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Starting an IT Company in Dubai, business setup in Dubai, Corpin Business Setup Consultant
Company Setup

How To Start An IT Company In Dubai?

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How to start an IT Company in Dubai? With its dynamic economy and advanced approach, Dubai has emerged as a global hub for technology and entrepreneurship. If you’re passionate about technology and want to make your mark in this vibrant city, starting an IT company in Dubai could be the opportunity of a lifetime. What’s more, with the right mindset, skills, and resources, you can turn your vision into a reality. But before you dive in, let’s have a look at some essential tips that can help you get started on the right foot. These tips will not only save you time and money but also give you a better chance of success in this highly competitive market. What’s your niche? Focusing on the niche is the first step you can take to develop a unique product or service that meets the specific needs of your target customers. To find a niche, it is essential to do research and find a gap in the market. Ensure that the niche you are going to select aligns with your skills, interests, and expertise. For instance, you can focus on creating software that simplifies complex tasks, or an app that streamlines a particular business process. So you see by identifying a niche for which you can create a solution, you’ll be able to develop a unique selling proposition (USP) that showcases your strengths. It will help you stand out in the market. So, take the time to research, brainstorm, and test your ideas. You your niche could be the key to your success in making it big in the IT world of Dubai. Conduct market research Market research is considered the foundation on which successful businesses are built. When it comes to starting an IT company in Dubai, market research is even more crucial. Dubai’s tech scenario is evolving rapidly and you will need to do thorough market research if you want to stay ahead of your competitors. But what exactly is this market research? Well, market research comprises a process of gathering and analyzing information about your business landscape, competitors, and customers. Right from conducting surveys to talking with customers and using online tools to interviewing a focus group, this research will help you understand your customers’ requirements, their pain points as well as the strengths and weaknesses of your competitors. Ultimately, it will help you develop a strategy that meets your objectives and sets you apart from others. Get the necessary licenses When it comes to getting the necessary licenses and permits in Dubai, the Dubai Department of Economic Development (DED) is the place to start. You will need to know what kind of licenses you will need. Starting a business for a foreigner can be overwhelming in Dubai because there’s a specific license for each business type. For instance, if you are providing an IT service, you will have to obtain a professional license. If selling a software solution, you’ll need a professional license and if you are involved in producing technology hardware, you will need an industrial license. According to the recent changes in the law, an expat entrepreneur can own 100% ownership of the company in Dubai. Moreover, if you want to partner with a corporate or local sponsor in Dubai to fund your business, you can do so. To start, you will need a trade name, ownership structure, business activities, and some additional documentation. Feeling overwhelmed? You don’t have to as you can always find a local agent who can assist you with obtaining a license based on your business. With a trustworthy consultancy firm like Corpin Consultants, you can easily set up your business that complies with the law. Set up your office After obtaining a license, it’s now time to start setting up an office of your IT company in Dubai. Finding the right office that meets your requirements can be a challenge. There are several skyscrapers and modern architecture buildings in Dubai, but navigating the rental market can prove to be costly and a real hassle. Hence, ensure that you take time and do your research well – like first consider the location. Make sure that your office is conveniently located so that you and your clients can commute easily. Second, is the layout of the office. Check if it can accommodate your team and any products or equipment that you will need to store. Think about the amenities that you get along with the space such as checking if you are getting high-speed internet, conference rooms, and other essentials. Getting an office for rent in Dubai is not cheap so plan your budget wisely. Hire the right team A team is everything; the right people in your team can help you take your business to new heights while the wrong ones can pull you back! So becoming intentional and strategic is of utmost importance when hiring. To hire the right people, you will need to identify the skills and experience you are looking for in people. They should meet your business goals. For instance, do you need a UX/UI designer with certain software expertise? In short, make a list of expertise or talents that you will need for each of the job profiles and access candidates based on these criteria. And that’s not the only thing when hiring in Dubai, the city is multicultural, vibrant, and dynamic. Have a diverse team culture. Hire individuals from diverse backgrounds as it will help you have a wider perspective in your business. Be an inclusive employer. Create a workplace that is supportive and welcoming of individuals from different races, genders or backgrounds. By having the right team in place, you can easily make your IT business thrive in Dubai. Develop your product or service It’s now time to start developing a product or service that will truly set your IT Company in Dubai apart. Use the market research to understand what problems your customers are facing that you can solve, and the opportunities you can

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.

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