The Dubai Company Setup offers qualified services when for your business incorporation in UAE. Our experts support our clients on the various types of incorporation in the region. UAE offers various types of business setup. One the many popular ones is the incorporation companies in the region. The Dubai Company Setup offers you an insight one the type of incorporation you can establish, from free zones to offshore companies.
Free Zones
Free Zones or free trade zone are designated geographical areas where definite taxes or limitations on business, employment or trade do not apply in the same way as other businesses in the region. These Free zones are business incorporations in UAE where merchandises may be alighted, controlled, mass-produced, reconfigured or re-exported deprived of the interference of the customs establishments. A free zone is often organized around major ports, international airports, and national frontlines - zones with many geographic benefits for trade.
Certain of the benefits of setting up a business in the free zone include:
- There is full import and export tax exclusions.
- There is full expulsion of investment and profits.
- There is No corporate tax in the region.
- There is no personal income tax.
- Free zones have no import or export tax for any activities.
- The process of setup is much easier.
Stages to be followed for business incorporation in UAE which is in practice in many free zones:
- The business name authorization and business occupation selection.
- The choice of local partner or a service agent.
- Then application of initial approval.
- The arrangement of court agreements and MOA.
- The rental of adequate office space and receive the tenancy contract.
- Lastly, the final submission and the payment of the business trade license.
Dubai Offshore Company And Its Benefits
Offshore Company are the type of company in Dubai signifies to a company functioning outside the region borderlines. For example, a company in Germany opens up a similar business in the UAE. The offshore prospect has basically been set up to accommodate the companies who need to have a regional "tax relief-invoicing-facility”. This means that there is no minimum investment essential and to set up an actual office facility is not a requirement. The off-shore procedures have been delivered according to new international ideals and businesses will have to list at least minimum one director per company. The would also be required to secure fiscal archives and release an annual financial report audited by a qualified auditing company permitted by the specific free zone. Every company must hold annual general conferences and in short perform and act as a normal company. The company policies have been made out in firm compliance with new anti-money laundering measurements.
UAE Offshore Companies shall not be measured as doing business in the UAE. These companies prepare and conserve books and records within the UAE, holds meetings of its directors or members within the UAE. They also lease an estate to use as a registered office or preserves real property on any free hold areas, where expats are allowed to own a property, with no visa quota.
However, Free Zone and Offshore companies share some correspondence. They have diverse functions and purposes. The free zone companies are used for managing a business in the UAE while also presenting a physical existence as well. While offshore companies have only office address and registration in the UAE without being permitted to operate business activities directly in the UAE. Moreover, stockholders and personnel of Free Zone companies are eligible to get UAE residency visa(s), but this is not the case with offshore companies. These Offshore companies have its own benefits as well such as suitability to own lands, less startup costs and no prerequisite to rent an office.