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Company Formation Services
It can be an exciting prospect–a city with bustling markets, flourishing businesses, and plenty of potential for success. But it’s also quite daunting. You need to consider norms, legislation, standards, logistics, finances, etc., and the list goes on. Even starting seems overwhelming.
With our knowledge, we ensure that critical areas have been identified before launching off towards future goal achievement, leading by example and utilizing time-efficient strategies found nowhere else! Ready to turn ideas into projects? Get started today-no matter your experience level, our qualified team has just what it takes to bring convenience, reliability, and affordability all at once. In the UAE, there are essentially three business structures to choose from.
Mainland / Freezone / Offshore /Variable Capital company (VCC)
Dubai Business Establishment: (Mainland Vs Freezone)
Business owners in Dubai have the option of locating their businesses on the mainland or in a free zone. The primary distinction between the two is the equity rule.
To start a business on Dubai's mainland, foreign nationals needed a UAE national to act as a sponsor with a 51% stake in the company. This rule has since changed because of the integration of the 100% foreign ownership law in 2018. Foreign nationals can now consider establishing a new business in Dubai without the need for a UAE national to act as a sponsor. Foreign nationals who want to start a business in a free zone, also known as a free trade zone, in Dubai will have 100% ownership of the company; however, these companies will be limited in their operations.
Mainland
UAE mainland businesses hasve access to favourable tax rates, improved connectivity, a skilled workforce, and reliable infrastructure. In the UAE, a variety of jurisdictions offer the option to form a mainland company. Some of the benefits are quoted below.
Office location
There are no geographical limitations when starting a mainland business in the UAE. Offshore companies or UAE freezone businesses are limited to their respective jurisdictions. The freedom to establish a business anywhere in the nation is offered by the UAE mainland business setup, though.
Capital Necessity
Different incentives are offered by a determined UAE government to attract foreign investment. No minimum capital requirement to launch your business on the UAE mainland is one such incentive. This gives you the power to make investments whenever and wherever you want!
Corporate Tax
Heavy corporate taxes are levied on foreign investors by various nations around the world. However, the proposed corporate tax that will be levied on the entity is very minimal if your business is established on the UAE's mainland.
Rules governing currency
There are no restrictions on currency exchange while conducting business in the mainland UAE. Additionally, there are no limitations on the remittance of funds.
Income tax exemption
Exemption from income tax is one of the best benefits of establishing a mainland UAE company. In the UAE, businesses located on the mainland and in other jurisdictions are not subject to personal income tax.
Global Platform
You become a global player with UAE mainland business. You can access global clients by launching a business on the UAE mainland. It also provides you with an opportunity to broaden the scope of your company.
Freezone:
In the UAE, there are currently more than 40 free zones in operation. Several of the prominent free zones include JAFZA, IFZA, DWC, DMCC, DFZA, DWTC, DSO, KIZAD, SAIF, AJMAN, RAKEZ, SHAMS, and Umm Al Quwain freezone.
Benefits of setting up a freezone business:
- 100% Foreign Ownership
- 100% Repatriation of Capital and Profits
- Fast and Easy Business Set-up Procedures
- Developed Business Communities
- Numerous Options at Competitive Costs
- 100% Exemption from Corporate and Income Taxes
- 100%Exemption from Customs Duty
- Independent Laws and Regulations
- Modern and Sophisticated Infrastructure
Offshores company formation:
With respect to deoffshoring risks and tax repercussions within contemporary legal frameworks, the UAE is by far the most productive jurisdiction. Businesses that engage in trade, investment, service provision, and international tender participation are given rights, guarantees, and protections by the state.
Therefore, Consultycs DMCC offers options for maximizing tax advantages, bringing money home, and protecting beneficiaries' privacy.
Utilizing the UAE legal framework effectively to expand global business:
For commercial enterprises:
Pricing policies can be designed to produce very attractive commercial propositions without corporate taxes or customs duties.
For service-based companies:
The UAE provides prestige, a business environment that is totally tax-free for both corporate and personal income, as well as many other significant benefits.
For investment and financing
Genuine incentives come from international agreements that prevent double taxation and protect investments.
Capital can move freely
maximizing a business structure by utilizing cash and settlement tools from UAE banks and tax-free organizations.
Asset \ownership
Real estate and other assets can be registered with or transferred to a UAE company or trust, which protects ownership information.
Taking part in bidding
Utilizing the status and reputation of operating internationally out of the Emirates to engage in significant local and international contracts.
In the UAE, there are 2 Prime Free Zones that grant licenses for offshore companies. These two institutions are: Jabel Ali Freezone / Ras al Khaimah
