HOME
SERVICES
DETAIL

Company Formation

WeSetupBusiness is a One-Stop solution for investors and entrepreneurs to launch their business globally.

 

Setting up a new company can often be frustrating especially if you have never run a business before. Your company formation requires a team of skilled professionals who are familiar with all the technicalities, formalities, and paperwork involved in the process. To overcome this dilemma, get expert advice from us and maximize your target opportunities and obtain business license in your desired country and business jurisdiction. 

 

UAE Mainland

A Mainland Company, also known as "Onshore Company" is a local business licensed by the Department of Economic Development (DED) of the respective emirate. This license grants the company the freedom to operate within the local market and also conduct business outside the UAE without any restrictions. A big plus for mainland companies is that you can do business with government entities and can get government contracts.

 

One of the most important things to remember before starting a mainland company in the UAE is the newly introduced tax applicable from 1st June 2023. Now, the companies located in the Dubai mainland are subjected to 9% corporate tax on the net profit above the threshold amount of AED 375,000. 

 

UAE Freezone

A Free Zone company is any company registered within the 60+ Free Zones of the UAE. These type of companies enjoy special perks from the registered free zones such as 100% ownership, none to little tax, easy setup procedure, investor-friendly regulations and freedom to trade globally without any restrictions. A Free Zone Company has no restrictions related to ownership nor need for local sponsors as you enjoy 100% ownership from day one.

 

Dubai Free Zone company formation enjoys the freedom of not requiring a physical workspace; you can efficiently operate your business using virtual offices. There are some restrictions on the number of visas free zone companies can apply for. Generally, the number of visas available depends on the free zone regulations and ranges from 1 to 10. You can also sponsor your family as an owner or employee of a Free zone company.

 

UAE Offshore

Another popular option that most of investors choose is the offshore company formation in Dubai. Let’s dive into this and try to understand what an Offshore company is:

 

Offshore company in UAE is a very flexible corporate entity. This allows the company to be integrated into numerous business arrangements. Proper use of an offshore company can achieve tax reduction and increased confidentiality.

 

The three principal jurisdictions offering Offshore Companies in the UAE are Ras Al Khaimah (RAK), Jebel Ali Free Zone (JAFZA), and Ajman Offshore. All of them are “tax-free” jurisdictions that impose no income tax or corporate tax and permit 100% foreign ownership. The United Arab Emirates has established Double Tax Treaty agreements with more than 40 nations.

 

Subscribe Our News Letter

Copyright © 2024. All Rights Reserved.
Home
Blogs
FAQ
Gallery
Careers
Privacy Policy
Term & Condition