Last updated on March 18, 2022

Company registration in Dubai

Planning for company registration in Dubai?

In UAE, every individual emirate as well as the Federal Government is accountable for company registration and business set up. In Dubai, the authorities have generated an atmosphere which is well organized, well define and unrestricted. As a result, Dubai offers an operating condition to company registration Dubai. The working condition in Dubai is the main charm of Dubai company registration; and also the most gorgeous in the region.

Dubai has a strong economy which is one of the world’s best economy; with a large annual trade. UAE has go through a brilliant conversion into a modern state; that is, with a high standard of living.

There are a lot of options offers to local as well as foreign companies; which are search for to start a business with in Dubai. Besides a trading company; there are other companies find that there are distinct benefits in having a company in Dubai; in order to make contacts, study the market scenarios; association with customers, as well as understand the details and needs of any business. Having such presence can provide substantial business benefits in this part of the world.

Dubai company registration

First of all in the first place, investors are always demand to deal with someone they know; as well as they trust. So personal relationships are much more imperative in Dubai as they are in Europe or America. Also, the political stability in UAE made the market very predictable for growth as well as maturity. Thus making the market place very competitive and creating a need for first class market intelligence and information. Dubai company registration offers a comprehensive range of business options to foreign corporations, including:

• Direct trade in Local Market – Dubai company registration in mainland enable you to selling directly to established dealers and distributors
• Branch office – this option of Dubai company registration, allow 100% foreign ownership; but a local agent is requires; license required form DED.
• Special free trade zone: in this option of Dubai company registration, 100% foreign ownership permitted; At this point let me tell you one key point form expat point of view; that is, no local sponsor is required, but trade is restricted to that specific free zone.
• Commercial agency arrangements – in this option of Dubai company registration appointee must be a UAE national or company; agreement to be registered with Ministry of Economy and Commerce

Dubai company registration cost

In this post we will discuss the top 8 reasons for company registration in dubai.

8 reasons for company registration in dubai

Some of these reason are very obvious and some are not so

Infrastructure for company registration in dubai

First of all in the first place, Infrastructure in the UAE is well develop; Due to a period of quick progress; that is the construction as well as commercial facilities. It is up to an international standards; also make it easier for company registration in dubai. Dubai host an airport and a see port in the region; which make it a logistics hub for rest of the world.

DTA for company registration dubai

At this stage let me tell you a key facts. That is, Income tax is always an issue for most of the foreign investor; and considers it as a key point when going for company registration in any part of the world. Double taxation agreement (DTA) of UAE is one of the primary reasons for company registration dubai. UAE has sign a contract on the avoidance of double taxation with around 50 countries. These countries contain its main trade partners from across the world.

Taxes for company registration in Dubai

At this point let me tell you one key fact; which i think is the most leading point. That is, in UAE, there is no corporate tax as well as no income tax. Business in UAE enjoy the least tax structure in the world. The good nature of tax in UAE was mention by the study Paying Taxes 2013 compiled by the IFC; World Bank and Price water house Coopers.

Considering the tax benefit; Dubai company registration is of strategic advantage for both business as well as people.

In practice however only petrochemical companies, oil & gas; as well as branch office of foreign banks are obligatory to pay taxes. There is 0% income tax to be paid by the expat as well as the national of the UAE.

Strong Economy: Dubai company registration

UAE economy was categorized third among 15 countries in the Middle East; as well as 28th among 185 countries worldwide; in the Index of Economic Freedom 2013. UAE has offer an exciting structure for company registration in Dubai. UAE develop an encouraging business environment; as well as high level of political stability to encourage investors for company registration in Dubai.

Low import Duty for Dubai company registration

One more key point for expat to lunch business in UAE; that is, import duties in UAE are very low. That is,  5% for most of the goods. For goods imported for use within a specific Free Zone; At this point let me tell you one key point form expat point of view; that is, there is no import as well as export duties. There are around 44 Free Zones in UAE which offers reasonable packages for company registration in dubai.

FTA and GAFTA for company registration in dubai

First of all in the first place, UAE is the part of the GCC; and so UAE base businesses enjoy duty free trade with all countries in GCC; that also has Saudi Arabia, Kuwait, Oman, Qatar and Bahrain as its members.

The GCC block is at this time discussing to sign Free Trade Agreements with the EU; Pakistan, Australia, Turkey, China, Japan, India, Korea; also with the Latin American countries of Brazil, Uruguay, Argentina as well as Paraguay.

One more key point for expat to lunch business in UAE; that is, it is also an associate of the GAFTA; Greater Arab Free Trade Area in which all GCC states take part. This allows UAE to trade with all the associates of GAFTA with lowest duties and barriers. At this point let me tell you one key point form expat point of view; that is, UAE is a natural choice for those who wish to target GCC country.

Availability of Manpower

First of all in the first place, Dubai has a strong labor policies. It is easy as well as economical to recruit work forces from almost any part of the world. Which open a strong gate for company registration dubai. Govt of UAE, across the seven emirates trying to bring flexibility in labor law; in order to facilitate the labor in their state. At this point let me tell you one key point form expat point of view; that is, Dubai is heavily investing in teaching the national work force; so that to play a greater role in boosting the UAE economy. More than 1.4 million people are now working in Dubai.

Strategic Location

Strategic location is one of the main advantage of company registration in dubai; The UAE enjoys a strategic location in the world; as it is place between Asia, Europe and Africa; so it is a place that provides great trading conditions. Western country multi nationals companies use UAE as a hub for the Middle East. Also, Indian traders use the UAE to reach out to the rest of the world. Chinese use UAE as a hub to reach out to the Africa.  And also Latin American use UAE as a launch pad for South Asia. At this point let me tell you one key point form expat point of view; that is, company registration dubai helps in targeting a wide range of area.

Our Other Services: | business setup in Ajman free zone | RAK offshore company formation |

Last updated on March 16, 2022

Business set up in dubai

Dubai has converted itself into an international trading center and vital investment destination in many sectors of economy such as import, export, trading, logistics, event management, tourism, financial services, hospitality, and construction and so on. There are several reasons why a lot of entrepreneurs wish to do business set up in Dubai. Here are Top Ten reasons for choosing business set up in Dubai or business set up in uae on a first place for doing business.

10 reasons for doing business set up in dubai

Strategic Location: One of the top most reasons for why to do business set up in dubai is strategic location of UAE. UAE are situated strategically between Europe, Africa and Asia, Dubai is an ideal place for doing business set up in Dubai including international import, export, trading, logistics, event management, tourism, financial services, hospitality, and construction and so on. Dubai is located in the middle of the UAE. coastline stretching along 400 miles. It has access to both the sea and has one of the largest airports in the world, through which Dubai expedites transportation of goods between the West and the East. Thus, business set up in Dubai has an access to 2.5 billion consumer markets situated in the Gulf, Africa, Asia, CIS countries and Europe.

Multinationals Companies. Another reason of business set up in dubai is the presence of multinationals companies in dubai. Many globally well-known multinational companies including Microsoft, Nokia, Sony, LG Electronics, HP, Oracle, HSBC, Boeing, Royal Bank of Scotland, Shell, Emirates Airlines, Proctor & Gamble, BBC World and Adidas have their regional offices in Dubai. Furthermore, many globally recognized universities, colleges and schools have campuses positioned in Dubai, such as Michigan State University, the American University, Rochester Institute of Technology, London School of Economics, Wollongong University, London School of Business and Hult International Business School.

No Taxation: The top reason for why to do business set up in dubai is the zero- taxation in Dubai. The UAE’s economy in common is considered to be the most substantial and most diversified in the region. Dubai applies NO TAXATION policy for almost all types of business set up in Dubai with exclusion of branches of international banks, hotels and major oil and gas companies. The following taxes are NOT applied on business set up in Dubai:

• Capital gains tax
• Personal income tax
• Value-added tax
• Corporate tax
• Withholding tax

Safe Place to Live and Doing Business: The top most reason for why to do business set up in dubai is the Safety, a well-known characters of Dubai as it is one of the safest and harmless places in the world. The crime table in Dubai is one of the lowest in the world. The serious crimes such as kidnap, rape, murder and physical attack represent 0.5 to 1 for each 100,000 people, compared to the world average of 6 to 8 for each 100,000. Moreover, the UAE in common is considered to be one of the politically stable countries in the Middle East area. Security and political stability are some of the most important factors that have conveyed and attract many international investments and businesses into Dubai. Definitely business can grow only in safe environment.

Sea Ports and Airports: One reason of business set up in dubai is the Sea ports and Airports of dubai. Dubai has one of the biggest seaport (Jabal Ali Port) and the biggest airport (Dubai Airport) in the area. so business set up in Dubai you do not feel any hassle in terms of international freight – it is easy to bring goods to Dubai from any part of the world and likewise it is easy to send goods from Dubai to any part of the world through sea, air and land.

Residency Visa. Another most popular and well-known reason for why to do business set up in dubai is the residency visa option. If you setup a company in Dubai and in other Emirates of the UAE in common, you will be authorized to acquire a UAE Residency Visa for yourself, for family members and for other expat employees. Having a UAE Residency Visa will give many benefits such as: you can lease an apartment for long-term basis, you can open a current account in UAE Banks, , and you can get visas for other countries including Schengen countries more easily as a resident in the UAE, you can enter/exit UAE multiple times.

Infrastructure. If you are starting a business set up in Dubai, then you don’t need to worry about infrastructure of the business, finding an office, a retail shop, manufacturing unit or a warehouse – everything is ready to start. New and high standard residential, industrial and commercial, tourism facilities have been built quickly and on a great scale during last decades. Furthermore, new roads, more suitable public transport system, new international airport are being developed.  According to Travel and Tourism Competitiveness Report of WEF, the UAE infrastructure has been rated as among the top countries in the world. The UAE came 2nd in quality of roads, 3rd in quality of air transport, 5th in sea port infrastructure and 8th in ground transport network.

Dubai Free Zones. One of the reasons for attraction of foreigner to start business set up in dubai is the free zones. Free Zones are nominated tax-free area, where foreigners can setup business with full ownership and without partnering with a local emirate partner or agent.  All Free Zones vary from each another and offer licenses in numerous sectors. For example, there is a Free Zone for educational and training institutions (Dubai Knowledge Village); there is a Free Zone for healthcare providers (Dubai Healthcare City or DHCC); there is a Free Zone for media companies (Dubai Media City), there is a Free Zone for financial institutions and services providers (Dubai International Financial Center or DIFC) and many others. There are more than twenty Free Zones presently operating in Dubai itself.

Full Repatriation of Capital and Profits. One of the reasons of business set up in dubai is the option of full repatriation of capital and profits. Dubai has no restriction on repatriation of capital and profits. However a lot of companies favor to keep their money in the UAE itself due to UAE zero-taxation policy.

Living Standards. Last but not least reason of business set up in dubai is living standards in dubai, to choose business set up in Dubai is because of high quality of life and living conditions that one can enjoy in the Emirate. The UAE was classified as the No.1 country with the best quality of life in the region and 15th in the world out of 160 countries. Furthermore, UN Happiness Index has recently classified the UAE as the 14^thhappiest country in the world. While enjoying high quality of life and living standards you can be extra productive and motivated by the positive environment around you.

There are several other reasons of why Dubai has become one of the preferred places for business set up in dubai, working and living. Expats make up nearly 90% of the total residents in Dubai, who are immigrants from almost two hundreds countries of the world. Expats are attracted, among other reasons, by business and investment opportunities in the Emirate.

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Last updated on March 15, 2022

Dubai freezone company formation

Free zone known as free trade zones; or special economic zone; or free tax zone. Free zones are special area within UAE; where expat investor can hold 100% of ownership of his business unlike mainland area. This make free trade zone the most hot site in the UAE; that is for business setup. The govt of UAE has given full authority to free zone to encourage expat; so that to bring their business in this region. UAE govt is doing the best to make their free zone area the most important trading hub of the globe.

In UAE there are almost 44 Free zones. Major Free zones are hosting more than 5000 companies. Even investors can consider Free Zones of UAE a treasure house around the world. Political stability, law and order, life security, fast economic growth;  as well as tax haven status, and comfort to do business are the key charms of UAE.

Dubai freezone Company setup

As a leading business consultant in Dubai as well as UAE. Dubai business centers specializes in Dubai freezone company setup and in all free zones of UAE.

We are the business consultants; as well as advisers for corporate; as well as individuals round the world who want dubai freezone company setup; or want to expand their existing business in free trade zone. We have local expertise and global presence to advise on the best possible structure; reduce the risks and guide them with the right procedure; that is  to start up a business in Dubai or any free zone.

We are not just providing incorporation services; but also offer business support service.

Type of Dubai freezone company formation

in freezone company the following legal forms are available.

1. Branch of Foreign Company
2. Free Zone Establishment
3. Free Zone Company

Benefits of Dubai freezone company incorporation

• Dubai free zone allows 100% foreign ownership for all type of activity.
• No corporate tax for fifty years; that is 0% for any kind of activity.
• Company formation in Dubai Free zone is duty free entity; that is on goods importing into the free zone.
• Dubai freezone company formation offer you an easy procedures for work permits and Visa.
• Dubai freezone company incorporation enables you to own the properties
• Renewal fees for Dubai freezone company formation are very low.
• Business privacy is strictly maintain in free trade zone.
• Dubai free zone company are also allow to open bank account in Dubai.
• Also there is no restriction for doing more than one activity

There are thousands of company operate in Dubai Free Zone. So free trade zone has produce a lot of employment for both Nationals as well as for expat in UAE. The idea behind the Dubai free zone is to offer to keep the 100% ownership; that is in company formation in dubai free zone. And also free trade zone offer to form company without the need of a UAE local. And the most important thing is that each free trade zone has its own rules as well as regulations. Dubai freezone company setup procedure are vary between Free trade zones.

Dubai freezone company setup Procedure

1. Determine the type of license for Dubai freezone company formation
2. Determine a legal structure Dubai free zone company setup
3. Confirm the business activities for Dubai free zone company formation
4. Verify the fees and other charges for Dubai freezone company setup
5. Confirm the business facilities for Dubai free zone company formation
6. Creating of business plan for Dubai free zone company setup
7. Submit application and documents for Dubai free zone company formation
8. Secure the preliminary approvals for Dubai free zone company setup
9. Payment for Dubai freezone company setup
10. Sign the agreements and other documents for Dubai free zones company
11. Receive your License for Dubai free zone companies

Now let us have a close look at the above steps for Dubai freezone company setup

Determine the type of license for Dubai freezone company formation

First of all in the first place; the first step in Dubai freezone company formation is to decide the license type. In common, Free Zones offer the following types of business license;

Free Zone General Trading License

This type of license for Dubai freezone company formation allows you to deal with almost all types of goods; with the exemption of bane goods and products that need special approvals. Normally this type of license is relatively more expensive than the trading license.

Free Zone Trading License

This type of license for Dubai freezone company formation allows you to carry out trading activities. Most of the Free Zones allow trading in around 3 categories of items under a trading license.

Free Zone Commercial License

This type of license allow you to do business such as repairing, workshops.

Free Zone Industrial License

This type of license allow you to do manufacturing, packaging, processing and assembling.

Free Zone Consultancy / Service License

This type of license allow you to do consultancy. Most of the legal firms choose a consultancy license for Dubai freezone company formation.

Determine a legal structure Dubai free zone company setup

The legal structure of dubai free zone companies varies according to the number and nature of the partners involved. Documentation required, costs etc also dubai free zone companies change depending on the legal structure of the company. Documents needed for a corporate partner (or a branch entity) would be different from those required for a single shareholder.

Confirm the business activities for Dubai free zone company formation

Not all Dubai free zones allow all type of activities. Some of Dubai free zones specialize in certain activities. So it is important that you check that your propose activities are allow in the Free Zone. Moreover, there are restrictions over the number activities allowed.

Verify the fees and other charges for Dubai freezone company setup

This is the most important step in Dubai freezone company setup. Many investors who wish to set up their company in one of Dubai free zone; go for the cheapest option available base on the clear costs. They don not know the hidden cost; which is to be paid for the services that are essential for the survival of their business. The total cost of Dubai free zone company setup can be categorize into two parts.

• First year cost for Dubai freezone company setup
• Yearly renewal costs for Dubai freezone company formation

Some of Dubai free zone offer packages that are cheaper than the normal company set up costs. Investors fall victim to these packages offer by these free trade zones; because you have to pay the package charges every year. The normal yearly renewal cost can be cheaper than the cost of the packages. In addition, also most of the packages consist of only a business license and not office premises. This may not be very beneficial if you are serious about your business.

If you are ready to spend some time and resources to collect the data; as well as discover the hidden charges and test the real costs for Dubai freezone company setup. It may take many resources, including multiple visits to various free trade zones; asking the right questions, collecting the cost details etc. The most difficult part would be to discover the hidden cost. For starters, it would be ideal to appoint a business setup consultants in Dubai to do this job for you.

Confirm the business facilities for Dubai free zone company formation

Do not assume that all Dubai free zones offer all types of business facilities. However most of the free zones offer office space, warehouse etc availability can also be an important factor. So you need to consider the availability of the important facilities; that is provide by the Free Zone before starting Dubai free zone company formation.

Creating of business plan for Dubai free zone company setup

A proper business plan is requires for Dubai free zone company setup. As a matter of fact, your business plan will not just serve; the purpose of guide line for you. But also it is the part of your business incorporation. You would also be requires to submit your business plan to Dubai free zone; that is for approval before you get the license to operate.

We feel that the importance of a business plan needs to be mention here. Many investors make the mistake of not preparing a business plan; that is for Dubai freezone company setup. A business plan helps you to set your business targets and milestones. A proper business plan also assists you to keep trajectory of the performance of your business. So a business plan is not just only for meeting the requirements of Dubai free zone company setup; but also must for a smooth run of your business.

Submit application and documents for Dubai free zone company formation

Till now we have discuss a lot of thing about dubai free zone company formation. Now its time to submit documents. The application form and other legal documents are need it to be submit; that is to start Dubai free zone company formation procedure. Depend on the nature of the business the require documents may be vary. In common you would need the following documents.

• Free Zone application form.
• Passport copies of share holder.
• Business plan.
• Visa copy (if you have an existing UAE visa).
• Bank statements (to prove the capital amount).
• No objection certificate from the current sponsor (for UAE residents only).

To set up a subsidiary or branch of a foreign company in Dubai free zones, extra documents are requires.

Secure the preliminary approvals for Dubai free zone company setup

At this time let me tell you one thing that some free zone in Dubai; may call for prior approvals from other govt departments to start the dubai free zone company setup. So you need to take these approval before starting the process in free zone.

Payment for Dubai freezone company setup

Now you are ready to make the payments. With some of Dubai free zones, you have the option of making the payments in installments; however, pay attention to the total cost in this case; that is it could be higher than the normal fee.

Sign the agreements and other documents for Dubai Free Zones Company formation

After you make the payments, the concerned Dubai free zone authority; would prepare the legal documents and you will sign them; that is in the presence of an official of that Dubai free zone.

Receive your License for Dubai free zone company setup

Once you complete all the above steps; then it is time to receive your Dubai free zone company formation License. Along with the business license, some Free Zones give certificate of incorporation, share certificates etc. We alway select a best free zone for our client; depend on their requirements.

Comparison of Mainland and dubai free zone company formation

There are more than 20 free zones in Dubai and 44 all over in UAE. Each one is power to register company in their own line of business; and also each one of them has different set of rule, cost and legal structure. Choosing right free trade zone depends on short term; or on a long term objective of the firm and cost difference.

At this stage let me tell you one more point; that is rent for company formation in dubai Free Zone are some what lower than Mainland; the operational cost for company formation in dubai Free Zone is also lower as compare to Mainland. But a dubai free zone company formation are only allow to offer services within that free zone. Whereas,  mainland company can offer services to local as well as global market.  Operational cost, renewal cost and maintenance cost of dubai free zone company formation are low. Company Setup time frame is very low in free zone as compare to mainland.

Local sponsor or local service agent is requires for mainland Company; it is individual who plays a role of Local service agent.

To summarize the difference, the freedom of doing business internationally is more in free zone as compare to the Mainland.

Our Other Services:  | RAK free zone company setup | RAK offshore company setup |

Last updated on March 12, 2022

Offshore company formation in Dubai

In business language, the word “offshore” is used to describe any business, company or investment incorporated outside the country of residence. So offshore company formation in Dubai is a legal object incorporated in an Offshore Jurisdiction. Offshore company is not allowed to trade within its on jurisdictions and so called non-resident company. Another word offshore company is used to trade internationally. That’s why it is also called international business company (IBC)

Benefits of offshore Company formation in Dubai

There are number of objective why so many individuals and companies incorporate an offshore company however followings are the main purpose to setup an offshore company.

• 100% tax free (no personal tax no corporate tax)
• 100% customs duty free
• 100% ownership, no local sponsor required
• 100% repatriation of profits and investments
• Extreme privacy, Anonymity, confidentiality and the highest level of privacy protection
• Fit for any kind of international business
• No office space required (only virtual office)
• Liberal bank account opening and maintaining
• Multi-currency Corporate Bank Account
• Quick incorporation require only 2-3 working day

Advantages of UAE Offshore Company Registration

Following are some important advantages summarizing the reasons for why setup offshore companies:

Tax Optimization

The most common purpose for UAE offshore company formation is tax optimization. Tax optimization is the method of reducing the tax load through lawfully offered means. While tax optimization is considered as a lawful way of reducing the tax pay-out, it is actually different from tax avoidance. Avoidance of tax is an illegal activity by many countries across the world.

United Arab Emirates (UAE) allows 0% tax rates. UAE economy is a real economy with a clear market policy that boosts a fair competition. UAE has signed agreements with many countries across the world for (DTA) Double Tax Avoidance. This supports foreign companies to improve their tax obligation through UAE offshore company registration.

Asset Protection

Foreign companies, foreigner individual and wealthy persons from great risk regions use offshore company setup as a vehicle to shield their assets and family wealth. An offshore company formation in this case is used as a device to protect their assets from prospective unrest and restrictions in the country of their residence. A UAE offshore company formation would work great if the assets are earned in a foreign country or has been expatriated over a significant time through authorized and authentic channels. Assets made in foreign countries can be shielded straight under the protection of UAE offshore company or through an offshore bank account assigned to the UAE offshore company.

Asset Holding

Large corporate units and firms gather valuable assets as part of their business operations. In order to protect the high risk assets from possible legal clash disturbing the parent group, many holding firms are designed through UAE offshore company incorporation. Assets are parked under holding structure offer better security.

Succession Planning

Strict rules of inheritor-ship exist in many countries even in UAE. Such rules bound the freedom in allocating the assets or deciding on the custodians of their capital upon his/her death. As a result, individual and corporate entities choose offshore company somewhere in the world to take advantage of the liberal inheritor-ship provisions. By holding the high value assets under the UAE offshore company formation, and then having certificate for the shares in the offshore determined by the laws of the offshore jurisdiction. the testator can sometimes remove complexities in succession planning.

Ship and Aircraft Registration

Ship and Aircraft are always registered with offshore authority and financed by banks in onshore sector. This kind of structure is very common when the financer has concerns over the rules and regulations in the carrier’s home country. UAE offshore company formation helps to register ship and aircraft under the offshore company.

Investment Companies

Individual or corporates who want to invest their earning in different other businesses and projects, But they do not want to disclose to someone, can form an offshore company and then this offshore company can invest as a corporate investor in different other project. An offshore company can hold the shares of other businesses in United Arab Emirates or abroad.

Copyrights, Trademarks and Patents

An intellectual property right (a design or a patents or a copyright or trade mark) might be registered in the name of an offshore company. The Offshore company setup can also buy or sell this type of rights.

Trading in Derivatives

Trading in derivatives and other risky appliances in the regular stock markets is a worrying process due to the strict rules and regulations of the regulatory bodies. Wise people often setup offshore company and use as key vehicle to trade in such risky environment and transfer their incomes to the offshore bank account.

Security

An offshore company allowed legally to opens an offshore bank account which is considered as one of the most secured account in the world. Information of the bank account owner is not shared with any third party entities except there are very special or unusual situations.

Last updated on March 11, 2022

Dubai company formation

UAE is known as one of the world most dynamic country; and a perfect business hub for local as well as international trading. For both east and west UAE is the main commercial meeting point. UAE keeps a liberal economy and is dedicate to ensure free trade and competition. In UAE there are over 200 nationalities that live and work in the UAE. Dubai is one of the main states of UAE. Most of the expiate love to have their business in Dubai. There are some key advantages of dubai company formation.

• Politically UAE is a stable country.
• There are no corporate tax as well as there is no personal tax on income.
• At this point let me tell you one more thing; which is think is the most key one to this stage; that is no restrictions on profit or capital repatriation.
• Low import duties; that is 0% duty tax.
• High level of security to person and property.
• No currency restrictions is also one of the best benefit. Which expat love to avail.
• At this point let me tell you one more thing; which is think is the most key one to this stage; that is it has human resources in all sector of life; that is which is the demand of any business.

Dubai company formation

There are many kinds of legal structures; or in other word we can say that there are different type of Companies; that is to run different sorts of business activities in the UAE. In common, the business which operate in UAE; can be divide into three different classes; such as onshore (mainland) companies, free zone companies and off shore companies.

Dubai company formation in Mainland

Main land – dubai company formation is also call onshore company formation. Main land companies are the one which is register in the UAE main land with DED. At this point let me tell you that; their key purpose is to carry out business in the local market. One of the main differences of the On shore business is that; they can be mold in partner ship with a UAE Local. UAE local must either act as a company share holder and will hold 51% of the company share; or he will act as a local service agent. The capacity of a UAE national is usually decide base on the activity and legal form of the company.

The activities in Dubai company formation are generally classified as

• Commercial activity
• Professional activity
• Industrial activity

Commercial activity

This kind of activity is include trading, investment, import as well as export; also a brokerage, a banking, a real estate, insurance etc.

Professional activities

This kind of activity is include those which are relate to the profession; that is, with the use of abilities and skills; such as an IT services, a medical services, a consultancy activities, an education, a farming, a restaurant etc.

Industrial activities

This kind of activity is include all kind of manufacturing activities.

Local sponsor for Dubai company formation

Selecting the right local partner or local agent is very difficult; if one is require for the sack of operating in local marking. It is one of the primary issue to start company in Dubai or other Emirates of UAE. At this point let me tell you an important point; which i think will help you to see all this in clear way; that is, if you do not pick the right local sponsor and make the company formation in Dubai; that is, with the casual sponsor, you can be totally block for the future business; because for each government work you may require his signature. Signature is need for visa application of the new employee; renewal of Trade license as well as renewal of the staff visas.

When such signature is missing as you can not reach to your sponsor; can totally stop your company operation. Our company has the right connection with local sponsor; who will be available 24 / 7 to help you and your business.

Offshore Company formation

Off shore Company formation is another option of Dubai company formation; Off shore company is use to conduct international business. In UAE Jebel Ali Free Zone, Ras al Khaimah and Ajman allow IBC formation. Off shore company is also call an IBC. Off shore company is ideal for any type of business that does not want a local office. This type of a dubai company formation is best suitable for investment activity; like hold share in local or in a free zone companies; hold UAE real estate, or invoice to international client; international trading activities outside the UAE. IBCs can not rent office space nor can they apply for any visas. And also note that they are not allow to trade inside in the UAE.

UAE Free Zone Company

Another form of a company formation in Dubai is free zone company. It is also call a free trade zone company. Because it’s origin of formation is free trade area. It is call a tax free zone as there is no corporate nor personal tax in free trade zone. Free zone Company is registere in one of the free zones in the UAE. Free zone company allow 100% owner ship to expat; that is why it is the primary option for all expat; having ambition to open a company in any of emirates.

What is Sole Establishment form of company formation Dubai?

A Sole Establishment form of company formation Dubai is a legal object; which is entirely own by one individual; who is totally liable for the liabilities of the entire company. Sole Establishment form of company formation Dubai can either conduct commercial activities or professional activities in the UAE. According to UAE laws; only UAE nationals as well as nationals of GCC countries are allow to form Sole Establishment; for to carry out commercial activities. The commercial activities are those activities; which are describe in the Art 5 – 6 of the Federal Law No. 18 of 1993 on Commercial Transactions. Some of these activities are trading, import as well as export; real estate development, manufacturing and etc.

However, foreigner are also allow to form Sole Establishment form of company formation Dubai. That is, only for conducting professional activities; non – Physical product, such as a medical services; an engineering services, a management consultancy; a legal services, an IT services and similar services. The Sole Proprietorship form of Dubai company formation, owned by an expat; should appoint a Local Service Agent according with UAE laws. A Local Service Agent should be a UAE national. Whose primary job is to act as link between the company and the government objects. For example, in applying for work permits, visas etc.

Our Other Services: | Company formation in dubai | PRO Services in dubai | UAE offshore company |

How to setup a company in Dubai?

Finally it is time to have set up company in Dubai. At this point let me tell you one more thing; or you can say one more point which you need to keep in mind. Which i think is a key point for all of the clients; and also i think it will work to see the whole process of a set up Dubai company; and show the entire thing in clear way, that is, the easy way to setup company in dubai. So get in touch with us. In the first place, you can use website live chat button. So that to start chats with a Dubai company specialist. Second way is that, you can Click Here to place a call back request.

Last updated on March 10, 2022

Mainland company formation

Dubai is one of the most beautiful as well as attracting city in the world for expat; that is to establish their business. Dubai Mainland Companies offers freedom;  as well as benefits which are very unique in this part of the world. The awarding of Dubai with the Expo 20 20 Dubai mainland company formation; that is become more vital for expat then other options. Because if you setup a mainland company; then you are free to do business in uae local market. A Mainland company setup in Dubai will give you a direct access to UAE local market; that is why mainland company formation is also known as local company formation.

Mainland company formation in Dubai

Mainland company formation in Dubai has requires a local emirate national; which is also know as local sponsor or local service agent. Local sponsor is require for commercial as well as for industrial license; while local service agent is requires for professional license. In main land 51% share are reserve for local sponsor. And 49% share are for expat. However our local sponsor which we will provide you; will give you full power of attorney and will avoid any involvement; in the operations or in profit sharing.

DED is the regulatory authority for main land company; and responsible for issuing all licenses related to main land company. DED acts as a one window service center for all mainland company formation.

Benefits of Dubai mainland company formation:

• You can drive your company from any part of UAE
• Able to conduct business in Dubai mainland
• there is also no currency restrictions in main land
• Also it is 100% tax free no corporate tax
• 100% repatriation of capital and profits
• Easy availability of employment visas
• Choice of office locations across Dubai
• Also no capital is requires for a local Dubai license.
• Stable local authority, Simple incorporation process.
• Hassle free set up process to seek license as well as registration
• Flexibility to rent office anywhere in the main land.
• Wide range of license types as well as activities
• No personal income tax
• The one and only practical option for many types of business.
• You can open your office anywhere in UAE.

Process of mainland company setup in Dubai

There are 7 steps to form a mainland company in dubai.

Select business activity for mainland company in dubai:

There are more than 3000 business activities allow in Dubai; which fall into different groups as well as classes. The selection of activity and it correct class is very important. If you select a wrong class and start your business; you may be stop from doing business under that particular class. And possible to pay fine as well; so the selection of proper class is as important as breath to a soul. If you are going to select an activity which is currently not in practice in D.E.D. Then DED may create a new business activity for you.

Select legal form for Mainland Company setup in dubai:

A legal form is an explanation of what sort of business you are planning to start. When you choice a legal form for your mainland company setup in Dubai. You must take into account the business activities; business type, the nationality of owners and the ownership options. Mainland company formation in Dubai can take number of legal forms. Following are the some legal form of the mainland company setup in dubai

• LLC
• Joint Ventures (JV)
• Branch Offices
• General Partnership Company (JPC)
• Public Shareholding Company (PSC)
• Private Shareholding Company (PSC)
• Share Partnership Company (SPC)
• Simple Limited Partnership (SLP)
• Partnership Company (PC)
• Civil Company (CC)

Select trade name for Dubai mainland company:

After selecting activity and it class, next step is to select a trade name. You will suggest three trade names. When choosing a name for your company you should follow general trade name selection guidelines. During the application process for dubai mainland company; you will get a payment voucher or a transaction number. Please remember the following points for trade name reservation:

• A Trade Name of Dubai mainland company is valid for 60 days
• It has to be renew within one week before it is due to expire
• Trade Name of Dubai mainland company can be renew online only once
• You have pay for your trade name on the same day as you apply for it
• A Trade Name that has already expire cannot be renew

Apply initial approval for dubai mainland company registration:

Next step in mainland company registration is Initial Approval. It is a document which says that the DED has no objection on you to start a business in dubai. It means you can take the next steps to get a business license. To apply for initial approval in dubai please remember the following points:

• You have to pay for your Initial Approval within seven days.
• You must have an initial approval certificate; as well as an initial Approval Form to obtain a license.
• The initial approval contains records of partners; legal type as well as an activities of the business.
• Initial Approval is valid for six months and is not renewable.

MOA and LSA for mainland company formation in Dubai

Depend on the legal form of mainland company formation in dubai; all the partners may need to draft and sign an MOA. In some cases, need to sign a LSA with a local sponsor; who will represent your company with concerns to license.

Establish your business location Mainland company formation Dubai:

Mainland company formation Dubai must have a physical address. Before you finalize the physical address of your company. Let me tell you that the DM has to confirm the location. You can also select to place your business in an authorized business center; and then in this case you do not need to approve your location from DM.

If one of the partners in the company is a UAE national; that is, he has a license in a specific location; then you can place your new company to the same office; as long as the space is larger than 500 sq. ft. For establishing multiple business licenses to a single location; you will need to take an approval from existing partners to DED counters.

Finial submission of documents for Mainland Company setup dubai

If you have successfully completed the steps above; you need to submit all the documents to the DED for final submission. Depend on your activity, the processing time for your final submission is up to 7 days.

Our Other Services: | business setup in dubai | Free zone company Formation |

Last updated on March 9, 2022

Business Setup Consultants in Dubai

You are planning to start business in Dubai. That is why you are in search of some very good business setup consultants in Dubai; or you may be looking for business setup company in Dubai. So that to set up business for you in UAE. Even after good home work you still have some doubt; as well as you have question in your mind; and so you are looking for the answers. To do so you need more and more facts and figure; and need to collect some data from the local market. There could be qualms about the legal structure of the business; there may be questions about how to do business in Dubai; and also details about the rules and regulation; you may be looking for costs effective option etc.

These are some of the doubts that enable you to search for business setup consultants in Dubai; or business Setup Company in Dubai. If this is the case then you are in the right place to get advice; and assistance in all kind of business setup issues.

However you have some basic idea about the market position in Dubai. If you are not an expert of business set up in Dubai; and have very less knowledge about legal issue, business needs, costs and services etc; then you would need to search for help from business setup consultants in Dubai; or business set up company in Dubai to make the thing easy for you.

Why use Business Setup Consultants in Dubai

This is now the time when you start searching for some top business setup consultants; so that to help you with your business setup in dubai. It is totally depending on your need of; you may be searching for info only. You may be thinking to set up your business without the help of business consultants in uae. But let me tell you one thing; or simply let me ask you a question. What you will do if you need to cut your hair? and what you will do if you need to stitch a dress? yes you will go to a specialist to do it for you. In a similar way it is very important to use the help of the business consultants; because they are very skillful people to advice over various matter of business set up.

It is an easy task to find business set up companies in uae. Just run a search on Google, pick up the top 4, 5 and contact them over email or phone. Just explain your Idea. They are very quick to respond to your inquiries with best solutions, costs and detailed rules. You expect services from this business set up companies in uae; and are likely to pick the solution that give you the lowest cost, the fast formation. And in short time you will be able to star your business.

Following are the main advantages of business consultant in UAE.

• Business consultant in Dubai can help in research & analysis
• How consultant can help you in decision making
• Business consultants in UAE can save you money
• Dubai business setup consultants can speed up the process

Business consultant in Dubai can help in research and analysis

You need help from top business consultant in Dubai, just because of one big reason; most of the Free Zones in UAE, do not give you full details; that is you may requires to evaluate the overall capital for your business. If you are leaving in UAE and expert in business set up in uae; then it is fine to handle the business set up in dubai by your own.

But those who have lived in Dubai for some period of time; but still do not have a complete knowledge of the legal; as well as commercial aspects of business set up in uae. Missing a single piece of info creates a big hole in your business set up in Dubai. Business consultant dubai can help you with proper research; as well as analysis of data and will suggest you a suitable option for you.

Business set up companies in Dubai can help you in decision making

During your set up in Dubai, you will have to make a number of decisions. At the starting stage of the set up all your decisions may seem unimportant. However, long term impact of such decisions cannot be ruled out. Such decisions will include, type of your business (Free Zone or mainland or offshore); kind of activity, site in a particular area; business set up package or customized solutions etc. Your long term business goals are a basic reason in decision making. So your Business set up companies in Dubai should deliver proper service; so that to make you start your business in efficient way.

Business consultants in Dubai can save you money

There is no doubt about it. A good business consultants in Dubai can save your money in long term. But the question is; is your business set up consultants in Dubai are good enough in their services? You can save money at an early stage by selecting a capable business setup company in Dubai. Some company employ inexperience consultants and tries to charge their clients based on their reputation. It would be perfect for you to find a business consultant in Dubai; who has real and practical experience in various side of business set up.

Dubai business setup consultants can speed up the process

Business consultant in Dubai deals with business set up activities also. So they know the rules and regulations and needs of business set up. Business setup consultants can speed up your set up process; because the time require for getting all these info will be reduce. And finding of business set up consultants is very easy just search online; and pock the top few consultant to get start of your process.

Our Other Services: | UAE offshore company formation |

Last updated on March 8, 2022

Umm Al Quwain free zone

Umm Al Quwain Free Zone (UAQ FTZ) is located in Umm Al Quwain. It is a friendly, advance as well as wealthy emirate with modern setup. UAQ free zone is famous for its desert scenery as well as unique vegetation flower; plants as well as  wildlife. It is also a popular vacation point. UAQ free zone is also located within 45 minutes from Dubai Airport; Umm Al Quwain free zone is a friendly; progressive as well as offer easy set up process. Umm Al Quwain has a stable economy. It also open investment climate and offer a very low costs of living; as well as a cheap labor availability make it a strategic business base with the MENA region.

Umm Al Quwain Free Zone is an ideal location for Micro Businesses; SME as well as Multinationals companies to do business in a safe and sound free trade zone. It is also one of the best good looking places for your effective investment in the region. Our consultant will make the registration and licensing process quick and easy. UAQ Free Zone is a strategic initiative of the Govt of Umm Al Quwain.

Advantages of Umm Al Quwain free zone company

• Generous investment incentives
• UAQ free zone offers 100% foreign ownership
• Umm Al Quwain Free Zone offer an investor friendly environment
• 0% corporate as well as 0% personal tax for an Umm Al Quwain Free Zone company.
• 100% repatriation of capital as well as profits for an Umm Al Quwain Free Zone company
• Also Umm Al Quwain Free Zone offers an open investment climate
• No exchange control for an Umm Al Quwain Free Zone company.
• Low costs of living as well as cheaper labor are available.
• Ease of doing business in Umm Al Quwain Free Zone.
• Umm Al Quwain Free Zone has an excellent growth opportunities.
• It offer a cost effective leasing options for office space and warehousing.
• Sound, transparent as well as modern legal frame work.
• Premium Consultancy, Micro Business, Freelancer Permit.

Umm Al Quwain Free Zone look forward to provide a perfect plate form. That will allow you to run your idea into a successful business.

Type of License for UAQ Free zone Company formation

Tell now we have discuss about UAQ and UAQ free zone; as well as note some of main key benefits of UAQ free zone. At this point let me tell you an other important thing; which is the core of any free trade zone. That is the type of license allow in UAQ free trade zone. An UAQ Free zone company can hold one of the following types of license.

Umm Al Quwain Free Zone Commercial License

First of all in the first place, in this type of a license one can perform an import; as well as an export, distribution as well as can store the items specified on the license. A Commercial License can have three different product lines or 10 similar product lines.

General Trading License in Umm Al Quwain Free Zone

This type of a license enables you to trade in a wider range of activities; also gives the freedom as well as flexibility; to trade in any commodity which are allow in the UAE.

Note: Commodities which require special approval or clearance from various UAE authorities; for example explosives and armaments cannot be trade with a General Trading license.

Consultancy License in Umm Al Quwain free zone

First of all in the first place; in this type of a license one can perform activity like expert or professional advice. And also issue to all kind of professionals. It allows two similar activities.

UAQ free zone Freelance Permit

This allows an individual to operate as a freelance professional; and conduct business as a freelance company. The Freelance Permit is design for individuals who operate in technology; media as well as film sectors; and also it is issue to talent roles; creative roles and selected administrative roles.

UAQ free zone Industrial License

First of all in the first place, in this type of a licensee one can import raw materials; then manufacture, process, assemble as well as package the specified products; and also export the finished product. It allows the holder to import raw materials for the purpose of manufacturing; processing and/or assembly of specified products.

Service License in UAQ free trade zone

This type of a license is for service providers. It permits to carry out the services specified on the license within the Free Zone, such as Logistics; Courier Services; Insurance Service Provider, a Travel Agency, a Tour Services; Car Rental etc.

Micro Business License in Umm Al Quwain Free Zone

This type of a license is for those who would like to start with low budget; and also do not need a physical office or a visa. They can start a Trading or a consultancy business using this cheapest option.

UAQ free trade zone Premium Consultancy License

This type of a license is for those who wish to do a Real Estate consultancy; a Financial Consultancy, a Tourism Consultancy, a Legal consultancy; also an Investment Consultancy; Oil as well as Gas engineering Consultancy; Shipping as well as Logistics and Aviation Consultancy.

Type of Entity Allow in UAQ free zone

Tell now we have discuss about Umm Al Quwain; also about Umm Al Quwain free zone; as well as note some of the key benefits of Umm Al Quwain free trade zone. Now its time to say some thing about the real structure of the Umm Al Quwain free zone. There are several options when it comes to setup a business in UAQ FTZ.

• A Free Zone Establishment (FZE); It requires only one single shareholder
• A Free Zone Company (FZC), It requires two and up to 50 shareholders
• A branch of an existing company Corporate shareholders are permitted.

Document required for UAQ Free Zone companies formation

Following documents are needed for UAQ free zone company formation

• Pass port copy for each of the share holder
• Pass port copy and C.V for each of the Manager
• Proof of initial approval for each of the activities
• Proof of trade name reservation for UAQ free zone company set up.
• Also Personal info sheet for each of the share holder; as well as manager.
• Notarize as well as attest POA appointing Our Firm as your legal representative; So that we can act on your behalf and / or on behalf of the share holders.
• Lease agreement – Having a physical address for your business / office is Mandatory in the UAE.
• Also during the process, it might be require some other documents as well; it depend on the type of activity.

Umm Al Quwain Free Zone fees

What is special about UAQ free zone company setup?

First of all in the first place, UAQ free zone company setup offer three type of license; which are specially design for the needs of expat; who is looking for activities not easily allow in another places. Second thing about UAQ free zone company setup is that; it is best suitable for single professionals. It is also best suitable for those who is looking for the most economical options. Because it offer special licenses like Micro Business as well as Freelancer Permit. Also the process of company registration in UAQ free zone is very simple; as compare to the other free trade zone. It does not need the owner to come to UAE for signing the papers. The work can be done through others like a consultant.

Procedure for the company formation in UAQ free zone

Step 1: Choose the license

First of all in the first place, you need to decide which license is best suitable to you; as well as your business. If you are not sure about the license as well as activity; then Our team can advise you on this as well.

Step 2: Choose the entity

There are three main options when it comes to setting up a business within UAQ FTZ

• A Free Zone Company (FZC), which is for two and up to 50 shareholders
• A Free Zone Establishment (FZE), which is suitable for a single shareholder
• A branch of an existing company

So you need to choose one option to setup company in UAQ free trade zone.

Step 3: choose the facility

The third step in UAQ free zone company formation is to choose a facility; that is, from a variety of offices, warehouses and land suitable for your business.

Step 4: Submit documents

The 4th step in UAQ free zone company formation is to submit documents. At this point let me tell you one important point; that is, you need to come up with complete set of document. Other wise they will not entertain your requist. Our staff is happy to assist with best of our knowledge.

Step 5: payment

After submitting the document; UAQ FTZ staff will raise an invoice whereupon payment will be require.

Step 6: receive trade license and activate your business

After making payment, the entity will be license from UAQ Free Trade Zone Authority. Any questions and enquiry can be spoken to the elected client relationship manager. As soon as the license has been issued, the business is ready to begin trading within UAQ FTZ.

Our Other Services: | RAK free zone company setup | RAK offshore company registration |

Last updated on March 7, 2022

Sharjah Airport free zone

The Sharjah Airport International Free Zone (SAIF-Zone) was established in 1995 and it is one of the main business centers of the United Arab Emirate. SAIF zone is located next to the International Airport of Sharjah and so called Sharjah Airport International Free Zone. The SAIF zone hosts over 5,000 companies from more than 150 countries.

Business Activity in Sharjah Airport Free Zone

Sharjah Airport Free Zone offer a wide range of business activities including import and export, IT services, media, logistics, consumer durables, trading, publishing, advertising, light to medium manufacturing and many more.

Main characteristics of Sharjah Free Zone Company formation

Following are the main characteristics of Sharjah Free Zone Company formation

Incomparable Convenience of company incorporation in SAIF zone

The company incorporation in SAIF Zone has competitive lead due to its strategic location at the cross roads of most important trade routes linking the east and the west. As a business hub, it offers an access to more than 2 billion consumers across the GCC, South Asia, CIS, parts of Africa and the Mediterranean.

Sharjah is a unique trade bridge that makes company incorporation in SAIF Zone unmatchable solution for company setup in free zones. Linking the Arabian Gulf and the Indian Ocean, this bridge makes the SAIF Zone the ideal business hub in the Middle East.

ZAIF Zone has a proven promise to provide investors with the perfect and thrilling conditions for company incorporation in saif zone. By way of example, the Sharjah Airport Free Zone is regularly improving its value-added services, office and industrial unit facilities, infrastructure and technical and scientific expertise.

 Advantages of Sharjah free zone company formation

There are distinct advantages of Sharjah free zone company formation. With a trading history dating back to the early 18th century, Sharjah today accounts for more than 45% of all industrial activity in the UAE.

The cost of Sharjah free zone company formation is less than in any other emirate of the UAE, and the focus on industrialization has in recent years turned Sharjah into a commercial hub registering an annual growth rate of 13%.

The Sharjah Chamber of Commerce, Sharjah airport international free zone authority and the Government of Sharjah are exceptionally pro-active and business savvy entities geared to provide all support to potential businessmen.

In addition to tax-free operation and an absence of red-tape, the Sharjah airport free zone offers unbeatable trade advantages and matchless benefits to investors:

• 100% repatriation of capital and profits in Sharjah airport free zone
• 100% foreign ownership allowed in Sharjah airport free zone
• 100% exemption from income and corporate taxes
• Sponsorship and visa’s for all staff
• License issued within 24 hours in Sharjah free zone
• 24 hour hotline for equipment and provision of labour
• On site labor accommodation
• Competitive structure of fee, property and management
• Access to over 2 billion customers Strategic location
• Simplified procedures
• Global and regional communications with excellent air, land and sea links
• Back up services provided by the Sharjah Chamber of Commerce and Industry and the Sharjah Expo
• No restriction on hiring of 100% expatriate workers, and many more.

What are the types of company formation in SAIF Zone Sharjah?

There are three types of legal entities that can be setup in Sharjah Airport Free Zone (SAIF Zone Sharjah).

Free Zone Company (FZCo)

Two or more shareholders can set up a Free Zone Company in SAIF Zone (Sharjah Airport International Free Zone) with a minimum capital of AED 150,000. In normal cases the maximum no# of shareholders allowed in SAIF Zone is up to 5 and if approved by SAIF Zone the maximum no# of shareholders can go up to 7. Liability shall be limited to the FZC’s share capital.

Free Zone Establishment (FZE)

A single shareholder can form a Free Zone Establishment in SAIF Zone Sharjah. The shareholder can be a natural person or a corporate structure. There shall be only one shareholder in a Free Zone Establishment (FZE). The smallest capital required for a FZE is AED 150,000. Liability of a Free Zone Establishment shall be limited to the FZE’s share capital.

Branch of a Company

Companies established in UAE or in foreign territory can setup their branch in SAIF Zone. A company register in a foreign territory, if authorized by its documents, can open a branch of their company in SAIF Zone. The SAIF Zone branch of such company shall have the same name as that of the original company. A company incorporated in UAE, can form a branch of their company in SAIF Zone when the parent company submits all the necessary documents to this effect.

What is the business activities allowed in Sharjah Airport Free Zone?

SAIF Zone offers 4 types of business licenses for various business activities.

General Trading License

A general trading license has a large number of products fall within its range. This type of license is classified under the commercial license.

Service License

Service license allows the owner to carry out service or consultancy activities that are specified in the license.

Commercial License

Commercial license is useful for activities like import / export, consolidate, distribute and store items specified in the license from SAIF Zone. There is a limit on the number of similar product lines that is (3).

Industrial License

An industrial license from Sharjah Airport Free Zone allows the investor to involve in activities such as processing, manufacturing, packaging, assembling etc.

Our Other Services: | business setup in uae | Dubai offshore company formation |

Last updated on March 5, 2022

DIFC company formation

DIFC is a financial hub of Dubai and provide a platform for DIFC company formation. It is a federal financial free zone and was developed according to UAE Federal Order No# 35 of 2004, UAE Federal Law No# 8 of 2004 and Dubai Law No# 12 of 2004. The DIFC reside in a physical territory of around 110 acres. The DIFC has its personal legal system and courts, independent from those of the UAE, with jurisdiction over corporate, employment, commercial, trusts, civil and safeties law matters.

DIFC company formation

The DIFC goals to provide a platform for DIFC company formation and especially financial institutions to conduct business with the emerging markets of the region. It was established with the dream of generating an background for growth, progress and economic development in the UAE, while accessing the area’s markets by providing globally recognized legal and business practice, as well as the appropriate structure keeping up with international standards.

It is an international financial center advantageously located in the middle of the Dubai. it is bounded by a area that is fast emerging and rich in natural resources and petro dollars. Joint with the tax friendly government and the unrestrictive attitude on the subject of capital repatriation and movement of funds, it offers a financial target and center that is matchless.

Benefits of Company formation in DIFC free zone

Following are the main advantages of company formation in DIFC free zone

• 100 percent foreign ownership is allowed for company formation in DIFC free zone.
• Internationally accepted laws and regulatory processes.
• Zero percent tax rate on income and profits for company formation in DIFC free zone.
• Environment for business setup in difc is dollar denominated environment.
• An extensive tax agreement network for UAE merged entities.
• An exclusively clear as crystal operating environment, meet the terms with international best practices.
• Freedom of repatriation of capital and profits for DIFC company formation.
• A world-class, self-governing, regulatory agency working alongside other financial regulatory agencies located in key international jurisdictions.
• A range of legal vehicles that may be established with capital structuring flexibility.
• An international stock exchange with primary and secondary listings of debt and equity instruments.
• A pool of skilled professionals exists in Dubai and the region.
• A responsive one stop shop service for visas, work permits and other related requirements.
• A modern and well-organized transport, communications and internet infrastructure.

Main characteristics of DIFC free zone company formation:

Following are the main characteristics of DIFC free zone company formation

Registrar of Companies for Company setup in DIFC free zone

Registrar of Companies office is in charge for formation of companies in DIFC free zone. It also has an important role in given that information on DIFC entities.

The main functions of Registrar of Companies for company setup in DIFC free zone are:

• incorporate/setup and liquidate DIFC free zone companies;
• examine and store DIFC free zone companies information supplied under the appropriate laws and regulations;
• And make this information accessible to the public.

The role of the Registrar of Companies staff is to instruct on, review, receive and process all applications submitted by approaching DIFC registrants looking for to do company setup in DIFC free zone in accordance with the Companies Law, the Limited Liability Partnerships Law, the General Partnership Law, or Limited Partnership Law and the implementing rules and regulations applicable thereto.

Types of Entities in Dubai International Financial Center:

• Limited Liability Company – LLC – A Limited Liability Company may not become regulated by the DFSA and may not issue securities. A minimum of one member is required.
• Company Limited by Shares – LTD – A Company Limited by Shares is permitted to raise capital by offering shares as per a public offer and can issue securities. Company Limited by Shares required minimum of one shareholder.
• Limited Liability Partnership – LLP – A Limited Liability Partnership may be established by two or more shareholder who should be members of the Limited Liability Partnership. The liabilities of the members are limited to the extent of their shares in the Limited Liability Partnership.
• General Partnership – GP – A General Partnership is formed by two or more shareholder and all shareholders are jointly and separately liable without limitation, for the debts and responsibilities of the partnership.
• Recognized Company – RC – A Recognized Company is a registered branch of an existing foreign company within the DIFC. A Recognized Company is not considered to be a separate legal entity and therefore is just working as the extension of the foreign incorporated company.
• Limited Partnership – LP – A Limited Partnership is formed by two or more shareholders and must include at least one general shareholder whose liability will be unlimited and one limited shareholder whose liability shall be limited to the contribution made by it to the Limited Partnership.
• Special Purpose Companies – according to their agreement they need to be licensed to operate under the DIFC Authority.
• Pre-existing LLP, GP or LP may be registered in the DIFC free zone.
• The DIFC free zone Authority also permits foreign companies to be transferred to the DIFC (on condition that the foreign company is authorized to do so pursuant to the laws of its incorporating jurisdiction).
• Non-regulated entities are those, which are incorporated in the DIFC but are not involved in carrying on a Financial Service or are not required to be regulated pursuant to one or more of the exemptions set out in the DFSA Rulebooks. Examples of such entities include companies carrying out proprietary investments, service providers such as recruitment agencies, coffee shops, restaurants and bars, companies carrying out activities of a support or back-office nature, holding companies.

Document required for business setup in DIFC free zone

• Proof of trade name reservation
• Passport(PP) Copies for the shareholder(s)
• Proof of initial approval for the activities
• Personal Information sheet for each shareholder & manager (Prototype will be provided by Our company)
• Passport copy and C.V of the Manager
• Notarized Power of Attorney appointing Our Firm as your legal representative, So that we can act on your behalf and/or on behalf of the shareholders.(Prototype will be provided by Our company).
• Lease agreement – Lease Documents Having a physical address for your business/office is Compulsory requirement in the UAE. The rent in average within the free zone area is US$ 25 up to US$ 45 per sq. / ft. (US$ 225 up to US$ 400 per sq. /m.). Our company can assist you while searching for your Physical address.
• Also during the process, it might be a requirement for a few other documents by the authorities
• There are some activities which might require third party / authority pre approval – accordingly additional Cost and professional fees might be applicable.

Additional Documents required for a corporate shareholder

• Board resolution to be resolute by the board of directors for your existing firm at place of origin stating intent of establishing a new setup abroad. Must be notarized and attested by the U.A.E Embassy.(Prototype will be provided by Our company)
• Notarized and Attested Memorandum of Association / Article of Association. It must be attested from the UAE Embassy at the place of origin.
• Certificate of incorporation – if applicable – for your existing company, license your existing organization notarized and attested by the U.A.E Embassy.

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