MEYDAN & JEBEL ALI FREE ZONE COMPANY FORMATION

Meidan Free Zone Company Establishment and Visa Issuance Guide

License Type

[4649.09] Wholesale of perfumes, cosmetics, beauty products, and soaps

[4790.00] E-commerce

[4772. 92] Perfume and cosmetics trading

Flexibility

Mainland offices can be set up by obtaining a NOC (No Objection Certificate)
Free license modification fee when adding a visa

Accessibility

Located in the heart of Dubai, 15 minutes from Dubai International Airport
World-class facilities based in the luxurious Madan Hotel

Costs and fees:

Business license and single-person visa allocation: 5,200 euros
Immigration Card - 100 euros
Company incorporation fee - 2,000 euros
Management fee - 800 euros

Includes services for applying for a VIP residence visa

Required document preparation

Accompanying an experienced staff member to the medical center

Premium vehicle service for visiting and returning from the medical center

Processing of visa issuance and ID card issuance after completing the medical examination

Other service costs and fees:

Visa application service (investment/partner/employment): 2700 EUR (valid for 2 years)
VIP medical and EID - 2000 EUR per visa (confirmation of medical results within 2 hours)
Change of visa status: 1000 EUR
Company seal - 350 EUR
Support for opening a local bank corporate account - 5300 EUR
Support for opening a local bank personal account - 3000 EUR
Opening a virtual account: 400 EUR

Shared desk service:

- Provide a physical address and location for operation

- Shared office-based offices are provided, and specific locations are not guaranteed

- You can use the shared desk for 4 hours per month

* It is provided for the business address, and you can use it for 4 hours per month, but it may not always be available as it is shared with other users.

JAFZA (Jebel Ali Free Zone) Company Establishment and Visa Issuance Guide

License Type

[513206] Perfume and Cosmetics

Requirements:

A company must have a minimum capital of 500,000 AED (approximately 13 million won).

The company must have a minimum of 30 employees.

Nationality - All nationalities are accepted for initial approval.

Visa - Jafza specifies one visa quota per 9 square meters of facility area (Visa is linked to the facility).

Required Minimum Facility -

At least two visas are provided with the workstation as the smallest package (No license only or zero visa packages are provided).

Activity - Refer to the document on preferred activities or visit the DED website for more details and explanations.

Cost and Fees:

Registration Fee - Branch/FZE (Sole Proprietor)/FZCO (Company): 5,100 EUR (one-time payment)

Company formation fee – 2,000 EUR

Management fee – 800 EUR

Types of licenses offered and their cost (multiple licenses can be obtained within the same company)

Trade with up to 7 activities in one group: 4,700 EUR (1 year)

Trade with up to 12 activities in two groups: 6,200 EUR (1 year)
Service license: 6,300 EUR (1 year)
E-commerce license: 6,300 EUR (1 year)

Facility usage fee:

Minimum facility – 19,000 EUR annual workstation usage fee + 10% of the total rental amount as a deposit.

Two visas can be applied for.
Office: 1,000 to 1,800 euros per square meter + 10% of the total rent as a deposit + annual insurance fee of AED 4 per square meter.
Warehouse: €700 to €1,600 per square meter + 10% deposit of the total rent + 2% annual Public Health Levy + €300 annual insurance fee.

Other costs:

All facilities require a Compute Immigration Card (CIC) - 1,700 euros (1 year)
The cost of the employment visa is the same as in the mainland, and the validity period is two years, including the UAE ID and medical expenses.

Visa package services:

General: Estimated duration: 3-4 weeks / Validity period: 2 years / Cost: 2,300 EUR

Express: Estimated duration: 1 week / Validity: 2 years / Cost: 3,000 EUR

VIP Medical: Estimated duration: 1 week / Validity: 2 years / Cost: 32,000 EUR

Other services:

Change of visa status in one's home country: 1,200 EUR

Offer Letter: 500 EUR

If the applicant chooses “Partner” or “Investor” as their official position when applying for a visa: 400 EUR Extra

Facility-related initial approval and post-booking procedures

Signing of legal documents: Initials on all pages (sign directly at Jafza or online)
Acceptance of the sales offer: Once the legal documents are signed, the sales offer is sent.
Payment: Confirm payment details in the sales proposal
Signing the lease agreement: A lease agreement is created when payment is allocated to the portal
Receiving official documents and keys

Office options in Jafza

The minimum facilities required for a license are workstations (required)

*Workstations are located in large offices with multiple workstations, and one workstation is allocated to one company. The workstations have been installed on the floor and have electrical wiring and air conditioning. Customers must apply individually to the telecommunications company for landline phones, internet, etc. Rent includes the Dubai Electricity and Water Authority (DEWA) fee. The pantry and bathroom are shared and located outside the office. The size of the workstation is between 5 and 7 square meters. Only one person can work at a time. The workstation has one desk, one drawer, and one chair.

Requirements and documents to be prepared for incorporation:

1. A copy of the shareholder/director's passport

2. Original verification of the shareholder/director's passport

- Korean passport: A copy of the English passport (issued by the district office) ( View sample )

- Passport of other countries: Certified True Copy or Notarial Certificate ( View sample )

3. A recent (within 3 months) English address verification document of the shareholder/director

- Residence in Korea: English certified copy or abridged copy (resident center)

- Residence in other countries: Utility Bill or Bank Statement (or equivalent official document) (View Sample)

4. Fill out the Company Establishment Application Form

*If you wish to open an account after establishment, please contact us in advance.

Procedure:

1. Submit the required documents of the shareholder/director to be registered.

2. Evaluate the suitability of the establishment of the corporation and the verification of the customer's due diligence.

3. Pay the establishment fee.

4. Confirm the availability of the corporation name and finalize it.

5. Sign the corporate establishment documents prepared by CJ and send them by international mail.

6. Receive the documents and proceed with the establishment.

7. Complete the establishment of the corporation.

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