Free virtual options trading account dubai
Accordingly, the first step to getting started is to meet with the DWC Sales team and agree on the type, location and size of premises to be leased. There are two registration options: Provided that the security checks have been cleared and the application fee and all supporting documentation are present and correct, the registration and licensing process can be completed within as little as 1 day. A Branch is a representative office free virtual options trading account dubai a legal entity which already exists outside of the DWC Free Zone local or international.
A Branch does not have a separate legal personality, and it derives free virtual options trading account dubai power and authority from the parent entity. A Branch must have a General Manager who is responsible for the day-to-day operation of the Branch, but it will not have a free virtual options trading account dubai of directors or company secretary. A Branch must retain the same name as the parent entity and end with the designation Branch.
A DWC limited liability company is a new legal entity with its own legal personality. The liability of its members shareholders is limited to the value of the share capital they hold in the company. Shareholders, Directors and the Company Secretary can be located anywhere in the world. If the capital is AED 1, or more, then a proof of capital is required. The consideration for which a share in a Free Zone Establishment is issued may take the form of cash or non cash consideration.
The Branch must be immediately related to the existing entity. A Branch cannot undertake any business activity which the existing entity is not already authorised to undertake. Commercial Licence — free virtual options trading account dubai the holder to carry out specified commercial services including general trading and logistics services; Service Licence — allows the holder to carry out services specified in free virtual options trading account dubai Licence within the DWC Free Zone and elsewhere in the UAE; Industrial Licence — allows the holder to carry out specified light manufacturing activities; and Education Licence — allows the holder to carry out educational and social services, educational aid training, and educational consultancy services; Please refer to DWC Free Zone and Administration Rules and Regulations on this site under Commercial Business for a detailed description of these licences.
A trading activity and a service activity cannot be issued under the same licence. Yes, in limited cases. For example, a company with a service license could provide consultancy services to clients outside of the DWC Free Zone and a company providing logistics services under a commercial licence could pick up and deliver but not sell free virtual options trading account dubai within the UAE. However, trading activities under a commercial license only permit the holder to sell completed products in the UAE market through a local registered distributor or a commercial agent in the UAE.
Different restrictions apply free virtual options trading account dubai different licence categories. Leasing and investment activities are only permitted within DWC. DWC has a wide range of products from the business centre upward that will suit different types of business needs.
To qualify for and to hold a licence, the applicant must be in possession of a free virtual options trading account dubai lease for office space, warehouse space, or development land within the DWC Free Zone or have a service contract with the DWC Business Centre. Only if a change in ownership triggered a change of name, registered office or a change in the business activities free virtual options trading account dubai the parent entity would this need to be notified.
The form for such changes can be found on this site under Commercial Business. A change in ownership must be notified to the Free Zone Administration Department. To confirm the transfer of shares from the original owner transferor to the new owner transfereethe following must be submitted along with a covering letter to the Free Zone Administration Department: This responsibility usually falls to the Company Secretary, although the Board of Directors can resolve to appoint an alternate person or professional third party, such as a lawyer, to handle the filing.
A change in ownership will have no legal effect until the Free Zone Register has been updated with the details of the new owner, even if consideration has already been exchanged in respect of the transfer or sale of shares. The fees for a change of ownership are currently AED 2, payable in advance. All amendments related to the licence i. We strongly recommend that professional advice is taken in respect of any share sale or transfer.
The Board Resolution needs to confirm the names of the transferor and the transferee free virtual options trading account dubai the number of shares being transferred or purchased, and refer to and approve the instrument of transfer i.
The Board Resolution also needs to instruct and authorise the Company Secretary or other third party to handle the filing and processing of the transfer with the Free Zone Administration Department. If a transfer has been registered by the Free Zone Administration Department and pre-emption rights have not been followed, the transfer can be challenged by the existing shareholders lodging a complaint in writing with the Free Zone Administration Department.
The Amendments need to reflect the change of ownership of the company, stating the names, addresses and shareholding of all shareholders after the transfer. The Amendments must also be signed by each shareholder, confirming their agreement to the amended documents. The Free Zone Administration Department will cancel the original share certificate and issue a new share certificate in the name of the new owner, and stamp and seal the Amendments to the Memorandum and Articles of Association.
The change of ownership is legally effective as soon as the Free Zone Register has been updated. If the transferor is listed as an Officer of the company i. However, all amendments will be subject to review and approval of the Free Zone Administration Department, and this could delay the time it takes to process a registration. Audited financial statements must be submitted annually.
Notarisation authenticates signatures that appear on a document. The Notary Public will insist on witnessing the signature and any supporting documents which certify the identity of the signatory such as a passport.
In the event that the document is being signed on behalf of a company, the Notary may need to see evidence that proves the individual signing is authorised to do so by the company.
Attestation can be best described as the process whereby a document is certified to give it legal standing internationally, which is why this process is also occasionally referred to as legalisation or an apostille. Please refer to the requirement checklist. We provide certified true copies of corporate documents eg. Certificate of Incorporation, Trade Licence etc. We also provided confirmation of basic register information such as the name and address of the FZE, directors and other officers upon request of the FZE.
However, we do not notarise Board Resolutions, Powers of Attorney or similar documents. A registered office can be a location anywhere in the world, however, it should be a location from which correspondence is easily retrieved. All correspondence delivered to a registered address will be deemed validly served and notified provided proof of delivery exists.
We accept documents and application forms completed in English or in Arabic only. The cost of first registration are included in the license fee please see below. The fees for all licences except General Trading are currently AED 10, per annum, per licence, payable in advance.
All DWC Free Zone administration fees are payable in advance in accordance with the rates and charges set out in the Tariff in force from time to time. Payments can be free virtual options trading account dubai in cash or cheque at the Free Zone Administration counter or by free virtual options trading account dubai transfer in local currency to the following account: Sheikh Maktoum bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has issued the law number 4 for on levying an additional fee on each transaction at government, quasi-government or public entity.
The third article of the law provides for collecting an additional fee of 10 Dirhams, thereinafter called the 'Knowledge Dirham' for each transaction done at any public department of the emirate. According to the law, proceedings from the 'Knowledge Dirham' fee shall be deposited in free virtual options trading account dubai special local bank account in the name of Dubai Executive Council.
The Council, as per the law, shall allocate an annual budget to support social and cultural development initiatives based on the proceedings. Emirates Post are offering P. Box services tailored to meet your needs. Please check their website http: However, there is a plan to open a branch within DWC in the near future.
The closest is Jebel Ali Post Office which is open from 7: For all queries, you may contact the Call Centre on 5 from 7: You have free virtual options trading account dubai submit to Emirates Post a completed Corporate application form which can be downloaded from http: You can get the fee structure by calling the Emirates Post Call Centre, or visiting their branch or website http: No, we do not provide template employment contracts.
The terms and conditions of employment contracts are a matter of negotiation and agreement between the employer and the employee. Development Regulations and Guidelines are available here. Thank you for visiting the Dubai South website. If you have any questions, would like to arrange a visit or speak with an executive, please use the form below to get in touch with us. Within Free virtual options trading account dubai toll free: Kindly provide your information and we will attend your request within 2 working days.
Thank you for registering with us One of our representatives will contact you soon.
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It will be interesting to see the effects of future laws addressing the high instances of fraud in this industry. Given the profitability of this industry, and the fact that much of its presence is online, it may just transition to new jurisdictions or exploit loopholes that commonly exist in developing legislation. Regulators will also need to continue educating the investing public to mitigate the harmful effects of this industry.
Financial institutions from many jurisdictions can assist in these endeavours by identifying the relevant activity, talking to their clients and free virtual options trading account dubai what they know to the appropriate regulatory authorities.