International Humanitarian City (IHC)
International Humanitarian City (IHC)
Welcome to Prodigy Corporate Services – Your Trusted Partner in Business Setup in Dubai, UAE
At Prodigy Corporate Services, we are committed to providing exceptional business setup solutions in Dubai, UAE. As a leading provider in the region, we understand the importance of collaboration and support, particularly in the humanitarian sector. That’s why we are proud to highlight the International Humanitarian City (IHC), a remarkable initiative that aligns with our values and mission.
The International Humanitarian City (IHC) is a vibrant hub located in Dubai, UAE, dedicated to facilitating humanitarian efforts on a global scale. It serves as a dynamic platform where organizations, businesses, and governments come together to address pressing humanitarian challenges and foster impactful collaborations. With its strategic location, state-of-the-art infrastructure, and supportive ecosystem, the IHC has emerged as a vital player in the global humanitarian landscape.
Prodigy Corporate Services recognizes the significance of the International Humanitarian City and its role in promoting humanitarian endeavors worldwide. As a business setup company in Dubai, UAE, we are passionate about supporting organizations that contribute to the greater good. By aligning our services with the IHC’s vision, we aim to facilitate and enhance the presence of businesses and organizations within this thriving humanitarian community.
By choosing Prodigy Corporate Services for your business setup needs, you gain a trusted partner who understands the unique requirements of operating within the International Humanitarian City. Our experienced team possesses extensive knowledge of the regulatory framework, licensing procedures, and industry-specific guidelines. We offer comprehensive solutions tailored to your specific needs, ensuring a seamless and efficient setup process, so you can focus on making a positive impact.
When you partner with Prodigy Corporate Services, you benefit from our unwavering commitment to excellence, reliability, and personalized support. We leverage our expertise and deep understanding of the business landscape in Dubai, UAE, to guide you through every step of the setup process. Our services include company formation, licensing assistance, visa processing, PRO services, and more.
Join hands with Prodigy Corporate Services today and experience a streamlined and hassle-free business setup journey within the International Humanitarian City. Together, let us empower your vision and contribute to creating a better world.
Contact Prodigy Corporate Services now to discuss your business setup requirements in Dubai, UAE, and let us help you make a difference within the International Humanitarian City.
What Is The Process Of Registering A Company In International Humanitarian City (IHC)?
Registering a company in the International Humanitarian City (IHC) involves several steps. Here is an overview of the process:
- Determine the Business Activity: Identify the specific business activity or sector you wish to operate in within the IHC. The IHC supports a wide range of humanitarian and logistics activities, so it’s important to determine which category your business falls under.
- Prepare Required Documents: Gather the necessary documents for company registration. This typically includes a completed application form, a business plan, a copy of the passport(s) of the company’s shareholders and directors, and any other supporting documents as specified by the IHC.
- Find a Local Service Agent (LSA): As per regulations in the United Arab Emirates (UAE), companies operating in the IHC are required to have a Local Service Agent (LSA) who is a UAE national or a company wholly owned by UAE nationals. The LSA acts as a sponsor and assists with administrative tasks related to government authorities.
- Submit Application: Submit the completed application form and supporting documents to the IHC. Ensure that all required information is accurate and up to date. The IHC will review the application and supporting documents for compliance.
- Obtain Approvals: Once the application is reviewed and accepted, you will receive approvals from the IHC and other relevant authorities, such as the Department of Economic Development (DED) in Dubai. This includes obtaining a trade license and necessary permits for your business activities.
- Lease a Premises: Identify and lease a suitable office space or warehouse within the IHC. The IHC offers a range of facilities tailored to the needs of humanitarian and logistics businesses.
- Complete Legal Formalities: Sign the necessary legal documents, including the Memorandum of Association (MOA) and the Local Service Agent (LSA) agreement. These documents formalize the establishment of your company within the IHC.
- Obtain Trade License: Once all legal formalities are completed, you can proceed to obtain the trade license for your company. The type of license will depend on the nature of your business activities.
- Set Up Bank Accounts: Open a corporate bank account in a UAE bank. Provide the required documentation, including the trade license, to complete the account setup process.
- Commence Operations: With the trade license and bank account in place, you are ready to start operating your business within the International Humanitarian City.
It is important to note that the registration process may vary based on the specific nature of your business and any updates in regulations. It is recommended to consult with a professional business setup service provider or legal advisor who can guide you through the process and ensure compliance with all requirements.
Benefits Of Registering A Company In International Humanitarian City (IHC)
Registering a company in the International Humanitarian City (IHC) offers several benefits that can contribute to the success and growth of your business. Here are some key advantages:
- Strategic Location: The IHC is strategically located in Dubai, UAE, providing easy access to global markets. Its proximity to major transportation hubs, including airports, seaports, and road networks, facilitates efficient logistics and supply chain operations.
- Thriving Humanitarian Ecosystem: The IHC is home to a vibrant community of humanitarian organizations, businesses, and government entities. Registering your company in the IHC allows you to connect and collaborate with like-minded organizations, fostering partnerships and synergies that can enhance your business opportunities and social impact.
- Supportive Infrastructure: The IHC offers state-of-the-art infrastructure and world-class facilities tailored to the needs of humanitarian and logistics businesses. From office spaces to warehousing and storage facilities, the IHC provides a supportive environment that can optimize your operational efficiency and enhance your business capabilities.
- Government Support: The UAE government has established a favorable business environment and regulatory framework to support companies operating within the IHC. The government provides incentives, such as tax exemptions, streamlined procedures, and access to funding opportunities, creating an enabling environment for business growth.
- Networking and Knowledge Sharing: The IHC organizes various events, conferences, and workshops that bring together experts, thought leaders, and industry professionals from the humanitarian sector. By registering your company in the IHC, you gain access to a platform for networking, knowledge sharing, and staying updated on the latest trends and best practices in the industry.
- Reputation and Credibility: The IHC has gained international recognition as a leading hub for humanitarian operations. Being associated with the IHC enhances your company’s reputation and credibility in the industry, potentially attracting clients, partners, and investors who value and prioritize socially responsible initiatives.
- Access to Humanitarian Projects: Registering your company in the IHC increases your visibility and opportunities to participate in humanitarian projects and initiatives. The IHC serves as a gateway to collaborations with global humanitarian organizations, opening doors for contracts and partnerships that can contribute to your business growth.
- Business Support Services: The IHC provides a range of business support services, including administrative assistance, networking events, marketing and PR support, and access to a dedicated team of professionals who can help navigate the regulatory landscape and provide guidance on business operations.
It’s important to note that the specific benefits may vary based on your business activities and objectives. It is recommended to consult with a professional business setup service provider or legal advisor to understand the full range of advantages and opportunities associated with registering a company in the International Humanitarian City.
What Are The Documents Required To Register A Company In International Humanitarian City (IHC)?
To register a company in the International Humanitarian City (IHC), you will typically need the following documents:
- Completed Application Form: Fill out the application form provided by the IHC. Ensure that all sections are accurately and comprehensively filled.
- Business Plan: Prepare a detailed business plan that outlines the nature of your business activities, market analysis, financial projections, and strategic objectives. The business plan helps demonstrate the viability and potential of your company.
- Passport Copies: Submit copies of the passport(s) of the company’s shareholders and directors. The passports should be valid and show clear personal information and photographs.
- No Objection Certificate (NOC): If any of the shareholders or directors are currently employed or associated with another company, they may be required to provide a No Objection Certificate (NOC) from their current employer or business partner, allowing them to participate in the new company.
- Shareholder/Director Profiles: Prepare profiles of the company’s shareholders and directors, highlighting their qualifications, experience, and expertise relevant to the business activities of the company.
- Memorandum of Association (MOA): Draft and sign the Memorandum of Association, which outlines the shareholders’ agreement, share distribution, and the company’s objectives and activities.
- Local Service Agent (LSA) Agreement: Prepare and sign an agreement with the Local Service Agent (LSA) who will act as the sponsor for your company. The LSA must be a UAE national or a company wholly owned by UAE nationals.
- Legal Documents: Provide any other legal documents as requested by the IHC or relevant authorities, such as the Department of Economic Development (DED) in Dubai. These may include additional agreements, licenses, or permits specific to your business activities.
It is important to note that additional documents may be required based on the specific nature of your business, the shareholders involved, and any updates in regulations. It is advisable to consult with a professional business setup service provider or legal advisor to ensure you have all the necessary documents and comply with all requirements for company registration in the IHC.
What Is The Cost Of Registering A Company In International Humanitarian City (IHC))?
The cost of registering a company in the International Humanitarian City (IHC) can vary depending on several factors, including the type of company, the nature of business activities, the size of the company, and the specific services required. It’s important to note that the following estimates are provided as general guidelines and may be subject to change. Here is an approximate breakdown of the costs involved in registering a company in the IHC:
- Company Registration Fee: The company registration fee in the IHC can range from AED 10,000 to AED 25,000 or more, depending on the type of company and the services required. This fee covers the administrative costs associated with processing and reviewing your application.
- Trade License Fee: The trade license fee is another essential cost for setting up a company in the IHC. The fee varies depending on the type of business activities and the size of the company. It can range from AED 5,000 to AED 15,000 or more annually.
- Local Service Agent (LSA) Fee: As per UAE regulations, companies operating in the IHC are required to have a Local Service Agent (LSA) who is a UAE national or a company wholly owned by UAE nationals. The LSA fee can range from AED 10,000 to AED 20,000 per year. This fee covers the services provided by the LSA, including administrative support and government liaison.
- Office Space Rental: The cost of office space rental within the IHC will depend on the size, location, and facilities provided. Rental prices can range from AED 50,000 to AED 200,000 or more per year, depending on the requirements and preferences of your business.
- PRO Services: If you engage the services of a professional business setup service provider or PRO (Public Relations Officer), there will be associated costs. These costs can include visa processing, document attestation, translation services, and other administrative tasks. The fees for PRO services can vary depending on the scope of services required.
It’s important to note that the above costs are estimates and can vary based on individual circumstances and any updates in regulations. It is advisable to consult with a professional business setup service provider or legal advisor to get a more accurate cost estimation tailored to your specific business requirements in the International Humanitarian City.
FAQ'S
Frequently Asked Questions
How long does it take to register a company in the International Humanitarian City (IHC)?
The registration process typically takes several weeks to complete. The duration can vary based on factors such as the completeness of documentation, the complexity of the company structure, and the responsiveness of the relevant authorities.
What are the types of companies that can be registered in the IHC?
The IHC accommodates various types of companies, including non-profit organizations, for-profit companies, NGOs, and service providers related to humanitarian and logistics activities.
Can a foreigner own 100% of the company registered in the IHC?
Yes, in the International Humanitarian City, foreigners are allowed 100% ownership of their companies. This is one of the advantages of setting up a business in the UAE free zones like the IHC.
Is there a requirement for a minimum share capital to register a company in the IHC?
The IHC does not impose a specific minimum share capital requirement. However, it is advisable to have an appropriate share capital based on the nature of your business activities and your company’s financial needs.
Are there any tax benefits for companies registered in the IHC?
Companies registered in the IHC enjoy tax benefits, including exemptions from corporate taxes, personal income taxes, and import/export duties. However, it is recommended to consult with a tax advisor or professional business setup service provider to understand the specific tax regulations and benefits applicable to your business.
Can I hire foreign employees for my company registered in the IHC?
Yes, companies registered in the IHC can hire foreign employees. The IHC supports the issuance of employment visas for qualified individuals, subject to the guidelines and regulations of the UAE government.
Can I lease office space in the IHC without registering a company?
Office space within the IHC is typically available for registered companies only. However, you may consult with the IHC authorities or a business setup service provider to explore any specific options for leasing space for temporary or project-based requirements.
Can I change the location of my company within the IHC after registration?
Yes, it is generally possible to change the location of your company within the IHC, subject to availability and approval from the IHC authorities. The process and any associated costs may vary, so it is advisable to consult with the IHC administration or a business setup service provider for guidance.
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