General Trading

Freezones Dubai - We Help Setup Businesses

a) General Information:

1) Legal Status: Limited Liability Company (51% local and 49%Foreigner)

2) Capital: USD 81,967/-

3) Type of License: Commercial License

b) The process:

i) Identify local sponsor (not required if the company is to be set up by GCC national)

ii) Name & Activity approval

iii) Drafting, typing and legalization of MOA from Dubai courts

iv) Tenancy contract for office premises

v) Bank Guarantee (a letter from the bank confirming deposit of capital amount)

vi) Auditor letter

vii) Payment of requisite fee and collection of Trade License.

viii) Apply for chamber of commerce certificate.

c) Approximate cost for various formalities:

	1) Name and activity approval	USD 115/-

	2) Local Sponsor fee	USD 6,812/- p.a onwards (Local sponsor not required if company is to be Set up by GCC National)

	3) Office Rent:	Minimum office space required 500 Sq.feet. Rent depends on size and Location Rent per sq feet USD 35/- to 70/-

	4) Trade License Expenses:	USD 4,100/- (Apx) plus 5% of the office rent

	5) Drafting and Typing of Agreements/ MOA Including attestation in Dubai Courts.	USD 545/-

	6) Fee payable for chamber of commerce Cert.	USD 55/-

	APPROXIMATE TOTAL COST	USD 31,627.00

d) The next step:

i) Immigration card

ii) Labor card

iii) Partner visa

iv) Employee visa

5) Approximate cost

	1) Labor computer card	USD 601/- One time fee – should be revalidated every year.
	2) Immigration computer card	USD 197/- (valid for three years)
	3) Partner visa	Guarantee – refundable deposit 2,725/- Processing fee: USD 410/- (appx)
	4) Visa (Per Employee)	Guarantee: refundable deposit USD 820/- Processing: USD 1,912/-(appx) (Valid for 3 years)
	APPROXIMATE TOTAL COST	USD 6,665/-
Note: Partner should have company visa in order to sign documents for Labor department. The partner should hold USD 19,620/-/- share capital in order to get the partner visa. Premises should be leased after the approval of the planning section of economic department.

c) The following documents shall be arranged upon by us.

Trade License.
Certificate from chamber of commerce.

d) Documents / Details Required:

1) Application form duly signed by all the partners.

2) Passport copies of all the shareholders (Zinsia copy /Family card of the Local partner)

3) Bank Certificate showing capital in the bank

4) Auditor/Director letter

5) Important Clauses to be incorporated in MOA

6) Few Trade Names

7) Tenancy Contract of office/shed

8) Details of the Shareholdings (share in Capital)

9) Address & Contact nos. for preparing MOA.

10) Draft of Resolution and POA

11) List of major shareholders.

e) Time Required:

We expect to complete the assignment within 7 working days from the date of confirming the engagement and handing over the necessary documents and fees.

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