The UAE is such a welcoming world for any business, playing a prominent role in global trade and commerce. Many foreign investors look forward to starting company setup in Dubai as the government is supportive, total freedom for company formation, 100% trade ownership, full revenue repatriation and business-friendly taxation. Thus, the country has become a popular choice of investment globally.
Registering a foreign company in the UAE
Foreign businesses in the UAE normally set up a branch or a Representative office. The branch is allowed to carry out commercial activities within the UAE but Representative offices can only market their products but cannot get a profit within the UAE. Both forms of companies have to obtain a commercial registration and license, linked to the parent companies.
Freezone business in UAE
The seven Emirates in Dubai have free zones with special taxes, customs, and import regimes. Company setup in Dubai Free zones is the best choice to start up a business as the company can enjoy 100% foreign ownership, complete profit repatriation, 100% exemption from any income tax, visa quotas, 24/7 access and more. There are almost 40 free zones in UAE. Also, the company registration in the free zone Is relatively simple once the documents got ready.
Characteristics for free zone company formation
- Choose the right free zone that allows the business to expand on a wider scale. Chose the one that supports your business requirements and activities
- Different free zones have different rules and regulations and also the number and types of documents required, vary according to free zone and type of business activity
- Differences in share capital requirement in various free zones
- Free trading between free zones and any import/export activity without any tax or duty
Mainland business in UAE
Limited Liability Company setup in Dubai is the most prevalent form and the standard type of business in the UAE mainland. These Onshore companies are a popular choice for traders, professional services, and retail businesses. Onshore companies are licensed by the Department of Economic Development (DED) and governed by the UAE Commercial Companies Law (CCL). Onshore companies can take part in business activities without the restrictions of the location.
- Choose the business activity and an ideal location
- Determine the business legal structure
- Get a local sponsor or local service agent
- Get a mainland trade license
- Apply for relevant visas
- Secure an office space
Sole Proprietorship
When you want to operate as the sole owner of the company, then go for the sole proprietorship in which the owner will have to assume all financial responsibilities of the company. In a sole proprietorship, the business entity is owned by one individual with the trade license issued in his/her name. Unlike a UAE Mainland company which requires at least 51% of shares registered to a UAE/GCC national sponsor, a sole proprietorship is granted 100% ownership of the business entity. To successfully register for a sole proprietorship, necessary documents are to be furnished.
Offshore business in UAE
Offshore businesses are quick and easy to set up which makes them yet another prevalent choice of company formation in UAE. Offshore companies are international businesses offering no tax or low tax benefits. These companies are set up with the purpose to work outside its jurisdiction. The benefits of setting up an offshore company include an opportunity to expand to the international market, a business-friendly environment, tax neutrality on your earnings, etc. One may face no or fewer complications for offshore company registration. The procedures take a few weeks to complete with the submission of required documents.
- No corporate tax to pay with 100% foreign ownership
- Hassle-free incorporation processes
- Lawsuit protection
- Protected assets
- Privacy
- Choice to issue many classes of shares
- Just one shareholder and one director required
Start your company with MAATS
Any type of business you opt for, MAATS, the best accounting services in Dubai to setup company setup in Dubai, let our experience and knowledge guide you through the procedures involved in company formation. We reduce any workload from your side so that you can sit back and relax, just furnishing the required documents and getting involved only where you have to. Get in contact with us to start your business in UAE the easiest way.
