DWC(Dubai South) Free Zone Company Setup Proposal

Transcription

1 December 2017 DWC(Dubai South) Free Zone Company Setup Proposal 1.0 Why CREATIVE ZONE? Looked after by our team of experts at CREATIVE ZONE you will be looked after by our team of 105 multilingual experts, who have been part of the UAE setup industry for over a decade, and have successfully setup over 12,000 companies since our inception in Dedicated Account Manager and efficient PRO Services - with our dedication to personalized and efficient customer service, we will assign you a dedicated account manager as soon as you become a CREATIVE ZONE client, who will be your single point of contact, will regularly update you on the status of all your applications, and always be on hand to answer your queries. Together with our efficient team of PROs constantly striving to complete your applications in a timely fashion, we remove the stress and hassle usually associated with setting up a new company and obtaining your UAE residency visa. Business Support Services of the highest caliber - at CREATIVE ZONE, we have thought of everything to help you launch and grow your new business and make it a success from the very beginning. We provide you with business cards sporting your new contact details, a domain name accompanied with a splash page and accounts. Furthermore we hold regular networking events providing you with access to fellow CREATIVE ZONE clients and our network partners, where you will be able to explore mutual business opportunities and forge new alliances that will give your new business a valuable head start. Convenient and flexible Bank Account opening - as a result of our excellent banking relationships, your new company bank account will be opened within 3 weeks of you receiving all your original company documents. Furthermore you will even be able to open up your new bank account and receive a cheque book prior to your residency visa being issued. 2.0 Why DWC Free Zone? Dubai World Central (DWC) is a massive, multi-phased development centered around the world s largest international airport. At 140 km2, it is almost twice the size of Hong Kong Island. The self-sustaining development at Jebel Ali, some 40 kilometers south of Dubai city center, includes Al Maktoum International Airport and a cluster of specialized zones. DWC is a new city where eventually some 945,000 people will live and work; that s more than the present population of Frankfurt and almost that of Stockholm. A Multimodal Platform The integrated master plan of Dubai World Central comprises eight districts: The Al Maktoum International Airport, Logistics District, Aviation District, Residential District, Commercial District, Humanitarian District, Exhibition District and Golf District. Dubai World Central represents the convergence of Dubai s logistical prowess spanning sea, land and air. DWC is directly linked to Jebel Ali Port via a dedicated logistics corridor. This forms a single customsbonded free zone spanning approximately 200 square kilometers. Strategic Location The development is strategically situated to the south of Jebel Ali and connected to the Jebel Ali Port via the Logistics Corridor. DWC provides direct access to two of the primary trans-emirate road networks Sheikh Mohammed Bin Zayed Road (previously known as Emirates Road) and the Dubai By-Pass. It is also conveniently linked to the Sheikh Zayed Road, a freeway popular with several UAE motorists. World Class Business Hub Dubai is perfectly situated to access the world s developing economies, which makes it the ideal location to set up and grow the business in this region. 100% business ownership An expat can fully own the business without a requirement of a local partner. Flexible Office Solutions Options for immediately available flexi desks (plug and play), serviced offices, as well as freehold & leasehold offices for retail and commercial use. A full range of business activity options DWC mirrors majority of Dubai Department of Economic Development activities from commodities to retail outlets, consultancies to beauty salons. Fewer Nationality Restrictions Lesser restrictions apply compared to other free zones in terms of ownership, visas & dependents sponsorship.. 1

2 3.0 Available Business Activities A wide range of trading, services, and industrial activities is available ranging from but not limited to: Aviation Logistics Manufacturing Trading and repairing Transport, storage and communications Education Health and social work Other community, social and personal service 4.0 Company Setup options 4.1 New Entity A new business entity with 1 individual shareholder A new business entity, with 2 or more shareholders (can be individuals and/or companies As a Dubai World Central limited liability company suffix will be DWC-LLC. 4.2Branch or Subsidiary Local Branch: A branch of an existing firm in the UAE Foreign Branch: A branch of an existing firm outside the UAE 5.0 Support Services Premier and Basic Packages ITEM PREMIER BASIC Dedicated Telephone number * Meeting Room access (5 hrs per month) * Internet Cafe Usage (5 days per month) * Prestigious Address for your business cards and marketing material * Mail and Courier Management ** 250 free business cards *** Free domain name registration with splash page and account setup **** Dedicated account management team to manage your documents and update you on the status of your application Free Company Stamp Access to exclusive list of banking contacts for setting up your company bank account Lease Agreement and physical desk/office space at the Free Zone facility in DWC Regular networking and business development sessions with fellow CREATIVE ZONE clients and our network partners Free document processing *Services/facilities provided by the Business Center. You may choose from either the Downtown Dubai, Business Bay or Dubai Marina Locations. **Mail Management is only provided on subscription to a Company P.O. Box with Empost through the Business Center.New applications will cost AED 950 and renewal will cost AED 850. ***Choose from one of six templates. Business cards are not custom-designed. ****The splash page is a single landing page and is not a full website, the client will choose 1 design from a choice of 3 templates, CREATIVE ZONE will not custom design a splash page for the client. NOTE: CREATIVE ZONE S support services are independent services provided by CREATIVE ZONE to their clients. These services are not provided by or affiliated with any particular Free Zone or type of company license; however they are mandatory requirement for all CREATIVE ZONE clients and will be renewed annually.. 2

3 6.0 Pricing 6.1 License and Support Service Costs Please note that the below costs pertain solely to your company licensing and support service costs only, they do not include any other products or services i.e. visas etc Commercial Trading/Service License Year 1 Year 2 Basic Premier Basic Premier Trade License Fee AED AED AED AED General Trading Year 1 Year 2 Basic Premier Basic Premier Trade License Fee AED AED AED AED Office Options at DWC (Mandatory) Options Smart Desk (Usage Allowed 5 hours per week) 2 visa allocations Cost AED Permanent Smart Desk 2 visa allocations AED Smart Office (Usage Allowed 5 hours per week) 3 visa allocations AED Permanent Smart Office 3 visa allocations AED Permanent Exclusive Office 4 visa allocations AED Physical Office for Lease* Starting from AED per sq.m Options available to purchase or lease the office space 3

4 Immigration and Visa Immigration Company Immigration card 1,000 AED(renewable every year). Timeline 15 working days. Visa (Visas are valid for 3 years) Timeline: 7 working days for entry visa and 7working days for residence visa stamping Residency Visa (Inside Country) - 4,100 AED Residency Visa (Outside Country) - 2,500 AED CZ Service Feefor visa processing- 1,500 AED Emirates ID Card AED(payable directly to the ID Card Center) Medical AED(payable directly to the Medical Center) If you wish to avail our Assistance for the Medical test and Emirates ID card application, we can provide this for a fee of AED 2,500. This includes the following: Pick up and drop off from your home address, hotel, or any point in Dubai using one of our regular 4 door sedan cars. Assistance by one of our efficient Public Relations Officers to make the process as seamless as possible. Inclusive of the government costs for both the medical test and Emirates ID application. You will be assisted in doing both your medical test and Emirates ID application in Al Karama medical center all on the same day. Collection of the Medical report on your behalf (results are collected after 2 working days). Collection of the Emirates ID card on your behalf (released after 15 working days from residence visa stamping). You can also upgrade for ONLY AED 195! Ride in Style & Luxury in our Lexus VIP service! Our Senior PRO will assist you during your Medical test and Emirates ID card application for a more premium experience. (Total of AED 2,695) 4

5 7.0 Documents and timelines 7.1 Documents Stage 1 - Requirements for Pre - Approval 1) License Application form 2) For service related activities business plan is required 3) Passport Copy of all proposed company Shareholders/Manager must be certified as true copies by lawyers from an international Law firm with a branch in UAE, Accountants from the BIG 4: KPMG, PWC, EY, Deloitte)or an Embassy /Consulate Officials or Original to be presented to the free zone personally by the client. 4) Emirates ID copy (if applicable) 5) Visa copies of all proposed company Shareholders / Manager (if applicable) 6) DWCBC Terms & Conditions 7) Specimen Signature Form 8) Authorization Card 9) POA notarized & attested if signing authority is given to any third party/agent 10) POA notarized & attested in favour of Creative Zone PRO to submit the documents to the free zone on behalf of the client 11) Memorandum of Agreement & Articles of Association 12) A birth certificate attested from UAE embassy in the country of birth and ministry of foreign affairs in UAE will be required by the free zone in case the applicant's country of birth and residence is not the same. Furthermore, we are required to submit it if the applicant's birth place is an Arab country 13) The free zone authorities may from time to time and at their own discretion, request for a No Objection Certificate from the sponsor if the shareholder is currently holding a UAE residence visa 14) Syrian and Lebanese Nationals will have to provide the following additional documents for the license incorporation: a) Last 3 months original bank statements stamped by the bank from the individual's personal bank account within or outside the United Arab Emirates b) A copy of company documents showing their ownership within or outside the United Arab Emirates or an Undertaking Letter stating that they do not have any companies within or outside the United Arab Emirates. c) A business description Please note the below will be required in original and attested at the UAE Embassy from the country of origin and the Ministry of Foreign Affairs in the UAE for a Branch Office or when an overseas company is a shareholder - Furthermore if the company is older than 1 year, you will also need to submit a current attested certificate of incumbency and current attested certificate of good standing at the time of opening the company bank account 1) Company Documentation of parent company (Share Certificate, Memorandum etc.) 2) Passport copies of owners and manager 3) Board Resolution indicating it has been resolved to open a branch at Dubai World Central Free Zone, Dubai, UAE original required signed and stamped (contact us for a draft of the same) 4) When company to be a shareholder Board Resolution should state the following as an example XYZ Company to take a 50% stake in new company ABC FZ LLC to be formed in Dubai World Central Free Zone, Dubai, UAE original required signed and stamped (contact us for a draft of the same) 5) The Board Resolution should also include who will be appointed to sign the incorporation documents of the new entity in Dubai World Central Free Zone. 5

6 7.2 Timelines Please Note: 15 working days for Pre Approval 10 working days for Licensing The above timelines correlate to working days not calendar days. The above timelines are collated based on the average processing times over the previous 3 months and hence are not exact and in reality may be shorter or longer. Applications are submitted for processing and indicated timelines commence upon realization of payment. The cut-off time for documents to be submitted/received, and payments to be received/realized is 1pm, anything received after this time will be considered towards the following working day. During periods in and around Ramadan, days of mourning, Eid and other National and Religious Holidays the indicated timelines are likely to become subject to delays. Should you be outside the country when the visa is issued, and are not from one of the 48 countries that are granted a visa on arrival, and are entering the UAE on your new entry visa, which will constitute your change of status, please be sure to contact your airline prior to travelling, as many airlines will need to see a copy of your entry visa prior to travel in order to verify the sameand then upload a copy of the visa onto their system, and provide you with an OK to Board. The same would apply if you are inside the country when the visa is issued, and plan to exit the country with your visa in hand, and then re-enter the UAE by air. Furthermore when you are entering the country on your new entry visa, please ensure you carry out your eye scan at the airport on arrival, and ensure the immigration official stamps the entry visa as well as your passport. Do NOT enter on your e-gate card. Once you complete your change of status you will NOT be able to travel outside of the UAE until your passport has been stamped with your residency visa. The Visa process for certain nationalities may be longer than the timelines indicated above. Should you have a visa application under process and wish to travel in and out of the UAE, and are a national of one of the 48 countries who are granted visit visas on arrival, please contact us before re-entering the UAE, as if your visa application has cleared security approval, you may have to wait until your new employment visa has been issued and to re-enter the UAE using the same. Should you not wish to exit the country and re-enter after the entry visa has been issued please note this option is only available to those applicants on their 30 day grace period following the cancellation of their previous residency visa OR if you are in the country on a visit visa (NOT Tourist Visa) OR if you received a visa on arrival into the UAE - granted to nationals of 48 countries who don t need to apply for a visa prior to entering the UAE Please note that we are legally obliged to keep the applicant notified of all steps and progress reports concerning their visa process and release the visa and passport directly to them unless they instruct us otherwise. We will not be able to release the passport or visa to anyone else, including the company owner/s, unless expressly directed to do so by the applicant. A UAE MOFA attested degree will be required if the position applied for on the visa is Managerial or any other higher position. This will also be applicable to Shareholders, Directors & Manager on the license. Important Additional Information All procedures, timelines and costs are valid at the time of going to print, however may become subject to change without notice. All document clearing and document processing tasks pertaining to your applications (Trade License, visas etc) are carried out by our office in Dubai. Payments for all applications should be made to our office in Downtown, Dubai or via bank transfer, or bank deposit (cheque or cash). Any payments received by CREATIVE ZONE towards any product or services are non-refundable unless agreed otherwise. This condition is valid even if the payment received isn t for the full amount of the service or product subscribed for and/or the customer has yet to provide CREATIVE ZONE with all the correct documentary requirements for said product or service and/or their application is rejected by the licensing authority for any reason. Please note the prices quoted in this proposal are specific to the products and services mentioned, they do not include any ancillary services i.e. driving license transfers, liquor license, dependents visas etc please contact us if you would like pricing and procedures for the same. Companies registered with Dubai South Free Zone; are permitted to carry out business activities with companies within the Free Zone or with companies within other Free Zones in the UAE or with companies outside the UAE. Should the company wish to conduct business with Government entities or local companies within the UAE they should either establish a local branch office or transact through a local commercial agent. In order to keep your company bank account active, you will need to visit your bank annually with your original renewed trade License and present it to the bank for sighting, this must be carried out on or before the expiry date of your current Trade License In order to setup your company, you will need to submit entry stamps OR residency visa copies OR cancelled visa copies for all shareholders. 6

7 If any of the shareholders is an Emirati National, we will need a copy of their Jinsiya and their Emirates ID Card If you are carrying more than 1 passport, please ensure you inform a CREATIVE ZONE representative of the same. Furthermore please note that you will be unable to travel on your 2 nd passport (the one not submitted towards your visa process) whilst your visa application is in process. Once you completed your change of status you will NOT be able to travel outside of the UAE until your passport has been stamped with your residency visa. We hold no responsibility for the issuance or delivery or delays related to Emirates ID Cards, or if the applicant is requested by the Emirates ID Card Authority to return to the ID Card center to redo the bio data procedure. Hand written passports are no longer accepted, all passport copies submitted should be electronic/typed passports. If you are a Shareholder and Manager on the license, you will not be required to provide for an attested degree for professional licenses. However the degree certificate will be required if you are applying for a managerial or any higher position on the visa. Dubai South Free Zone does not provide an investor visa Pre-approval of the trade license does not guarantee a visa. Applicants above the age of 60 will not be granted a visa. Physical office is mandatory for General Trading Activity Infants are allowed to hold shares in the company If you are Schengen National and have exhausted the 90 day visit period granted by immigration, you need to exit and be out of the country for at least 90 days before you can re-enter the UAE with a tourist visa. For the servant/maid /driver visa applications, the applicant will not be able to proceed for an in-country change of status if the maid/servant/driver is here in the UAE on a tourist visa. They will need to make an airport to airport transfer to complete their change of status. No approvals or confirmation will be given on the Company names or activities at the initial stage. Each company should have a secretary mentioned and only 1 General Manager. Only individuals are allowed as Directors for the company. Individuals with POA can sign on behalf of the client on the Service Agreement only. The MOA, AOA and Application form has to be signed by the Shareholder, Director, GM and Secretary as applicable. MOA and AOA should only be signed by the Shareholder. Missing documents, incomplete applications or handwritten applications will be rejected instantly. No refund for the Business Center package will be made if the visas are rejected. Annual Audit report must be submitted from the end of second financial year. 3 Activities are allowed for Smart Desks and 5 Activities are allowed for a Smart Office. If you wish to upgrade your facility, you can do so at any time during your contract subject to availability. The free zone will not accept any new applications with the same name for the three options, e.g.: (XYZ DWC-LLC, XYZ Trading DWC-LLC, XYZ Management DWC-LLC) Company names cannot have Symbols/dots/signs/numbers First 4 digits of the activity code need to be same to be approved under 1 license The company name should fall in line with the business activity The companies registered with Dubai South Free zone cannot own shares anywhere outside of Dubai South Free Zone. In addition, only companies with a physical office may own shares in other Dubai South Free Zone companies. The Ministry of Finance will not issue Tax Residency Certificates to Offshore Companies and Branches of Foreign Companies. 7

8 Syrian and Lebanese Nationals will have to provide the following additional documents for the license incorporation: a) Last 3 months original bank statements stamped by the bank from the individual's personal bank account within or outside the United Arab Emirates b) A copy of company documents showing their ownership within or outside the United Arab Emirates or an Undertaking Letter stating that they do not have any companies within or outside the United Arab Emirates. c) A business description A birth certificate attested from UAE embassy in the country of birth and Ministry of Foreign Affairs in UAE will be required by the free zone in case the applicant's country of birth and residence is not the same. Furthermore, you are required to submit the attested birth certificate if the applicant's birth place is an Arab country. In order to apply for inside country change of status through the free zone, the applicant must have entered from Dubai airports and should have an entry stamp on the passport from Dubai airport immigration. You will NOT be able to open your company bank account in absentia all relevant parties will need to be physically present in the UAE when meeting with the banker. The application for bank account opening will not be accepted by the banks if the trade name of the company contains the word "Oil" We thank you for your interest in CREATIVE ZONE and look forward to seeing you soon. CREATIVE ZONE. 8