The United Arab Emirates has achieved remarkable development across a wide range of different industries to become one of the most attractive business centers in the world. Being a tax-free environment, investors find a favorable choice of legal forms under which they are able to carry out their business activities and enjoy tax-free profit revenue with no capital repatriation restrictions.
The UAE offers incoming business with all the advantages of a highly developed economy, and with opportunities booming in the world of business today, International Companies seeking to establish a business in Dubai, have a host of alternatives.
Business in the Mainland
UAE main land consist of all business entities which are directly registered under each of the seven emirates’ government and its authorities with the limitation of demarcated geographical areas in which commercial activities can be undertaken.
Business in the Free Zones
A free zone is one or more special areas of a country where some normal trade barriers such as tariffs and quotas are eliminated and bureaucratic requirements are lowered in hopes of attracting new business and foreign investments. It is a region where a group of countries has agreed to reduce or eliminate trade barriers.
Business as Offshore Setup
Incorporation of an offshore company (or non-resident company) can be used for various purposes which include setting up of an offshore company as a holding company to hold interests in other companies in various jurisdictions, to hold trademarks, copyrights and other intellectual property rights, as well as to serve as the holding company for licensing of franchises. The income from taxable jurisdiction flowing to the offshore company (holding company) is not taxable.
Forming a new company and setting up a new business are two crucial functions. We at Nair & Nelliyatt Chartered Accountants provide comprehensible incorporation services to clients by understanding the specific needs of each client and carefully assessing the options available to recommend the best suited type of entity in the most convenient and economic location so as to achieve a definite cost benefit advantage for the client.
We along with our associates have the relevant expertise for formation of entities in the Emirates and in various free zones.
We also help in setting up branches and representative offices for foreign companies in the UAE.
Business set up requires expertise as there are several procedures and approvals that needs to be addressed. These services are made available by our expert team who handle company formation and related services with high level of competence.
We assist in registration of international offshore companies in the major offshore jurisdictions.