UAE (Dubai) Company Formation
Benefits of a UAE International Company Formation
Dubai is renowned for its strategic location and vibrant economy, offering a premier business environment
for international investors. With no personal or corporate income taxes and numerous free zones providing
100% foreign ownership, it is a highly attractive jurisdiction.
Dubai’s modern infrastructure, transparent regulations, and business-friendly policies foster innovation and
growth. Its robust financial sector and extensive trade networks position Dubai as a leading destination for
global trade, investment, and business opportunities. from £3,695.00
Advantages of owning a company in the UAE
Having an offshore in the UAE or any other business is potentially beneficial due to:
• openness to the implementation of new business ideas;
• higher level of confidence in UAE companies;
• simplicity and clarity of registration procedures, along with compliance with all generally accepted standards of compliance;
• absence of exchange control;
• the availability of free economic zones (FEZs);
• tax conditions that create a relatively low burden on business.
Ways of doing business in the UAE
Business registration in the UAE is possible in one of the following forms:
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Limited Liability Company is the most popular form of business in the UAE, where the financial and legal liability of the participants is limited to the amount of their investment. The number of participants varies from 2 to 50. The minimum authorized capital is 300,000 dirhams, but the amount may vary depending on the emirate and FEZ.
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A joint-stock company is suitable for large businesses to attract external financing. The financial and legal liability of the participants is limited to the amount of their investment. JSC can be of several types: (1) closed, under which there is no public offering of shares (minimum authorized capital - AED 5 million), or (2) open, which can offer its shares to third parties, including on the stock exchange (minimum authorized capital - AED 30 million).
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A branch is an option for a non-resident company that plans to test the capabilities of local markets before investing more substantial sums.
Procedural aspects of opening a company in the UAE
You can register a company in the UAE after going through some interrelated steps:
There are many solutions available in the UAE with freezones offering the best value for 100% foreign owned companies. These can be "offshore" or "Freezone" entities and Glenmuir work with two exceptional freezones that can offer not only company formations but residency visa sponsorship and processing within days.
Regulatory environment of the region
Any person, natural or legal, resident or non-resident, can register a company in the UAE. For an offshore or FEZ company, 100% foreign ownership is allowed. For an onshore company, the share of UAE resident(s) must be at least 51%.
The registration procedure is simple and is completed quickly if the formal legal requirements are met. It is also possible to buy a company in Dubai UAE, preferably with an audit of the accounts and previous transactions.
Taxation of onshore and offshore companies in the UAE
The UAE tax system provides for such basic taxes for local companies:
• Corporate tax - (1) for oil and gas companies - up to 55%, (2) for branches of foreign banks - 20%, (3) for most other companies and branches - 0%;*
• Income tax - not applicable
• VAT - 5%
• Withholding tax - not applicable
• Capital gains tax - not applicable
*from 1.06.2023, the introduction of a corporate tax of 9% (for activities within the UAE over and above a certain figure).
The Company Registration in UAE Package Includes the Following Company Documents:
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Certificate of Incorporation issued by the Registrar of Companies
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Articles of Incorporation stamped by Registrar of Companies
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By Law stamped by the Registrar of Companies
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Resolution of appointment of first directors
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Register of directors
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Register of shareholders
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Minutes of first meeting of directors
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Share Certificate for each shareholder
** Payment Plan Also Available For New Incorporations
