HomeFree Zone Company - Dubai Queen Elizabeth Freezone - Sportswear Trading

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Trading Company SetupSportswear Trading

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Dubai Queen Elizabeth Freezone logo
JurisdictionDubai Queen Elizabeth Freezone
Service
Short description

This company can engage in the sale of sportswear for active sports, including socks, shoes, hats, gloves, balls, bags and training suits. 

About the company's activities
Types of activities

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

  • Sports Wear Trading (4771107). Includes reselling sportswear for exercising sports, including socks, shoes, hats, gloves, balls, bags and training suits.

The company can engage in up to three business activity types from "Sports equipment trading" 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 DUQE company is AED 50,000. Its contribution is optional.

  • If a sole shareholder plans to obtain an Investor visa, his/her share in the share capital must be AED 100,000. 
  • If there are two or more shareholders, each must have a share in the share capital of at least AED 50,000.
Company Name Requirements
  • Must not be identical or similar to local/global brands or registered trademarks
  • Must not contain the names of local/international religious, political or governmental organizations
  • 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 Queen Elizabeth Freezone
  • Description:

    DUQE (Dubai Queen Elizabeth Freezone) is a free economic zone (free zone) established in 2022 in the Emirate of Dubai, located aboard the famous cruise liner Queen Elizabeth 2. Its location on the ship provides a unique and prestigious business environment, associated with high standards of quality and innovation. The free zone is owned by the government entity Ports, Customs, and Free Zone Corporation (PCFC), which is responsible for overseeing and regulating ports, customs, and free economic zones.

    DUQE specializes in trade, logistics, and professional services. Companies registered in DUQE are permitted to conduct business within the free zone and beyond the UAE.

    DUQE issues the following types of business licenses:

    • Commercial (wholesale and retail trade)
    • Professional (provision of services).

    With its modern and creative business center, DUQE serves as an ideal launchpad for both new entrepreneurs and experienced business owners.

Advantages

The DUQE company registration provides various benefits and opportunities for entrepreneurs:

  • Access to local and global markets. Companies registered in the free zone can conduct business within the free zone and beyond the UAE. This helps to expand business, create and strengthen partnerships and and enables interaction with clients and partners worldwide.
  • Strategic location. The free zone is located on the legendary Queen Elizabeth 2 liner docked at Port Rashid. Port Rashid is one of the major seaports in Dubai, providing easy access to international markets via sea and air routes.
  • Remote company registration. The free zone enables entrepreneurs to establish their business remotely, without the need for physical presence in the UAE, providing convenient access to the registration process from anywhere in the world.
  • Full profit control. The free zone enables foreign entrepreneurs to retain 100% ownership of their company, granting full control over profits and unrestricted capital repatriation outside the UAE. This fosters an optimal environment for strategic financial planning and efficient business management, free from limitations on economic activities.
  • Wide range of business activities. The free zone offers an extensive list of business activities, enabling entrepreneurs to develop projects in various industries, including trade, e-commerce, and services.
  • Infrastructure. The Queen Elizabeth 2 liner attracts entrepreneurs not only due to its modern office spaces but also because of its hotel, restaurants, cafés, and leisure areas. This provides a comfortable environment for work, relaxation, and networking, fostering a productive and convenient business atmosphere.
Offices/Premises

Various rental property options are available within DUQE, provided upon preliminary request and subject to availability:

  • Virtual Office (AED 0/year). An official registered address without the need to rent a physical office solution. Included in the registration packages. The Virtual Office doesn't afford any visa quotas.
  • Flexi Desk. DUQE provides complimentary access to the coworking for the first 6 months, after which the following rates apply:
    • Bronze (AED 2,500/3 months). A workspace in the coworking with access for 60 hours over three months.
    • Silver (AED 3,750/6 months). A workspace in the coworking with access for 120 hours over six months.
    • Gold (AED 5,000/year). A workspace in the coworking with access for 240 hours over a year.
  • Dedicated Desk (AED 12,000/year). Dedicated workspace in a coworking with unlimited access during working hours and six hours of conference room use per month.
  • Private Office:
    • Office view (AED 55,000/year). A furnished office with a view of office premises, access during business hours, and 10 hours of conference room use per month.
    • Star board view (AED 45,000/year). A furnished office with a view from the starboard side of the ship, access during business hours, and 10 hours of conference room use per month.
    • Port view (AED 65,000/year). A furnished office with a view of the seaport, access during business hours, and 10 hours of conference room use per month.
Tax Regime and Profit Management

The UAE imposes a variety of 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 VAT rate of 5%, which applies to most goods and services and is charged to companies operating within the country, except for those registered in designated zones.
    • A Designated Zone is a territory within a free zone that is treated as outside the UAE for tax purposes, allowing goods to be exempt from taxation, provided certain criteria are met. The main taxation rules in Designated Zones are:
      • Designated Zones are listed in the Cabinet Decision to Federal Decree-Law No. (8) of 2017 on Value Added Tax (VAT).
      • Goods tranferred between or within Designated Zones are not subject to VAT.
      • The export and import of goods between a Designated Zone and a foreign company are also VAT-exempt.
    • For local companies and those registered in Non-Designated Zones (free zones not included in the Designated Zones list), the standard tax rules set forth in the Federal Decree-Law on VAT apply.
      • Companies with an annual turnover exceeding AED 375,000 are required to register with the Federal Tax Authority (FTA) as VAT taxpayers.
      • Companies with a turnover between AED 187,500 and AED 375,000 may register on a voluntary basis.
      • Companies can offset VAT paid on purchases of goods and services (input VAT) against the VAT they collect on sales (output VAT), shifting the tax burden to the final consumer.
      • Some goods and services may be exempt from VAT or taxed at a 0% rate, such as international transportation, educational, and medical services.
  2. Corporate Tax:
    • As of June 1, 2023, the UAE has introduced a corporate tax at a rate of 9%, levied on the taxable net profit of companies with income exceeding AED 375,000.
    • A 0% rate is applied to taxable income not exceeding AED 375,000.
    • Charitable, non-profit organizations and medical institutions are fully exempt from corporate tax.
  3. Excise Tax:
    • Since October 1, 2017, the UAE has introduced an excise tax aimed at reducing the consumption of harmful products and funding healthcare initiatives.
    • The tax applies to alcohol, tobacco products, and beverages containing added sugar, including energy and carbonated beverages.
    • Excise tax rates vary by product category:
      • 50% on carbonated drinks (excluding mineral water)
      • 100% on tobacco products
      • 100% on energy drinks
      • 100% on electronic smoking devices and related liquids
      • 50% on products containing added sugar or sweeteners.
    • Companies dealing with excise goods must register with the Federal Tax Authority (FTA), submit monthly declarations, and maintain records. Excise tax is paid upon the import, production, or release of goods for consumption in the UAE.
  4. Customs Duties:
    • Custom duties in the UAE are applied to most imported goods at a standard rate of 5% of the cost, insurance, and freight (CIF). Some product categories, such as pharmaceuticals and food items, may be exempt from duties or subject to reduced rates.
    • Goods imported into the UAE's free zones are generally not subject to customs duties as long as they remain within these zones. However, once such goods are moved to the UAE mainland, standard duties apply.
  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 salaries, interest, dividends, inheritances, gifts, luxury goods, and capital gains.
  6. Other Local Taxes and Fees:
    • Individual emirates may impose specific local taxes and fees in line with their economic and social needs.
    • These taxes and fees are aimed at supporting public services and implementing infrastructure projects.
Resident Visas

DUQE offers the following main types of UAE resident visas for foreign investors and company employees:

  • Investor Visa:
    • Issued to foreign investors and entrepreneurs who invest in or acquire companies.
    • Allows for business management, living, and working in the UAE.
    • Grants the right to sponsor family visas.
    • Valid for two years but can be canceled if the investor is absent from the UAE for more than six months.
  • Employment Visa:
    • Issued by the company for its foreign employees.
    • Permits residency and employment in the UAE.
    • Depending on the job position, education and specialization may need to be verified.
    • Valid for two years but can be canceled if the employee is absent from the UAE for more than six months.
    • Can be renewed alongside the employment contract.
  • Dependent Visa (for family members and domestic staff):
    • Issued to the sponsor's family members and accompanying domestic staff (nannies, housekeepers, caregivers, etc.).
    • Permits residency in the UAE.Valid for two years.

Order service directly at DUQE

Total:

Order the support of an authorized platform partner

Plan:
Standard
Premium
Total:

Order services directly through DUQE

With the assistance of our platform manager, who will provide you with service instructions, arrange meetings with DUQE 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 DUQE 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 DUQE 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
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