Israel UAE | Business Guide | 2021

Free Zone authorities require minimum paperwork and duration. Here are the key steps: ●● Determine the type of legal entity ●● Choose a trade name ●● Apply for a business license ●● Choose an office space ●● Get pre-approvals, register your business and get your license Determine the type of legal entity ●● Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ Co.) ●● Free Zone Establishment (FZE). Types of business activities you can conduct ●● Content production ●● Advertising ●● Animation ●● Corporate Film production ●● Corporate Print Material ●● Digital content production (e.g. CGI, 3 D etc) ●● Educational content material ●● Film production ●● Gaming development ●● Graphic design ●● Illustration ●● Mobile media (e.g. content for interactive media services on mobile phones) ●● Music production and recording ●● Music videos ●● Online electronic content production (e.g. websites, e-books, travel guides etc.) ●● Performing arts and theatre ●● Photography/videography ●● Print content production (e.g. magazines, journals, periodicals, newsletters, guides and handbooks, etc.) ●● Radio content production ●● Script writing ●● Software development (e.g. applications) ●● Song writing and composing ●● TV production ●● Web design and development (e.g. portal, search engine, community site, web production, online library) Starting a Business in a Free Zone in the UAE Other business activities ● Branding Agency ● Events/Festivals ● Exhibitions/Conferences ● Information Services (e.g. media-related market research) ●● Marketing Communications ●● Media content management (e.g. digital archiving) ●● Post Production (e.g. Film, TV, editing services) ●● Professional Association (e.g. non-profit) ●● Public Relations ●● Rights Management ●● Training (media related) A. Initial approval You are required to provide: ●● Completed application form ●● Business plan ●● Copy of existing trade license /registration certificate (if you are an existing company, applicable for local company only) ●● Colored passport copies of the company's shareholder/s and the appointed Manager/Director for the new company ●● Specimen signature of the company's shareholder/s and the appointed Manager/Director for the new company ●● 2 years' audited financial reports for corporate entity or certificate of reference from a personal bank of the individual shareholder ●● NOC from current sponsor (for individuals) ●● Unit title deed ●● Letter of Intent ●● Registry Identification Code Form (RIC) for Manager/ Director (Original and notarized) B. Registration After getting initial approval, you need to pay registration fees and licence fees. The fees depend on the type of license required. Then, you need to submit: ●● Completed application for registration ●● Board Resolution appointing Manager/Director ●● Power of Attorney given to Manager/Director ●● Memorandum and Articles of Association ●● Specimen signature of Manager/Director ●● Passport-size photo of Manager/Director against white background ●● Share capital information Source: The United Arab Emirates' Government portal New Business < 73