Doing Business in UAE - Morison Menon
Doing Business in UAE - Morison Menon
Doing Business in UAE - Morison Menon
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Location<br />
Established<br />
Distance<br />
Size of the Zone<br />
Facilities Offered<br />
Rental per annum<br />
Possible Legal<br />
Entities<br />
Types of license<br />
issued<br />
License fee<br />
BUILDING MATERIAL ZONE (BMZ)<br />
Al Awir Free Zone, Al Awir - Dubai<br />
2005 [Expect to be operational by early 2007]<br />
20 Kms from Dubai International Airport<br />
14,000,000 sq. meters<br />
Plot of Land<br />
[M<strong>in</strong>imum 10,000 sq. meters]<br />
*US $ 1.90 to US $ 3.27 per sq. meter<br />
(AED 7-12)<br />
Lease Period 30 years; renewable for<br />
similar period<br />
Capital-cash<br />
physical<br />
No. of Shareholders<br />
Formation Fee<br />
Branch of Foreign Company<br />
(<strong>in</strong>clud<strong>in</strong>g offshore<br />
company)<br />
None<br />
Trad<strong>in</strong>g Licence<br />
US $ 1,500 (AED 5,500)<br />
<strong>Do<strong>in</strong>g</strong> <strong>Bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>UAE</strong> and <strong>UAE</strong> Free Trade Zones 4th Edition 2006<br />
Build<strong>in</strong>g Material Zone (BMZ)<br />
-<br />
None<br />
Branch of <strong>UAE</strong><br />
Company<br />
Free Zone Company<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<br />
Shareholder. If more than<br />
one shareholder the<br />
capital can be divided as<br />
US $ 13,635 (AED 50,000) each<br />
US $ 2,727<br />
(AED 10,000)<br />
<strong>Bus<strong>in</strong>ess</strong> Segments Trad<strong>in</strong>g <strong>in</strong> Build<strong>in</strong>g Materials<br />
Visas<br />
8 visas for 10,000 sq. meters of plot. [However, additional visas may be issued<br />
subject to requirement]<br />
Company formation 5 – 10 days<br />
period<br />
Other Info<br />
*Rate is subject to change<br />
* Investors can construct warehouses on leased plots <strong>in</strong> accordance to their requirement<br />
with prior approval from Free Zone Authorit y.<br />
None<br />
-<br />
None<br />
<strong>Morison</strong> <strong>Menon</strong><br />
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