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Acquiring a business license, obtaining a UAE residence visa, and opening a corporate bank account constitute the three primary steps for initiating a business in any UAE Free Zone. With proper planning, the entire process should take between one to four weeks.
Yes, it is vital to determine your business sector and operational focus before commencing the company formation process in Dubai. Certain regions in the United Arab Emirates allow specific commercial activities.
You can initiate and manage your business in Dubai as a non-resident with expert guidance from professionals like Trade License Zone, and this can be done from any location worldwide.
DMCC Free Zone enterprises enjoy various other UAE government-related services, including a wide range of affordable real estate options, complete foreign ownership, 0% corporate and personal tax for 50 years, and a straightforward setup process.
There are no income or corporate taxes for individuals or businesses in the DMCC Free Zone. This exemption is valid for 50 years from the company's registration date.
The UAE's newest free zone, the Umm Al Quwain Free Trade Zone (UAQFTZ), was founded in 2014. Companies that want to operate in this relatively new Free Zone stand to gain the most. The Ahmed Bin Rashid Free Zone (ABRFZ) was the previous name of this free zone.
The timeline varies depending on factors such as the chosen business activity, documentation, and free zone processing times. Regardless, getting a trade license and registering a company in the UAE's UAQ FTZ business setup takes between two to four working days.
DMCC Free Zone enterprises enjoy various other UAE government-related services, including a wide range of affordable real estate options, complete foreign ownership, 0% corporate and personal tax for 50 years, and a straightforward setup process.
There are no income or corporate taxes for individuals or businesses in the DMCC Free Zone. This exemption is valid for 50 years from the company's registration date.
The UAE's newest free zone, the Umm Al Quwain Free Trade Zone (UAQFTZ), was founded in 2014. Companies that want to operate in this relatively new Free Zone stand to gain the most. The Ahmed Bin Rashid Free Zone (ABRFZ) was the previous name of this free zone.
The timeline varies depending on factors such as the chosen business activity, documentation, and free zone processing times. Regardless, getting a trade license and registering a company in the UAE's UAQ FTZ business setup takes between two to four working days.
VAT duties are dependent upon the location of business activity in addition to the registration location. When the taxable turnover hits AED 375,000, VAT is applied. As long as the transactions happen outside of the United Arab Emirates, a free zone company's overseas trading activities are not taxable. However, VAT at the rate of 5% needs to be added to invoices and paid if items are imported into the United Arab Emirates.
No, It cannot. A free zone entity may only trade its products through an agent, representative, distributor, or parent firm that holds the necessary license to carry out such an activity in the United Arab Emirates in order to trade its goods both inside and outside the free zone region.
No, a local partner is not required in order to establish a company in RAKEZ. The fact that RAKEZ allows for 100% foreign ownership is just one of the many benefits of establishing a free zone company.
Choosing a business venture marks the initial step in the LLC registration process in Dubai. Subsequently, one should:
Businesses operating in Dubai must procure a trade license. Trade licenses are categorized into three main types: commercial, professional, and industrial, each with distinct requirements and constraints.
The legal framework governing international investors setting up businesses in Dubai is notably accommodating. Establishing a business, obtaining a license, and registering a business are streamlined processes with minimal paperwork and legal requirements. Additionally, Dubai has comprehensive employment laws, regulations, and benefits protection in place. Reach out to us for tailored assistance in establishing a business in Dubai.
Dubai is home to a diverse workforce representing over 200 nationalities. Labor is plentiful in the UAE, attracting skilled and unskilled workers from around the globe seeking employment opportunities. After selecting a location, you have two options for recruitment: tapping into the pool of candidates already in Dubai or, provided all legal conditions are met, hiring employees from your home country.
Indeed, certain activities necessitate a No Objection Certificate (NOC) from third-party authorities to be added to an AFZ license. These activities are regulated by the respective authorities. For instance, opening a clinic requires permission from the UAE Ministry of Health & Prevention.
Businesses operating in Dubai must procure a trade license. Trade licenses are categorized into three main types: commercial, professional, and industrial, each with distinct requirements and constraints.
The legal framework governing international investors setting up businesses in Dubai is notably accommodating. Establishing a business, obtaining a license, and registering a business are streamlined processes with minimal paperwork and legal requirements. Additionally, Dubai has comprehensive employment laws, regulations, and benefits protection in place. Reach out to us for tailored assistance in establishing a business in Dubai.
Dubai is home to a diverse workforce representing over 200 nationalities. Labor is plentiful in the UAE, attracting skilled and unskilled workers from around the globe seeking employment opportunities. After selecting a location, you have two options for recruitment: tapping into the pool of candidates already in Dubai or, provided all legal conditions are met, hiring employees from your home country.
Indeed, certain activities necessitate a No Objection Certificate (NOC) from third-party authorities to be added to an AFZ license. These activities are regulated by the respective authorities. For instance, opening a clinic requires permission from the UAE Ministry of Health & Prevention.
An offshore corporation in Ajman must appoint a registered agent, who will provide the company's address. The offshore company is restricted to utilizing the agent's address. UAE businesses are open to investment from shareholders of Ajman Offshore Companies.
Absolutely. AFZ invites skilled and committed professionals to join their free zone, where they can pursue various careers in media and education as freelancers. Freelancers are permitted to conduct business using their birth name instead of a brand name, thanks to the Permit granted by AFZ, recognizing them as sole practitioners.
If a business is established in the Sharjah Airport Free Zone, it can have 100% foreign ownership in Sharjah. No, forming a company in Sharjah does not necessitate a resident director.
Setting up a business in the Sharjah free zone typically requires around AED 150,000 in capital. The process of registering a business in Sharjah typically takes 13 weeks.
Incorporating a company in RAKICC can only be done through registered agents. An IBC is incorporated within two working days of submitting the required documentation.
For RAK offshore company registration, you'll need to submit completed incorporation paperwork along with a project description, business memorandum, and articles of association, in addition to identity documents of the directors, managers, and shareholders.
Offshore companies are not permitted to conduct business within the jurisdiction where they were incorporated. To trade within the United Arab Emirates, you would need to establish a local onshore company.
No, an offshore business is not permitted to lease property on local premises.
Incorporating a company in RAKICC can only be done through registered agents. An IBC is incorporated within two working days of submitting the required documentation.
For RAK offshore company registration, you'll need to submit completed incorporation paperwork along with a project description, business memorandum, and articles of association, in addition to identity documents of the directors, managers, and shareholders.
Offshore companies are not permitted to conduct business within the jurisdiction where they were incorporated. To trade within the United Arab Emirates, you would need to establish a local onshore company.
No, an offshore business is not permitted to lease property on local premises.
The primary industries in the Jebel Ali Free Zone include logistics, automotive and spare parts, food and agricultural commodities, petrochemicals, and retail and online sales.
Each license issued at JAFZA is valid for one year. Renewal of the license is required annually, starting from the date of issuance.
UAE Corporate Tax applies to legal entities incorporated in the UAE and to foreign entities that are effectively managed and controlled within the UAE. Foreign entities operating in the UAE through a Permanent Establishment or having a taxable presence in the UAE are also subject to Corporate Tax. Natural persons are subject to Corporate Tax if they are engaged in business activities in the UAE, either directly or through partnerships or sole proprietorships. Further details on the scope of UAE Corporate Tax for natural persons are specified in Cabinet Decision No. 49 of 2023.
If revenues from Excluded Activities exceed the de minimis threshold, Qualifying Free Zone Persons may lose eligibility for the Free Zone Corporate Tax regime.
UAE incorporated companies such as Limited Liability Companies, Private Joint Stock Companies, Public Joint Stock Companies, and other UAE legal entities are considered Resident Persons for UAE Corporate Tax purposes. Similarly, natural persons engaged in business activities in the UAE are also considered Resident Persons for UAE Corporate Tax.
Public pension and social security funds in the UAE are exempt from Corporate Tax upon approval by the Federal Tax Authority.
There are no restrictions on the contributions an individual may make to a private pension fund or a private social security fund. However, contributions made are deductible for Corporate Tax purposes up to 15% of each employee's total remuneration.
Yes, UAE entities owned by UAE or GCC nationals are subject to UAE Corporate Tax.
UAE incorporated companies such as Limited Liability Companies, Private Joint Stock Companies, Public Joint Stock Companies, and other UAE legal entities are considered Resident Persons for UAE Corporate Tax purposes. Similarly, natural persons engaged in business activities in the UAE are also considered Resident Persons for UAE Corporate Tax.
Public pension and social security funds in the UAE are exempt from Corporate Tax upon approval by the Federal Tax Authority.
There are no restrictions on the contributions an individual may make to a private pension fund or a private social security fund. However, contributions made are deductible for Corporate Tax purposes up to 15% of each employee's total remuneration.
Yes, UAE entities owned by UAE or GCC nationals are subject to UAE Corporate Tax.
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The first step is to contact us. There are various ways to contact us. You could call us, submit a form on the site, Send a mail, etc
Once you Contact us, Our team will analyse your requirements based On what you are looking for and will ask You to submit the required documents
Based on your requirements, our team will let you know what documents will be required. Once we recieve the documents, its just a matter of time your business is incorporated
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