Why UAE

Reasons to invest in UAE

The Middle East nowadays is one among the areas within the world with the fastest and most intense development.
The United Arab Emirates, and especially Dubai, have emerged for several years as a very important industrial hub due to its strategic position between the West and therefore the East.
The United Arab Emirates holds the seventh largest fossil oil world reserve and is one among the foremost developed countries within the Arab Gulf with a high per capital value worth. The country’s economy is predicated on raw materials, with oil and gas representing 40% of the whole exports and 38% of the value.
The United Arab Emirates has the foremost liberal trade regime within the Gulf and over the past forty years it’s become the bottom of the many start-ups and multi-million dollar conglomerates.
Due to the stable financial position offered by the country, companies from all over the world have made the United Arab Emirates their base, and a growing number of offshore and onshore companies are established each year, bringing a huge influx of foreign capital that makes the economy even stronger.
All UAE companies are exempt from taxation, apart from banks and companies active in the field of oil and gas. Therefore, the free of taxes on income, capital gains or inheritance makes the United Arab Emirates a very attractive jurisdiction for investors.
Moreover, establishing your business in Dubai is even more prestigious since the city was chosen as the official headquarters of Expo 2020.

    Company Formation

    Through our solid relationship with our associates we are able to set up UAE company as well as to provide secretarial services for your company. We provide a high quality services across the UAE & Dubai for all companies and individuals looking to set up in this tax efficient region. We help your company to stay compliant with the UAE’s company and corporate governance laws.

    There are 2 categories of business you can set up in Dubai Free Zones, namely:

    FREE ZONE COMPANY (FTZ)

    This is a business that 100% owned by the person who set it up. You don’t require a sponsor or an agent to act as liaison to manage the venture. There is no restriction tying you down.

    A Free Trade Zone (FTZ) is an area of a country where some standard trade barriers such as taxes, tariffs and quotas are eliminated, as well as bureaucratic requirements are lowered with a purpose of attracting new businesses and foreign investments.

    A company registered in the UAE Free Trade Zone is referred to as the Free Zone company. Starting a business entity in one of the UAE’s Free Trade Zones can be a very attractive option for foreign investors but choosing the right Free Zone for your business requires deep knowledge of the market.

    Dubai Free Zone Benefits

    • 100% Ownership
    • A guarantee for 15-50 years against the future imposition of corporation tax is given.
    • Can be formed by only one individual.
    • You can open bank account in Dubai
    • VAT FREE: In gated freezones goods do not need to clear customs and can be processed duty-free and VAT free. If, and once, the goods are provided to the local market they need to clear customs and duty and VAT will be payable
      100% Secrecy maintained.
    • Free of Tax
    • Usually UAE freezone companies are able to benefit from the 80+ double tax treaties the UAE has concluded.
    • Less Renewal Charges.
    • Can be liquidated easy and anytime.
    • You can do international business.
    • No restrictions on hiring expatriates. You can do multiple activities, hold Properties etc.

     

    OFFSHORE COMPANY

    This type of Dubai company registration refers to a business operating outside its boundaries. Example, a business in Cyprus opens up a similar enterprise in UAE.

    Dubai Offshore Company Benefits

    The offshore possibility has basically been set up to cater for companies who need to have a regional “tax relief-invoicing-facility” – There is no minimum capital required and also no need to set up an actual office facility. The off-shore regulations have been issued according to new international standards and companies will have to register minimum one director per company, keep financial records and issue an annual financial report audited by a professional auditing company approved by the free zone. Each company must hold annual general meetings (possible also by proxy) and in short perform and act as a normal company.

    The company regulations have been made out in strict conformity with new anti-money laundering measurements.

    Local companies allowed to deal with

    • Legal consultants, accountants, management companies etc carrying on business within the UAE,
    • Any bank in the UAE for the purpose of conducting its routine operational transactions.
    • If an offshore company wishes to conduct trade or other business in the zone or elsewhere in the UAE, it must obtain the appropriate license to conduct the trade or other business activity from the competent authorities.

    What we can do for the setup & management of your Company

    • Preparing and filing all the documents for the registration of the company.
    • Filing of documents (forms, returns, audited accounts) with the appropriate authorities.
    • Liaising with regulatory authorities on behalf of clients.
    • Witness execution and certify documents as true copies.
    • Setting-up, monitoring and updating of the company’s corporate calendar.
    • Convening, holding and drafting of all minutes of boards of directors and general meetings of shareholders.
    • Provide nominee services and company’s registered office.
    • Keeping and maintenance of statutory registers and minute books.
    • Processing changes in the company’s constitution, e.g. changes of company name, registered offices, business objects, financial year, and registered share capital.
    • Rendering of services regarding the changes of the board of directors.
    • Issuance/cancellation of share certificates.
    • Voluntary liquidations and deletions of companies and branches.

      How to Open Company / Corporate Bank Account in Dubai

      UAE and especially Dubai is one of the leading investor’s friendly business hub in the all of the world. Bank account in Dubai offers the investors and companies very customer friendly and hassle-free services once the applicant meets apt requirements by the bank.

      Corporate bank account in Dubai process is an easy task if you know the due diligence and KYC requirements of the banks.

      Documents Required for corporate Bank Account in Dubai

      • Copy of all company’s Corporate Certificates (Incorporation, directors, shareholders and Registered office.
      • Copy of MOA/AOA and Trade License.
      • Copy of all company’s Corporate Certificates (Incorporation, directors, shareholders and Registered office.
      • Copy of passport with UAE entry stamp page of shareholders.
      • Copy of Emirates ID of shareholders (if the shareholders having UAE residency).
      • Copy of Visa page of shareholders (if the shareholders having UAE residency).
      • List few prospective clients / or existing clients (suppliers/ buyers).
      • Copy of last 6 months bank statement of the shareholders.
      • Copy of utility bill of the shareholders showing the proof of address.
      • Copy of corporate legal documents and bank statements (if the shareholder having company outside UAE).

      We, through our solid relationship with our associates can guide you on due Diligence procedure and KYC requirements, prior to starting the bank account opening in Dubai and it makes easy documentation process to our clients.

        UAE VISA Permanent Residency

        The UAE is an increasingly popular destination for clients looking to establish residency or a trading company. The UAE is an ideal place for HNWI’s and entrepreneurs to obtain residency, being strategically located at the crossroads of the world with a strong economy, and is openly welcoming people looking to work and invest. It has everything an investor could ask for, including some of the best healthcare and education systems in the world. Dubai, in particular, is a haven for investment and a major offshore financial centre for international trade.

        Before you can apply for a UAE residence visa (also referred to as a UAE investor visa) you first need a Free Zone Trade License. Once we have established the Free Trade Zone company for you, we will provide a complete visa processing solution that will supply all the prerequisites you need before you can live and work in the UAE.

        We have over 11 years of experience in facilitating our clients’ residency goals and making the necessary arrangements to help gain residency visas for those who wish to make use of the UAE’s zero corporate and zero personal tax benefits.

        If you are considering residency in the UAE we will:

        • Collect you from your accommodation
        • Take you for medical and finger printing
        • Process the Emirates Identity Card
        • Collect your medical results when ready
        • Return passports complete with the 3 years residence visa
        • Assist in the opening of UAE bank accounts for companies and clients

        Once you have been approved for a visa, UAE law dictates that individuals need to reside in Dubai for one day every 180 days to maintain a tax free residency and to keep your residency visa valid.

        We are at your disposal any time to advice and help you for obtaining a residence visa.

        Accounting – Audit – VAT services

        Our qualified and experienced accounting department can provide you with a complete range of accounting services in the UAE.

        Our services include:

        • Preparation of annual statutory Accounts under International Financial Reporting Standards (IFRS).
        • We provide accounting services for local and international companies.
        • Processing all documents on our accounting software on a quarterly basis.
        • Reconciliation of bank balances, debtors and creditors.
        • VAT registration and filings
        • Preparation and submission of the VAT return
        • Arrangement for the payment to the VAT authorities’ office the VAT payable amount if any.
        • Preparation of books for auditing. Coordinating with auditors the preparation of statutory accounts. We can assist you with matching you an audit company based on your requirement and budget.
        • We also provide you with monthly report of company’s financial status in case this will be needed and provided that all the documentation will be provided.
        • Preparation of Sales and purchase invoices, debt collection and follow up payments as per client’s request.
        • Payroll Services.
        • Providing tax information and consulting.
        • Preparing and maintaining documentation for transfer pricing purposes.
        • Application for tax residence certificates in order to benefit from the provisions of double tax treaties the UAE has concluded.

        Ready to get started with your UAE Investment?

        Drop us a line and leave the rest to us!

        Get Started