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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
Blogs

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.

UAE tax residency certificate, Corpin Consultants Dubai
UAE Tax Residency Certificate

How To Obtain UAE Tax Residency Certificate

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How To Obtain UAE Tax Residency Certificate One of the main advantages of doing business in UAE is the fact that you can benefit from the attractive tax-friendly environment. By obtaining sufficient proof of tax residency in the UAE, one can avail a wide range of tax benefits. The UAE Tax Residency Certificate (TRC) is an official document issued by the UAE Ministry of Finance confirming that individuals and corporate entities reside in the UAE thereby avoiding the double taxation. A Double Taxation Agreement is usually signed between the UAE and other treaty countries for avoiding double taxation of income earned in one country by a non-resident. The UAE first signed the double taxation agreement with France, ever since the country has signed 92 treaties with countries across the globe. Any person residing in the UAE for minimum 180 days can apply for the Dubai Residency Certificate. The non-residents cannot apply for this certificate. Companies operating in the UAE for at least past one year can apply for a tax residency certificate. Benefits of UAE Tax Residency Certificate Can avoid double taxation. Can receive tax incentives. Can avail tax benefits for import and export. Can promote international business and strengthen cross border business relationship. How to get Tax Residency in the UAE? There are 3 ways to obtain a UAE residence certificate: via an employment contract, by purchasing immovable property, or by registering a free zone company. By registering a free zone (FZ) company, expatriate shareholders and employees of the company can apply a residency status. Applicants can sign up an account on the MOF website system in order to receive the tax Residency certificate in Dubai by email. Listed below is the process for obtaining a Double Taxation Certificate: Creating an online account in the Ministry of Finance system (MOF). Filling up a tax Residency application form. Uploading essential documents in required digital formats such as PDF or JPEG. Paying Application Fee. Receiving email notification of successful verification of application. Making remaining payment advice. Issuance of certificate and receiving at the registered address by express courier. Here is the document list required for obtaining a Tax Residence Certificate: For companies A copy of the trade license and partners’ documents. A copy of MOA (Memorandum of Association). A copy of the company’s owners/partners/directors’ passports, IDs and residence permits. A certified copy of the audited financial accounts. 6 months Bank statement. A copy of certified lease agreement. The establishment contract certified by authorities if required. The organizational structure of the company if required. For Individuals A copy of Passport and Emirates ID. Valid residence permit. Ejari/ Tenancy contract. 6 months Bank statement. Salary certificate / Income certificate. A proof from the General Directorate of Residency and Foreigners Affairs mentioning the duration of the applicant’s stay in UAE (Minimum 180 days). Tax forms (if required) from the country where the certificate needs to be submitted. Validity of UAE Tax Residency Certificate The validity of the UAE tax residency certificate is one year from the date of issue. Companies and individuals can use the Tax Residency Certificate also referred to as Tax Domicile Certificate for one country at a time. A sound knowledge in tax planning, accounting and existing rules are essential for getting maximum benefits out of the tax residency certificate in Dubai. Considering all these, it is always better to outsource this task to a well-experienced business consultants who offer the best PRO services in Dubai. Over the past few years, CORPIN has become a truly established business setup provider in UAE. Contact us for any service related to obtaining tax residency certificate.

DMCC - Global Freezone of the Year
News

DMCC Named Global Freezone of the Year – A Proud Moment

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DMCC Named Global Freezone of the Year – A Proud Moment Dubai Multi Commodities Center has been named the Global Free Zone of the Year 2022 by the Financial Times’ fDi Magazine for the eighth consecutive year. This prestigious award for free zones is decided by the Financial Times Specialist editorial team and a panel of independent judges against a comprehensive set of criteria and a review of the free zones’ ecosystems. DMCC has won this accolade for the eighth consecutive year. Ahmed Bin Sulayem, Executive Chairman, DMCC, expressed his views on this significant achievement: “DMCC receiving the ‘fDi Global Free Zone of the Year for SMEs Award’ is a strong indication of Dubai’s leading role as the global destination for SMEs. “We attribute this landmark achievement to the vision and leadership of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai to develop a vibrant SME sector and to take a leading position in empowering entrepreneurs. His Highness’ influential leadership constantly inspires DMCC to innovate and grow with one objective – to offer an inclusive marketplace where businesses can trade with confidence while ensuring Dubai continuously excels as the global hub for commodities trade and enterprise.” DMCC has created a successful ecosystem for businesses of all sizes along with a prime focus on sustainability and social impact, this trade hub also received the following titles: Large Tenant Free Zone of the Year – Global Large Tenant Free Zone of the Year – Middle East Middle East Free Zone of the Year SME Free Zone of the Year – Middle East Excellence Award for ESG Practices – Global Excellence Award for Infrastructure Development – Global Around 2,485 new businesses were established in Dubai Multi Commodities Center last year. This momentum was carried even into this year with 1,469 companies, altogether the Free zone now houses 21,000 companies. DMCC is the perfect place to grow a business in the UAE and beyond. This free zone is known for its innovative infrastructure, world-class services, and a wide choice of properties with easy accessibility to airports and seaports. Currently, seventy percent of DMCC’s member companies are SMEs, representing every sector including trading, shipping to recruitment, IT to advertising, and fashion. This is a proud moment for CORPIN too as we are an official channel partner of DMCC. If you are planning to set up your company in DMCC, feel free to contact us at +971 55 843 2911 or info@corpinconsultants.com. We offer a wide range of services including obtaining the necessary approvals, employment visas, licenses, opening bank accounts, etc.

Dubai Metaverse Hub
Blogs

Dubai is Expected to be the Metaverse Hub in the Next 5 Years

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Dubai, the city of dreams is soon expected to witness a revolutionary transformation with the advent of metaverse and blockchain ecosystems. Being a futuristic city always striving hard to embrace the best of innovation, it is all set to utilize the maximum potential of being a metaverse hub. Announced in June by Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum, the strategy aims at ensuring that the metaverse hub raises its contribution to 1 percent of the emirate’s overall GDP. Headed by the Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the strategy is made focusing five pillars – innovation, government implementation of metaverse technologies and talent development. The exceptionally crafted regulatory framework of Dubai offers the most favorable environment to make it the global capital of Web 3.0 with the path-breaking metaverse and blockchain. The Dubai Metaverse Strategy was revealed at the Dubai Metaverse Assembly on September 28, to be one of the top economies and a major global metaverse hub. Metaverse and Blockchain has immense potential to transform the digital space with a combined experience of augmented reality (AR), virtual reality (VR), spatial computing and sensorial technology. According to a forecast, the global market size of metaverse is expected to cross $1.6 trillion by 2030. However, companies such Meta (Facebook), Microsoft, Google, Mubadala, and Nvidia are just a few organizations with substantial investments in the metaverse. UAE is already on a mission to create a build a unique space for metaverse with over 1000 companies headquartered in the country. Dubai metaverse strategy is expecting to target $4billion of the country’s GDP in the upcoming five years and will generate over 40,000 virtual jobs in the metaverse and blockchain sectors by 2030. Metaverse, a path-breaking innovation of the blockchain development world though being in its initial stages expects to deliver a revolutionary experience for millions of users worldwide and shake the world’s economy. Presently, the sector generates around 500 million dollars for the UAE’s national economy. Dubai World Trade Center (DWTC) is a dedicated zone for virtual assets. The city is already setting firm foundations for the metaverse to thrive, by exploring opportunities around infrastructure, education, technology, and more.

Gitex Global 2022 - Dubai
News

Gitex Global 2022: World’s Largest Tech Event gets off in Dubai

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Gitex Global 2022: World’s Largest Tech Event gets off in Dubai GITEX 3.0, the 42nd edition of the world’s largest tech event is taking place from October 10-14,2022 at the Dubai World Trade Centre. Sprawling over an exhibition space of two million sq. ft, the event of Gitex Global 2022 will host 5,000 companies. The visitors get an opportunity to witness some of the most transformative technologies that are making a big difference worldwide. GITEX covers sectors including smart cities, cybersecurity, the data economy, mobility, healthcare and telecoms. It will welcome 52 per cent new exhibitors this year. The Gitex 3.0 edition features seven tech themes: North Star Dubai start-ups, Ai Everything, Future Blockchain Summit in association with VARA, Fintech Surge, Marketing Mania and two new launches Global DevSlam and X-Verse. Trixie LohMirmand, executive vice president of Events Management at Dubai World Trade Centre, Gitex Global’s organiser says “Gitex serves a profound purpose of enabling and accelerating the digital economies of UAE and many of its alliance partners through connecting earnest stakeholders with outstanding minds from the world, and materialising these connections into actionable partnerships.” The organiser expects more than 100,000 visitors from over 170 countries will attend the five-day exhibition, which will showcase a number of unique experiences for visitors. A major highlight of this year’s GITEX is X-Verse, curating a highly immersive metaverse experience, featuring 28 experiential brands and world premiers showcasing a revolutionary experience. A visitor pass provides access to all 8 shows such as GITEX GLOBAL, AI EVERYTHING, GLOBAL DEV SLAM, X-VERSE, NORTHSTAR DUBAI, FINTECH SURGE, FUTURE BLOCKCHAIN SUMMIT, MARKETING MANIA.

Company Incorporation in DMCC
Blogs

Steps for Company Incorporation in DMCC

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Steps for Company Incorporation in DMCC Dubai Multi Commodities Centre or DMCC is one of the most sought-after freezones in UAE for trading international commodities. With over 20,000 established businesses, it is the perfect place to set up your dream business. DMCC Freezone provides licenses for various business activities in 20 sectors including Energy, Commodities, Gold and Diamonds, Technology, Constructions, FMCG, Healthcare, Aviation, Shipping, Education, Media, Professional Services, Financial Services as well as Personal and Community Services. Advantages of Setting Up your Business in DMCC Enjoy 100% ownership & Capital Repatriation Connect with experts from 20,000 companies Strategic Location Hassle-free Licensing and Registration procedure Top-class infrastructure Choose from a multitude of industry-specific activities Ability to purchase premises Economical freight rates Affordable Company Setup Costs 50-year tax holiday assured on personal and income taxes No foreign exchange controls or barriers to entry Ability to set up a branch, subsidiary or new limited liability company Flexible office space solutions including flexi-desks and business centres for lease or sale Required Documents for Company Incorporation in DMCC: If Individual Shareholder Three proposed company names Passport copy of the shareholder, director, HR signatory and Manager Latest Utility bill of the shareholder, director, HR signatory and Manager Experience details of the shareholder, director, HR signatory and Manager Proposed business activities Business Plan (If required) Note: Documentation requirements are not exclusive lists and any further documents or information required by Government Authorities during the course of company incorporation in DMCC has to be provided by the company. If Corporate Shareholder Certificate of registration/incorporation Certificate of the parent company – Notarized from country of origin Memorandum of association and Article of Association of the parent company – Notarized from country of origin Certificate of Good standing/Incumbency certificate of the parent company – notarized from country of origin Board 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 Ultimate Beneficiary Owners (UBO) details of the parent company Passport copy of the Director, HR signatory, Secretary and Manager Latest Utility bill of the Director, HR signatory, Secretary and Manager NOC from sponsor, if the Director, HR signatory, Secretary and Manager is holding valid residency visa in UAE Experience details of the Director, HR signatory, Secretary and Manager Proposed business activities Business Plan Note: Documentation requirements are not exclusive lists and any further documents or information required by Govt. Authorities during the course of company incorporation in DMCC has to be provided by the Company. If the parent company is not a listed company, then documents 1,2,3 should be duly attested and notarized by the UAE embassy in the country of origin and Ministry of foreign Affairs, UAE for bank account opening. Steps for Company Incorporation in DMCC 1. Preparing the necessary documents Initiating the company registration process by filling in all the necessary documents. 2. Select the right license according to the activity Select from these three license options in DMCC according to your activity: Trading, Service and Industrial. Trading license permits the buying and selling, and import and export of goods from, to, and within the UAE. Service License is necessary for delivering services in sectors such as professional, legal, financial, media, technology, education, energy and healthcare. It is also ideal for representative offices of foreign companies, holding companies, family offices, and for retail activities such as restaurants & cafes. Industrial License is given for light manufacturing inside DMCC such as making jewellery with precious metals & stones and for Coffee & Tea related activities (blending, packaging, roasting, storage etc. 3. Name & Initial approval Applying for the company name with 3 proposed names. Authority would approve one company name by order first in first if it is available. DMCC company names ends with DMCC not with FZE, FZC or FZLLC. 4. Renting an Office Space The next step is to rent an office space/Virtual office/flexi desk within the DMCC freezone/JLT. 5. Select the right license according to the activity Select from these three license options in DMCC according to your activity: Trading, Service and Industrial. Trading license permits the buying and selling, and import and export of goods from, to, and within the UAE. Service License is necessary for delivering services in sectors such as professional, legal, financial, media, technology, education, energy and healthcare. It is also ideal for representative offices of foreign companies, holding companies, family offices, and for retail activities such as restaurants & cafes. Industrial License is given for light manufacturing inside DMCC such as making jewellery with precious metals & stones and for Coffee & Tea related activities (blending, packaging, roasting, storage etc. 6. Making the final Payment Once we are ready with all the approvals from the authority, we need to make the final payment for the Company Incorporation in DMCC. 7. Signing of MOA & AOA Currently, DMCC has introduced E-signing facility to sign the documents through online. Passport verification also will be done on the same time. 8. Receiving Business License Once you finalize the business location, you can obtain the company incorporation documentation, including a trade license, certificate of incorporation, and Memorandum of Articles and Association, Share certificate, Confirmation letter to open bank account in Dubai. 9. Receiving Immigration Card Once the company is Incorporated, we will get the company’ Immigration card in a couple of days. 10. Corporate Bank Account Opening Setting up a corporate bank account is a pivotal step when you Incorporate a company in the UAE. 11. Obtain Investor/ work visas The next step is to obtain employment residence permit for applicants outside the country. It is necessary to get the right entry working permit for employees. How Corpin Helps in DMCC Company Incorporation? If you are planning to set up a new company or the branch of a company in DMCC, Corpin Consultants can make the entire journey easier for you. Our expert team will guide you through every step of company incorporation in

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