UAE UAE SERVICES

Business Set Up in UAE

UAE occupies a strategic location between Asia, Africa and Europe. In the Middle East and African region, it ranks first among the countries most attractive for foreign investment. Many businesses intend to do business in UAE. If you’re one of them, then reach out to us at Enterslice. We will assist you in having a global presence.

Benefits of Doing Business in UAE

Ease of Doing Business

Highly Competitive Workplace

Tax Exemptions

100% Ownership

Strategically Located

Highly developed infrastructure

Complete Repatriation of Profits

Simple Visa Procedure

Quality of Life

Supportive Government

Access to International Markets

Different Types of Business Structures in UAE

 

1. Limited Liability Company

In this type of corporate structure, the liability of the shareholders is limited to the extent of their capital contribution. To establish an LLC in UAE, one has to obtain sponsorship from a UAE national or a wholly-owned UAE company to act as a national agent or sponsor. There is no requirement of a minimum capital however, a generally accepted practice is that an LLC should have at least AED 100,000. No income tax is levied on corporates except when the company is involved in economic activities such as oil, gas, etc. For registration of a company, a physical office space is required and a minimum of 1 director or manager is required. Even though there is no constraint on the repatriation of funds, the company has to maintain a legal reserve of 10% of the LLC's net profits.

Joint Stock Company

In a Joint Stock Company in UAE, the capital is divided into negotiable shares of equal value. The partners of the company have limited liability. Further, there are two types of Joint Stock Companies in UAE viz., Private Joint Stock Companies and Public Joint Stock Companies. A Joint Stock Company should have a minimum of 2-15 directors, elected for a tenure of 3 years. The majority of the board, including the chairman, should be UAE nationals. For incorporation of a public joint stock company, a minimum share capital of AED 10,000,000 and a minimum of 10 founders are necessary. Whereas for the incorporation of a private joint stock company minimum capital of AED 2,000,000 is required along with a minimum of 3 founders.

Dual License Branch Office

A dual license branch office is a branch office of a free zone company in the mainland area. Such branch offices have to hold additional licenses in furtherance of a free zone license. The purpose of this additional license is that it reduces the cost and duration to incorporate a separate company. A mainland office is considered a branch office of the free zone company and not a subsidiary so, there is no requirement to appoint a local sponsor. The office is not registered with the UAE Ministry of Labour therefore, it is not eligible to issue labor cards or permits. Further, its staff should be a holder of free zone resident visas.

Trade Representation Office

A trade representative office is an extension of the parent company so it does not have a separate independent entity. It has limited functions such as collecting information for projects completed by the company and acting as a marketing and administrative center in UAE. For establishing a representative trade office, a UAE national agent is appointed or a wholly-owned company of UAE nationals. There is a restriction on a trade representative office that it cannot purchase any UAE property in its name. For establishing a trade representative office, a non-refundable deposit of AED 50,000 is deposited which cannot be used as working capital.

Free Zone Companies

Free Zones are companies established in zones where special laws related to customs, tax, ownership, etc prevail which are distinct from mainland UAE. Two types of corporate structures can be established in a Free Zone Area viz., Free Zone Company and Free Zone Establishment.

Free Zone Company or LLC: A free zone LLC can have up to 5 shareholders. Shareholders can be either natural or legal persons. The legal requirements to be followed are the rules and regulations framed under the respective Free Zone.

Free Zone Establishment: A free zone establishment has a single shareholder with limited liability. It can be incorporated by both a natural as well as a legal person. The legal requirements to be followed by a free zone establishment are rules and regulations framed by the respective Free Zone.

Branch Office

A branch office is an extension of the parent company hence, it is not considered as a separate legal entity. Any local or foreign company can have a branch office either on the Mainland or in the free zones of the UAE.

Different Types of Taxes in UAE

 

Corporate Tax (UAE CT)

Corporate Branch Income

Excise Taxes

Value-Added Tax (VAT)

Custom Duties

Municipal or Property Tax

Withholding Tax

About our Services

Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe.

Our UAE Entry Strategy services involve the following services:

About the UAE Entry Strategy

Our UAE Entry Strategy is classified into the following:

Business Set-up Services

Business Structures available in UAE are Limited Liability Corporations (LLC), Joint Stock Companies, Dual License Branch Office, Trade Representative Offices, Free Zone Companies, and Branch Office. Our business set-up services include advisory related to the type of business structure you should opt for to set up business in UAE. Our team will assist you in the business registration process, in opening a bank account for the business, and in post-registration compliance.

Consultancy on Managing the Business

Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory on issues related to the management of the business.

Legal Advisory Services

Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal Documents for your business and review and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with.

Accounting and Audit Advisory Services

Our experts provide bookkeeping services, assuring the proper maintenance of different accounting records. This involves keeping thorough and organized financial records, such as cash books, general ledgers, fixed asset registers and accounts receivable and payable sub-ledgers. In addition to this, we also provide financial reporting, accounting guidance, and bookkeeping services. They aid in producing accurate financial accounts, ensure conformity to accounting standards, and offer qualified advice on complex accounting matters. The accounts and financial statements are prepared to reflect the true and fair view of the company’s operations. On behalf of our clients, we ensure that the accounting and audit requirements are fulfilled.

Tax Advisory Services

Our tax experts will assist you in effectively managing your tax obligations and identifying opportunities to lower tax expenses. We ensure that the tax return is timely filed. We provide advisory on direct as well as indirect taxes. As the globe becomes increasingly linked, businesses regularly engage in cross-border transactions with intricate tax ramifications. We provide thorough advice on international tax compliance, double taxation agreements, transfer pricing, and international tax planning using our worldwide tax consultancy services. Our knowledge aids companies in overcoming the difficulties associated with international taxes and strengthening their worldwide tax position.

Intellectual Property Advisory Services

Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant Documents. Our team of IP experts also advises on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement.

FAQ Section

The total cost of starting a company in the UAE can range from AED 20,000 to AED 200,000.

Yes, a foreigner can start a business in UAE.

To start a business in UAE, you will have to follow the below steps:

i. Select a legal form for your business.

ii. Register a trade name.

iii. Apply for initial approval.

iv. Draft Memorandum of Association or Local Service Agent Agreement.

v. Get government approvals.

vi. Apply for a Business License.

vii. Open a Bank Account.

viii. Check the status of company registration.

Yes, 50,000 AED is enough in Dubai.

Yes, Indian nationals are allowed to open a business in Dubai.

IT Solutions is in high demand in Dubai. Apart from this, Manufacturing, e-commerce, and logistics are some of the sectors which are in high demand in Dubai.

You can start an e-commerce business such as online grocery delivery business, online food delivery business, or online medicine delivery business.

Our Offerings

Why choose Us

15+ years of Industry Experience.
Global Network of UAECA’s, CPA’s, CA’s and Attorney’s
Million Satisfied Clients.
Globally recognized consultancy with a presence over 22+countries.

Why Enterslice

24x7 Client relationship support desk.

Tech-enabled service delivery platform.

Dedicated foreign Investment desk.

50,000+ Network of Lawyers/Attorney’s/ UAECA/CA/CPA/CFA.

Strong team of Inhouse Lawyers/Attorney’s/ UAECA/CA/CPA/CFA

 

Individual and Dedicated professionals on every assignment.

We register 100+ Companies every Month.

Connect with Enterslice today to connect with our team of Skilled Professionals, to avail any of our Premium Services.

If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.

We partner with more than 100+ companies

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