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Hello

Start your business in the UAE

 

Starting a business in the UAE can begin from various forms which we can assist you on. The process of company formation differs according to which emirate you choose to set up in.

The advantages of setting up in the UAE are numerous.

 

• No direct taxes payable on corporate profits or personal income and customs duties stand at low rate of 4%, no foreign exchange controls and trade quotas along with many exemptions offered by the government..

 

• The UAE Dirham is pegged to the US Dollar.

 

• UAE offers competitive costs in vital areas such as import duties, labor, energy, and financing.

 

• The UAE possess the world’s most extensive foreign trade network, giving investors access to global marketing outlets for their goods and services.

• Dubai is MENA’s major re-export hub.

UAE based company advantages

•100 per cent foreign ownership

•Banking confidentiality

•No public registry required

•100 per cent company and personal tax  exemption

•0 foreign currency restrictions

•Complete repatriation of company profits and capital

•Extremely Low set-up costs compared to onshore companies

•No physical office requirements

•No share capital requirement

•Ability for offshore company to act as a holding company

 

The UAE federal government oversees the entire country, but each of the seven individual emirates also has its own laws and regulations in place related to company incorporation and financial oversight.

 

There are also three company set up

options:

 

•In a free zone, No local partner required

•As an offshore business

•As a wholly local business outside of a free zone, local sponsor required.

 

To secure a trade license, businesses are also required to declare all of their core services and the nature of their business. This is an extremely important decision, as once formally established, the company is not allowed to perform any other service outside of the agreed scope of services.

UAE Free Zones

 

JSB Incorporation will help you start your business in UAE’s 40 free zones.

 

The UAE is home to more than 40 free zones,  some are industry specific and contribute to the UAE economy in various ways.

 

UAE free zones attract foreign direct investments, from all over the world,  through which more than thousands of jobs are provided, escalate economic diversification, and support the spread of knowledge, technology and expertise to the Emirates.

 

List of major UAE Free zones

 

•Ajman

•Fujairah Creative City

•DIFC

•DMCC

•Dubai Airport

•Dubai Healthcare City

•Dubai Mainland

•Dubai Maritime City

•Dubai World Central

•Hamriyah

•Jebel Ali

•Media City

•Rakia & RAK

•Sharjah Airport

•Sharjah Media City

•Silicon Oasis

•IFZA

•UAQ

Free zones are an attractive option for startups, consultancies, and market entry businesses. Each free zone in the emirates are governed by an independent authority which issues operating trade licenses for Free Zone Establishments (FZEs) and assists businesses with the UAE company formation process.

 

These free zones also allow the process of setting up branches or international offices of an already existing parent company. Different types of license are applicable in the different free zones, with specific restrictions regarding operational remit.

 

Onshore (LLC) companies, where a UAE National majority partner (51 percent) is required, in a free zone trade license, one can have 100 percent ownership of the business.