Businesses in UAE are on a surge due to many factors that gives its owners major benefits. For example, the ease of setting up a business in UAE, bank account benefits, zero corporate or income text, 100% foreign ownership, local & international professional networking and many other benefits makes UAE one of the best spots in the world for a company formation.
UAE is home to many multinational companies as well as fortune 500 companies including Facebook, Dell, Intel, Samsung, Huawei, Microsoft, HP, LinkedIn etc. UAE allows investors total freedom to open a company in the country albeit following the legal rules.
Here are the main three types of company formations in UAE:
Setting up a company in the mainland of UAE is possible by having a local sponsor. Foreign investors can start their business where 51% ownership belongs to a UAE national and the 49% goes to the remaining owner or shareholders.
To set up a company in UAE, a Limited Liability Company (LLC) is the main option. Businesses must register with the with the government in one of the UAE Department of Economic Development (UAE DED)to conduct a business in the mainland.
Mainland companies can do business in any industry, tourism, commercial, professional or trading sectors. Owners and investors can benefit with great deals on office spaces and rents in mainland. Read about our UAE mainland sector and its benefits Here.
Unlike mainland, free zones allow 100% foreign ownership and has many trade benefits. Companies in free zones can take advantage of their low trade barriers where you can manufacture, import, export and produce goods without paying any customs duty.
There are many free zones in each emirate (Dubai, Abu Dhabi, Ajman, Sharjah, Umm al-Quwain, Fujairah, Ras al-Khaimah) that you can choose from. Company formations in free zones are relatively straightforward and easy and with the assistance of expert business consultants like Rockefeller, setting up companies in free zones will be that much easier.
Free zones are usually located next to airports, sea ports and national borders to maximize ease of trading. Click Here to read about UAE Free zones and which free zone would suit you best.
The most popular business type in UAE, offshore company formation offers an ideal set up for business management, wealth management, smart international investment strategies, ease, and freedom of business operations.
Many offshore companies in the UAE reap the advantages of having zero taxes and fewer regulations. Start-ups can also begin as an offshore company if they aim for international markets right from the start. Offshore companies benefit from lawsuit and asset protection, complete privacy, speedy process, and great flexibility. Click Here to read about offshore set ups.
Free zones are usually located next to airports, sea ports and national borders to maximize ease of trading. Click here to read about UAE Free zones and which free zone would suit you best.