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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.

free zone business setup, Mainland business setup, Corpin business setup consultant
Business Setup

Free Zone Business Setup or Mainland Business Setup- Which One You Should Opt?

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Free Zone Business Setup or Mainland Business Setup – Which one you should opt? Are you an aspiring entrepreneur planning to set up your dream business in the UAE? While performing research, you may often come across these two terms, mainland business setup and free zone business setup. These are two different business jurisdictions with their advantages and disadvantages. You need to choose one depending on the nature of your business. This article will help you understand the major differences between a mainland company and a free zone company in the UAE. Ownership Structure : Foreign investors who wish to set up a business in the UAE mainland should mandatorily have a local partner or a national service agent. Out of 100% shares, 51% of shares must be held by the local partner and only 49% of shares will be allotted to the expat partner. However, for service businesses such as consultancy, an expat partner will receive 100 % ownership. A local sponsor will act like an agent but does not own any shares of the company. For a free zone business setup in the UAE, there is no such restriction. A foreign investor can get 100% ownership regardless of the type of activity, commercial or professional. Scope of doing business in Dubai : A mainland company is allowed to perform business activities throughout the UAE market as well as outside the UAE. A free zone registered company can do business only within the respective free zone and outside the UAE. Office Space : All mainland companies must have at least 200 sq. ft of physical office space. (can be even leased out on an annual basis). A free zone company does not require a physical workspace. It may or may not have offices depending on the nature of work. Nowadays, there are even flexi desk and virtual office facility for free zone companies. Visa Facility : Mainland companies do not have any limitations for the issuance of visas for their employees. Ministry of Labor issues an E-quota to each mainland company that shows their eligibility for visa acquisition. It can be enhanced further if more employees need to be recruited. The eligibility of visa majorly depends upon the office space and the nature of the business activity. The more space you have, the more visas you can apply for. However, outdoor sales staff, PRO’s and drivers are not eligible for this facility. For free zone companies, only two to three visas are offered under the smart office package. In case if you require more visas, you need to lease out a bigger office space. Government Approvals : A mainland company needs approvals from standard government authorities such as DED (Department of Economic Development), DM (Dubai Municipality), Ministry of Labor (MOL), Department of Naturalization and Residency affairs of Ministry of interiors or Immigration (MOI). Also for medical or food license requirements, approval is required from Dubai Health Authority and Food Department of Municipality respectively. Free zone companies generally do not require any government approvals unless there is a specific activity that requires approval. When you seek advice from a trusted business setup consultant, your company formation becomes less tedious and fast. Corpin Consultants is one of the most sought-after company formation consultants in Dubai with a team of experienced professionals who will guide you in every step of the process. If you wish to set up your business in the mainland or free zones in the UAE, feel free to contact us at +971 55 843 2911 or info@corpinconsultants.com.

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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