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investment in dubai, UAE
Blogs

Unlocking the Potential: Opportunities Investment in Dubai

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Unlocking the Potential: Opportunities Investment in Dubai Dubai, with its captivating skyline and thriving economy, has established itself as a global hub for business and investment. The city’s strategic location, investor-friendly policies, and diverse opportunities make it an attractive destination for individuals seeking to grow their wealth. In this article, we will explore the potential investment in Dubai and highlight key sectors that present lucrative opportunities for investors. Trade and Logistics: Leverage Dubai’s global transportation and logistics hub status to invest in import/export, shipping, freight forwarding, warehousing, and distribution businesses. Explore the advantages of free zones like Jebel Ali Free Zone (JAFZA) and Dubai Multi Commodities Centre (DMCC). Tourism and Hospitality: Capitalize on Dubai’s booming tourism industry by investing in hospitality, hotels, resorts, restaurants, travel agencies, tour operators, event management, and entertainment ventures. The city’s millions of annual visitors create a strong demand for innovative experiences and services. Real Estate and Construction: Dubai’s rapid urban development offers compelling opportunities in the real estate and construction sectors. Invest in residential and commercial properties, property development, construction, architecture, engineering, and property management. Financial Services: Take advantage of Dubai’s status as a major financial center in the region by investing in banking, finance, insurance, investment, and wealth management. Benefit from the supportive ecosystem comprising local and international banks. Technology and Innovation: Ride the wave of Dubai’s digital and innovation-driven economy. Invest in information technology (IT), software development, e-commerce, digital marketing, artificial intelligence (AI), blockchain, fintech, smart cities, and technology consulting. Healthcare and Medical Tourism: Tap into Dubai’s thriving healthcare sector and its reputation as a leading destination for medical tourism. Consider investment opportunities in healthcare services, specialized clinics, medical equipment and supplies, wellness centers, and medical tourism facilitation. Education and Training: Invest in Dubai’s education sector, which emphasizes knowledge-based industries. Explore opportunities in international schools, vocational training centers, higher education institutions, e-learning platforms, and educational consulting services. Renewable Energy and Sustainability: Support Dubai’s renewable energy and sustainability initiatives by investing in solar energy projects, energy efficiency solutions, waste management, water treatment, green building technologies, and sustainability consulting. Retail and E-commerce: Benefit from Dubai’s vibrant retail sector by investing in traditional retail, e-commerce, fashion, luxury goods, consumer electronics, food and beverages, and online marketplaces. Capitalize on the city’s numerous shopping malls, retail outlets, and e-commerce platforms. Creative and Media Industries: Invest in Dubai’s thriving creative industry encompassing advertising, marketing, media production, film and television, design, art galleries, and creative agencies. Cater to a growing market of creative professionals and businesses. Dubai, with its vibrant economy and investor-friendly environment, offers a wide range of investment opportunities across various sectors. The real estate sector, tourism and hospitality industry, technology-driven ventures etc all present avenues for investors to unlock their potential for success. As you embark on your journey of investment in Dubai, remember to conduct thorough research, seek professional advice, and stay updated with market trends. By capitalizing on Dubai’s potential, you can pave the way for a prosperous investment future.

Hamriyah Free Zone company setup guide
Blogs

Unleashing Business Potential in Hamriyah Free Zone

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Unleashing Business Potential in Hamriyah Free Zone Hamriyah Free Zone is a vibrant business destination located in the emirate of Sharjah, UAE. This free zone offers ample opportunities for entrepreneurs and businesses seeking to establish themselves in the region. Established in 1995 and spanning over 26 million square meters, Hamriyah Free Zone provides easy access to global markets. It has world-class facilities, comprehensive support services, and industry clusters. Its location near the Arabian Gulf, coupled with excellent connectivity via land, sea, and air routes, makes it an ideal choice for international trade. Reasons Why Businesses Choose Hamriyah Free Zone? When it comes to setting up your business in the Hamriyah Free Zone, you’re spoiled for choice, literally! The free zone offers both free zone and non-free zone entities, each tailored to meet your specific needs. If you opt for a free zone entity, you’ll enjoy 100% ownership and a range of incentives such as tax exemptions, repatriation of capital and profits, and no currency restrictions! Below listed are some more reasons: Strategic Location Hamriyah is nestled between the Arabian Gulf and the Indian Ocean, which gives businesses easy access to global markets, especially the Middle East, Africa, and South Asia. This opens doors to endless possibilities! Top-Notch Infrastructure and Facilities Hamriyah Free Zone has exemplary infrastructure, including modern office spaces, warehouses, and land for industrial activities. Moreover, it provides businesses access to world-class logistics and transportation facilities, making your business operations a breeze. Support Services to Count On It can be daunting for an expat to launch a business in a foreign land. But there’s nothing to worry about when you are in Hamriyah Free Zone. Right from licensing assistance and visa services to banking facilities and access to skilled labour, the place offers comprehensive business support services. The Power of Industry Clusters The free zone is home to various industry clusters, including oil and gas, manufacturing, maritime, and logistics. This clustering effect fosters collaboration and synergy among businesses operating in similar sectors. Business-Friendly Regulations You can expect streamlined procedures, a transparent legal framework, and ease of doing business in this free zone. Business Opportunities in Hamriyah Free Zone Manufacturing: Includes petrochemicals, plastics, metals, and automotive. Maritime and Logistics Hub: Businesses involved in shipbuilding, repair, storage, and all things related to maritime and logistics. Trading companies: Import, export, and re-export of goods across the globe. Networking Opportunities You will find networking events, trade exhibitions, and industry-specific forums regularly being conducted in the Hamriyah Free Zone. This helps businesses to enhance their network by connecting with potential partners, suppliers, and customers. Set yourself up for success By capitalizing on the advantages offered by Hamriyah Free Zone, entrepreneurs and investors can unlock a world of opportunities in this region. We at Corpin Consultants have an in-depth understanding of the various industry sectors and laws of the Hamriyah Free Zone. From handling documentation requirements and visa processes to assisting with bank account setup, we streamline the entire process for you. With our expertise and industry knowledge, we ensure your compliance with regulations so can focus on your core business activities and make your mark.

Dubai Silicon Oasis company setup
Blogs

Advantages of Setting up Your Business in Dubai Silicon Oasis

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Advantages of Setting up Your Business in Dubai Silicon Oasis (DSO) Dubai Silicon Oasis (DSO) is not just an average business hub – it’s a thriving, energetic community that pulses with the spirit of technology and innovation! It’s a realm where a vibrant ecosystem thrives, bringing together visionaries and businesses to shape the future of technology. With a cutting-edge playground of infrastructure and an atmosphere teeming with support, DSO sets the stage for dreams to transform into reality. If you want to join the ranks of trailblazers, look no further than DSO. In this blog, we will explore the endless opportunities and benefits of company setup in Dubai Silicon Oasis, which is a buzzing tech haven. What is Dubai Silicon Oasis (DSO)? Dubai Silicon Oasis (DSO), established in 2004 is a government-owned free zone in Dubai which over the years has become a coveted destination for entrepreneurs and professionals seeking career growth, residential comfort and a vibrant environment to call home. DSO encompasses a diverse range of major business activities, making it a hub for various industries and sectors. Some of the prominent business activities in Dubai Silicon Oasis include: Technology: DSO serves as a flourishing place for technology companies, software development, hardware manufacturing, IT consulting, and design firms. It attracts businesses engaged in cutting-edge technologies and innovative solutions. SCM, Transportation & Logistics: Entrepreneurs looking to set up business in logistics, freight forwarding, transportation services, and supply chain management (SCM) will find DSO to be an advantageous location due to its strategic positioning and excellent connectivity. Manufacturing: DSO houses various manufacturing facilities for industries such as electronics, machinery, construction materials, and precision engineering. It serves as an ideal environment for businesses involved in production and assembly. Food & Beverages: DSO has a variety of restaurants, cafes, food processing companies, and catering services to fulfil the diverse culinary preferences of residents, employees, and visitors. Professional Services: This vibrant place offers a platform for professional service providers such as legal firms, accounting and auditing companies, business consulting agencies, and human resource specialists to serve the requirements of businesses. Hospitality: DSO also has a flourishing hospitality sector with hotels, serviced apartments, and resorts catering to both business and leisure travellers. The sector provides world-class accommodations and amenities to enhance the overall experience of residents and visitors. Healthcare: The presence of clinics, healthcare centres, and specialized healthcare service providers, offer a range of medical and wellness services to the community. Marketing: The marketing needs of the businesses in the DSO are fulfilled by agencies, advertising firms, and digital marketing specialist companies. Academics and Learning: There are several educational institutions, training centres, and research facilities, contributing to the development of knowledge and skills in various fields. Trading companies: DSO facilitates trading activities with businesses involved in import/export, wholesale trade, and retail operations, creating opportunities for both local and international trade. Steps to establish a firm in Dubai Silicon Oasis Register on DSOA’s (Dubai Silicon Oasis Authority) portal to initiate the application process. This will grant you access to the necessary forms and information. Download the application form from the portal and fill in all the required details accurately and submit it through the designated channel. Next, prepare and submit the pre-approval documents for review. These documents will undergo a thorough examination by the relevant authority. Once the review is complete and the requirements are met, you will receive the initial approval. Now it’s time to gather the legal documents and fulfil the required fee payment. Ensure all the necessary legal documentation is prepared and in order. Pay the prescribed fee to proceed with the application process smoothly. Receive a digital copy of the agreement via your registered email address. Review the terms and conditions outlined in the agreement. Sign the electronic copy and return it to the authority. Additionally, if you’re establishing a Free Zone Establishment (FZE) or Free Zone Company (FZCO), include the share capital letter as well. The share capital letter is only applicable to FZE and FZCO entities, and there is no minimum paid-up share capital requirement, providing flexibility to your business. Benefits of Business Setup in Dubai Silicon Oasis Complete control with 100% foreign ownership of your business. Repatriate your capital and profits fully, without any restrictions. No income tax, as it’s completely waived. Benefit from hassle-free import and export, with no taxes imposed. Experience the power of state-of-the-art IT infrastructure to support your business operations. Set up your business easily, quickly, and at a low cost, thanks to a streamlined process. Choose from a variety of office spaces and warehousing facilities that meet your specific needs. Explore a wide range of IT and technology business activities available to pursue. Access a pool of highly talented technical and engineering professionals whenever you need them. Freedom to hire foreign employees without any restrictions. Simple customs clearance process, making trade efficient and smooth. Experience speedy processing of employee visas, ensuring a prompt and hassle-free workforce setup The beauty of Dubai Silicon Oasis (DSO) lies in its incredible location as well. It is situated right in the heart of Dubai, enabling you to tap into key business hubs and markets across the Middle East, Africa, and Asia. You will be closely located from major transportation routes, airports, and seaports. Documentation required A duly filled application Form Letter of Intent Passport Copy Bank statement/reference letter Company business plan Seamlessly Establish Your Business in Dubai Silicon Oasis with Corpin Consultants If you’re looking for a business destination that offers unparalleled growth and opportunities, Dubai Silicon Oasis is the place to be. With our in-depth knowledge of the DSO ecosystem and extensive experience in business consultancy, we provide tailored solutions to guide you through every step of the setup process. To know how we at Corpin Consultants can help you set up a business in DSO, call on +971 55 843 2911 or email: info@corpinconsultants.com today!

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!

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

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

Company Incorporation in DMCC
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Steps for Company Incorporation in DMCC

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

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