COMPANY FORMATION IN THE UAE

Establishing a company in the United Arab Emirates (UAE) is an enticing venture thanks to the nation's strategic location, robust economy, and business-friendly environment. The UAE offers various options for company formation, such as mainland, free zones, and offshore jurisdictions, each catering to specific business needs. Whether opting for a mainland company with or without local ownership or for a free zone entity with foreign ownership privileges, the services that we provide involve navigating through legal requirements, documentation, and governmental procedures.

Business owners can choose from diverse free zones tailored to specific industries, enjoying tax exemptions, 100% repatriation of profits, and simplified customs procedures. Additionally, the UAE's proactive government initiatives and regulatory frameworks contribute to a conducive atmosphere for international businesses. With the guidance of experienced business consultants and adherence to the established guidelines, setting up a company in the UAE opens doors to a thriving marketplace and global opportunities.

COMPANY FORMATION PROCESS

CONSULTATION & PROPOSAL

While establishing your business, our team at GloBiz Link, alongside our network of Professional Partners, will provide guidance and support. Initially, we will discuss your requirements through phone calls, emails, or in-person meetings at our office, based on your convenience.

After determining your requirements, we will present a comprehensive proposal outlining the following:

  • Type of license
  • Visa Package
  • Business Activities
  • Office solutions

DOCUMENTATION

The client pays the professional fee and submits the following documents:

  • 3 Proposed Names for the Company
  • Number of Shareholders with (%) of shares distribution
  • Copy of Passport
  • Digital Passport Photo
  • Emirates ID and Visa Copy (for UAE residents only)

PROCESSING

Our support team will take care of the company and shareholders' registration.

LICENSE APPROVAL & ISSUANCE

Once the License application is approved, the authority will issue two forms for your License. A soft copy is sent via email, and the original (hard copy) License is available for collection upon request.

CLIENT SUPPORT

Once the License is incorporated, our team will continue to support and assist you with the below extra services:

  • Visa Processes
  • Office Solutions
  • Medical Insurance
  • Bank Account Opening Support
  • License Upgrades and Downgrades
  • License Amendments
  • License Renewals

FREE ZONE vs. MAINLAND COMPANY

FREEZONE MAINLAND
OWNERSHIP 100% foreign ownership allowed Local partner required for certain activities
VISA SPONSORSHIP Allows easy visa issuance for employees Visa issuance may require more complex processes
BUSINESS PREMISES Leasing options within the free zone Flexibility to lease premises anywhere in the emirate
TAXATION Often exempt from corporate and personal taxes Subject to corporate and personal taxation
CUSTOMS DUTY Import/export duties may be exempt or reduced Standard customs duty rates apply
COMPANY FORMATION TIME 1-2 days May involve more time-consuming procedures
GOVERNMENT REGULATIONS Governed by the free zone authority Regulated by the Department of Economic Development
LEGAL STRUCTURE OPTIONS Offers a variety of legal structures Limited options
BUSINESS ACTIVITIES Specific activities allowed based on free zone rules Broader range of activities allowed
OPERATIONAL FLEXIBILITY High flexibility in operational matters More regulatory oversight and compliance requirements
LOCAL MARKET ACCESS Restricted to conducting business within the free zone Allows access to the entire local UAE market
COSTS Lower setup and operating costs Can be costlier due to local sponsorship and compliance
REPATRIATION OF PROFITS 100% repatriation of profits and capital allowed Subject to local regulations and corporate governance