Company Formation in Dubai, UAE
The UAE is internationally recognized for its financial appeal, boasting a diverse economy, exceptional infrastructure, efficient transportation systems, and a distinctive low tax structure. However, venturing into business involves inherent risks, emphasizing the need for professional guidance, especially in the realm of company formation in the UAE.
Our corporate team in Dubai is dedicated to supporting businesses throughout their growth journey, specializing in a range of services, including company formation in the UAE. Our experts excel in pivotal areas such as accounting, corporate services, and market expansion counselling. This comprehensive support empowers both individuals and corporations to concentrate on growth, secure in the knowledge that their business and personal requirements, including company formation in the UAE, are expertly addressed.
In the dynamic landscape of the UAE, our team stands as a trustworthy partner, guiding businesses through the intricacies of company formation and providing expertise in essential services. Clients can navigate the path to growth with assurance, knowing they have a dedicated team meeting their unique needs, particularly in the crucial realm of company formation in the UAE.
Not sure which kind of company to pick for your business?
We at Virtue will work with you to discover tailor-made solutions based on your needs.
FREE ZONE COMPANY
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.
Mainland Company
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.
Offshore Company
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.
Are you planning to expand your business in one of the world’s top-performing economies?Virtue provides professional assistance on company formation in Dubai. This part of Central Asia continues to be a strategic hub for accessing the Gulf market, making it an ideal destination to establish a business venture.
Benefits of company formation in Dubai
Company formation in Dubai UAE can expand your business in several key ways:
100% foreign ownership
Amendments made to the Commercial Companies Law of the UAE in 2021 now allow foreign investors to own 100% of their businesses, significantly easing the process of doing business in Dubai.
Business-friendly environment
The government is keeping up with the fast-changing technologies to simplify Dubai UAE company formation. Today, digital platforms are simplifying and speeding up offshore company formation in Dubai or Freezone company setup in the UAE. The steps are easier to follow and involve less paperwork.
Over 40 Free Zones
Investors can set up a company in Dubai in any one of over 40 Free Zones. A business in a Free Zone allows 100% ownership of the company and 100% repatriation of capital and profits. Access to these zones also provides opportunities to collaborate with other companies in their industry.
Tax benefits
A company setup in Dubai offers substantial tax advantages. There is no personal income tax for residents or non-residents, and most businesses are exempt from corporate income tax. However, there are a few exceptions, such as oil and gas companies, some banks, and certain businesses operating within specific free zones. It’s important to consult with a business setup consultant in Dubai to understand the specific tax implications for your business type and chosen location.
Well-developed infrastructure
Dubai boasts some of the world’s best telecommunications, transportation hubs, public transport, and terminals. It invests heavily in expanding its infrastructure, including smart city solutions for efficient traffic management and energy use.
Strategic geographic location
Dubai’s strategic location on the crossroads linking the north, south, east, and west makes it a favourable hub for export activities. Company formation in Dubai lets you take advantage of bustling seaports and airports to connect with billions of consumers and businesses in the surrounding areas.
What business structures are eligible for company registration in Dubai?
When you set up a company in Dubai, you must choose a business structure relevant to your operations and activities. Here are some of the options you can consider:
Limited Liability Company (LLC)
This business structure limits the owner’s financial liability to their share capital (the amount they invested in the company). This protects personal assets if the company encounters financial difficulties. Note that a local sponsor is required to establish an LLC in Dubai. This sponsor can be either a UAE national citizen or a company entirely owned by UAE nationals. The sponsor will hold a majority share in the company (typically 51%) but typically has minimal involvement in the day-to-day operations of the business.
Branch Office
A branch office serves as an extension of its parent company and is not a separate legal entity. Any foreign or local company can establish a branch office in most Free Zones and on the Mainland.
Joint Stock Company
In a joint stock company, the capital is divided into negotiable and equal shares. Partners are liable only to the extent of their contributions to the company’s share capital. Your business can also be a Dual License Branch Office or Trade Representative Office. If you are unsure which right business structure to choose, contact us for assistance in company formation in Dubai.
Procedure for company formation in Dubai UAE
- Decide on the company’s legal structure.
- Pick and reserve the company’s trade name.
- Acquire a business license.
- Decide the company’s location or jurisdiction in Dubai.
- Get office space.
- Acquire the appropriate business license from relevant authorities.
- Open a corporate bank account.
The actual process may involve additional steps, depending on your company’s specific circumstances. Our business setup experts can guide you throughout. Contact us for a free consultatio1
Are you planning to expand your business in one of the world’s top-performing economies?Virtue provides professional assistance on company formation in Dubai. This part of Central Asia continues to be a strategic hub for accessing the Gulf market, making it an ideal destination to establish a business venture.
Benefits of company formation in Dubai
Company formation in Dubai UAE can expand your business in several key ways:
100% foreign ownership
Amendments made to the Commercial Companies Law of the UAE in 2021 now allow foreign investors to own 100% of their businesses, significantly easing the process of doing business in Dubai.
Business-friendly environment
The government is keeping up with the fast-changing technologies to simplify Dubai UAE company formation. Today, digital platforms are simplifying and speeding up offshore company formation in Dubai or Freezone company setup in the UAE. The steps are easier to follow and involve less paperwork.
Over 40 Free Zones
Investors can set up a company in Dubai in any one of over 40 Free Zones. A business in a Free Zone allows 100% ownership of the company and 100% repatriation of capital and profits. Access to these zones also provides opportunities to collaborate with other companies in their industry.
Tax benefits
A company setup in Dubai offers substantial tax advantages. There is no personal income tax for residents or non-residents, and most businesses are exempt from corporate income tax. However, there are a few exceptions, such as oil and gas companies, some banks, and certain businesses operating within specific free zones. It’s important to consult with a business setup consultant in Dubai to understand the specific tax implications for your business type and chosen location.
Well-developed infrastructure
Dubai boasts some of the world’s best telecommunications, transportation hubs, public transport, and terminals. It invests heavily in expanding its infrastructure, including smart city solutions for efficient traffic management and energy use.
Strategic geographic location
Dubai’s strategic location on the crossroads linking the north, south, east, and west makes it a favourable hub for export activities. Company formation in Dubai lets you take advantage of bustling seaports and airports to connect with billions of consumers and businesses in the surrounding areas.
What business structures are eligible for company registration in Dubai?
When you set up a company in Dubai, you must choose a business structure relevant to your operations and activities. Here are some of the options you can consider:
Limited Liability Company (LLC)
This business structure limits the owner’s financial liability to their share capital (the amount they invested in the company). This protects personal assets if the company encounters financial difficulties. Note that a local sponsor is required to establish an LLC in Dubai. This sponsor can be either a UAE national citizen or a company entirely owned by UAE nationals. The sponsor will hold a majority share in the company (typically 51%) but typically has minimal involvement in the day-to-day operations of the business.
Branch Office
A branch office serves as an extension of its parent company and is not a separate legal entity. Any foreign or local company can establish a branch office in most Free Zones and on the Mainland.
Joint Stock Company
In a joint stock company, the capital is divided into negotiable and equal shares. Partners are liable only to the extent of their contributions to the company’s share capital. Your business can also be a Dual License Branch Office or Trade Representative Office. If you are unsure which right business structure to choose, contact us for assistance in company formation in Dubai.
Procedure for company formation in Dubai UAE
- Decide on the company’s legal structure.
- Pick and reserve the company’s trade name.
- Acquire a business license.
- Decide the company’s location or jurisdiction in Dubai.
- Get office space.
- Acquire the appropriate business license from relevant authorities.
- Open a corporate bank account.
The actual process may involve additional steps, depending on your company’s specific circumstances. Our business setup experts can guide you throughout. Contact us for a free consultatio1
