Registration of companies in the UAE
Parus Management Consultancies will register a company for you in the United Arab Emirates. We provide a turnkey service, which includes:
• Selection of the type of company;
• Selection of registration jurisdiction (we will suggest you the most appropriate emirate or FEZ in your case);
• Assistance in collecting the necessary documents;
• Submission of documents;
• Communication with government authorities;
• Assistance in organizing a trip to the opening of the company (if required);
• Assistance in finding an office (necessary for the substance);
• Assistance in creating a corporate website (necessary for the substance).
We specialize in the registration of companies of various types: in free zones, offshore and local companies. After registration, we provide follow-up services to your company on a "turnkey" basis, namely:
We monitor the deadlines of the reporting of the company (if required);
We monitor the terms of updating of the company’s license (for a company in a free zone) and the company itself;
We communicate with representatives of banks, inform about requests of tax authorities;
We advise on the work of the company.
Types of Companies in the UAE
Company in the Free Economic Zone
In the UAE, there are more than 3 dozen free economic zones (FEZs) in which companies are exempt from taxes. However, such companies must obtain a license that is not cheap. This license must be updated annually. If such a company imports goods into the territory of the FEZ, it does not pay any duties. If a company imports into the territory of the UAE, it will have to pay 5% of the declared value of the imported goods.
Companies in free zones may operate around the world, as well as in the territory of SEZ. Unlike a local company, a legal entity in the free zone can belong to a resident of any country. Another advantage of such a company is that its owner, his family, and some employees can get a "resident visa", which permits living in the UAE.
International Business Company (IBC) in the UAE
In the United Arab Emirates, there are several zones where you can register an offshore company. Such companies can operate anywhere in the world, except for the UAE.
Local companies in the UAE
A company established in the UAE outside the SEZ or offshore zone will be considered a local company. Such legal entities can operate both abroad and in the country of registration without any restrictions. However, the disadvantage of the firms of this type is that at least 51% of their shares should belong to a citizen of the UAE. In addition, such a company must submit reports to the tax authorities.
Restrictions on certain activities for companies.
A company in the UAE cannot do business related to banking, insurance, reinsurance, and financial activities. Such activities require a special license.
Our specialists will kindly help you to register the company in the UAE.