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Corpin Consultants Now An Official Business Setup Partner For SAIF Zone

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Corpin Consultants now an official business setup partner for Sharjah Airport International Free Zone (SAIF) We are immensely delighted to announce that Corpin Consultants has signed a Memorandum of Understanding with Sharjah Airport Free Zone (SAIFZone), one of the most reputed free zone in UAE. This promising collaboration will ensure fast and efficient business setup services for entrepreneurs. Key Features and Benefits of Starting A Business In SAIF Zone: Strategic Location: SAIF Zone’s strategic location near the Sharjah International Airport and its proximity to Dubai and other major cities in the UAE make it an attractive destination for businesses looking to access global markets easily. Tax Advantages: One of the main draws of SAIF Zone is the tax benefits it offers to businesses. Companies operating within the zone are exempt from personal income tax, corporate tax, and import/export duties. 100% Foreign Ownership: Another significant advantage is that foreign investors can fully own their businesses within SAIF Zone, without the need for a local sponsor or partner. Simplified Business Setup: SAIF Zone provides a streamlined and efficient process for business setup and registration, making it relatively easy for companies to establish a presence in the zone. World-Class Infrastructure: The zone boasts modern infrastructure and state-of-the-art facilities, including warehouses, office spaces, and showrooms. This environment is conducive to fostering business growth and expansion. Diverse Business Sectors: SAIF Zone accommodates a wide range of industries, including manufacturing, trading, logistics, information technology, media, and many others. This diversity contributes to a vibrant business community. Business Support Services: The zone offers various support services to assist businesses, such as administrative support, licensing assistance, and access to banking facilities. Access to Skilled Workforce: The presence of a skilled and diverse labor force in Sharjah and nearby areas makes it easier for businesses in SAIF Zone to recruit talent for their operations. Networking and Collaboration Opportunities: Being a part of the SAIF Zone community allows companies to network and collaborate with other businesses, potentially leading to synergistic partnerships and business growth.

business setup in dubai, business setup in uae, corpin consultants
Business

Business Setup in Dubai

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Dubai has always remained to be a promising business destination for budding entrepreneurs. With a long-term vision, the UAE government creates a win-win situation by offering the right political and economic conditions for businesses to thrive. Therefore, if you are planning for a business setup in Dubai or company formation in Dubai, look no further it is the right place to turn your dreams into reality. Listed below are the top 6 advantages of the place: Geographically Strategic Location The strategic location of Dubai is a major plus point for investors. Ideally located between the east and the west, the city connects the best of both worlds covering major continents Asia, Europe, and Africa. An interesting fact is one-third of the world’s population lives within a 4-hour flight of the UAE and two thirds within eight hours. Therefore for any business activity related to logistics, international trading, hospitality, or tourism, Dubai is the best place. The venue for ‘2020 World Expo Trade Convention’ Dubai has been chosen as the venue for the much-awaited ‘2020 World Expo Trade Convention’. It is the first middle eastern city to host this expo generating tremendous investment and employment opportunities in the country. World-Class Infrastructure When it comes to infrastructure, Dubai never stops progressing. The city takes pride in it’s highly developed roads and public transport system. Dubai is also known for its state-of-the-art commercial, residential, and recreational facilities. In a Travel and Competitiveness Report, the World Economic Forum has listed Dubai among the world’s top well-maintained cities. No Taxation Policy Dubai is a tax-free economy, therefore if you are planning to set up a business in Dubai, you do not have to pay any tax to the government. The country exempts investors from numerous taxes such as personal income tax, corporate tax, withholding tax, and capital gains. Excellent Banking System The banking system in Dubai is known for its economic stability, strong security and prompt customer service. With a secure government and extensive financial resources, an investor can easily open a bank account in UAE when compared to other countries. Existence of mainland, free zone, and offshore jurisdictions  There are three main jurisdictions in Dubai with its unique set of advantages for investors- mainland, free zone, and offshore. For setting up a mainland company, a foreign investor should mandatorily have an Emirati partner. These companies can enjoy an array of advantages such as the freedom to do business anywhere in the UAE, zero tax (corporate and personal), hassle-free recruitment process with no limit on an employment visa, and low import duty.  For a free zone business setup in Dubai, UAE entrepreneurs do not require a partnership with an Emirati sponsor yet enjoy 100% ownership irrespective of their nationality and domicile. These zones have numerous benefits such as exemption from a capital deposit, import and export duties, no office requirement etc. Offshore companies do not require a physical presence in the UAE and have a significantly lower cost structure. If you wish to gain more information on these jurisdictions or are planning for a business setup in UAE, Corpin Consultants can help you out. Our experts can provide you with valuable guidance and support in every aspect of company formation in Dubai. Contact us at +971 55 843 2911 or drop an email at info@corpinconsultants.com, we are happy to help you!

pharmaceutical company setupin dubai, business setup dubai, corpin business setup consultants
Business Setup

Pharmaceutical Company Setup in Dubai UAE

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Pharmacy or pharma is the knowledge and procedure of manufacturing and administering drugs. It is a health profession where health sciences meet chemical sciences to provide valuable usage of the drugs prescribed. Pharmacy includes services like combining and dispensing medications, clinical services, reviewing the safety and efficiency of the medicines, and providing vital information regarding the same. Setting up a pharmaceutical company in Dubai involves navigating a complex regulatory landscape and meeting stringent requirements to ensure compliance with local laws and international standards. The pharmaceutical sector is rapidly increasing in the UAE. Seeking professional guidance and local expertise can greatly ease the process of pharmaceutical company setup in Dubai and ensure adherence to all necessary regulations, allowing companies to focus on growth and expansion in the flourishing regional market. How To Setup A Pharmaceutical Company in Dubai / UAE Dubai Mainland is the preferable location to setup a pharmacy since it provides better opportunities as compared to a Free Zone setup. The Department of Economic Development (DED) is the regulatory body responsible for all kinds of businesses in mainland Dubai. The Steps Included In Pharmaceutical Company Setup:-  To identify a local sponsor with a good profile  Collect the passport copies of your partners and the sponsors  Decide on a suitable name for your company/store  Submit an application for the enterprise’s name approval and for initial approval from the DED  After the approval is received, submit the application to Dubai Health Authority (DHA) Initial approval from the Dubai Health Authority (DHA)  Create an account on their portal to start the initial process of approval Upload the proposal letter Appoint the medical director and pharmacist  Identify the premises for the pharmacy  Upload the engineering layout as per the DHA guidelines  After obtaining the approval from DHA, get the tenancy contract along with Ejari for the premises  With the initial approval from DED and DHA, draft the Memorandum of Association and side agreement with the local sponsor Notarize the Memorandum of Association from the court Submit all the documents to DED and obtain a pharmacy license After issuing the license from the DED, submit the documents for final approval from the DHA Final approval from Dubai Health Authority (DHA) Interior fit-out construction as per the layout approved by DHA in the initial approval  Professional approval for the medical director Final fit-out inspection report and inspection from DHA After the completion of the above steps, DHA will issue a license for the business. The expected time frame for the project would be 5-6 weeks. Documents required: For the Department of Economic Development (DED): Passport copies of the owners, manager, pharmacist, and medical director Unique Identification Number (UID) of the owners and manager Attested qualification and experience certificate of the Manager, pharmacist, and medical director Application form for the name and initial trade approval Initial approval from DHA NOC from the sponsor to verify whether the manager is holding a valid visa or not Tenancy contract (for final submission to the DED)  Passport copy, Emirates ID, and Gincia of Local sponsor (UAE National) For Dubai Health Authority Initial approval  DED trade name reservation  Dubai Municipality affection plan of the plot/building Passport copies and UID numbers of partners Engineering layout as per DHA guidelines Proposal and Undertaking letter Passport copies and attested qualification certificates of the medical director and pharmacist (Two pharmacists are mandatory and one among them can be the medical director of the company)  Offer letters of the medical director and pharmacist Final approval The documents are the same as mentioned above in the clause for Final Approval from DHA Note: Document lists provided here are not final/complete, any additional document/information required further by the Govt. Authorities need to be provided. The medical director’s name will appear on the DHA license. Written By Ebi Kadavan

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