Dtec is formed as an international hub for innovation and entrepreneurship. It is created by DSOA to offer a base for business startups for small and medium entrepreneurs (SMEs) involved in modern technology business. It offers flexi business solutions and is now home for more than 500 SME’s in the zone.
Business setup in Dtech
Following are the step for business startup in Dtech:
1) Application Form as provided by the authority
2) The form should consists of the following
a) Desired Name of the company
b) Desired activity (s) of the company
c) Proposed Director(s), Secretary and Manager of the company
d) Passport copy, CV’s and Qualification certificates (attested) of proposed Shareholder(s), Director(s), Secretary and Manager of the company
e) Business plan of the proposed company
f) NOC for manager from the UAE sponsor (applicable for residence status only)
The authorities will assess the above documents and provide the client access to their portal. The client has to register the company in this portal and obtain initial approval. Then the client has to choose a desired office space and pay the necessary fees upon generation Invoice and obtain lease agreement from the authorities.
Once all this process is completed the client has to prepare the following legal documents
1) Resolution to establish a company / branch / subsidiary.
2) Resolution for appointment of Shareholder(s), Director(s), Secretary and Manager of the company.
3) Resolution for composition, allocation and distribution of share capital
4) MOA & AOA of parent company if the shareholder(s) is / are Corporate person
5) Resolution on POA to Manager / legal representative if appointed
6) Specimen signature(s) of Director(s), Secretary and Manager
7) The documents should be in original , attested or notarized wherever applicable
8) Apart from above additional documents may be required by the authorities depending on the activities requested in the Business plan.
The authorities will assess the above documents and call up for a meeting with all the Shareholder(s), Director(s), Secretary, Manager and Legal representative (if appointed) to sign the Board resolutions, Lease agreement and signatory list. Once this is done the license will be issued by the Authorities.
Note: Dtech provides office space through options of flexi desk and fully furnished offices depending on the requirement of various clients.