Aurion Business Consultants are the subject matter experts in the field of company formation and allied business advisory services in the UAE. Here are some of the frequently asked questions by our clients pertaining to business setup in UAE and allied services.
UAE Federal Law No.2 of 2015 on Commercial Companies, as amended applies to legal entities established in the UAE. Each Freezone is having Rules & Regulations framed for its effective functioning, keeping national interest.
Legal experts at the AURION guide to select the ideal Freezone based on investor’s requirement from a bunch of 45 Freezones.
Timespan to incorporate vary from each Authority, generally it's 2 to 5 days.
Owners need not be present in the UAE for incorporating in Freezone, whereas presence is required for mainland licenses.
Popular company structures are Freezone Company FZC (more than one owner), Freezone Establishment FZE ( Single Owner), Mainland Limited Liability Company (LLC), Mainland Civil Company for Professional Services, Offshore company.
Freezone companies are Onshore Resident companies that can do business within UAE & internationally whereas Offshore companies are No-resident companies that cannot do business within UAE.
Moreover, Offshore companies cannot have separate Office premises or Visa quota under the company.
Mainland companies are resident companies that can be incorporated in Mainland. investor can set up their office or warehouse in the Mainland.
Free Zone company license is issued by the respective Free Zone Authority. Furnished offices and warehouses are available for investors.
UAE is blessed with 45 plus Freezones and each Freezone has its advantages and disadvantages. The ideal Freezone can be identified only after getting the requirements from investors.
Aurion has contacts in each bank & they take the business profile of investors and open bank account without any hassle to the investor.
Liquidation of companies can be initiated with a Resolution calling upon to de-register the company. The entire assignment of Liquidation is done by getting all clearances from authorities within the shortest period.
Aurion provides an end-to-end Company Formation solution with value-added services such as ISO Certification, Trademark Registration in UAE, VAT & Accounting, PRO Services, Corporate Identity.
Also, any on-demand requirements related to company formation and business support in the UAE.
Yes, Aurion has a well-experienced PRO team to handle all Visa related assignments.
We provide assistance and services for Investor Visa, Residence Visa, Maid Visa, Sponsorship Visas, Immigration clearance, tenancy contract preparation, documentation, legal translations, and many more Visa related services.
For obtaining a Tax Residency Certificate for an individual or company, they must be in UAE for more than 180 days on residence visa (individual) and 1 year for the company.
Tax Residency Certificate is issued by the Ministry of Finance in UAE. Our Expert Tax Consultants will assist you with the process and ensure you get the Tax Residence Certificate in the UAE at the earliest at the lowest cost.
Company Formation in UAE could be used as a method to save tax in the home country. There is no Income or Corporate Tax in the UAE.
Hence, business profits, personal income, investments, etc, are not taxable in the UAE. Resident investors in the UAE from High Tax Paying regions could leverage the Double Taxation Avoidance Agreement (DTAA) and save taxes.
Yes, UAE is a Tax Haven. The only Tax charged by the Government here is the Value-added-tax (VAT) 5% on almost all consumer transactions in the UAE. Apart from the VAT, there is no other personal tax in UAE.
Not every company needs to pay VAT. Companies with taxable supplies and imports exceeding AED 375,000 per year need to register for VAT and are subjected to pay VAT (5%) in UAE. For more information on VAT, contact us to get guidance based on UAE VAT laws and regulations.