Doing Business in UAE - Morison Menon
Doing Business in UAE - Morison Menon
Doing Business in UAE - Morison Menon
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*<br />
Location<br />
Established<br />
Distance<br />
Size of the Zone<br />
Facilities Offered<br />
Rental per annum<br />
Lease Period<br />
Possible Legal<br />
Entities<br />
Capital-cash<br />
physical<br />
No. of Shareholders<br />
Formation Fee<br />
Types of license<br />
issued<br />
License fee<br />
<strong>Bus<strong>in</strong>ess</strong> Segments<br />
Visas<br />
Company formation<br />
period<br />
Other Info<br />
Dubai Textile City (DTC)<br />
DUBAI TEXTILE CITY (DTC)<br />
Al Awir Free Zone, Al Awir - Dubai<br />
2004 [Expect to be operational by early 2006]<br />
20 Kms from Dubai International Airport<br />
6,000,000 sq. meters<br />
Ground Show Room<br />
*Mezzan<strong>in</strong>e Office<br />
Ground Warehouse<br />
US $ 0.11 (AED 0.40) per sq. foot<br />
30 years; renewable for similar period<br />
Branch of Foreign Company<br />
(<strong>in</strong>clud<strong>in</strong>g offshore<br />
company)<br />
None<br />
-<br />
None<br />
Trad<strong>in</strong>g Licence<br />
US $ 1,500 (AED 5,500)<br />
Units -Type A<br />
(3070 sq. feet)<br />
363<br />
363<br />
2344<br />
88<br />
Branch of <strong>UAE</strong><br />
Company<br />
None<br />
None<br />
Units-Type B<br />
(5781 sq. feet)<br />
617<br />
617<br />
4547<br />
Units-Type C<br />
(11581 sq. feet)<br />
1223<br />
1223<br />
9135<br />
FZT<br />
(S<strong>in</strong>gle/Multiple<br />
Sharehold<strong>in</strong>g)<br />
US $ 27,270<br />
(AED 100,000)<br />
M<strong>in</strong>imum One Shareholder. If<br />
more than one shareholder the<br />
capital can be divided as<br />
US $ 13,635 (AED 50,000 each).<br />
Trad<strong>in</strong>g <strong>in</strong> Textile Fabrics<br />
7 visas for per trade licence/Unit. [However, additional visas may be issued subject<br />
to requirement]<br />
5 – 10 days<br />
* Investors can sublease the facility<br />
* No rental for office facility is charged for first 15 years; from 16th to 30 year rent as per<br />
market price less 50% with a m<strong>in</strong>imum of US $ 2 (AED 7.5) per sq. foot.<br />
* The facility shall be leased only to TEXMAS members and a wholesale dealer of textiles.<br />
* Currently registration, licenc<strong>in</strong>g and visa formalities with respect to an Entity <strong>in</strong> Al Awir<br />
Free Zone are controlled by JAFZA.<br />
-<br />
(US $ 2,727)<br />
AED 10,000
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