Businesses in UAE are on a surge due to many factors that give their owners major benefits. For example, the ease of setting up a business in UAE, bank account benefits, zero corporate or income text, 100% foreign ownership, local & international professional networking and many other benefits make UAE one of the best spots in the world for a company formation.
UAE is home to many multinational companies as well as fortune 500 companies including Facebook, Dell, Intel, Samsung, Huawei, Microsoft, HP, LinkedIn etc. UAE allows investors total freedom to open a company in the country albeit following the legal rules.
Types of company formations in UAE
Setting up a company in the mainland of UAE is possible by having a local sponsor. Foreign investors can start their business where 51% ownership belongs to a UAE national and the 49% goes to the remaining owner or shareholders.
To set up a company in UAE, a Limited Liability Company (LLC) is the main option. Businesses must register with the government in one of the UAE Department of Economic Development (UAE DED)to conduct business on the mainland.
Mainland companies can do business in any industry, tourism, commercial, professional or trading sector. Owners and investors can benefit from great deals on office spaces and rents on the mainland. Read about our UAE mainland sector and its benefits.
Unlike the mainland, free zones allow 100% foreign ownership and have many trade benefits. Companies in free zones can take advantage of their low trade barriers, where you can manufacture, import, export and produce goods without paying customs duty.
You can choose from many free zones in each emirate (Dubai, Abu Dhabi, Ajman, Sharjah, Umm al-Quwain, Fujairah, Ras al-Khaimah). Company formations in free zones are relatively straightforward and easy. With the assistance of expert business consultants like UAE Company Registration, setting up companies in free zones will be much easier.
Free zones are usually located next to airports, seaports and national borders to maximize ease of trading. Read about UAE Free zones and which free zone would suit you best.
The most popular business type in UAE, offshore company formation offers an ideal set-up for business management, wealth management, smart international investment strategies, ease and freedom of business operations.
Many offshore companies in the UAE reap the advantages of having zero taxes and fewer regulations. Start-ups can also begin as offshore companies if they aim for international markets right from the start. Offshore companies benefit from lawsuit and asset protection, complete privacy, speedy process, and great flexibility. Click Here to read about offshore setups.
Set Up a Business in Dubai Mainland
Benefits of company formation in UAE
Several free trade zones that allows 100% ownership
No corporate or income taxes
Ease of doing business
Religious and politically tolerant
Multinational and large skilled labor force
Strategic location with most countries only a max of 7 hours flying time
Ease of opening bank accounts
Ease of gaining UAE residence visa
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