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  • Process of Founding a Free Zone Company

    Free Zone Company Formation in Three Steps. Essentially the formation of a free zone company is, in comparison with an offshore company formation,somewhat more extensive and time intensive. In order to give you an overview of the process for founding a free zone company, we have summarised it in a shortened form into three phases*

    1st phase: Offer for formation and issuing a request

    Step 1: First read up on the free zone of your choice. The menu tabs "Free Trade Zone Ras Al Khaimah“,"Free Trade Zone Ajman“ and "Free Trade Zone Locations in Comparison“ will inform you of everything you need to know from A-Z.

    Step 2: Please now send us an informal request via email or use the designed online form. Of course we are also available by telephone or in person. In this case we will first of all require a description of the corporate purpose.

    Step 3: You will receive from us, based upon your supplied information, an individualised proposal together with a comprehensive offer.

    Step 4: If you agree to the offered conditions, an informal notice which contains the request to found a company in the chosen free zone will suffice.

    We are at your service at every step.

    Time required: approx. 2 working days

    For the formation Privacy Management Group will now require from you:

    • A copy of your passport, ID or personal identification
    • A copy of a utility bill with your current address

    A utility bill can be an electricity bill, telephone bill or mobile phone bill as well as a water bill.

    Once your request has been received you will receive an invoice via email. We offer the following payment options:VISA, MasterCard, PayPal, Western Union and bank transfer.

    2nd Phase: Company formation in the free zone

    Upon receipt of your payment Privacy Management Group will prepare the formation of your free zone company.In the course of these preparations we may require some further information.You will of course be informed and receive, if required, continuing assistance and advice from our office in the United Arab Emirates.

    As soon as these preparations have been completed by Privacy Management Group, the company formation is complete.

    Time required: approx. 7-10 working days

    3rd phase: The account opening,business premises and (if required) application for a U.A.E. investor visa.

    After the formation of your free zone company there follows the leasing and set-up of the required business premises (in Ajman already included in the formation costs). In addition, we will also support you in your application for an investor visa if required. With Privacy Management Group you will also then receive a ISO 9001:2008 certified banking service which guarantees a bank account either inside or outside of the United Arab Emirates. Further information on the subject of "Banking Service“ can be found under "Our Banking Service“.

    U.A.E. Free Trade Zone

     Ras Al Khaimah

    RAK Free Zone Company Formation

    Recommended for:

    As a shareholder you may also apply for an "investor visa“ which gives you the option to move your place of residence to the U.A.E.
    Free zone companies are recognised without limits internationally.

    Details, Services & Fees

     Ajman

    Ajman Free Zone

    Recommended for:

    The free zone company formation in Ajman offers you a high level of flexibility. The fees for the various service packages also include, as well as the formation of your free zone company, one year’s rental of an office premises in the U.A.E, documentation for the relevant authorities in the free zone.

    Details, Services & Fees

    Notice: Free zone companies are internationally recognised as regular companies. Applications for investor’s visas may be made for more than two shareholders.

    Legal Notices

    Privacy Management GroupFZ-LLC regularly checks and updates the information on its websites. Despite all due diligence, it is possible that some facts have changed in the meantime. It is therefore not possible to assume liability or provide any guarantee as to the relevance, completeness or correctness of the information provided. The same applies for all other websites that are accessed through the hyperlinks provided. Privacy Management GroupFZ-LLC is not responsible for the content of websites that are accessed through these links. Furthermore, Privacy Management GroupFZ-LLC reserves the right to make changes or additions to the content provided. In addition to the content and structural copyright protection rights of Privacy Management GroupFZ-LLC websites, the reproduction of information or files, in particular the use of texts, extracts or images, is prohibited without the prior written consent of Privacy Management GroupFZ-LLC.

    None of the content on any of the Privacy Management GroupFZ-LLC web pages represents an individual recommendation nor is it to be understood as an invitation to trade, default or purchase. Privacy Management GroupFZ-LLC also explicitly points out that you should seek advice from experienced tax consultants and/or lawyers, in particular for any cross-border activities. In principle, any income generated domestically or internationally is subject to taxation. It is solely your responsibility to fulfil your domestic and/or international tax obligations appropriately. Privacy Management GroupFZ-LLC does not accept liability under any circumstance. Additionally, our General Terms & Conditions as well as our Data Protection Provisions and Legal Details apply.

    Asset Protection

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of Panama, it makes sense to have at least local managing directors/directors in Panama. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in Panama. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in Panama on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in Panama are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 740.00
    Registered agent annually USD 245.00
    Registered office annually USD 245.00
    Corporate franchise fees annually USD 300.00
    annually

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in the Seychelles. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in the Seychelles on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in the Seychelles are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 190.00
    Registered agent annually USD 210.00
    Registered office annually USD 210.00
    Corporate franchise fees annually USD 190.00
    annually

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of the Seychelles, it makes sense to have at least local managing directors/directors in the Seychelles. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of ‘location of decision-making power’. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides. .

    Should you intend not to take on the position of local manager/director, despite having an investor visa, we can provide you with the appropriate trustee-service that will manage this position for you – a nominee is a natural person residing in the UAE. Similarly, should you not wish to officially appear as a shareholder of your Freezone-company in RAK, even in this case we can satisfy your requirements through the use of an appropriate Nominee-company. Let’s talk about it, we are at your disposal!

    CFC-Management Packages

    The international CFC-Rules are of particular importance when a Panama company wants to, for example, send invoices to companies based abroad.

    Each country implements CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through ‘denied business expenses’ in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    CFC Management Packages

    The international CFC-Rules are of particular importance when a Seychelles company wants to, for example, send invoices to companies based abroad.

    Each country has implemented the CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through "denied business expenses" in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.