HomeCompany Formation in IHC - International Humanitarian City

Company Formation in IHC - International Humanitarian City
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International Humanitarian City (IHC) is a global humanitarian and aid hub which aims to facilitate aid and development efforts by providing local and international humanitarian actors with facilities and services specifically designed to meet their needs. IHC’s unique value proposition is a comprehensive offer combine with a strategic environment that capitalizes on Dubai’s incentives.

An independent free zone authority created by the Government of Dubai, IHC consolidates Dubai as an essential link in the humanitarian value chain. Leveraging the proven Dubai Free Zone Model, IHC addresses the specific needs of the humanitarian aid and development community while grouping them in a secure environment that fosters partnerships, social responsibility and global change. IHC believes that humanitarian operations will benefit from the integration of commercial suppliers of goods and services.

By co-locating nonprofit and commercial entities will be encouraged to share best practices to increase their operational efficiencies and improve institutional learning. IHC has been created to provide infrastructure, services and practical support to global and international humanitarian aid and development efforts, create solutions and champion best practices that improve the efficiency and effectiveness of humanitarian aid and development operations and offer global emergency response. Dubai is also thriving cosmopolitan city with a population made up of more than 150 nationalities. Combining high luring standards and a peaceful environment, Dubai has become the home for many international residents who benefit from modern amenities and a highly energetic and progressive culture.

Key Benefits of Company Formation in International Humanitarian City (IHC):

  • 100% foreign ownership,
  • 100% repatriation of capital,
  • 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
  • Strategic location
  • Logistics and transport advantages in maritime and air transport
Characteristics of IHC Company Setup:

Location:

International Humanitarian City, Dubai, (U.A.E.)

Proposed activity:

Humanitarian Aid & Relief, Humanitarian Development Services, Environmental & Natural Resources, Agriculture & Its Products, Logistics, Warehouse Management, Overseas International Freight Services, Service Provider, Consultancy, General Service, Management/Business Services, Vehicles Trading, Coordination & Liaison Offices And Regional HQ can be carried out in IHC.

License available:

Commercial License and Non Profit Organizations (NPO) are available options for IHC Company Setup

Type of entities:

Free Zone-Limited Liability Company (FZ-LLC) and Branch

Shareholder:

Shareholder for IHC Company Can be Individuals or Corporate entity

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 50,000/- (50 shares of AED 1,000/- each) for FZ–LLC IHC Company Setup & AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)

Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.

Audit:

Annual audit report is not to be filed in IHC

Estimated time:

5 to 7 weeks to obtain license of the company and register a company in IHC

Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.

IHC Company Setup Process:

  • Identify the legal form of company to be registered in IHC,
  • Select activity from IHC activity list,
  • Apply for name and initial approval,
  • Payment of fees related to IHC business set up,
  • Sign IHC company registration and incorporation documents,
  • Apply for IHC residence visa.

Documents Required for IHC Company Registration:

The documents required for business set up in IHC depends on whether a shareholder is individual or corporate entity. Basic requirements are

  • Color passport copy,
  • Color UAE residence visa & emirates id copy,
  • Utility bill copy,
  • CV/Resume,
  • NOC from existing sponsor,
  • Business Plan

To know more about the complete requirements for company formation in IHC call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com

Company Formation Cost in IHC – International Humanitarian City:

IHC Commercial Company Setup begins from AED 20,765/-

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in IHC.

Other Notes for IHC – International Humanitarian City Company Formation:

  1. Document to be legalized with UAE Embassy in case of corporate shareholder
  2. Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
  3. Company Immigration/Establishment card to be renewed every two years
  4. Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-

Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in IHC. Our company acts as a one stop solution for IHC company incorporation services.

If you are looking for IHC International Humanitarian City company setup, please get in touch with us for professional assistance.

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in IHC.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.

GBSOur Office
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+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

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Copyright © 2020 Global Business Services.

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