No, UAE national sponsor is mandatory for all L.L.C. structures. U.A.E National will have 51% shares in the company.
Yes, generally a side agreement with local sponsor is followed; however, these are not valid in the court of law and can be used for the internal purpose.
Free zone companies can be fully owned by expatriate and no local sponsor is required There are restrictions in providing business services to main land areas of UAE, through a Free Zone company.
Free zone licenses are processed by respective free zone authorities whereas L.L.C. license are being processed by ministry of economic development and municipalities.
100% owned by expatriates
No income tax and 100% profit repatriation
Bank accounts in UAE
Cannot conduct business activities in UAE
Yes, subject to the documentation and resolution by board of directors.
Activity is approved by the relevant license issuing authorities. Normally almost all activities are permitted, unless prohibited by the ministry.
Branch companies can conduct the activity in UAE, in line with the activity of parent company. Also this activity should be permitted to conduct in UAE. Branch activities will be consolidated in parent companies books of accounts.
Yes, UAE is completely free from income tax, vat etc.
Tax is being imposed only on some much selected activities in UAE.
Yes, it is permitted to have a company with a single shareholder. However, L.L.C
companies will have minimum of 2 shareholders.
Yes, UAE based companies can own any free hold properties in UAE or outside UAE.
Tax residency certificates are certificates issued by UAE ministry of finance as a proof of residency in UAE, for both individuals and companies, as a part of double taxation treaty agreements by UAE government with other countries.
Yes, we provide the incorporation services in all emirates of UAE, including offshore, free zone and main land companies.
Most Free Zones require businesses operating in their Free Zone to have physical presence there. In most cases to qualify for and to hold a license, the company must be in possession of a valid lease for office space, warehouse space, or development land. Physical presence in Dubai might furthermore be attractive for tax reasons, which we can tell you more.
The minimum capital requirement to incorporation of a Free Zone Limited Liability company (FZ-LLC) depends on the business activity.
This depends on the Free Zone and whether the company will have an individual or corporate shareholder. Even though it is often stated that a company can be formed within 48 hours, our experience is that it is best to keep in mind that it can take between 3 – 6 weeks to get your business up and running.
It is not compulsory to have an employment / residence visa for a new company setup in the UAE. But, it is desirable that the General Manager of the company does obtain one. It is required for the visa holder to be in Dubai every 180 days (6 months) otherwise the visa will be cancelled. In order to obtain the visa the person needs to be in the UAE for approximately one week, during which he/she will need to undergo a medical exam.
Yes a local service agent is required in case of Free Zone Company.
No in case if the free zone company has the local partner with an ownership of more than 51%, the DED will consider the FZC to be a UAE company, so a local service agent will not be required.
Physical presence of the owner of the company at the time of registration is mandatory.
When registering a company in the UAE (outside Free Zones) payment of share capital is not required. But most of the Free Zones require payment of the share capital.
An offshore company in the UAE does not qualify for residence visa.
Companies registered both in the UAE (outside Free Zones) and within Free Zones are completely exempt from tax. Taxes are imposed only on the oil and gas industry, banking, hospitality and catering.
Usually you cannot sell directly to the local market, but you can sell to the local agent or the dealer in the local market upon the payment of the levies.