Setting up your own Business requires a lot of time & effort, especially when getting your License & Lease. That is why it is often a good idea to work with a Management Consultants to make it easier & faster specially when your outside the country or do not have time to do it. When you work with Business Without Borders, all you need to provide is some documents and a little information your proposed business plan. Then you can sit back & relax, let Business Without Borders take care of everything (starting from getting your Lease & License, Visa Applications & some other requirements).
There are three types of Company Formation that you can choose from:
1. UAE Local Market (LLC)
Limited Liability Company (LLC) is the most common form business in UAE. A Limited Liability Company can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the businesses capital.
Most companies with foreign partners have opted for the Limited Liability Company, due to the fact that this is the only option that will give maximum legal ownership i.e. 49% to the expatriates for a local business. As it is mandatory to have a UAE national as a partner in the LLC (51% shareholding) prospective investor has the option to choose the one UAE national (sponsor) as a partner in the company.
LLC is flexible and differential profit sharing arrangements also possible. This permits the foreign investor a great edge as 51% legal equity is with local partner.
2. UAE Free Zones (FZC & FZE)
Free Zones (also known as free trade zones) are designed for boosting international business through providing 100% ownership to expatriates and single window administration convenience. In UAE, Free Zones are either attached to ports or industry specific.
Free Zone Incentives:
100% Foreign company ownership
100% Repatriation of capital and profits
100% Corporate, Personal Income Tax exemptions
Exemption from all import and export duties
Abundant and inexpensive energy
Inexpensive workforce and easy recruitment procedures
One-stop-shop Administration services
On-site customers inspection
Companies at Free Zone can operate 24 hours a day
3. Offshore Company
UAE offshore incorporation helps you to run your business or asset ownership in the Middle East in the most profitable manner. Especially because you avoid the cumbersome process of having the off shore incorporation company documents attested by various embassies and Ministries of Foreign Affairs
For your offshore incorporation in UAE, there exist many service providers offering a competitive offshore package. Such packages include services for operating your business, hiring local employees, entering into agreements, renting of office space, selling goods and company services, drafting contracts and offering investments, taxation and banking advice.
As UAE offshore incorporation requires an agent, you will need to choose one in order to register your company. The offshore package offered by any service provider stipulates that the agent representing the service provider would act as a link between the newly formed offshore enterprise and the local government.
World class banking and investment management services available
Data on owners and directors not publicly available and remain confidential
No annual tax return requirements
No international trade tariffs
Freedom from currency exchange control
Reduce operating expenses
Reduce legal liabilities
Protection from inflation
The search for political stability
Higher yields and returns
Foreign investment inducements
Sanctity of contracts
Territorial taxation on foreign income
Access to foreign insurance and reinsurance
Free remittance of profits and capital
Maintain financial privacy