Business Registration In Dubai,UAE

Dubai, The Tourism, Trading, Commercial and Transport hub that connects the world.

From a timeless desert, Dubai has been transformed into one of the most cosmopolitan cities in the world. Known for its tallest buildings with unique infrastructures, largest mall, high end boutiques, fine dining restaurants and home to more than 190 nationalities with diverse and different cultures, Dubai certainly is making global recognition and continues to attract tourists and businesses worldwide by converging in one common goal, living and working in this place they call Heaven.

Being one of the greatest business capital, Dubai’s success continue to inspire people, making it one of the most preferred destinations for global expatriates which now stands at more than two million. It is the choice for local and international organizations because of its strategic location, world class infrastructures, diversified and easily accessible market offering low logistics and operational cost.  Doing business in Dubai also offers the following advantages.

•  No personal income and capital taxes
• No corporate taxation
• 100% repatriation of capital and profits
• No currency restrictions
• Competitive import duties
• Modern efficient communication facilities
• Abundant and inexpensive energy supply
• Simple and efficient recruitment procedures
• Competitive freight charges
• Competitive real estate costs
• Easy access to both seaports and airports
• 100% ownership in Free Zones
• Availability of skilled and experienced workforce
• High level of administrative support

Dubai also offers different options in registering a company at the convenience of the shareholder or of the organization.  They can choose from any of the following:

A. Free zones

Dubai was the first emirati to pioneer the free zone model and offers foreign businesses attractive concessions and a number of investment incentives.  If the target market is outside of UAE, and you require an office space and a UAE residence visa, then registering a Free Zone Company or Establishment is recommended.  The procedure and the cost for incorporating the company depend on the Free Zones you choose and the type of your activity.

A Free Zone company will be restricted to do direct business with the UAE Local Market. However, direct business with Local Market can be made through a Distributor with 5 % duty applicable. There is no restriction for a Free Zone company to do Business outside UAE and within the Free Zone. In a Free Zone, you can start the company as a Free Zone Establishment (single owner), Free Zone Company (maximum 5 shareholders) or Branch of your existing foreign company.  The features of Free Zone companies are:

• 100% foreign ownership
• No local participation needed
• 100% import-export duty exemption
• Bank Account in Dubai/UAE
• Resident visas available
• Local trading by paying 5% duty (through a distributor)
• 100% tax free

Free Zone Areas are in Dubai Silicon Oasis, Dubai International Financial Center (DIFC), Internet City Free Zone, Dubai Media City Free Zone, Jebel Ali Free Zone, Knowledge Village Free Zone, Dubai Airport Free Zone, RAK Free Trade Zone.

B. Offshore Company

Examples of Professional Firms are Management Consultancy and Marketing Consultancy.  There is no 51% local equity restriction like the LLC.  Qualified foreign investors can set up this kind of main land company. Professional Firms has the following details:.

• Appointment of a UAE national as your local service agent.
• The local service agent will have no direct involvement in the business.
• Local service agents are paid a lump sum or a percentage of profits or on turnover.
• Allowed to do non-commercial activity.

C. Limited Liability Company (LLC)

A limited liability company is formed with a minimum of 2 shareholders and a maximum of 50 whose liability is limited to their share in the businesses’ capital.  While foreign equity in the company may not exceed 49%, profit and loss distribution can be delegated.

LLC Companies offers a UAE Visa, an office space and business within UAE and International market.  This type of company can be formed with 51% ownership of a UAE national and 49% with the foreign national. The UAE national is paid a lump sum fee yearly which depends upon his profile and status.  However, complete managerial powers is vested with the foreign national and the UAE national’s role in the operation of the company is very limited.  LLC companies have the following features:

• 100% tax free
• Get local presence  in UAE
• Liability is limited to the company and not to the share holders
• Advantages on bid with local companies
• Can setup branches all over UAE in future
• Get consideration of local companies
• Can expect business reference from sponsors (not in all case)
• Can do business with local companies as well as international companies/outside UAE/clients (with respect to rules and regulations in abroad countries)

D. Professional Firms

Examples of Professional Firms are Management Consultancy and Marketing Consultancy.  There is no 51% local equity restriction like the LLC.  Qualified foreign investors can set up this kind of main land company. Professional Firms has the following details:

• Appointment of a UAE national as your local service agent.
• The local service agent will have no direct involvement in the business.
• Local service agents are paid a lump sum or a percentage of profits or on turnover.
• Allowed to do non-commercial activity.

E. Branch or Representative Office of Foreign Company

The following are the features of Branch or Representative Office:

• Branch office is permitted to exercise the activities (Licensed) of its parent entity
• Also, it empowers to undertake transactions and offer services to customers
• Representative offices are only allowed to have promotional activities supplementing the business activity of parent company
• Representative office cannot enter into business transactions or market products
• Additional license is required in some cases for the Branch of foreign company from Ministry of Economy
• Appointment of local service agent
• The Local Service Agent is:
• Not responsible to undertake any financial obligations and commitments as a result of the operation of the Branch or Representative office
• He should not interfere in the matters related to the Branch or representative office management or activities
• His duties towards the Branch or Representative Office are as requested by the principal (E.g; getting approvals and permits from government authorities)
• He is remunerated on a lump sum basis as agreed between the parties.

F. Sole Establishment

A sole proprietorship can only be owned by an individual of any nationality, and not a Company.  He will have 100% ownership and control of all its operations and profits.  He will also be responsible for all the business debts and other financial obligations. A sole establishment, on the other hand, that is commercial and industrial can only be owned by a UAE or GCC National.

Dubai, being the Middle East’s number one business tourism destination is a great business capital inspiring and attracting both international SMEs and worldwide corporations all over the world to establish themselves in Dubai and be part of the growing economy globally.

Dubai is just about everything that is known to be the best.

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HLB HAMT - Audit, Tax, Accounting and Business Advisory

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Varun R Chandra

07:38 25 Apr 21

HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.

Giuseppe Assi

06:20 31 Jan 21

I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more

Mohamed Sheriff

16:16 28 Jun 20

Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more

218141 JOSEPH THOMAS

16:20 23 Jun 20

Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more

PMI

07:14 23 Jun 20

In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more

RAVI CHOKSI

08:28 21 Jun 20

Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more

Maharajan Subramaniam

18:17 06 Jun 20

High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more

Mohammed L

08:07 05 Jun 20

We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more

ROY ROSHAN VIVIAN

06:32 04 Jun 20

Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more

Basil Daniells

05:55 03 Jun 20

I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more

Amar Kashyap

19:28 02 Jun 20

Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more

Radz de Jesus

16:03 02 Jun 20

We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more

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