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Dubai Company Formation Seven Seas Consultancy

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Dubai Company Formation Seven Seas Consultancy Start Your Business In Dubai Types of Company Formation ? FREE ZONES MAIN LAND OFF SHORE Registering an offshore company Registering a Free Zone (FTZ) Setting up business in the UAE Mainland areas as a new LLC company UAE can legally minimize the tax company in UAE will benefit will allow you enjoy: obligations of your business. your business in such ways: Besides, some more facts: 0% corporate and personal income 0% personal income tax taxes Low cost and prompt 0% corporate tax 100% repatriation of capitals and company registration No taxes on reexport profits 100% foreign ownership 100% ownership Many business activities available for 0% corporate and personal 100% repatriation of capitals licensing income taxes and profits Any retail chain opening Restrictions: No requirements for No custom duties when you Standard LLC share capital – 51% UAE minimum share capital import to FZ National, 49% foreign investor No public registry is More than 50 Free Zones all 100% foreign ownership – only in case published over UAE of setting up a company under a Professional License UAE Free Trade Zones (FTZ) are determined geographical areas where UAE mainland taxes, employment and import-export restrictions on business don't apply, as well as bureaucratic requirements, are lowered what makes them the desired destination for foreign investors. Starting a business entity in one of the UAE's Free Trade Zones can be a very attractive option for foreign investors, but choosing the right Free Zone for your business requires deep knowledge of the market. More than 50 different Free Zones are located in the UAE, accordingly, we can recommend the right Free Zone, depending on business conditions, visa and office requirements, and, certainly, investment budget. Business Setup Experts at My Business Consulting DMCC always carefully consider all factors to recommend the best place to register your business in the UAE to enable its economic growth. Contact us today to get an insightful kind advice on company formation in UAE Free Zones. HOW TO REGISTER A UAE FREE ZONE COMPANY ? 1. SELECT A LICENSE TYPE AND BUSINESS ACTIVITY 2. CHOOSE A FREE ZONE 3. SELECT A CORPORATE STRUCTURE 4. SELECT TRADE NAME & PREPARE DOCUMENTS 5. APPLY FOR INITIAL APPROVAL 6. SIGN LEGAL DOCUMENTS FOR COMPANY INCORPORATION 7. ESTABLISH BUSINESS LOCATION 8. COLLECT BUSINESS LICENSE UAE FREE ZONES AJMAN FREE ZONE AUTHORITY (AFZ) DUBAI DESIGN DISTRICT (D3) KHALIFA INDUSTRIAL ZONE ABU DHABI (KIZAD) DUBAI INTERNET CITY (DIC) RAS AL KHAIMAH ECONOMIC ZONE (RAKEZ) DUBAI MULTI COMMODITIES CENTER (DMCC) SHARAJAH INTERNATIONAL AIRPORT FREE ZONE (SAIF) DUBAI SOUTH FREE ZONE (ex.DUBAI WORLD SHARJAH MEDIA CITY CENTRAL) UMM AL QUWAIN FREE TRADE ZONE (UAQFTZ) DUBAI WORLD TRADE CENTER (DWTC) JEBEL ALI FREE ZONE AUTHORITY (JAFZA) ADVANTAGES OF BUSINESS SETUP IN UAE FREE ZONES No corporate taxes UAE Residence Visa 100 % foreign ownership of the enterprise No trade barriers or quotas Simple Import, Export Policies No restrictions on hiring expatriates No personal income taxes 100 % repatriation of capital and profits Infrastructure and facilities for Industrial and Commercial purposes WHAT IS A MAINLAND COMPANY? A Mainland company is a company registered in one of the UAE DED (Department of Economic Development). It means that if you choose to conduct business in UAE Mainland, you will need to register a business entity with the DED, which will then provide you a business license to start doing business in UAE. Mainland companies can practice any industrial, commercial, trading, professional, or tourism activity. Some professional activities are excluded as per DED's business regulations, and others require approvals of authorities that regulate these activities. Foreign investors may start their business in a partnership where 51% ownership of the company belongs to UAE nationals or choose a Sole Establishment company formation to own 100% of shares. However, some business activities are reserved for UAE nationals only. Shareholders must fulfill the formation documents and processes, which is included the appointment of a manager by the Memorandum of Association (MOA) or Service Agreement, for a limited or an unlimited period. Mainland must appoint a minimum of one manager and up to a maximum of five managers for the business. ADVANTAGES OF BUSINESS SETUP IN UAE MAIN LAND 100% repatriation of the capital 0% corporate and personal income taxes A mainland can have more than one branch Pitching for a host of private and government projects that are not available to Free Zone or professional services companies without a local partner Mainland allows foreign entrepreneurs to trade/operate directly with the local market Availability of a wide range of business activities HOW TO REGISTER A UAE MAIN LAND COMPANY ? 1. SELECT BUSINESS ACTIVITY 2. SELECT LEGAL FORM 3. SELECT TRADE NAME 4. APPLY FOR INITIAL APPROVAL IN DED 5. PREPARE MOA & LSA AGREEMENT 6. ESTABLISH BUSINESS LOCATION 7. GET APPROVALS 8. COLLECT BUSINESS LiCENSE.
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