United Arab Emirates (Dubai)

We cater the needs of businesses, industries and individuals who require the registration of their companies in the UAE. We work very closely with the Offshore, Free Zones and Local Authorities directly. We also provide all services related to company formations, renewals, obtaining UAE residential visas, assistance in bank account opening, accounting and all other admin and management tasks.

There are several types of companies in UAE: Offshore company (as BVI company), free zone company (onshore company), local company (non free hold). There are more than 100 free zones in UAE, which suits to customer’s different requests and needs. We are assisting our clients to find a tailor made offers with value added deals.

For exact activity, chosen by the client, there should be issued under one license which can combine 2-6 activities of one category. UAE licenses are of different categories: commercial/trading, service, industrial. Client can obtain several licenses at the same time. The license should be renewed on annual basis. Also we are ready to assist our clients with preparation of documentation and special licenses and submission applications to the ministries and government departments to succeed the goal of the client.

Here below we are mentioning advantages and differences of 2 types of companies for registration which are most popular with foreign clients.

Free zone companies can conduct business outside and inside UAE free zone-the cost of formation depends on exact activity of the company and resident visa quantity, prices starts from 10 000 USD for company formation and bank account, fees for obtaining one UAE residential visa starts from 3000 USD, including all expenses.

– Company can open branch, subsidiary company or limited liability company
– Company will have license depending on selected activity of the client – trading/ industrial/ commercial/ consultancy/ service
– Company will have virtual desk or actual office at the selected free-zone
– Company can hold an account in a bank in the UAE as a current account- UAE Short Terms Investment Account (which will be used for business transactions or as saving account). It is possible to obtaining debit card in local currency and Internet Banking. Depending on turnover and account package a client should maintain balance on each account (the amount depends on selected package). For example, Standard bank account without support of Relationship manager – USD 3,000. Elite Banking with Relationship Manager and special conversion rates and other benefits – USD 42,000.00
– Possibility to get UAE residential or employment visas for investor and employees and dependents visa for wife and kids
– 100% foreign ownership & repatriation of funds with no currency restrictions
– 0% Corporate and Personal Tax rate
– Total exemption from all import and export duties in free zone. For bringing goods outside free zone to UAE custom tax of 5% will apply and other government fees, payment of duties is subject to the sale and purchase agreement between buyer and supplier
– Company Formation timeframe depends on the selected free zone, terms of from 2 working days to 1 month, financial and more difficult licenses can take from 5-6 months
– Port, cargo, land transportation facilities
– No restriction on hiring of 100% expatriate workers and economical wage structure
– The owner can get corporate and individual tax residency certificate in 6 months after issuing of his residential visa
– Company can receive import/export code and be registered in Chamber of Commerce
– There is no open registry, the information on shareholder can be provided only by request of UAE court or UAE government

RAK International Company – Offshore company

The Company Formation fees with bank account opening and sending set of corporate documents to the country of the client is 3,000 USD. Annual renewal fees are 2,000 USD and 300 USD for Certificate of Good Standing will apply in case if a company has bank account in UAE
Offshore company:
– Subsidiary or limited liability company with multiple activities of the company
– Is allowed to carry on business only outside UAE
– Company formation takes 4-5 working days, for opening bank account the authorized signatory is required to come to UAE
– License can combine many types of activities
– Company will have Registered Agent’s address and P.O.Box
– There is no open registry, the information on shareholder can be provided only by request of UAE court or UAE government
– 0% taxes
– Company can hold an account in a bank in the UAE as a current account- UAE Short Terms Investment Account (which will be used for business transactions or as saving account). It is possible to obtaining debit card in local currency and Internet Banking. Depending on turnover and account package a client should maintain balance on each account (the amount depends on selected package). For example, Standard bank account without support of Relationship manager – USD 3,000. Elite Banking with Relationship Manager and special conversion rates and other benefits – USD 42,000.00
– Company can’t receive import/export code, obtain residential visas for the shareholder, make financial transactions between UAE offshore and onshore company, import/export to UAE and trading in UAE.