A trading license in Dubai National Industries Park enables the holders to carry out the trading of goods.

Industrial License  

By obtaining an industrial license in National Industries Park, investors can carry out manufacturing activities.

Service License 

A service license in National Industries Park authorises the rendering of professional services.

 E-Commerce License 

An e-commerce license in National Industries Park is mandatory to carry out buying and selling of goods and services over electronic networks via any electronic means.

Innovation License 

An innovation license in National Industries Park enables the investors to carry out the development of new products and services.

Types of Legal Entities in National Industries Park 

Investors must determine a legal structure before applying for a license in National Industries Park. The legal structure or legal form is dependent upon the number of shareholders and the nature of the proposed company. Business set-up consultants in Dubai can help investors to determine a legal structure for their company. Based on these two factors, investors can select any of the following legal entities recognised by the National Industries Park:

Free Zone Limited Liability Company 

A Free Zone Limited Liability Company (FZ-LLC) is an independent legal entity that can be formed with at least two shareholders. The shareholders can be individuals or corporate entities.

Branch of a Foreign Company 

Foreign companies established outside the UAE are eligible for business setup in National Industries Park. They can establish their branch office within the National Industries Park and must carry out all or some of the activities of the parent company.

Branch of a Local Company  

Companies incorporated within the UAE can establish a branch within the National Industries Park. The branch office doesn’t have a legal identity separate from the parent company. Business set-up consultants in Dubai can assist investors to set up branch offices.

Key Sectors of Focus in National Industries Park 

The National Industries Park is designed as a centre for transfer, adaptation and localisation of technology. The Park has developed technology clusters in specific sectors whose target market represents a considerable portion of global demand. Foreign investors can set up a business in National Industries Park in the following broad sectors:

• Automotive & Spare parts
• Food & Agriculture
• Petrochemicals
• Retail & E-commerce

Infrastructure & Facilities in National Industries Park 

Foreign investors are required to sign a lease agreement to avail of premises suitable for the scope and nature of their business operations in the National Industries Park. The Park provides a wide range of lease options for various types of business activities. The process of business setup in National Industries Park offers investors several ready-built facilities including warehouses, factories, offices, staff accommodations and retail stores that are available for lease. Foreign investors planning to construct facilities in National Industries Park as per their specification and design are allowed to do so by leasing a Plot of customisable land of the required area.

Company formation in National Industries Park also gives direct access to amenities and utilities that are essential for the smooth conduct of daylily business operations. Providers of services related to telecommunications, electric works, waterworks and postal services are present in National Industries Park. They offer a diverse range of services even after company incorporation in National Industries Park such as obtaining phone lines, water and power connections and a post office box number. Investors can also avail themselves of the best business setup services in Dubai to enhance their business operations.

Benefits of Business Setup in National Industries Park 

The process of business setup in National Industries Park offers a wide range of benefits for foreign entrepreneurs. Some of the major benefits are stated below:

• 100% foreign ownership
• No corporate tax
• No personal income tax
• Strategic location
• Proximity to Jebel Ali Port
• Easy access to airport and seaports
• All services under one roof
• Easy to hire foreign workers
• Excellent infrastructure
• Availability of suitable land area
• Exemption from customs duty for manufacturers under certain conditions

Compliance Requirements in National Industries Park 

Free zone, mainland and offshore companies incorporated in the UAE fall within the scope of regulations such as Economic Substance Regulations (ESR), Ultimate Beneficial Ownership (UBO) and Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT). In line with this mandatory requirement, companies licensed by National Industries Park need to ensure complain e with ESR, UBO and AML-CFT laws. For UBO compliance, companies must disclose the details of their Real Beneficiary Owners at the time of incorporation and maintain the Real Beneficiary Register (RBR) and Partners or Shareholders Register (PSR).

Similarly, companies that fall within the scope of ESR must meet requirements such as filing of ESR Notification & ESR Reports apart from meeting the Economic Substance Test. Businesses that fall within the scope of AML-CFT should register in the goAML portal system of the Ministry of the Economy, develop an AML framework and appoint an AML compliance officer. Even companies under liquidation in National Industries Park must abide by these regulations or incur hefty penalties. Hire the best business setup consultants in Dubai to avail of ESR, AML and UBO compliance services.

Choose the Best Business Setup Services in Dubai, UAE 

The process of business setup in National Industries Park enables the foreign investors to easily establish their presence in the lucrative markets of the Middle East region. However, a lack of knowledge about UAE laws and regulations may hurt their business ambitions. Choosing the bespoke business setup services in Dubai provided by Jitendra Business Consultants (JBC) helps foreign entrepreneurs to wedge this gap. JBC is one of the best business setup consultants in Dubai with over 20 years of experience.

Our knowledge about the UAE Immigration and Labour laws will help the investors to navigate the challenges of company formation in Dubai. JBC’s highly qualified consultants will guide investors through processes such as selection of business activities, determination of legal structure, applying for UAE Residence Visa, drafting & translation of legal documents etc. Our business setup services in Dubai also encompass bank account opening and compliance services related to ESR, UBO & AML-CFT. Hire our services today to ensure businesses are incorporated the right way.