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SETTING UP YOUR BUSINESS IN DKV & DIAC

SETTING UP YOUR BUSINESS IN DKV & DIAC

Dubai Technology & Media Free Zone Authority (DTMFZA) is responsible for the establishment and registration of companies in DIAC. There are 6 easy steps to setting up your Free zone Limited Liability Company (FZ-LLC) and only 4 steps if establishing a Branch Company. These steps are explained in detail in the attached business set-up guide for DIAC.

Application for Name Approval

  • Passport copies and detailed CV of the proposed shareholder(s) [if the proposed plan is to setup a new company in Dubai]
  • Passport copies of the director(s) [if the proposed plan is to setup a new company in Dubai]
  • Detailed Profile of the Parent Company [if the proposed plan is to setup a branch of a foreign company in Dubai]
  • Passport copy and CV of the proposed Manager-In-Charge
  • Business Plan (in the attached format)
  • Application Form for License (form attached)

Business Type:

  • Free Zone Limited Liability Company
    • FZ-LLC with corporate person as shareholder
    • FZ-LLC with natural and corporate person as shareholder
    • FZ-LLC with natural person as shareholder
  • Branch of an existing Foreign Company
    • Branch of a Foreign Company

Guidelines on Submitting Legal Documents:

  • All legal documents more than one page in length to be sealed Powers of Attorney needs to be accompanied with a valid passport copy of the Attorney
  • The Authority reserves the right to request any extra documents it may deem require, as and when necessary or The Authority reserves the right to request any extra documents it may deem necessary, as and when required.
  • The Authority reserves the right to ask for extra attestation by the UAE Embassy or other Embassies, as may be necessary
  • Board Resolution and/or Power of Attorney for the Manager must state the Manager’s full name as per passport including nationality and valid passport number
  • The legal documents must be in English and / or Arabic. Documents in any other language must be accompanied by a certified English or Arabic translation

Legal Documentation Templates:

  • Resolution for natural shareholder in FZ-LLC
  • Resolution for natural shareholders in FZ-LLC
  • Board Resolution for corporate shareholder(s) in FZ-LLC
  • Board Resolution to establish a branch

Registry Identification Code Form:
(a) Registry Identification Code Form – Corporate
(b) Registry Identification Code Form – Natural Person

Minimum Capital Requirements
FZ-LLCs incorporated in DKV/DIAC are required to have minimum paid up capital of AED 50,000. Branch establishments (e.g.,all universities and schools) within DKV have no minimum capital requirements.

Commercial Offices
General Fees
Application Fee AED 2,000 one-time payment
Registration Fee AED 3,510 one-time payment
License Fee AED 15,010 per license segment per year
 
Rental Rates in Dubai International Academic City (DIAC)
Lease Term Small (less than 3,000 sqft) Medium (3,001 - 9,999 sq.ft) Large (greater than 10,000 sq.ft)
1-year AED 135 /sq.ft/year AED 125 /sq.ft/year AED 115 /sq.ft/year
3-years AED 132 /sq.ft/year AED 122 /sq.ft/year AED 112 /sq.ft/year
5-years AED 129 /sq.ft/year AED 119 /sq.ft/year AED 107 /sq.ft/year
Rental Rates in Dubai Knowledge Village (DKV)
Lease Term Small (less than 3,000 sqft) Medium (3,001 - 9,999 sq.ft) Large (greater than 10,000 sq.ft)
1-year AED 160 /sq.ft/year AED 150 /sq.ft/year AED 140 /sq.ft/year
3-years AED 156 /sq.ft/year AED 146 /sq.ft/year AED 137 /sq.ft/year
5-years AED 152 /sq.ft/year AED 143 /sq.ft/year AED 133 /sq.ft/year
       
Business Center Offices
General Fees
Application Fee AED 500 one-time payment
Joining Fee (only in Knowledge Village) AED 5,000 one-time payment
Registration Fee AED 3,510 one-time payment
License Fee AED 15,010 per license segment per year
         
Rental Rates in Dubai International Academic City (DIAC)
Type of Office Description Lease Rate Annual Rent Security Deposit
Executive Desk A small desk space - AED 20,000 AED 5,000
Premium Executive Workstation A premium Executive Desk space - AED 20,000 AED 5,000
Executive Office - Type 1 Furnished offices. Area: from 100 sq.ft to 200 sq.ft. AED 250/sq.ft/year AED 250 X Area AED 10,000
Executive Office - Type 2 Furnished office. Area: from 201 sq.ft to 300 sq.ft. AED 200/sq.ft/year AED 200 X Area AED 15,000
Premium Executive Office Furnished office. Area: from 150 sq.ft to 450 sq.ft. AED 300/sq.ft/year AED 300 X Area AED 10,000
         
Rental Rates in Dubai Knowledge Village (DKV)
Type of Office Description Lease Rate Annual Rent Security Deposit
Executive Desk A small desk space - AED 15,000 AED 5,000
Premium Executive Desk A premium Executive Desk space - AED 20,000 AED 5,000
Premium Executive Workstation A premium Executive Desk space - AED 30,000 AED 10,000
Executive Office Furnished office. Area: from 100 sq.ft to 200 sq.ft. AED 350/sq.ft/year Area X AED 350 AED 10,000
Executive Suite Furnished office. Area: from 201 sq.ft to 300 sq.ft. AED 280/sq.ft/year Area X AED 280 AED 15,000

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Clients Testimonials

  • I am a Japanese Chartered Accountant in NewYork and my Japanese Clients are feeling really comfortable with AURIONs support in UAE Business. Actually I have never seen a firm like you in the USA.

    - Mr. Nobu Murata - JapanCREARE FZE
  • Setting up a new business can be a real challenge unless you have consultants who could provide proper guidance. Aurion expertise in incorporation has made things a lot easier to us.

    - Nasr Husain Warour - Syria Oolchi FZE
  • The most trust worthy professional group I've ever seen

    - Serge Ndiaye - France SN AERO FZE
  • It’s happy to note that Aurion registered the branch of BVI Company in Dubai Airport Freezone perfectly complying with all legal attestations. Thanks to Syam and team.

    - Edwin Marshall Berkins – USA MD, PEREGRINE Development International Inc.
  • Quality, excellence and quickness are the hallmark of Aurion.

    - Melanie Silke – Germany Mesity FZE
  • The entire job of setting up company in Freezone and getting warehouse was done in one day. Thanks to Aurion team.

    - Ndibe Obi – Nigeria Next International Middle East FZE
  • I have had the opportunity to share the last several weeks with your consultant. It has been an enlightening experience for me and the other company managers.

    - Wadi (M.Munther) Wadi Nabulsi - JordanBargain International FZE
  • I thank Aurion for their timely advice. If definitely saved me a lot of money & time.

    - Chyngyz Shermatov - Kyrgyz Republic Brimpex FZC
  • Aurion is one of the best consulting teams in the UAE for all activities of company formation and related matters. We trust them the most.

    - Ahmed Walid Halabi - US Managing Director, VSD Global (Branch)
  • AURION team has helped us to find the right location to register our company and we appreciate their professional approach.

    - Venkata Surya Prakash Bhaskarabhaitla - India24x7Guru.com
  • I am extremely satisfied with the services provided by AURION. They were very professional and got the work done with expediency.

    - Humaira Siddiqui - PakistanSTRYX FZE
  • Thanks to Aurion's team I am able to concentrate on my work as they handle all other issues in a rapid and professional way.

    - Mr. Marco - Italy PROGESUB GULF FZC
  • I was very impressed on how fast and efficient the team was in incorporating our company within a few days and the exceptional assistance I received in obtaining my visa well within the time advised.

    - Kiabod T Mashad - BritainECAP FZE
  • Very friendly, professional and cost effective company that created a stress free company establishment for GQ Holdings.

    - Adam Wadi - Australia GQ HOLDINGS LTD
  • We feel safe in professional hands of Aurion since 2010 and we are sure we could not feel any safer without them. THANK YOU, AURION!

    - Mr. Hydyr - Turkmenistan Hibrius
  • AURION Team did a great job in Incorporating our Company within the expected time and without any hassle. We were happy and satisfy with their Service. Thanking you!

    - Mr. Lukas - Germany JM HYGIENE MIDDLE EAST FZC
  • Simply the best. Trustworthy, Professional and Caring. Highly recommended to anyone who is looking to set-up Free Zone company in UAE.

    - Mr. Shidan Shabrokh - UK PENRIX FZE
  • AURION was the most professional Company to provide Customers with less experience in the UAE Company Establishment field a comprehensive Service and Support to get the Business started.

    - Mr. Chris Alan Schubert - GermanyArabian Consulting DWC LLC
  • It was a pleasure working with AURION, really professional, smart people who do their job FAST, EFFECTIVE and with JOY and HAPPINESS for doing the best.

    - Mr. Marcel Bettim Jacobi - BrasilVictory Global FZE

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