Frequently Asked Question
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Frequently Asked Question
Why gamble with UAE business setup? 1000s of activities, Over 55 economic zones , multiple jurisdictions, it’s like picking a needle in a desert. Don’t let paperwork pile up like a bureaucratic mountain – delegate the headache to us. Sure, you can DIY, but do you really want to be a professional form-filler instead of a business mogul? Save time, avoid travel marathons, and let’s face it, your time is worth more than wrestling with paperwork. Choose us – because starting a business in Dubai shouldn’t feel like a stand-up comedy of errors
A company in Dubai, including IFZA and Meydan Free Zones, can have a maximum of 100 shareholders
A company in Dubai, including IFZA and Meydan Free Zones, can have a maximum of 100 corporate shareholders.
To form a Freezone company in Dubai, corporate shareholders need to provide:
- License Application Form: This form collects comprehensive information about your business and its shareholders.
- Ultimate Beneficial Owner (UBO) Supporting Documents: These documents establish the identity and ownership structure of the company, including passport copies, proof of address, and relevant identification documents of the ultimate beneficial owner(s).
- Passport Photo: A recent passport-sized photograph of the applicant(s) or the designated company representative is required.
- Passport Copy: Clear copies of the passport(s) of the applicant(s) or the designated company representative(s) are necessary.
- Emirates ID & Residency Visa Copies: If any shareholder or representative is already residing in the UAE, copies of their Emirates ID card and residency visa may be required.
- Additional Requirements: Depending on the nature of your business activities, additional documents or requirements may apply. It’s advisable to consult with relevant authorities or legal experts to ensure compliance.
Yes, you can acquire a 0-visa license at any UAE Free Zone, including IFZA and Meydan. This includes a Lease Agreement and an LLC-FZ Trade License that encompasses three Groups of business activities.
We suggest a capital of 100,000 AED. However, we cannot specify the share capital for the client.
You can choose three Groups of business activities during the incorporation process in Free Zones like IFZA and Meydan.
You are eligible for an Investor/Partner visa if you have invested AED 50,000 share capital or more in a company. Apply for an Investor visa if you are the sole shareholder, or a Partner visa if you are not.
The maximum validity for the UAE Free Zone license, including IFZA and Meydan, is up to 10 years.
A company can have only one manager on the license but can appoint various other field managers, e.g., Sales manager, Marketing manager, etc.
After the successful incorporation of your company, you will receive the following essential documents:
- Certificate of Formation: This document officially establishes the existence of your company in the chosen jurisdiction.
- Share REGISTER: It contains details about the distribution of shares among the shareholders, helping to maintain transparency and ownership records.
- Business License: The business license grants permission to legally operate your business within the designated jurisdiction.
- Lease Agreement: This agreement outlines the terms and conditions of your lease for office space or business premises.
- Memorandum Of Association: The Memorandum of Association outlines the company’s constitution, objectives, and rules governing its operation.
Yes, you can apply for a visa after the incorporation of your company, provided you have the immigration card and visa allocation.
The UBO is the natural person who ultimately owns or controls the Legal Person, as defined in Article (5) of Cabinet Decision No. (58) of 2020.
Yes, all Licensees are required to create and maintain a record of the UBO, Partners, or Shareholders as per Cabinet Resolution No. (53) of 2021.
goAML is a system developed by the United Nations Office on Drugs and Crime (UNODC) to combat money laundering and the financing of terrorism.
All Designated Non-Financial Businesses and Professions (DNFBPs) must register on the goAML portal.
Before registering on the goAML portal, it’s essential to gather the following documents and meet specific requirements:
- Authorization Letter: A formal letter from the institution you represent authorizing your registration on the goAML portal.
- Personal Identification Documents: Copies of your passport, resident VISA, and Emirates ID to verify your identity.
- Commercial Trade License: A copy of the commercial trade license issued by the relevant authority for companies.
- Google Authenticator Application: Download and set up the Google Authenticator application on your mobile device. This application generates one-time passwords (OTP) required for the Secure Access Code Management (SACM) protection system.
It usually takes 3-5 days to complete all necessary paperwork and get your business up and running, subject to CID passport check approval.
IFZA and Meydan Dubai offer Professional, Commercial, and Branch licenses.
- IFZA and Meydan Dubai offer various office space options:
- Flexi Desk
- Flexi Desk+
- Dedicated Workspaces
- Personalized Offices.
- Private Offices
The types of business licenses in the UAE include Professional License, Commercial License, or Branch.
A General Trading License in IFZA and Meydan Dubai allows you to import, trade, and re-export a range of legally permitted goods under one business license.
Yes, Free Zones such as IFZA and Meydan Dubai allow you to start a business while being employed in Dubai without the need for No Objection Certificates (NOC) from your current employer.
No, Free Zones such as IFZA and Meydan Dubai allow for a completely remote company formation process.
Free Zones offer advantages like relaxed commercial laws, 100% foreign ownership, tax exemptions, repatriation of capital, and more.
No, it’s not mandatory, but it offers several benefits including enhanced credibility and smoother financial transactions.
To open a corporate bank account in Dubai, submit necessary legal & corporate documents along with a duly filled application form to the bank officials for authentication. The final step includes an applicant’s interview.