Company registration in Dubai
The UAE is a federation of 7 emirates, formed in 1971. This oil-rich state has expanded and diversified its economy, becoming a global trade, commerce, and finance center. Today, they are considered a profitable jurisdiction for foreign entrepreneurs. Although the official language is Arabic, English is widely used in business.
Setting up a firm here is a great option if you plan to optimize your corporation and provide stable, comfortable working conditions. However, if you intend to start a company in Dubai, it will not be easy. It is necessary to understand local regulations and traditions and learn how to create corporate structures properly. To facilitate this process, many entrepreneurs seek Dubai company formation services. It is crucial to consider the legal system of the Emirates, which is based on the Civil Code, the Constitution, the Federal Law, Islamic Sharia, and the laws of each emirate.
What is establishment registration in the UAE?
This land is a place of many opportunities. The Emirates ranks 8th among the top ten most favorable markets for starting retail ventures. The jurisdiction is 11th in the global index regarding ease of creating and doing business. Registration of the enterprise allows you to penetrate major markets in Europe, Africa, and Southeast Asia. There are 138 double-tax treaties. The corporate legislation is based on the English common law system, as in England and Singapore.
If you decide to set up a business in Dubai, you will find simple and understandable requirements at all phases, along with political and economic stability, 0% personal income tax, low corporate tax, and no requirements for contributing authorized capital. Favorable conditions have been developed for business growth, and many opportunities exist for start-ups and foreign investors. The popular areas for Dubai business setup include IT, financial services, business services, tourism, trade, and shipping. The country boasts great infrastructure and a robust economy, with the availability of resources making it possible to run a profitable mining enterprise.
To summarize, the main benefits of setting up a firm in this state are the free economic zones in all 7 emirates, the absence of currency control and state regulation, and the possibility of duty-free withdrawal of investment capital. There are also no taxes on most activities. Additionally, there is no public registry here, guaranteeing the privacy and safety of doing business. Details about the owners and shareholders of foreign corporations are not disclosed; therefore, protection against a takeover of corporate rights is provided at the legislative level.
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Our advantages in company formation in the UAE
Using extensive practical experience, our employees will assist you in Dubai LLC company formation to open a low-tax firm in the Emirates. For successful development, the legal entity must be correctly registered per all the laws of the country and the region. Grounded on the type of activity and the requirements of your strategy, our attorneys will help you choose the best form of registration, corporate structure, and advantageous place of business. We check the licenses and status of companies before cooperating with them. Since there is no unified registry, each emirate and free zone has its own company records (for example, the Abu Dhabi company register) and provides its own verification capabilities—we will help to make requests.
Types of Companies in Dubai
Dubai offers a stable and developed environment for those looking to open a business in Dubai. Specifically, entrepreneurs may benefit from its strategic location, modern infrastructure and some business-friendly regulations. The city itself is considered a huge and global strategic hub for trading activities and investment business. The process of company formation in Dubai is quite straightforward and well-defined at each step. Additionally, the process of company formation may be both affordable and easy with the right legal advisors. Do not hesitate to contact our expert team to get a comprehensive overview of jurisdiction.
Before you start the process of incorporation in Dubai you must choose the preferred type of legal entity. Generally, there are five main types of companies but each category has its own subdivision. Among them the Dubai LLC (limited liability company) is considered to be the most selected and popular one. Except from LLC, such other types of companies are available for setting up: a) partnerships; b) offshore companies; c) the joint venture companies; d) liaison or representative offices. If you plan to incorporate a company in Dubai feel free to contact our experts so you get the required guidance in choosing the right form of business entity.
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What is the price of company formation in the UAE?
The Dubai company registration fees for forming a company in the UAE is €12,000.
The process of incorporation in the Emirates
Foreign-born citizens can register an offshore organization, free trade zone business, or a limited liability company in partnership with a local national who must own 51% of the shares. Each of the mentioned forms has different operating conditions.
It is essential to select an emirate for accomplishing commercial activities. If company incorporation in Dubai is more suitable, then one has to choose the type of company, business profile, and location for registration. After that, the required papers are prepared, notarized, and filed with the state clerk. You can get a license for your activity type and obtain a Company Establishment Card. Without it, it is impossible to hire workers and have a resident permit for shareholders. Then you must open personal and corporate bank accounts and rent an office or workplace.
Reviews
Thanks to your team of lawyers for accompanying and assisting in collecting papers and incorporating my IT firm in FTZ.
I was worried about being included in the UAE business register, but they explained in detail all the intricacies of business confidentiality in this country. Thanks for helping me find the minimum space for my flexi office.
FAQ
What is the minimum office space required to open a company?
The minimum office for company registration in UAE is 20 square meters.
What is the cheapest free zone?
Umm Al Quwain is the cheapest business opportunity in the Emirates.
What is the price of company formation in the UAE?
If you want to register business in Dubai, you can find out the cost from our consultants. To do this, leave a request on the site or contact us using the contacts listed.
Can a foreigner set up a firm in the UAE?
Foreign individuals can register a company in the Emirates under the current legislation.
Required documents to register a company in the UAE
The list of documents depends on various factors. This is the number of shareholders, and their legal status, whether they are individuals or legal entities. If the shareholders are legal entities, their corporate documents must be legalized when registering a subsidiary or branch of the company. You need different documents depending on the company’s type (branch, new company, or subsidiary). Also, the requested documents may differ from emirate to emirate and free zone.
If you set up a firm for an individual, a minimum set of documents includes a passport, a 3×4 cm color photograph, and a utility bill in English. This will indicate which country you are a resident of. In some free economic zones, a business plan is demanded, and you cannot register an enterprise without it. Each specific free zone has its own list of required documents, which our lawyers will clarify.
If you set up a firm for an individual, a minimum set of documents includes a passport, a 3×4 cm color photograph, and a utility bill in English. This will indicate which country you are a resident of. In some free economic zones, a business plan is demanded, and you cannot register an enterprise without it. Each specific free zone has its own list of required documents, which our lawyers will clarify.
How long does it take to set up a legal entity in the UAE?
The time for registering your company varies depending on the selected emirate. In Dubai, registering a company requires more time due to increased requests. Opening a company can take 2 weeks to 1 month or a couple of days in other emirates.
The term for registering a company may increase to several months if the type of activity of the company requires additional permits from local authorities (Ministry of Defense, Ministry of Health, etc.).
The term for registering a company may increase to several months if the type of activity of the company requires additional permits from local authorities (Ministry of Defense, Ministry of Health, etc.).
Should I be present in the UAE to register my business?
Our experts will help you establish a new company remotely with the help of a power of attorney for registration actions. Experts will issue a tax resident certificate and coordinate all business processes in the UAE. To open an account, you must be present in person, which you can do only in local banks. International financial institutions do not provide account opening services to non-residents.
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