Doing Business in UAE - Morison Menon

HEAVY EQUIPMENT & TRUCK ZONE (HETZ)
Location
Established
Distance
Size of the Zone
Facilities
Offered
Rental per annum
Lease Period
Possible Legal
Entities
Capital-cash
physical
No. of Shareholders
Formation Fee
Types of license
issued
License fee
Business Segments
Visas
Company formation
period
Other Info
Al Awir Free Zone, Al Awir - Dubai
2004 [Expect to be operational by early 2006]
20 Kms from Dubai International Airport
50,000,000 sq. meters
Plot of Land
[Minimum 10,000 sq. meters]
*US $ 1.90 to US $ 3.27/m2 (AED 7-12)
30 years; renewable for similar period
Branch of Foreign
Company
(including offshore
company)
None
-
None
Heavy Equipment & Truck Zone (HETZ)
Trading Licence
US $ 1,500 (AED 5,500)
Branch of UAE
Company
None
-
None
Trading in Heavy and Construction Equipment
8 visas for 10,000 sq. meters of plot. [However, additional visas may be issued
subject to requirement]
5 – 10 days
Currently registration, Licencing and visa formalities with respect to an Entity in Al
Awir Free Zone are controlled by JAFZA.
It is a mandatory requirement that every entity must construct office unit (plan to
be approved by FZ Authority) and size can vary in between 100 m2 to 300m2
* Rate is subject to change
90
Free Zone Company
(Single/Multiple Shareholding)
US $ 27,270
(AED 100,000)
Minimum One Shareholder. If more than
one shareholder the capital can be
divided as AED 50,000 each (US $ 13,635)
US $ 2,727
(AED 10,000)