Dubai is probably the most famous among the seven ‘Emirates’ on the Persian Gulf. One glance at the map of Dubai is sufficient to reveal its strategic location in the Middle East on the Gulf of Persia, which earlier had the dubious distinction of being the ‘Pirate Coast’ through the 16th century. This region is now known as the United Arab Emirates or simply U.A.E. for short, which is flanked by Saudi Arabia and Oman and comprises of seven emirates namely. The immense wealth that this country has garnered thanks to its rich oil fields has helped convert this desert land into a flourishing economy with ample scope for prosperous investments in recent times. Dubai is different from other members of the U.A.E. in terms of the turn over from the crude oil exports accounting to only a negligible percentage of its gross domestic product (GDP); the bigger chunk of its revenues are from the free trade zones that it is famous for and also from a huge influx of tourists at shopping festivals and other publicized events.
How much does it cost to form a company in Dubai or in the UAE ?
For UAE companies like LLC or Branch no quotation or fixed price can be published online. Each project needs a consultation and research in order to identify the license type, the Governement fees and the requirements. Only then a quotation can be sent. We require any seriously motivated person or company to start with our EUR 149.00 consultation service in order to get this first batch of information about any project of LLC or Branch company formation in the UAE and Dubai.
Only for Dubai Offshore companies we can give public fixed prices and fees as follows:
- Dubai Offshore company formation package: Starts from EUR 4999.00 (click on Buy Now for details)
- Dubai Offshore Annual Renewal Fees Package: EUR 1799.00 (includes Government fees, Registered Address and annual Lawyer fees)
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Why set up an offshore division at Dubai:
While the opinion of the native ‘Emiratis’ remains divided on the issue of economic liberalization, both the conservative onshore businesses as well as the recently implemented offshore enterprises continue to coexist peacefully. Dubai authorities have been quick to recognize the immense potential of incorporating free trade zones as excellent sources of revenue and this is precisely what has lead to their rather quick rise as one of the most stable and prosperous economies of the world. The Jebel Ali Free Zone in Dubai was built in the mid 1980’s with this sole purpose in mind, and is a veritable haven for offshore investors; others in this category are the Dubai Internet City, Dubai Investment Park, Dubai Airport Free Zone, Dubai International Finance Centre and Dubai Media City. All that is required is to obtain a valid lease on any or each of the 5 license types.
Advantages of a Dubai company in the United Arab Emirates:
A summary of the benefits of establishing a company in Dubai is as follows
Regulatory:
- Hassle free legal and documentation procedures
- Free zone offshore companies are exempted from legal aspects pertaining to onshore counterparts
- Single point regulatory body - Free zone authorities are the single point of contact for all matters related to licensing and other regulations
- Nominal registration fees (as low as 5,000 Dirham currently)
- 100% foreign ownership of the company and customs privileges
- Tax free import and re-export on most commodities
- 100% allowance for repatriation of all profits and gains
- Corporate tax free operations for 15 to 50 years (renewable)
- Free foreign manpower recruitment policy
- No currency restrictions
- Ongoing administrative assistance from the free zone authorities
- Attractive Tax Regime
- DOC’s or Dubai Offshore Companies are exempted from taxes on profit, capital gains or anything else.
- Personal income tax exemptions
- No Tax on offshore companies except oil companies and banks
- Liberal immigration regulations for offshore professionals
- No exchange controls
Confidentiality:
- High Degree of Confidentiality due to absence of Taxation department
- No Disclosure of Beneficial Owner
- Offshore companies / owners allowed to operate confidential bank accounts in Dubai
Infrastructure:
- Duty Free Status
- Low Operating Cost Environment
- Strategic Location and well equipped port (easy access to India, North Africa and the rest of Middle East)
- Hi-tech Infrastructure facilities (including medical, transport and high speed, high bandwidth telecommunications)
- High skill low cost professional support available for offshore development
- Political stability
- Full support and commitment from the Government
How Esmology will help you with setting up an offshore business unit at Dubai:
Esmology group has strong local partners and vast experience in incorporating a Dubai company for our clients; our range of services includes bank account opening and financial services such as accounting, auditing along with consultancy services on just any aspect related to your offshore business set up and operation. Please feel free to get in touch with us for any clarification that you may require - simply click the link below to fill up our brief order form and we shall get back to you at the earliest. We look forward to be of service to you!
How does it work for Dubai company formation ?
In Dubai there are 2 types of companies that we can incorporation for you :
- Limited Liability Company (LLC):
For this type of company it is not possible to do it online without you coming to Dubai. The LLC companies being a bit more complicated to incorporation, and the right choice of the business license and the offshore zone, will necessitate that you come to Dubai and meet with our adviser/lawyer to better identify your needs. A 5 days stay in Dubai might be required to go through all the process of setting up a new LLC company in one of Dubai’s free zones. No advice nor information will be given through internet exept from taking an appointment for your for the time you come to Dubai to meet us. A telephone consultation or email consultation maybe be ordered to have a first legal advice on your project, in that case please contact us.
- Free Zone Company / Offshore Status/ (FZCO):
The offshore type of company is much more simple to form. We can do everything through internet and postmails.
However, compared to other offshore countries Dubai require some specific steps in order to form your company without coming to Dubai. You will need to print and sign and then notarize a Power of Attorney (POA) and get it apostiled by the U.A.E embassy of your country. Once you have this Legalized POA you will have to send it back to us by postmail so that we can incorporate the offshore Dubai company on your behalf.
If you do not wish to go through this step of POA Legalization we have 2 alternatives:- You can come to Dubai to sign the POA and other documents, a 3 to 5 days stay will be necessary.
- Or we form a UK or US company for you and we appoint one of our staff to be Nominee Director. And our No nominee director will go and get the POA legalized by the U.A.E Embassy in UK or US and send it back to our Dubai office. This way you will have an additional holding company in UK or US that will own your Dubai entity and you will not need to the a legalized POA yourself.
Bank account for an Offshore Dubai company:
It is almost impossible to open a bank account in Dubai for a non Emirate resident. Thus we are offering the opening of a Business Offshore account in many of our Offshore International partner banks. From the order from you will be ale to select the type of bank account you wish to have for your Offshore Dubai company.
How to order :
Please note that this online order form is only for OFFSHORE Dubai company (no employees in Emirates, no offices in Emirates and no sales in Emirates).
If you are ready to order you Offshore Dubai company please fill up the form here under and proceed to the order and payment. Once of our representative will be in touch with you withing 24 to 48 hours.
Payment Method Accepted:
Please note that for Dubai company orders we only accept payments by Bank Transfer.
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