Business in the UAE

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Business in the UAE

Open a company in the UAE in 7 days and pay up to 4 times less taxes due to local benefits!

Steps of the procedure:

Contract

Our experts advise you and help you choose the best option for starting a business in the UAE. A contract is concluded.

Providing information

You provide us with the information necessary to open a business in the UAE successfully.

Company registration

We prepare all the documents, execute the procedure legally and open a company in the UAE.

Opening an account

Opening a bank account for your business.

Why is it profitable to open a business in the UAE?

Economic and political stability

The UAE is a relatively young state. Its rapid growth and development are due to the competent policy pursued by the government of the country. High economic well–being was achieved by means of oil revenues and skillful investment in the development of the most promising areas which are industry and tourism. By now, the UAE is a prosperous country with a constant flow of investments from outside and a stable economic system within the state.

Developed infrastructure

The country is located between Europe and the East. This creates excellent conditions for infrastructure development and the UAE is actively using this. The country has the world's largest airports and seaports, providing high passenger and cargo traffic. This is very beneficial for large companies that trade goods as the UAE has fast access to Europe and the East.

Foreign investment protection system

Entrepreneurs from all over the world are attracted by the almost complete absence of taxes in the UAE. Also, an undoubted advantage is the avoidance of double taxation. The Government of the Emirates has already signed more than 100 such agreements with different countries. It is enough to get a tax certificate and start using this advantage for your own purposes. Moreover, on the territory of the UAE there are so–called free economic zones - areas with preferential tax and customs systems.

Residence permit for foreigners

Those who invest into business in the Emirates can obtain a residence permit in this country and have the rights of a resident.

Simplified business registration system

This was done in order to attract foreign capital and facilitate the work of entrepreneurs from other countries. However, when approaching the registration procedure, you need to look at the scope of the planned business. Depending on the industry, the process may vary.

Why is it profitable to cooperate with us?

Privacy

Payment in any convenient way

Guarantee of the result
under the contract

It’ll cost 2-3 times less to start a business

Hidden dangers when registering a company

Receiving investments

it is possible to attract investments at the stage of company creation

Mandatory licensing

some types of business in the UAE are subject to licensing and you can make a mistake

Errors in the payment of the authorized capital

it is possible to make mistakes when paying the authorized capital

What should a client do to get started?

50% prepayment

A contract

How much does it cost to open a company in the UAE?

Possible options for registering a business in the UAE

Registration of a company in the UAE with obtaining a license

$3000

Obtaining a resident visa

$1300

Opening a bank account

$3000

Our business creation team in the UAE

David Mpofu

Head of the Center for the Development of International Projects

Saeed Al Nuaimi

Chief Lawyer of Strategic and International Project Support Department

Lisa Jacquelin

International Investment Expert

Ramesh Kaur

Coordinator of international projects

Ureskul Sergey

Head of United Emirates Consulting Group
Practicing Corporate Lawyer
President of the National Association of Corporate Lawyers
Seminars with his participation were held in more than 20 countries
More than 10,000 corporate lawyers attended his online and offline events

5 mistakes when starting a business in the UAE, which cannot be corrected

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F.A.Q

The result of rendering the service

A ready-made company in the UAE with an open bank account that allows you to operate on preferential terms

Who is this service suitable for?

For any business that would like to enter the international level, get the protection of fair courts and reduce the tax burden

Actions of the founder when intending to open a company in the UAE

Procedure for opening a bank account

Features related to obtaining a resident visa

Taxation in the UAE

Office, Director, employees

Other conditions

Our contacts and address

Address: Burj Khalifa, Dubai, United Arab Emirates

Email: businessuae77@gmail.com

Address

Burj Khalifa, Dubai, United Arab Emirates

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Actions of the founder when intending to open a company in the UAE

What do you need to decide before you start registering a company in the UAE?

You need to decide on the type of the future company and the type of activity. Define a clear ownership structure, the number of shareholders. Determine the need for employees. Determine whether the employees will actually be in the UAE (it depends on how many visas you need to get and how many work permits you will need to issue). Decide who will be the director of the company.

What types of companies are there?

1. Offshore companies
The simplest companies in their structure and creation. They do not have a complex classification and they are 100% available for foreign ownership. They can only do business outside the UAE.
2. Companies registered in the Free zone
These companies are not only divided by belonging to their Free zone, but also by type of licensing and they are 100% available for foreign ownership
3. Local companies
They are divided according to the principle of belonging to one or another emirate and by the form of ownership. Not all of them are available for foreigners to some extent. The most common types of registration are LLC companies – from 49% foreign ownership and professional ‐ from 100% foreign ownership/

Who can be the founder of the company?

The founder of the company can be both individuals over the age of 18 (in some Free Zone from 25 years) and legal entities.

What do you need to become a founder of a company?

For you, it is necessary to pass an inspection in state bodies. The cost of this check is USD $ 250
If a citizen of any country has been in the UAE for the last 3 months, payment is not required during this check.

Do I need a power of attorney for the founder when registering a company?

Yes, a power of attorney is issued for each founder (the registration period is approximately 3-5 days).

What is the company registration period?

The company registration procedure (approximately 7 working days).
Verification of documents, including for the presence of a free name of the future company (approximately 2 working days).
Registration of the company takes place after verification and in compliance with all requirements (approximately 5 working days).

What confirms the fact of an officially registered company?

As a result of the company's registration, documents that allow commercial activities are issued:
Certificate of registration, license, company charter, certificate of shares.
In case of opening a branch of the company, the charter of the company is not issued.

What types of licenses are there?

The type of license directly depends on the chosen type of activity of the company. Each type of activity has its own license. There are three main types of licenses in the UAE:
1. Industrial license allows you to produce goods;
2. Commercial license permits to engage in trading activities, both in the UAE itself and abroad, it is issued either for the sale of a specific group of goods, or for general trade.
3. Professional license is issued to those companies who want to open a company in the UAE that will provide legal, consulting, educational and other services.
One license is issued for one type of activity.
The license must be renewed every year. If you plan to open an industrial, financial, healthcare or educational company, then in addition to the license, you will need to obtain a documentary permit from the relevant Ministry of the UAE.

What is the next step after registering a company and issuing a power of attorney?

It is necessary to fly to the UAE for approximately 2-3 weeks, pass medical tests for HIV, AIDS, hepatitis, tuberculosis, etc. After that, the visa will be pasted into the passport.

Procedure for opening a bank account

How do I open a bank account?

The procedure for opening a bank account is approximately 1 month, each founder needs to hold a personal meeting with a banker (approximately 1-3 days).

Do I need additional expenses related to the bank account?

It is necessary to make a deposit of $55,000 (202,150 dirhams) to the bank account as an irreducible balance on the account that is at the disposal of the company. At the end of the month, you need to top up your bank account to the specified amount. Before opening a deposit, the participant must confirm that the specified amount is available for deposit to the account.

Are there restrictions on bank transactions?

UAE banks are very loyal to their clients' business and do their best not to create any obstacles. In some cases, when making large transactions over $200,000, the bank may request documents confirming such a transaction, such as an INVOICE, contract or bill of lading.

Features of obtaining a visa

What is a resident visa?

A resident visa is a permit for foreigners to reside in the UAE for two years, with the possibility of its subsequent extension, if the company is registered outside the Free Zone.

If the company operates in the Free Zone, subsequent extension is for a period of three years.
In any of these cases, a resident visa is required to open a company and a bank account.

What is Emirates ID?

Plastic card. It is identical to the resident's visa, and it is an addition to it.

What do I need to get an Emirates ID?

All founders must have Emirates ID
To get an Emirates ID, you need to confirm your residential address.
The rental agreement may be nominal. To obtain a registration address, you need approximately $2,500 for each founder.

Taxation in the UAE

Is there VAT in the UAE?

Companies registered in the Free Zone are subject to VAT in the amount of 5%. In addition to usual cases (such as the sale of goods within the country), there are also other ones – IT and digital business.

Do I need to register VAT?

The company must register as a VAT payer if the turnover of goods or services subject to taxation exceeds $51,046 in the last 12 months.

The company is required to register as a VAT payer if the turnover of goods or services subject to taxation exceeds $102,093 (375,000 dirhams) over the past 12 months.

Do I need to register as a VAT payer if I receive income from exports outside the UAE?

Yes. It is necessary to register for VAT payment, since export includes a list of taxable services.

What penalties are provided for non-compliance with VAT requirements?

The fine in the absence of VAT registration is $ 5,444

Is there a corporate tax and a tax on the repatriation of capital and profits?

No, it doesn't exist.

Is there a personal income tax (tax on dividends, tax deductions on salaries)

No, it doesn't exist.

Office, Director, employees

Do I need an office for a company?

Companies registered in the Free Zone are subject to VAT in the amount of 5%. In addition to usual cases (such as the sale of goods within the country), there are also not so obvious ones – IT and digital business.

What is necessary to register an employee in the company?

The company must register as a VAT payer if the turnover of goods or services subject to taxation exceeds $51,046 (187,500 dirhams) in the last 12 months.

The company is required to register as a VAT payer if the turnover of goods or services subject to taxation exceeds $102,093 (375,000 dirhams) over the past 12 months.

Do I need a director in the company? How will the owner of the company be reflected in the license?

Yes. It is necessary to register for VAT payment, since export includes a list of taxable services.

Other conditions

How many times do I need to visit the UAE to confirm the company's activities?

Once every 6 months, the director of the company will need to come to the UAE to confirm the factual conduct of the company's activities in the UAE.

Is the UAE on the FAFT and OECD lists?

No, the UAE is not on these lists.

What kind of marine logistics is present in the UAE?

There are 15 seaports in the UAE, which in total handle more than 30 million tons of cargo per year.

Do companies in the UAE need to keep mandatory accounting records?

In the Free Zone, an audit of the annual financial report is required, it is recommended to keep proper records of all financial transactions.

How are corporate documents legalized for their submission for company registration in the UAE?

Due the fact that the UAE is not a member state of the Hague Convention, and, accordingly, does not recognize the apostille, their legalization is required for official documents to be recognized as valid in the UAE. Legalization includes notarization and its certification, certification of documents in the issuing country, at the UAE Embassy in the country where the company is registered, and further certification at the UAE Foreign Ministry. The cost of certification of one corporate document in the UAE Ministry of Foreign Affairs is subject to a state fee of approximately USD $544

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