Business Setup In Masdar City Free Zone
Required Documents and Steps to Obtain Your Business License in Masdar City Free Zone
Company formation in Masdar City Free Zone is designed to be straightforward and stress-free. But despite the ease of access, there are several essential documents and steps you’ll need to know if you plan to own and operate a successful business in this jurisdiction.
- A business plan
- Shareholder details or parent company information
- Board resolution from parent company
- Director and Manager’s details
- Memorandum of Association
- Articles of Association
- Copies of visas for shareholders if the hold resident visas in UAE
- Passport-sized photos for all shareholders
- Choose a Business Activity
- Register Your Business Name
- Submit License Application
- Open a Corporate Bank Account
- Pay the Required Fees
- Secure Your Business License
Legal Entities in Masdar City Free Zone
When you form a business in the Masdar City Free Zone, you’ll be able to choose between several unique legal structures. These legal frameworks will determine how you and your shareholders will handle profits, losses, and risks surrounding your investments. Let’s take a quick look at how you can build your business’s legal structure.
A limited liability company is a private company structure that limits the risks and liabilities of owners. As a result, business owners of an LLC company cannot be personally liable for any losses incurred when conducting business.
A branch is a legal term for a business that operates under a larger corporation. In many cases, these parent companies are located in foreign lands but are responsible for any profits or losses a branch may experience.
As one can imagine, the sole difference between a local branch and an international branch is its location. Locally registered companies are permitted to conduct business with branches throughout the UAE.
Business Setup Cost in Masdar City Free Zone
When it comes to business setup in Masdar City Free Zone, you can expect to pay roughly AED 28,000, or 7,800 USD. This will cover your registration fees, licensing fees, and office spaces. However, these costs only scratch the surface of your total business setup expenses in the Masdar City Free Zone.
For example, you will need to consider the overhead costs of your chosen business activity, additional licensing fees, and more. For a better understanding of the total cost of business setup in the UAE, it may be helpful to connect with our professional business setup consultants, they will help you with the entire process.
Experience
MSZ Consultancy Can Help Your Business Prosper!
From business formation in the UAE to handling crucial renewals, MSZ Consultancy has 15 years of experience helping businesses make the most of their investments. We will handle business setup, visa applications, license renewals, securing Public Relations Officers, legal setup, and more. Our skilled consultant experts possess inside knowledge on the day-to-day handling of business in the UAE, freeing you up and giving you a fantastic advantage when it comes to making the right business decisions. The UAE is home to many different business possibilities. And we want to help you take advantage of that! Call us at +971 50 487 2208, and let’s talk business.
Frequently Asked Questions (FAQs)
No! Businesses forming in the Masdar City Free Zone are allowed complete company ownership, with no need for local sponsorships.
In most cases, Licenses in the Masdar City Free Zone are issued within five days of your application.
It is currently impossible to transfer your company from Masdar City Free Zone to another jurisdiction. Existing licenses will need to be cancelled, and a new license in the new Free Zone must be acquired.