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Corpin Consultants at InvestPro Conference, Cyprus
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Corpin Consultants at InvestPro Conference, Cyprus: Building Connections and Expanding Network

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Corpin Consultants at InvestPro Conference, Cyprus: Building Connections and Expanding Network Corpin Consultants recently had the privilege of attending the InvestPro Conference in Limassol, Cyprus on April 25th, 2023. Ebi Kadavan, Founder of Corpin Consultants, made a notable presence at the conference, connecting with various distinguished attendees including industry experts, business leaders, and government officials. Through his active participation, Ebi was able to foster valuable relationships with fellow professionals and gain insights into the latest trends and challenges in the field of corporate business and private wealth management. Corpin Consultants always look forward to participating in industry events that offer deep insights and learning in business set-up. InvestPro event provided a comprehensive look at practical solutions for corporate businesses, including setting up new companies, relocating businesses, opening bank accounts, citizenship and immigration, and identifying investment opportunities and trends. About InvestPro Conferences The InvestPro Conferences are organized by BOSCO Conference and held in different cities of Europe, Asia and the Middle East. Through these events, BOSCO Conference aims to create a platform where business professionals, investors, and government representatives can come together to exchange ideas, stay updated on the latest industry trends, and expand their networks. Professionals from various industries such as banking, legal services, investment management and real estate attend these events. Event Highlights The 6th International InvestPro conference was held in the scenic city of Cyprus – Limmasol on April 25th 2023. This well-organized event brought together a diverse group of attendees from various industries and sectors of the world. The Cyprus Chamber of Commerce and Industry (CCCI) participated as an Information Partner in this conference. The InvestPro Conference had a strong international presence, with over 150 delegates attending from 20 different countries, specializing in corporate and banking services, asset protection, private capital management, and new and emerging solutions in the areas of investment, real estate, taxation, and citizenship through investment. The InvestPro Conference covered a range of topics related to investment opportunities, including real estate investments in Cyprus and Ayia Napa Marina, as well as investment opportunities in Dubai and the UAE. Other discussions included the formation of Swiss companies with crypto wallets and the benefits of Swiss-Cayman private trust companies. The conference also explored new investment possibilities in Cyprus and tax benefits for IT companies. One of the notable presentations was on the stable performance of AMC-Uplift High Yield European Growth, providing attendees with valuable insights and potential investment opportunities. The conference also stood out for its focus on providing solutions for corporate businesses, offering insights on common challenges when starting up or relocating to Cyprus. The speakers provided valuable insights and advice on how to navigate the complex process of setting up a business, including legal and financial requirements, tax implications, investing in real estate, and accessing private banking services. Corpin Consultants – dedicated to delivering exceptional services to clients Attending the InvestPro Conference was a valuable experience for us at Corpin Consultants. The networking opportunities helped us establish connections with other professionals and explore potential collaborations. We look forward to participating in similar events in the future to keep up-to-date with the latest trends and advancements in industry and continue delivering excellent services to our clients. To know how Corpin Consultants can help you with business incorporation, taxation and business advisory in Dubai, give us call us on +971558432911 or email at info@corpinconsultants.com.

All About Sponsorships in Dubai
Blogs

All that you need to know about Sponsorships in Dubai!

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All that you need to know about Sponsorships in Dubai! Dubai has always been a major place of attraction for foreign investors and entrepreneurs. The strategic location, formidable economic structure, sizeable global population, solid infrastructure and ample commercial opportunities are the major reasons why established as well as budding investors prefer it over other countries to kick-start a business. The background UAE has three main types of companies under which non-GCC citizens can register and operate their business – Mainland Companies, Free-Zone Companies and Off-shore Companies. Earlier if you were to start a commercial business in Mainland Dubai, you were required to obtain local sponsorships in Dubai. A local sponsorship could be a UAE national or a UAE-based company. So a local or corporate sponsorships in Dubai was mandatory for an entrepreneur willing to start a commercial business in Dubai though this was not mandatory in the case of a professional business set-up. It was also obligatory that a local sponsor holds a 51% stake in the company and an expat 49%. Establish your company in Dubai with 100% ownership According to the provisions of Federal Decree-Law No. 26 of 2020 and as per the revisions made to the provisions of Federal Law No. 2 of 2015 on Commercial Companies, foreigners are now allowed to set up a commercial company in Dubai with full ownership. An expat/non-GCC resident can now establish a commercial business in Mainland with 100% ownership! Yes, the law now grants the freedom to both expats and legal entities to establish companies without any prescribed nationality criteria. Apart from this, companies wishing to go for joint stock can sell up to 70 per cent of the stake post approval from regulatory authorities. Yes, the ceiling of 30 per cent cap has been increased to 70%. Moreover, existing companies may apply to amend their statuses of ownership according to the new law. The decree is deemed to be a continuation of the UAE’s on-going endeavours to enhance the readiness of its economy and gear up for the future by fostering commercial and investment prospects. This will also elevate the competitiveness of UAE’s business landscape, in tandem with the rapid economic transformations and advancements transpiring across the world. Despite the change in ownership law, expats do have the option of collaborating with the local sponsor. The benefits of having a local or corporate sponsorships in Dubai can prove beneficial in the sense they can act as a local agent making it easy for expats to deal with the local departments. How Corpin Consultants can help you? Business setup for Non GCC residents in Dubai can be difficult if they have little or no knowledge of the existing governmental norms, knowledge of the region, compliance regulations. If you are looking for setting up a business in Dubai with 100% ownership or require a local or corporate sponsorships in Dubai, we can help. We offer end-to-end business set-up services such as assisting clients with trade license applications, VAT and company administration, finding and accessing banking services, visa, relocation process, documentation etc. So leave all your worries to rest and get started on your next venture in Mainland Dubai. Contact us on email: info@corpinconsultants.com or call +971558432911 for your free consultation today!

DMCC Consultant Awards 2022, Corpin Consultants, DMCC
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Corpin Consultants Celebrates Success at DMCC Consultant Awards 2022, Recognized for Exceptional Client Service and Expertise

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Corpin Consultants Celebrates Success at DMCC Consultant Awards 2022, Recognized for Exceptional Client Service and Expertise We are so excited to announce with you all a happy news! Corpin Consultants has once again received a recognition award from DMCC, the world’s flagship freezone. DMCC – and Government of Dubai Authority on commodities trade and enterprise – has hosted the 2022 edition of the DMCC Consultant Awards to recognise the outstanding contribution by business consultants in attracting company setup and expanding their operations at DMCC. Headquartered in Dubai, Dubai Multi Commodities Centre is the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities. Every year, DMCC hosts this event to appreciate the outstanding performance of its ever-growing network of partners and consultants that attracts company registrations to the free zone. The event focuses on the significance of DMCC’s partnerships with numerous stakeholders that try to establish Dubai as a global trade hub and raise the reputation of the Emirate on an international level. The 2022 DMCC Consultant Awards were held on 8th March at The Address, Dubai Marina. In 2022, DMCC recorded the highest-ever figure for new company incorporations in a single year, with more than 3000 businesses setting up in the free zone. A diverse range of geographies and industries were represented in these new member companies, reflecting DMCC’s ability to increase the ease of setting up and doing business in Dubai for a company of any size and sector, and its ability to facilitate and promote global trade. We at Corpin Consultants dedicate this award to our loyal clients who always inspires us to work harder and give our best. This accomplishment wouldn’t have been possible without your support. Thank you all from the bottom of our hearts and we assure to meet your expectations in the future too!

Dubai Silicon Oasis Freezone business setup, freezone business setup, Corpin Consultants
Business Setup

Your Ultimate Free Zone Guide: Dubai Silicon Oasis Free Zone

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Your Ultimate Free Zone Guide: Dubai Silicon Oasis Free Zone Established in 2003, Dubai Silicon Oasis Free zone is a center of electronic research, innovation, and development. It is one of the best IT and technology free zones in Dubai. Spanning over an area of 7.2 square kilometers, this free zone is located in Nadd Hessa, near the intersection of Dubai–Al-Ain Road and Sheikh Mohammed Bin Zayed Road. If you’re planning to expand your business in Dubai or set up a new company in Free zone with a state-of-the-art infrastructure, Dubai Silicon Oasis Free Zone is the perfect destination for you. Benefits of Setting Up Your Company in Dubai Silicon Oasis Free Zone 100% Business Ownership: Dubai Silicon Oasis Free zone offers 100% ownership for expats. 100% Profit and Capital Repatriation: Being an expat, you can remit all profits to your home country. Investor-Friendly Services: Dubai Silicon Oasis Free zone offers a business-friendly environment for startups with venture capital assistance and many other provisions. Strategic Location: Strategically located, a few minutes away from airports and seaports, this free zone ensures easy connectivity for travel and trade. Dedicated Business Support Services: This free zone offers an integrated online system of E-Business that efficiently serves tenants within a few clicks. Flexibility For All Activities: Dubai Silicon Oasis Free zone is open to all DED-permitted business activities and is suitable for setting up free zone companies, entities, and branch offices. Wide Range of Leasing Options: This free zone offers a wide range of commercial space options right from fully-equipped offices to land for development. Less Setup and Operational Costs: Another great attraction of this free zone is it’s 30% reduced set-up cost for technology companies and low operational costs. No Export and Import Duty: Import or export tax is not applicable in Dubai Silicon Oasis. World-Class Infrastructure: World-class infrastructure with advanced IT network and facilities with tier 3 data center. Types of Business Entities in Dubai Silicon Oasis Free Zone Branch Office of a Foreign Company: The branch office will perform the activity of the parent company only in this free zone. Free Zone Establishment (FZE): This establishment is formed by a single shareholder. The shareholder can be an individual or a corporate body. Free Zone Company (FZCO): This company is established with limited shareholders who can be either individuals or corporations. Dubai Silicon Oasis Freezone Business Setup Process Choose the Activity – Select the right kind of activity based on your business. Select a Corporate Entity – Choose from business entity options such as FZE, FZCO, or branch office. Choose a Suitable Name – Select a company name following the government guidelines. Submit the Documents – Submit all necessary documents for initial approval. Make the Payment – Pay the required fees along with the submission of documents. Collect and Sign the Documents – An e-agreement will be issued, along with the lease agreement and a digital agreement will be sent to your registered email id. You may need to sign this lease and submit it to the authority along with a bank share capital letter. Obtain the License – An e-license and e-registration will be issued to you. Open a Company Bank Account – The final step is to open a company bank account for easy transactions. Document Requirements for Initial Approval in Dubai Silicon Oasis Free Zone A duly filled application form. Investment Plan of the company. Latest Financial Report for Branch and Audit of a non-individual shareholder; if accessible or Bank Reference letter of the individual shareholder. Power of Attorney, if required. Project Summary Letter. Passport copy of shareholders and manager. The Memorandum Copy, Articles of Association and Certificate of Incorporation. Trade License of the parent company. NOC from current sponsor (if required). A duly-filled Acknowledgement Form. Title Deed. Office Tenancy Contract. If you wish to setup a company in Dubai Silicon Oasis Free zone, contact CORPIN CONSULTANTS, we have experts with years of experience in business incorporation. We make sure that there are no delays or errors in your application process and set up the company or open a branch office for you. Call us today to know more.

Dubai Knowledge Village Freezone (DKV)
Blogs

Your Ultimate Free Zone Guide: Dubai Knowledge Village (DKV) Free Zone

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Your Ultimate Free Zone Guide: Dubai Knowledge Village (DKV) Free Zone Dubai Knowledge Village is the only free zone in the world which is solely dedicated to human resource management, professional development, and educational intelligence. It was formed in the year 2003 by TECOM group. By establishing this free zone, the UAE aims to become a knowledge-based economy and expand its talent pool in the region. With more than 450 company partners, this freezone becomes a center of excellence for business development. Dubai Knowledge Village Free Zone is located at an area of about 1 kilometer in the heart of Dubai. Benefits of Setting up your Company in Dubai Knowledge Village (DKV) Free Zone 100% foreign ownership. 100% repatriation of capital and profits. No customs duty for goods and services. Supportive operational process. Investors can easily open bank accounts. Physical presence not mandatory in the UAE to set up a company (presenting a POA is enough). Full confidentiality. Eligibility to apply UAE residency visas. A tax-free stay for a period of about 50 years. No restrictions on the number of shareholders and subject to the approval of the authority. External approvals are not there & subject to standard prices by the concerned authorities. World- Class infrastructure and support services. First-rated lifestyle and easy access to coffee shops, supermarkets and other retail shops. Ultra-modern Conference halls and meeting rooms. Types of Business Entities in Knowledge Village Free Zone There are three types of companies in Knowledge Village Free Zone. Free Zone Limited Liability Company (FZ-LLC): Incorporated as a separate legal entity with individual shareholders or corporate entities. Branch of a Foreign Company: A branch is an overseas company that is legally obliged to its parent company. Freelancer: A freelancer can offer products or services under one’s name. Dubai Knowledge Village (DKV) Free Zone Business Setup Process In order to set up a business at Dubai Knowledge Village Free Zone, follow these below-mentioned steps: Obtaining Initial Approval Register your trade name and take approval from the Dubai Technology and Media Free Zone Authority. A duly-filled application form along with the relevant documents need to be submitted for company registration. Fee Payment Dubai Technology and Media Free Zone Authority will review the documents and the application form. After this, sign and return the customer confirmation letter and make the payment. Signing of MOA and AOA Signing of Memorandum of Association (MOA) and Articles of Association (MOA). Share Capital Deposit the required amount of share capital. Company Registration After reviewing everything, you will be provided the Certificate of Incorporation. Opening a Corporate Bank Account Once all the above steps are completed, you can open a bank account in the company’s name, deposit a share capital, and take proof of capital letter to the Dubai Knowledge Village. Collect the License Finally, visit the TECOM Leasing Department to sign the lease and personnel sponsorship agreement and obtain the license. Document Requirements for Business Setup in Dubai Knowledge Village Application for company registration. Original company incorporation certificate. Details of shareholder(s). Proof of share capital from the bank or trust. No Objection Certificate for managers from UAE sponsor. Copy of passport and specimen signature of shareholder and manager. Certificate of Authorization for GSO. Board resolution for company formation. Memorandum and Articles of Association of the parent company (in case of a branch office). If you require any assistance regarding company incorporation in Dubai Knowledge Village or setting up a branch office, we at CORPIN can assist you. We can make the entire process hassle-free and pleasant for you. Get in touch with us today, we are happy to help you!

Free Zone Guide - International Free Zone Authority
Blogs

Your Ultimate Free Zone Guide: International Free Zone Authority (IFZA)

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Your Ultimate Free Zone Guide: International Free Zone Authority (IFZA) International Free Zone Authority (IFZA) was established by Dubai Silicon Oasis in August 2018 in Fujairah and moved to Dubai in August 2020. Ever since, this freezone is becoming one of the prominent investment hubs in the UAE due to its tax benefits, lucrative packages and international service standards. It is known to be the cheapest freezone for company formation in Dubai. IFZA offers customized packages to serve the needs of any entrepreneur looking forward to competitive prices in company incorporation. Benefits of Setting Up Your Company in International Free Zone Authority Fast and remote company registration and licensing processes Cost-effective packages World-class infrastructure No currency restrictions and limited liabilities No minimum capital requirement 0% personal income tax The physical presence of shareholders not mandatory for company formation Flexible residency visa packages for shareholders and employees Has the option to operate outside the UAE. Enjoy 100% ownership. 100% repatriation of profits and capital. Export and Import Duties Exemption Multiple options of trading activities and services Offers up to six activities under a single license. Easy bank account opening process Exceptional support from the UAE government Physical office space not mandatory Flexible options such as desks, office suites, warehouses, and private offices International Free Zone Authority (IFZA) Business Setup Process Contact CORPIN’s expert consultants. Schedule a call to get guidance on the International Free Zone Authority company formation package, license cost and visa process. Select the right business activity and reserve the trade name for your business. Choose the appropriate office facility for your business such as flexi-office, shared office, or private office. Submit the relevant documents for the application and review process. Make the Payment. You will be issued your IFZA Dubai License within 10 working days. Receive your company license and apply for residence visa. Apply for bank account opening and obtain other necessary clearances. Documents Required A high-resolution passport copies of each shareholder. The most recent UAE visa or UAE entry stamp of each shareholder. Emirates ID copy. A passport-size photo of each shareholder with white background. Steps for obtaining a UAE Residency Visa Through an IFZA Company After submitting the application to IFZA Dubai, a UAE e-visa will be sent to you within 4 to 5 working days. After obtaining your business license in International Free Zone Authority you can apply for the establishment card of your company within 5-7 days. Submit the application form to IFZA. Make the fee payment. Receive visa confirmation. Go for a medical check-up (within 2-3 working days). Take the medical check-up. Apply for your Emirates ID. Perform the Emirates biometric scanning process. Obtain your Emirates ID and Visa in around 9-10 days. List of Licenses provided by IFZA Commercial License – Ideal for exporting, importing, distributing, and storage of products. Industrial License – Suitable for manufacturing goods in the country. Professional License – Appropriate for care service providers, healthcare institutions, security services providers, etc. Consultancy License – Perfect for consultancy businesses with experience and expertise in the specific field. Service License – Suitable for development, production, and distribution of services and products in the UAE. General Trading License – Ideal for trading and service activities.   If you are planning to establish a company in IFZA, you can avail the professional expertise of CORPIN. We are a one-stop solution provider for all your new business setup requirements in UAE.  

DMCC Gaming Centre, Dubai
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DMCC Gaming Centre: The Ideal Destination for Setting up your Gaming Business

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DMCC Gaming Centre: The Ideal Destination for Setting up your Gaming Business The gaming industry in the Middle East has crossed 2 billion dollars in 2021 with around 70 million gamers. The UAE market is the third largest in the region with an annual revenue of 200 million dollars. DMCC Gaming Centre is a promising ecosystem for gaming industry that houses more than 50 companies. It offers world-class business services and infrastructure for gaming companies to grow and provide easy access to key industry players. Advantages of Setting Up a Gaming Business in DMCC Gaming Centre No personal and corporate tax. 100 % ownership for expats. Full repatriation of capitals and profits. No currency restrictions. A dedicated online portal and online solutions for customer services. Secure, regulated business environment. Effective immigration services including visa support. Connect with 21,000+ member companies from 180+ countries and 20+ business sectors offering you unlimited opportunities. World-class infrastructure and connectivity for companies and game developers DMCC encourages companies to synergize with Crypto, Metaverse and Web3 communities and benefit from the prospective partnerships. A company gets easy access to grow at every stage of the business journey. They can also invest in growing their business. Flexible business setup solutions such as setting up a branch, subsidiary or limited liability company. Also provides co-working spaces, ready-to-occupy offices for sale or lease. A beautiful ambience with waterfront, community park and an alluring skyline of 87 towers. Enjoy a quality lifestyle with restaurants, hotels, education facilities and healthcare in the heart of Dubai. Be a part of the Knowledge Series, a regular programme of lectures, workshops and seminars designed exclusively for DMCC members. Delivered by industry experts, these events cover a variety of topics, including Gaming and Crypto. DMCC provides a wide number of gaming licence options to members. Listed below are the activities offered to gaming and esports license: Gaming Academy Development Publishing Content Production Engine Operation Studio Services Industry Research Consultancy Services Community Management Online Service Offshore Gaming Operator Metaverse Services Esports League Operator. Data & Analytics Services. Event Management. Online Publication. Tournament Support Platform. Virtual Reality & Augmented Reality.   The Dubai Multi Commodities Centre Authority (DMCC) is the number one free zone according to global ranking (fDi*) located in the heart of Dubai with more than 21,000 companies. If you wish to set up your gaming company in DMCC gaming centre, our team of experts will guide you through every step, get all necessary approvals and set up your company in a faster timeframe than what you expect. Call us at +971 55 843 2911 or drop an email at info@corpinconsultants.com for more information.

Dubai Airport Free Zone (DAFZA)
Blogs

Your Ultimate Free Zone Guide: Dubai Airport Free Zone Authority (DAFZA)

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Your Ultimate Free Zone Guide: Dubai Airport Free Zone Authority (DAFZA) Established in 1996, Dubai Airport Free Zone is strategically located in the heart of global trade. With direct connectivity to the world’s busiest airport, this freezone is the ideal choice for electronics, engineering, logistics & cargo, aviation and pharmaceutical firms. This free zone houses more than 2300 businesses across many verticals such as aviation, logistics, pharmaceuticals, IT, engineering, and more. It also houses many prominent Fortune 500 companies such as Airbus, General Electric, Rolls Royce, Roche, Boeing, and Chanel. Benefits Of Setting Up Your Company in Dubai Airport Free Zone Business-centric regulatory. Swift company formation and licensing processes. Low operational costs. No currency restrictions. Full repatriation of profits. No minimum capital investment. 100% foreign ownership without the presence of a local service agent. No personal income tax. Exemption from corporate tax for a period of 50 years. Investors can open domestic bank accounts and international bank accounts. No export and import custom duties. DAFZA has an onsite customs clearance facility, which facilitating quick and efficient cargo and goods clearance process.. Liberty to hire foreign employees. Readily available offices, warehouses, factories, convention centers and residential complexes.. Highly-equipped infrastructure and ancillary services including healthcare support, 24-hour security; housekeeping, building maintenance, etc. Dubai Airport Free Zone Business Setup Process Setting up a business in Dubai Airport Free Zone is as simple and it involves the following steps: STEP 1: Choose your Company Name and Structure Select a suitable company name and obtain approval from authority for the same. DAFZA offers mainly two company structure options, these are: 1. Free Zone Limited Liability Company (FZ-LLC) A Free Zone LLC is incorporated as a separate legal entity, with shareholders as individuals and Corporates. It can have up to 50 shareholders. 2. Branch of a Company Any foreign company can open its branch office in Dubai Airport Free Zone (DAFZ), this company does not require any minimum capital requirement. STEP 2: Select Your License There are basically 3 types of licenses that are offered by Dubai Airport Free Zone Authority (DAFZA), which are: 1. Trading License This license provides permission for import raw materials, export, distribute, and store items specified to any country. 2. Service License By obtaining this license, a business can offer services such as legal advisory, accountancy, and business consultancy specified in the license within the free zone. The selected service/business activities should match the parent company’s license, issued by the Dubai Economic Department or Free Zones or any other jurisdictions outside UAE for incorporation as a branch of local company or branch of foreign company. 3. Industrial License If the company is planning to perform light manufacturing industrial activities, packaging and assembling, then you can go for an industrial license. 4. General Trading License By obtaining a general trading license, the company can perform general trading activities such as import, export, storage, and distribution. STEP 3: Choose your Space The final step is to choose a suitable space for your company. DAFZA provides multiple options such as business centers, offices, light industrial units and co-working spaces. STEP 4: Submit all documents Submit all necessary documents and make payments, then you will receive your issued license so that you can start operating your business. Documents Required for Company Formation in DAFZA with Individual ownership Application form. Letter of Intent. Shareholder’s 6-month bank statement (not applicable for new registration). Copy of the manager’s passport and CV. Copy of shareholder(s)’ passport and CV. Original bank reference letter for each shareholder. No-Objection Letter by the current sponsor for the manager. Initial approval(s) from the third-party authorities if required Documents Required for Company Formation in DAFZA with Corporate ownership Application form. Letter of Intent. Certificate of registration/ Incorporation Certificate of the parent company -duly attested and notarized by the UAE embassy in the country of origin and Ministry of foreign Affairs, UAE. Memorandum of association and Article of Association of the parent company -duly attested and notarized by the UAE embassy in the country of origin and Ministry of foreign Affairs, UAE. Certificate of Good standing/ Incumbency certificate of the parent company -duly attested and notarized by the UAE embassy in the country of origin and Ministry of foreign Affairs, UAE. Board of Resolution of the parent company (template shall be provided) – duly attested and notarized by the UAE embassy in the country of origin and Ministry of foreign Affairs, UAE. Power of Attorney (template shall be provided) – duly attested and notarized by the UAE embassy in the country of origin and Ministry of foreign Affairs, UAE List of UBOs (ultimate beneficial owners of the parent company). Copy of the manager’s passport and CV. Copy of shareholder(s)’ passport and CV. Original bank reference letter for each shareholder. No-Objection Letter by the current sponsor for the manager. Initial approval(s) from the third-party authorities if required.   If you require any guidance regarding company incorporation in Dubai Airport Free Zone Authority (DAFZA), we at CORPIN can guide you. With our years of experience in business setup, we can ensure you a smooth journey in obtaining the necessary licenses, permits and setting up your company in DAFZA as soon as possible. Get in touch with us to know more.

Dubai Internet City Free Zone
Business Setup

Your Ultimate Free Zone Guide: Dubai Internet City (DIC)

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Your Ultimate Free Zone Guide: Dubai Internet City (DIC) Ever since its inception in 1999, Dubai Internet City (DIC) has turned to be the largest Information and Communications Technology (ICT) Business Park of Middle East and Northern Africa. This free zone located in the heart of New Dubai has around 1.5 million square feet of commercial office space, in which over 1,400 companies with over 10,000 employees are based. DIC enables IT and telecom businesses to develop and grow in the favorable environment of a UAE free zone. In fact, this freezone house some of the famous ICT companies include Facebook, LinkedIn, Yahoo, HP, Dell, Huawei, Samsung, Microsoft, IBM, Intel, Sony Ericsson, Booking.com and Cisco. If you are planning to set up an IT or telecom-related business, this freezone is an ideal destination for you. Dubai Technology & Media Free Zone Authority (DTMFZA) is the regulatory body responsible for the set up and registration of companies in Dubai Internet City. Benefits of Setting Up Your Company in Dubai Internet City Enjoy complete ownership of business. Investor-friendly environment. Quick company formation and licensing processes. Free repatriation of capital and profits in any currency. 100% foreign ownership. Flexible legal structure. Advanced business networking and communications infrastructure. Availability of Commercial offices and business centers with exceptional facilities. Presence of Five Star Hotels, Fitness Facilities, Dining and Retail, Banking & ATM, Medical, Security and Public Safety. Dubai Internet City Business Setup Process To establish a company in Dubai Internet City, it is essential to follow these steps: STEP:1 Select the name and company structure, choose a suitable name for the company and decide the company structure. There are three company structure options in DIC which are: Limited Liability Company (FZ-LLC) Branch of a UAE Company Branch of a Foreign Company STEP:2 – Submit an application form A business license application should be submitted to DIC along with the business plan and passport photocopies of all shareholders, managers, and directors. The freezone authority will review the application and provide a provisional approval letter. STEP:3 – Submit Provisional Approval Letter and make fee payment Provisional approval letter needs to be signed, stamped and submitted with the relevant documents. Authority will review documents and send the applicant a Customer Confirmation Letter which needs to be submitted. After this, the fee payment for trade license and registration needs to be done. STEP:4- Company Registration After receiving the payment, DIC will issue Personnel Sponsorship Agreement and office space Lease Agreement. Upon receiving this agreement, DIC will issue a trade license. Documents Required for Company Formation in DIC Free Zone Passport copies of the founders. Passport copies of directors and manager. Details of the legal representative. A license application form. If you require any assistance for business licensing or registration of a company in Dubai Internet City (DIC), CORPIN can help you out. Over the past few years, we have served companies of all sizes to set up their company in DIC and making their business setup journey hassle-free. Contact us today for a free consultation.

Jebel Ali Free Zone setup guide
Free zone company setup

Your Ultimate Free Zone Setup Guide: Jebel Ali Free Zone(JAFZA)

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Your Ultimate Free Zone Setup Guide: Jebel Ali Free Zone(JAFZA) Housing over 8,700 businesses, consisting of 100+ Fortune Global 500 companies, Jebel Ali Free Zone accounts for more than 20% of the UAE’s foreign direct investment and 50% of Dubai’s total exports. Ever since its inception in 1985, this freezone is one of the largest and most modern free zones in the UAE. Jebel Ali Free Zone is located in the Jebel Ali area at the far western part of Dubai, close to the borders of Abu Dhabi. It is connected to the Port of Jebel Ali, the world’s largest manufactured port that handles over 19 million TEUs (twenty-foot equivalent units) of container traffic per year. The Dubai International Airport, the world’s busiest airport in terms of international passenger traffic is also closer to this free zone. JAFZA is one of the most sough-after freezones in UAE for entrepreneurs who are planning to expand into the Middle East region due to its strategic location, world-class infrastructure, and investor-friendly environment. Benefits of setting up your company in Jebel Ali Free Zone Vicinity to Major Markets: Jebel Ali Free Zone is strategically located with easy access to major markets in the MENA region, Europe, Asia, and Africa. Air, Land, and Sea-port Connectivity: JAFZA has easy connectivity to a sea-port, an airport, and a road network. Multiple-Entry Access: JAFZA has multiple-entry access, which permits business owners and employees to enter and exit the UAE multiple times. Presence of Fortune 500 Companies: JAFZA has warehouses and offices of over 100 Fortune 500 companies that consists of Nestle, PepsiCo. Mitsubishi Motors Middle East and Africa, Mercedes Benz Cars Middle East and Tetra Pak. Supportive Government Policies: Companies set up in JAFZA can avail many benefits including tax exemptions such as zero percent import or export duties and free trade agreements. There are no restrictions on capital repatriation and profits. Skilled Manpower: Jebel Ali Free Zone has a vibrant, experienced, and English-speaking workforce. World-Class Infrastructure: JAFZA’s infrastructure meets international standards, focusing on safety, security, and efficiency. Multiple Office-Facility Options: JAFZA offers numerous office space options like ready-to-use office suites to custom-built office space. This free zone also provides options such as warehouses, storage facilities, and retail space. These office spaces are equipped with the most advanced technology offering amenities such as high-speed lifts and comes with ample parking space. Value-Added Services: The zone also provides value-added services to support your business, including customs clearance, storage and warehousing, transportation, business counseling, legal and financial advice etc. 24×7 Assistance: JAFZA’s customer service team offers 24×7 assistance. They can be contacted by phone, email, or the live chat function on the JAFZA website. Jebel Ali Free Zone Business Setup Process For setting up a business in JAFZA, first you need to obtain a trade license from JAFZA depending on the nature of the business. There are three trade license options in JAFZA: Commercial Trade License Industrial Trade License Service Trade License After obtaining the trade license, you can apply for visas for owners and employees. After obtaining the trade license, the next step is to get a visa for the business owner and employees. The third step is to open a company bank account. The next step is to find an appropriate office space or industrial land within the free zone. Once the office space is finalized, you can obtain the necessary approvals and licenses from the relevant authorities. The final step is to register the company with the Dubai Chamber of Commerce and Industry. After the company registration process is completed, you can start operating the business from the office or industrial facility in JAFZA. If you require any assistance regarding company incorporation in JAFZA or expanding your operations, we at CORPIN can guide you. With our years of experience in business setup, we can ensure you a smooth journey in obtaining the necessary licenses, permits and set up your company in JAFZA as soon as possible. Contact us today to get more details.

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