What are the precautions for the establishment of Dubai Meidan Company?

With its unique geographical location, relaxed policy environment and highly open business atmosphere, Dubai has become an ideal destination for many enterprises to expand their international business. Dubai Meydan Free Zone (Meydan Free Zone) has emerged in recent years, attracting the attention of a large number of investors. If you plan to set up a company in the US-Dan Free Trade Zone, the following considerations are worth exploring in depth.

Dubai Meidan Company Registration Notes

1. Company type and business activities

select the appropriate type of company: The US-Dan Free Trade Zone allows the establishment of a limited liability company (FZ LLC) as well as a branch or representative office. A limited liability company may have one or more shareholders, who may be natural or legal persons. The branch or representative office must be service-related activities, such as marketing, consulting, etc., and cannot carry out trade activities unless established in the form of a limited liability company.

Clear business activities: at the time of registration, it is necessary to clarify the business scope of the company and mark it on the business license. The US-Denmark Free Trade Zone provides a wide range of business activities including specific/general trade investment, consulting, service-related and professional activities, and allows the combination of up to three activity groups in a single license at no additional cost.

2, shareholders and directors requirements.

Shareholder Requirements: At least one shareholder is required. For certain types of companies or industries, UAE nationals (locals) may be required to be shareholders or hold a certain percentage of shares, but companies registered in the US-Denmark Free Trade Zone are usually not subject to this restriction.

Director Requirements: At least one director is required and the director must be at least 18 years of age and of full capacity. A director may be a shareholder of a company or another individual or entity.

3. Registered capital and name

registered capital: The US-Dan Free Trade Zone has no specific minimum requirements for registered capital, but considering the actual needs of the company's operations, a reasonable registered capital should be determined.

Company Name: The company name must be in Arabic or English and cannot be a duplicate of an existing company name. Industry information is usually required to be included in the company name for review by government agencies. The name cannot contain celebrity names, place names, country names, religious words, or industry-specific reserved words.

4. Registration address and document preparation

registered Address: Companies registered in the Meidan Free Trade Zone in Dubai need to provide a valid registered address located in the free trade zone. This can be an actual office location or a virtual office, but it must comply with the relevant regulations of the free trade zone.

Document preparation: according to the type of company, prepare the scanned passport, resume, contact information, bank credit certificate and other documents of shareholders and directors. If the shareholders of the company are the company, the articles of association, resolutions of the board of directors and other documents shall be provided. In addition, it is necessary to submit the application for pre-approval of the company name, lease contract or real estate documents.

5. Other Precautions

compliance with laws and regulations: During the registration process, you need to comply with the laws and regulations of the Dubai and Meidan Free Trade Zone, including anti-money laundering regulations.

Tax Registration and Accounting Requirements: After registering a company, you need to register for tax and make accounting records and tax returns in accordance with Dubai's accounting standards and requirements. Companies in the US-Denmark Free Trade Zone usually enjoy preferential tax policies.

Hiring employees: If the company needs to hire foreign employees, it needs to obtain the appropriate labor permit and ensure compliance with Dubai's labor regulations.

Continuous compliance checks: Registered companies are required to comply with Dubai's corporate regulations and the rules of the Free Zone on an ongoing basis and are subject to regular compliance checks.

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