For those who are interested to do business and setting up company in Dubai or UAE, you can actually set up a free zone or offshore company by contacting an authorized agent operating in the region. Authorized agent is going to be accountable for submitting all the necessary incorporation documents to the registrar. Thus, an applicant doesn’t required to be physically showing their face for the incorporation.
Register Offshore Company in UAE
If you are register for an offshore company in UAE, you will expect your company will be set up in just 24 hours; and if you are register for a free zone company, the set up time that required will be 2 to 3 weeks. The prepartion and delivery of your residence visa in the UAE will take about 2 to 3 weeks to process, and this is only applicable in combination of the set up of a free zone company in UAE.
As soon as you have your company setting up, you will be able to enjoy the business advantages that being offered by UAE. The UAE government is encouraging for foreign investment and for the potential investor, the UAE provides a tremendously advantageous business environment for them to conduct their business in the area. There are plenty of superb infrastructural facilities in conjunction with customized services and professional skills make the investors to enjoy a lot of business advantages in UAE. Any needs and request by customer tend to get fulfill in a very reasonable period of time.
Once a business is setting up in Dubai or UAE, the investor will be able to benefiting from these facilities and amenities.
Regulatory Benefits For Setting Up Company in UAE
- No quotas or trade barriers
- Simple import and export policies
- 100 percent business ownership in Free Zones
- Hassle free licensing procedures
- No restrictions on recruiting expatriates
- Liberal labor laws
Fiscal Benefits For Setting Up Company in UAE
- No control over foreign exchange
- 100 percent corporate tax and income exemptions
- Low Inflation
- 100 percent profit and capital repatriation
- Easy fund sourcing from International Banks and Financial Institutions
- Fully convertible and strong appreciating currency
Non-Resident Companies
Offshore Companies are companies that are incorporated away from legislation of the company’s principal operations. These sorts of companies in many cases are called non-resident companies, like UAE Shipping Holding and UAE Maritime Company, Property Holding or UAE Investment, UAE Consulting Service Company or International Trading. Offshore Companies tend to be quite flexible corporate institution regularly used for the purpose of global tax planning, and could be incorporated into a multitude of business arrangements. Asset protection, tax optimization and in complete confidence are simply some of the advantages that are attainable by an appropriate application of an offshore company. The tax-free business environment that offered by UAE, added with protected economic circumstances and also the Double Taxation Avoidance Agreements signed with 47 countries is unquestionably one of the best offshore areas for conducting business.
Free Zone Companies are companies that can be either an existing company, a new set up company, or a branch. These types of companies could be owned and operated 100 percent by international investor without any participation of local sponsor or partner. Generally the companies situated beyond the borders of allocated Free Zone area are required to own for at least 51 percent by a local UAE resident. When it comes to Ras Al Khaimah, you will find RAK Government will act as the local partner for international companies through their RAK Investment Authoritiy. This co-operation delivers the sound and safest combination for the setting up of an international company in the UAE.
For free zone companies, there are a lot of incentives that investors can get benefit from such as 50 years of corporate tax exemption, renewable concession, 100 percent foreign ownership, free of personal income tax, total freedom to repatriate income and capital, liberal currency policy, no bureaucratic red-tape, and no tax from import duties.
A Professional Registered Agent is key to protecting your most valuable asset, your corporation. A reputable agent should have fast service, and knowledgeable customer service reps. Make sure they provide value and tools to help keep your company in compliance as well. I know National Registered Agents, Inc also provides services for companies world wide.