It is a mandatory requirement to have a residency visa to avail below services:
- Legalise your stay in UAE
- Open a bank account
- To have telecom connections
- To obtain UAE driver’s licence
- Launched as part of the UAE 2021 vision under the slogan ‘Smart Services with Future Vision’. The E-Channel Immigration System is a new and unified immigration system that has already been implemented across the UAE.
- This allows businesses and individuals to apply for visas, residence and entry permits through a single online portal, instead of visiting a typing centre or the immigration office. The system also removes the need for print documents and aims to ensure that all applications are processed more efficiently with improved integration across the emirates.
- In line with this latest update from the General Directorate of Residency and Foreign Affairs, all UAE companies are mandated to register in the E-Channel platform with immediate effect through ARAMAK to allow them to continue with current and future visa or immigration file applications.
- To register the companies in the E-Channel Immigration system, clients can simply approach any of ARAMAK offices or contact us to proceed with the payment and other necessary procedures. Once registered, the company will receive SMS confirming its registration in the system.
All companies (Freezone included) with immigration files are mandated by the Ministry of Interior (MOI) to register in the E-Channel Immigration System effective 1 March 2018.
- Speedy process and accuracy in the visa and residency services.
- Reduce the need for the clients to visit ARAMAK GLOBAL Offices or the Immigration Authority, as this is required just for visa services that require original documents.
- Hard copies are not to be submitted, documents can be scanned and uploaded.
- Confirmation on the applications received by SMS and email.
- Eliminates the need to approach the Immigration Authority or PRO to follow-up on the status of the application, as the progress of the request can be viewed on the Portal.
- Entry Permit issued is E-visa, hence the additional action of sending the original by courier or delivering at the arrival airport is not required.
- Save money that was earlier spent for delivering the original entry permit at the airport or sent to the client by courier.
For all your company visas, the service can be availed only through the Sponsor. AMARAK GLOBAL being the Sponsor will be applying for the company’s visa, hence the applications may be submitted to ARAMAK GLOBAL.
- Industrial: Manufacturing, importing, packaging and exporting products
- Commercial: Trading in services and goods
- Educational: Opening an education-related institution or a consultancy company
- E-commerce: Trading in goods and services via electronic means
- Individual/Professional: One owner with one activity in a specific specialty or expertise
- General Trading: Trading in multiple goods
- Media: Operating media-related business activities
- Service: Conducting services or consultancies across any industry
The maximum number of shareholders in a free zone company and a non-free zone limited liability company is 50.
Yes, the same person can be a shareholder, director, the company’s secretary and manager.
Company officers include manager, director(s), secretary(ies) and legal representative(s).
The minimum share capital of an FZ-LLC is AED 10,000 (each share is valued AED 1,000). However, for certain activities there is a specific share capital. Refer to the below list for the Minimum Share Capital requirement:
- Industrial (AED 150,000.00)
- Aviation (AED 500,000.00)
- Logistics & Transportation (AED 100,000.00)
- Insurance Consultancy (AED 100,000.00)
- Insurance Broker (AED 500,000.00)
- Insurance Agent (1,000,000.00)
- Investment Consultancy (AED 100,000.00)
- Real Estate Consultancy (AED 500,000.00)
- Real Estate Broker (AED 500,000.00)
- Real Estate Agent (500,000.00)
- Real Estate Development (AED 1,000,000.00)
- TV/Radio Broadcasting (AED 1,000,000.00)
- Publishing (AED 50,000.00)
- Production (Film/TV/Radio) (AED 50,000.00)
- Higher Education Provider (AED 50,000.00)
- Non-academic Service Provider (AED 50,000.00)
- Educations Support Services (AED 50,000.00)
- School (AED 50,000.00)
- Early Learning Centre (AED 50,000.00)
A share capital refers to the portion of a company’s equity that is obtained or will be obtained by a shareholder for cash or an equivalent item of capital value. It is also known as subscribed capital or subscribed share capital. One can calculate the share capital as number of total shares divided by value of each share (also known as par value).
Yes, the liability of an owner of a free zone establishment is limited.
A Limited Liability Company is treated as an entity separated from its shareholders. Therefore, the liabilities of a company do not extend to its shareholders. Each shareholder is only liable to the extent of his shares in the company’s capital.
No, you do not need a local partner to form a free zone company. One of the many advantages of setting up a free zone company with ARAMAK GLOBAL is that it offers 100% foreign ownership.
ARAMAK GLOBAL offers the below free zone company types:
• A Free Zone Limited Liability Company (FZ-LLC)
• A Branch of a UAE-based company (including companies registered in other free zones)
• A Branch of foreign company
No, it cannot. A free zone entity may trade its products outside the free zone area and within the UAE only through an agent, representative, distributor or its parent company holding a relevant licence to conduct such an activity in the UAE.
For Example, Lets say ABC FZ-LLC is registered in Ras Al-Khaimah (RAK). But can trade anywhere else within the UAE, but cannot itself trade in RAK.
All free zone entities are governed by UAE Companies Regulations of 2017 and Operating Rules of 2018 as well as the applicable federal and local laws and decrees. As for the non-free zone entities, they are governed by the UAE Federal Law No. 2 of 2015 concerning Commercial Companies as well as all applicable federal and local laws and decrees.
From coworking spaces to full-scale industrial facilities, we offer the ideal facility at your stage of development:
- Coworking Space
- Serviced Offices
- Standard Offices
- Executive Offices
- Shell & Core
- Warehouses for Development
- Staff & Labour Accommodation
HOW CAN WE
HELP YOU?
Contact us at the Consulting WP office nearest to you or submit a business inquiry online.