Business Setup in Dubai Dragon Mart Free Zone

Following industries you can setup in Dubai Dragon Mart

We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.

Benefits of Business Setup in Dubai Dragon Mart

UAE and Dubai freezone companies are relatively rising in number. It shows that a lot of investors are finding the UAE to be one of the best locations to invest in or expand their organizations in. More and more business owners tend to open a company in Dubai free zone.

For businessmen who are planning to be part of a huge trading hub for Chinese goods, Dubai Dragon Mart is a perfect place because it is the second biggest in the world outside China.

Dubai freezone companies located at DDM are benefiting from the solutions, facilities, and amenities that are being offered by this zone. They are also enjoying the Dubai free zone benefits that are listed below.

• No import duties
• 100% repatriation of profit and capital
• World-class business facilities and warehouses
• Access to air, water, and land routes
• Access to Middle East and North African markets

Business Setup Requirements & Procedure

Requirements for Setting up a Company in Dubai Dragon Mart

• Passport copies of the shareholders
• Passport copies and CV (resume) of the manager
• Personal information sheet of each shareholder and manager (template will be forwarded by Farhat Office & Co.)
• Proof of trade name reservation (part of the process—task of Farhat Office & Co.)
• Proof of initial approval for the activities (part of the process— task of Farhat Office & Co.
• Notarized Memorandum of Association (MOA), Article of Association (AOA) (Farhat Office & Co. will draft it for you and will assist you in order to get them notarized by a local notary public); in case the shareholders cannot appear in front of the local notary, they can appoint us (Farhat Office & Co.) as a legal representative so that we will be able to act on their behalf
• Notarized and attested Power of Attorney appointing Farhat Office & Co. as your legal representative so that they can act on your behalf/on behalf of the shareholders (template will be forwarded by Farhat Office & Co).
• Lease agreement (a document) showing a physical address for your new business—Having a physical address is mandatory for onshore business in the UAE. The minimum space required is 550 sq. ft. (around 60 sq. m). Your registration agent Farhat Office & Co. can assist you while searching for your physical address. Clients should not enter into any lease contract before we get the initially required approvals.
• Capital—we suggest a minimum authorized capital of AED 150,000 (USD 41,000 approximately). The capital structure is as follows: 51% to be registered for the name of the local citizen “partner” and 49% to be registered with the foreign partners. This formula can be changed by the Ministry of Economy upon the request of the investors, and the Ministry will look into the matter. The Ministry will assess and evaluate, and they will agree in case the business/the project will add material value to the state/country’s economy. Depositing/paying the authorized capital is not mandatory in most cases.

Additional Requirement Applicable to Corporate Shareholders (Legal Person)

• Board resolution to be resolute by the board of directors of your existing company/entity at the place of origin, expressing their intent for establishing a new setup abroad—it must be attested by the UAE Embassy (template will be forwarded by Farhat Office & Co.).
• Certificate of registration or business license or certificate of incorporation of your existing company/entity at the place of origin—it must be attested by the UAE Embassy.
• Memorandum of Association (MOA) of your existing company/entity at the place of origin—it must be attested by the UAE Embassy.
• Article of Association (AOA) (if any) of your existing company/entity at the place of origin—it must be attested and notarized by the UAE Embassy.

Note:

• There are cases that a concerned party may require documents and other requirements
• In some business activities, such as health care, law firm, education training, transportation, construction and contracting, engineering consulting, etc., no objection and permission will be required as mandatory requirements. If your business requires such pre-approvals and/or permissions, there will be an additional cost and additional professional fee for Farhat Office & Co.

The procedure of processing your business setup in Dragon Mart will range from 2 to 4 weeks.

Support Services Offered in Dubai Dragon Mart

FAR Consulting Middle East is one of the leading consulting companies in Dubai that deal with corporate business services Dubai. We assist people who have questions on how to open a business in Dubai.

We can provide the following services when you let us handle your affairs when it comes to company setup in Dubai:

• Applying and following up on behalf of the client until the collection of the Certificate of Business Registration (Trade License)
• Representing the client in front of the authorities
• Assisting the client in bank account opening
• Assisting the client in account opening with the Ministry of Labour
• Assisting the client in account opening with the UAE immigration
• Assisting the client in leasing a premise as an address for the business

Business Setup Cost in Dubai Dragon Mart

The below table shows the estimated Dubai freezone company setup cost in Dubai Dragon Mart, which also includes the Dubai free zone license cost. If need be, you can contact us for further clarification and information.