UAE COMPANY FORMATION

Register a company in UAE – the business centre of the world. 

UAE provides business opportunities like no other place in the world. It is the current hub of international business with great networking & business environment opportunities, as well as a chance to apply for Dubai Freelance Visa.

UAE not only has great business infrastructure and the opportunity to develop innovative business ideas, but also has 0% tax rate in the free zones which will enable businesses at their early stages to save their funds, at the same time establishing the presence on the market.

UAE corporate income tax is determined on a geographical basis by the separate Tax Decrees published by each Emirate’s administration (of which there are seven that make up the United Arab Emirates). Some Emirates have also passed separate Banking Tax Decrees that apply CIT on international bank branches operating in their respective Emirates.

EU LAW FIRM offers company formation in Dubai and Ras Al Khaimah both on the mainland and also free zones. We take care of all document formation to setup your company in UAE ready for business.

UAE Background:

The United Arab Emirates is a country in Western Asia, located at the eastern end of the Arabian Peninsula. UAE borders Oman and Saudi Arabia, having maritime borders in the Persian Gulf with Qatar and Iran.

The UAE is famous for its impressive economic and infrastructural development, stable monetary policy, flexible company formation possibilities, great banking solutions and strong business environment. The UAE also has the sixth and seventh largest in the world oil and natural gas reserves, making it one of the most economically diverse and stable countries for business.

A company in the UAE is a gateway for successful business in the MENA markets and beyond.

Company in UAE is great for all kinds of businesses – investment, real estate, oil and gas industry, import/export, financial services & banking. The UAE is also famous for stable maritime environment, making it one of the best places for shipping company establishment.

The UAE is friendly towards cryptocurrency businesses, and as a part of 2021 – 2022 business agenda in the UAE is to develop a comprehensive crypto governance framework. 

Capital city: Abu Dhabi

Population: 9,890,402

Local currency: The United Arab Emirates dirham (AED)

Official language: Arabic

Business language: English and Arabic

 

DUBAI LIMITED LIABILITY COMPANY
FROM EUR 5000
All documents and state fees are included
ORDER NOW

Description of Dubai Limited Liability Company:

  • Liability limited only to shares;
  • Unlimited business activities;
  • No capital requirements to incorporate;
  • High privacy and confidentiality;
  • There is no need to be in the country during or after the process of company formation;
  • Foreign ownership is permitted;
  • There are no limits on where the corporation can rent or acquire office space.

Why choose a limited liability company in Dubai?

The most frequent type of business in the UAE is the limited liability company (LLC). A Limited Liability Company (LLC) is made up of a minimum of two and a maximum of fifty shareholders, each of whom is only liable for their part of the company’s capital.

The considerable quantity of freedom that an LLC offers makes it one of the most popular company structures in UAE. LLC in Dubai can do business anywhere in the UAE and the Gulf Cooperation Council (GCC).

Except for insurance, banking, and investing, an LLC can engage in any form of economic activity in UAE.

There are no limits to the number of visas that can be obtained. Investors in an LLC company can apply for an investor’s visa, which grants them and their family investment status in the Emirate.

On imported products, an LLC is free from paying the regular 5% customs charge. Furthermore, there even are no limits on real estate ownership.

Tax in Dubai

Enterprises formed in Dubai must pay taxes on their earnings, however not all companies are required to do so. Only banks and oil firms are subject to corporate taxes in Dubai. Other sorts of businesses in Dubai are exempt from paying corporate tax.

For specific products and services 5% VAT is applied. Aside from that, the UAE has already implemented an excise tax on non-essential products.

There is no tax on profits earned from international or domestic investments, hence there is no withholding tax. In the case of branches formed in Dubai, they can rely on various UAE’s double taxation treaties as well as the advantages in dividend taxes for international firms when incentives are available.*

*The information mentioned here is only a general overview of tax rules in Dubai for companies. Depending on the company and other aspects, such as whether the company is established in mainland or free zone tax rates may vary. To assess your taxes contact EU LAW FIRM lawyers in UAE.

Licences needed for company registration in UAE

To operate a business in UAE, you may need to obtain licence in particular cases. Below you can find a list of businesses, where licence would be needed to setup a company in Dubai.

  1. Tourism-related activities;
  2. Activities related to healthcare;
  3. Consulting in architecture and engineering;
  4. Activities such as shipping, freight forwarding, and logistics;
  5. Dubai World Communities’ Businesses (Trakhees);
  6. Educational services;

Please note that the list may vary, to determine whether your business needs a licence please contact EU LAW FIRM lawyers in Dubai.

Licencing is not included in the initial price of company formation in UAE.

RAS AL KHAIMAH LIMITED LIABILITY COMPANY (FREE ZONE)
FROM EUR 6500
All documents, legal address and state fees are included
ORDER NOW

Description of Rah Al Khaimah Limited Liability Company:

  • Liability limited only to shares;
  • Share capital for incorporation is 1000 EUR;
  • High privacy and confidentiality;
  • 100% capital and profit repatriation;
  • Easy access to market of MENA region;
  • Stable governmental and banking policies;
  • Tax free;
  • Fast track visas;
  • There is no need to be in the country during or after the process of company formation;
  • Shares can be issued in any currency.

Why register company in Ras Al Khaimah (Free Zone)?

Ras Al Khaimah (RAK) is one of the UAE’s fastest growing emirates, within an hour drive from Dubai. The RAK has a reputation for being tax-free, transparent, without additional administrative complexity and financially competitive Emirate.

Ras Al Khaimah Free Zone is quite a popular destination for businesses worldwide. Free Zone of Ras Al Khaimah has seen sustained expansion, contributing considerably to the UAE economy through manufacturing, commerce, inbound foreign investments, financial flows, and technological exchanges. It is one of the most cost-effective Free Zones to operate, allowing investors to increase their profit margins.

Setting up a UAE company in Ras Al Khaimah Free Zone offers a very straightforward and fast procedure of registration, and a license needed for business may normally be secured in less than 7 days.

A company in Ras Al Khaimah also offers a possibility of getting UAE visas, special incentives regarding real estate purchase in UAE, great office spaces and much more.

Tax system in Ras Al Khaimah

The emirate of Ras Al Khaimah is a tax-free zone. There are no direct corporate income taxes, sales taxes, or wealth taxes. The handling of oil and gas exploration businesses and overseas bank branches is the sole exception to this zero-tax policy.

HOW THE ORDER SYSTEM WORKS?

1. Choose the most suitable company type and make online order

 

Choose the most suitable company formation package from STORE EU LAW FIRM, and place an online order with the available payment methods. After successful order you will receive an email confirmation with your order details.

2. Collection of documents and KYC verification

 

After successful order and receipt of payment, our customer support will get in touch with you to acquire the required documentation for company formation in UAE.

3. Company formation UAE

 

The company formation in UAE takes between 7-14 business days after all required documents have been received. After company has been incorporated, physical company formation documents with apostilles will be sent to your mailing address.

DOCUMENTS REQUIRED FOR COMPANY FORMATION IN UAE*

For individuals:

  • Passport copy of all shareholders;
  • Passport copy of all directors;
  • Copy of a recent utility bill not older than three (3) months.

If shareholder is a legal person:

  • Copy of Certificate of Incorporation or other similar document; evidencing the entity’s existence; 
  • Copy of the Register of Directors;
  • Copy of the Register of Shareholders;
  • Copy of valid passport of the Directors;
  • Copy of a recent utility bill issued no more than three (3) months ago of the Directors;
  • Copy of valid passport of the Shareholders holding 25% or more shares;
  • Copy of a recent utility bill issued no more than three (3) months ago of the Shareholders holding 25% or more shares.

*Please note that document list may vary depending on company type and Emirate.

DOCUMENTS REQUIRED FOR COMPANY BANK ACCOUNT IN UAE

  • Passport copy of all directors, shareholders and authorised signatories.
  • Business plan.
  • Board Resolution authorizing a Company Officer to create the account.
  • Company Trade Licence.
  • Certificate of Registration.
  • Share Certificate(s).
  • Company Memorandum & Articles of Association.

Banks may request additional documentation from case to case. All parent company paperwork must be notarized and attested in the country of origin and again in the UAE for companies with corporate shareholders based outside the UAE.

Need more help to set up a business in UAE?

Just get in touch with us to get more information about company formation in UAE. We typically respond in 2 hours.