Dubai Studio City

Dubai Studio City

Dubai Studio City

Dubai Studio City: To facilitate the creation and development of an environment and world-class infrastructure to foster the growth of the television, film and music industries in the region.

To compel best-in-class audio visual media companies to establish in Dubai by providing world-class internationally benchmarked infrastructure, talent and services.

Designed to accelerate the growth of the broadcast, film, television and music production industries, Dubai Studio City (DSC) will be an ultra-modern facility integrating every component of content production & broadcast under one roof. Spread across 22 million sq.ft., it will include production, post-production, broadcast, equipment rental, freelancers, commercial offices, business centre and satellite facilities among others.

It will also have residential areas, hotels, an entertainment centre, film schools and training institutes. This unique combination of world-class infrastructure, qualified professionals and unique networking environment will make it the ideal location for creative people to unleash their imagination.

Imagine a place where you can shoot a film from start to finish in one location. From financing to casting to pre-production to filming in exotic locations to editing to sound recording to visual animation to processing to distribution and finally to the premiere night. Imagine a place like Dubai Studio City.

dubai_studio
Dubai Studio City

Launched in 2005, Dubai Studio City (DSC) is a global business community that provides cutting-edge facilities and services to companies across the broadcasting, film production, TV, music, and entertainment sectors. Dubai Studio City provides an all-in-one solution to facilitate an easy, efficient and innovative production process. DSC meets worldwide creative needs by offering outstanding production services, the largest Sound Stages in the region, backlots, sets, water tanks, production offices, recording studios and offices.

Designed to accelerate the expansion of the film and broadcasting industry and spread across 22 million sq.ft, DSC strives to become a Hollywood type of service provider and a full community area with residential buildings, hotels, leisure centres, schools and training institutes.

Types of formations:

1. Free Zone limited liability company (FZ-LLC):

A FZ-LLC is formed as a separate legal entity, with shareholders as individuals and/or Corporates.

The minimum capital requirement for incorporation depends on the business activity.

2. Branch of a foreign/UAE company:

A branch is not a legal entity separate from its parent. It is considered a place of business that forms a legally dependent part of the parent company. It conducts all or some of the operations inherent in the parent’s business. Share capital is not required.

3. Freelance permit:

The Freelance permit offers the ability to operate as a freelance professional. The permit identifies you as a sole practitioner. It enables you to conduct your business in your birth name as opposed to a brand name.

Types of licenses issued: Production & Broadcasting

Business benefits in Dubai Studio City:

  • Guaranteed 50-year exemption from personal, income and corporate taxes
  • No customs duty
  • Comparatively lower operating costs
  • Opportunity to channel the vast amount of untapped wealth from local investors for project finance and long-term investment
  • Channel development opportunities
  • 100% business ownership

    Need for Audit

    An audit of the company will not only help provide the information about the current scenario of the company but will also help to reduce any wrongdoings. Audit services will improve the efficiency and profitability of the company in the free zone. The company will be better able to utilize its resources and will be more productive.

    In Dubai Studio City, it is necessary for a company which has been registered in the free zone to provide its audited financial report annually. It should also be kept in mind that only an auditor or auditing firm which has been approved by the management of the Dubai Studio City free zone is allowed to conduct any audit in the region. Thus it is recommended that you avail the services of an approved auditor or an approved auditing firm.

    If you want to conduct an audit of your company which is established in the free zone, it is recommended that you avail the services which are provided by ALYA Auditors Chartered Accountants. ALYA is an accounting and auditing firm which is approved by the management of the Dubai Studio City. This firm aims to solve all the financial problems of our company by understanding the working of the company and then providing a customized solution. For details on the services provided by ALYA, do contact us – we’ll be happy to help!

Dubai South (DWC)

DWC

Dubai South Free Zone  prev. Dubai World Central

DWC
Dubai South DWC

Dubai South Free Zone (prev. known as Dubai World Central) is a development currently under construction, which will serve as an economic zone to support a number of activities including logistics, aviation, commercial, exhibition, humanitarian, residential and other related businesses around Al Maktoum International Airport. Dubai South has a planned annual capacity of 12 million tons of cargo and 160 million passengers. The construction area is 145 square kilometers, almost two times the size of Hong Kong Island.

Dubai South –The City of You – is an emerging 145 sq. km. master-planned city based on happiness of the individual.

Identified as the emirate’s flagship urban project, Dubai South is centered on the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. According to Dubai South officials, the royal vision is reflected in the themes of Dubai Plan 2021, which apply to Dubai South as follows.

To become a city of happy, creative and empowered people.

To become the preferred place to live, work and invest.

To create an inclusive and cohesive society.

To build a smart and sustainable city.

To become a pivotal hub in the global economy.

Dubai South Free Zone master plan:

Aviation District

The 6.7 sq. km. Aviation District serves as an Integrated Aviation Eco System dedicated to the aviation sector. The District is also the permanent home of the Dubai Airshow, the Middle East Business Aviation Show and the VIP Terminal.

Logistics District

The Logistics District is a multimodal platform for companies affiliated to the supply chain. The district offers build-to-suit as well as ready-to-use facilities designed to serve contract logistics, integrators, freight-forwarders and agents. Airside access to the Al Maktoum International Airport facilitates air cargo operations.

Business Park

The Business Park offers flexible office spaces – from start-ups to SMEs and large corporations – in diverse sectors. It also features a business center that provides office solutions operating 24/7.

Business facilities in Dubai South:

  • 100% tax free operations
  • Full foreign ownership.
  • 100% repatriation of capital as well as profits.
  • 0% tax as well as no duty tax for import and export.
  • Flexible commercial lease terms.
  • Wide range of business activities.
  • Minimum documentation required to set up a business.
  • Direct access to Jebel Ali Sea Port and Al Maktoum Airport.
  • No proof of share capital, no currency restrictions, competitive rates.
  • State of the art facilities.

Types of licenses available in Dubai South:

  • Industrial License: light manufacturing activities.
  • Logistics License: issued only for logistics services.
  • Trading & General Trading License: import; export, distribution and storage of specific products specified in the License; sale of the products within the UAE market through a local distributor.
  • Service License: issued for services specified in the License within the Dubai South, but not restricted to.
  • Education License: educational and social services; educational and training, and educational consultancy services.

The Dubai South Free Zone (prev. Dubai World Central), is one of the strategic business hubs developed by the Government of Dubai. Today, the Dubai South Free Zone (prev. Dubai World Central Free Zone) is the largest and leading global trade, business and aviation hub. The Dubai World Central (DWC) was renamed to Dubai South not too long ago and to reflect the strategic location of the free zone.

The Dubai World Central (DWC), now Dubai South, is located on 140 square kilometers of multipurpose area right next to the Jebel Ali Sea Port. The Dubai South Free Zone headquarters is closely located to Al Maktoum International Airport, Logistics District, Business Park, Aviation District, Commercial District, Residential District, Golf District, Exhibition District, and Humanitarian District. The Dubai South Free Zone international airport is strategically located to provide convenient logistics and shipment around the GCC, Middle East, and the entire world.

The Dubai South Free Zone (prev. Dubai World Central) serves as the strategic platform in the UAE for growth of logistics, aviation, light industry, and ancillary service businesses. The Dubai South Free Zone logo serves as a reminder of the vision of the Government of Dubai in making the Dubai South Free Zone residential city a hub of commerce!

If you are looking to set up a company in Dubai South Free Zone, then you can look for support at Alya Al Marzooqi Auditing Chartered Accountants. Alya Auditors helps you embrace the opportunity launch your business in the Dubai South Free Zone the right way. As Al Maktoum Airport looks to become the largest airport in the world for passenger and cargo capacity by 2022, and Dubai South become the host of the World Expo 2020, it’s safe to say that now is the best time to make an investment in the Dubai South Free Zone.

Alya Al Marzooqi Auditing Chartered Accountants  Group offers Auditing Services In Dubai South Free Zone in Dubai, UAE. We are a prominent DWC approved auditor in Dubai providing affordable and efficient audit services in Dubai.

Alya Al Marzooqi Auditing Chartered Accountants one among the leading CA Firms in Dubai,With its head office at Business Bay & a branch at SAIF Zone.Approved in all the major free zones including DMCC,SAIF,JAFZA,DWC,Maydan etc providing professional services in the field of Auditing , Accounting ,VAT Consultation , Company Formation & CFO services etc. 

For More Details Contact Us @ Tel : +971 4 876 9377, Mob: +971 52 975 0690, +971 52 475 4007

SAIF Zone Sharjah Airport Free Zone

SAIF Zone

Sharjah Airport International Free Zone

SAIF ZoneSAIF Zone

Sharjah Airport International Free Zone provides some of the most enticing business incentives in the region, including speed of service and simplicity of process. Versatility has always been one of SAIF-ZONE’s prime objectives. From a single office space to entire manufacturing facilities and everything in between, the options are designed to accommodate every business and every scenario.

SAIF-Zone’s customer base is among the largest in the world from one central hub, with access to more than 2 billion people within a four-hour flight and as one of the most dynamic Emirates in the UAE, Sharjah accounts for over a third of the country’s industrial activity.

Warehouses, storage areas, container parking, bunkers and labour housing are all available at the lowest costs and highest quality. SAIF-ZONE offers an unlimited workforce to support your business along with sponsorship and visas for in-house staff to make the transition to a new workplace as smooth as possible.

Thanks to these options, some of the world’s most prestigious companies operating in the Middle East have SAIF-ZONE’s as their base, with the added personal, corporate and competitive advantage of 100% foreign ownership, 100% repatriation of capital and profits and 100% free transfer of funds.

Business advantages in SAIF-ZONE:

The benefits of operating from SAIF Zone are tremendous. It allows 100% foreign ownership exemption for personal and corporate income tax with 25-year contract remedies for final rent. Licenses are issued on the same day and the ‘one window operatio.

Business facilities in SAIF-ZONE:

  • Offices.
  • Industrial Park.
  • Land on Lease.
  • Prebuilt Warehouse.
  • Temporary Warehouse.
  • SAIF Zone Labor Accommodation.

Licenses available in SAIF-ZONE:

  1. Trade License.
  2. Commercial License:
    Import, Export, Distribution, consolidation, storage or warehousing of items specific in the license, Maximum limit is three similar product lines.
  3. General Trading:
    General Trading license can be obtained under a commercial license which allows a large number of products.
  4. Service license:
    Service license allows the holder to carry out service specified in the license only. All type of services are allowed unless otherwise restricted by the Federal or local authorities.
  5. Industrial License:
    Import of raw materials, manufacturing, processing, assembling, packaging and exporting the finished product.

Alya Al Marzooqi Auditing Chartered Accountants one among the leading CA Firms in Dubai,With its head office at Business Bay & a branch in SAIF Zone.Approved in all the major free zones including DMCC,SAIF,JAFZA,DWC,Maydan etc providing professional services in the field of Auditing , Accounting ,VAT Consultation , Company Formation & CFO services etc. 

For More Details Contact Us @ Tel : +971 4 876 9377, Mob: +971 52 975 0690, +971 52 475 4007

Dubai Production City

BUSINESS SETUP IN DUBAI PRODUCTION CITY (DPC)/IMPZ

Dubai Production City(DPC)/Dubai International Media Production City (IMPZ)

Dubai Production City formerly known as International Media Production Zone (IMPZ), is a free zone and freehold area that caters to media production companies in DubaiUnited Arab Emirates. DPC is a leading business hub enabling the global and local publishing, printing and packaging industries to excel. DPC was launched in 2003 as the first dedicated community aiming to advance the development of the production industry in the region. Dubai Production City is a leading business hub enabling the global and local publishing, printing and packaging industries to excel. DPC was launched in 2003 as the first dedicated community aiming to advance the development of the production industry in the region.

DPC benefits from free zone privileges and regulations that facilitate the ease of business and operations, a unique and vibrant community supporting and fostering the growth of media production

Types of Company Formation in Dubai Production City

Freezone Limited Liability Company (FZ-LLC)

A FZ-LLC is formed as a separate legal entity, with shareholders as individuals and/or Corporates. The minimum capital requirement for incorporation depends on business activity.

Ownership Type:

  • FZ-LLC WITH NATURAL PERSON AS SHAREHOLDER
  • FZ-LLC WITH CORPORATE PERSON AS SHAREHOLDER
  • FZ-LLC WITH NATURAL AND CORPORATE PERSON AS SHAREHOLDER

Branch

A branch is not a legal entity separate from its parent. It is considered a place of business that forms a legally dependent part of the parent company. It conducts all or some of the operations inherent in the parent’s business Share capital is not required.

Freelance Permit

The Freelance permit offers the ability to operate as a freelance professional. The permit identifies you as a sole practitioner. It enables you to conduct your business in your birth name as opposed to a brand name.

Value Added Tax (VAT):

Value Added Tax (VAT) has been introduced across the UAE on 1 January 2018 at a standard rate of 5%.

Who should register for VAT?

A business whether situated in designated zone or non-designated zone or outside free zone should register for VAT if the taxable supplies and imports exceed the mandatory registration threshold of AED 375,000 within preceding 12 months or it is anticipated  that the total value of taxable supplies exceed
AED 375,000 in the next thirty 30 days. Upon registration, a tax registration number (TRN) would be issued to business by the Federal Tax Authority.

What is a designated zone?

A Designated zone is a specified fenced geographical area having security measures and customs controls in place to monitor entry and exit of individuals and the movement of goods to and from the area. Following free zones are declared as designated zones.

a. Free Trade Zone of Khalifa Port
b. Abu Dhabi Airport Free Zone
c. Khalifa Industrial Zone
d. Jebel Ali Free Zone (North-South)
e. Dubai Cars and Automative Zone (DUCAMZ)
f. Dubai Textile City
g. Free Zone Area in Al Quoz
h. Free Zone Area in Al Qusais
i. Dubai Aviation City
j. Dubai Airport Free Zone
k. Hamriyah Free Zone
l. Sharjah Airport International Free Zone
m. Ajman Free Zone
n. Umm Al Quwain Free Trade Zone in Ahmed Bin Rashid Port
o. Umm Al Quwain Free Trade Zone on Sheikh Mohammed Bin Zayed Road
p. RAK Free Trade Zone
q. RAK Maritime City Free Zone
r. RAK Airport Free Zone
s. Fujairah Free Zone
t. FOIZ (Fujairah Oil Industry Zone)

What is a non-designated zone?

Any free zone which is not declared as designated zone is a non-designated zone. In other words a non – designated zone is any geographical area within UAE which does not have any security measures and custom controls in place to monitor entry and exit of goods and individuals. Eg. DMCC, Dubai Media city, DIFC and Dubai Internet city.

What transactions are subject to VAT within Designated zones?

a) Goods transferred between designated zones shall not be subject to VAT. However goods supplied by an entity in the designated zone to entities outside the designated zone are subject to 5% VAT.
b) Services provided by an entity to other entities inside the designated zone or outside the designated
zone are subject to 5% VAT.
c) Professional fees for services are subject to VAT @ 5%.

What government/free zone fees (License/Visa/rent) are subject to VAT?

In case of designated zones the trade license fees, visa fees, lease rentals will not be subject to VAT. And in case of non-designated zones the trade license fees and visa fees are not subject to vat however rent is subject to 5% VAT.

Alya Al Marzooqi Auditing Chartered Accountants one among the leading CA Firms in Dubai,With its head office at Business Bay & a branch in SAIF Zone.Approved in all the major free zones including DMCC,SAIF,JAFZA,DWC,Maydan etc providing professional services in the field of Auditing , Accounting ,VAT Consultation , Company Formation & CFO services etc. 

For More Details Contact Us @ Tel : +971 4 876 9377, Mob: +971 52 975 0690, +971 52 475 4007

Jebel Ali Free Zone Authority

Jebel Ali Free Zone Authority

Jabel Ali Free Zone
Jabel Ali Free Zone

JAFZA commenced operations in 1985 and today stands out as a leading business hub of the Middle East. JAFZA’s focus is on long term customer relationships, fostering alliances with global investors by providing them world class infrastructure supported with quality driven value-added services and incentives, enabling them to capitalize on huge business opportunities in the region. JAFZA boasts of being the first free zone in the world to win ISO certification in 1996. JAFZA is one of the fastest growing Free Zones in the MEASA region, which gives direct access to a market of over 2 billion people.

JAFZA’s vision:

JAFZA is determined to remain a powerful symbol that helps drive the development of Dubai, providing exciting and unlimited possibilities for industrial development, being the largest free zone in the MENA region.

The new developments at the Jebel Ali Free Zone and the surrounding region are designed to make JAFZA one of the most efficient sea-air hubs, completed with a 6-lane highway that will help keep goods custom-bound (helping to minimize processing time) as they are transported from port to cargo aircraft in just 20 minutes. Jebel Ali Free Zone is the world’s only free zone located between one of the world’s largest airports and a sea port. The Jebel Ali Free Zone has Jebel Ali Port, world’s 7th largest container port on one side and the Al Maktoum International Airport, one of the world’s largest cargo airports on the other side.

JAFZA has been one of the main drivers of Dubai and the UAE’s phenomenal economic growth over the years. JAFZA has successfully been attracting “crème de la crème” in all business sectors from all over the world by sheer force of its unique value-added offerings and propositions.

JAFZA business facilities and benefits:

1. A place to operate:

  • Free zone business license.
  • Seamless visa processing.
  • Total spectrum of business premises, including: offices, warehouses, retail units, staff accommodation.

2.A place to trade:

  • Thousands of traders located under one roof.
  • New modern environment perfect for the safe storage of goods within close proximity to your retail outlet.

3.A place to sell:

  • Conveniently located adjacent to the Jebel Ali Free Zone, with no need for gate entry.
  • All the advantages of a free zone license with the added benefit of selling to the UAE public.

Formation types:

The number of shareholders determine the formation type for the companies being established in Jebel Ali Free Zone.

1. Multiple shareholders

Two to 50 shareholders can set up a Free Zone Company (FZCo) in Jebel Ali Free Zone. These shareholders can be individuals (two to 50 people), non-individuals (two to 50 companies) or a combination of both. An FZCo is essentially a Limited Liability Partnership within the Free Zone, with the liabilities of the company limited to the paid-up capital.

Two to 50 shareholders can also set up a Public Listed Company (PLC) within the Free Zone. These shareholders can be individuals (two to 50 people), non-individuals (2 to 50 companies) or a combination of both. A PLC is essentially a Limited Liability Partnership within the Free Zone, with the liabilities of the company limited to the paid-up capital.

Whether an individual or a company, a single shareholder can register a Free Zone Establishment (FZE) in JAFZA. An FZE is essentially a Limited Liability Company within the Free Zone. An FZCo is essentially a Limited Liability Partnership within the Free Zone, with the liabilities of the company limited to the paid-up capital. A FZCo has a legal personality distinct from that of its shareholder and it has the capacity, rights and privileges of a natural person.

3. Any existing established entity

Branch within the Free Zone can be registered by any entity already established outside Jebel Ali Free Zone. A branch is considered a legal entity of its parent company; is 100% owned by the parent company, operates under the same name and conducts the same business.

License Types:

Trading License: to carry out trading activities.

Industrial License: to carry out manufacturing activities.

Service License: to carry out services activities.

E-Commerce License: to carry out buying and selling of goods and services over electronic networks via any electronic means.

National Industrial License: to carry out manufacturing activities where at least 51% of the ownership is of national(s) of a AGCC country.

Innovation License: to carry out development of new products and services.

Offshore Registration: to establish an offshore company with limited liability.

 

Alya Al Marzooqi Auditing Chartered Accountants  Group offers Auditing Services In Jebel Ali Free Zone in Dubai, UAE. We are a prominent JAFZA approved auditor in Dubai providing affordable and efficient audit services in Dubai.

Alya Al Marzooqi Auditing Chartered Accountants one among the leading CA Firms in Dubai,With its head office at Business Bay & a branch at SAIF Zone.Approved in all the major free zones including DMCC,SAIF,JAFZA,DWC,Maydan etc providing professional services in the field of Auditing , Accounting ,VAT Consultation , Company Formation & CFO services etc. 

For More Details Contact Us @ Tel : +971 4 876 9377, Mob: +971 52 975 0690, +971 52 475 4007

International Humanitarian City

The International Humanitarian City (IHC)- Auditors

IHC : An overview

The International Humanitarian City (IHC) was founded in 2003 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates and Ruler of Dubai, through the merger of Dubai Aid City (DAC) and Dubai Humanitarian City (DHC). It is the one and only non-profit, independent, humanitarian free-zone authority hosting a community of members comprised of UN organisations, international non-governmental organisations, intergovernmental organisations, and commercial companies.

An independent free zone authority created by Sheikh Mohammed bin Rashid Al Maktoum and the Government of Dubai through the merger of Dubai Aid City (DAC) and Dubai Humanitarian City (DHC), IHC addresses the specific needs of the humanitarian aid and development community, while grouping aid agencies in a secure environment that fosters partnerships, social responsibility and global change. At the same time, IHC offers commercial companies servicing the aid community the opportunity to operate from a strategic location in a free zone environment.

IHC is a non-religious, non-political and nonprofit organization, chaired by Jordanian Princess Haya Bint Al Hussein, wife of Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates.