Option trading articles dubai
Dubai is a city with a diverse and vibrant culture. Not only does Dubai have the infrastructure, services and people to support commercial success, it is universally recognised as offering one of the most business-friendly environments in the world. Dubai has built a position as a major commercial, industrial and trading hub in the region, and in order to maintain that position, particular attention has been paid to easing the process of setting up companies.
Depending on business objectives and the preferred shareholding structure, foreign investors have the option of setting up either in mainland Dubai, or in one of numerous industry-specific free zones. In the UAE mainland, the main limitation in setting up a limited liability company LLC for foreign investors is the foreign ownership restrictions. Another safeguard that can be provided to the foreign investor is contractual. Frequently, the foreign investor and the PSP enter into contracts generally referred to as side agreements, which facilitate a contractual relationship between the parties that safeguards the foreign investor to the maximum extent possible by law.
A major advantage option trading articles dubai having an LLC in mainland Dubai is that within mainland Dubai there are no territorial restrictions on the business activity or on the premises of the office, and there is no minimum capital requirement. Setting up a branch of a foreign company in mainland Dubai is another option available. A branch does not have an independent legal personality, being in the legal sense an extension of its parent company.
A branch can undertake all activities of its parent with the exception of trading in the UAE mainland. When setting up a branch, one needs to appoint what is known as a local service agent LSAwhich has to be a UAE national natural option trading articles dubai legal person.
The LSA has no role, interest or right in the business, or the assets of the branch. Normally, the LSA is paid option trading articles dubai annual fee for providing such services. Free zones act as a one-stop shop to facilitate the establishment of corporate entities and aiming to satisfy all their needs, from licensing and registration to labour and immigration, providing a business-friendly environment as option trading articles dubai as access to required services.
Across the UAE there are designated territorial areas that are considered distinct legal jurisdictions from the UAE government, allowing free zone jurisdictions to regulate, license and register corporate entities independently. Dubai boasts more than 30 free option trading articles dubai jurisdictions.
Additionally, free zone laws generally prescribe a guaranteed tax-free period of 50 years, customs duties do not apply where the imported goods are for the use of the company, and there are no restrictions on repatriation of capital and profits. The main restriction for a free zone entity is that it cannot conduct trading activity option trading articles dubai of the territorial limits of the free zone without appointing a Dubai mainland based commercial agent, and upon entry of goods into mainland Dubai, a customs duty will be applied.
Offshore companies are not regarded as operational entities, acting merely as holding companies. Option trading articles dubai key advantage of offshore companies is that they are quick to set up, there are no limitations on foreign ownership and there is no minimum option trading articles dubai capital requirement. A key limitation of offshore companies is that they cannot sponsor any employees. Thank you Thank you for your message.
Setting up in Dubai? April Not only does Dubai have the infrastructure, services and people to support commercial success, it is universally recognised as offering one of the most business-friendly environments in the world. Limited liability companies In the UAE mainland, the main limitation in setting up option trading articles dubai limited liability company LLC for foreign investors is the foreign ownership restrictions. Branch of a foreign company Setting up a branch of a foreign company in mainland Dubai is another option available.
The free zones Free zones act as a one-stop shop to facilitate the establishment of corporate entities and aiming to satisfy all their needs, from licensing and registration to labour and immigration, providing a business-friendly environment as well as access to required services.
Accordingly, the first step to getting started is to meet with the DWC Sales team and agree on the type, location and size of premises to be leased. There option trading articles dubai two registration options: Provided that the security checks have been cleared and the application fee and all supporting documentation are present and correct, the registration and licensing process can be completed within as little as 1 day. A Branch is a representative office of a option trading articles dubai entity which already exists outside option trading articles dubai the DWC Free Zone local or international.
A Branch does not have a separate legal personality, and it derives its power and authority from the parent entity. A Branch must have a General Manager who is responsible for the day-to-day option trading articles dubai of the Branch, but it will not have a board of directors or company secretary. A Branch must retain the same name as the parent entity and end with the designation Branch. A DWC limited liability company is a new option trading articles dubai entity with its own legal personality.
The liability of its option trading articles dubai shareholders is limited to the value of the share capital they hold in the company. Shareholders, Directors and the Company Secretary can option trading articles dubai located anywhere in the world.
If the capital is AED 1, or more, then a proof of capital is required. The consideration for which a share in a Free Zone Establishment is option trading articles dubai may take the form of cash or non cash consideration. The Branch must be immediately related to the existing entity. A Branch cannot undertake any business activity which the existing entity is not already authorised to undertake.
Commercial Licence — allows the holder to carry out specified commercial services including general trading and logistics services; Service Licence — allows the holder to carry out services specified in the Licence within the Option trading articles dubai Free Zone and elsewhere in the UAE; Industrial Licence — allows the holder to carry out specified light manufacturing activities; and Education Licence — allows the holder to carry out educational and social services, educational aid training, and educational consultancy services; Please refer to DWC Free Zone and Administration Rules and Regulations on this site under Commercial Business for a detailed description of these licences.
A trading activity and a service activity cannot be issued option trading articles dubai the same licence. Yes, in limited cases.
For example, a company with a service license could provide consultancy services to clients outside of the DWC Free Zone and a company providing logistics services under a commercial licence could pick up and deliver but not sell products within the UAE. However, trading activities under a commercial license only permit the holder to sell completed products in the UAE market through a local registered distributor or a commercial agent in the UAE.
Different restrictions apply on different licence categories. Leasing and investment activities are only permitted within DWC. DWC has a wide range of products from the business centre upward that will suit different types of business needs. To qualify for and to hold a licence, the applicant must be in possession of a valid lease for office space, warehouse space, or development land within the DWC Free Zone or have a service contract with the DWC Business Centre.
Only if a change in ownership triggered option trading articles dubai change of name, registered office or a change in the business activities of the parent entity would this need to be notified. The form for such changes can be found on this site under Commercial Business. A change in ownership must be notified to the Free Zone Administration Department. To confirm the transfer of shares from the original owner transferor to the new owner transfereethe following must be submitted along with a covering letter to the Free Zone Administration Department: Option trading articles dubai responsibility usually falls to the Company Secretary, although the Board of Directors can resolve to appoint an alternate person or professional third party, such as a lawyer, to handle the filing.
A change in ownership will have no legal effect until the Free Zone Register has been updated with the details option trading articles dubai the new owner, even if consideration has already been exchanged in respect of the transfer or sale of shares.
The fees for a change of ownership are currently AED 2, payable in advance. All amendments related to the licence i. We strongly recommend that professional advice is taken in respect of any share sale or transfer. The Board Resolution needs to confirm the names of the transferor and the transferee and the number of shares being option trading articles dubai or purchased, and refer to and approve the instrument of transfer i.
The Board Resolution also needs to instruct and authorise the Company Secretary or other third party to handle the filing and processing of the transfer with the Free Zone Administration Department.
If a transfer has been registered by the Free Zone Administration Department and pre-emption rights have not been followed, the transfer can be challenged by the existing shareholders lodging a complaint in writing with the Free Zone Administration Department.
The Amendments need to reflect the change of ownership of the company, stating the names, addresses and shareholding of all shareholders after the transfer. The Amendments must also be signed by each shareholder, confirming their agreement to the amended documents.
The Free Zone Administration Department will cancel the original share certificate and issue a new share certificate in the name of the new owner, and stamp and seal the Amendments to the Memorandum and Articles of Association. The change of ownership is legally effective as soon as the Free Zone Option trading articles dubai has been updated.
If the transferor is listed as an Officer of the company i. However, all amendments will be subject to review and approval of the Free Zone Administration Department, and this could delay the time it takes to process a registration.
Audited financial statements must be submitted annually. Notarisation authenticates option trading articles dubai that appear on a document. The Notary Public will insist on witnessing the signature and any supporting documents option trading articles dubai certify the identity of the signatory such as a passport. In the event that the document is being signed on behalf of a company, the Notary may need to see evidence that proves the individual signing is authorised to do so by the company.
Attestation can be best described as the process whereby a document is certified to give it legal standing internationally, which is why this process is also occasionally referred to as legalisation or an apostille. Please refer to the requirement checklist. We provide certified true copies of corporate documents eg.
Certificate of Incorporation, Trade Licence etc. We also provided confirmation of basic register information such as the name and address of the FZE, directors and other officers upon request of the FZE. However, we do not notarise Board Resolutions, Powers of Attorney or similar documents. A registered office can be a location anywhere in the world, however, it should be a location from which correspondence is easily retrieved. All correspondence delivered to a registered address will be deemed validly served and notified provided proof of delivery exists.
We accept documents and application forms completed in English or in Arabic only. The cost of first registration are included in the license option trading articles dubai please see below. The fees for all licences except General Trading are currently AED 10, per annum, per licence, payable in advance. All DWC Free Zone administration fees are payable in advance in accordance with the rates and option trading articles dubai set out in option trading articles dubai Tariff in force from time to time.
Payments option trading articles dubai be made in cash or cheque at the Free Zone Administration counter or by bank transfer in local currency to the following account: Sheikh Maktoum bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has issued the law number 4 for on levying an additional fee on each transaction at government, quasi-government or public entity.
The third article of the law provides for collecting an additional fee of 10 Dirhams, thereinafter called the 'Knowledge Dirham' for each transaction done at any public department of the emirate.
According to the law, proceedings from the 'Knowledge Dirham' fee option trading articles dubai be deposited in a special local bank account in the name of Dubai Executive Council. The Council, as per the law, shall allocate an annual budget to support social and cultural development initiatives based on the proceedings.
Emirates Post are offering P. Box services tailored to meet your needs. Please check their website http: However, there is a plan to open a branch within DWC in the near future. The closest is Jebel Ali Post Office which is open from 7: For all queries, you may contact the Call Centre on 5 from 7: You have to submit to Emirates Post a completed Corporate application form which can be downloaded from http: You can get the fee structure by calling the Emirates Post Call Centre, or visiting their option trading articles dubai or website http: No, we do not provide template employment contracts.
The terms and conditions of employment contracts are a matter of negotiation and agreement between the employer and the employee. Development Regulations and Guidelines are available here.
Thank you for visiting the Dubai South website. If you have any questions, would like to arrange a visit or speak with an executive, please use the form below to get in touch with us. Within UAE toll free: Kindly provide your information and we will attend your request within 2 working days.
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