Company Incorporation UAE

Starting a business in Dubai is a dream for many ambitious entrepreneurs not just from Asian countries, but even from the West.  Why is it so? From its earliest days, Dubai has been involved in trading. For over six centuries, its creek has provided a safe haven for the merchant vessels laden with goods from Dubai’s traditional trading partners in the Far East, the Indian subcontinent and Africa. In the past, these goods were sold to the camel caravan tribes in the vast desert hinterland. Today, the city is a major re-export centre and the world comes to shop in Dubai. Dubai was also once one of the world’s foremost pearling centers. The emergence of cultured påearls in the 1930’s could well have devastated the economy; however, Dubai with a reputation as a world centre for trading in gold and other precious metals continues to have a thriving economy. Dubai is the second largest of the seven Emirates. The Late Ruler of Dubai, His Highness Sheikh Rashid, together with late His Highness Sheikh Zayed, Former President of the UAE, both were instrumental in forming the federation, which has brought stability and prosperity to the region.

Company Incorporation in UAE

It is not surprising therefore, that entrepreneurs are flocking to setup business in UAE. Each country has certain rules and regulations that are to be followed while starting a new organization. Company Formation in UAE is also subject to several rules and regulations. Mac & Ross as one of the top professional consultancy companies in Dubai, UAE, assists clients to comply with such laws.

There are three types of company set up options available in UAE:

Mainland companies governed by the federal law no 8 of 1984 , as amended by federal law no 13 of 1988.

Type of structure:

  1. Sole establishments
  2. Civil work companies
  3. LLC
  4. Branch of foreign Co
  5. Representative office

Each Free Zone Company is governed by its own regulations and by-laws. It provides opportunity to set up the company with 100% foreign ownership, 100% import and export tax exemptions, 100% repatriation of capital and profit, no corporate and personal income tax and several other benefits.

Some of the free zones are listed as below:

  1. JEBEL ALI FREE ZONE, DUBAI
  2. DUBAI AIRPORT FREE ZONE
  3. DUBAI MULTI COMMODITY CENTRE (DMCC)
  4. DUBAI SILICON OASIS
  5. DUBAI INTERNET CITY
  6. DUBAI MEDIA CITY
  7. DUBAI WORLD CENTRAL
  8. DUBAI MARITIME CITY
  9. DUBAI TEXTILE CITY
  10. DUBAI INTERNATIONAL FINANCIAL CENTRE
  11. DUBAI FLOWER CENTRE
  12. MEYDAN FREE ZONE
  13. DUBAI KNOWLEDGE VILLAGE
  14. DUBAI OUTSOURCE ZONE
  15. DUBAI HEALTHCARE CITY
  16. KHALIFA INDUSTRIAL ZONE ABU DHABI
  17. MASDAR CITY ABU DHABI
  18. MEDIA ZONE AUTHORITY ABU DHABI
  19. ABU DHABI AIRPORT FREE ZONE
  20. SHARJAH AIRPORT INTERNATIONAL FREE ZONE
  21. HAMARIAH FREE ZONE
  22. AJMAN FREE ZONE
  23. UM AL QUAIN FREE ZONE
  24. FUJAIRAH FREE ZONE
  25. RAK TRADE FREE ZONE
  26. RAKIA FREE ZONE

Off Shore Companies are special status nonresident companies formed under various off shore company authorities as per their regulations and byelaws. Offshore companies’ shares may be subscribed by individuals or corporate bodies both residents and non residents of UAE. Such type of companies can be used as special purpose vehicles for commercial investment & owning freehold properties in UAE.

  1. JAFZA OFFSHORE COMPANY
  2. AJMAN OFFSHORE COMPANY
  3. RAK OFFSHORE COMPANY

The key steps involved in setting up a business in a new location may be summarized as follows:

Step – 1: Converting a concept / business idea into a workable proposition

Action involved:

A Pre Feasibility Study to evaluating the business idea / concept within a set of specified constraints and providing a clear path for converting it into a business proposition.

Step – 2: Preparing for the Company Formation

Action required:

A detailed market research and feasibility study to convert the business concept and general information available into a working document to be used for operational reference, approvals and investment.

Step – 3: Incorporating the business entity

Actions involved:

  • Choosing appropriate legal structure of the business
  • Choosing location of the proposed venture
  • Preparing the required documentation for registration of the entity
  • Co-ordination with the relevant regulatory authorities for approvals and obtaining incorporation documents
  • Obtaining office/land for the operations
  • Processing visas, labour cards and other statutory documents
  • Managing the documentation and other regulatory requirements of the new entity till regular operations commence
  • Recruitment of personnel required for the new business

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