Company set-up can be quite easy if you have the accurate guidance to complete the business registration formalities. Setting up a company in Dubai requires multiple formalities like determining the activity type, legal form, local support, government approvals and a lot more. Our professionals will assist you with Company Registration, Business Assessment, Trade License requirements, Necessary Permits from Government departments, PRO work and Visa procedures. We also assist you in setting-up of branch offices in Dubai.
The classification of companies in UAE is
- Mainland Company.
- Free Zone Company.
- Offshore Company.
UAE Mainland Business Setup
A business entity registered under the Emirates government and its authorities are known as a mainland company. The Department of Economic Development (DED) is the responsible government entity for issuing all licenses for business in the mainland of Dubai. An expatriate can own 49% of shares in their company for business setup in mainland Dubai. A local sponsor must be appointed who will own the 51% majority of shares.
Dubai Free zone company
Free zone company registration Dubai is a highly lucrative investment option as a foreigner can have whole ownership of their business in any of the Dubai free zones. There is no need for nominating local sponsor or a service agent. Free zones in Dubai are the most coveted options for international business operations. They appeal to foreign direct investment due to their policies that spawn employment while supporting economic reforms.
UAE – Offshore company formation
Many businesses prefer to set up an offshore company, also known as the non-resident company, in Dubai, as the income obtained from a holding company (offshore company) is not taxable. A full ownership is granted to an expat in offshore Dubai only if they have a business outside the UAE. Inside the UAE, these companies can hold shares or other offshore companies or free zone companies. This registration is perfect for those companies who wish to dabble in international trading but also need access to the local bank accounts. These companies also get the ability to own real estate inside the United Arab Emirates.