The UAE offers 3 different styles of
operating environments for companies to conduct business.
"On-Shore ( Main Land )" companies
are normally used to trade within the local UAE market. There are serval types
of On-Shore companies which can be incorporated.
"On Shore (Free-Zone)" companies
may be 100% owned by expatriates (no need for a UAE national partner). Business
can be conducted within the UAE with some restrictions.
"Off-Shore" companies
may be 100% owned by expatriates. Often used as asset, property or holding
companies for other businesses inside or outside the UAE.
1-On-Shore Companies:
The legal framework for corporations within the UAE offers
several distinct styles of On-Shore corporate entities to be established. Each
may then be duly licensed to conduct trade within the Emirate for which they
are incorporated.
There are 3 main styles of On-Shore
corporate entities:
A-Commercial Company (LLC)
By law, an LLC must have a majority of its shares owned by a
UAE National For an expatriate then, an LLC company is actually a
"joint-venture" between the UAE National and the expatriate
partner(s). The expatriate may act as the company manager and run its
day-to-day affairs.
B-Professional License
Analogous to a Sole-Trader or Partnership company in other
countries, a Professional License allows the applicant(s) to create a company
partnership provided that the partner(s) can demonstrate their formal
professional qualifications as suitable to hold the professional license
C-Industrial Lisence
Industrial
licenses issues to companies involved in manufacturing or any type of
industrial activity.
2-Free-Zone Companies
The concept of a "Free
Zone" or "Special Economic Region" has been developed
internationally as a model to help develop and promote business in many
countries.
The UAE (and Dubai in particular) originally established
Free-Zones to attract trade and export companies, with a high degree of
success. Many new Free-Zones have since been added within the UAE.
There are 2 main types of Free-Zone corporate entities,
namely;
Free-Zone
Establishment (FZE)
and
Free-Zone Company
(FZCO or FZ-LLC)
Key benefits of incorporation within a Free-Zone are:
·
100% ownership by Expatriates
·
No currency restrictions
·
All capital and profits may be repatriated
·
No corporate, personal or capital gains tax
·
Excellent infrastructure & communications
·
Wide variety of labour readily available
·
Residency visas available
3-Off Shore Companies
An innovation of the Free-Zone
authorities, the concept of an "Off-Shore" company in the UAE is a
flexible corporate entity which allows for the a mixture of On-Shore and
Off-Shore features.
Key benefits of the Off-Shore Company are:
·
Short set-up time
·
No requirement for an office in Free-Zone
·
100% ownership by Expatriates
·
No currency restrictions
·
All income and profits may be repatriated
·
No corporate, personal or capital gains tax
We are pleased to
introduce Adam Consulting, largest mid cap global Corporate Services Provider
and Corporate Advisory firm with broad range of expertise in Business Startup,
Offshore Banking and Company Formation, Accounting, Book Keeping, Intellectual
Property, and Wealth Preservation. We currently work with firms who want to expand
globally and act as corporate business advisors for many SMEs worldwide. We
specialize in formation of Trading LLC, General Trading, Free Zone companies’
formation, offshore companies formation, Professional & industrial
Licenses. ADAM Consulting is the only ISO Certified Registered Agents of all
three offshore jurisdictions i.e. RAKIA, RAKFTZ and Jebel Ali Free Zone (Dubai)
in United Arab Emirates to register offshore companies and assist in opening
bank accounts.
Our
Services include -
·
Business Plans
·
Feasibility
Studies
·
Foreign Market
Entry
·
Company
Formation (Free Zone and Mainland)
·
Offshore
company incorporation/Offshore Bank account opening
·
Family Offices
·
Wills &
Succession Planning.
·
Bookkeeping
& Payroll Services.
·
Budgeting and
Cash Flow Development.
- Gov. Services Advisors (P.R.O
Services ) Visas, Trade license renewal, New Trade license etc.
- Branch Office incorporation
- Intellectual Property
- IT Solutions
- Hospitality & Leisure
- Trade Facilitation
- Enterprise development, growth
strategies, financial modeling, project finance, accounts, assurance,
corporate legal and other services.
- Industrial and project
consultancy.
SUNIL SINGH
Business Consultant |Adam Global. Dubai (UAE).
Mobile: +971 50 457 4052
Email: sunil@adamglobal.com
2A | Ground Floor | Gold & Diamond Park|Dubai.
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