Frequently Asked Questions (FAQs)
Why start the company in UAE?
If you wanted to live somewhere that is reasonably affordable, has a thriving entrepreneurial community, close proximity to Europe and Asia, and is located in a region with low taxes and free trade zones.
A location search narrowed down options to the UAE, which has all of those things (and more). It has been an incredibly easy place to do business.
Where to setup a company in UAE?
The United Arab Emirates is a federation of seven different emirates, each with its own unique culture and style. To varying degrees, they are influenced by Arabic, Persian, and Indian traditions. This can make it difficult to decide where you'd like to base your company in the UAE.
A good thing to consider is that all seven emirates have great access to the sea and have developed into major centers for trade and industry. The bigger cities of Abu Dhabi and Dubai in particular have become ever more important hubs for business as a result of their international connections through air travel and ports.
How to start a business in UAE?
What type of company structure are available in the UAE?
Is it easy to start a business in the UAE?
Difference between Mainland, Free Zone, and Off Shore company in UAE?
Mainland Company - A Mainland Company is a local company, established or incorporated in UAE. A Mainland company is registered with the Ministry of Economic Development (MED) and will be governed by the Commercial Companies Law of UAE and subject to mandatory periodic filing of annual financial statements with the Ministry.
Free Zone is a special economic zone in the UAE where a number of companies operate that are not permitted to trade with the rest of the UAE. These companies form their own free zone, to run their business as they choose, free of most taxes and duties.
Offshore companies can be formed in the UAE and other jurisdictions in a similar manner to that of a local company. A local registered office address is required, but the shareholder and director names do not need to be disclosed by law. The annual accounting fees for this type of registration are significantly lower than for a local company.
Should the owner visit the UAE to setup the company?
What are the bank account opening procedure?
Under which circumstances, one should register company on the Mainland?
Under which circumstances should one register company in Free zone?
If you are an international investor and want to start a new business in UAE without registering it at the local commercial registry. A Free Zone is an area that has been specially designated by the government of UAE where foreign investors can operate their free zone businesses in accordance with their own laws and regulations, free of the restrictions imposed by local regulations or taxation.
The UAE Freezone is a place for people to register their companies at low costs and with minimal requirements, and the best part is that these companies can conduct business within the country without having to pay local taxes.
What is legal jurisdiction for any company to operate its business?
The UAE is a federation of emirates, each governed by a monarch. The UAE has three legal jurisdictions: civil law, Sharia law, and customary law. In the UAE, it is possible for any company to operate its business under any one of these jurisdictions.
UAE legal jurisdiction for any company to operate its business is based on the Memorandum and Articles of Association of the Company, which should be in compliance with the UAE Commercial Companies Law.