Reliable Specialists For Your Company Formation Dubai

8/2/2019 Reliable Specialists For Your Company Formation Dubai

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L I N K SGROUP OF COMPANIES

THE COMPANY FORMATION SPECIALISTS

1

SAFE AND SECURE BUSINESS SETUP IN

DUBAI

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TABLE OF CONTENTS

Company Formation Abu Dhabi: Several Options for

Local and Foreign Investors

3

Dubai Company Formation for Guaranteed BusinessGrowth

5

Company Formation in UAE Guarantees Higher

Income

7

Different Categories of Business Setup in Dubai

9

Simple Guide in Company Formation Qatar

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Company Formation Abu Dhabi: Several Options for

Local and Foreign Investors

Abu Dhabi, the capital of United Arab Emirates, is the largest among the seven emirates.

It is also considered as one of the beautiful cities in the world and the main producer of

oil in the country. The Emirates offer numerous investment opportunities in mostbusiness sectors, especially those import-substituting and export-oriented projects.

Foreign individuals or companies can be involved in company formation Abu Dhabi in

several ways.

Important offices of the federal government are located in Abu Dhabi; it is, after all, the

seat for the United Arab Emirates Government. In the recent years, the city has become

a cosmopolitan area and has undergone rapid development and urbanization. Being the

capital, it is the center of political and industrial activities and a major cultural and

commercial hub. As the richest among UAE cities, its population enjoys a relatively high

average income. Company formation in UAEis continuously increasing as investors find

the country an ideal place for business expansion.

One of the effective strategies of the government in attracting investors from different

parts of the world is to provide attractive investment incentives packages. Similar to
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Dubai company formation, Free Zone offers the following incentives: it is tax-free,

allows 100 % foreign ownership, modern and efficient communication, no currencyrestrictions, the company can be maintained as a confidential entity, a corporate band

account can also be opened.

The principal ways for a foreigner to establish business in the UAE are: as a branch or

representative office of a foreign company; a limited liability company; professional

partnership and Free Zone entity. With the exception of Free Zone entities, a foreign

company must enter into an agreement with a UAE national.

One of the effective aspects of building a company is finding the right people who will

share your dream and possess the same passion in turning your dream into a reality. In

addition, recruiting highly capable individuals to become members of your company

skeletal workforce will open the door to new ideas and perspectives that are vital in

ensuring business success.

Every company in the UAE must be registered and licensed with the UAE Federal

Ministry of Economy and Commerce and with the appropriate authority in Abu Dhabi.

There are requirements in determining minimal

capital contributions, number of shareholders

and directors and the procedures for

incorporation. As a general rule, the

participation of a UAE national in company

formation should be at least 51 %. The business

law also states that some business forms and

structures are not available to foreign investors.
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Dubai Company Formation for Guaranteed Business

Growth

Dubai is a perfect place to conduct business, with its strategic location linking East and

West of the world. With its independent regulations and common law framework for

every kind of business,Dubai company formationis increasing rapidly. The City of Dubai

is the largest trading port in the world, giving investors various business options. Being

an oil-rich country, Dubais economy was built on the oil produce of the city. Today, its

economy is on the rise because of business revenues like tourism, real estate and

financial services.

The city is also known for its innovative construction projects. In fact, there are

numerous world-class hotels and malls around the area. International sporting events

are also a major tourist attraction. In order to attract even more foreign investors, the

government has set up industry-specific zones throughout the city. This is considered as

Dubais greatest economic achievement - duly proven by the invaluable increase in
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business enterprises that are now operating in the city, and the number is still expected

to soar.

With its present economic status, Dubai is the second wealthiest emirate in the UAE,

after Abu Dhabi. With these already stable economies, the added push that company

formation Abu Dhabiand Dubai both arrange for foreign investors is simply brilliant.

There are many types of company formation in UAE such as general partnership

company, limited partnership, public share holding company, joint venture, sole

proprietorship firm to practice a profession and much more. It is advantageous to set

up a business in Dubai because companies operating within its free zones are not

subject to numerous restrictions imposed by the Companies Law and other UAE laws

and regulations.

If you have plans of opening a company in Dubai, there are several options. The type of

your business will dictate whether a Free Zone or local LLC (LTD Liability Company) will

be used. At present, there are over 10 Free Zones in UAE which offer the following

incentives to the investors: 100% foreign ownership, no corporate taxation for 50 years,

freedom to repatriate capital and income in totality, full exemption from import duties,

no personal income tax, no recruitment problems and no currency restrictions.

In an attempt to promote the service industry, a variety of incentives and supportive

corporate structures have been devised. The city prides world-class communications

infrastructure and advances in technological information. The various free zones have

been developed to provide services needed by entrepreneurs to encourage investment,

and the plan seems to be working really good.

The government continues to exert efforts to maintain the economy in a favorable level.

It has made necessary changes in principles and rules in order to make it more

comfortable for capitalists to settle in Dubai for as long as they want. With the

numerous amenities and a modest crime rate, Dubai is, indeed, a place for business

progress.
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Company Formation in UAE Guarantees Higher

Income

In todays competitive business world, the United Arab Emirates has been (and

continues to be) at the forefront of successful business ventures. Innovative

infrastructure and world-class road, air and sea connectivity are the main factors in the

unprecedented popularity of this country as one of the worlds most dynamic financial

capitals. UAE is known for its spectacular architectural designs and extremely tall

buildings. However, it should be taken into account that the commitment and

confidence of the people in this region played a vital role in making UAE what it is today.

The economic scenario of UAE has advanced in such a short span of nearly just a decade

and has thus gained the privilege of being a perfect global hub for business. With the

number of Free Zones increasing day-by-day, company formation in UAE is indeed awelcome option for foreign capitalists. The Free Zones are instrumental in augmenting

the economy. This increase in revenue was realized by providing optimum structure for

a safe and stable business environment for foreign businessmen. Today, UAE is home to

around 40,000 companies offering diverse products and services.
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The Jebel Ali Free Zone (JAFRA) located at the far western of Dubai being the first free

zone in the country, has created a benchmark for regulations and incentives in order toattract global investors. The phenomenal growth of JAFRA has served as an inspiration

to the other offshore centers in the Emirates. Company formation Abu Dhabi is also

offering offshore centers for people who are keen on conducting business in this capital

state.

Being the leading business center in the Middle East, UAE focuses on long-term

customer relationships and fosters alliances with investors worldwide. Company

formation in UAEwill find the benefit of huge business opportunities from a potential

market in the Middle East region. You may find products being offered like office units,industrial units, warehouses and land made available for long term lease. These land

sites may be used for variety of purpose-built facilities. Other value-added products

offered to those who plan to embark on a Dubai company formation venture include

business centers, world-class hotels for visitors and customized build-to-suit options.

The United Arab Emirates provides an ideal business climate where you can pursue your

ambitions. With these recent developments, there are a lot of opportunities to grow

your enterprise to a remarkable degree. The country has a vibrant networking

atmosphere that can benefit your line of business. You have the chance to establish

new business relationships and experience favorable circumstances that will challenge

you to achieve higher income for your company.
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Different Categories of Business Setup in Dubai

From its earliest days, the City of Dubai has always been involved in trading. Its strategic

location has rendered it a haven for merchant vessels laden with goods for traditional tradingpurposes. Today, Dubai is known for the excellent business environment it offers. Liberal rules

and regulations for conducting business is the main attraction for foreign investors.

International entities who seek business setup in Dubai have several options. Aside from

trading, several companies prefer setting up an office in Dubai to deal directly with customers

and further expand their area of operations.

There are a number of ways forDubai company formation, depending upon the function to be

carried out. The business law stipulates that for every foreigner who wants for abusiness setup

in Dubai, he needs a sponsor that is, unless he conducts his business in the Free Zone. The

sponsor must be a citizen of UAE. It is an established mandate that a total of local equity must

reach not less than 51% in any commercial company. There are six categories of company

formation in UAE:

1. A General Partnership Company is a firm that consists of two or more partners who are

jointly responsible for all the firms liabilities. This type is limited to UAE nationals only
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because partners are responsible for the liabilities of the firm by their assets, which may not be

applied to foreigners since their assets are usually abroad.

2. Joint Venture is a contractual agreement between a local party and a foreign party who

are both licensed to conduct business. The partners agree by contract to share the profits or

losses of one or more commercial enterprises, which will be carried on in the name of one of

the partners. This type of company formation is suitable for companies working together on

specific projects.

3. Limited Liability Company this is the most common type of company integration. This

type allows for partnership between a foreigner and a national. Non-national partners are

entitled to not more than 49% of the capital and the remaining 51% is for the local partners.The share capital must be fully paid up and deposited with a local bank. Despite the split in

shareholdings, partners may agree to divide profits in different ratio, considering the efforts of

the foreign partner in management, provision of expertise or needed technology.

4. Public and private shareholding company. Companies engaging in banking, insurance or

any financial activity should be run as public shareholding company whereas foreign banks,

insurance and financial companies can have abusiness setup in Dubaiby opening a branch or

representative office.

5. Branches and Representative Offices ofForeign Commercial Company may be 100%

owned by a foreigner, provided a local agent is

appointed.

6. Free Zone registration - there is no

national shareholding requirement and there are

numerous incentives for the foreign investor.
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Simple Guide in Company Formation Qatar

Qatar is a peninsula in the east of Arabia. In terms of per capita, Qatar is the wealthiest country

in the world, with substantial oil and gas reserves. The emirate has excellent infrastructure

system and free market economic policies. For interested investors, Qatar offers a mature and

sophisticated banking environment. The economy of Qatar has been consistently growing in

the recent years. This can be attributed to the Foreign Investment Law of 2000 allowing up to

100% foreign ownership in the sectors of health, agriculture, manufacturing, education and

tourism. In terms of Company formation Qatar can offer a number of incentives, including

freedom to repatriate all profit to the investors country of origin.

For prospective investors, Qatar offers a highly developed economy, great infrastructure and

services that are at par with the highest international standards. The governments economic

strategy has been very effective and the investment incentives, banking services, insurance,

political and social stability are key factors in creating an excellent business environment for

investors.

Like the company formation Qatar offers interested businessmen with outstanding benefits

such as no income tax or social security deductions payable on wages and salaries, no tax on

exports, state-of-the-art telecommunication facilities, top international exhibitions and

conference venues, luxury hotels and many more.
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Under the Qatari Laws, a total local equity of not less than 51% in any commercial company

must be maintained. This arrangement is similar to that ofDubai company formationtrade-off.

The law also sets out requirements in terms of shareholders, directors, incorporation

procedures and minimum share capital.

The Qatari Laws stipulate a total local equity of not less than 51% in any commercial company

and defines seven categories of business organization, which can be established in Qatar with

the exception of those categories mentioned in Law 13 of 2000 and Law 1 of 2010. For those

who want to start their business in Qatar the following are the steps in registering a company:

1. Having a Qatari national as partner, preparing for and following-up of required

documentation at the Ministry of Business and Trade.

2. Obtaining approval of the name of your company,

followed by activity approval.

3. For smooth processing of registration, you must

open a bank account where you will deposit your share

capital. The minimum share capital is QAR 200,000.

4. Preparing and processing documents at the

different government offices.

5. Once the company has been integrated and the

Commercial Registration is issued, the share capital can

now be released to the companys director or the

manager, to be used for running the business.
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Reliable Specialists For Your Company Formation Dubai