We generally recommend the LLC Company considering the nature of business plan in UAE. It is also commonly known as LLC Company and having separate legal entity. In this LLC, as per norms you need to give 51% shares to local UAE resident Partner. However, you will have full liberty and freedom to do business and day to day banking. UAE partner shall play very limited role in day to day and business policy decision.
We strongly recommend the Free Trade Zone Company considering the nature of business plan in GCC and overseas market. It is also commonly known as FZC Company and having separate legal entity. In this company, as per norms you will have 100% ownership with you and no need to have any local UAE resident Partner. You will have full liberty and freedom to do business and day to day banking. There are several Free Trade Zones in UAE. Zones are developed considering the location, business focus and priority of the nation’s business policy. Few names are – Jabel Ali FTZ, JLT FZC, SAIF Zone, Azman FZC, Hamaria FZC, RAK FZC and many more. Formation, License fees & time frame varies as per zone policy. Hence depends upon the business plan and products, we shall recommend the suitable zone for you to set up.
FZC – formed company with more than 2 shareholders and directors.
FZE – formed company with 1 shareholder and director ( both are same )
Offshore company shall be formed when you are not planning to stay in UAE and do business and investment in any part of world. This is suitable to carry out trading, investment and overseas business. Resident visa is not available to owners.
Formation & time frame varies as per zone policy. Hence depends upon the business plan and products, we shall recommend the suitable zone for you to set up.
49 % ownership allowed in Company by Foreigners and 51% with UAE Local Resident
Zero tax on profit , income, gain and full repatriation allowed
Normally 2 or more resident visas are available to stay in UAE for owners \ employees.
Any individual can incorporate a UAE company.
Company can do wide range of business & investment with less restrictions
Local office \ shop \ manufacturing facility can be developed
Undertake work contract, Infra projects and real estate developments
Have business set up in any part of UAE and no restriction to do business
100 % ownership allowed in Company by Foreigners.
Zero tax on profit, income, gain and full repatriation allowed
Normally 2 resident visas are available to stay in UAE for owners \ employees.
Any individual or corporate body (overseas) may incorporate a UAE company.
Easy to form and run the business, ware housing & manufacturing in UAE.
Minimum One director required to form company and can have more if required
No Local Shareholder & Director required to form and manage the company
No major restrictions on the type of business activities that a company can engage in.
No special approvals are required by foreigner means they are at par with locals.
No Restriction or obligation for local employment of work force.
Minimum paid up capital requirement for a UAE company. The usual authorized share capital is AED 150,000
Company can issue Ordinary shares
Local Registered office required – provided by Free Trade Zone.
Your presence is compulsory to form FZC company and open the bank account
100 % ownership allowed in Company by Foreigners.
Zero tax on profit, income, gain and full repatriation allowed
No need to take resident visas to stay in UAE.
Your presence is not required to form company
No audit required at the time of renewal of company
Any individual or corporate body (overseas) may incorporate a UAE company.
Easy to form and run the business in UAE and any part of the world
Minimum One director required to form company and can have more if required
No Local Shareholder & Director required to form and manage the company
No major restrictions on the type of business activities that a company can engage in.
No special approvals are required by foreigner means they are at par with locals.
No Restriction or obligation for local employment of work force.
Minimum paid up capital requirement for a UAE company. The usual authorized share capital is AED 100,000.
Company can issue Ordinary shares
Local Registered virtual office required – provided by Zone.
To Form the company in UAE, you need to appoint professional firm for assistance and complete the formalities of formation of company. We shall provide the same.
Company need to have registered office in UAE. Free Trade Zone Authority shall provide the registered office address. Post Box No. is allowed to utilize as registered office. In case of LLC company, rented premises shall be used for business and as registered office.
Upon receipt of the signed incorporation and supporting documents from you, we will proceed to incorporate the company.
Foreign company plans to have presence in UAE, have the choice of setting up business unit as branch office, subsidiary, or representative office in UAE.
A UAE Company has all the powers of a natural person. Government shall provide Business Trade License to carry on the business. It is valid for one year and will be renewed on yearly basis. With this license company can do business in trading, manufacturing, consultancy, investment, marketing and laison work, commission agent, sourcing agent and other major business as permissible under law.
In UAE there are generally four type of Business Trade License. License fees are varies according to the type of license.
Depending on your company’s business activities, you may need to obtain one or more business licenses after you have incorporated your company but before you can commence your business operations.
After successful registration of your UAE Company, you can open a corporate bank account in any of the major banks in UAE such as RAK bank, ADCB bank, HSBC, Standard Chartered, Citibank, Emirate NBD Bank etc. Many of the banks in UAE these days require physical presence of the company principals as part of the account opening procedure.
While visit to UAE, you have a wider choice of banks to choose from. In this case, you can explore the features and facilities provided by different banks and decide on the bank that best suits your needs.
While opening the bank account, clients should bring the following documents
In UAE, there is Zero Tax on profit, income, gain and dividend. It is allowed to repatriate full profit.
LLC and Offshore company no need to maintain books and file audited account to any authority at time of renewal of Trade license.
FZC \ FZE needs to do audit of accounts and file the copy of financial to Free Trade Zone Authority every year. However there is zero tax on Income.
Business Trade License renewal is compulsory every year and need to pay government charges for the same. Any delay shall attract penalty and freeze of bank account after grace period. Even delay may have impact on your resident visa.
For More detail please visit website of Free Trade Zone few are as follows.
www.jafza.ae
www.rakftz.ae
www.saif-zone.ae
www.dmcc.ae
www.afz.ae
Copy of passport; and
Copy of residential address proof such as a recent utility bill \ phone bill
Copy of registration documents such as Certificate of Incorporation and Memorandum & Articles of Association of parent company and
Board Resolution for investment with proposed business plan
Presence of shareholder and directors is compulsory for company formation except in case of Offshore company
All documents must be in English or officially translated in English;
All copies of documents must be certified true copies by a notary public or self certifying or you must bring the originals for sighting;
You can email us the scanned copies of documents so we can proceed with preparing the necessary incorporation documents. However we must receive the certified true copies before we can incorporate the company.
Our compliance department may ask for additional information if necessary.
Duly filled Company Formation Request Form
Further the Business Trade License shall be obtained from Government Authority. The said license is valid for one year and renewed thereafter.
Details of directors and shareholders public information in UAE
Directors and shareholders information is not public information in UAE.
Vat & Tax
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