One of the most comfortable and profitable places to register a company is the UAE. It is here that businesses get the maximum number of offers that are profitable and allow them not to overpay taxes. Let's take a look at the benefits of registering a company in the UAE, according to Maira Consult experts.
What are the options for registering companies in the UAE?
Opening a company in the UAE for foreign entrepreneurs is possible in the following ways:
- classical offshore company;
- local company;
- company registered in a free economic zone.
Let's consider the recommendations from Maira Consult experts and what difficulties may arise for each option separately.
Offshore company
Registration of an offshore company in the UAE implies the use of only foreign capital. It can be established in the following emirates: Ajman, Dubai, Ras Al Khaimah. What are the advantages of registering an offshore company in the UAE:
- prohibition to conduct activities in the UAE;
- no need to have a physical office in the country;
- no need to pay taxes.
But keep in mind that the company's directors and shareholders will not be able to obtain a resident visa.
Local company
A company of this type can be registered anywhere in the UAE. At the same time, local companies have restrictions on the types of activities, which can be chosen only one at the time of opening. It should also be noted that some activities require additional permits from various institutions.
Free Economic Zone (FEZ)
A free economic zone is a limited territory in the UAE with a special legal status relative to the rest of the territory and preferential taxation for local entrepreneurs/foreign investors. Today, the country has more than 40 free economic zones, each of which is focused on setting up companies in a particular area.
What are the advantages of registering a company in the UAE in a free economic zone?
- transparent;
- obtaining a residency visa for directors and shareholders of the company, their family members, and employees of the company;
- opening a physical office.
Each economic zone has its own peculiarities in doing business. Maira Consult lawyers have collected the most popular emirates and the benefits of registering a company in the UAE in the following list:
- Dubai Multi Commodities Center. This zone is the best place to register trading companies in precious metals and stones.
- Dubai International Financial Center. It is considered the prestigious financial center of the Emirate of Dubai. You can register a company in the areas of banking, finance, and insurance. It is also possible to conduct business in the field of asset management.
- Masdar City Free Zone. In this free zone, it is possible to quickly obtain a resident visa and register a company.
- Abu Dhabi Airport Business City. This zone is ideal for setting up air cargo logistics and customs services.
- RAK Free Trade Zone. Here you can profitably open a company in the field of trade and services.
- Ajman Free Zone. It is an ideal choice of location for those who need low customs duties for companies in the field of production and logistics. The logistics network located at the entrance to the Persian Gulf also provides advantages.
- Fujairah Free Zone. In this zone, businessmen can open companies for sales and consulting agents, who only need to have a virtual office.
- Jebel Ali Free Zone. The zone is well suited for companies operating in the areas of trade, manufacturing, and logistics. An ideal location for the engineering and high technology industries.
- Dubai Media City. The best choice for companies that have chosen to develop in the field of media or media."
- What is an International Business Company? Its characteristics are similar to those of a classic offshore company. Among the main advantages of registering a company in the UAE, Maira Consult experts note:no licensing;
- both individuals and legal entities can be directors and shareholders;
- no requirements for minimum authorized capital;
- no need to keep financial statements;
- accounting documents can be stored anywhere;
- there are no different types of taxes (income, corporate, capital gains, value added);
- confidentiality and asset protection;
- the ability to operate on behalf of an international company;
- opening a bank account in the country;
- the possibility of owning real estate;
- access to world markets;
- denomination of the company's authorized capital.
The main advantages of registering a company in the UAE with Maira Consult
After contacting Maira Consult with a desire to register a company in a free economic zone, we can help you open the following forms of ownership:
- Foreign Branch (branch of a foreign company).
- Free Zone Establishment (FZE) (limited liability company).
- Free Zone Company (FZCO) (limited liability company).
If you need to open an account with a financial institution, Maira Consult recommends the following:
Personal Consultation
Would you like to get more detailed advice on the UAE? At in an individual consultation our lawyers discuss the following issues:
- selection of the form of ownership and place of registration, taking into account the scope of the company's activities;
- stage-by-stage registration of a company in the UAE;
- accounting requirements;
- obtaining a VAT number;
- conducting an audit (if necessary);
- various services in the field of intellectual property (registration trade mark).
Sign up for a consultation and get a complete list of the benefits of registering a company in the UAE and the most detailed answers to all your questions.
