UAE Business Zones
UAE Mainland Business Setup
UAE mainland business offers tax advantages, better connectivity, talented workforce and solid infrastructure. There are various jurisdictions providing mainland company formation across the UAE. Below mentioned are some of the advantages.
Want to set up Mainland Company in the Uae? The first step is to have thorough knowledge about the UAE mainland market! Uae mainland companies are directed by the Department of Economic Development in every Emirate. Also, a series of paperwork and licenses are required for setting up a mainland business in the UAE.
At Comfort Zone we guide you through the obligations of starting a mainland business as well as support you to get the required documentation with the right guidance and governmental connections- Comfort Zone can setup your UAE mainland business in no time!
We assist you with mainland company registration, trade license requirements. PRO services and takes care of your procedures. Comfort Zone also provides you with a reliable local UAE partner, which is mandatory requirement to start your UAE mainland business.
Benefits of having a Main-land Business setup in Dubai
UAE mainland business offers tax advantages, better connectivity, talented workforce and solid infrastructure. There are various jurisdictions providing mainland company formation across the UAE.
Below mentioned are some of the advantages.
Free Zone Business Setup
Comfort Zone assists in UAE Free zones which are attractive jurisdictions for investors who want to have 100% ownership of their businesses. The idea of a “Free Zone” has been established internationally as a model to develop and promote business in many countries. UAE Free zones are offering 100% foreign ownership, Zero tax and customs privileges to company owners. This makes these free zones in UAE the most favorable location in the Middle East for international operations. It is appealing for many to establish Free zone Company in UAE.
Benefits of Setting up the Business in a UAE Free-Zone
The primary gain provided by way of the UAE unfastened zones is that foreign investors can hold 100% of their companies with out the want for a neighborhood companion. outdoor of free zones, non-UAE residents aren’t allowed a majority stake inside the business if that commercial enterprise requires a commercial or commercial license, and need to consequently installation with a local partner who takes a minimal possession of 51%. different financial incentives of the UAE unfastened zones encompass a zero% corporate and income tax rate, no customs duties levied on imports and exports, and the choice to repatriate one hundred% of the earnings from the business. some other issue that can present first rate possibilities to unfastened sector agencies is that a number of the UAE unfastened zones are sector particular. This gives its marketers ready access to a hub of understanding and knowledge from others inside their area.
Benefits That All Free Zones in UAE Offered
- 100% ownership of business
- 100% tax free (now 5% VAT is applied on few free zones)
- Import/Export activities
- 3 years visas for investors, staff and family members
- Greater growth potential due to strategic location
- Well established transport network and road connectivity
- Affordable cost for high quality labor
- 100% repatriation of profits and investments
- independent bank account opening and maintaining
- Warehouse facilities & virtual office facilities
Steps to set up a business enterprise in a UAE freezones
What is Offshore?
First and foremost, it is essential to define the term Offshore. Offshore relates to managing, registering, conducting, or operating in a foreign country, often with financial, legal and tax benefits.
An offshore company has a variety of uses and benefits for clients wishing to engage in international financial trade and investment activities. Depending on the specific offshore jurisdiction, an offshore company may have the following features and advantages: Ease of Incorporation, Minimal Fees, No Foreign Exchange Controls, High Confidentiality, Tax Benefits
Who should use an offshore company?
An offshore company may be of interest to a great number of people, and it may be used for various activities.
Creating an offshore company allows you to begin an activity without having to deal with setting up a complicated infrastructure. An offshore company allows you to quickly create a stable structure with a simple administration and enjoy all the benefits of the offshore jurisdiction.
Commerce over the internet (e-commerce)
Internet traders can use an offshore company to maintain a domain name and to manage internet sites. An offshore company might be ideal for people whose business is on the internet. You might choose to incorporate the registered office of your company in an offshore jurisdiction to take advantage of the various benefits offered by these jurisdictions.
You can also carry on your consultancy or counselling business through an offshore company. You will find it easier to manage your company, while being registered in a stable jurisdiction and benefiting from all the strengths of that jurisdiction.
International commerce can be carried out through an offshore company. It will handle purchases and sales operations. One IBC can also obtain a VAT number for companies that we register in Cyprus or in the United Kingdom.
Holding intellectual property rights
Any kind of intellectual property right (a patent or trademark) may be registered in the name of an offshore company. The company may also buy or sell this type of right. It may also grant rights of use to third parties in return for payments.
For the custody of movable and immovable property
Offshore companies are used to hold both movable property (such as yachts) and immovable property (such as houses and buildings). In addition to confidentiality, the benefits and advantages they offer include exemption from certain types of taxes (e.g. inheritance tax). It should be noted, however, that some countries do not allow the acquisition of movable/immovable property through offshore structures and therefore those wishing to form an offshore structure are advised to check with a competent authority before proceeding.
For inheritance purposes
An offshore firm that always stays afloat (provided all costs associated with running it are paid) may, in some countries, be used as a means of avoiding inheritance-tax laws. With a view to minimising inheritance-tax liability, the offshore structure may also be combined with a trust or a foundation.
Offshore companies are very often used for share dealing or foreign-exchange transactions. The main reasons being the anonymous nature of the transaction (the account can be opened under a company name).
You are free to make international money transfers under your Offshore Company. We wish to make you aware that you ought to liaise with a tax advisor in your country of residence before setting up an offshore company.
Important Factors to keep in mind, before Setting up a Company in Dubai.
There are several factors involved in company formation, so the price and total cost can be different in two companies depending upon the business activity, number of shareholders, cost of office space etc. Comfort Zone makes it easy for you.
Normally it will take 15-20 Days for a normal activity (like Trading, services or consultancy etc.). Sometime there would be extra time required in few business activities for additional approval from concern departments.
Complete documentation must be provided to start the process without any delay like Passport Copies and ID’s of all Shareholders, List of required Trade Names for the Company (names are subject to availability), and List of required Business activities.