HomeFree Zone Company - Dubai South - Audio-Visual, Recording Equipment and Accessories Trading

Article: 2713

Trading Company SetupAudio-Visual, Recording Equipment and Accessories Trading

Information verified with the provider on

Dubai South logo
JurisdictionDubai South
Service
Short description

This company can engage in the sale of audio-visual electronic equipment, involving radio sets, gramophones, loud-speakers television and video sets, cinematography projectors, slides projectors, instant translators. The activity can also include cinematography and television photographing systems.

About the company's activities
Types of activities

The following business activity has been selected for the Dubai South company setup:

  • Audio-Visual, Recording Equipment & Accessories Trading (4742001). Includes reselling audio-visual electronic equipment, involving radio sets, gramophones, loud-speakers television and video sets, cinematography projectors, slides projectors, instant translators respectively, also, cinematography and television photographing systems.

The company can engage in up to three business activity types from one industry group under the same license without additional fees.

Additional External Regulator Approvals

No additional approvals are required to register a company conducting this business activity.

Share Capital Requirements

The minimum share capital required for Dubai South company is AED 300,000. Its contribution is optional.

Company Name Requirements
  • Must not contain the names of Allah or God, or any other religious terminology
  • Must not contain geographical names, such as the names of emirates, cities, countries and other landmarks
  • Must not infringe any third party's intellectual property rights
  • Must not violate the UAE laws or contain words that are obscene, indecent or generally offensive
Bank Account

Entrepreneurs are provided with the opportunity to open a corporate account in classic banks with physical branches, as well as in digital banks and in payment systems.

When choosing a bank to open a corporate account, factors such as the level of service, fees, available currencies, convenience of online banking, the reputation of the bank and other conditions that may be important for business should be taken into account.

Successful corporate bank account opening requires a well-prepared document package, which may vary depending on the specific requirements of a particular bank.  Incorrectly or incompletely submitted documents may negatively affect the final decision of the bank in processing the application for opening a corporate bank account.

About Jurisdiction
Name and Description
  • Title: Dubai South
  • Description:

    Dubai South is a free economic zone (free zone) established in 2006 in the Emirate of Dubai, UAE. The Dubai South district, covering 145 km², is built around Al Maktoum International Airport, the largest airport under construction in the world. With seamless access to seaports, airports, and major roads, the logistics district offers unrivalled speed, connectivity, and flexibility for contract logistics, integrators, forwarders, agents, and traders. Dubai South specializes in logistics, trade, services, and industry due to its strategically important location not only near Al Maktoum International Airport but also Jebel Ali Port and Etihad Rail, which significantly facilitates the import and export of goods. A company registered in Dubai South has the right to conduct business within this freezone and outside the UAE.

    Dubai South issues licenses for conducting business in the following sectors:

    • Trade;
    • Services;
    • Industry;
    • Logistics;
    • Education.

    Dubai South offers innovative business solutions and provides a developed infrastructure, making this freezone attractive to entrepreneurs.

Advantages

The Dubai South company registration provides various benefits and opportunities for entrepreneurs:

  • Access to local and global markets: Companies registered in Dubai South can successfully conduct business activities both within the free zone and outside the UAE. This facilitates business expansion, the creation and strengthening of partnerships, and interactions with clients and partners worldwide.
  • Wide range of activities: Dubai South offers a wide range of business activities, including trade, logistics, manufacturing, services, and education.
  • Profit control: Foreign investors have the right to 100% ownership of a company in Dubai South, ensuring them full control over profits and the freedom to repatriate capital outside the UAE.
  • Logistics capabilities: Dubai South actively engages in logistics operations due to its strategic location and developed infrastructure connections, providing direct access to the EZDubai e-Commerce Zone. Proximity to Al Maktoum International Airport, Jebel Ali Port, and Etihad Rail makes this free zone even more versatile and in demand in the market.
  • Aviation support: Dubai South creates ideal conditions for aviation companies within the Aerospace Hub, offering specialized facilities and infrastructure, including modern hangars and spaces for maintenance, repair, and overhaul, making the zone attractive to the aviation industry.


Offices/Premises

Dubai South provides office spaces and commercial premises tailored to business needs:

  1. Smart desk (1 to 2 visa quotas): a workspace in a coworking area with access for up to 5 hours of access per week during business hours.
  2. Smart Office (3 visa quotas): equipped office with access for up to 5 hours per week during business hours.
  3. Private office for rent (based on 8 m² per 1 visa quota): office with 24/7 unlimited access.
  4. Logistics complex: a multi-tenanted warehousing facility ranging from 700 to 2,500 m², adaptable to business needs with access to the retail area.
  5. Logistics house: single user warehouse ranging from 3,660 to 7,300 m² for companies with extensive storage requirements.
  6. Freight complex: shared warehouses for processing fast-moving cargo ranging from 80 to 1,400 m², adaptable to business needs.
  7. Freight house: purpose built logistics facility ranging from 3,100 to 6,200 m² with access to a multimodal distribution network.
  8. Logistics plot: land plots ranging from 3,500 to 50,000 m² with lease options up to 50 years.
  9. Build-to-suit development: customized building construction tailored to specific company technical requirements with lease options starting from 10 years. The project development takes less than 15 months without the need for capital expenditure.


Tax Regime and Profit Management

The UAE has several taxes and fees that regulate the financial activities of both legal entities and individuals. Below are the main ones:

  1. Value Added Tax (VAT):
    • Since January 1, 2018, the UAE has implemented a 5% VAT rate. The UAE is among the top 10 countries globally with the lowest VAT rate as of 2023.
    • Foreign companies in the oil and gas sector are subject to a 55% rate, and foreign banks face a 20% rate.
    • Companies with an annual turnover exceeding AED 375,000 are required to register with the Federal Tax Authority (FTA) as VAT taxpayers.
    • Some goods and services may be exempt from VAT or subject to a 0% rate, such as international transportation, educational and medical services, and more.
  2. Corporate Tax:
    • It is a direct tax imposed on a company's taxable net profit.
    • Starting from June 1, 2023, a 9% corporate tax is levied on companies with profits exceeding AED 375,000.
    • A 0% rate is applied to taxable income below AED 375,000.
    • Charitable and non-profit organizations, as well as educational and medical institutions, are fully exempt from CPT.
  3. Excise Tax:
    • It is an indirect tax imposed on specific excise goods deemed harmful to human health or the environment. Examples include alcohol, tobacco products, and sugary beverages, including energy and carbonated drinks.
    • Excise tax rates vary depending on the category of goods: alcohol is taxed at 30% of the retail price, tobacco products at 100%, sugary beverages at 50%, and energy drinks at 100%.
  4. Customs Duties:
    • A list of over 700 items is exempt from customs duties. For items not on this list, the rate is 5% of their value. 
      Goods exported from the UAE or imported by charitable organizations, Arab countries, and Gulf Cooperation Council countries (with a certificate of origin) are not subject to customs duties.
    • Starting from January 1, 2023, when purchasing items worth more than AED 300 from foreign online platforms, a 5% customs duty and 5% VAT are required. Items below AED 300 are exempt from customs duties.
  5. Personal Income Tax:
    • In the UAE, personal income is not subject to taxation.
    • UAE citizens and residents are exempt from paying taxes on their personal income, including wages, interest, dividends, royalties, inheritances, gifts, capital gains, and other sources of income.

All companies registered in Dubai South are required to undergo an annual audit and submit financial and tax reports.

Resident Visas

Dubai South offers the following main types of UAE resident visas for foreign entrepreneurs and company employees:

  1. Investor Visa:
    • Provided to foreign investors and entrepreneurs who invest funds in a business registered in Dubai South through the establishing or acquisition of a company.
    • Allows investors to manage their business in Dubai South, as well as to live and work in the country.
    • Entitles the holder to sponsor his/her family.
    • Issued for two years but may be canceled if the holder is absent from the UAE for more than 6 months.
  2. Employment Visa:
    • Sponsored by the company for its foreign employees.
    • Allows the holder to legally reside and work in the country.
    • Requires proof of education and qualifications in the applicant’s respective field.
    • Issued for two years but can be renewed along with the employment contract.
  3. Dependent (Family and Maid) Visa:
    • Provided to the sponsor’s family members and (accompanying) domestic workers (nannies, maids, nurses, etc.).
    • Allows holders to reside in the UAE.
    • Issued for two years.

Order service directly at Dubai South

Total:

Order the support of an authorized platform partner

Plan:
Standard
Premium
Total:

Order services directly through Dubai South

With the assistance of our platform manager, who will provide you with service instructions, arrange meetings with Dubai South representatives, and assist in coordination

  • Direct access without intermediaries
  • No additional fees
  • No commissions

Choose our "Standard" plan

Receive expert guidance from an authorized consultant who will manage the entire process of obtaining Dubai South services

  • Time-saving
  • Predictable outcomes
  • Personal expert assistance
  • Business-class transportation to service locations
  • Minimal involvement required

Opt for our "Premium" plan for top-tier expert guidance

An elite consultant will oversee the process of obtaining Dubai South services, ensuring a seamless experience

  • VIP airport reception in Dubai for one person
  • Premium-class airport-hotel-airport transfers
  • Expedited VIP procedures
  • Guaranteed results
  • Personal expert available 24/7
  • Premium-class transportation to service locations
  • Minimal involvement required
UPPERSETUP Logo

Online platform for business registration in the UAE

Phone:

+971 52 184 1181
Company registrationBecome a PartnerResourcesAboutContacts
© 2024 UPPERSETUP Technology Ltd. All content on this site is protected by copyright
Send WhatsApp message