Stress-Free Company Registration in the UAE
Foreigners who want to register a company in UAE can benefit from the assistance of professionals knowledgeable about the intricacies of laws. At ExecDubai, we know how to streamline the registration of the business and help our clients to set a foothold in the new markets. Our extensive expertise helps us prepare and submit documents in time and avoid typical mistakes that may cause delays in obtaining required licenses.
Why Register a Company in UAE?
Steps to Register a Company in UAE with ExecDubai
Determining business needs
Our experts will analyze your key goals and develop a result-yielding strategy to help you achieve your objectives and build a sustainable business.
Company registration
We prepare documents following the official recommendations and file an application. Our team will take the necessary steps to help you launch your business operations and start selling your products in the new markets.
Cash flow structuring
We will assist you with cash flow optimization and ensure your activities are conducted in accordance with current regulations and meet modern standards. We will help you streamline cross-border financial transactions and communicate with banks based in Dubai.
Employment and getting a residence permit
Our specialists will help you obtain residence permits for your foreign employees. We will prepare the documentation necessary to legalize their status and assist you throughout the process.
Obtaining additional licenses and permits
Our team will consider what licenses you need to operate in the country and get the ones that will allow you to function legally. We will help you get any type of permit you may need, including licenses for restaurants, retail businesses, and real estate agencies.
Accounting and legal support
Our team includes experienced lawyers and accountants who are knowledgeable about bookkeeping, tax filing, and financial reporting. Their professional assistance will help you stay compliant with the legal requirements.
Benefits of Company Registration in UAE
The government seeks to attract foreign capital and takes noticeable steps to motivate investors to open businesses. The economy is currently booming, which explains why many investors consider the state the most attractive market in the Middle East. Many people decide to register a company in UAE, knowing that the region has several notable upsides:
Many ventures opt for registration of the business in the UAE, knowing that the authorities do not control currency operations and allow one to repatriate profits without any obstacles. Furthermore, investors can be sure that their information will be securely protected. It inspires confidence in local authorities and empowers proprietors to expand their presence in the local markets.
Main Requirements for Company Registration in UAE
Investors should follow clear rules to establish a business presence in local markets. We specialize in company registration in UAE and can guide you throughout the procedure and represent your firm when communicating with the officials. Follow these guidelines to get the right to operate legally:
Besides, every enterprise must send its accurately filled financial statements to the authorities every year and conduct shareholder meetings offline or online. The requirements depend on specific emirates and territories. The procedure of freezone company formation in Dubai may have unique rules that one must follow to ensure the success of an application. Discussing all the details with our professionals is the best way to avoid non-compliance fines and register without any issues.
Types of Companies You Can Open in the UAE
Each emirate has its specific regulations and laws. One should carefully weigh the upsides of founding a business under the jurisdiction of local authorities. When one decides to register a company in UAE, they typically have several options and make the final choice depending on their structure and the primary area of their operation.
Local (Mainland) Firm
If one needs to establish an entity outside the FEZ, they may be interested in the registration of the business as a sole proprietor. They may also create an LLC. The latter should have at least two shareholders and one founder. In some industries, a UAE citizen should hold 51% of the shares of an LLC. Mainland companies enjoy favorable conditions. One does not have to possess the obligatory minimum amount of authorized capital. Besides, one can easily register a company in UAE without worrying that their request will be declined, or they will have to spend a lot of time to legalize their presence.
Mainland businesses have several notable benefits:
Besides, branches of FEZ companies that operate in mainland territories also fall into this category. They must be registered with the authorities.
Free Zone Company (FZC)
If one wants to register a company in UAE without engaging local investors, they can consider founding it in a FEZ. Such ventures can be fully foreign-owned and are allowed to sell their products on the mainland. FEZ offers favorable conditions for global investors. Each of them was established to streamline a certain legal entity type.
Offshore Firm
The owners of international commercial businesses often register offshore firms in the specified Free Economic Zones to function legally in the UAE and increase their profits by accessing a new market. The offshore company formation in UAE is possible only in certain areas like JAFZA, RAKIA, or AFZ. These entities are typically founded by 100% foreign investors.
FAQ
The UAE has optimized its regulations and introduced government support programs. The country has a stable economy and a diverse workforce skilled in modern technologies. Its special economic zones attract investors from all over the world.
Individuals can benefit from zero tax rates and repatriate their capital whenever they want. Entrepreneurs have the right to work with any entity. Besides, from 2021, it’s possible to register a company in UAE without a nominal local partner in many areas. Such ventures are often created as individual private enterprises. Their owners do not have to pay corporate taxes but must fulfill their financial obligations as sole proprietors and operate within their professional license.
One should purchase real estate worth at least AED 2 million or make other comparable investments in the country’s economy to become eligible.
The country offers exemptions for small firms and ventures registered in Free Economic Zones (FEZ). Besides, it adjusted its tax policies to make them correspond to international standards.
It depends on the type of entity and the territory. When it comes to mainland ventures, Dubai company formation costs between AED 15,000 and AED 25,000 if one wants to set up an LLC. Such enterprises may be challenging to create without any experience. At ExecDubai, we offer consulting services to help our clients navigate the intricacies of the process and open a firm without delays. For offshore firms, Dubai company formation costs may range from AED 8,630 to more than AED 22,800. Other areas also have their specific prices. Companies are registered by state bodies with the relevant authority. After an offshore business setup, an entity obtains a legal status. In most industries, an enterprise can be fully foreign-owned. An offshore status gives it exemption from most taxes and customs duties.
Those who are interested in the IT market should focus on company formation in UAE, as this Free Zone was created with such investors in mind. After registering a venture in a specific FEZ, one gets exempted from tax rates and fees. We provide company formation services to those who want to prepare a package of documents and conduct activities legally.
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