REGISTERING A COMPANY IN UAE

In the UAE, one can enjoy a conducive environment for business by taking advantage of the numerous benefits that UAE has to offer. The country is a popular choice among foreign investors because of its 100% foreign ownership, tax savings, ease of doing business, up-scaled infrastructure, e-governance system, and top-class lifestyle.

There is a good range of company registration options available in the region for investors. With Red Berry Corporate Services, you can register a company in the United Arab Emirates in no time. With consideration to your exact business requirements as well as the nature of the business, our expert professionals will assist you with the right choice for company formation in the region.

In the UAE, company registration is divided into three categories - Mainland, Free Zone, and Offshore. As of 2021, the Mainland Company can now be registered in the UAE as a 100% expatriate-owned entity. Depending on the undertaking and industry, the investor must comply with certain regulations.

There will be 100% foreign ownership in the Free Zones and Offshore Companies. However, they differ in their characteristics, business operations, and governing business laws. The value of country Company Registration in the UAE is 11,700 AED for one visa quota. UAE Free Zones offer a wide range of business activities and license types to choose from.

MAINLAND COMPANY REGISTRATION IN UAE

The Mainland of the UAE is home to many domestic and international companies of all sizes, small and medium-sized businesses, and retail and restaurant businesses. The mainland of UAE is a target for many brands around the world looking to expand. Investors who aim to target a multi-cultural audience and expand to the UAE market often invest in a Mainland Company Registration in UAE. The following are the key company structures within the Mainland of the UAE.

The Mainland Company Registration process has undergone a major change following the recent Cabinet Decision of 2021. Companies across selected business categories, including commercial, industrial, trading, etc., can now be 100% owned by ex-pats on the mainland.

Certain strategic business sectors such as protection, defense, and military activities, services associated with fisheries, banks, exchange shops, telecommunication, etc. are restricted to 100% foreign ownership.

There is a positive list of 122 business activities owned 100% by expatriates. To qualify for 100% foreign ownership in the UAE, there's a minimum capital requirement.

Across all business activities in the services sector, there is 100% foreign ownership. A neighborhood service agent must be appointed to coordinate with the Department of Economic Development for the executive works.

A. financial obligation COMPANY (LLC)

A popular structure within the UAE mainland is an indebted company structure. An indebtedness company is typically chosen by investors when there are two or more shareholders (up to 50) and when they want an organization on the mainland of the United Arab Emirates. Entrepreneurs can benefit from setting up an LLC Company in their region for various reasons.

As an LLC Company Shareholder, your liability is limited to the amount of shares you own and your private wealth is protected. The UAE's Mainland is often the setting up of Limited Liability Companies to carry on diverse business activities. In order to conduct commercial, service, and industrial activities, an LLC Company will be formed. There is a 100% expatriate ownership requirement for LLC Company Formation, as per the recent amendment to the Companies Law. In order to put in place an LLC Company within the mainland of the UAE, there is no requirement for a sponsor to be a UAE national or a company sponsor (a company with UAE National as owners).

It is necessary, however, for the service companies to appoint a UAE Local Service Agent to register the corporate as an LLC company on the mainland of the UAE. The local Service Agent will not own any shares of the company or have any control over its operation or profits.

B. PROFESSIONAL COMPANY (CIVIL WORK COMPANY)

Consulting, legal, accounting, and medical professionals can form a Civil Work Company on the Mainland of the UAE. The owner can retain 100% ownership of the company. Civil Work Companies are required to hire a neighborhood service agent to liaise with Government agencies for an annual fee, when registering with the Department of Economic Development (DED).

Open a Civil Works Company in UAE if you want to start your own business or if you are a single owner or skilled professional. Entrepreneurs can choose from a wide range of Professional Licenses in Dubai. It is possible to open a Civil Works Company in UAE with many advantages, including 100% ownership for the shareholder without the requirement of a UAE National as a partner. (Requires a local Service Agent).

C. BRANCH OR REPRESENTATIVE OFFICE OF FOREIGN COMPANIES

An investor who already has an office within the UAE's Free Zones or any company outside of the UAE can establish a Branch or Representative Office there. A Branch or a Representative Office must meet certain requirements and criteria. For companies looking to actively expand into the UAE Local Market, opening a branch office in the UAE may be a profitable business investment. Having a Branch Office allows large companies to streamline their operations in new markets and also to check the market conditions and audience response before committing to a large expansion plan.

FREEZONE COMPANY REGISTRATION IN UAE

In Dubai, Company Registration in a Free Zone is easier than in Mainland companies. Investors prefer the Dubai Free Zones because of the ease of setting up a business, the high quality of infrastructure, and the business ecosystem.

A key advantage of a delegated area company setup is that it is exempt from VAT (Value-Added-Tax). An area company has minimal operating costs as all the payments for the use of office space, amenities, and utilities are paid upfront on an annual basis. There are a number of advantages to registering a free port company in Dubai, including exemption from VAT, exemption from filing audit reports, 100% repatriation of profits, easy ownership transfers, and access to international quality warehouses.

In Dubai, Free Zones offer several of the simplest company formation packages at a reasonable price. Dubai charges AED 13,900 as the minimum fee for registering a free port company. For investors, Dubai's free zones offer a wide range of activities for starting up a business in the UAE.

Get in touch with our expert Business Consultants right away for more on the list of operations and countries that are suitable for your Company Setup.

OFFSHORE COMPANY REGISTRATION IN UAE

An offshore company in Dubai can be a legal business entity formed for the purpose of facilitating international trade. Company offshores are registered as International Business Companies (IBC) and are outside the scope of the UAE's local business jurisdictions and legal systems.

VAT & UAE Customs do not apply to them. On the other hand, offshore companies don't seem to be eligible to trade in the local UAE market. The majority of offshore companies are international trading companies, holding companies, consulting services, and property investors.

The employees of offshore companies are unable to use any residence visa. Due to strict compliance checks, opening a checking account is feasible, but time-consuming.

Offshore Company Registration in Dubai offers investors many benefits such as tax savings, profit repatriation, foreign ownership, etc.

Find out more about Offshore Company Registration in UAE here!

The setup of a Limited Liability Company (LLC) in Dubai is one of the most popular legal business structures for establishing a trading or manufacturing company. A Limited Liability Company has a minimum of two shareholders and a maximum of fifty. There is no minimum investment requirement. Management of the LLC Company may be vested in the Managers (up to five persons), who might or might not be UAE nationals.

LLC BUSINESS SETUP IN DUBAI

Establishing an LLC in Dubai is extremely straightforward and relatively easy. Depending on the chosen business activities, there may be certain documentation, paperwork, and special approvals required.

The following steps will help you set up an LLC in Dubai. We will guide you through all steps of LLC Company Formation in Dubai, with expert consultation and PRO support.

· Choosing the endeavor and reserving the trademark.

· Approval of the Tradename and Legal Business Form.

· For the chosen activities, obtaining the additional approvals from the Department of Economic Development (DED) in Dubai.

· Prepare the Memorandum and native service agreement (LSA).

· Finding a local sponsor in the UAE, shareholder resolution, and required agreements.

· Review and approve the documents.

· Get a contract for your physical office space.

· To obtain the LLC Company License, submit the Tenancy Contract along with the initial approval documents.

· Open a company checking account in Dubai and apply for a residence visa and Emirates ID.

LLC COMPANY REGISTRATION IN DUBAI – BUSINESS BENEFITS

In Dubai, LLC Company Registration is a streamlined process facilitated by the Dubai Economy. Investors must submit a corporate registration form together with supporting documents and pay the registration fee. LLC companies in Dubai enable investors to establish an office anywhere in Dubai, open a company checking account, and obtain a residence visa under the corporation. Investing in a debt company in Dubai provides the investors with peace of mind in terms of flexible business operations, ownership of the company, reduced risk of capital investments, and hiring additional staff.

KEY BUSINESS BENEFITS OF LLC COMPANY IN DUBAI

Investors in Dubai can benefit from LLC Companies in a number of ways. Establishing an LLC in Dubai enables investors to strengthen their presence in the UAE local market and promote local trade more effectively.

Here are some advantages of setting up an LLC company in Dubai for investors:

· There is a wide range of business activities from the DED list to choose from when setting up an LLC.

· Investor visas for stakeholders as well as sponsorship eligibility for their families.

· Bring on more staff to your business without worry about visa quotas.

· Banks are more likely to open a company checking account when a company's credibility is increased.

· The opening of a brand new branch on the mainland is hassle-free if necessary.

· Under the corporate name, purchase assets in Dubai.

· Participate in tenders and take on government projects and assignments.

· Freely change the local UAE market as well as the rest of the GCC region and also the world.