Company Formation in Dubai

Why Dubai?

Dubai has become an ultimate destination for those who want to start a booming business. Thanks to its strategic location, stable economy, steady growth, tax-free regime, investor-friendly processes and etc. many consider it as their next location for business setup. Now let’s review some of the key factors that contribute to making Dubai an attractive business destination.

Major Benefits of Starting a Business in Dubai

Zero tax

Investor friendly environment

Steady economy

Supportive government

Availability of skilled human resources

No currency restrictions

Starting A Business in the UAE Free Zones

The UAE has always been famous for being he paradise for business owners and considering low tax, a strategic location, world-class infrastructure, and a lot more it’s not hard to guess why. Other incentives as economic stability, steady growth, larger markets, and the liberal trade regime are also too tempting to pass up. So, if you ever wonder what is better than owning a business in UAE, the answer is 100% ownership of that business is better than everything! And this dream is a reality when it comes to setting up a business in the UAE free zone. Stay with us to find other key advantages offered by the UAE free zones.

A free zone, or free trade zone, is an area with preferential tax and customs rates where goods and services can be traded. The main thought behind creating such zones is to boost international business in the region, therefore, they are generally located in strategic geographical locations. There are currently about 48 free zones situated all over Dubai (25 free zones), Abu Dhabi (7 free zones), Sharjah (5 free zones), Ras Al Khaimah (5 free zones), Fujairah (3 free zones), Ajman (2 free zones), and Umm Al Quwain (1 free zone). This number is constantly on the rise, considering new free zones being declared each year. You can choose your desired free zone as per your convenient location, visa requirements, budget, etc.

Advantages of Setting Up a Business in a Free Zone

100% ownership without needing a local sponsor
100% exemption from personal income tax and capital gain tax
100% repatriation of capital and profits
Zero restriction on currency movements
Single window clearances for administrative services
No visa restrictions for recruitment and easy recruitment procedures
Wide range of business licenses and activities
Easy start-up and licensing procedures

Types of Available Licenses in the UAE Free Zones

When a company is approved for the Free Zone, it is given a license by the respective free zone authority. Below is a list of a few common licenses that can be obtained by applicants in the UAE free zones.

Trade License. This grants companies to practice activities that are related to import and export or distribution of items and goods specified in the license. Ownership can remain 100% foreign.
Service License. This usually works for law firms, accounting firms, and business consultancy firms to carry out specified services.
Industrial License. Grants importing raw materials, manufacturing, and exporting finished products with ownership can remain 100% foreign.
General Trading License. Permits investors to trade in all kinds of products, import, distribute and store as per the free zone’s regulations.
Free Lance Permit. This allows freelancer professionals to conduct their business in their birth name as opposed to their brand name.

Note that companies with Trade or Industrial licenses can only conduct business within the Free Zone or abroad.

Start Your Business in the UAE Mainland for the Best of Benefits

If you are landed here chances are you are thinking of starting a business in UAE. With excellent infrastructure, no taxes, low import duties, simpler visa rules, a business-friendly environment, and a strategic location, the UAE is the mouth-watering option for intelligent investors. In addition to its trade-free zones, UAE also permits companies to operate in the Emirates Mainland. Take a good look at the below before you kick off the process of setting up your business in the UAE.

A mainland company or entity is an onshore company that is licensed by the Department of Economic Development (DED) of its own related emirate. A mainland registered company is permitted to carry out business activities throughout the UAE market, any free zone and even outside UAE without any constraint. This rule applies to entire commercial and/or professional licenses.

Generally speaking, Mainland companies benefit majorly by having access to the local market. Also, one great advantage of Mainland companies versus free zone companies is that they are allowed to take on governmental work, while free zone companies are banned from undertaking government contracts and are only allowed to carry out private commercial work.

Business Set up

The minimum capital prerequisite for a company on the mainland differs considering the legal form of business. A minimum of 200 sq. ft physical office space is compulsory for any mainland company in the UAE. There is no limitation of visas on the mainland license, a residence visa is given depending on the size of the office/ work premises which means that the more office space you have, the higher number of visas you may get. It’s worth noting that outdoor sales staff, PRO, and driver visas do not fall under this condition.

Ownership Structure

According to UAE law for incorporating this type of company, it is mandatory to have a UAE national owning a minimum of 51% shares and the remaining 49% of shares must go to the expat partner in the company. In other words, if you set up your business in the mainland, you will need a UAE national to be your sponsor and own 51% of the shares. However, your sponsor can provide you with a power of attorney and avoid any participation in the processes or profit-sharing.

Offshore Company Formation in UAE

UAE is a country that inspires everyone, it is the business hub of the Middle East, and for sure is an attractive destination for business owners and investors who want to boost their business and immerse themselves in a hassle-free environment for manufacturing, trading, and providing services. World-class infrastructure, outstanding transportation, a skillful workforce, and a tax-free business environment are among many features that are just too good to ignore. So, if you are interested to step in and try your chances in this iconic region, an offshore option can be an alternative for you. Stay with us to find out more.

What is an Offshore Company?

An offshore company- also known as a non-resident company- is an entity owned by individuals or corporate bodies, which does not carry out any substantial business activities in its country of formation. These companies are completely tax-exempt and of course do not need to have any tax obligations and annual accounting reports. The good news is UAE grants you 100% ownership of your offshore company and there is no requirement to share 51% of your company with a local sponsor. Offshore companies can have a bank account, but cannot occupy office space in the UAE.

As these kinds of companies enjoying cost-effective and tax-efficient corporate structure, they are generally more efficient under sectors as (but not limited to):

Shipping company
Holding company
International trading company
International consulting service
Copyright registering

It’s worth mentioning that for many, a Free Zone Company and an Offshore Company are the same due to similarities as free taxation, 100% foreign ownership and the fact that both companies are registered and licensed by Free Zone Authorities. Though offshore companies are structured under free zone they cannot be used as a direct substitute for a free zone company. Offshore companies are set up to operate a business outside their registered jurisdiction and they cannot rent office space in the UAE.

Advantages of Setting up an Offshore Company

100% foreign ownership without needing of local sponsor
Zero taxation
No customs duty for import/export
No minimum capital requirement
Quick and simple set up
Complete anonymity and no need for name registration
Ability to transfer the property
Ability for opening a corporate bank account with leading UAE Banks
No office space requirements

Setting up as a Freelancer in Dubai

Becoming a freelancer is a fast and affordable way to start earning an income from home, also becoming your own boss is too tempting for some to pass up. The entrepreneurial culture and thriving economy of Dubai are among the reason which makes the dream of becoming a freelancer a great option to many creative minds and techies.

Benefits of Becoming a Freelancer in Dubai

Flexibility to work anytime from anywhere
Higher profit, fewer expenses
No need for office space
Going with multiple projects simultaneously

Top Professions to Work for as a Freelancer in UAE

Dubai is all about options and alternatives and deciding on your future career journey is not an exception. There are specific career paths that you’re allowed to freelance in which mainly are media, technology, and education. Some of the UAE’s top freelancing professions are:

Web/mobile/software development
IT and telecommunication networking
Data science and analytics
3D Modelling and computer-aided design (CAD)
Teaching and training
Educational advisor
eLearning advisor
Writing and copywriting
Creative design
Photography
Sales and marketing
Graphics designing
Search engine optimization (SEO) and search engine marketing (SEM)
Branding
Translation and interpretation
Legal services

TERMS AND CONDITIONS POLICY

Welcome to Crypto & Properties

These terms and conditions outline the rules and regulations for using Crypto & Properties's Website.

Crypto & Properties is located at: P.O. Box 283240, Office 504 – 505, Burlington Tower, Business Bay, Dubai, - 283240, United Arab Emirates

By accessing this website we assume you accept these terms and conditions in full. Do not continue to use Crypto & Properties's website, if you do not accept all of the terms and conditions stated on this page.

The following terminology applies to these Terms and Conditions, Privacy Statement and Disclaimer Notice and any or all Agreements: “Client”, “You” and “Your” refers to you, the person accessing this website and accepting the Company’s terms and conditions.

“The Company”, “Ourselves”, “We”, “Our” and “Us”, refers to our Company. “Party”, “Parties”, or “Us”, refers to both the Client and ourselves, or either the Client or ourselves. All terms refer to the offer, acceptance and consideration of payment necessary to undertake the process of our assistance to the Client in the most appropriate manner, whether by formal meetings of a fixed duration or any other means, for the express purpose of meeting the Client’s needs in respect of the provision of the Company’s stated services/products, in accordance with and subject to, prevailing law of United Arab Emirates. Any use of the above terminology or other words in the singular, plural, capitalization, and/or he/she or they, are taken as interchangeable and therefore as referring to the same.

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License

Unless otherwise stated, Crypto & Properties and/or its licensors own the intellectual property rights for all material on Crypto & Properties. All intellectual property rights are reserved. You may view and/or print pages from https://cryptoandproperties.ae/ for your own personal use subject to restrictions set in these terms and conditions.

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Hyperlinking to our Content

The following organizations may link to our Website without prior written approval:

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Online directory distributors when they list us in the directory may link to our Web site in the same manner as they hyperlink to the Web sites of other listed businesses; and Systemwide Accredited Businesses except soliciting non-profit organizations, charity shopping malls, and charity fundraising groups which may not hyperlink to our Web site.

These organizations may link to our home page, to publications or to other Web site information so long as the link:

(a) Is not in any way misleading

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We will approve link requests from these organizations if we determine that:

(a) The link would not reflect unfavorably on us or our accredited businesses (for example, trade associations or other organizations representing inherently suspect types of business, such as work-at-home opportunities, shall not be allowed to link)

(b) The organization does not have an unsatisfactory record with us

(d) Where the link is in the context of general resource information or is otherwise consistent with editorial content in a newsletter or similar product furthering the mission of the organization.

These organizations may link to our home page, to publications or to other Web site information so long as the link:

(A) Is not in any way misleading;

(B) Does not falsely imply sponsorship, endorsement or approval of the linking party and its products or services

If you are among the organizations listed in paragraph 2 above and are interested in linking to our website, you must notify us by sending an e-mail to marketing@micasauae.com.

Please include your name, your organization name, contact information (such as a phone number and/or e-mail address) as well as the URL of your site, a list of any URLs from which you intend to link to our Web site, and a list of the URL(s) on our site to which you would like to link. Allow 2-3 weeks for a response.

Approved organizations may hyperlink to our Web site as follows:

By use of our corporate name; or By use of the uniform resource locator (Web address) being linked to; or By use of any other description of our Web site or material being linked to that makes sense within the context and format of content on the linking party's site.

No use of Crypto & Properties’s logo or other artwork will be allowed for linking absent a trademark license agreement.

Iframes

Without prior approval and express written permission, you may not create frames around our Web pages or use other techniques that alter in any way the visual presentation or appearance of our Web site.

Reservation of Rights

We reserve the right at any time and in its sole discretion to request that you remove all links or any particular link to our Web site. You agree to immediately remove all links to our Web site upon such request. We also reserve the right to amend these terms and conditions and its linking policy at any time. By continuing to link to our Web site, you agree to be bound to and abide by these linking terms and conditions.

Removal of links from our website

If you find any link on our Web site or any linked web site objectionable for any reason, you may contact us about this. We will consider requests to remove links but will have no obligation to do so or to respond directly to you.

Whilst we endeavor to ensure that the information on this website is correct, we do not warrant its completeness or accuracy; nor do we commit to ensuring that the website remains available or that the material on the website is kept up to date.

Content Liability

We shall have no responsibility or liability for any content appearing on your Website. You agree to indemnify and defend us against all claims arising out of or based upon your Website. No link(s) may appear on any page on your Website or within any context containing content or materials that may be interpreted as libelous, obscene or criminal, or which infringes, otherwise violates, or advocates the infringement or other violation of, any third party rights.

Disclaimer

To the maximum extent permitted by applicable law, we exclude all representations, warranties and conditions relating to our website and the use of this website (including, without limitation, any warranties implied by law in respect of satisfactory quality, fitness for purpose and/or the use of reasonable care and skill). Nothing in this disclaimer will:

- limit or exclude our or your liability for death or personal injury resulting from negligence;

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- limit any of our or your liabilities in any way that is not permitted under applicable law; or

- Exclude any of our or your liabilities that may not be excluded under applicable law.

The limitations and exclusions of liability set out in this Section and elsewhere in this disclaimer:

A. Are subject to the preceding paragraph

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Credit & Contact Information

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