Why to Form Company in UAE

 

No corporate taxes on the gained profits for legal entities;

No capital gain taxes;

No income tax for business owners and companies' employees;

Simplified financial reporting system;

Protection of the interests of the foreign business owners.

 

 

Dubai provides favorable business opportunities of Company formation for various types of business structures in their respective fields. Therefore, it is profitable to setup any type of company in Dubai as the government warmly welcomes entrepreneurs from all parts of world for this purpose.

 

Starting a business in Dubai need a clear understanding on choosing the suitable business structure so you need to understand that what’s the best business structure as it could be Dubai mainland Company, Free Zone Company or Offshore Company.

 

Followed by that you need to choose the right type of Company  license and type of business activities you wish to proceed with.

 

With CROSSHARBOUR, Company Formation in Dubai has ever been so smooth and speedy with over a decade of  experience in the related field.

 

Our professional business consultants are well aware of rules, regulations and procedures for setting up businesses in UAE particularly in Dubai.

 

Types of Company Set ups in Dubai

 

There are 3 different types of jurisdictions available for company formation in UAE. All these jurisdictions have their own rules and they prove beneficial for different types of businesses.

 

​(a) Mainland Company

 

A Dubai’s mainland company can also be named as an onshore company which is licensed by the Department of Economic Development (DED) in Dubai.

 

Mainland Company is allowed to conduct business in the local market as well as outside UAE without any restriction. It requires to have a local sponsor in the form of a partner or agent.

 

 (b) Free Zone Company

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Free zones in Dubai or in UAE are designed to conduct the international businesses or businesses within the free zones.

 

Free Zone Company Formation is highly favorable among the individual and corporate investors because of incentives like:

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• 100% foreign ownership

• Customs privileges

• Exemption from income tax and some other tax benefits for designated zones

• Cost Effective and affordable

• Well established transport network and road connectivity.​

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(c) Offshore Company

 

It is the most cost effective option as it is cheaper to set up an offshore company than a Free zone or Mainland company. Most of the businesses prefer to set up an offshore company, also known as non-resident company, in Dubai or in Ras Al Khaimah however this is the best option to conduct the international business only and you cannot do business in UAE under offshore company type.

 

People also prefer to setup an offshore company as a holding company so that they can hold:

 

• The shares of other companies in other jurisdictions as holding company, Intellectual property rights like patent, trademark, copyright etc.

 

• Licensing of franchises 

 

• To hold and manage the real estate under the offshore company

 

Pro Services

 

PRO services and the documents clearing services include the following:

 

• Registration and renewal of trade license

• Processing of all kinds of visas and its renewal

• Documents attestation and legalization

• Chamber of commerce/ foreign affairs attestation

• Power of Attorneys (POA) / Wills Formation and Attestations

• Processing of employee labor and immigration cards

• Dealing with Dubai Economy, Labour Department, Immigration, Dubai Muncipality, Dubai Courts and other Government Departments to perform all required tasks for companies.

• Managing office facilities 

• Local sponsorship services