Trading Company SetupPaging Receivers Trading

Shareholder - Individual

1. Personal documents of the shareholder, manager and authorised officers:
   • Passport copy
   • Emirates ID and UAE resident visa copies (for UAE residents)
   • Non-Objection Certificate (NOC) from the employer (if the shareholder holds a valid UAE employment visa)

Shareholder - Body Corporate

1. Certificate of Incorporation
2. Memorandum of AssociationArticles of Association
3. Specimen signature of the authorised officers
4. Board Resolution
5. Power of Attorney
6. Details of the authorized representative of the company: full name, email, phone number, residential address

1. Completed Company Registration Application containing the following basic information:
   • Legal form
   • License type
   • List of business activities
   • Two proposed company names listed in order of priority
   • Type of commercial property
   • Share capital amount
   • Shareholders ownership shares
   • Ultimate Beneficial Owners (UBO) informationUnified Identification
   • Numbers of the shareholder, manager and authorised officers (if available)
   • Contact details of the the shareholder, manager and authorised officers: email, phone number, residential address.
2. KYC Form
3. Environmental Health and Safety (EHS) Application Form
4. Business Plan

• The company's trade name must comply with Jafza requirements.
• The company's business activities must be selected from the list of business activities available in Jafza.
• The Unified Identification Number (UID) is a unique number automatically assigned to all individuals crossing the UAE border.
• The founding documents of the body corporate shareholder must be notarized, translated into English, and legalized by the UAE embassy.
• Initial approval for company registration is valid for 3 months.
• Jafza may require additional documents, such as a copy of the home country ID, a Police Clearance Certificate, a Medical Card, and others, depending on the risk level associated with the shareholder's nationality.
• Costs and terms may be increased at the discretion of Jafza.

Initial Approval for company registration

1. None (previously provided)

• The procedure for identity verification (KYC) and signing registration forms is conducted electronically in the presence of a Jafza representative via video call, with identity verification using a passport, or in person at the Jafza office.

• Registration forms include:

  • Board Resolution

  • Memorandum and Articles of Association (MoA and AoA)

Verification of the shareholder's identity

Signed registration forms in electronic form

1. None (previously provided)

• Various rental property options are available in Jafza, provided upon preliminary request and subject to availability:

1. 1. Workstation (AED 30 000/year). A dedicated workstation with a size 6 sq.m in a coworking space with unlimited access during working hours. The Workstation affords 2 visa quotas. A 10 % refundable deposit, insurance fee (AED 100/year) and one-time payment for company name plate (AED 500) will be charged.
   2. Office (AED 2 000 per sq.m./year). Office starting from 40 sq.m with unlimited 24/7 access. The number of visa quotas is determined by the rented area, calculated at 9 sq.m. per visa quota. A refundable 10% deposit, insurance fee (AED 100/year) and one-time payment for company name plate (AED 500) will be charged.
   3. Retail Spaces. Retail spaces designated for various purposes. A refundable deposit, insurance fee will be charged.
   4. Showroom. Exhibition space starting from 770 sq.m. with an adjacent warehouse and office premises, featuring a glass facade facing the main street. A refundable deposit, insurance fee will be charged.
   5. Warehouses (AED 450 per sq.m./year). Premises ranging from 313 to 670 sq.m. with unlimited 24/7 access. The number of visa quotas is determined by the size of warehouse. A refundable 10% deposit, insurance fee and public health fee (2% from the annual rent) will be charged.
   6. Land Plots (AED 40 per sq.m./year). Land plots starting from 5 000 sq.m., intended for the construction of custom-designed buildings, with options for short-term and long-term leases.
   7. Staff Accommodation. Residential rooms for comfortable living of company employees.

• Registration of a company in Jafza requires the availability of commercial premises. 
• If no suitable premises are available, it is necessary to enter the waiting list, with waiting periods potentially extending to several months.

Lease Agreement

1. None (previously provided)

• Company incorporation documents are issued in electronic form.
• Upon completion of the registration, Jafza sends the documents to the email provided in the company registration application form.

Share Register

Memorandum of Association and Articles of Association (MoA and AoA)

Certificate of Formation

License

Letter for the bank

Lease Agreement

1. License 

• The Establishment Card is required to obtain visa quotas.
• The Establishment Card Application is submitted through Dubai Trade portal upon completion of the company registration.
• The Establishment Card is valid for 1 year.

Establishment Card in electronic form

• Passport copy
• Legalized diploma copy (if applicable)

• Jafza sets the list of positions for which qualification must be verified through an educational diploma.
• A legalized diploma copy must be certified by the Ministry of Foreign Affairs of the issuing country, the UAE Embassy, the Ministry of Foreign Affairs of the UAE and Ministry of Education of the UAE and translated into Arabic.

Signed employment contract

1. Passport copy (main page and page with the UAE entry stamp)
2. Emirates ID copy (if the applicant was previously a UAE resident)
3. Legalized diploma copy (if applicable)
4. Digital passport-size photo
5. Completed Visa Application form containing the following basic information:
   • Service fee (regular or VIP)
   • Current visa status (if the applicant is in the UAE)
   • Religion
   • Native language
   • Marital status
   • Mother's full name
   • Education (degree)
   • Position in the company
   • Conditions of cooperation with the company
   • Applicant contact details: email, phone number, permanent residence address in the home country and the UAE (if available)

• If an applicant received an E-visa while being inside the UAE, or entered the country by an Entry Permit, he/she has to stay in the UAE until he/she has a UAE resident visa (E-residency).
• However, if the applicant plans to leave the country before obtaining resident status, the Entry Permit/E-visa must be canceled, and a fee must be paid. The visa allocation process has to be started all over again.
• The applicant's passport must have a remaining validity of at least six months at the time of applying for the Entry permit/E-visa.
• Jafza may require additional documents, such as a copy of the home country ID, a Police Clearance Certificate, and others, depending on the risk level associated with the applicant's nationality.

Entry Permit/E-visa

1. None (previously provided)

• This step applies if the applicant is in the UAE at the time of applying for the E-visa.

Status Change document

1. None (previously provided)

Jafza offers two options for undergoing a medical fitness test:

• Within the established Jafza list of medical centers:

• The results will be automatically uploaded to the Jafza portal.
• The cost of the fee may vary based on the speed of processing results:

1. 1. 24 hours – AED ?
   2. ?4 hours – AED ?

• ? Independently at any authorized medical center in the UAE:

• The results will be automatically uploaded to the Jafza portal.
• The cost of the fee may vary based on the location of the medical fitness test and the speed of processing results:
  1. 24 hours – AED 320
  2. 30 minutes – AED 750

Medical fitness test application with an appointment

1. None (previously provided)

Emirates ID application with a biometric data submission appointment

1. Original passport
2. Entry Permit/E-visa
3. Status Сhange document (if applicable)
4. Medical fitness test application with an appointment

• The purpose of the medical fitness test is to check for the presence/absence of infectious diseases that may pose a threat to public health in the UAE.
• The medical fitness test requires personal attendance and consists of two stages:
  1. Blood Test: check for HIV, tuberculosis, hepatitis B, and hepatitis C
  2. Chest X-ray: check for tuberculosis
• The medical fitness test takes about 30 minutes, while the rest of the time is spent waiting for the results.
• The validity period of the Medical Certificate is 90 days.

Medical Certificate

• Personal documents of the applicant:
  1. Passport copy
  2. Entry Permit/E-visa
  3. Status Сhange document (if applicable)
  4. Medical Certificate
• Corporate documents:
  1. License
  2. Establishment Card

• The Medical Insurance Policy must be uploaded to the Dubai Trade portal.
• The fee may vary depending on the chosen insurance company.

Basic Insurance Policy

1. Original passport
2. Entry permit/E-visa
3. Status Сhange document (if applicable)
4. Medical Certificate
5. Emirates ID application with a biometric data submission appointment

• The biometric data submission requires personal presence and involves fingerprinting, which is used for identity verification.
• Waiting for the scheduled appointment for biometric data submission may take from 1 to 20 days, depending on the workload of the regulatory authority.
• Biometric data is not submitted if the applicant previously held a UAE resident visa.

Stamped Emirates ID application with a biometric data submission appointment

1. Stamped Emirates ID application with a biometric data submission appointment
2. Medical Certificate

• The visa (E-residency) is digital and does not need to be physically affixed to the passport.
• The validity period of the UAE resident visa is two years.

UAE resident visa (E-residency)

1. Passport copy

• Emirates ID plastic card is delivered to the address provided in the Emirates ID application.

Emirates ID plastic card

1. Corporate documents:
   • License (if applicable);
   • Memorandum of Association and/or Articles of Association (MoA and/or AoA);
   • Certificate of registration (if applicable).
2. Personal documents of the shareholder, general manager, and bank account signatory:
   
   • Copy of the passport;
   • Copy of UAE resident visa (E-Residency);
   • Copy of Emirates ID;
   • CV (work experience, education);
   • Personal bank account statement for the last 6 months.
3. For the bank account signatory:
   
   • Proof of residential address in the UAE (utility bill or bank statement);
   • Contact information: email, UAE phone number.
4. Commercial site lease contract (office or special purpose premises).
5. Information about the company's planned transactions (jurisdictions, turnover, counterparties). The application form will be provided by UPPERSETUP.

• The bank is chosen on an individual basis, depending on the needs and profile of the company.
• The cost of assistance, required documents and the timeline for opening a corporate account may be revised depending on the selected bank and risk factors associated with the company's profile, including but not limited to the company's direction of business, the profile of shareholders and potential counterparties.

Corporate bank account details
Active access to online banking