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Which are the leading commercial places in UAE? |
UAE is a federation of 7 Emirates comprising of Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. All these emirates are popular centers for trade and commerce. They all have Free Trade Zones. |
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What are the leading free zones in UAE? |
The leading free zones in UAE are Jebel Ali Free Zone, Dubai Airport Free Zone, Dubai Internet City, Dubai Media City, SAIF Zone, Hamriyah Free Zone, Ajman Free Zone and Ras Al Khaimah Free Zone.
The Federal Law of UAE restricts the ownership of a trading concern to of an expatriate to 49%.
However, in free trade zones, an expatriate can set up a firm with 100% ownership. |
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What legal forms are required to establish a business in the free zone? |
Branch of Foreign Company, Free Zone Establishment and Free Zone Company are the legal forms required to establish business in free zones. |
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Can I have a General Trading License in Dubai? |
The Department of Economic Development, Dubai has classified certain specific activities the L.L.C is permitted to undertake. The company can practice multiple activities with General Trading License with additional fees, which will be levied by licensing authorities in the year of incorporation. |
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What activities require special approval? |
The licensing authority in the concerned Emirate directly issues license for most of the activities. Those that require special approval are listed below along with its related Ministry/Department.
Medical, Pharmacy etc.- Ministry of Health
Air Transport, Air Cargo etc. – Department of Civil Aviation
Financial Institutions, Banks, Money Exchange etc.- Central Bank
New Industrial Project, Expansion – Ministry of Finance and industry
Publishing, Printing, Newspaper, Advertising, Video film, Photography etc., - Ministry of Information
Education, Training etc. – Ministry of Education
Agriculture, Veterinary etc.- Ministry of Agriculture
Customs Clearance, Freight Forwarding, Sea Cargo etc. – Seaports & Customs Authority
Telecommunication Equipment – Ministry of Communication
Branch of Foreign Company, Insurance Company, Audit Firm etc. – Ministry of Economy & Commerce |
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Is there any taxation in UAE? |
No, currently no corporate or personal tax is applicable to business organizations or employees in UAE. |
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How can I obtain my visa to stay in UAE? |
Visa (Residence Permit) shall be issued after obtaining the trade license and completing the immigration formalities. |
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What is the validity of the Residence visa permit? |
Residence Permit was initially valid for 3 years and renewable for a similar period. There are talks going on that from Jan 2011 the UAE government is going to provide visas for a period of 2 years. |
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What formalities are involved to bring my family to the UAE? |
You can sponsor your wife and children once your residence permit formalities are completed and if certain conditions are met. |
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What legal documents are required from my country to sponsor my family? |
The legal documents required are your marriage certificate and the children’s birth certificate duly attested from UAE Embassy. |
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If I set up a company in Dubai and obtain residence permit can I travel to other emirates freely? |
Yes, you can travel to other emirates since the residence permit is valid for entire UAE. |
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Can I buy property in Dubai? |
In Dubai, an expatriate can buy properties offered by many developers such as Emaar Properties, Nakheel Corporation and Jumeirah Residence which are available in certain demarcated areas. |
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How secured is this country for investment and living? |
The country is very secure for investment and living as majority of the UAE population consist of expatriates. |
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Is there any duty or levies charged by government authorities? |
The government departments charge an import duty of 5% for the products imported to the main land. However, companies operating in free zones are exempted from import duty. Besides this, no other duty or levy is charged by government. |
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How efficient are the seaport facilities? |
UAE has impressive port facilities on its west and east coasts that enable easy access to even the world’s largest container ships. The following are the ports in UAE: Mina Zayed, Port Rashid, Jebel Ali Port, Port Khalid, Khor Fakkan Port and Fujairah Port. Jebel Ali Port is the largest man made port in the world. |
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What options are available for schooling of children? |
As majority of the UAE population comprises of expatriates from around the world, there are schools offering American, British, Indian, Pakistani and European curricula especially for them. |
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What are the recreational facilities available? |
Recreational facilities are available in most of the leading cities in UAE and range from cinema, theatre, theme parks and water sports, besides those unique to this region like desert safari etc. |
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What is the climatic condition in UAE? |
The climate in UAE is mostly sunny. During summer, the temperature often rises above 42°C. Winter occurs during the months of October and April and is quite cool with temperatures going down to 14°C. |
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Trade Marks & Copyrights |
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Do I have to register my trademark? |
No, but there are some exclusive advantages in registration like notice to the public of the registrant’s claim of ownership of the mark, a legal presumption of ownership nationwide, and the exclusive right to use the mark on or in connection with the Goods or service set forth in the registration. Trademark of a product or service distinguishes it from other similar products or services. By obtaining the rights to trademark, the owner can prevent unauthorized use of it. Unlike patent rights, the duration of a trademark right can extend to as long as you wish. |
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Registrability |
Not all trademarks are registrable. A trademark can be registrable only if it is new or distinctive. If not, it is not possible to get a valid trademark registration.
A trademark is considered “new” when it (or a similar mark) has not been used or registered before on products or services similar to yours. A trademark is distinctive when it is more than just an obvious word or picture. It must not describe the nature or any feature of the product or service concerned. |