Starting a business in the United Arab Emirates Guide
We also assist in opening bank account with all local leading banks. Al-Hashim Consult business setup services offer in-depth knowledge and extensive experience in company incorporation can assist to form a mainland companies based on the client’s business plan. The Freezones of UAE are special economic zones that provide added benefits and security.
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One of the most attractive free trade zones for incorporation is Ras Al Khaimah. Companies registration here may conduct business outside the FTZ and the country. Pursuant to the laws such companies enjoy tax free status with regard to capital gains, repatriation of income and dividends. In addition, foreign citizen can own up to 100 % in such company, while the procedure of registration is quite straight-forward and fast.
Alfa Zone Businessmen Services is the only consultant in UAE which offers company logo, business card, company stamp, website domain free of cost along with best Mainland Business License. Those applying for a license renewal are obligated to present audit reports with their application. Registered UAE audit companies must be assigned to prepare the audit report of a business. After a year has passed, the business must either renew its license or deregister.
In the UAE mainland, the main limitation in setting up a limited liability company for foreign investors is the foreign ownership restrictions. When setting up a LLC, the CCL prescribes that at least 51% of shares must be registered under a UAE national . In practice, there are professional service providers acting as nominee shareholders, holding the 51% of shares for, and on behalf of, the foreign investor. Dubai has attracted a large number of foreign investment and entrepreneurs. While the regulations favour enterprises and foster economic growth, business setup Dubai or setting up a business in UAE is no laughing matter. Easily guide you and provide hassle-free business setup services in Dubai and the UAE.
Once the job is complete by the Economic Department then again forward the application to FFC Committee. During this stage of processing, nature of business will confirm after justification. Keep in mind that there are certain activities that are prohibited in Dubai. They contact us to guide them for Dubai company registration and work permit of the directors.
A LLC must appoint a minimum of one manager and up to a maximum of five managers for the business. Managers must be appointed by a Memorandum of Association or by a management contract, for a fixed term or an unlimited term. Unless the Memorandum of Association states otherwise, the manager has full powers of administration and management of the LLC. LLC is not allowed to practice its activities in the UAE without a Trade License and Commercial Registration Certificate. For all licenses, the UAE now allows 100% of shares to be owned by expat individuals. Incorporated in one of the free trade zones of the UAE, may conduct business only outside the Emirates.
One of the main differences between Singapore and Dubai is their tax regimes. Singapore has a very competitive tax system, with low corporate tax rates and a wide range of tax incentives for businesses. Dubai, on the other hand, has a more complex tax system, with a mix of federal and local taxes. The virtual company license is the first set of services offered under the Virtual Commercial City program.
If you are opening your company in one of UAE's Free Zones, your company will need to have from two to five shareholders. As we've mentioned earlier, companies in Free Zones can be fully foreign-owned, are exempt from personal and corporate tax and more. For instance, companies established in the Free Zone can't be involved in trading activity directly with the UAE.
Onshore companies in the UAE are registered by foreigners for doing business in the free economic zones in the Arab Emirates and abroad. It is impossible to obtain residence visas for owners or employees of the company. A mainland company can be registered in any emirate of the UAE. To do so, one needs to receive permission for registration in theGeneral Open Real Estate company in Dubai Directorate of Residency and Foreigners’ Affairs. Most government services for entrepreneurs have been transferred online to the websites of government departments and apps such as Dubainow and UAE PASS. We help you keep it beating with managed services that get you to market faster, extend your global reach and deliver the best customer experience.
UAE Offshore company registration is a very popular method of doing business in the Middle East region. In UAE there are three offshore jurisdictions – Dubai Ras Al Khaimah and Ajman. They offer similar services but serve different strategic goals of offshore company registration.