Company Formation in UAE
Company formation in the UAE is the process of establishing a company by following certain steps as specified by the respective licensing authority. There are three major ways to set up a company in the UAE. It is through the Mainland, Free Zone and Offshore.
Investors can seek the guidance of an expert Business Consultant of AURION. They will provide the right support for investors based on their specific business requirements. Setting up a company in UAE has several advantages, such as:
- Favourable tax structure – 9% Corporate Tax and no personal income tax
- Ease of doing business – No bureaucracy or favouritism
- 100% Ownership of Company Assets and Shares
- 100% profit Repatriation to Home Country
- Immense support from the Government in promoting trade and commerce in the region
- Host of international and national banks offering various services to corporates and individuals
- Growing network of payment gateways, billing software applications, digital banking products & services
So, many large corporates including Fortune 500 brands, have their global headquarters in the UAE. The Free Zones and the Mainland of the UAE provide ample business infrastructure and opportunities for businesses to grow and scale up.
Also, the world-class seaports and airports provide transport connectivity across the world. The network of international and National Banks provides facilities to conduct trade effectively across global markets.
There are distinct benefits for company formation in the UAE Free Zones and the Mainland. The cost of company formation is a major factor that determines the selection of a business jurisdiction.
Furthermore, there are also other factors, such as visa quota, office space availability, and the nature of the business activity, that play a vital role in the selection of the right business jurisdiction in the UAE.
Company Formation in UAE - Free Zone
The UAE comprises 7 Emirates. Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain complete the list of Emirates of the UAE. Across all these Emirates, there are business hubs for facilitating trade and commerce.
Also, the Free Trade Zone across the emirates has provisions for a special tax regime, customs waivers, and import fee waivers upon meeting specific criteria. Additionally, the Free Zones provide a host of benefits for the investors.
The Free Zones have an easy company setup, top-class office infrastructure and a wide range of business activities. The company formation packages offered by the Free Zones in the UAE are at competitive rates.
AURION is the Registered Agent of major Free Zones in the UAE. The expert team of Business Consultants will assist entrepreneurs with end-to-end company formation services in the UAE. Based on the investor’s precise requirements, the team will choose the right free zone and license package in the UAE. The process of trade license registration is made simple and hassle-free for investors by AURION.
Company Formation in UAE - Mainland
Company Formation in the UAE Mainland will help the investor to conduct trade or provide services across UAE, the rest of GCC Countries, and abroad. Setting up a mainland company is a popular choice for traders, professional services, and retail businesses.
UAE Mainland Companies have immense scope for expansion. They can add more branches and open up more retail stores. There are a few options to set up a company in the Mainland of the UAE.
The Limited Liability Company is one of the most common company formation options in the UAE Mainland. For a single-owner company, the investor can choose a Sole Proprietorship or a Civil Work Company.
Investors in the field of legal services, accounting, doctors, Accountants, etc., can obtain a professional license from the Dubai Economy. This license enables the company to operate in the UAE Mainland.
Another type of Company Setup for large and medium companies in the field of manufacturing, heavy equipment maintenance, is by obtaining the commercial license. The UAE Mainland offers competitive rates for a commercial license, along with land and pre-built facilities for manufacturing companies.
The total cost for the company formation is approx. AED 25,000 for a trading company in the UAE mainland. Investors can also set up a civil company with a single shareholder to up to 50 shareholders. There is no requirement for a Local Service Agent for a Civil Work Company as per the latest Commercial Companies Law.
AURION can help you to set up your company in the Mainland of Dubai, Sharjah, Ras Al Khaimah, and other Emirates. Our Team will assist you in the complete process of registering the company and handling the visa processing requirements.
Company Formation in UAE - Offshore
Company Formation in UAE Offshore is for investors who operate their business internationally. They will not be able to conduct business within the UAE. Those businesses that focus solely on international exports, international market consulting, etc., that require only a virtual company license from the UAE can register their company in the UAE Offshore Jurisdictions.
Also, Offshore Companies or International Business Companies are not eligible for Visas. They are non-resident companies and are not governed by the UAE’s Mainland business laws. There are three offshore jurisdictions in UAE:
Entrepreneurs can incorporate an offshore company through the Registered Agents of the specific Offshore jurisdiction. AURION is the registered agent of both Ajman Offshore and RAKICC, these are the leading Offshore jurisdictions in the UAE.
Company Formation Process in UAE
The company formation process in the UAE is the formal process of setting up a company by obtaining the Trade License and taking a physical office depending on the business requirements.
The Free Zones will offer investors a trade license and virtual office or Co-working spaces, and with the provision to upgrade to an executive office at a later stage.
The general process of company formation in the UAE follows the steps below.
- Choose the right business jurisdiction and decide on a trade name
- Choose the number of shareholders and prepare the Shareholder Agreement
- Get the Name Approval by submitting the shareholder details, Trade License Application form (duly filled), and business activity
- Prepare the tenancy contract for the physical office space (if required) or go with the coworking space package
- The specific Trade License Authority (Free Zone or Mainland) will review the documents and issue the trade license to the investor after making the fee payment
Depending on the business jurisdiction, business activity, and visa requirements, the company formation process in the UAE slightly differs. Also, the investor must follow the company formation process the right way to avoid any roadblocks.
Generally, the incorporation process will be complete in 1 to 2 days from the date of document submission. After the investor receives the trade license, they can proceed to apply for an investor residence visa and sponsor employees by adding visa quotas. Also, they can proceed with opening a corporate bank account for the company.
Expert Business Consultants like AURION will guide the entrepreneur through the company formation process in UAE and ensure hassle-free company registration.
Following is the detailed step-by-step process for company formation in the UAE. Our expert Business Consultants will handhold you through the process of company formation and ensure you have a smooth journey and obtain the Trade License and company documents the right way.
1. Trade Name & Activity Approval
Getting the Trade Name and Business Activity Approval is the first step of the company formation process in UAE. Selection of the right business license type and business activities under the trade license is also an important aspect of the company formation process.
In the Free Zones, the governing authority will be the specific Free Zone Organization. Similarly, in the Mainland of UAE, it is the Department of Economic Development of the respective Emirate.
2. Company Incorporation & License
Once the business jurisdiction, business license, and business activity are confirmed, look for convenient office space and prepare the tenancy contract. The investor has to now submit the required documents, and the business license fee to secure their company license.
The Investor will also receive all the company documents such as the Memorandum of Association, Company Stamp, etc, along with the trade License.
3. Obtaining Residency Visa
Once the trade license and company documents are obtained, the investor can proceed to apply for the UAE Residence Visa. The Investor Visa under the company is for 3 years (renewable). The company will also be eligible to apply for employment visas (2 years renewable) depending on the visa allocation. The company owners have to go through a Medical Test and process their Emirates IDs to complete the UAE Residence procedures.
4. Bank Account
As the investor receives the company documents, UAE residence visa, and Emirates ID, they can proceed to open a personal and corporate bank account for the company to initiate the trade operations. Aurion offers assistance in opening Bank Accounts in Banque Misr, Mashreq Bank, and Emirates NBD.
Aurion Business Consultants will assist you in the complete company formation process. Thereby, you can sit back and relax as our Expert PRO Agents will handle all the above tasks. We assure you have the most seamless company formation in UAE and receive all the company documents in a limited time. Thereby, enabling the investors to kick-start the business operations at a faster pace in UAE.
Company Formation in Dubai
Company Formation in Dubai allows the investor to experience the numerous business benefits of Dubai. It helps in setting up office space and to start operating the business immediately.
Dubai is a perfect choice for setting up a company and settling with your family. There is a steady rise in investors who prefer to set up their base in the region. Free Zone Company Formation in Dubai is one of the most popular company incorporation choices for foreign investors.
Alternatively, getting a Dubai Mainland Trade License from the Dubai Economy is an option for investors to set up a company in Dubai. The strategic location of Dubai makes it a major trade and commerce hub connecting the world.
Company Formation in Dubai is highly beneficial for investors due to the robust business infrastructure, advanced lifestyle, ease of doing business, and more. There are numerous types of business activities for investors in Dubai for setting up a company and conducting local and global trade.
The Free Trade Zones and Dubai Economy has a host of company formation packages custom-made for investors. It helps them to easily set up their company and start their business operations instantly.
Company Formation Steps in Dubai
The Company Formation Steps in Dubai will help the investor to successfully set up their company in the region. By following the below step-by-step procedures of company formation in Dubai, the investor will be able to register their company and conduct their business operation in the region. Following are the step by step procedure of company formation in the Dubai.
- Select the type of legal entity - Free Zone or Mainland
- Choose Business Activity and Company Name
- Apply for Company License & Office facilities
- Obtain Trade License & Documents
- Apply for Visa & Bank Account
What are the Documents Obtained by the Investor?
There are a few documents the investor will receive from the authorities for a new Company Formation in Dubai. They are:
- Company Incorporation Certificate
- Memorandum of Association & Articles of Association
- Trade License with the selected business activities listed
- Company Establishment Card
- Shareholding Certificate for capital investment in the company
- Side Agreements with Local Sponsor (if any)
- Tenancy Contract/ Lease Agreement for the Office (if any)
- Emirates ID and UAE Residence Visa for the Investor (if any)
- Any other supporting document as per the business activity and business jurisdiction
Company formation in Dubai is on the rise. It is driven by the cost-effective company formation packages and the several benefits Dubai offers to the investors. Low taxation, world-class business infrastructure, business-friendly policies, etc., make Dubai a perfect business destination to start a business.
How Aurion will Assist you in the Company Formation Process in UAE?
Aurion is the expert company formation agent in the UAE. Being the best company formation consultant in the UAE, the team provide the most cost-effective company formation packages. Also, we offer business advisory services to investors from around the world. Our team of business setup agents will analyse your business and assist you in choosing the right company setup package.
AURION follows a holistic approach that will enable investors to focus on their core business activities. Our PRO Agents will handle all your company administrative tasks. We assure the lowest quote packages for every new company formation service in UAE. Talk to our team of expert company formation agents right away!
Connect with our expert Business Consultants to know more about the latest Company Formation Packages in Dubai.
