All You Need To Know About Company Formation In RAK

Ras Al Khaimah is one of the fastest growing emirates in one of the fastest growing economies in the world, the United Arab Emirates. RAK, only 45 minutes from business hub Dubai, is fast becoming the investment destination of choice of investors from across the globe. Company formation in the RAK as an Investment Company or a Holding Company is an excellent long-term international trading solution that is highly regulated and reputable.

The benefits of Company formation in RAK:

• No Corporate Tax and No Income tax
• 100% ownership in Free Zones
•  No foreign exchange controls, trade barriers or quotas
• No restrictions on capital repatriation
•   Easy access to key decision makers
•  Liberal labour laws
• Low land and real estate cost
• Development of real estate, apartments, commercial complexes, marinas and golf course World class restaurants, beaches and tourist attractions  
• Sports facilities including golf, dune driving and sand skiing
• World class shopping malls
• Strong work ethics
• World-class international schools and colleges
• Excellent facilities for leisure, sports, shopping and healthcare
• Progressive, tolerant and multicultural society
• Stable economy with relatively low volatility
• Continuous political stability since its inception
• Zero crime rate

As per my research, I found a consultancy that is Jitendragroup of a company which providing best services since 2001 for Company Formation in UAE and many more. To know more about Jitendragroup of company, you can visit their website http://www.jitendragroup.ae  and hire their expert team.

Ideal for new business startups in Jebel Ali Free zone

If location is a vital element of successful international trading, then the setting up or expansion of a business into the United Arab Emirates (UAE) is surely the best of moves, especially if your customers and clients lie both to the east and west – think Asian and European markets, with you and your business placed smack in the middle!

There are many great benefits of Business Set-Up in  UAE  Free Zone. However, you cannot set up a business within the local market without partnering with a UAE national. And even if you do so, i.e. in association with a UAE national, you as a foreigner will only ever be allowed to own up to 49% of the business. That’s the way UAE law operates. There’s nothing you can do about it.

Company Formation in Jebel Ali Free Zone is a whole different ball game, with each aimed at a particular business sector. There are dozens of them spread across the seven emirates which make up the UAE. For informational purposes, the seven UAE emirates are Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain. The capital of the UAE is Abu Dhabi city, which is located within the Emirate of Abu Dhabi (the emirate’s official name).

Free zone benefits are eye-catching to say the least. Personal or corporate income is not subject to taxation in the UAE. However, bear in mind that Dubai, for example, charges a municipal tax on property rentals. A number of free zones are aimed at encouraging investment, with all offering complete tax free incentives of anything up to fifty years. Other free zone benefits include no foreign exchange controls and no trade barriers or quotas; competitive import duties (4% with many exemptions); competitive energy and real estate costs; and competitive financing costs and high levels of liquidity. Sounds more and more like the ideal place to do business!

And there’s more. Maybe you want to get a business up and running quickly, perhaps within days as opposed to weeks and months, but without the headache usually associated with red tape, regulation and paperwork – even when all of that bureaucracy has been cut down literally to the bare bones, as is the case within the UAE. Then leave everything in the hands of a professional company filled with experts who know the UAE business scene inside out. It’ll cost, of course, but you won’t have the headache.

Article Sources: http://www.triplepundit.com/podium/uae-free-zones-ideal-location-new-business-start-ups/

Process for Trademark Registration in UAE

The United Arab Emirates (UAE) is one of the largest business hubs in the world. If you live there it's imperative that you register your business trademark to not only legally protect your brand and intellectual property, but to also differentiate yourself from the competition.

What Is A Trademark?

The UAE Federal Law No (37) of 1992 defines a trademark as any distinguished form of words, signatures, graphics, titles, seals, announcements, pictures, letters, figures, marks or group of marks that are intended to be used in distinguishing goods, products, and services.

When you register your trademark in the UAE you will be registering it in the seven states: Dubai, Ras Al Khaimah, Abu Dhabi, Ajman, Umm Al Quwain, Sharjah, and Fujairah.

How To Register Your Trademark In UAE

The ministry of economy is the one that is responsible for registering your trademark. When you visit the ministry you will find the UAE trademarks office where everything will be handled.

The first step to getting the trademark registration in UAE  is search where the office will run a search on your trademark to ensure that there is no dispute associated with it. You should note that you have to pay $270 and the pre-filling search report will be delivered in your email in 15 working days.

Once everything is okay, you will progress with the registration where you need to apply for registration. When sending your application. it has to be accompanied with these documents:

A Power of attorney (PoA): which has been notarized by the Notary public and legalized up to the consulate.

Registration order form: this is a form that is usually provided by Kaizen. You should fill and send it together with your application.

Soft copy: in addition to sending your trademark in hardcopy format, you should also send it in softcopy. The ministry requires that it should be in JPEG format.

ID card: this is to proof your identity.

Priority application: if you want your application to be given priority you should attach a certified copy of the application.

Points To Note

When sending your application you need to pay the registration fee which is usually $1,620. This fee covers the service that you will be offered and the official filing fees.

While you can undergo the registration hustle on your own, if you have money you can always hire advisors to handle the entire process for you. The cool thing with working with advisors is that they are knowledgeable thus will be through with the process within a very short time. Also, once you pay the advisor's fee, you only need to sit back and wait for registration to take place.

Are you planning of registering a trademark in UAE and don't know how to go about it? We provide TrademarkRegistration in Dubai at a small fee. We also offer Trademark Registration in Oman; therefore, if you live in this area you should go ahead and contact us.

Article Sources: http://ezinearticles.com/?Understanding-How-To-Register-A-Trademark-In-UAE&id=9202019

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Step by step Process to Set up Business in UAE

1. The first step – Choosing the right consulting partner

Planning and setting up a new business or business expansion is exciting but sometimes daunting. In the United Arab Emirates Jitendra Group has been instrumental in providing all the support and advice you need – and more.

We made it relaxing and much easier by reducing paperwork that means you can begin trading sooner than ever.

Jitendra Consulting Group (JCG), a well-established network of business consultants based out of Dubai, helps you set up, market and manage your company in the UAE. Our experienced team of professionals can help you start your business anywhere in UAE be it the Mainland, Free Zone or Offshore.

2. Choosing Business Types and Business Activities

Carefully choose the type of business and its activities, it has to be in the right legal form and strategically located. JCG will guide you through each step and give expert advice on legal matters, business plans, location selection, entity, ownership, banking and much more besides.

Primarily the Businesses falls into either of these three categories:

• Industrial – Clearly means all manufacturing businesses or operations involving processing goods or packaging products or any other value addition in a premises and making the product ready for sale.
• Commercial – Businesses trading in goods or services to the public such as retail sales, wholesale etc.
• Professional – personally offered high-value services such as management consultancy or public relations

Clarity on all of the business activities is important, as some companies undertake several activities under one business license.

3. Choosing the Legal Form for Business

Choosing the correct business form is important depending upon business activities and the partnership pattern etc.

The UAE offers a wide and flexible range of legal forms to help you choose the one that is right for your business.

These includes

• Individual Establishment
• Civil Company
• Limited Liability Company
• Private Shareholding Company
• Public Shareholding Company
• Simple Limited Partnership
• Partnership Company
• Branch of Foreign Company
• Branch of a Civil Company
• Branch of Dubai Based Company
• Branch of U.A.E. Based Company
• Branch of GCC Company
• Branch of a Freezone Company
• Intelaq (UAE Nationals Only)

4. Choosing Business Location

You must have heard about many different locations and their benefits in the functioning of your business. Selection of the correct location for your company can be critical to your success. UAE’s free zones, various mainland and cluster options offer distinct advantages based on your business type and activities.

For example, Dubai Mainland offers the best business locations in the world, ranging from Sheikh Zayed Road, Downtown Dubai, world’s tallest building, to the smaller shops, and massive malls.

Now if you choose Doing Business in UAE mainland, you will need to register with the Dubai Department of Economic Development, who will issue you with a Dubai business license.

Similarly the specialist free zones may be a better fit for your business.

Dubai has more than 20 free zones, including Media City, Dubai International Financial Centre, Dubai Airport Free zone and Jebel Ali Free zone, one of the largest ports in the world and home to 6,400 companies.

Every free zone has its own unique advantage and is controlled by its own licensing body that needs to be contacted directly for the licensing process.

5. Deciding Ownership Rights

Ownership rights can differ, depending on the type of business and business activities and the location of your business.

For help on business ownership rules for each of the various legal business forms see Ownership Rules for Business Partners.

There seems a big difference between Dubai mainland versus free zones when it comes to ownership rights. However, business ownership and operational control are two separate matters.

In reality UAE nationals and their overseas partners can agree between themselves how profits can be shared and how business decisions are ultimately made.

This means even if overseas business owners Business set up  in UAE mainland, they will still have a full control of their business operations.

6. Search, apply and get trade name of the Company

This aspect can be taken care by JCG’s trained professionals to help you with availability of names in any zone and getting you your desired name.

7. Submit the documents for initial approval certificate

Once the name is finalized the file is then submitted to the IAC, initial approval certificate, this process will take two days meantime JCG professionals will prepare memorandum for your entity.

8. Prepare memorandum

Preparing memorandum in the UAE requires utmost understanding of the legalities of GCC countries and mapping your business requirements into the memo covering all important aspects and enhancing the future potential of your business.

9. Apply and get various licencing approvals

Then we need to submit out the completed file with all the documents duly checked to the authority office and wait for their clearances, normally this will take 7-10 days.

10. Collect business license

Good to go!

Blog Sources: http://www.samsungodwin.com/blog/2015/12/16/step-by-step-process-to-setup-business-in-uae/

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