Company Formation in the UAE

Business Set Up Consultants In Dubai

Free Zones are commercial locations that offer preferential tax and customs rates for trade. Free Zones were first established to promote foreign trade in the area by providing advantages like 100% foreign ownership.

Businesses from the mainland are free to do transactions both domestically and abroad. Around 1000 commercial and industrial activities can now obtain a Dubai mainland licence without a local sponsor.

Business Setup In Uae
Offshore Company Formation - Virtue Corp

Offshore businesses are allowed to open bank accounts in the UAE, but they are not allowed to provide work visas or establish physical offices there. Offshore licences are frequently used as holding corporations and are primarily formed for operations in foreign countries with financial, legal, and tax advantages.

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    It is crucial to comprehend the distinction between obtaining a license with a visa quota and acquiring residency in the UAE. A license with a visa quota solely covers the expenses related to a business license and visa quota, with the possibility of including a Flexi office lease in certain Freezones. However, possessing a visa quota does not automatically grant you UAE residency; additional steps must be completed. If you wish to apply for a partner/investor visa, there are supplementary costs involved. These include obtaining an immigration card, registering for E-channel (NE Only), and paying fees for visa, visa processing, medical examination and Emirates ID typing. To effectively plan your business expenses, it is imperative to ask the right questions from the beginning to avoid surprises and hidden costs.