Monday 25 June 2012

Company Formation in Dubai (DMCC) Multi Commodities Center

The Dubai Multi Commodities Centre (DMCC) has been created as a strategic goal of

the Dubai Government to establish a commodity market place in Dubai. The DMCC was

launched on April 24th 2002 by a decree from the Government of Dubai.

The DMCC offers a unique opportunity for participants in a wide range of metals

and commodities industries. It provides facilities that bring together the gold trade,

the diamond trade (housing a Diamond Exchange), and trading in other selected

commodities. The Centre aims to attract key players throughout the entire value chain of

each of these industry sectors, together with relevant support industries such as finance,

logistics and insurance.

The DMCC offers ownership of business premises in addition to all other standard

Free Zone services. DMCC’s facilities will include a commercial tower, refineries and

manufacturing complex, with close proximity to Jebel Ali Port. Plots of land have also

been allocated for the larger manufacturing units and refineries. DMCC’s activities are

organised into three main areas which are Gold and Precious Metals, Diamond and Colored Stones and Commodities.

DMCC plans to strengthen Dubai’s position as the leading regional centre for bullion

business by offering improved facilities to enterprises establishing themselves under

the Centre’s auspices. The infrastructure at DMCC will accommodate every facet of the

business - manufacturing, trade, education, certification and technology. Alliances with

other players in the trade such as finance organisations, government institutions, etc.

will promote complete growth of the industry.

To further boost the regional diamond trade, the official announcement was made on

the Dubai Diamond Exchange (DDE), which is the first WFDB (World Federation of

Diamond Bourses) affiliated bourse in the Arab World.

DMCC has also entered into a joint venture between MCX (Multi Commodity Exchange

of India and FTIL (Financial Technologies India Ltd) and has formed the Dubai Gold and

commodities exchange (DGCX). DGCX provides advanced electronic infrastructure and

an organized monitored environment.

DMCC also aims bringing the best of educational institutions to Dubai, to make the

latest in technology and processes available to the local and regional market.

DMCC has been instrumental in implementing the Kimberely Process in the United

Arab Emirates as part of its endeavor to streamline the trade with global standards and

protecting the legitimate diamond industry.

Features


• Trading in various commodities including gold and precious metals, diamonds and

  colored stones and various services that compliment the main core business.

• Free hold ownership of business premises

• Diamond exchange

• 50 years tax holiday.


Form of registration

• As a branch of a foreign company - no minimum capital required.

• As a Free Zone Company (DMCCO) - minimum share capital is AED 200,000.

Facility costs and type of license

Facility
Size
Cost in AED per annum
Office in commercial tower
Flexible
1,200 - 1,800 per sq.ft
Offices in Business Avenue
22 sq.m - 110 sq.m.
180 per sq.ft (approx)

               
Type of License
Cost in AED per annum
Manufacturing
8,000 to 25,000
(depends on the units or area leased)
Trading
15,010
Service
15,010


Posted by Winston Karumba, Senior Business Consultant at Adam Consulting


Winston Wambua


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Company Formation in Dubai Free zone Biotechnology and Research Park

DuBiotech would be the World’s first Free Zone dedicated to the biotechnology industry

and is a part of Dubai Technology and Media Free Zone. DuBiotech will create a

comprehensive infrastructure and environment to develop biotechnology in the region.

The park will be built in several phases on a 300 hectare area located close to the

Dubailand project. This zone aims at serving knowledge that benefits both the society

and the economy and would be an ideal platform for the regional and international

scientific community to interact closely.

Construction of DuBiotech’s main infrastructure is underway and the first phase was

completed in 2007. The DuBiotech Laboratory Complex will be completed by the end of

2008 and DuBiotech’s Headquarters will be completed by mid 2009.

Discoveries and inventions can be patented through the Industrial Property Directorate

(the UAE equivalent of the Patent Office), at the Ministry of Finance and Industry.

The applications are then examined and following approval, a UAE patent is granted.

Innovators also have the option of applying through the GCC patent office in Saudi

Arabia, which provides GCC-wide protection. Additionally, the UAE is party to the Patent

Cooperation Treaty (PCT). This allows for a centralised application system where any

PCT member state can designate any other PCT member state for patent filing. This is an

easy and cost effective way of protecting a patent internationally. Intellectual Property (IP) rights are recognised in the UAE and therefore strict enforcement will exist for DuBiotech based companies. DuBiotech supports companies registering Intellectual Property rights and expedites processing and registering these Small and medium enterprises and large biotechnology and pharmaceutical companies, R&D laboratories, biotechnology related educational and academic institutions, suppliers, manufacturing, incubators and other associated sectors are encouraged to establish operations at DuBiotech.

The UAE Ministry of Health oversees the approval of medical drugs and products for

use within the UAE. DuBiotech, through its MOU, regulations and close collaboration

with the UAE Ministry of Health, assists DuBiotech based companies to successfully

launch drugs in national and regional markets. Any drugs that are exported to the US or

Europe have to be approved by the FDA and EMEA respectively. DuBiotech understands

that clinical trial regulations are needed in the region and these are currently under

development. Stem cell research will be conducted in a regulated environment

conforming to international standards.

DuBiotech will be an incubator for researchers and scientists and a centre for production,

creativity and development. In order to achieve that, the authorities will ensure a suitable

environment and the basic infrastructure that will attract the best scientists, research

centers and biotechnology laboratories. BioTiqania Advanced Training Institute was

founded as a spin-off initiative of Dubai Biotechnology and Research Park (DuBiotech).

BioTiqania is committed to providing a high standard of innovative technical training in

various scientific and industrial fields.

The park will comprise two main initiatives - an industry cluster and the Foundation

for Research and Innovation (FRI). As part of developing a cluster, DuBiotech seeks

to attract a synergistic mix of biotechnology and pharmaceutical companies active in discovery, R&D, testing, production, storage, sales and distribution. It will also attract

companies offering business support services for this industry such as legal and

venture capital (VC) firms specializing in the biotech industry, educational and training

institutions focused on biotech, and equipment, materials and consumables suppliers.

The main license categories are Therapeutics, Diagnostics and Analysis, Agricultural,

Forestry and Horticulture, Environment, Specialty supplies, Equipment, Life Science

consultancy and Life Science and Biomedical Associations, etc.


Features

• State-of-the-art infrastructure

• Special areas have been set aside for companies who wish to construct their own buildings.

• Dedicated production, warehousing and distribution areas will be created.

• Laboratory space.

• Common facilities include a library, video-conferencing, auditorium, theatre, meeting

   rooms, etc

• 24/7 electrical power back up

• Waste management and effluent treatment including the disposal of chemical,

   biological and hazardous materials


Form of registration

• As a branch of a foreign company - no minimum capital required.

• As a branch of a UAE company - no minimum capital required.

• As a Free Zone Limited Liability Company (FZ LLC) - minimum share capital varies

 depending on the authorities after review of the business plan.

Facility costs and type of license

Facility
Size
Cost in AED per annum
Land (lease-hold only)
Min 38,000 sq.ft onwards
Varies
Executive Office
Varies
450/ sq.ft
Pre-Built Units
Varies
Varies
Laboratory Space
Varies
Varies


·         Registration Fee one time (FZ-LLC) AED 3,500


·         Registration Fee one time (Branch) AED 3,500

Type of License                                 Cost in AED per annum

  • Production                                                 25,000
  • Manufacturing                                            25,000
  • Others                                                       15,000

These figures are indicative and subject to change.


Posted by Winston Karumba, Senior Business Consultant at Adam Consulting

Winston Wambua

For more information please contact me on

Mobile +971553350517

Email: winstonk@live.com

Skype: Winston.wambua



Company Formation In Dubai Energy And Environment Park (Enpark) – Tecom

Energy and Environment Park (Enpark) is an initiative of Dubai Technology and Media

Free Zone. Enpark is a Free Zone spanning over 8 million square feet of office, research

centre, residential, educational and leisure facilities located next to the Dubai Police

School, United Arab Emirates. Phase I of the ENPARK project is set to be completed by

2010.
Enpark is a special destination for clean energy and environmental technology

companies to operate and a fully-integrated knowledge community that includes

programs, services, partnerships and amenities to support the success of environment

companies and their employees. Combining the unique assets of being at the heart

of the international hub for the Region with the exclusive experience of a sustainable

community, ENPARK’s ambition is to offer a world class sustainable lifestyle and build a

sustainable culture.

The park proposes to create a comprehensive eco-friendly community while ensuring a

high level of welfare and quality of living for residents and workers. ENPARK will work

with leading energy and environment companies to ensure best practices and policies

are implemented in every element in the design and construction of the park.

ENPARK will have renewable and efficient water utilities, as well as clean and efficient

transportation facilities as part of its infrastructure. Intelligent building systems,

including energy management control, renewable energy production monitoring, fire

alarm monitoring and security systems, will be a feature of the park.

The park also emphasizes on Clean vehicle technologies (retrofit/showcases),
circulation within the zone will be dedicated to green cars certification standards,

fully pedestrian friendly area renewable and efficient utilities: water conservation

and reclamation, gas/hydrogen infrastructure. Efficient power, water and cooling

infrastructure augmented by renewable energy as well as advanced waste processing

and recycling. Fully Green Buildings park featuring state-of-the-art telecommunication
infrastructure for this self-contained and self-sustaining community.

Features

• 100% tax free

• 100% foreign ownership

• No corporate tax

• No income tax for 50 years
• No custom duty

• Full currency convertibility

• Hassle-free company laws and legal framework

Form of registration
       • As a branch of a foreign company - no minimum capital required.
       • As a branch of a UAE company - no minimum capital required.
       • As a Free Zone Limited Liability Company (FZ LLC) - minimum share capital is
           AED 300,000.

Facility costs and type of license
  • Registration Fee one time (FZ-LLC) AED 3,500
  • Registration Fee one time (Branch) AED 3,500

Winston Wambua

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Dubai Company Formation in Dubai Out Source Zone Free Zone (DOZ)-Tecom

Dubai Outsource Zone is the World’s first Free Zone dedicated to the outsourcing
industry. Dubai Outsource Zone (DOZ) provides a comprehensive infrastructure and

environment for outsourcing companies to set up global or regional hubs servicing the

worldwide market. DOZ is yet another initiative of Dubai Technology and Media Free Zone.

Dubai Outsource Zone is an initiative of Dubai Internet City, the state-of-the-art global

hub within Dubai. It is the perfect base for companies that provide mid- to high-end IT

and business processes outsourcing (BPO) services. Some of the key sectors covered

are finance, accounting, IT, payroll processing, graphic design, engineering, biotech,

R&D and design. It also serves as a centre for disaster recovery facilities for call centres

located offshore elsewhere in the world. The Zone caters to offshore requirements from

Europe, USA, the Middle East, Asia and Africa. DOZ provides a custom made infrastructure to
enable outsourcing companies to set up efficient operations as well as support their development.
The package of telecom services include reliable and redundant high-bandwidth connectivity, IP
telephony, automatic call distribution (ACD), interactive voice response (IVR) and predictive
 dialing systems, satellite communication services as well as technical and infrastructure support.
These facilities form part of a plug-and-play infrastructure which helps offshore service providers
start operations quickly with minimal upfront investment.
Features

• 100 percent exemption from taxes

• 100 percent repatriation of capital and profits

• Host of support Services to eliminate problems faced by outsourcing companies and

  to reduce operational hassles for outsourcing service providers. They include Speedy

  Incorporation and Trade Licensing, Hospitality Services and Event Management

  Services, etc.

• Facilities to plug-and-play infrastructure which helps offshore service providers to

start operations with minimal upfront investment.

Form of registration

• As a branch of a foreign company - no minimum capital required.

• As a branch of a UAE company - no minimum capital required.

• As a Free Zone Limited Liability Company (FZ LLC) - minimum share capital

   AED 300,000.


Facility costs and type of license

a)    Registration Fee one time (FZ-LLC) AED 3,500

b)    Registration Fee one time (Branch) AED 3,500

Type of License                                     Cost In AED per Annum
  • General Segments                           15,000

Winston Wambua

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Dubai Company Formation in Dubai Academic City Free Zone (DIAC)-Tecom


Dubai Knowledge Village (DKV) announced the launch of Dubai International Academic
City (DIAC), the World’s only Free Zone dedicated to international higher education. Located in Dubai Academic City, DIAC will serve as the regional base for premier international higher education institutions. Spread across an area of 25 million square feet, the DIAC campus provides an intellectually inspiring environment for students and faculty.

Dubai Academic City already houses seven universities. DIAC will only house

international universities separating them from other public colleges and institutions

in the area. The project is expected to be completed in the next five to seven years

according to business projections and will have very stringent selection criteria for

approving licenses of colleges.

This thriving knowledge community was founded as part of a long-term economic4

strategy to develop the region’s talent pool, to accelerate its move into a knowledgeeconomy. Benefits for DIAC investors include 100% foreign ownership, 100% tax free,100% repatriation of profits. There are currently many international universities of higher learning from diverse regions including Australia, India, Pakistan, Iran, Russia, Belgium, UK and Ireland operating out of DIAC, however the authority expects to further house 25 international universities to cater to more than 30,000 students in the future.These institutions offer programs that range in duration from one year to four years.Major academic programs on offer include engineering, computer science, fashion and design, biotechnology, environmental studies, quality management and business management programs.The selection of international universities depends on a number of criteria including university ranking, strength and programmes that correspond to the UAE’s industry needs. DIAC will be spread across an area of 25 million square feet. There will be areas dedicated to the international education zone, research and development centres, sports facilities, student unions and student and faculty accommodations. However currently there is no mandate for the international universities based in DKV to move to the DIAC. The set-up in DKV is not as appropriate for the universities that need to expand as DKV will focus more on house training and human resources companies. At DIAC universities have the option of either building their own campus or moving into the ready-made buildings .

Features

• Government support services.

• Wellness centers, dining facilities and entertainment venues including movie theatres,

    gaming centers etc.

• Student Accommodation

• Sports centers

• Multimedia library and other common facilities.

• Type of company activities include Universities, colleges, sports facility management,

   library management, accommodation service provider, academic support services, etc.

Form of registration

As a branch of a foreign company - no minimum capital required.

As a branch of a UAE company - no minimum capital required.

As a Free Zone Limited Liability Company (FZ-LLC) - minimum share capital varies

and depends on the authorities after review of the business plan.
Facility costs and type of licenses

Facility
Size
Cost in AED per annum
Offices
18,000 - 20,000 sq.ft
145 - 180 per sq.ft
Land
250,000 sq.ft onwards
20 - 30 per sq.ft
·         Registration Fee one time (FZ-LLC) AED 3,500

·         Registration Fee one time (Branch) AED 3,500




Type of License
Cost in AED per annum
University segment
50,000 - 100,000
Branch University segment
15,000 - 100,000


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• These figures are indicative and subject to change.

Winston Wambua


For more information please contact me on

Mobile +971553350517

Email: winstonk@live.com

Skype: Winston.wambua