Business Registration Services:
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 two 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:
1. 100% Foreign company ownership
2. 100% Repatriation of capital and profits
3. 100% Corporate, Personal Income Tax exemptions
4. Exemption from all import and export duties
5. Abundant and inexpensive energy
6. Inexpensive workforce and easy recruitment procedures
7. One-stop-shop Administration services
8. On-site customers inspection
9. Companies at Free Zone can operate 24 hours a day