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Business Setup

business setup in abu dhabi, corpin consultants, business setup uae
Business Setup

8 Key Steps for Business Setup in Abu Dhabi

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Thinking of starting a business in Abu Dhabi? Congrats, you have made the right decision! We are sure there might be various thoughts racing through your mind. From ideas and knowledge to uncertainties, you are eager and determined to make your mark in the business world. So whether you are an established entrepreneur or a newcomer with a vision for business setup in Abu Dhabi, this blog is for you. Here we will guide you through the 8 essential steps and provide practical insights to help turn your aspirations into reality. Ready? Let’s get started! Assessing Market Viability Before starting a business be it in any part of the world, it’s essential to evaluate if there’s a demand for your product or service. The same rule applies before you embark on your entrepreneurial journey in Abu Dhabi. Local adaptations, demand for the service/product, competition, buying power of consumers, business scalability, etc. should be considered. Work on how to differentiate yourself from competitors and whether your pricing strategy is at par with the market. Understanding Your Client Base Getting your homework right before diving into the world of business helps you wade through rough waters if you encounter easily. It is crucial to thoroughly understand who your ideal clients would be – whether they are public in general or private sector. Their demographics, persona, educational qualification, and likes and dislikes will go a long way in determining the success of your products. Moreover, you should research in which areas of Abu Dhabi would you like to have your office or unit, as licensing will be based on your operational location. Mainland, Free Zone, or Offshore Abu Dhabi, like many other regions in the UAE, has several free zones, mainland areas, and offshore jurisdictions. Each of these has its regulations and benefits for businesses. You need to decide between setting up in a free zone, Free Zone or Offshore based on your business goals and target market. Free zones offer ownership benefits and tax exemption, Mainland setups are necessary for broader business scopes or government dealings and Offshore establishments are not permitted to conduct business within the UAE but can engage in various international activities like holding assets, investment activities, and asset protection. So make your move after thoroughly understanding these intricacies. Legal Structure Every business setup in Abu Dhabi should follow an appropriate legal structure. There are various options such as Limited Liability Company (LLC), Foreign Branch, Representative Office, Establishment, or Public Joint Stock Company. Each of these legal business structures comes with varying benefits and obligations. You will need to gain insights into the regulations and prerequisites for each of them to determine which option is the most suitable for you. Assessing Financial Requirements While the idea of starting a business is often a seed or the starting point of your entrepreneurial journey, the real test lies in executing that idea effectively. Starting a business in Abu Dhabi involves significant costs. This includes government fees for obtaining the Trade License, third-party expenses like legal translations, incorporation fees, and fees needed for leasing out. All these upfront expenses must also be considered apart from the usual costs that you may have to incur such as marketing, branding, insurance, professional services, infrastructure, inventories, employee costs etc. before generating any income. Managing Cash Flow This is an extension of the previous point because maintaining sufficient funds is also critical once you establish a business in Abu Dhabi. This is to cover ongoing expenses such as staff salaries, visa processing, utilities, equipment, travel, annual renewal fees for the trade license, commercial premises, waste management charges, etc. must be considered until the business becomes profitable. Staffing and Visa Requirements Now this part is one of the most crucial aspects. You will need to ensure compliance with an employment visas, labor card, and health insurance regulations for your staff. Obligations such as monthly salary payments and setting aside funds for end-of-service gratuity payments will also need to be considered. Understanding Legal Obligations A good businessperson will always acquaint himself or herself with relevant laws and regulations, including the Commercial Companies Law, Penal Code, Employment Law, Civil Code, and Commercial Code, if not in detail. It is important to protect your business and employees. You need not memorize them all as laws keep on updating and to stay relevant with them you can engage one of the best business advisors in Abu Dhabi, who can apart from helping you with the company formation process also offer a local legal counsel to ensure compliance and mitigate risks. Let the Expert Handle the Process of Business Setup in Abu Dhabi! Starting a business comes with lots of formalities related to documentation, compliance with laws, understanding of the business process setup, and following it diligently is important for success. As an entrepreneur, you will not have the know-how or the time and resources to look into every aspect of the business setup process perfectly. That is where we at Corpin Consultants can help. Our team will do all the heavy lifting for you, right from documentation, obtaining licenses, finding commercial premises, bank account opening, visa process, etc. Counted as the best business setup consultant in Abu Dhabi, you can trust us for all your venture establishment needs and we assure you of the highest quality of service. If you have any questions or need assistance,  please don’t hesitate to call   Ebi Kadavan at  +971 55 843 2911,  or you can email us at info@corpinconsultants.com to schedule a meeting.

food truck business Abu Dhabi, business setup Abu Dhabi, Corpin Consultants
Business Setup

A Culinary Adventure: Starting A Food Truck Business In Abu Dhabi

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Embarking on a food truck venture in Abu Dhabi is not just a business opportunity; it’s a flavorful journey into the heart of culinary entrepreneurship. With the growing popularity of food trucks worldwide, the streets of Abu Dhabi are ready to welcome this mobile gastronomic experience. we outline the benefits of starting a food truck business in Abu Dhabi, potential parking locations, and the essential steps to launch your own mobile culinary venture. The Benefits of Starting a Food Truck Business in Abu Dhabi: 1. Cultural Diversity: Abu Dhabi, known for its diverse population, offers a rich tapestry of culinary preferences. A food truck allows you to cater to this multicultural audience by providing a variety of dishes that appeal to different tastes. 2. Low Overhead Costs: Compared to establishing a traditional restaurant, launching a food truck involves significantly lower overhead costs. You can avoid hefty rental expenses and invest more in the quality of your ingredients and the uniqueness of your concept. 3. Mobility and Flexibility: A food truck provides the flexibility to explore different locations and adapt to changing customer trends. You can participate in events, festivals, and even relocate to high-traffic areas, maximizing your visibility and potential customer base. 4. Unique Branding Opportunities: The visual appeal of your food truck can serve as a unique branding opportunity. A well-designed truck with an eye-catching logo and colors can make your business instantly recognizable and memorable. 5. Direct Customer Interaction: Operating a food truck allows you to engage directly with your customers. This personal touch can help build a loyal customer base and create a community around your brand. Ideal Parking Locations for Food Trucks in Abu Dhabi: Selecting the right parking location is crucial for the success of your food truck business. Here are some prime areas in Abu Dhabi where you can park your culinary venture: 1. Corniche Road: The scenic Corniche Road offers a picturesque setting for food trucks. Its popularity among locals and tourists alike makes it an excellent location for maximizing visibility. 2. Public Parks: Abu Dhabi boasts several beautiful parks that attract families and fitness enthusiasts. Parking your food truck near popular parks can tap into a diverse customer base. 3. Business Districts: Consider strategic parking in busy business districts during lunch hours. Professionals looking for a quick and delicious meal will appreciate the convenience of a food truck. 4. Event Venues: Participating in events, festivals, and markets is an excellent way to introduce your food truck to a broader audience. Check local event calendars for opportunities to set up shop. 5. Beachfront Areas: Abu Dhabi’s stunning beaches draw crowds throughout the year. Positioning your food truck near beachfront areas can attract beachgoers seeking refreshments and tasty treats. Is a Food Truck Business a Good Idea in Abu Dhabi? Absolutely! The thriving food scene in Abu Dhabi, coupled with the city’s vibrant atmosphere, makes it an ideal location for a food truck business. The diverse population and the city’s commitment to promoting entrepreneurship create a welcoming environment for culinary ventures. Steps to Launch Your Food Truck Business in Abu Dhabi: 1. Research and Conceptualization: Research the local food scene to identify gaps or unique concepts. Develop a distinctive menu that sets your food truck apart. Consider dietary trends and cultural preferences in your menu planning. 2. Business Plan and Legalities: Create a detailed business plan outlining your concept, target market, and financial projections. Obtain the necessary permits and licenses to operate a food truck in Abu Dhabi. 3. Truck Design and Branding: Invest in an attractive and functional food truck design. Develop a memorable brand identity, including a logo and color scheme. 4. Supplier Partnerships: Establish relationships with reliable food suppliers for fresh and high-quality ingredients. Consider sustainable and locally sourced options to align with current trends. 5. Location Scouting: Research and identify prime parking locations for your food truck. Explore partnerships with businesses for parking arrangements. 6. Marketing and Social Media: Utilize social media platforms to create anticipation and awareness. Implement creative marketing strategies, including promotions and partnerships. 7. Operations and Staffing: Develop efficient operational processes for food preparation and service. Hire a reliable and customer-friendly staff to ensure smooth operations. 8. Launch Event: Generate buzz by hosting a launch event or participating in a local festival. Offer promotions and discounts to attract your first customers. 9. Customer Feedback and Adaptation: Encourage customer feedback to continually improve your offerings. Stay flexible and be willing to adapt your menu or concept based on customer preferences. Launch a Food Truck Business In Abu Dhabi With Corpin Consultants Launching a food truck enterprise in Abu Dhabi extends beyond merely delivering meals on wheels; it involves crafting a culinary journey that harmonizes with the diverse palates of the city’s residents. Our expert team guides you through every step, from business planning to legalities, ensuring a seamless start to your mobile culinary venture. Benefit from our extensive knowledge of the local market and discover prime parking locations to maximize visibility. With Corpin Consultants, turn your passion for food into a thriving business, tapping into the vibrant culinary scene of Abu Dhabi. Let us be your partner in creating a successful and delectable food truck enterprise. If   you  have  any  questions  or   need   assistance,  please  don’t  hesitate  to  call   Ebi Kadavan at  +971 55 843 2911,  or  you  can  email  us  at info@corpinconsultants.com to schedule a meeting.

Dubai free zones, free zone business set up, Free zone company setup
Business Setup

Dubai Free Zones in 2023: Choosing The Right Zone For Your Business!

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Dubai Free Zones have long been attracting entrepreneurs and investors from all over the world. These specialized zones offer intriguing incentives and benefits for businesses, which all make them appealing destinations for expat businessmen, start-ups as well as established businesses looking to set up or expand their operations in this region. Moreover, these free zones play a crucial role in the economic growth of the city. They attract substantial foreign investment, offer employment opportunities, encourage collaboration and knowledge exchange, boost trade and export, drive infrastructure development, promote business growth, and enhance competitiveness.  If you are looking for the right zone for your company formation, this article is for you. However, before understanding how to choose the right free zone for company formation in Dubai, let us explore in detail these zones and the advantages they offer. What exactly are Dubai Free Zones? A free zone in Dubai, also known as a free trade zone or free economic zone, is a designated geographic area within a country where businesses enjoy distinct regulatory and tax advantages. Dubai’s free zones were established to promote economic diversification and attract foreign investment by creating environments that foster innovation, trade, and growth. As of 2023, there are over 30 free zones in Dubai, each of which caters to specific industries and sectors. What are the Major Advantages of Dubai Free Zones? 100% Foreign Ownership: One of the most significant advantages of Dubai’s free zones is that they allow foreign investors to hold 100% ownership of their businesses. In many other parts of the UAE and the world, foreign ownership restrictions can hinder investment opportunities. Tax Incentives: Businesses operating within Dubai’s free zones benefit from various tax incentives, including zero corporate and personal income taxes for a specified period (usually 15-50 years). This attractive tax regime provides significant cost savings for companies. Customs Benefits: Free zones offer businesses exemption from import and export duties. This allows for smooth and cost-effective international trade. Simplified Regulations: Dubai’s free zones provide a streamlined process for business setup and licensing. The hassle of dealing with multiple government agencies is reduced, which enables faster company formation. Great Infrastructure and Facilities: Free zones are designed with state-of-the-art infrastructure, advanced technology, and excellent facilities to support various industries. This is conducive for businesses to thrive. Access to Skilled Workforce: Many free zones are located near educational institutions and residential areas, which ensures seamless access to a skilled and diverse workforce. How to Choose the Right Dubai Free Zone? When selecting the ideal free zone for your business setup in Dubai, you will need to consider several factors as below: 1. Industry and Business Type Most entrepreneurs aren’t aware that different free zones cater to specific industries and sectors. Hence, it is necessary that you research the free zones that align with your business activities. For instance, if you’re in the technology sector, Dubai Internet City and Dubai Silicon Oasis are suitable options, while Dubai Multi Commodities Centre (DMCC) is a hub for commodities and trading businesses. 2. Business Activities Make sure to define your business activities and ensure they are permitted within the chosen free zone. That is because some zones have restrictions on certain activities, and it’s essential to align your offerings with the zone’s regulations. 3. Location Also, consider the free zone’s location with respect to your target market, suppliers, and transport hubs. Proximity to major highways, ports, and airports offers significant advantages for businesses dependent on logistics. 4. Infrastructure and Facilities Evaluate the infrastructure and facilities provided by the free zone. This includes office spaces, warehouses, manufacturing facilities, and technology infrastructure. A well-equipped free zone can positively impact your operational efficiency. 5. Licensing Options Dubai’s free zones offer various types of licenses, such as trading, service, industrial, and professional licenses. You need to go for the one that best suits your business model. 6. Company Setup Costs Different free zones have varying setup costs, including license fees, visa costs, and office rental prices. Consider your budget and weigh it against the benefits and services offered by the chosen zone. 7. Flexibility and Expansion Opportunities Check the free zone’s policies regarding company expansion, subleasing, and adding additional business activities. A flexible zone can accommodate your future growth and diversification plans. 8. Networking and Collaboration Some free zones host events, workshops, and networking opportunities that foster collaboration among businesses. If networking is important to your business strategy, choose a free zone that offers such activities. 9. Legal and Regulatory Framework Study the legal and regulatory framework of the chosen free zone. This includes the ease of obtaining visas, opening bank accounts, and navigating labour regulations. 10. Track Record Established free zones with a proven track record of supporting businesses can provide a sense of security and reliability. Top Dubai Free Zones in 2023 As of 2023, some of the prominent free zones in Dubai include: · Dubai Internet City: This free zone is ideal for tech and media companies. It offers a thriving ecosystem for IT innovation and digital media. · Dubai Silicon Oasis: Focused on technology and electronics manufacturing, this zone provides facilities for research and development, light industrial activities, and tech start-ups. · Jebel Ali Free Zone (JAFZA): JAFZA is one of the oldest and largest free zones, which is well-known for trading and manufacturing businesses, offering a comprehensive range of services. · Dubai Multi Commodities Centre (DMCC): Known for its commodities and trading focus, DMCC is home to a wide range of businesses, from diamond traders to financial services. · Dubai Healthcare City: Catering to the healthcare and wellness sectors, this free zone offers specialized facilities and a collaborative environment for medical professionals. So if you are out and about for a free zone company formation in Dubai, then use the above tips, make an informed decision, and position your business for success. Need support with company formation services in Dubai? Get in touch with us at Corpin Consultants. Our seasoned experts will help you form a company from inception to

business setup in SHAMS, UAE Free Zones, free zone business setup
Business Setup

Comparing SHAMS with Other UAE Free Zones: Why Choose SHAMS for Your Business

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Are you considering the idea of establishing a company within a UAE-free zone? Well, SHAMS (Sharjah Media City) stands as the perfect free zone to house your business. This blog explores different attributes that position SHAMS as the prime choice for entrepreneurs looking to make their mark in UAE. Rise to prominence in a short time SHAMS Free Zone was established in 2017 and is the youngest free zone that has risen to prominence in a relatively short period. While some free zones have a long-standing presence, SHAMS has defied conventions by achieving remarkable recognition in just a few years of its establishment. SHAMS’ rapid rise serves as a testament to its dynamic vision and proactive initiatives. This has set it apart as a standout player in the realm of free zones. Nurtures a Spectrum of Industries Unlike certain free zones that are industry-specific, SHAMS embraces a wide spectrum of sectors, from media and technology to services and consultancy. This diverse ecosystem fosters collaboration, innovation, and cross-industry synergy that could amplify your business prospects. The inclusion of media, technology, services, and consultancy sectors under the SHAMS Free Zone umbrella signifies a deliberate effort to create a holistic ecosystem. This ecosystem nurtures not only individual industries but also the interactions and overlaps between them. This approach acknowledges that growth and innovation often arise from the intersection of different fields, where the exchange of ideas and expertise can lead to ground-breaking advancements. For instance, a technology-driven enterprise could find opportunities to collaborate with a media-focused company to create immersive digital experiences, while a consultancy firm might offer specialized insights to enhance services companies. This interconnectedness unlocks innovation by allowing businesses to draw inspiration from unexpected sources and leverage complementary expertise. By facilitating this cross-industry synergy, SHAMS Free Zone positions itself as a catalyst for heightened business prospects. Strategic Location SHAMS is strategically located in Sharjah, a mere 30 minutes from Dubai. This offers the zone a strategic advantage of accessibility to key markets. Bordered by six of the UAE’s seven emirates, this location seamlessly integrates with the broader UAE business network. This proximity to Dubai, a global hub for business and innovation, presents an array of benefits that extend beyond mere geographic convenience. This interconnectedness facilitates not only the flow of goods and services but also the exchange of ideas, technologies, and expertise. This provides businesses within SHAMS Free Zone with a comprehensive and holistic ecosystem to leverage, enhancing their potential for growth and collaboration. Competitive Pricing SHAMS Free Zone stands out with its competitive pricing structure. This spans various crucial aspects, ranging from the fees associated with licenses to the rates for office spaces. This unique advantage provides you with an opportunity to strategically allocate your resources and funds in a manner that would best serve your business’s growth, enhancing your potential for success. Ownership Freedom SHAMS’ offering of full foreign ownership underscores a commitment to facilitating your business autonomy and decision-making power. SHAMS Media City, in particular, is designed to cater to individuals who possess a specialization or keen interest in the realm of media. The primary aim is to cultivate and amplify their skills and nurture their growth within the sector. This strategic combination positions SHAMS Free Zone as an appealing destination for both international investors and media professionals. While SHAMS Free Zone doesn’t restrict itself to media-exclusive endeavours, its dedication to elevating the media sector within Sharjah remains resolute. Documentation required to set up a company in SHAMS Free Zone Setting up a company in SHAMS Free Zone involves several documentation requirements to ensure compliance and proper establishment. While specific documentation might vary based on the type of business activity and company structure, here is a general list of documents commonly needed: · Application Form: A completed application form provided by SHAMS Free Zone. · Passport Copies: Passport copies of shareholders, directors, and other stakeholders involved in the company. · Visa Eligibility: Proof of visa eligibility, such as educational qualifications or professional experience, if applicable. · Business Plan: A detailed business plan outlining your company’s objectives, activities, and growth projections. · Shareholder/Director Details: Detailed information about shareholders and directors, including personal and contact details. · No Objection Certificate (NOC): If you are transferring from another UAE entity, you might need a No Objection Certificate from your current sponsor. · Memorandum of Association (MOA) and Articles of Association (AOA): Drafted documents outlining the company’s structure, shareholders’ roles, and operating procedures. · Bank Reference Letter: A bank reference letter for shareholders or directors to demonstrate financial stability. · Lease Agreement: A lease agreement for your chosen office space within SHAMS Free Zone. · Trade Name Reservation: A certificate confirming the reservation of your desired company name. · Power of Attorney (if applicable): A Power of Attorney document authorizing a representative to handle company setup procedures on your behalf. · Attested Documents: Some documents might need to be attested by relevant authorities or the UAE embassy in your home country. · Passport Photos: Recent passport-size photos of shareholders, directors, and other key personnel. Conclusion When you’re thinking about the best place for your UAE business, there’s no need to search further. SHAMS Free Zone isn’t just a choice – it’s a hub of new ideas, teamwork, and endless chances. It’s dedicated to helping all sorts of businesses succeed, and its great location and business-friendly rules make it the perfect starting point for your business adventure in the UAE. Corpin Consultants has been a trusted partner for innumerable businesses that have established their foothold in SHAMS Free Zone. You can count on us too to handle documentation, procure licenses and permits, and ensure your compliance with SHAMS’ requirements. Moreover, our commitment doesn’t end with this – we provide ongoing support to you for compliance and renewals so that you can firmly establish your business in the SHAMS free zone efficiently.

business setup in dafza, dafza company formation, corpin consultants
Business Setup

Business Setup in DAFZA (Dubai Airport Free Zone Athority) Benefits & Process

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Business Setup in DAFZA? Here’s what you need to know! Dubai’s Airport Free Zone (DAFZA) is a prime destination for businesses looking to establish a foothold in the Middle East. DAFZA offers a host of benefits for entrepreneurs and companies seeking to expand their operations. What is DAFZA? DAFZA is a dynamic free zone strategically situated near Dubai International Airport. It houses diverse industries such as aerospace, technology, healthtech, logistics, and more. The location provides superb connectivity and access to global markets, making it one of the sought-after places in the world for entrepreneurs to set up their businesses. The free zone offers various strategic benefits to businesses owing to its prime location. The region’s excellent infrastructure coupled with government support makes it an ideal place for businesses to thrive and flourish. Legal and Regulatory Considerations Before doing a business setup in DAFZA, it is essential to determine the most suitable legal structure for your business so that you comply with all applicable regulations. DAFZA offers various options for business setup in dubai, including Free Zone Company (FZCO), Branch Office, and Freelancer Permit. Each option has its unique requirements and benefits, and you must carefully evaluate which one you should opt for. It is better to choose a legal structure that aligns with your business objectives. After selecting the appropriate legal structure, obtain the necessary licenses and permits to operate in DAFZA. The free zone has a streamlined licensing process to facilitate a smooth business setup. You may be required to acquire specific licenses depending on your business activities. However, you can rest assured that if you have proper documents in place, DAFZA provides comprehensive support throughout the licensing process. Once you are equipped with all the legal and regulatory details, you can start with the business set-up process in DAFZA. Step 1: Check your eligibility criteria Various factors will determine your eligibility for running a business. This includes your business activity, finance, and shareholding structure. You will need to ensure you meet the defined criteria as the government will verify your ability for business setup in DAFZA. Step 2: Submit the Application and Documents Have all the necessary documents, including your business plan, passport copies, and other relevant paperwork. Submit your application to DAFZA along with the required fees. Step 3: Company Name Registration Select a unique business name and get it registered with DAFZA. The name should comply with DAFZA’s naming guidelines and should reflect the nature of your business. Step 4: Lease Agreement Secure a physical address for your business in DAFZA by signing a lease agreement. DAFZA offers flexible office spaces with facilities to meet the specific needs of different businesses. Step 5: Obtain Approvals and Licenses Obtain the necessary approvals and licenses for your business in DAFZA by visiting the office. You may be required to obtain trade licenses, immigration cards, and visas for employees. Step 6: Bank Account Opening You will then be required to open a corporate bank account in the UAE. DAFZA has partnerships with several leading banks, so you easily open an account for your business in the free zone. Step 7: Start Operations After obtaining all the required licenses and approvals, you can officially commence your business operations in DAFZA. You can start hiring employees, procure necessary resources, and run business operations as per your plan. World-class business facilities and infrastructure DAFZA provides excellent facilities and infrastructure to support the growth and success of businesses. It offers a range of options for diverse industries such as state-of-the-art office spaces, modern warehousing, and logistics facilities. The free zone is also equipped with advanced IT and telecommunications infrastructure to ensure the business can execute its business operations seamlessly. Attractive Benefits DAFZA is a tax-free zone, which means businesses are 100% exempted from corporate and personal income taxes. Additionally, companies benefit from customs duty exemptions on imports and exports within the free zone. Start a business in DAFZA with Expert Guidance The business setup in Dubai’s Airport Free Zone (DAFZA) opens the door to a world of opportunities. By partnering with a trusted business consultancy firm like Corpin Consultants, you can steer the setup process with confidence. Corpin Consultants will provide you with comprehensive guidance and support throughout the business setup process. We work with you to help you obtain the necessary licenses and permits to ensure your business meets all legal requirements. With our deep understanding of DAFZA’s business setup processes, regulations, and business environment, we can provide invaluable assistance throughout the setup journey. Corpin Consultants can assist with documentation and can liaise with DAFZA authorities on behalf of you to facilitate smooth communication and eliminate any potential delays. Furthermore, we also help businesses select the most suitable workspace, warehousing, or logistics solutions within DAFZA. For more details on business setup in DAFZA, call us at +971 55 843 2911 or email info@corpinconsultants.com or get a free consultation today!

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 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.

manufacturing company in dubai
Business Setup

All About Setting Up A Manufacturing Company in Dubai

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All About Setting Up A Manufacturing Company in Dubai Though a significant portion of the UAE’s GDP comes from the oil sector, still that dependency level is slowly declining with the rapidly growing manufacturing sector. Right now the GDP contribution of the manufacturing sector is 14 percent which is expected to increase up to 25% in the next 15 years.  As a result, more investments will be made in this sector, especially in the non-oil areas. The UAE government has already taken several noteworthy initiatives to boost the growth of manufacturing company in Dubai. Manufacturing business setup in Dubai offers numerous advantages, making it an attractive destination for entrepreneurs and investors worldwide. Here’s a glimpse into the process of forming a manufacturing company in this bustling emirate: Legal Structure: The first step involves choosing a legal structure for your manufacturing company. Options include free zone companies, mainland companies, and offshore companies, each with its own set of regulations and benefits. Business Plan: Craft a comprehensive business plan outlining your manufacturing activities, target market, financial projections, and operational strategies. This plan is essential for obtaining approvals and funding. Company Name: Choose a unique name for your company and ensure it complies with the naming conventions set by the Dubai Department of Economic Development (DED). Registration: Register your company with the DED, a free zone authority, or a relevant government agency depending on your chosen location and business structure. License: Obtain the necessary licenses and permits, which may vary depending on the nature of your manufacturing operations. Location: Select a suitable location for your manufacturing facility, taking into account factors such as proximity to ports, suppliers, and transportation networks. Hiring: Recruit skilled labor, technicians, and other staff members required for your manufacturing processes. Infrastructure: Invest in state-of-the-art infrastructure and technology to support your manufacturing operations efficiently. Compliance: Ensure compliance with local regulations, including labor laws, environmental standards, and health and safety requirements. Market Entry: Develop a marketing and distribution strategy to enter the local and international markets effectively. Financials: Establish banking relationships, secure funding if needed, and manage your finances meticulously. Expansion: As your manufacturing company grows, consider opportunities for expansion, diversification, or entering into partnerships to maximize your business potential. Dubai’s strategic location, modern infrastructure, and business-friendly policies make it a prime destination for manufacturing companies looking to tap into the Middle East and global markets. With careful planning and adherence to local regulations, establishing a manufacturing company in Dubai can be a rewarding endeavor. What makes Dubai the perfect destination for setting up a manufacturing company? According to Dubai Industrial Strategy 2030, Dubai’s industrial growth is expected to cross $16.1 billion by 2030. The government has identified 75 strategic initiatives for transforming this Emirate into an international hub for knowledge-oriented, innovative and sustainable industrial activities. The strategic geographical location, diverse consumer base, talent hub, excellent infrastructure, easy business registration process, and political and economic stability are some factors that make Dubai the perfect destination for setting up a manufacturing company. Steps For Setting Up A Manufacturing Company in Dubai Mainland Select an appropriate activity regarding manufacturing products. After selecting the activity, find a reliable sponsor Submit all essential documents to the Department of Economic Development for obtaining name approval and initial approval. Sign the Memorandum of Association with the notary public along with the local sponsor. Manufacturing company setup in the UAE requires a warehouse or land. Obtain the tenancy contract and Ejari from the landlord of the warehouse. Get an approval from the Municipality of Dubai for obtaining the industrial license. After getting all essential approvals, submit the documents to the Environment Department for industrial approval. Get NOC from the civil defence. Obtain external approvals from the department. These are for selected manufacturing units such as approval from food control for manufacturing food products, narcotics department for chemical production, or Police approval for manufacturing jewellery. After obtaining all approvals, submit all the papers to the Economic Department to get the industrial license. Make a payment, and your industrial permit will be issued. Whether it is obtaining the essential approvals, preparing necessary documents, bank account assistance, Corpin Consultants offer all services related to setting up manufacturing companies in Dubai. Contact us at +971 55 843 2911 or ek@corpinconsultants.com for a free consultation.

business setup in UAE, e-commerce business setup UAE, Corpin Consultant
Business Setup

7 Steps to Consider Before Starting An E-Commerce Business Setup In UAE

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7 Steps to Consider Before Starting an E-Commerce Business Setup in UAE Online shopping has now become an inevitable part of our lives. Long back, it was considered as a matter of convenience and luxury, but now it has turned out to be a necessity with the recent COVID-19 situation that shook the entire world. According to the joint study published by Dubai Economy and VISA entitled, ‘UAE e-commerce Landscape, the average annual growth of the e-commerce market in the UAE is expected to rise by 23 percent between 2018 to 2022. With this rapidly emerging online retail trend, many entrepreneurs are planning to establish their e-commerce business in the UAE. If you are one among them, here are 7 steps worth considering: 1. Choose the right jurisdiction for obtaining license Business owners can select their preferred legal entities, free zone or mainland depending on a business type and area of interest. A mainland license offers you the freedom to trade or sell your products and services directly to the local market whereas a free zone license requires you to work with a local distributor. A free zone license has several advantages such as 0% income tax, 100% repatriation of business profits, 0% corporate tax, 100% complete business ownership and negligible custom duties. 2. Select a trade name The second step is to select a unique business name which no one else is using. In order to reserve a trade name, you need to obtain the name approval certificate from the DED (Department of Economic Development). Necessary documents required Passport/visa copies of shareholders Copy of sponsors passport/ Emirates ID Local service agreement/ MOA (Memorandum of Association) NOC from the relevant authority 3. Obtain the license Obtain the essential license from DED (Department of Economic Development). 4. Develop and launch your website A website is the most important part of your e-commerce business, it is the platform for showcasing your products and interacting with customers. Make sure that your website has secure hosting and a user-friendly interface. 5. Payment Gateway Integration It is essential to offer different payment options for customers and when you shortlist these options, always keep two things in mind: stability of the payment gateway and transaction success rate. 6. Safe logistics, storage, and delivery It is necessary to have a secure warehouse to store your physical goods. After securing a warehouse, you need to establish a reliable logistics system to ensure a safe delivery of products to customers. You can either opt for a third-party logistics or build your own. 7. Marketing Soon after your business is all set to be launched into the market, the next step is to come up with a marketing strategy for reaching your target customers. This marketing strategy should also align with the interests and needs of consumers. Starting an e-commerce business setup in UAE requires careful planning, but with the right approach and understanding of the local market, you can set yourself up for success in this rapidly growing sector. It’s recommended to seek professional advice and guidance from business consultants or legal experts to navigate the complexities of setting up an e-commerce business in the UAE. Corpin Consultants have helped several entrepreneurs and companies to set up their e-commerce business in the UAE. We can assist you in selecting the right jurisdiction, easily open bank accounts and ensure a hassle-free licensing procedure. Contact us to book a free consultation with our experts.

Business setup in UAE, Business Setup in ADGM, Corpin Consultants
Business Setup

Setting Up An SPV in the ADGM

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Setting Up An SPV in the ADGM The Abu Dhabi Global Market (ADGM) has been serving us as a major ecosystem for many ambitious organizations handling banking, insurance, wealth management, asset management, and capital market activities. Recently the ADGM has implemented a cost-effective and flexible SPV system, which is attracting a significant number of investors in the UAE and MENA region. Special Purpose Vehicles (SPVs) are passive holding companies established with the agenda of isolating financial and legal risk by guaranteeing certain assets and liabilities. These companies can be set up as subsidiaries, projects or joint venture vehicles so any assets related to a transaction are exposed to the liabilities associated with that transaction.  Major Attractions for setting up a Special Purpose Vehicle (SPV) in the ADGM No attestations Corporate documents do not require any attestation and there is no need for filing audited financial statements. Shelf SPVs are permitted ADGM enables the setup of shelf SPVs wherein a business, law firm or corporate service provider needs ready SPVs for a transaction. No restrictions on the nationality of ownership and share capital There are no restrictions on the nationality of shareholders and minimum share capital. Apart from that there are no mandatory requirements for the maximum number of shares or shareholders; just one shareholder and a director are required. No physical office space required SPVs can keep the address of an agent, existing or holding company, or virtual office. This may reduce set-up costs. Uses of SPV Securitisation An originating party can offer security for loans by creating an SPV that purchases assets by issuing debt, secured on the underlying assets. Real Estate Investment Can be used for acquiring title to real property and limit recourse of mortgage lenders based on the location of the asset. In some jurisdictions, the sale of the SPV’s shares can reduce taxes and transaction fees. Asset Transfer Can be used for transferring assets along with material agreements. Risk Sharing Joint ventures can form project-based companies and allow equal sharing of risks between both partners. Raising Capital Can be used for raising capital, with creditworthiness determined by the collateral of the SPV Intellectual Property Can be used for separating Intellectual Property into a different structure with less liabilities, increased funds and signing license agreements with third parties. If you have any questions or need any assistance for setting up an SPV in the ADGM, get in touch with us at +971558432911 or ek@corpinconsultants.com.

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