Helpline Group of companies professional assistance in registering a company in UAE and other emirates in the Middle East will give a better guideline . Company Registration and Incorporation process can be simplified and processed at the maximum pace with Helpline groups of companies.
The UAE comprises seven member states: Abu Dhabi (the capital), Dubai, Sharjah, Ajman, Umm Al Qaiwain, Ras Al Khaimah and Fujairah. Dubai considered as the second largest Emirate and is situated on the banks of the Dubai Creek, a natural inlet from the Gulf that divides the city into the Deira district to its north, and Bur Dubai on its south. Dubai ranks as the UAE’s most important port and commercial center.
The Supreme Council of the UAE, comprising the rulers of the seven Emirates is the highest federal authority. It is responsible for general policy matters involving communications, education, defense, foreign affairs and development and for ratifying federal laws. It has become a member of the United Nations and the Arab league in 1971. UAE is a member of the International Monetary Fund, the Organization of Petroleum Exporting Countries, World Trade Organization and other international and Arab organizations.
The official language is Arabic in UAE, although English, Urdu and Hindi are widely spoken. Arabic and English are the official business languages. The non-oil sector of the economy currently contributes some 80% of the total produced domestic products of Dubai. It has a long trading tradition , earned Dubai the reputation within the Middle East as the ‘City of Merchants’ and this remains an important consideration for foreign companies looking at opportunities in the region today.
United Arab Emirates has concluded advantageous tax treaties with China, Czech Republic, Egypt, Finland, France, Germany, India, Indonesia, Italy, Malaysia, Netherlands (air transport), Pakistan, Poland, Romania, Singapore, Sri Lanka, Switzerland , UK.
There are a number of different ways of creating a business set up in Dubai, depending upon the function to be carried out. A LLC is the most common way of registering in Dubai and is recommended where the purpose of the entity is to make sales within the region. 100% foreign ownership of such an entity is not permitted in UAE.
The Role of Helpline group of companies to set up business in UAE
Helpline group of companies offers our clients a complete range of Offshore Company Formation Services through Company Incorporation Division all over UAE including Dubai Company Formation.Extensive experience of local business, good working knowledge about the rules and regulations of UAE and a high level of personal involvement are our main strengths. Help line group of companies will provide assistance in the formation of Limited Liability Company, Free Zone Enterprises, Branch of foreign companies, online company formations etc.
Company formation in UAE Procedure
There are a number of different ways of creating an establishment in UAE, depending upon the function to be carried out. A Limited Liability Company is the most common way of registering in UAE and is recommended where the purpose of the entity is to make sales within the region. It should be noted, however, that 100% foreign ownership of such an entity is not permitted. A professional license will enable the provision of professional services, while a branch or representative office will be suitable where there is no requirement to actually conduct sales or manufacturing, only to provide information and negotiate sales.
The Federal Law stipulates a total local equity of not less than 51% in any commercial company and defines seven categories of business organization, which can be established in the UAE. It sets out the requirements in terms of shareholders, directors, minimum capital levels and incorporation procedures. The seven categories of business organization defined by the Law are:
This is types of companies allows UAE citizens only. a company concluded between two or more parties to share the profits or losses of one or more commercial businesses being performed by one of the partners in his personal name comes under the title of partnership companies.
It is a contractual agreement between a foreign party and a local party licensed to engage their business. The local equity participation in the joint venture must be at least 51%, but the profit and loss distribution can be mutually agreed on terms.
Public sharing companies
It is a type of company whose capital is divided into equal value negotiable shares. A PJSC is required to have a chairman who must be a UAE national.The majority of the board of directors is required to be UAE Citizens.
Private sharing companies
The minimum capital requirement is Dh. 2 million for private sharing companies. The shares of a private joint stock company cannot be offered to the public sector. Founder member maximum limited to three.
Limited Liability Company (LLC)
Limited Liability Company is a type of company where the number of partners may not 50%.This type of company allows for a joint venture between national and Non-national partners. Non- National people are allowed to hold only 49% of the share.51 % are allowed to nationals.The law provides that the minimum share capital required is different in the emirates of UAE. Share capital must be fully paid up and deposited with a local bank. The shares of such companies are not open for subscription by the public sector . Despite the split in share holdings, profits may be divided in other ratios agreed upon taking into consideration efforts of non national partners in management, provision of technology or expertise. The expatriate partner may undertake management of the company in UAE.
Branches and representative offices of foreign commercial companies.
The Commercial Companies Law also covers the formation and regulation of branches and representative offices of foreign companies in the UAE and stipulates that they may be 100% foreign owned, provided a local agent is appointed.
There are some Some of the businesses require approval from ministries like banks and financial institutions from the Central Bank of the UAE, manufacturing from the Ministry of Finance and Industry, and pharmaceutical and medical products from the Ministry of Health, a branch of foreign company from the ministry of Economy and Commerce.
Free Zone Registrations in Dubai and other Emirates.
The UAE now boasts many free zones : Jebel Ali Free Zone, Dubai International Airport Free Zone, Dubai Internet City, Dubai Media City, Sharjah Airport International Free Zone, Ajman Free Zone and Ras Al Khaimah Free Trade Zone. The main attraction of establishing an entity in one of the free zones is that there is no UAE national shareholding requirement.
A common procedure is to register a branch of an offshore company, but it is also possible to incorporate a Free Zone Establishment. In all cases the following benefits apply:
Please note new free zones are being created and some of the existing free zones are reaching capacity. Please contact the office for free zone specific information.
There is no corporate tax or personal tax in the United Arab Emirates. The only exceptions to this are oil producing companies and branches of foreign banks are required to play corporate tax. There is no taxes like indirect tax, individual tax, withholding taxes, capital gains tax, provision tax and no tax on dividends or any other income . The UAE has more that 30 tax treaties.municipal taxes,customs duties and inheritance are considered as another type of Taxes.
If you are having intention to start a business in UAE you need to find a location. Our extensive knowledge of the local Real Estate market adds strength to our quest for the ideal property to suit the expectations of our clients. With the Helpline group of the company’s clients are assured of roaring in the real estate wave of Qatar. You can come to our office or dial to the toll free number for any kind of business set up.