Our long term physical presence in UAE, gives us the advantage of a deep understanding of the local economy, laws, procedures and very importantly culture. In turn, this enables us to provide full assistance throughout every step of the business formation process.
We aim to provide our clients with a clear and precise picture on how to incorporate and operate a business in the UAE whether a Free Zone, Offshore or Local-based company.
Our experienced team who specialize in company formation makes the entire procedure simple, quick and efficient and ensures that our clients obtain all necessary permits in a timely manner and with minimal inconvenience.
About UAE
UAE was established in 1971 and is a federation of seven emirates each one ruled by a National family, which belongs to powerful tribes of the respective regions.
Since its establishment, the UAE has been transformed into one of the most prosperous and highly advanced societies. Principal aim of the government is to continuously promote efficiency and transparency so as to further boost the economic development in the jurisdiction.
The advantageous geographical location between Asia and Europe makes the transportation efficient, cheaper and easier. Foreign trade has shown a dramatic increase before recession on both imports and exports.
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Key benefits to incorporate in UAE:
- No Corporate Tax, except of banks and oil sector entities
- No Personal Tax
- High degree of anonymity
- High level of confidentiality – protected by law
- Double tax treaties with various jurisdictions including
Malaysia, UK and Hong Kong
- Compliance with Anti-money laundering regulations
UAE offers three different types of companies as per their legal structure, as listed below:
I. Limited Liability Company (LLC)
- Should be formed by minimum two to maximum fifty shareholders.
- At least 51% of the share capital should be owned by UAE National(s)
- No minimum capital required
- Distribution of profits can be made in different proportions as agreed between the shareholders
- Rules and regulations are generally similar in all seven Emirates of UAE
Follow the link for more information.
II. Free Zone Company
- May be branches and representative officers of foreign companies
- There are 45 UAE Free Zones available and each provide differing incentives.
- 100% foreign national ownership is allowed
- Freedom in hiring foreign employees
- Can be formed by one individual only
- No personal, import or export taxes
- 100% repatriation of revenue and profits is allowed
- Free transfer of funds
- No restrictions on currency
- Less documentation required, suitable for foreigners
- Ability for immediate liquidation
For more about the Free Zones in the UAE, follow the link.
III. Offshore Company
- Allowed for foreign nationals either alone or in partnership with foreign or UAE Nationals
- No minimum capital required
- Services are not permitted to be offered locally
- Tax-free earnings
- Easy set-up for corporate bank account
- Registered Office and Registered Agent in UAE are required
- Line of services allowed: Legal consultancy, accounting, management consultancy, IT and other similar services
- In case of certain specific professional activities, compliance with the relevant laws and regulations is required
- No audited financial statements are required
Press here for more information on offshore companies.
If you are interested to form a UAE company today, feel free to contact us by calling +971 4 3338188 or leave a message to info@uaeoffshore.com for a free consultation or for further details.
For additional information on who we are, our other office locations and our full service offering, please visit http://www.thecorpro.com/ and http://www.infocreditgroup.com/
