Company formation in Dubai is a simple step by step process and does not require endless visits to a lawyer at every juncture of company formation. The procedures for company formation in Dubai are recognized to be a legal one and it includes the registration of company name and licensing of business activity. We are professional Dubai Company Formation specialists with solid ethics, providing world class customer service. Our highly trained team of Dubai capital Formation and UAE company formation professionals ensure that we provide a prompt and efficient service, guaranteeing you a no problem transaction. Dubai also developed into a prime jurisdiction for international business, with a good reputation, unlike all other jurisdictions without income taxes. Whatever your financial objectives, bring them to us and we make sure you achieve them. Whether you are looking to pay less tax, wish to establish Dubai company formation, bank account, safeguard business, set up a Dubai virtual office, or become immune to over-regulation, it's almost certain that your aspirations can be fulfilled. After we have identified what you need, we will be able to quickly continue with your company formation in Dubai
There are 2 categories of business that you can set up in Dubai Free Zones, namely:
Free Zone Company – are business that 100% owned by the person who set it up. You don’t require a sponsor or an agent to act as liaison to manage the venture. There is no restriction tying you down.
Benefits of Free Zone Company
- 100% 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
Offshore Company – this type of Dubai company registration refers to a business operating outside its boundaries. Example, a business in Switzerland opens a similar enterprise in UAE.
The offshore possibility has basically been set up to cater for companies who need to have a regional "tax relief-invoicing-facility" - There is no minimum capital required and no need to set up an actual office facility.The offshore regulations have been issued according to new international standards and companies will have to register minimum one director per company, keep financial records and issue an annual financial report audited by a professional auditing company approved by the free zone. Each company must hold annual general meetings (possible also by proxy) and in short perform and act as a normal company. The company regulations have been made out in strict conformity with new anti-money laundering measurements.
Local companies allowed to deal with:
Legal consultants, accountants, management companies etc carrying on business within the UAE,
Any bank in the UAE for the purpose of conducting its routine operational transactions.
If an offshore company wishes to conduct trade or other business in the zone or elsewhere in the UAE, it must obtain the appropriate licence to conduct the trade or other business activity from the competent authorities.