sa** be notified of te re6ection:

    3: If acce!ted te a!!*ication sa** be referred to te 'ommittee of Foreign 'om!anies in te

    inistr" for a!!roving te content of te a!!*ication and to determine activit": $is committee

    sa** !re!are its recommendations and refer tem to te inister of Econom" G 'ommerce for

    issuing is decree: $e De!artment of 'ommercia* Affairs at te inistr" sa** ten issue te

    documents of te *icense:

    4: 'om!*etion of inscri!tion !rocedures in te commercia* register at te De!artment of

    Economic Deve*o!ment according to te usua* !rocedure for *icensing:

    @: egistration of te com!an"Ks branc (it te Dubai 'amber of 'ommerce G Industr" in

    accordance (it te acce!ted !rocedure:

    7egal !usiness &tructure in UAE

    7imited 7iability ,ompany

    imited iabi*it" 'om!an" or ' is a *ega* business entit" in (ic te *iabi*it" of te

    sareo*ders is *imited to te amount of !aid u! ca!ita* and ma" be set u! eiter as

    20

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    A Free Zone 'om!an" 2(it / to @ sareo*ders

    A ain and com!an" 2(it / to @0 sareo*ders or

    An offsore com!an"

    &ole roprietorship 8 Indi1idual Establishment

    A so*e !ro!rietorsi! or individua* estab*isment is a *ega* business entit" o(ned b" 6ust one

    !erson and ma" be set u! eiter in a

    Free Zone

    ain and or

    Offsore

    !ranch 8 Representati1e Office

    A branc or re!resentative office can be set u! for bot UAE com!anies and foreign com!anies

    in

    Free Zone

    ain and or

    Offsore

    T9E OF 7I,E$,E&

    In genera* most of free zones issue fo**o(ing t"!es of *icenses to do business:

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    #- TRADI$: 7I,E$&E&5 - A $rading *icense a**o(s te o*der to im!ort E1!ort )e** and

    Distribute and store a** te items s!ecified on *icense: )a*es in UAE o(ever must be carried out

    troug distributor or agent and it is sub6ect to !a"ment of custom dut":

    /- :E$ERA7 TRADI$: 7I,E$&E&5-

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    $o date te Free Zones ave been successfu* in attracting a *arge number of foreign com!anies

    and foreign direct investment: $e sare of te Free Zones in non-oi* e1!orts as increased

    considerab*" a*ong (it te net e1!orts from te Free Zones: $e incentives offered b" various

    Free Zones of te UAE are genera**" simi*ar and inc*ude5

    #00 foreign o(nersi! Fu** re!atriation of ca!ita* G!rofits

    #00 ta1 e1em!tion E1tended *eases

    9uic; a!!rova* !rocedures Abundant G ine1!ensive energ"

    An inde!endent Free Zone Autorit" 2FZA governs eac Free Zone and is te agenc"

    res!onsib*e for issuing F$Z o!erating *icenses and assisting com!anies (it estab*ising teir

    business in te F$Z:

    Investors can eiter register a ne( com!an" in te form of a Free Zone Estab*isment

    2FZEFree Zone 'om!an" 2FZ'O or sim!*" estab*is a branc or re!resentative office of teir

    e1isting or !arent com!an" based (itin te UAE or abroad: A FZE is a *imited *iabi*it"estab*isment incor!orated in a Free Zone o(ned b" one natura* or 6udicia* !erson (ereas a

    FZ'O is a *imited *iabi*it" com!an" incor!orated in a Free Zone b" more tan one sareo*der

    genera**" u! to five: FZEFZ'Os are governed b" te ru*es and te regu*ations of te Free Zone

    in (ic te" are estab*ised: $ere is a minimum ca!ita* re?uirement ranging from AED

    @0000 to AED #000000 de!ending u!on te se*ected Free Zone: )ome free zones ave even

    re*a1ed te ca!ita* re?uirements to attract more investors:

    Once a *ega* !resence as been estab*ised in te Free Zone te business (i** need to *ease

    !remises or *and and ac?uire a *icense from te FZA: Different t"!es of *icenses are issued in

    different Free ZonesC o(ever com!anies (it va*id *icenses on*" can conduct business (itin

    te Free Zone or abroad: $o se** teir !roducts in te UAE a UAE registered officia* agent is

    re?uired: )ervices and !roducts can be obtained from and (itin te UAE (itout an agent:

    $e *icenses issued b" te FZA can be rene(ed annua**" as *ong as a *ease agreement is in force

    (it te F$Z:

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    $ecom Financia* 'enter

    .: no(*edge Li**age-$ecom //: Internationa* %umanitarian

    'it"

    #0: Dubai Internationa* Academic

    'it" -$ecom

    /3: Dubai ogistics 'it"

    ##: Dubai Outsource Zone- $ecom /4: Dubai $e1ti*e 'it"#/: Energ" G Environment ,ar;-

    $ecom

    /@: %eav" E?ui!ment G

    $ruc;s 'it"

    #3: Dubai &iotecno*og" G

    esearc ,ar; -$ecom

    />: Dubai Auto ,arts 'it"

    : Amed &in asid Free Zone

    2Umm A* 9u(ain

    /: %amri"a Free Zone 7: as A* aima Free $rade Zone

    2AF$Z

    3: A6man Free Zone 8: as A* aima Investment

    Autorit" 2AIA

    4: Fu6aira Free Zone .: as A* aima edia Free Zone

    2AFZ

    @: Fu6aira edia

    Zone'reative 'it"

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    oreover te Free Zones are s(ift*" !roving to be te mecanism not on*" for an im!etus todiversification but a*so for canging te ver" face of economic activit" in tis region:

    Free Zones in the UAE1-THE JEBEL ALI FREE ZONE [JAFZ]

    $e Hebe* A*i Free Zone 2HAFZ (as estab*ised b" decree =o: # of #.8@ and is *ocated in te

    Emirate of Dubai: It is around te (or*ds *argest man-made !ort: Hebe* A*i (as initia**" seen as

    te idea* base for mu*tinationa*s to (areouse and distribute teir !roducts in te

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    ,%-i! ac!',"

    a,%'(% i!

    'c% (+ac%

    313 - 1000 (.!, 120000 - 220000

    Oc% 27 (.!, -100

    (.!,

    1800 - 2200 +%, (. !,

    FZE R%:i(!,a!i') F%% ')% !i% AE* 10000

    FZ&O R%:i(!,a!i') F%% ')% !i% AE* 15000

    B,a)c R%:i(!,a!i') %% ')% !i% AE* 5000

    T"+% ' Lic%)(%( &'(! i) AE* +%, a))

    I)/(!,ia 5500 - 9000

    T,a/i): 5500 - 12500

    ;%)%,a T,a/i): 30000

    L':i(!ic(

    8000

    2-*=BAI &AR# AN* A=TOOTI@E ZONE

    DU'AZ (as estab*ised (it te ob6ective of re-e1!orting used cars to te Asian and African

    egion (ere te demand e1ists and continues to gro(: $is zone is situated (itin te Dubai

    cit" and com!rises of one mi**ion s?uare meters of bonded area:

    $e *ocation as eas" access to a** air!orts and sea!orts in te region: From ere te automobi*es

    are re*oaded onto feeder vesse*s or on to truc;s (ic trave* trougout te region on a modern

    net(or; of ig(a"s *in;ing te neigboring countries to te idd*e East and be"ond:

    $is area is used for te !ur!ose of te re-e1!ort of cars: $e veic*es are categorized into t(o

    grou!s *eft-and drive veic*es (ic are e1!orted into te *oca* mar;ets and are sub6ect to

    *oca* regu*ations and rigt and drive veic*es (ic are main*" e1!orted to India Afganistan

    ,a;istan Bemen and oter African 'ountries:

    Features

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    Types of registration

    As a branc of a UAE com!an" - no minimum ca!ita* re?uired:

    As a Free Zone 'om!an" 2FZ'O - minimum sare ca!ita* is AED #00000:

    As a Free Zone Estab*isment 2FZE - minimum sare ca!ita* is AED #00000.

    Facility costs and type of license

    On*" so(room (it #0 s?:mtr office is avai*ab*e

    egistration Fee one time 2FZ'O AED /0000

    egistration Fee one time 2FZE AED #@000

    egistration Fee one time 2&ranc AED #0000

    $"!e of icense 'ost in AED !er annum

    $rading #/000

    3-*=BAI INTERNET &IT - TE&O

    $e Dubai Internet 'it" 2DI' is a !art of te Dubai $ecno*og" and edia Free Zone: It (as

    formed under a( =o: # of /000 of te Emirate of Dubai: $e DI' !rovides a ;no(*edge-

    econom" ecos"stem tat is designed to su!!ort te deve*o!ment of Information and

    'ommunications $ecno*og" 2I'$ com!anies: It is te idd*e Easts biggest I$ infrastructure

    bui*t inside a Free $rade Zone:

    $e DI' is fu**" su!!orted b" te

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    $"!e of com!an" activities inc*ude )oft(are Deve*o!ment &usiness )ervices +eb

    &ased and e-'ommerce 'onsu*tanc" Education and $raining )a*es and ar;eting

    and ∾ Office O!erations etc:

    Types of registration

    As a branc of a foreign com!an" -no minimum ca!ita* re?uired

    As a branc of a UAE com!an"-no minimum ca!ita* re?uired:

    As a Free Zone imited iabi*it" 'om!an" 2FZ-' - inimum sare ca!ita* is

    AED @0000 and te ma1imum de!ends on te autorities after revie( of te business

    !*an:

    Facility costs and type of license

    Faci*it" )ize 'ost in AED !er annum

    Office in: #00

    s?:mtr

    #@00 !er s?:mtr

    egistration Fee one time 2FZ-'

    AED 3@00

    egistration Fee one time 2&ranc AED

    3@00

    $"!e of icense 'ost in AED !er annum

    )ervice #@000

    4-*=BAI INTERNATIONAL A&A*EI& &IT - TE&O

    Dubai no(*edge Li**age 2DL *aunced Dubai Internationa* Academic 'it" 2DIA' te+or*ds on*" Free Zone dedicated to internationa* iger education: ocated in Dubai Academic

    'it" DIA' serves as te regiona* base for !remier internationa* iger education institutions:

    )!read across an area of /@ mi**ion s?uare feet te DIA' cam!us !rovides an inte**ectua**"

    ins!iring environment for students and facu*t": Dubai Academic 'it" a*read" ouses seven

    universities: DIA' on*" ouses internationa* universities se!arating tem from oter !ub*ic

    co**eges and institutions in te area:

    $is triving ;no(*edge communit" (as founded as !art of a *ong-term economic strateg" to

    deve*o! te regions ta*ent !oo* to acce*erate its move into a ;no(*edge econom": &enefits for

    DIA' investors inc*ude #00 foreign o(nersi! #00 ta1 free #00 re!atriation of !rofits:$ere are current*" man" internationa* universities of iger *earning from diverse regions

    inc*uding Austra*ia India ,a;istan Iran ussia &e*gium U and Ire*and o!erating out of

    DIA' o(ever te autorit" e1!ects to furter ouse /@ internationa* universities to cater to

    more tan 30000 students in te future:

    28

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    $ese institutions offer !rograms tat range in duration from one "ear to four "ears: a6or

    academic !rograms on offer inc*ude engineering com!uter science fasion and design

    biotecno*og" environmenta* studies ?ua*it" management and business management

    !rograms:

    $e se*ection of internationa* universities de!ends on a number of criteria inc*uding universit"ran;ing strengt and !rogrammes tat corres!ond to te UAEs industr" needs: DIA' is s!read

    across an area of /@ mi**ion s?uare feet: $ere are areas dedicated to te internationa* education

    zone researc and deve*o!ment centres s!orts faci*ities student unions and student and facu*t"

    accommodations:

    %o(ever current*" tere is no mandate for te internationa* universities based in DL to move

    to te DIA': $e set-u! in DL is not as a!!ro!riate for te universities tat need to e1!and as

    DL (i** focus more on ouse training and uman resources com!anies:

    At DIA' universities ave te o!tion of eiter bui*ding teir o(n cam!us or moving into te

    read"-made bui*dings:

    Features

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    egistration Fee one time 2FZ ' AED 3@00

    egistration Fee one time 2&ranc AED 3@00

    $"!e of icense 'ost in AED !er annum

    Universit" segment @0000 - #00000&ranc Universit" segment #@000 - #00000

    5-#HARJAH AIRORT INTERNATIONAL FREE ZONE

    )ar6a Air!ort Internationa* Free Zone 2)AIF Zone (as estab*ised b" an Emiri Decree

    =o:/ in #..@: )AIF Zone is !*aced on te crossroads of ma6or trading routes bet(een East and

    +est: )ar6a offers e1ce**ent g*oba* sea *and and air trans!ort *in;s (it access to a mar;et of

    over #:4 bi**ion consumers covering member state of te

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    E1ecutive Offices in: /4 s? mtr #>@0 !er s?:mtr

    E-Des; Faci*it" #@000

    Factor"+areouse #34 - >4@

    s?:mtr

    Laries from >3000 -

    #8@000

    FZE FZ'O egistration Fee AED #0000 2one-time fee

    &ranc egistration Fee AED @000 2one-time fee$"!e of icense 'ost in AED !er annum

    Industria* 7@00 - #0000

    'ommercia* 23 items 7@00 - #0000

    )ervice 7@00

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    As a branc of a UAE com!an" - no minimum ca!ita* re?uired:

    inimum ca!ita* re?uirement for FZE and FZ'O as been (aived b" te %FZ

    autorities

    Facility costs and type of license

    Faci*it" )ize 'ost in AED !er annum

    and in: /@00

    s?:mtr

    /0 - 30 !er s?:mtr

    E-Des; Faci*it" .:@ s?:mtr /@000 - 3@000S

    Factor"+areouse #87 - >#4

    s?:mtr

    Laries from @@000 -

    #30000

    egistration Fee AED .000 2one-time

    fee

    'ommercia*)ervice icense - AED /@000-

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    $"!e of com!an" activities inc*ude manufacturing !rocessing assemb*ing !ac;aging

    im!orte1!ort distribution storage services

    Types of registration

    As a branc of a foreign UAE com!an" - no minimum ca!ita* re?uired:

    As a Free Zone 'om!an" 2FZ'O - minimum sare ca!ita* is U) @0000 2or AED

    #8@000:

    As a Free Zone Estab*isment 2FZE - minimum sare ca!ita* is U) @0000:

    2Or AED #8@000:

    Facility costs and type of license

    Faci*it" )ize 'ost in AED !er annum

    )mart Office Laries /30@0

    E1ecutive Office One des;

    s!ace

    AED >3>@0- a!!ro1

    30 s?:mtr 2inc*usive of rent *icense

    and oter service carges

    Offices #> - 40 s?:mtr Laries from #@00 - #>00

    !er s?:mtr

    and in: /000

    s?:mtr

    )tarting from /0 !er s?:mtr

    Factor"+areouse #34 - >4@

    s?:mtr

    Laries from >3000 -

    #8@000

    FZEFZ'O egistration Fee - no

    registration fee

    $"!e of icense 'ost in AED !er annum

    Industria* 7000

    $rading Laries from 3.00 to >@00 de!ending on te

    number of items

    )ervice >@00

    of #.87 of te Emirate of Fu6aira: Fu6aira

    Free Zone is ad6acent to te ,ort of Fu6aira: 'om!anies estab*ised tere ave eas" access to

    33

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    a** Arabian

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    9-AHE* BIN RA#HE* FREE ZONE

    $e Amed &in ased ,ort and Free Zone is *ocated on te +est 'oast of te United Arab

    Emirates in te Emirate of Umm A* 9u(ain 2UA9: $e Free Zone (as formed under decree

    =o: / of #.87 of UA9: $e Free Zone com!*e1 consists of 84@ meters of ?ua" (a** (it 400

    meters ca!ab*e of and*ing ocean-going vesse*s and ##8000 s?uare meters of *and reserved

    for *igt Industria* Deve*o!ment:

    Features

    $"!e of activities inc*ude manufacturing !rocessing assemb*ing !ac;aging im!ort

    e1!ort distribution storage services:

    eases u! to #@ "ears:

    Types of registration

    As a branc of a foreign com!an" - no minimum ca!ita* re?uired:

    As a branc of a UAE com!an" - no minimum ca!ita* re?uired:

    Facility costs and type of license

    Faci*it" )ize 'ost in AED !er annum

    and Laries 30 !er s?:mtr

    igt industria* units

    2!re-bui*t

    Laries >04 !er s?:mtr

    inimum office s!ace Laries /@000

    $"!e of icense 'ost in AED !er annum

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    as A* aima Free Zone Autorit" oversees tree ne( sub-zones (itin te Emirate: $e 7#

    ectare $ecno*og" ,ar; is intended to accommodate ca!ita*-intensive ig tecno*og"

    manufacturing and assemb*" com!anies: $e !ar; is ad6acent to te as A* aima 'eramics

    Factor" and oter *igt manufacturing businesses:

    $e A* %amra Deve*o!ment *ocated across te Emirates %ig(a" is a 3/@ ectare (aterfrontrecreationa* and residentia* deve*o!ment tat inc*udes a ote* (aterfront vi**as marina and

    go*f course: $e !ro1imit" of te $ecno*og" ,ar; to te Emirates %ig(a" ma;es it readi*"

    accessib*e to te 'it" 'entre Internationa* Air!ort ,ort )a?r and destinations sout(ard suc

    as Dubai: $e Free Zone is ome to over 4@0 com!anies:

    Features

    '*ients can o!erate to fu** ca!acit" from teir as A* aima offices or (areouses in

    an" of te 3 Free Zone ,ar;s 2&usiness ,ar; Industria* ,ar; and $ecno*og" ,ar;

    Free Zones:

    'oice of !rofessiona**" serviced !rime *ocations in te eart of Dubai from (ic to

    concentrate on mar;eting and management activit":

    ease !eriod u! to #@ "ears:

    $"!e of com!an" activities inc*ude manufacturing !rocessing assemb*ing !ac;aging

    im!orte1!ort distribution storage services cargo and freigt for(arding accounting

    and audition services *ogistica* etc: $e f*e1ibi*it" to o!en u! offices in te Emirate of

    Dubai or Abu Dabi:

    Types of registration

    As a branc of a foreign com!an" P no minimum ca!ita* re?uired:

    As a branc of a UAE com!an" P no minimum ca!ita* re?uired:

    As a Free Zone 'om!an" 2FZ'O P minimum sare ca!ita* is AED #00000 O

    @00000 2for

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    F*e1i Office )ared

    Office

    varies 37>.0 - @>040 a!!ro1:

    2inc*usive of rent

    registration *icense G

    oter service carges

    F*e1i Des; )ared

    +or; )tation

    One des; #/@00

    F*e1i +areouse /0@ s?:mtr /0000

    Factor"+areouse #@0 - 4#>

    s?:mtr

    @0 !er s?:mtr a!!ro1:

    FZEFZ'O egistration Fee AED 7000

    2one-time fee

    $"!e of icense 'ost in AED !er annum

    Industria* @000

    'ommercia* 2u! to 7 activities 3>@0

    'onsu*ting and service 7@00

    ea* Estate 'onsu*tanc" #>000

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    )emiconductors

    Oi* and

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    Invo*vement (it a*ifa ,ort (i** re!resent te ne1t stage in its gro(ing re*ationsi! (it

    AD,': EZ+ one of te *argest deve*o!ers and o!erators of Free Zones in te +or*d is e1!ected

    to manage an initia* /@ ;m/ trade and *ogistics Free Zone (itin te *arger industria* zone in

    $a(ee*a *ocated a*f(a" bet(een Abu Dabi and Dubai:

    $e signing of tis agreement (it D, +or*d and Economic Zones +or*d is "et anoter ste! inte drive to(ards greater coo!eration integration and to bui*d te commercia* re*ationsi!

    bet(een te neigboring Emirates of Abu Dabi and Dubai: $e ne( !ort and *ogistics ub (i**

    so*idif" te UAEs !osition as a (or*d c*ass trans!ort and *ogistics ub:

    $e $rade and ogistics Free Zone s!read out over an area of /@ s?uare ;m in its first !ase and

    (i** be te first $rade and ogistics Free Zone in Abu Dabi:

    t3ofour+> ?*>+>@

    Abu Dabi is ome to a ne( media content creation zone ca**ed Tt(ofour@4:

    e!resenting te geogra!ica* co-ordinates of Abu Dabi t(ofour@4 aims to estab*is te cit"

    as a 'entre of e1ce**ence for Arabic content creation tat is internationa**" reno(ned:

    $e *aunc of t(ofour@4 as created ne( industr" o!!ortunities for te region b" !roviding a

    co**aborative and fu**"-e?ui!!ed center tat brings togeter *oca* regiona* and internationa*

    com!anies from across *engt and te breadt of te fi*m broadcast digita* !ub*ising and

    music industries: +it some of te +or*ds *eading content com!anies a*read" onboard and

    announcing ma6or !*ans t(ofour@4s advanced ecos"stem offers !roduction faci*ities

    infrastructure training and a ne( business incubator - a** on one site - for te deve*o!ment of

    +or*d c*ass Arabic content b" !eo!*e from te idd*e East region for its 300 mi**ion Arab

    audience:

    $(ofour@4 is based near a*ifa ,ar; in Abu Dabi: A /00000 s?uare meter (aterfront site in

    te ina Za"ed area of te cit" as been earmar;ed for t(ofour@4s !ermanent cam!us (ic

    sou*d be com!*eted (itin five "ears: $(ofour@4 is bui*t around four !i**ars *ocated (itin a

    cam!us st"*e environment tat !romotes coo!eration and creative !artnersi!s amongst te

    com!anies invo*ved:

    T3ofour+> tadreeb

    $(ofour@4 tadreeb (i** be te regions !remier vocationa* training academ" inviting media and

    entertainment !rofessiona*s and graduates to gain and deve*o! s;i**s across a com!reensive

    range of media disci!*ines: $(ofour@4 tadreeb is a d"namic !artnersi! bet(een t(ofour@4 and

    g*oba* media !*a"ers to offer (or*d c*ass courses *ed b" ig*" e1!erienced instructors: A** te

    academ"s offerings are outcome-driven !ractica**" focused training !rogrammers:

    39

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    T3ofour+> ibtiar

    $(ofour@4 ibti;ar !rovides su!!ort and funding for ne( businesses and !romising creative

    ideas across !rint on*ine mobi*e and te*evision !*atforms in te UAE and broader E=A

    region: $(ofour@4 ibti;ar offers t(o funding so*utions te I Fund and te 'reative ab: $e I

    Fund offers start-u! funding business-!*anning and o!erationa* su!!ort to entre!reneurs (o

    (ant to *aunc ne( ventures in Abu Dabi: $e 'reative ab !rovides seed funding

    deve*o!ment guidance and strategic !*anning to creative ta*ent (it e1citing ne( content and

    creative ideas:

    T3ofour+> intaB

    $(ofour@4 inta6 su!!*ies state-of-te-art !roduction and !ost-!roduction faci*ities media asset

    management broadcast and tecnica* su!!ort services to its !artners: $is inc*udes five ig-

    definition studios fu**" e?ui!!ed (it te *atest tecno*ogies te regions first media assetmanagement services as (e** as a ig*" e1!erienced !oo* of dedicated o!erations and

    engineering !rofessiona*s:

    T3ofour+> ta3asol

    $(ofour@4 ta(aso* !rovides o*istic su!!ort services troug its )ared )ervices and ,ro!ert"

    anagement de!artments: $ogeter te" form a one-sto!-so! faci*itating te re*ocation and

    estab*isment of content organizations in t(ofour@4:

    A** estab*isments in t(ofour@4 are re?uired to be *icensed under te &usiness icensing

    egu*ations current*" in force: +en a *icensee is engaged in disseminating content from tezone te" are a*so re?uired to o*d a Dissemination icense in addition to teir &usiness

    icense:

    Types of registration

    &ranc

    FZ ' (it no minimum sare ca!ita*

    Types of license

    &usiness icense

    Dissemination icense

    $e*evision &roadcasting

    40

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    ,rint media

    Internet adio G oter edia

    Facility costs

    Faci*it" )ize

    Office Des; s!ace

    Em!t" offices 2se** Laries

    egistration Fee - AED /@00 2one-time

    fee

    ,omparati1e ,hart0 Formation of Free Zone Establishment8Free Zone ,ompany in

    UAE Free Zones

    S. No. Comparison

    Parameters

    Jebel Ali Free

    Zone, Dubai

    (Distance from

    Dubai Airport

    ! "m#

    Dubai Airport

    Free Zone,

    Dubai

    (Distancefrom Dubai

    Airport$Attac%e& to

    Terminal #

    'amriya% Free

    Zone,

    S%ara% (Distancefrom Dubai

    Airport$)* "m#

    +as Al "%aima%Free Zone,

    +as Al "%aima%

    (Distance from

    Dubai Airport$

    ! "m#

    S%ara%

    Airport

    -nternati

    onal Free

    Zone,

    S%ara%

    (Distanc

    e from

    Dubai

    Airport$! "m#

    1. Contact

    Details

    .O. B'D N'. 17000

    Eai $%Ga$a.a%

    .O. B'D. 491

    (a%(/a$.a%

    .O. B'D 1377

    (a%($a.a%

    .O. B'D 10055

    i)i,",a!$.c'

    .O. B'D

    N'.8000

    i)'(ai-

    $')%.c'

    2. ebsite .Ja$a.a% ./a$.a% .a,i"a,%%$')

    %

    .a%

    .$a.a%

    .a,i"a$.c'

    .,a!$.c' .(ai-

    $')%.c'

    3. Types of

    /icense

    Permissible

    ;%)%,a T,a/i):

    T,a/i): #%,?ic%

    I)/(!,ia Na!i')a

    I)/(!,ia

    Note0 1eneral

    Tra&ing allo2s%ol&er to import,e3port, re$e3port,

    &istribute an&

    store all items.

    a> T,a/i):

    > #%,?ic%

    c> I)/(!,ia

    Lic%)(%N'!% ;%)%,a

    T,a/i): Lic%)(% i()'! :%)%,a"+%,i((i%.

    H'%?%, i! a"

    % i((%/ i

    *AFZA a!',i!i%(

    a:,%%.

    ;%)%,a T,a/i):

    I)/(!,ia Lic%)(%

    &'%,cia Lic%)(%

    a)/ #%,?ic% Lic%)(%

    ;%)%,a T,a/i):

    &'%,cia

    Lic%)(%

    &')(!a)c"Lic%)(% #%,?ic%(

    Lic%)(%

    ;%)%,a

    T,a/i):

    &'%,cia

    Lic%)(%I)/(!,ia

    Lic%)(% a)/

    #%,?ic%

    Lic%)(%

    41

    http://www.jafza.ae/http://www.jafza.ae/http://www.dafz.ae/http://www.dafz.ae/http://www.hamriyahfreezone.ae/http://www.hamriyahfreezone.ae/http://www.hamriyahfreezone.ae/http://www.hfza.ae/http://www.hamriyahfz.com/http://www.hamriyahfz.com/http://www.rakftz.com/http://www.rakftz.com/http://www.saif-zone.com/http://www.saif-zone.com/http://www.saif-zone.com/http://www.dafz.ae/http://www.hamriyahfreezone.ae/http://www.hamriyahfreezone.ae/http://www.hamriyahfreezone.ae/http://www.hfza.ae/http://www.hamriyahfz.com/http://www.rakftz.com/http://www.saif-zone.com/http://www.saif-zone.com/http://www.jafza.ae/
  • 8/9/2019 Report on Free Zone

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    4. Annual

    /icense Fee

    ;%)%,a T,a/i):-

    AE*

    30000- +%, "%a,

    O!%,( AE* 5500-

    +%, "%a,%Dc%+! ', (%,?ic%%,% i! i( AE*

    8000-

    +%, "%a,

    AE* 10000-

    ;%)%,a T,a/i):-AE*12000- O!%,( AE* 2750-

    ;%)%,a T,a/i):-

    AE*

    15000- &'%,ciaLic%)(%% =#* 995>&')(!a)c"#%,?ic

    %

    Lic%)(%- AE* 7500

    I)/(!,ia Lic%)(%-

    AE* 5000-

    ;%)%,aT,a/i):AE*

    15000-

    O!%,( AE*

    7500-

    5. Processing

    Fee

    N')-,%)/a%

    +,'c%((i): %% '

    AE* 500- .

    N.A. N.A. I! a" a i!i)

    AE*

    2350 !' AE* 3500

    /%+%)/i): +')

    (+ac% 'cc+i%/.

    N.A.

    6. Types of

    Facilities

    a4ailable

    Oc%( Li:!

    I)/(!,ia =)i!(

    a)/ Ka,%'(%(

    Oc%( LI= La)/

    '!(

    Oc%

    I)c/%/ i) c'(! '

    ,%)!a(

    I)c/%/ i) c'(! '

    ,%)!a(

    I)c/%/ i)!% &'(! '

    R%)!a(

    B,a)c &'+a)"

    B,a)c '

    O?%,(%a(

    FZE

    B,a)c &'+a)"

    B,a)c ' EDi(!i):

    &'+a)"

    FZE

  • 8/9/2019 Report on Free Zone

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    EDi(!i): &'+a)" B,a)c '

    O?%,(%a(

    EDi(!i):

    &'+a)"

    12. 5ne Time

    +egistrationFee for FZ7

    AE* 10000-

    AE* 10000

    AE* 9000-

    AE* 7000-

    AE* 10000

  • 8/9/2019 Report on Free Zone

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    Anne5ure

    http"88333%uaefree-ones%com

    333%authorstream%com

    http"88333%legalma5ims%com

    http"88333%socprollect0mea%com

    http"88333%uaecompanyregistration%com

    http"88333%Bdsupra%com

    http://www.legalmaxims.com/http://www.socprollect-mea.com/http://www.uaecompanyregistration.com/http://www.jdsupra.com/http://www.legalmaxims.com/http://www.socprollect-mea.com/http://www.uaecompanyregistration.com/http://www.jdsupra.com/