Fasttrack Business Center – Dubai Company Registration

Fasttrack Business Center. Fast Track Business Center Dubai Mall. Dubai Company Registration, Company Setup in Dubai, Register Your Business in Dubai, UAE.
Fasttrack Business Center. Fast Track Business Center Dubai Mall. Dubai Company Registration, Company Setup in Dubai, Register Your Business in Dubai, UAE.Fasttrack Business Center. Fast Track Business Center Dubai Mall. Dubai Company Registration, Company Setup in Dubai, Register Your Business in Dubai, UAE.
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Fasttrack Business Center – Dubai Company Registration

Fasttrack is a Dubai based Government Business Service Center which offers over twenty –year experience in advising and assisting new and already established SME’s companies, corporations and individuals in setting and starting up their own business anywhere in UAE.

Faststrack provides also secretarial and reception services such as faxes, photocopies, fast Arabic Arabic type-writing, legal and non-legal translations.

OUR SERVICES

Fasttrack cooperates closely and successfully over 20 years with governmental institutions assuring a timely and accurate execution of all application processes.

Fasttrack Public Relation Consultants act as a liaison with government agencies to ensure that affairs are handled expediently and that a good relationship is maintained.

Fasttrack is the midpoint between the governmental entities and local and foreign investors to ensure any conflict, process flow and fair and all time favorable customer care resolutions.

Fasttrack staff constantly monitors and analyses pending legislation and regulation which can impact the organizations, companies and/or individuals and studies alternatives to undertake appropriate corrective actions.

GOVERNMENT SERVICES

Fasttrack cooperates closely and successfully over 20 years with governmental institutions assuring a timely and accurate execution of all application processes.

Fasttrack Public Relation Consultants act as a liaison with government agencies to ensure that affairs are handled expediently and that a good relationship is maintained.

Fasttrack is the midpoint between the governmental entities and local and foreign investors to ensure any conflict, process flow and fair and all time favorable customer care resolutions.

Fasttrack staff constantly monitors and analyses pending legislation and regulation which can impact the organizations, companies and/or individuals and studies alternatives to undertake appropriate corrective actions.

‘Fasttrack builds your trust fast’

  • TAS’HEEL: 
    It is an on-line government system designed to simplify all labour-related processes, improve output volume and increase efficiency. It allows companies and typing centers to make on-line transactions and payments to MOL (Ministry of Labour), encouraging a paperless environment. Through Tas’heel companies do not have to worry physically submitting payments/documents.Tas’heel services are provided for companies and/or clients under Fasttrack sponsorship.
  • EMIRATES ID AUTHORITY:
    The Emirates ID CARD program is one of the most important national projects ever implemented in the country. To prove identity the UAE IDENTITY CARD through biometric and advanced ID features eliminates the need to carry out different forms of identification including DRIVING LICENCE, WORK PERMIT, EMPLOYEE CARDS, PASSPORTS and E-CARDS.
  • GENERAL DIRECTORATE OF RESIDENCY & FOREIGNERS AFFAIRS (IMMIGRATION):
    The Department of Naturalization and Residency Dubai (DNRD) looks after entry permits, visit visas, residence visas, etc for entering and living in the UAE if you come in through Dubai. DNRD is also referred to as the Dubai Immigration Department or Dubai Naturalization and Residence Department.

Fasttrack Public Relation Consultants carry out the following PRO services:

  1. Immigration / Labour Card Renewal: 
    In UAE it’s essential to renew your Immigration Card and Labour Card before they expire, otherwise there are penalties which freeze all of your visa applications.
    We will remind you in advance of your trade license and other document expiry so that your business will be protected from bans and penalties.
  2.  Visa Stamping: 
    All employees require visa to be stamped on their passport to change their immigration status to resident in UAE. A medical card is a prerequisite for Visa Stamping. We will assist you in obtaining medical certificate from the Ministry of Health prior to stamping visa in the Passport. To complete visa stamping the immigration department requires the following documents: original passport, original Employment Visa (Entry permit), original medical certificate, 7 passport size photographs, residence visa fee, completed security form, residence visa forms duly signed and sealed from the sponsor. Normally the visa will be stamped in the Passport within 10 days and is valid for 2 years.
  3. Visa cancellation:
    We assist both companies and individual employees to cancel residence visa and work permit for employees when they leave company employment.
    To cancel your employment visa we will require original passport, original entry permit and cancellation forms duly signed by the sponsor. Cancelled passport may be collected from Immigration Department in 24 hours.

DEPARTMENT OF ECONOMIC DEVELOPMENT(DED) The DED is the government body entrusted to set and drive the economic agenda of the emirate of Dubai, UAE. The DED supports the structural transformation of Dubai into a diversified, innovative, service-based economy that aims to improve the business environment and accelerate productivity growth.

  • New user registration
  • Booking Trade Names
  • Initial approval license
  • Amendment of license
  • Renewing of license
  • Cancellation of license
  • Updating contact information
  • Printing licenses

CORPORATE SERVICES

Fasttrack shapes your business and afterwards your business shapes you’

Establishing a business entity in UAE can be an attractive option for foreign investors. To date United Arab Emirates have been successful in attracting a large number of companies and foreign direct investment. In UAE, economic activity is regulated by individual emirates as well as the Federal Government. The authorities have deliberately sought to create an environment which is well ordered without being unduly restrictive. As a result, UAE offers businessmen operating condition that are most liberal and attractive in the region.

THE THREE MAJOR CLASS OF BUSINESS OPTION

1. A Free Zone Company
2. An offshore company
3. A main land company with the support of a UAE national

Investors can either register a new firm in the form of a Free Zone Establishment (FZE – with single shareholder) or a Free Zone Company ( FZC / FZ LLC – with more than one shareholders ) in a free zone or a Limited Liability Company in Main Land or an offshore company in one of the three jurisdiction in UAE. Similarly companies can also establish a branch or a representative office or a subsidiary company of their existing or parent company based within the UAE or abroad.

Free Zone Company

Free Zones (sometimes called a free economic zone, duty free zone, tax free zone, trade free zone or free trade zone) are geographically distinguished areas subject to laws and regulations different from the laws governing resident companies of UAE. Free Zones are insulated from the different laws governing the land of UAE. Allowing 100% foreign ownership is one of such deviations from laws governing UAE lands outside the Free Zones. The companies registered outside free zones allow only maximum 49% foreign ownership and at least 51% of the ownership has to be held by a UAE National. A Free Zone entity is also free from tax on corporate gains – usually guaranteed for 15 or 50 years. Each free zone has its own specific requirements regarding minimum office/warehouse space and permitted activities.

A company set up in any of the Free Zones in UAE gives you 100% ownership and enjoys 100 % tax free. There are various Free Zones in UAE like Ras Al Khaima Investment Authority, Jabel Ali Free Zone, Hamriyah Free Zone, Dubai Multi Commodity Centre, Dubai Air Port Free Zone, Sharjah Airport Free Zone etc.. The procedure and the cost for incorporating the company depend on the Free Zones you choose and the type of your activity. A Free Zone company will be restricted to do direct business with the UAE Local Market. However, direct business with Local Market can be made through a Distributer with 5 % duty applicable. There are no restrictions for a Free Zone company to do Business outside UAE and within the Free Zone. In a Free Zone, you can start the company as a Free Zone Establishment (single owner), Free Zone Company (more than one shareholder), Branch or Subsidiary of your existing foreign company.

Offshore Company

An Offshore company enjoys 100% ownership and is one which does not conduct substantial business in its country of incorporation and formulated in a law of no tax jurisdiction for the purpose of legally minimizing any type of tax payment. An offshore company can eliminate or minimize many type of tax payments such as capital gains, VAT, Profits on business earning and property sales. Basically, there will not be a physical office space for an offshore company and you will not be eligible for any visa under the company name. The company can be incorporated within 4-5 working days (if it is an UAE offshore company). An offshore company can open and operate multi-currency bank accounts in UAE.

Main Land Company

A main land business does not have any restriction in doing Business within UAE Local Market and outside UAE. The most common type of Business in Dubai Mainland is Limited Liability Company (LLC), wherein you enjoy 100 % tax free. However a UAE national’s participation with 51% of share is mandatory for an LLC. However, the complete managerial powers will be vested with the foreign national and the role of UAE National as a sponsor is very limited in the operations of the company. The UAE national is paid a lump sum fee every year and the fee depends upon the profile and status of the UAE National you choose.

A professional firm in a Main Land could avail 100% foreign ownership and may engage in professional activities including Management Consultancy, Educational Consultancy, Engineering Consultancy etc. A UAE national must be appointed as local service agent, but he has no direct involvement or shareholding in the business and is paid a lump sum fee on a yearly basis. The role of the local service agent is to assist in obtaining licenses, visas, labour cards, etc. For a main land company it is mandatory to have an office space in the commercial area approved by Municipality. A main land companied is benefited with 100 % tax free.

TYPES OF LEGAL BUSINESS STRUCTURES

A business shall be registered and licensed in UAE as a resident company in any of the following legal forms

  • Individual Establishment
  • Civil Company
  • General Partnership
  • Simple Limited Partnership
  • Joint Participation
  • Public Joint Stock Company
  • Private Joint Stock Company
  • Limited Liability Company
  • Partnership Limited with Shares
  • Branch of a Foreign Company
  • Branch of a UAE Company

BUSINESS LICENSES IN UAE

In the UAE, the business licenses are classified mainly into commercial, professional, industrial, agricultural, trade and tourism.

  • A Commercial License is issued to owners of companies or establishments which practice business in line with the definition of the term as provided for in Federal Law No.18, from 1993 regarding the promulgation of the Commercial Transactions Law.
  • A professional license is issued to the business dependent on intellectual abilities and talents.
  • An Industrial License is issued to owners of factories of all types.
  • An Agricultural License is issued to owners of farms of vegetable and / or animal and/or sea produce, which conduct processing activities for their products to sell for profit making.
  • A Trade License is issued to the tradesman who practices a trade whose revenues would accrue to him depending on his physical effort or with the assistance of certain tools and equipment, whether alone or with no more than five workers.
  • A Tourism license is issued to the owners of tourism facilities that undertake tourism activities and services such as, but not limited to: hotels, travel offices, tourist restaurants, tourist boats rental and floating restaurants.

Fasttrack helps you to shape your future business in Dubai guiding you in drafting business plan according to the costs, the goals, future expectations and market demand.

Fasttrack assists you securing office spaces, service agents and providing you PRO services.

TRANSLATION SERVICES

‘Fasttrack speaks your language’

If linguistic excellence is our core, our customers are our heart. Fasttrack handles languages with a personal touch because the past twenty-year experience has taught us that what matters is you by all means.

  • Professional legal a non-legal translations (European and extra-European Languages)
  • Interpreting
  • Commercial and legal contract drafting
  • Power of attorney and declaration drafting

VISA SERVICES

Fasttrack helps clients’ processing and transiting visa fastly, efficiently and accurately taking advantage of  e-services available among various governmental institutions.

At Fasttrack Tomorrow is now … Because nothing can be achieved if it hasn’t been done before

Expats require a residence visa to live in Dubai. While a residence visa is not the same as a work permit, it is usually sponsored by the company employing the expat. The residence visa is needed to open a bank account in the UAE, get a driving license and to register a car.

Contact Us

Oud Metha (Main Office)
Fast Track Business Center
Office No. 12 Sultan Business Center, Oud Metha Road, Dubai UAE. P.O. Box No.111313

Tel. + 971 4 334 4220
Fax + 971 4 334 4622
Email:
info@fasttrackdubai.ae

Dubai Mall Branch
Fast Track Business Center Dubai Mall
LG004 Lower Ground Level, Dubai Mall, Dubai, UAE
P.O. Box No.111313

Tel. + 971 4 32 53 664
Fax + 971 4 33 44 622
Email:
reception@fasttrackdubai.ae

 

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