Faic Business Consultancy JLT

Email: info@faicdubai.com

Freezones

Freezones (18)

Ras Al Khaimah Free Zone

In Freezones ,
Written by Saturday, 23 February 2013 19:43

Ras Al Khaimah. With a favourable geographical location at the crossroad of trade between the East and West, the excellent infrastructure, strong government support towards the private sector, and not to mention its unmatched natural beauty, it is no surprise that the emirate of Ras Al Khaimah has emerged as a destination of choice for investors and leisure travellers alike. Ideally positioned to service and access markets like the Middle East, Africa, the Indian Subcontinent and the CIS countries, Ras Al Khaimah has become a growth-driven emirate with an increased focus on manufacturing, services, real estate, construction and tourism.
Ras Al Khaimah, the fourth-largest emirate in the UAE, today boasts of a rapidly growing economy, thanks to the ambitious process of economic diversification adopted by the government that primarily focuses industry, trade & commerce, tourism and real estate. While Ras Al Khaimah’s business-friendly policies have ensured a brisk increase in foreign direct investments, it has also helped the emirate steadily increase its global appeal as a superior choice destination for business and leisure.

RAK FTZ Established in 2000, is a one of the fastest-growing and most cost-effective free trade zones in the UAE and home to some 6,000+ active companies.

RAK FTZ has reputation for affordability, flexibility and broad geographical reach, we are rapidly emerging as the preferred business hub in the region, from which investors, of all origins and industries, can easily access and branch into the emerging markets.

Key benefits to set up Business in RAKFTZ:

• 100% tax exemption
• 100% foreign ownership
• Transparent laws and regulations
• No restrictions on capital and profit repatriation
• Strategic location, with proximity to Dubai
• State-of-the art communication facilities
• Easy access to Ras Al Khaimah’s airport and sea ports

License:

Commercial Licence
General Trading Licence
Consultancy/Services Licence
Industrial Licence

RAKFTZ is offering a wide range of business packages, which can be tailored to meet your specific needs:

Flexi Facilities
Executive Office
Special Executive Office
Standard office
Standard office plus
Land of Development
Warehouses
Special Promotion

A business at RAK FTZ can be registered as one of the following four legal entities:

New establishments:
• Free Zone Establishment - a new business entity with a sole business owner.
• Free Zone Company - a new business entity owned by 2 - 5 partners.
Branches:
• Local Branch - a branch of a domestic firm residing in the UAE.
• Foreign Branch - a branch of a foreign firm residing outside the UAE.


For both Local and Foreign Branches, the Parent Company should have existed for more than a year (also applicable to Subsidiary Company).

 

Dubai Media City

In Freezones ,
Written by Saturday, 23 February 2013 19:42

Dubai Media City - ( abbreaviated DMC). Was established in 2001 under the TECOM Investments as part of the project. DMC is a regional hub for the organizations in media industry: including news agencies, publishing, online media, advertising, production and broadcast facilities for the development of the media in Dubai and allover the Middle East. More than 1,300 companies are registered in DMC, including the International Cricket Council. The Free Zone is located between Sheikh Zayed Road Highway and Al Sufouh road, next to Dubai Marina.
Dubai Media City is oriented to companies in the following activities: media business, including media and marketing services, printing and publishing, music, film, hypermedia, entertainment, broadcasting and information agencies. This Free Zone has established media centers to help young talents to "come out" as freelancers.

Services
Dubai Media City offers infrastructure within Free Zone of the highest world level. Simplified registration process, transparent and user-friendly framework significantly improve the speed of your business opening. The principle of one-stop shop designed to greatly save your time sometimes allowing to obtain licenses, visas, use of transport, postal and other services. Within 24 hours, you can always turn on visa issues and get expert support.

Licences:
• Advertising and Communications
• Media and Marketing
• Media companies support services
• Events organization
• Media consulting
• New Media (online media-related Internet technologies)
• Business Information
• Freelancing
• Association (non-profit)
• General Licence (including service and consulting services, leisure, hotels, real estate, etc.)

Types of companies:
• FZ-LLC (New Incorporation of a Free Zone Limited Liability Company)
• Branch of a foreign company
• Branch of a local company
• Freelance

Key benefits to set up a company in DMC:
• 100% foreign ownership
• Self-distribution of profits and capital
• Full exemption from taxes for 50 years
• No customs duties on goods and services

Registration procedure
The minimum share capital for companies such as FZ-LLC is 50,000 dirhams. For companies engaged in production activity minimum share capital of 300,000 dirhams. To register a branch of the authorized capital is required. Registration period is 2-3 weeks.

Dubai Multi Commodities Center

In Freezones ,
Written by Saturday, 23 February 2013 19:26

Dubai Multi Commodities Center - (abbreviated DMCC), founded in 2002 by royal decree, is the fastest growing Free Zones in UAE. Exchange market si the infrastructure that brings together a number of different activities related to the goods and raw materials, and is also designed to provide appropriate services to all market participants.
Up to date, there are over 5500 companies listed in this Free Zone, which is focused on trade with the following types of products: tea, cotton, diamonds, gold, pearls, finance, real estate. Moreover, the Free Zone also registered companies providing related services, such as restaurants, shops, beauty salons, etc.

Services
• Services for the promotion and development of entrepreneurship. Creation of the Dubai Diamond Exchange, the Dubai Pearl Exchange, Center for tea trade, Dubai Cotton Centre. You can use special storage for gold and diamonds (Kimberley process office works to track for you that the diamond are not from conflicts). A special program on finance and loans.
• Services to real estate. Dubai Multi Commodities Center site owned 200 acres of land on which there are many skyscrapers with offices and residential apartments that you can buy or rent.

Licences:
• Commodities license - a license that allows you to work in areas related to the various types of products (cotton, gold, pearls, oil, various kinds of raw materials, etc.)
• Non-commodities license - a license that allows you to work in areas not, related to the goods (service, retail, marketing, advertising, consulting, etc.).

Types of companies:
• FZE - a company in the Free Zone founded by an individual(s);
• FZC - company in the Free Zone, where the sharehoder is a corporate entity;
• FCB (Foreign Company Branch) - a foreign company branch.

Registration procedure
It is required to register a company share capital, which amount depends on the type of business and many other factors. Registration of the company and the license will take minimum six weeks.

Key benefits to set up a business in DMCC:
• 100% foreign ownership of the business;
• No tax on income and profits;
• Free repatriation of capital and profits - without any restrictions;
• Internationally accepted laws and regulatory processes;
• Fully transparent working environment, in line with best international practice;
• Modern and efficient means of transport, communications and Internet infrastructure.

Dubai Airport Free Zone

In Freezones ,
Written by Saturday, 23 February 2013 18:16

Dubai Airport Free Zone - Free Zone at Dubai International Airport (abbreviated DAFZ) established by the Government of Dubai in 1996. Registered in its territory more than 1,450 companies from different areas: aviation, pharmaceuticals, logistics, freight forwarding, jewelry, IT-technologies, mobile phone accessories etc.


Services
For customers DAFZ has ready to move office room area of ​​50 sqm open plan, rooms of 350 sqm for light industry (in addition they can be used for other purposes), lands area of ​​2,500 square meters are leasable for 15 years period, for the construction of their proper buildings. The customs IT department and customs clearance services are operating 24 hours, online services (application & renewal of resident visas, licenses, ID-cards, etc.), security guard. In addition, DAFZ companies can find modern equipped business center, restaurants, beauty salons, post office, banks, coffee shops, medical clinic, travel agency, parking.


Licences:
• Trade license (import, export, distribution, storage of specific products)
• The license for the provision of services
• Industrial License (light and manufacturing, assembly and packaging)

Types of companies:
• FZE (Free Zone Establishment) - a company with one shareholder (individual or corporate, require a minimum share capital of 1 million dirhams (about 272,500 dollars)
• FZCO (Free Zone Company) - the shareholders are from two to five people (individual or corporate, the minimum share capital of 500,000 dirhams (about 136,000 dollars)
• Branch of an existing foreign company, the minimum registered capital is required

Key benefits o set up business in DAFZ:
• 100% foreign ownership
• Full exemption from all taxes
• No currency restrictions
• No customs duties
• 100% of the management of capital and profits

Registration process
Business registration procedure takes no more than four weeks. After one year license can be extended for a period of one to three years on demand. Also in DAFZ, we can get multiple licenses. If a company wants to do business in the UAE, it can make it through authorized distributors, or through any other company having a license.

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Our address

Faic Dubai, Unit № 605-4, BB1 Tower, Level 6 - Mazaya Business Avenue, Diamond Business Center DMCC ("DBC"), Jumeirah Lakes Towers, Dubai, UAE

Mail: info@faicdubai.com