Business Setup in Dubai, UAE
Free Zone, Mainland or Offshore?
One of the advantages of opening a company in Dubai is that you do not have to pay any taxes. Dubai offers total exemption from any kind of tax, be it income, corporate or personal tax but certain companies may have to pay a 5% VAT applicable on certain business activities.
To start your new business in the United Arab Emirates, first of all you need to know the differences between the types of companies on offer; Free Zone – Mainland – Offshore
Here are the key steps to set up a business:
- Determine the type of legal entity
- Choose a trade name
- Apply for a business license
- Choose an office space
- Get pre-approvals
- Register your business
- Get your license
Our consultants, thanks to their local experience, are able to provide you with the assistance you need for every aspect of company formation in the United Arab Emirates.
Types of businesses in the UAE:
The most important advantage of a company formation in the Free Zone is that compared to onshore companies, a Free Zone company will not require a local UAE National partner.
Setting up a business under UAE mainland is approved and directed by Department of Economic Development in all 7 Emirates.
The UAE Offshore is mainly based on executing, managing and operating in foreign countries with financial, legal and tax benefits. It helps you to run your business or asset ownership in the Middle East in the most effective and profitable manner.
Benefits of setting up a Business in the UAE:
100% Foreign ownership
100% Ownership for investors regardless of their nationality and domicile
100% Repatriation of capital and profits
100% Tax exemption on personal or corporate income or gains
Corporate tax exemption
Exclusion from all import and export duties
Freedom of setting up a company in the UAE without any location restrictions
Hassle free process without requirements of minimum capital and yearly audits
It can be used for international trading, asset protection or tax planning
Opportunity to expand the horizon of the business to global clients
Permissions to carry out private trading and to undertake government contracts
Real Estate properties can be acquired in certain designated areas of the UAE
