A new company must go through the process of incorporation in the UAE to legally do business in the region. Approving the company name, choosing the type of business, filing documents and obtaining a trade license are all steps in the incorporation process. The United Arab Emirates (UAE) allows foreigners to own 100% of a company’s shares and allows full repatriation of profits, among other benefits. This attracts foreign investors to the UAE. Tax savings, ease of doing business, affluent lifestyle, modern business infrastructure, and more encourage investors to create a firm in the UAE.
Investors can register businesses in this area in several ways. Each firm has different requirements, and there are several types of permits and operations. If investors follow the right steps to register a company in the UAE, it will be easiest for them to start their business here.
Mainland, Free Zone and Offshore jurisdictions are the three main types of jurisdictions for company incorporation in the UAE. Numerous packages are available for company formation in Dubai, both mainland and free zone, making it easy to set up a business. The cost of setting up a company in the United Arab Emirates depends on the type of business chosen.
It is now possible to register a mainland company in the UAE as a wholly expatriate-owned business. This is stipulated in the latest cabinet decision. However, the investor must adhere to certain rules that depend on the type of activity and industrial sector.
It is possible to create free zones and offshore companies in which only foreign citizens own shares. However, their individual characteristics, business practices and applicable laws differ. Company registration in the United Arab Emirates (UAE) starts at a minimum amount of AED 8,050 in free zones. The exact amount depends on the availability of conditions and visas.
Starting a company in the UAE is easy with the full support of Inteliumlaw. Their experts can help investors register a company in the UAE according to their business requirements.
Why Should You Establish Your Business in Dubai?
Dubai firm incorporation has various advantages:
A wide range of consumers and workers
Dubai’s enormous and diversified consumer market is a major benefit for companies. Dubai has over three million residents and is a gateway to MENA due to its strategic position. This makes it ideal for companies entering new markets.
The city has a diversified expat community, thus enterprises may serve several demographics. Additionally, you may engage highly qualified workers for your company.
Strategically placed
Strategic location is another benefit of a Dubai corporation. Dubai is perfect for companies seeking trade modules and worldwide growth since it sits in the middle of the Middle East and between Europe, Asia, and Africa.
Peak days saw thousands of people and over 1,000 planes at Dubai International Airport, one of the world’s busiest. Businesses can easily ship products and services abroad.
Tax benefits
In addition to its strategic position, Dubai provides company tax perks. The city has no personal income tax and a competitive corporation tax rate of 9% (effective starting June 2023), which many enterprises are exempt from. This attracts enterprises who seek to cut taxes and boost revenues.
Additionally, the city has various free zones that provide companies with tax breaks and incentives. These zones enable 100% foreign ownership and provide tax savings and customs duty incentives to expatriate investors.
Residency
One of the easiest methods to get UAE residence is via Dubai business establishment. Visa-free travel, UAE bank accounts, and public services are available to UAE residents. Residency in a country with a strong economy and the ability to sponsor family members are further benefits.
Need any help with the business registration in Dubai? Accounting, tax advice, business consultancy and company registration are just a few of the many services Inteliumlaw provides. Their skilled team can give you the edge you need with years of experience working with companies of all sizes and sectors.
