Wednesday, March 30, 2011

Why do you need the services of translation agencies?


Translation can be defined as the expression of words from one language to another in order to make it readable for target audience. Translation is principally the understanding of the implication of a transcript and the resulting creation of related content that conveys the similar message in another language. Today, with the growing modern age technologies such as the internet and other web based tools, professional translation has become a much easier task.

Dubai has become one of the most sought after business destination as it is one of the most developed nations in the UAE. Due to globalization, it has become mandatory to understand various cultures and the local tradition for any business venture. For this , you need expert services who can help you reach the largest customer base especially in Dubai. The offshore companies might find it difficult to know the pulse of market and also to administer remotely if they are nit well versed with the local policies and procedures to the minutest details. That is when you require a translation agency’s services in Dubai. A good translation company can provide you with quality services whether it is a given document or web content. The result would be according to the customer’s requirement and confidentiality would be assured. The translators are usually skilled in various fields such as health science, technologies, social and civil awareness, law and many more. They translate and rewrite the content with proper usage of all essentials of the language.

The major role played by the translation agency in business is to provide proficiency combined with privacy of information while translating legal documents. Translators who provide legal translation in Dubai are proficient in legal vocabulary and have a complete knowledge of law and legal systems of Dubai as well as any other country in the UAE. These translators are specialists in business communication and marketing strategies thereby, boosting the growth and expansion of the company.

Several translation agencies have professionals with outstanding knowledge in subject matters and in languages translation. A good legal translation agency guarantees that language errors don’t occur while translating an important document. It is a basic requirement to know how to interpret certain words and expressions so that they do not lose their implication during translation.

There are many legal translation agencies in Dubai that offer editing services beside business communication services for the benefit of clients whether corporate or individual. These companies have extensive knowledge of the strategy, rules or laws that are applicable within UAE. Thus they can provide robust support for the clients who incorporate businesses in Dubai

What kind of services does translation agencies offer?


You may find many companies in Dubai offering legal translation services. These services are aimed at helping to promote multilingual comprehension and understanding of cultures. This becomes a very important while working with people from across the globe. When an international business house decides to set up an offshore company in Dubai, it has to follow rules and fulfill a series of procedures to complete the process of business incorporation. The company may hire a business consultant specialized in these tasks. The legal documents have to be translated into Arabic or the native language of the business investor and vice versa.
The services offered by these translation agencies include the translation of various documents. These documents could be general documents, technical documents, sector specific documents or legal documents. Most of the translation agencies offer services in many languages such as Japanese, Russian and Arabic.

Besides providing translation services for documents, they also provide translators for verbal communication between parties engaging in business. Businesses may have meetings either in person or via teleconferencing methods. These meetings may also need translation services which are provided by interpreters. Interpreters may be engaged through the translation agency directly or through your business consultant. The representatives of companies engaging in business can easily communicate with the help of a language interpreter.

The translation agency also offers Transcription services which include creation of written documents based on audio files. These services may be performed based on video files as well. Many companies may utilize these transcription services for interpreting interviews, meetings & conferences .The source could be from a recording by a legal or a business consultant firm or the investor’s representative.

To boost the success of communication thereby ensuring a better understanding between people of different countries and cultural backgrounds, one must understand the other. This can be accomplished by taking part in intercultural awareness training. This training can help businesses develop better relationship with each other. The awareness about each other's culture and tradition will certainly aid in all facets of communication because it will lessen the possibility of unknowingly insulting others.

Some translation agencies also offer assistance on website content translation as well as desktop publishing. Website translation helps communicate with potential customers and clients at various locations worldwide. Developing the content of a website which can be read in a person's native language will help to increase the customer base and website popularity. Using desktop publishing, flyers, brochures, and banners, may also be translated.

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Role of Dubai consultants in company formation


Before planning to start a business in Dubai you should consider the following factors. If you are not sure about doing these tasks yourself, then the best solution will be to engage a professional business consultant to perform these procedures for you. If you are a foreign investor or an entrepreneur looking for an offshore company formation location and set up in Dubai or anywhere in the UAE, a business consultant can assist you with the whole process involved in UAE business formation from providing right choice of locations to post set up requirements. Jumeira consultants offer all the necessary help and support in a Dubai business incorporation process professionally and cost effectively.

The factors to be considered before company formation in UAE are
  1. You should have a good knowledge of the region.  Carry out an extensive research into the business sector you wish to operate locally. You must have a feasible business plan, which includes a thorough analysis of the market scenario, your possible competitors, your business prospects and expected profits. You have to arrange for investment and funding through your own resources or your bank .It is better to opt for any other means than applying for a loan locally, specifically, if you’re new to the region and does not hold a track record. A credible and efficient plan might catch the attention of local or government support.
  2. According to the law, you need to have a local partner who holds the majority share, and thereby has the control over the business .The local partner can be a company or an individual and they don’t have to contribute to the initial investment. The partner can be compensated as part of a mutual contract. This requirement is presently being reviewed to encourage foreign investment.
  3. After you register your business, you must prove to the Ministry of Commerce that you have a considerable sum of money to invest in the company. The required sum differs among the states. In most cases, it has been set between $10,000/£6,500 and $50,000/£33,500 and this amount is regarded as a guarantee against liabilities.
The company formation procedure is difficult and financially risky. Local knowledge plays a crucial role in the whole process. You must also consult a legal expert to know the intricacies of the regulations and laws. An experienced consultant will guide you through the registration complications and the help is vital for protecting your business interests. Whether your business is small or large you need to put everything in place legally to avoid any future trouble due to irregularities in documentation. To overcome all these initial difficulties and to have a trouble free business registration in UAE you may need a professional business consultant’s help. We, at Jumeira offer end-to-end business consultancy services covering all your business formation needs.

Jumeira’s Business Consultancy Services


Jumeira consultants offer professional, cost-effective business consulting services that include Business set-up in Free Trade Zones, Company Formation Procedures, Trademark Registration, Logo Registration and Liquidation of Companies.

Jumeira also makes arrangement for Business Finance, Preliminary preparations for business set up, Legal and Financial assistance, Operational Planning and construction of strategies, Equipment and personnel staffing for setting up business in UAE. We, at Jumeira Consultancy are highly regarded for our efficient and strategic approach in completing the licensing procedures and obtaining licenses.

We, at Jumeira we provide complete information on rules, regulations, advantages and disadvantages of company formation in UAE. There is no taxation levied on capital and profits, easily convertible currency, full return of capital and profits, no foreign exchange limitations, quicker business set up and assured economic growth are some of the key benefits for which foreign investors opt for Dubai business incorporation.
Our array of Business Formation Services includes carrying out procedures for Commercial Licenses issued for Trading business, Professional Licenses that are issued for craftsmen and artisans. Other licenses are Industrial Licenses for establishing industrial or manufacturing activity. We promptly complete the required documentation to the Dubai Economic Department which is the authority to issue these licenses.
Jumeira consultants provide trouble free legal and documentation services at reasonable pricing. Companies opting for Free Trade zones are exempted from legal expenditure and are asked to deposit a nominal registration fee that is as low as 5,000 Dirham currently.


Business formation as an LLC is a most common form of UAE company incorporation procedure. Clients can obtain a UAE trade license from the government. Along with trade license client can obtain local visas, office premises on lease and they can open a local corporate bank account in UAE. Industry License is necessary for establishing industrial or manufacturing Business which is issued by the UAE Economic Department.

Jumeira can provide all the necessary support and assistance regarding company formation in Dubai or anywhere in UAE. Without physically present in UAE, you can set up a business as our expert services are methodical to ensure that no errors occur.

Our multi-professional business formation assistance team delivers a combination of business advisory and consulting services, transaction support and project management support for internal investments.
Our expert consultants guide foreign investors at the pre-investment stage by providing advice on entity formation and ensuring regulatory compliances. We also assist in location planning, real estate support and personnel recruitment to save resources and time. Post the business incorporation; we also assist the client in local routine tasks in the initial stages of business operations as it is an unfamiliar location for them.
Thus, by our expertise proven methods in offering services allow the client to save management time in dealing with regulations, customs, business practices, operational issues, etc.

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Dubai trade mark registrations


There are many steps involved in a company formation process. Initially, you must decide on a company name and register it. Once your business is set-up, you have to design a logo for the company. Another key aspect is the registration process for your company's trademark.
A trademark is a form of intellectual property that is valuable. Trademarks are unique indicators that all businesses or legal entities require to make their consumers identify their products or services. A trademark enables a company to distinguish its specific products or services from others. It may contain a word, a name, phrase, logo, design, symbol, image or a combination of two of these components or more.
Trademarks are important because they provide exclusive right to the owner to use, promote their products and services while distinguishing their products from others in the market. The owner can also authorize another business to use the trademark in return for payment. Trademarks can become a very effective and efficient marketing tool for new entrepreneurs who wish to make their presence in the market and establish themselves as a highly regarded company. Moreover, trademarks can help you increase your publicity in the marketplace and set you apart among your competitors. If you have registered your trademark, you can track any trademark infringement which means you can sue the company that uses your trademark logo or any component without authorized permission. Lastly, trademarks are intangible assets that can tremendously increase the value of your business in case of resale at a later point of time.
When you register your trademark in the UAE, you have to register it in all the seven states of Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain.
The procedure to register your trademark
Jumeira consultants specialize in fulfilling all the legal requisites related to UAE business formation. Our in-house legal experts and business consulting professionals have the adequate level of expertise to execute the trademark registration process accurately and to ensure clients get the best possible results.
1. Jumeira consultants conduct comprehensive research to make sure that there is no conflict associated with your proposed trademark. We use the best approach to register your trademark to increase the chance of a successful implementation of your trademark.
2. Jumeira works closely with every client and the UAE Trademarks Office, to ensure your trademark is registered accurately, reflecting the nature of goods and services you offer to customers. We ensure you apply for the correct trademark category and your trademark represents the category specific goods or services. You may have to pay a certain amount towards application and registration process to the concerned authorities.
3. Once your application is submitted, your trademark will be advertised in official trademark journals by the UAE Trade mark authority. You must have paid your publication fees prior to this. According to the revised new rules, applicants will have a 30 day period to pay publication fees and if they fail to do so, the trademark application will become invalid.
4. The registration process will begin if there are no objections raised after the publication. On an average it takes 18-24 months to complete the trademark registration process. The registration is valid ten years. Beyond that, it may be renewed for a subsequent ten years.

Jumeira - Company formation Experts


Setting up a business in Dubai or the UAE requires detailed analysis of the market and the procedures that have to be followed in the company formation process. A business consultant can easily assist you with this because they are well aware and knowledgeable about Dubai company formation or anywhere in the UAE for both individuals and corporate clients. Their expertise in performing market analysis, devising corporate structures, business plans, conducting feasibility studies and perfect legal documentation skills for approval from the authorities assist you to successfully proceed with UAE company incorporation. Jumeira Consultants are one such Successful premier company formation consultants who offer end-to-end solutions for your business set up in Dubai or anywhere in UAE.
In Dubai and the UAE the rules and regulations are modified periodically. We are always in-line with the socio-economic policies in the UAE and plan your business set up according to the changes made in the policies.
Corporate and Entrepreneurs wish to expand their business ventures across the world for better prospects. UAE is one of the most conducive destinations for business incorporation due to the numerous benefits it offers such as tax benefits and world class infrastructure and political – economical stability.
There are many sectors that are flourishing in the UAE that include Oil, gas and energy, Real Estate, tourism , investment, finance and banking. Jumeira consultants can help you start up your business in Dubai and UAE in any of the above mentioned industries. From offering the best choice of location and the type of incorporation such as a LLC or Professional Company or a free trade zone to obtaining professional license, foreign branch office and franchise , Jumeira can provide you with valuable suggestions and assistance. Since we work with reputable clients and investors, we can also help you with funding and financial assistance.
There are numerous reasons for which you can open up a business entity in Dubai or UAE. By taking the advantage of excellent economic growth in Dubai and the UAE you can save on taxes, enjoy complete ownership in case of a free trade zone company and make use of the state-of-the-art infrastructure. Statistics show that the GDP will be $54,500 [AED 200,015] per capita (Economist Intelligence Unit) by 2011. This growth rate can be capitalized by starting your operations in Dubai or UAE. We provide you with all the detailed reports of your business forecast enabling you to make appropriate decisions.
We are authorized and registered agents with the Government of Dubai. Apart from that we are also the authorized agents of Ras Al Kahima for the incorporation of offshore companies. We are also registered agents for Jebel Ali Free Zone Authority and work with many of the 39 free zone authorities throughout the UAE

Role of a Business Advisor


A business advisor helps support new and existing businesses. They can provide the expertise and knowledge that is needed to clarify business ideas, point out relevant facts and legalities, and assist the client decide if a business plan is viable.

The primary task of a business advisor is to provide advice and support to a start up business, which is very important to its survival and success, especially in the beginning of development. At this stage the business is at risk of losing a sense of proportion. Essentially, a business advisor is impartial and objective in approach, and can help to obtain a more realistic assessment of the prospects for the business. An advisor can guide a business find its own solutions as they can predict the potential risks involved. They can help the prospective entrepreneur gain the necessary skills and confidence to go about with the business. The experience of a business advisor can be applied to most clients’ situations, especially knowledge of the local area, personal contacts, key business markets and the status of the local and global economy. For instance, a start up business may not have any previous management experience. A business consultant or an advisor can draw a successful business plan using proven tools and methods of business analysis.

Key areas of business consulting includes finance and accounting, legal requirements, personnel management, designing and developing business identity and products, utilizing new technologies and traditional methods for popularizing services or products, exporting goods and services, environmental management, marketing and sales. A business advisor generally can access numerous resources such as loans acquisition , authorities providing legal approval , training on specific functions or products and many more.

The Business Advisor usually has to gain an overall understanding of the firm being planned or started. This includes getting acquainted with the type of business, types of products and services, capital structure, related parties, and compensation methods. He should also consider the factors affecting the industry in which the business entity operates, such as economic conditions, government regulations, and technological advancements. During the analysis, such information helps the business advisor to
1. Identify the areas that may need specific attention.
2. Assess conditions under which market analysis is performed and reviewed
3. Evaluate estimates for expected profits, such as valuation of assets, profits based on markets, boosting up revenues by marketing and sales activities and so on.
4. Evaluate the present management policies and suggest proactive changes
5. Make conclusive decisions based on the applied techniques
Knowledge of the business is generally gained through experience through the company or the concerned industry through consultation with the personnel of the entity. Other sources include industry publications, financial statements of other organizations in the industry, textbooks, periodicals, and knowledgeable experts in the industry.

How Business consultants in Dubai may help you?


In reality, both local and foreign investors have taken advantage of a business consultant’s expertise and knowledge about the UAE market scenario to operate their business through incorporation of an offshore company. This way the investors and entrepreneurs benefit with a problem free investment and funding .Since it is likely that you may not know about the local market and rules and regulations, you might want an expert to help you go about with the whole process. These specialized business consultants have the knowledge on how the market operates, the local economy, process and procedures for a business set up and the documentation involved. If you hire one of those business consultants you can save a lot of time. This article is to introduce you to the business consultants in Dubai and how they assist you with your offshore business formation.
Their services include
Market analysis and research: To find the suitable market for your products and services. Also find suitable shareholders, partners if you are looking for joint venture company incorporation.
Categorizing your requirements: This step is to build a corporate structure for your business according to the UAE trade laws, so that you may not face any difficulty in legal incorporation or finance. They also suggest you whether to start up an operation in UAE or in any of the free zones as per your requirements and mode of business.
Company Registration: Business consultants take care of all the company registration forms such as form filling, filing and getting them sealed and signed by the authorities concerned.
Financial assistance: The consultants can help you with a suitable funding or investment options .It could be a bank loan or joint partnership suitable to your financial needs.
Set up assistance: Apart from all the above mentioned services they also assist you with the office set up such as office premises lease, phone lines, company website development, marketing plans, personnel visas, accommodation, opening offshore bank accounts and many more.
It will be a wise decision to hire an experienced business consultant in Dubai if you are planning to set up an offshore company as it will save your time and costs. These businesses usually require a fee for incorporation that can be anywhere around USD 5000.After the payment the offshore company becomes liable for the Dubai government‘s annual renewal costs currently in the bracket of USD 2500.  There are many documents that have to be submitted for incorporation procedure to take place. These documents include power of attorney for any intermediary, in this case a registered and authorized business consultant to act on the company owner’s behalf, registration forms, bank references, CVs of the appointed directors and passport copies, visa documents and photographs. An experienced business consultant in Dubai can carry out these incorporation procedures with ease.

Offshore Companies in UAE


Dubai is one of the most popular locations for the incorporation of offshore companies dubai thanks to the ‘tax free’ policies of the emirates.
This jurisdiction is popular because, Dubai has not signed any exchange of information agreements thereby assuring high levels of security, privacy and asset protection. Any offshore company can enjoy all these benefits if it is properly incorporated anywhere in the UAE or specifically in Dubai.
Apart from banks and oil companies operating out of Dubai, all other companies are exempted paying corporate income taxes and are allowed to import many goods without tax .They also enjoy the benefit of paying only the average import duties on all other goods which has been standardized at just 4%.  This makes the incorporation of a company in Dubai an ideal option for tax saving.
Further, there are no exchange of information programs in existence between Dubai and any other nation. Therefore no taxation gain can be derived from such action, and anyone who wishes to maintain high levels of personal and professional privacy can utilize this facility by incorporating an offshore company .Incorporating an offshore company requires opening a bank account in Dubai to handle the transaction needs.
An offshore company in UAE can be very beneficial as you can own assets privately via the company structure, including property in Dubai. You can also legally avoid having to pay certain types of taxation on profits and income.
In addition to these aspects such as benefits and advantages of incorporating an offshore company in Dubai or anywhere in UAE for that matter, an interested party may like to take into account that there is no necessity of maintaining a public record of a company’s directors or shareholders in Dubai .Since there is not taxation department, personal and business activities of the company’s key investors, shareholders and personnel remain private in UAE.
Those who wish to incorporate and then operate an offshore bank account in Dubai may do so and they will benefit from the highly refined banking systems in the UAE. Additionally, Dubai’s legislation protects the privacy of investors and account holders.
In conclusion, if you are planning to establish an offshore company in UAE or Dubai there are, a number of business consultants in Dubai who can carry out all the necessary steps towards incorporation of a company anywhere in the UAE .By hiring one of those business consultants, you can avoid having to actually travel to the emirate to set up the company. 

Joint Venture Company formation in Dubai


According to the article 56 of the UAE Federal Law No 8, Joint venture is a way of company formation UAE that includes two or more partners for carrying out a single or multiple businesses by one of the partners in his own personal name. A joint venture is a contractual agreement between a foreign party and a local party licensed to operate in the desired commercial activity. The local equity participation in the joint venture must be at least 51 percent, but the profit and loss distribution can be prescribed.

There is no requirement for a license of the joint venture or publish the agreement. The foreign partner deals with third parties under the name of the local partner who partially owns the joint venture. He also bears all liability. In practice, joint ventures are seen as offering a suitable structure and environment for companies that work together on specific projects.
A joint venture is an effective way to broaden your customer base for an affordable investment. Joint venture allows two or more companies to benefit from one another, in terms of customers, sales and profits.

Despite the popularity of JV partnerships, many business owners are still unsure of what a joint venture partnership looks like. This article will discuss about the JV partnership in detail.
Choose the right partner for your joint venture

Related Companies come together and form joint ventures if they offer related but different products or services. It is very important to find a company that caters similar customer base so that you can build your product together without competing with each other. Consider the industry you are in, and then find other opportunities within the industry that offer products or services that are totally vary from the ones you offer. Such a company will be ideal for a joint venture.


An agreement based on contract

Once you have decided upon a JV partner to work with, it is important to design a contractual agreement that will unite both companies to the terms and conditions of the partnership. Make sure the terms are clearly mentioned and defined, including the duration of time that the partnership will remain in existence. It should also elaborate on the sharing of the profits. Both parties should sign the agreement and save a copy for their records.

Goal of the JV

JV partners usually share a common goal for their partnership that involves tapping of customers to promote sales. The goals of the partnership should be the same and each party should have a thorough knowledge and understanding of how their individual activities and plans contribute to the goal of the partnership.

Shared Profits and common Management
In most cases, a joint venture will assure shared profits and individual control over the partnership. To reach this decision of sharing, it is important to have accurate accounting practices in the JV Company to account for the profits achieved through the joint venture. The contract should also state the responsibilities of each partner in managing the partnership company. Usually these responsibilities are shared equally among both the parties. With a common goal, it is much easier to track the success of the partnership through the shared profits and losses and accounts.

A joint venture can have many beneficial aspects based on what the partners want to achieve. However, most JV's will consist of these common components if they are to be fair and successful for all businesses and partners involved. If you are planning for an offshore joint venture you may need an experienced consultant’s help whether it is to chose your JV partner, or set up a JV company or the accounts maintenance and auditing. UAE is one of the most popular destinations for joint venture companies and especially Dubai has a lot of facilities that make it suitable for Joint venture company formation. There are many professional business consultants who can help you with the whole process of joint venture company formation in Dubai.

Offshore Banking in Dubai


Dubai is one of the ideal places to set up a business or to look for individual business opportunities. If you are planning either of these, then you may have to open a bank account in Dubai for your transaction needs. Unlike most other countries, it is a simple procedure in Dubai. All you need are a few documents and proofs.
Operating an offshore bank account is simply carrying out your banking activities in a location other than the one in which you live. Individual and corporate account holders may have different reasons for opening an offshore bank account .Most general and popular reasons being tax saving requirements and multi currency loan requirements.
Another common reason for operating and offshore bank account is the flexibility that accompanies such an account and expatriates can benefit in a huge way from an offshore bank account as allows them to manage their international financial commitments easily. The latest free zone, Dubai International Financial Centre (DIFC) is flexible and unlimited offshore banking will become much easier.
Many large banks have offices in Dubai .All the banking activities in Dubai are regulated by UAE Central Bank and they impose many restrictions on foreign banks. Some of the restrictions are
a) Foreign banks are not allowed to have more than 8 branches
b) Any commercial bank operating in Dubai must have capital available of at least Dh 40 million. .
As the DIFC free trade zone will be governed by an independent regulatory authority, it assures financial sector organizations, more legal independence and fewer trade restrictions will be implemented on banking and financial institutions. Many financial institutions are to be granted licenses to trade within the zone and the DIFC will attract many companies in the financial sectors worldwide to promote offshore banking.
The offshore banking facilities in Dubai free zones have comprehensive laws to ensure transparency and to avoid money laundering .The laws also cover international economy compliance factors .The free trade zone is basically being designed to allow financial institutions to work and grow without limitations and restrictions such as taxation burdens, reporting requirements and stringent laws and rules.  The offshore banking sector in Dubai has already seen a growth in bank deposits following the introduction of the EU Savings Tax Directive. Many of the more traditional offshore centers do not offer many incentives to the banking sector as much as in Dubai .So it is becoming one of the most popular destinations for offshore banking.

Chartered Accountants in Dubai


Today, the services of auditors are required all around the world to run a safe business. Internal audits are a mandatory integral part of a business. Internal audits have to perform a self evaluation procedure as in how an organization works, its processes and the risk involved that may affect the business. Dubai based Chartered accountants who specialize in auditing have worked across various industries and have a vast knowledge of all the business functions. They possess a comprehensive and complete overview of the organization they work with.
Here are few basic functions that are performed by Chartered Accountants in Dubai

1. Dealing the Risk Factor
In every organization there is always a possibility for undesirable outcomes and situations. The Chartered Accountants are well aware of their responsibility to help organizations in becoming proactive and identify the risk. With their vast research capabilities and knowledge of the market and the company scenario they can understand and analyze the trends and find solutions for the risks. By using their extensive experience and ability to evaluate the situations they can predict the risks that may affect the business and opportunities that can benefit business easily. By hiring a chartered accountant in Dubai, you can be free of the difficulties you face in maintaining the records and accounts of your business and streamlining the auditing process for the authorities you are answerable to.

2. Reports and document Submissions
 Accountants maintain records and reports that deal with the company operations. They help you make the best decisions in view of the company’s benefit, thereby ensuring a positive out come of any business venture. They prepare themselves with the complete knowledge about the company and its operations and dealings so that they are able to identify the limitations and focus on scope for improvement. They put to use their findings and the proven methods to make the business grow better.

3. Identifying malpractice and fraud

Being free of malpractice and fraud is very important for a business and especially for and offshore company. It is common practice for the companies to trust their employees completely. Professional accountants and related agencies can also investigate employee behavior and discover malpractices .So it is safe to seek the assistance of a chartered accountant in this regard. If an employee is disloyal, they can prove harmful for the company. Auditors make sure that such employees are detected and dismissed before they cause further damage to the business and reputation.

4. Risk Analysis and Crisis Planning
Additional to identifying the risks, Chartered accountants also help with planning for an emergency and solutions to resolve the situation. For instance they can suggest you a low cost process instead of a tedious and expensive one to overcome increasing costs in a manufacturing company. They can help you device the best possible ways to cut costs and increase production economically. They may also help you in marketing and maintaining the production – sales balance.

For business hubs such as Dubai, it is indeed a best option to seek the assistance of a professional Chartered Accountant to improve your business and flourish.

Setting up a business at Free Trade Zone in Dubai


What is a free zone?

Free zone is a segment of well defined and separated setting and infrastructure, with special tax schemes, customs and imports regime, usually beneficial for foreign investors to expand their business by setting up operation centers in these zones.

The primary reason for establishing free zones in the UAE was to serve as a central business hub for companies that intend to establish business for overseas operations and not specifically in the UAE. Companies in the UAE free zones are allowed to operate among the free zone companies for their worldwide operations and are not licensed to operate in the rest of the UAE.

Advantages of a Free Zone

  • No taxes on personal gain or capital gains in the UAE
  • 100% foreign ownership of the business
  • No corporate taxes for a considerable period
  • Complete repatriation of capital and profits
  • Modern infrastructure and facilities
  • No currency restrictions
  • Excellent support and consultant services
Facilities available in the free zone
  • Land and office premises available on lease for investor development
  • Readily built warehouse , factory units and office premises for lease
  • Executive office suites
  • On-site accommodation for  personnel of the investor
  • Transportation links by air, by sea and by road
  • Abundant energy at low costs
  • Low cost of living and High Standards

How to set up a business in a Dubai free zone?

Each free zone has its own set of laws. You can set up a business in the following ways.
  • Branch of a foreign company that is outside of the UAE or a branch of an offshore company
  • Free Zone Establishment/Company .FZE or FZC are limited liability companies owned by an individual or a corporate. Free Zone Establishment has only one shareholder. Free Zone Company can have 2 to 5 shareholders. Free Zone Limited Liability Company is an independent company incorporated by an individual and all the shareholders are natural persons. Free Zone Limited Liability Company Corporate (FZ LLC) is a company incorporated by another corporate and the shareholder of the FZC is a company.

Limitations in a free zone

You may have many factors to consider before deciding on a free zone that is appropriate for a new business set up. These factors include location, infrastructure and facilities, licensing process of the proposed commercial activity, and the popularity of a particular free zone.

Dubai has two major Free Zones; Jebel Ali Free Zone and Dubai Airport Free Zone where import, export, manufacturing, processing, assembling, packaging, distribution, consolidation, storage and logistics are the primary functions. Dubai Healthcare City serves as a center for healthcare-related operations, Dubai Media City specializes in broadcasting, advertising, and public relations; Dubai Internet City is dedicated for web-based services, IT support, and software development.

Experienced consultants provide consulting and suggestions on the right choice of a free zone that is suitable for your business activities and take on the full responsibility to complete processes involved in establishing your company in Dubai or any where in the UAE.

dubai free zones | dubai airport free zone

Article source:
http://goarticles.com/article/Setting-up-a-business-at-Free-Trade-Zone-in-Dubai/4179354/

Free Trade Zones Dubai


UAE has one of the highest per capita incomes in the Middle East, thereby attracting many investors in this region. UAE is generally being associated with oil and natural resources. But there are many more business opportunities there. The governing bodies of the emirates that form the UAE develop world class infrastructure and foreign investment policies and schemes that make locations such as Dubai most popular business hubs in the world.

A free zone is a portion of defined and specific infrastructure, with a special tax rules, customs and imports regime, usually meant for foreign investors who do not belong to the UAE business region and scenario. Free Zones provide the required infrastructure and incentives to the investors who wish to set up a business in the free zone.

There are many free zones that have been developed in the UAE. Some of them being Dubai Airport Free Zone, Hamriyah Free Zone, Dubai Internet City and Jebel Ali Free Zone. Some of the benefits of incorporating a business in UAE are
·         100 % foreign ownership
·         Exceptional infrastructure
·         Facilities such as warehouses, industrial parks and office premises
·         Repatriation of capital & profits and no corporate taxes
Thus these Free Zones comprise of modern business models that provide access to the technology and infrastructure to a present day business that has to be competitive to stay in the race.
The major free trade zones in Dubai are
  • Dubai Airport Free Zone (DAFZ)
  • Dubai Car and Automotive City Free Zone (DUCAMZ)
  • Dubai Flower Center Free Zone
  • Dubai Gold and Diamond Park
  • Dubai Health Care City (DHCC)
  • Dubai Industrial City (DIC)
  • Dubai International Financial Centre (DIFC)
  • Dubai Internet City (DIC)
  • Dubai Knowledge Village (KV) (DKV)
  • Dubai Media City
  • Dubai Multi Commodities Centre (DMCC)
  • Dubai Gold and Commodities Exchange (DGCX) - part of DMCC
  • Dubai Silicon Oasis
  • Dubai Technology and Media Free Zone (TECOM) - includes DIC, DMC, DKV
  • Economic Zones World (EZW) - includes Techno Park, Dubai Auto Zone, International, JAFZ
  • Jebel Ali Free Zone (JAFZ)
Jebel Ali Free Zone, the first free zone in the UAE, was established in 1985 to coincide with the inauguration of Jebel Ali Port, the world's largest man-made harbor. It is strategically located between the Jebel Ali Port, and the Jebel Ali Airport, both known for their large capacity for freight transfer. This free zone has grown to a huge micro-economy that houses 6000 companies, 150 of which have been listed among the Fortune Global 500.

The Dubai Airport Free Zone is also an ideal choice for international branch offices and entrepreneurs. This has been built with a state-of-the-art technology and infrastructure, such as optical Fiber Optic networking. It also has access to a large number of consumers; most of them being from different parts of the world .It is predicted that 60 million commuters might pass through Dubai International Airport by the next year.

Both of these zones offer a wide range of amenities such as superior quality offices, storage and warehouses with the capability to be converted into an assembly factory. They also offer assistance to the entrepreneurs to design their business models, to find suitable business partners within the free zone, and consultation support.
All of these zones offer tax exemption for entrepreneurs and investors who wish to incorporate offshore business incorporation.

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Article source:
http://goarticles.com/article/Free-Trade-Zones-Dubai/4179218/