Three options and Legal documents required for Registration of a Company in the Jebel Ali Free Zone (JAFZA)

Similar documents
The Jebel Ali (JAFZA) Free Zone Company, Dubai General

FREE ZONE FAQ GETTING STARTED IN THE FREE ZONE

DJIBOUTI PORTS AND FREE ZONES AUTHORITY

REGISTRATION FORM. We are desirous of establishing an Office in DAFZA.

APPLICATION FOR REGISTRATION

RAK INVESTMENT AUTHORITY YOUR BUSINESS DESTINATION

Business Account Signature Signing Instructions

Sharjah Book Authority Sharjah Publishing City. A Publishing and Printing Free Zone The Centre of the Publishing Industry

Commercial Licensing Division

DWC(Dubai South) Free Zone Company Setup Proposal

Jebel Ali Free Zone Authority. Free Zone Establishment

Types of Companies Authorised Signatory Director Secretary Shareholder / Member Public Company Minimum 2. Individual / Corporate

Unless otherwise specified, a capitalised term in this guidance note has the same meaning given to that terms in the Regulations.

U M M A L QUWAI N FR E E T RA DE ZONE AUT HO RIT Y PO BOX 7072 U M M A L QUWAI N / UAE

K&L Gates A Guide to Establishing a Business Presence in Dubai

RAK MARITIME CITY FREE ZONE COMPANIES IMPLEMENTING REGULATIONS 2017

INVESMENT OPPORTUNITIES A PERSPECTIVE FOR THE UNITED ARAB EMIRATES

UAE Freezones An Effective Destination For Doing Business. Contact Us Suite No 1801,City Tower 2 Sheikh Zayed Road, Dubai Phone :

Corporate Banking in the UAE.

PCFC DEVELOPMENT FZCO (incorporated in Jebel Ali Free Zone with limited liability)

Market Entry United Arab Emirates (Dubai and Abu Dhabi)

Procedure for Pledging Securities in Dubai Financial Market

RAS AL KHAIMAH IDEAL PLACE FOR BUSINESS & QUALITY LIVING

at the center of your administration

Application Guideline. Company Formation Application for a New Company. Table of Contents

Table of Payment & Professional Fees

Company Registration Amendments FAQs

Value Added Tax ( VAT ) in the UAE Issue dated 14 th September 2017 Subject to executive regulation

Nine Options and Legal documents required for Registration of a Company in Abu Dhabi

The 7 Magnificent Zones of HFZA. Oil & Gas Zone Construction World Petrochemical Zone Maritime City Timber Land Perfume World Steel City

APPLICATION FORM FOR JOINING DUBAI AUTHORIZED ECONOMIC OPERATOR PROGRAM

B K R INTERNATIONAL. Kanaan & Associates AN INDEPENDENT MEMBER FIRM OF BKR INTERNATIONAL

SETTING UP AN OFFSHORE INVESTMENT HOLDING COMPANY IN THE UNITED ARAB EMIRATES

THE NEXT BIG THING FOR TEXTILE AND APPAREL BUSINESSES

Opening Remarks. Mr. Wilson Chan. Regional Director, Business Development of Ras Al Khaimah Free Trade Zone Authority (RAK FTZ)

Emirates Integrated Telecommunications Company PJSC and its subsidiaries

SETTING UP BUSINESS IN UAE

Trading Overseas. Driven by results

VAT AWARENESS SESSION

dwtc.com Setting up a Business in a Global Gateway

How to Guide: Setting-up Business in Germany. Introduction. Entry. Set-up. Contact

Order form United Arab Emirates (UAE) - Ras Al Khaimah (RAK) Incorporation service FORMATION OF INTERNATION BUSINESS COMPANIES (IBC)

Checklist for supporting documents required to be submitted

UAE STRUCTURING SERIES (III) CORPORATE MIGRATION TO THE UAE: WHICH OPTIONS FOR WHICH BENEFITS?

Global Infrastructure Series

ANNEX A. DEFINITION OF "Exporter" Article 1 (19) UCC DA

LICENSE REQUIREMENTS GUIDELINES

NOTARY PUBLIC VIDAL E. MARTIN

SUPPLEMENTAL DECLARATION FOR UNACCOMPANIES PERSONAL AND HOUSEHOLD EFFECTS

Doing Business in the United Arab Emirates

Emirates Integrated Telecommunications Company PJSC and its Subsidiary Condensed consolidated interim financial statements

RANGE OF FACILITIES AT RAK FTZ

Value Added Tax ( VAT ) in the UAE

KALPATARU POWER DMCC

UAE STRUCTURING SERIES (III) CORPORATE MIGRATION: WHICH OPTIONS FOR WHICH BENEFITS?

VAT UAE IMPORT EXPORT & DESIGNATED ZONES

His Excellency Sultan bin Saeed Al Mansoori, Minister of. Ambassador of the United Arab Emirates to Singapore Dr

SUN PHARMA HEALTHCARE FZE. Financial Statements. 31 March 2018

United Arab Emirates. Country Q&A United Arab Emirates. Amjad Ali Khan, Afridi & Angell. Country Q&A THE SECURED LENDING MARKET REAL ESTATE.

Customs Guide ISRAEL. Information from FIDI Mediterranean

Registration No: INTERNATIONAL BUSINESS COMPANIES DEPARTMENT RAK INVESTMENT AUTHORITY MEMORANDUM & ARTICLES OF ASSOCIATION XYZ LIMITED

INDEPENDENT AUDITOR S REPORT

INDEPENDENT AUDITOR S REPORT

Cargo Rates International LLC, OTI# NF Tel/Fax th Avenue South, Seattle, WA 98144, USA

MAESTROS MIDDLE EAST (FZE)

CORPORATE BUSINESS REGISTRATION FORM

RAK ECONOMIC ZONE AUTHORITY OPERATING RULES OF TABLE OF CONTENTS

SERVICE EXCELLENCE WITHOUT BOUNDARIES

Independent Auditors Report on Review of Condensed Consolidated Interim Financial Statements. To the Shareholders of Union Properties PJSC

Standard Operating Procedure (SOP) towards export policy of Beach Sand Minerals (BSM) in terms of Notification No. 26/ dated 21.8.

SOVEREIGN CORPORATE SERVICES UAE VAT GUIDE

Small Self-Administered Scheme SSAS. Takeover Application.

BUSINESS INFORMATION SERIES Vol.I No. 1 STARTING A BUSINESS IN DUBAI. Dubai Business Guide Operations

Meeting your insurance needs in the UAE

GUIDE TO COMPLETING THE U.S. CUSTOMS DECLARATION

Application for Issuance of Letter of Credit (LC) / Back to Back Letter of Credit (B2BLC)

Doing Business in the United Arab Emirates

Copy writes reserved with 24A Plus Consultants 24A PLUS CONSULTANTS, DUBAI, UAE GCC VAT TRAINING

SQS BFSI FZE HAMRIYAH FREE ZONE AUTHORITY SHARJAH, U.A.E. FINANCIAL STATEMENTS 31 MARCH 2018

Implementing Regulations No. 1 Concerning Sharjah Publishing City Free Zone Companies

FYJC. Subject : Organisation of Commerce & Management. Ch. 5. International Business SOLUTION

Details of the Proposed Acquisition are set out in the ensuing sections.

Indirect Taxes Committee Institute of Chartered Accountants of India

APPLICATION FORM APPLICATION FORM INDUSTRIAL LICENCE 1/6 DETAILS OF THE APPLICANT. Name. Name of parent company (If any) Permanent Address

TAXABLE PERSON GUIDE FOR VALUE ADDED TAX. Issue 1/March 2018

Notice of Annual General Meeting

INTERNATIONAL TRADE FINANCE SERVICES

FUJAIRAH CREATIVE CITY FREE ZONE LICENSE SETUP PROPOSAL

Malaysia company registration

Astana Financial Services Authority

J-1 EXCHANGE VISITOR QUESTIONNAIRE NEW J-1 & TRANSFER-IN J-1

Public Revenue Department. VAT Awareness Session: Free Zone Companies

ATTESTATION SERVICE GUIDE

Dubai First Corporate Credit Card Application Form

PRAKAS ON THE DETERMINATION OF THE BASE FOR ACCOUNTING THE VALUE ADDED TAX ON TRANSPORT OF GOODS OR PASSENGERS

Customs Clearance & Tariffs

Stanbic Bank Zambia Know Your Supplier Questionnaire

ABOUT DUBAI WELCOME TO THE FUTURE

INVEST IN EXCLUSIVE DUBAI OFFICE SPACE. Assured tax-free income returns of up to 12% Assured buy back policy after 10 years at 120%

Corporate Structures in Vietnam For Foreign Investors

Transcription:

Three options and Legal documents required for Registration of a Company in the Jebel Ali Free Zone (JAFZA) Option 1: Branch Company 1. Certificate of Registration of the company or Original Certificate of Good Standing of the company, notarized and attested by the United Arab Emirates Embassy 2. Memorandum and Article of Association of the company, notarized and attested by the United Arab Emirates Embassy 3. A company s Board Resolution calling for the establishment of a branch in JAFZA and guaranteeing full financial commitment and appointment of the following, all notarized and attested by the United Arab Emirates Embassy: Appointed Manager / Representative Appointed Negotiator / Legal Representative Power of Attorney for Manager 4. Passport copies and specimen of signature of Manager / Negotiator No shared Capital required Registration Fees, W.E.F 01 01 2005 AED 5,000 (One time)

Option 2: Free Zone Establishment (FZE) a) Individual applicant 1. a) Applicant personal profile (e.g. business background) b) Specimen of applicant signature (attested by JAFZA) + passport copy c) The original banker s reference 2. Owner declaration (attested by JAFZA) and appointment of the following: a. Negotiator or Legal Representative + Power of Attorney b. Manager and specimen of signature + passport copy c. Directors and specimen of signature + passport copy d. Secretary and specimen of signature + passport copy b) Non Individual applicant 1) a. Certificate of Registration of the company or Original Certificate of Good Standing of the company notarized and attested by the United Arab Emirates Embassy b. Memorandum and Article of Association notarized and attested by United Arab Emirates Embassy 2) Board Resolution calling for the establishment of an FZE and appointment of the following, notarized and attested by the United Arab Emirates Embassy: Appointment of the Negotiator or Legal Representative + Power of Attorney Manager and specimen of signature + passport copy Directors and specimen of signature + passport copy Secretary and specimen of signature + passport copy. Share Capital required AED 1 (One) Million Dirham Registration Fees AED 10,000 (One time)

Option 3: Free Zone Company (FZCO) a) Individual applicant 1 a. Applicant personal profile (e.g. business background) b. Specimen of applicant signature (attested by JAFZA) + passport copy c. The original banker s reference 2 Board Resolution (attested by JAFZA) and appointment of the following: a. Negotiator or Legal Representative + Power of Attorney b. Manager and specimen of signature + passport copy c. Directors and specimen of signature + passport copy d. Secretary and specimen of signature + passport copy b) Non Individual applicant 1 a. Certificate of Registration of the company or Original Certificate of Good Standing of the company notarized and attested by the United Arab Emirates Embassy b. Memorandum and Article of Association notarized and attested by United Arab Emirates Embassy 2 Board Resolution calling for the establishment of an FZE/FZCO and appointment of the following, notarized and attested by the United Arab Emirates Embassy: Appointment of the Negotiator or Legal Representative + Power of Attorney Manager and specimen of signature + passport copy Directors and specimen of signature + passport copy Secretary and specimen of signature + passport copy Share Capital required AED 500,000/ Registration Fees AED 15,000 (One time)

FZCO/FZE 1. Certificate of Registration Attested by UAE Embassy 2. Memorandum and Article of Association Attested by UAE Embassy 3. Board Resolution Attested by UAE Embassy 4. Managers Passport Copy 5. Specimen of Signature of Manager can be attested by JAFZA 6. Original FZE/FZCO Application Form Typed FZCO Minimum Share Capital AED 500,000 (max 5 Partners, min 2), Value of each share AED 100,000/, Minimum 5 shares, One Time Registration Fees AED 15,000/ FZE Minimum Share Capital AED One Million, One Time Registration Fees AED 10,000/

JAFZA Frequently Asked Questions (FAQs) Facilities & Services Licences 1. Can I manufacture products in the LIU s? Yes. Some of the variants of the LIU has a higher electrical capacity and can be used for assembly operations. 1. Can I have a licence from Jafza but operate from Dubai or other Emirates? The Licence issued by Jafza is valid for operating your business only inside the FZ territory. You cannot use this licence to set up a business in any of the other Emirates. Goods maybe sold to other Emirates through distributors. Setting up a company General 1. What is the minimum capital required for establishing a company in the Free Zone? There is no minimum capital requirement asked for by Jafza if you are merely setting up a branch of your company. However, if you are establishing an FZE or FZCO, then the minimum capital requirement is Dhs. 1 million (US $270,000) or Dhs. 500,000 (US$135,000) respectively. 1. How long is my residence visa valid? The residence visa issued by Jafza is valid for a period of three years from the date of issue. 2. Can I bring my Family members? Yes, subject to your eligibility as per the immigration rules. 3. How do I bring in Business visitors? Jafza Administration department provides the service of issuing transit Visas. You can therefore process your request with Jafza 4. Can I convert my Driving Licence? Yes. The UAE recognises driving licenes from certain countries. A local UAE license can be issued upon the completion of required formalities. 5. Do I have to employ nationals in my business? There is no compulsion to do so and you are free to hire staff from any country.

6. What type of business enterprises are allowed in the Free Zone? All types of legitimate business operations are allowed in the zone under Industrial, trading and service sectors subject to Jebel Ali Free Zone Authority s approval. 7. Will the Government or the Free Zone Authority provide finance for projects in the Free Zone? The Government or the Free Zone Authority do not provide project funding. However, the companies can approach other private financial bodies for financing their projects. 8. Will the Government protect my product by the imposition of protective duty? No. The UAE has a free trade policy and no protective duties are imposed. 9. Can I establish a branch of my own company? Yes, many companies establish subsidiaries in the Free Zone. 10. Can I be a partner in more than one company? Yes. There are at present no restrictions on the number of businesses in which one person can be involved. 11. Can I transfer my money outside the country freely? Yes. The authorities impose no restrictions on the movement of capital. 12. Can I import and export goods? Yes, subject to your particular license. Companies operating in the Jebel Ali Free Zone are amongst the major re exporters in the region. No duties imposed if goods are imported and exported within the Free Zone. 13. Can I travel between the emirates freely with my residence permit? Yes. There are no restrictions 14. Are there any restrictions on my departure from the country? None. Provided your visa is valid. 15. Can members of my family work? Yes. Once they have residence visas, they may apply for work. 16. Can my staff live on my factory premises? No. However, they can be put up in the Staff Accommodation in the Free Zone, or outside the Free Zone

Customs 17. Who are authorized to clear cargo through customs at Jebel Ali and Port Rashid Terminals or Dubai International Airport? 1. Consignees holding a UAE federal or Dubai Economic Department licence or any of the four Free Zone licences. 2. Agents holding a Dubai Economic Department Clearing and Forwarding (C&F) licence may also clear cargo on behalf of consignees. 1. What documents do customs need to see? Delivery Order This will be issued by the shipping agent upon receipt of freight charges and either the original bill of lading or a bank guarantee. Original Invoice This should be produced by the original exporter and legalised by a recognised authority in the country of export. (This document is used by customs here for duty charges and statistical purposes.) Certificate of Origin Produced by the original exporter and legalised by a recognised authority in the country of export. This is used by customs to confirm the country of origin and its legitimacy. Bill of Entry Must be completed by the consignee or C&F agent. Free Zone(FZ) bills of entry are used for cargo declared for the zone. Cargo bound for Dubai is entered on a standard bill of entry. Customs Duty Receipt This is issued by customs if duty is payable. Certain importers are able to operate a credit facility with customs. Duty Exemption Certificate This is held either by companies importing cargo which do not attract duty, or by the agents acting on their behalf. 2. How do licence holders clear goods for sale locally? Licence holders can sell their goods to companies in the UAE (through an agent or distributor) and also in the FZ. In the former case the Ex FZ import bill is cleared through customs in the name of the buyer. Please Note: Blank bills of entry may be purchased from Dubai Customs located at either Jebel Ali or Port Rashid Terminals. Dubai Ports Authority have a common documentary system. As a result, the documents may be processed at either location.