Sharjah, Dubai, United Arab Emirates
Verified
Add Review
Our Services
The United Arab Emirates (with UAE Free Zone Company) has several advantages meant for a modern age. Though it’s sparsely inhabited and coated in desert, its longitudinal position makes it a natural central point for liaising with financial markets in America, Europe and Asia in a very time of skyrocketing economic globalization. Its position additionally makes it a perfect hub point for an age of jet travel. And, of course, it’s vital oil deposits.
The free trade zones are established with the particular purpose of facilitating investment. The procedures for finance within the zones are comparatively straightforward. The companies operational within the UAE free zones are treated as being off-shore or outside the UAE for legal purposes. The Freezone Company Formation is appropriate for firms aspiring to use UAE as a regional producing or distribution base, with the majority of their business outside the UAE.
To the potential capitalist, the UAE presents especially favorable business surroundings. Wonderful infrastructural facilities including skilled experience and personalized services provide the UAE the edge. Client needs for Freezone Company Formation are met within the shortest time frame.
The incentives for free of charge Zone Businesses are :
100% Foreign Ownership
Can be formed by only one individual
You can open bank account in Dubai
100% Secrecy maintained
0% Tax
Less Renewal Charges
Can be liquidated anytime
You can do international business
Can do multiple activities
Can hold Properties
Regulatory Advantages :
Liberal labor laws.
No restrictions on hiring expatriates.
100% ownership in Free Zones.
No trade barriers or quotas.
Easy Licensing Procedures.
Simple Import, Export Policies
Fiscal Advantages :
Strong appreciating and fully convertible currency.
Low Inflation.
Easy funding from International Banks.
100% income and corporate tax exemptions.
No Foreign exchange controls.
100% capital and profit repatriation.
Setting up UAE Free zone Company with UAE Advantages :
Issue of visit and residence visa.
Open door policy.
Single window clearance for permits and consents.
Each capitalist gets personal attention.
Cost and time savings.
Smart roads, drain and waste material facility.
Prepared ready of power, water and gas at competitive costs.
Smart telecommunication facility and immediate phone and broadband affiliation.
Capitalist breaks ground within three months of signing lease contract as against 12-18 months elsewhere.
Wonderful native and international banks for funding project finance.
Proximity to entire gulf and international markets.
Cheap hotels, sports and leisure facilities.
Features of UAE Free zone Company :
It may not do banking and insurance business without special license.
It can have non UAE resident as director or shareholder.
It must have physical offices within the UAE.
It may acquire UAE residency Visa.
It can have UAE resident as director or shareholder.
It may maintain bank accounts and deposits within the United Arab Emirates.
It may hold shares in alternative UAE and worldwide firms / companies.
It is not duty-bound to keep up its books and records.
It may own property within the UAE.
It may own yachts registered within the UAE
We are highly appreciated for providing trusted service for Offshore Company Formation. UAE offshore company is a legal entity established in UAE offshore financial center, being protected by specific legislation which guarantees a status of full tax exemption, except for a small yearly license fee, and generally a high level of privacy. It is an entity specifically designed to be used by non residents only. UAE Offshore Company Formation can be an extremely resilient corporate entity commonly used in intercontinental tax planning, and can be amalgamated into a broad variety of business agreements. Tax augmentation, benefit (asset) protection and confidentiality are just some of the reimbursements which can be obtained by a proper application of an Offshore Company Formation.
The International Business Companies (IBC) Registry allows foreign investors to register offshore companies as RAK Offshore without the need to establish a physical presence in the UAE. Companies are usually incorporated within 24 hours. Any non-resident individual or corporate entity can register a company. Many jurisdictions are considered only as tax havens. The United Arab Emirates is a real country with a real economy with a population of approximately more than 4 million. It has an established history of international trade, finance and business, and today it is one of the fastest growing countries in the world with one of the highest standards of living. The choice of a suitable jurisdiction is an important decision and requires careful considerations.
Important aspects to be examined and which RAK (Ras Al Khaimah) offers may be outlined as follows :
Political and Economic stability of the jurisdiction
The availability of a modern and flexible legislative framework
Simple incorporation and filing requirements
The availability of Double Taxation Avoidance Agreement (DTAA)
State of the art banking system
State of the art telecommunication facilities
Benefits of UAE Offshore Company Formation :
By setting up UAE offshore company, businesses can expand their commercial activity within UAE. The Emirate of Ras Al Khaimah (RAK) has launched associate degree offshore facility. The International Business corporations (IBC) written account permits foreign investors to register offshore corporations as RAK Offshore, a division of RAK Investment Authority (RAKIA) while not the necessity to ascertain a physical presence within the UAE.
Why incorporate a UAE Offshore Company?
United Arab Emirate’s geographical proximity and cultural similarities makes it a prime location for businesses from countries within the Gulf and also the near east. These countries have already got sturdy business links with the United Arab Emirates. RAK Offshore is additionally seemingly to profit from the very fact that some countries within the region suffer from political unrest and/or quality protection problems.
The United Arab Emirates is a ‘real’ country with a ‘real economy’ with a population of roughly four million. It has a longtime history of international trade, finance and business, and nowadays it’s one among the quickest growing countries within the world with one among the very best standards of living.
Advantages :
Main activities of UAE Offshore Company :
General Trading
Holding Company
Shipping and ship management companies
Investments and Joint Investments Company
Consulting and Advisory Services
Property Owning
International & Professional Services
Commission Agents Company
Fiscal and Regulatory benefits of UAE Offshore Company :
100% income & corporate tax exemption
100% capital and profit repatriation
100% ownership in Free-zones
No Import / Export taxes
No Capital Gains Tax
No Value-added Tax
No Withholding Tax
Proximity to global markets
Main Features of UAE Offshore Company :
Directions FZE is primarily engaged in rendering the best Non Freezone Company Formation Services across UAE.
MAINLAND COMPANY SET UP
UAE mainland consists of all Business Entities which are directly registered under, each emirates government (other than specific free trade zones) and its authorities with the limitation of commercialized geographical areas. These main Land setups directly represent the Government policies and its legal Structure towards its most developed Economy
Licensing
The basic requirement for all business activity in UAE is one of the following three categories of licenses :
Some categories of businesses require approval from ministries also: for example, banks and financial institutions from the Central Bank of the UAE; manufacturing from the Ministry of Finance and Industry; and pharmaceutical and medical products from the Ministry of Health; branch of foreign company from the ministry of Economy and Commerce. More detailed procedures apply to businesses engaged in oil or gas production and related industries.
Ownership Requirements
Procedures governing the operations of foreign business interests.
In practice, however, Dubai company formation procedures are similar to the general system other emirates follow, whereby foreign owned offshore companies operated in one of three ways: with a local sponsor, through a partnership with a UAE national or company, or through a private limited company or public shareholding company incorporated by Ruler's decree. Since 1984, steps have been taken to introduce a codified company law applicable throughout the UAE. Federal Law No. 8 of 1984, as amended by Federal Law No. 13 of 1988 - the “Commercial Companies Law” - and its by-laws have been issued. In broad terms the provisions of the Law are as follows: The Federal Law stipulates a total local equity of not less than 51% in any commercial company and defines seven categories of business organization which can be established in the UAE. It sets out the requirements in terms of shareholders, directors, minimum capital levels and offshore company incorporation procedures. It further lays down provisions governing conversion, merger and dissolution of companies.
Legal Structures for Business
Federal Law No. 8 of 1984, as amended by Federal Law No. 13 of 1988 - the Commercial Companies Law - and its by-laws govern the operations of foreign business. In broad terms the provisions of these regulations are as follows:
The Federal Law stipulates a total local equity of not less than 51% in any commercial company and defines seven categories of business organization, which can be established in the UAE. It sets out the requirements in terms of shareholders, directors, minimum capital levels and incorporation procedures. The seven categories of business organization defined by the
Law are :
Partnerships
General partnership companies are limited to UAE nationals only. The Dubai government does not presently encourage the establishment of partnership-en-commendam and share partnership companies.
Joint Venture
A joint venture is a contractual agreement between a foreign party and a local party licensed to engage in the desired activity. The local equity participation in the joint venture must be at least 51%, but the profit and loss distribution can be mutually agreed. Joint ventures are suitable for companies working together on specific projects.
Public and Private Shareholding Companies
The Law stipulates that companies engaging in banking, insurance, or financial activities should be run as public shareholding companies. Foreign banks, insurance and financial companies, however, can establish a presence in Dubai by opening a branch or representative office.
Shareholding companies are suitable primarily for large projects or operations, since the minimum capital required is Dh. 10 million (US$ 2.725 million) for a public company, and Dh. 2 million (US$ 0.545 million) for a private shareholding company. The chairman and majority of directors must be UAE nationals and there is less flexibility of profit distribution than is permissible in the case of limited liability companies.
Limited Liability Companies (LLC)
A limited liability company can be formed by a minimum of two and a maximum of 50 persons whose liability is limited to their shares in the company’s capital. Most companies with expatriate partners have opted for this form of company.
In Dubai, the minimum capital is currently AED 300, 000 (US$ 82, 000), contributed in cash. But now it is not mandatory to show this amount deposited in bank account during registration of the company.
While foreign equity in the company may not exceed 49%, profit and loss distribution can be mutually agreed. Responsibility for the management of a limited liability company can be vested in the foreign or national partners or a third party.
Branches and Representative Offices of Foreign Commercial Companies
The Commercial Companies Law also covers the formation and regulation of branches and representative offices of foreign companies in the UAE and stipulates that they may be 100% foreign owned, provided a local agent is appointed.
Only UAE nationals or companies 100% owned by UAE nationals may be appointed as local service agents. Local agents - also sometimes referred to as sponsors - are not involved in the operations of the company but assist in obtaining visas, labour cards, etc and are paid a lump sum and/or a percentage of profits or turnover. In general, branches and offices of foreign commercial companies are not licensed to engage in importing activity except for re-export or in the case of products of a highly technical nature. To establish a branch or representative office in Dubai the following documents are required:
Professional Firms
In setting up a professional firm, 100% foreign ownership, sole proprietorships or civil companies are permitted. Such firms may engage in professional or artisan activities but the number of staff members that may be employed is limited. A UAE national must be appointed as local service agent, but he has no direct involvement in the business and is paid a lump sum and/or percentage of profits or turnover. The role of the local service agent is to assist in obtaining licenses, visas, labour cards, etc…
