Wednesday, April 25, 2018

Set-Up UAE Company

societa eauThe United Arab Emirates - UAE and in particular Dubai offer one of the congenial business in UEA system of the world, thus becoming a place of great attraction (in some case Abu Dhabi is the best city or Emirate, as well).

- Why should I set up a company in the United Arab Emirates - UAE?
- Why should I set up a company in Dubai?
- Why should I set up a company in Abu Dhabi?

The United Arab Emirates – UAE is a safe Country having, on one hand, strategic geographical location, political stability and investor-friendly legislation and on the other hand, a high level of safety and personal protection, developed and modern infrastructure and considerable business opportunities.

To be present in the UAE can get you significant commercial benefits throughout the basin of the Middle East.

Local businessmen and the Arab world in general prefer to deal with someone face-to-face, working in the territory: "The relationships of a personal nature, in the United Arab Emirates and the Arab world in general, are still much more important than they are in Europe or in America.".

The enterprise system of the United Arab Emirates - UAE supports and meets the need of any company wishing to do business internationally.

Anyone wishing to set up a company in the United Arab Emirates - UAE can enjoy a range of tax breaks, as it is a zero-taxation Country. Moreover, the UAE has signed a number of agreements/conventions and bilateral treaties with other Countries, so that companies may avoid the phenomenon of double taxation.

You can rely on BBC-LLP to establish a company in the United Arab Emirates – UAE , as you may:

In order to establish a company in the United Arab Emirates and/or to establish a company in Dubai and/or Abu Dhabi which can work on the territory, the legislation requires, in force of some case, or local agent UAE, or the company team to employ a local subject and/or legal body that owns its residence in the United Arab Emirates and who owns at least 51% of shares -sponsor in the UAE (but some exceptions). Furthermore, in order to carry on its business, the company needs a license (commercial, industrial, professional and sometimes specific licenses when they are required by law or by particular regulations by a Free Zone company).

Although an Off-shore company in the UAE is subject to certain rules and regulations but a few exceptions, it does not need to own a working license and the presence in the structure of a UAE citizen. In fact, any Off-Shore company in the UAE may be totally foreign-owned and with fully foreign capital, as it does not have business in the territory.

BBC-LLP offers its Customer "Warranty & Support" in the field of corporate establishment in the UAE, with regard to:

  • Establish a LLC – Set up an On-Shore company in the EAU: – it means to have a local sponsor or a local subject and/or legal body that owns a residence in the United Arab Emirates (BBC-LLP offers a specific Service: Local agents in UAE – Sponsor UAE) as part of the company. In addition to a LLC, i.e. a limited liability company, On-shore companies in the UAE can also be: partnership companies - GPC, Joint Venture - JV, public joint stock companies and private stock companies - PJSC & PSC and branch/representative office in the UAE - BROC
  • Establish a LIMITED and/or LTD – Set up an Off-Shore company in the EAU: it means doing business outside the UAE territory, too, with no territorial limitation, although holding a bank account in the United Arab Emirates and/or Dubai and/or Abu Dhabi which is joined to the company.
  • Establish a Free Zone company – Set up a Free Zone company in the EAU: it means choosing the special status area (Free Zone) which can be the most appropriate one in relation to the type of activity that one should lead. Such companies may hold a bank account in the United Arab Emirates and/or Dubai which is joined to the company and, depending on their kind of business, they may/may not have a local sponsor within the team - i.e. a local subject and/or legal body that owns a residence in the United Arab Emirates.

Both in the case of On-shore company in the UAE and Free Zone company in the UAE, you can incorporate and apply for a "Residence Permit in the UAE" – Residence Visa in the UAE .

The activities of BBC-LLP is not only about incorporation of a company, but it also extends to the provision of Services of various kind, including the Service of:

- Opening Bank Accounts in the UAE: Introduction of subjetcs and/or legal bodies - defined as start up companies and/or already working ones - to leading banks in the Country. Please, read section "Open a Bank Account in the UAE" for further info.

- Anonymity of Shareholders and Director: as part of incorporation of Off-shore companies in the UAE, to ensure greater confidentiality, BBC-LLP offers its Customers this Service.

- Residence Permit in the UAE: Any residence permit in the United Arab Emirates is always temporary. In the United Arab Emirates does not issue a permanent residence permit, in fact it is always connected to the Resident Visa in the UAE. Please, read section Residence Permit in the UAE for further info.

Each Emirate has its competent Authorities and each Free Zone benefits from its rules (which sometimes go against the law in force in the Country). Preventive advice is a must in order to plan with awareness and knowledge in the UAE. If you then want to ensure success and the fulfillment of an business task, we should recommend the draft of a "Feasibility Study for Business Set up".

BBC-LLP offers a first advice for free-First Meeting*.

More details regarding the emirate market: http://www.unitedarabemirates-uae.com 

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LONDON - UK - W8 4DB 

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