6 Easy steps to setup your
Business in Dubai
1 STEP
Contact Us
2 STEP
3 STEP
Select jurisdiction
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6 STEP
Dubai Company Formation
UAE is the number one destination for millions of investors worldwide.
The country’s rapid economic growth and most favorable investment climate are serving as the business base for many companies – from startups to conglomerates. Having acquired the top world ranking positions as the tourist destination, Dubai and Emirates are now becoming business hub for the world. With the upcoming Expo 2020, the tourism and business combined will bring more than 20 million people to the country.
While millions of companies have already started their successful operations, for many UAE remains a dream destination. That can easily become the reality. It is considerably easy to start a business, obtain license, open bank account and rent an office, but there is much more than that.
First of all, you would need a partner to entrust your strategy and grow your business, win market share, stay competitive, connect with like-minded professionals and much more to stay ahead of competition.
Asad Abbas and Co. is your trustworthy advisor and partner to help you along the way to your dream – from starting a business to making it profitable in UAE, in the center of the world. We have been in the market since 2008, supporting our clients from the start of their operations in UAE, leading them along the way to success.
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OFFSHORE -
MAINLAND -
FREEZONE
Offshore Company
The word offshore often means nothing more than anywhere other than the place of physical location of the person using the word (i.e. overseas). We use the words offshore business and offshore company as terms of definition in connection with matters such as the structuring of international business & family wealth management or tax planning.
Incorporation of an offshore company (or non-resident company) can be used for various purposes. One of the most common is the use of an offshore company as a holding company to hold interests in other companies in various jurisdictions, to hold trademarks, copyrights and other intellectual property rights, as well as to serve as the holding company for licensing of franchises. The income from taxable jurisdiction flowing to the offshore company (holding company) is not taxable.
Advantages of setting up an Offshore Company:
- No minimum capital requirement.
- 100% foreign ownership permitted.
- Opening corporate bank account in a bank at Dubai .
- An offshore company has the capacity and privileges of a natural person.
- All shares must be fully paid when allocated and no bearer shares or differential classes of shares are allowed.
- There is no requirement to deposit the capital in bank.
- Easy procedures for transfer of shares.
- World class banking and investment management services available
Experience Dubai by yourself and unveil the secret to understand why it is called a destination of the best talent from all over the world…
Mainland Company
UAE mainland consists of all business entities which are directly registered under each emirate’s government and its authorities without the limitation of commercialized geographical areas. The mainland company set-ups are directly registered with department of economic and development and represent the government policies with its legal structure towards its most developed economy.
Advantages of setting up a Mainland Company:
- A Dubai LLC company are flexible to do business in any part of the UAE and can have access to the Dubai government business
- No limit on number of visas
- More business activities are available for licensing with less restrictions
- Through a Dubai LLC formation, investors obtain a strong physical presence in Dubai.
- Cost effective office space is easier to find in the city as compared to the free zones.
- A Dubai LLC formation may or may not be subject to minimum capital requirements, dependent on the size, nature and type of business activity.
- It is easy to open global corporate bank accounts in a Dubai LLC formation
- No business or personal taxes
Experience Dubai by yourself and unveil the secret to understand why it is called a destination of the best talent from all over the world…
Free Zone Company
Establishment of new business in these Free Trade Zones (FTZs) can be extremely attractive option for foreign investors. There are more than 20 Free Zones in Dubai and overall 45 Free Zones across the entire United Arab Emirates namely in Abu Dhabi, Sharjah, Ajman, Fujairah, Ras Al Khaimah and finally, Umm Al Quwain. Fees will vary depending on your desired business activity, requirements of office space and UAE residence visas.
In the free zone, a Flexi-desk Office is very popular and very convenient for investors who would like to test the waters first before diving into larger scale. In this set-up, the company will be entitled with a designated/flexible desk and a table inside a Free Zone Business Centre, where he can use on a part-time basis while giving his business a fulltime physical address and professional appearance. He can also access a host of business amenities including postal
services, PO box and meeting rooms during their available timing, whenever he require. You will also be entitled to apply for corporate bank account under the company as soon as the license is issued.
Advantages of setting up a Free Zone Company:
- 100% ownership of the company.
- Directly engaged with the free zone authority.( No government Influence)
- Local sponsor is not required as Main Land companies.
- A one stop shop facility for processing of all documentation including immigration, registration and licensing
- No foreign exchange controls or barriers to entry No restrictions on capital repatriation
- Preferential freight rates & Regulated environment
- Preferential freight rates & Regulated environment
- Total tax and duty exemption.
Experience Dubai by yourself and unveil the secret to understand why it is called a destination of the best talent from all over the world…
contact us now to know more...
Asad Abbas & Co. (Chartered Accountants) will assist you and guide you through a hassle-free process than you
could imagine. We take care from filling up the application forms, submission and collections of payments and
required documents on your behalf, up to obtaining your UAE residence visas and bank account.