Foreign investors can choose to register their company in the mainland (onshore), a free zone (self-regulated area within an emirate), or offshore to start a business in the UAE. Vault Bucks ensures if you have a comprehensive understanding of your options before choosing where and how your company’s presence can be established in the UAE.
MAINLAND
Vault Bucks offers eminent service in the process of mainland company setup. Mainland company is registered in one of the UAE DED (Department of Economic Development) which provides you a license to start a business in UAE. A mainland company can execute any commercial, industrial, trading, professional, or tourism activity. For a mainland company, there are no visa limitations. However, an e-visa is provided to every company by the Ministry of Labour depending upon the office area.
DOCUMENTS REQUIRED :
- Investor’s passport copy
- Local Sponsor’s passport copy
- Manager’s passport copy
- NOC letter from sponsor only if partner has a UAE residence visa
- Registration application from DED
- Trade name reservation
- Initial approval from DED
- Memorandum of Association attested from public notary
- Tenancy contract for the office/warehouse attested by the planning and civil defense department of the municipality with a location plan.
A sole proprietorship company is a company where an entity is owned by a single individual, all financial liabilities (including debts) taken into consideration.
Sole proprietorship company in UAE provides a lot of professionalism and also has an excellent growth rate for a business to develop.
ESTABLISHMENT PROCESS :
- Finalize a trade name that is related to your business
- Get initial approval from DED
- Submit Documents with application form
- Apply for a license once registered.
DOCUMENTS REQUIRED :
- Application form
- Sole proprietorship business name
- Details of local agent dealing with expat
- Passport copy of sole proprietor
- Residence visa proof
- NOC from sponsor
- Proof of qualification and experience
- All documents translated in Arabic
FREEZONE SETUP
Vault Bucks assists with company incorporation across more than 50 UAE-free zones. A lot of information needs to be reviewed and considered while making the decision on which free zone suits your business requirements, including location, price, business type, Flexi-desk or office options, auditing, and bookkeeping and share capital requirements, etc.
That’s where the Vault Bucks team comes into action, walking beside you step-by-step, helping you in taking the right direction, valuing your money, and ultimately making the entire experience stress-free for you.
ADVANTAGES
100% ownership – No Local Partner
Free zones are Sector Specific
100% Profit on Business
Economical Setup
ADVANTAGE
- Tax exemption
- Full company ownership
- 100% repatriation of profits
- 24/7 customs services and rapid cargo clearance
- Other extraordinary facilities
ADVANTAGE
- Tax exemption
- Full company ownership
- 100% repatriation of profits
- Networking Opportunities
- Market development opportunities
DIAC: Dubai International Academic City is one of the largest free zones facilitating higher education for all. It was established in 2007 to meet the market’s demand of growing academic opportunities. Having multitudes of regional and international universities with more than 24000 students from all around the world, DIAC continues to grow and meet the needs of its intellectual academic group.
Dubai Media City: DMC is one of the rapidly emerged media hubs in the whole MENA region. Being established in 2001, it has been providing a supreme environment for media related businesses to operate globally. Joint businesses can also operate in DMC including media and marketing services, printing, and publishing, etc. The cluster of DMC includes Media City, Studio City, and International Media Production Zone.
JAFZA: Jebel Ali Free Zone is the biggest and majorly leading business hub in Middle East with a focus on long term customer relationships, fostering alliances with global investors. JAFZA is the only free zone situated between one of the largest airports and a seaport (Jebel Ali port) which is the 7th largest container port on the side. It was established in 1985 and for 35 years, JAFZA has been providing unlimited and extraordinary possibilities for industrial development and is the largest free zone in the whole MENA region.
Dubai Silicon Oasis: DSOA has been offering a living and a working integrated community with free trade zone incentives and advantages to companies. Since 2004, DSO has been providing multitude of business facilities such as offices, conference facilities, warehouse/manufacturing facilities, etc. and also a lot of lifestyle facilities including shopping malls, tennis courts, gyms, universities, etc. with 24-hr security and daily maintenance.
Dubai Logistics City: DLC is the world’s first platform designed for logistic purposes and to provide prominent logistics services in UAE. It is one of the most unique projects in the world covering 140 sq. km near the Jebel Ali Sea Port delivering multi modal logistic facilities.
BUSINESS ACTIVITIES
- Agriculture
- Fishing
- Mining & quarrying
- Manufacturing
- Electricity, gas & water supply
- Construction
- Trading and repairing
- Hotels and restaurants
- Transport, storage and communications
- Education
- Health and social work
- Financial intermediation
- Other community, social and personal service
Ajman Media City: AMCFZ is the newest free zone in UAE situated in Ajman providing cost efficient license packages for new investors. There are various advantages of setting up a company in AMCFZ such as 100% ownership for foreign companies, no NOC required, company license can be issued in one day and 100% repatriation of profits and earnings.
BENEFITS
- 100% foreign ownership
- Fast and easy procedures
- 100% ownership of company
- Easy transfer of capital and profits
- Easy access to low-cost labour
- Well-developed infrastructure
- One-stop counter service for effecting transactions
- Competitive prices for facility usage, power and leasing
BUSINESS ACTIVITIES
- Commercial Trading License
- General Trading License
BENEFITS
- No NOC required
- Investor & Partner Visas
- No Paid-Up Share Capital or Annual Audit
- 100% repatriation of Capital and Profits
- All Company Documentation issued within days
- No Physical presence required in UAE while incorporation
- Flexible visa allocation to better suit your company’s requirements
In order to develop these zones further and expand economic development they were merged in 2017 which resulted in formation of RAKEZ which provides a platform for local and international companies by helping them reach into local, regional, and international markets.
RAKEZ has been offering a lot of advantages to investors such as tax exemption, 100% foreign ownership, 100% profit repatriation, access to markets in Middle East, South Africa, and Europe.
RMCFZA: Established in 2009, RAK Maritime City Free Zone has been offering international port facilities and business services with a secure and efficient environment.
RMCFZA covers an area of a few million sq. meters which is separated into zoned plots accommodating businesses of different sectors. Company setup in RMCFZA has a lot of benefits such as tax exemption, 100% foreign ownership, 100% profit repatriation, no custom duties and access to markets globally.
BENEFITS
- 100% ownership
- Self-service customer portal
- Fast and efficient business set-up processes
- Wide-ranging business and industrial facilities
- Provision to build on-site staff and labour accommodation
- Accessibility via an international spread of regional offices
BUSINESS ACTIVITIES
- Manufacturing
- Packaging
- Ship building and repairing
- Pharmaceutical
- Importing
- Exporting
- Food industries
- Robotics
Fujairah Creative City: Established in 2007, Creative city has been offering reliable services to its clients in a successful business environment with a broad range of fields such as media, events, consulting, education, communication and marketing, music, and entertainment. Creative City offers many benefits to its clients and some of them include tax exemption, 100% ownership, no auditing, etc.
BENEFITS
- No paid-up share capital or annual audit
- 100% repatriation of Capital and Profits
- Allocation of 6 UAE residency visas
- All company documentation issued within days
- No Physical presence required in UAE while incorporation
BENEFITS
- Physical presence in the UAE not required to incorporate your new company
- No Paid up Share Capital or Annual Audit
- 100% repatriation of Capital and Profits
- All Company Documentation issued within days
- Ability to combine a variety of activities
LICENSE OPTIONS
- Commercial Trading License
- General Trading License
OFFSHORE
An Offshore Company is a legal business unit that is set up to operate outside the jurisdiction/location of ownership. Some of the many benefits of setting up an Offshore Company are:
Some of the many benefits of setting up an offshore company are:
- Business-Friendly Environment.
- Hassle-Free International Market Expansion.
- Tax Neutrality on Profits in respect to Personal & Company Income.
- Multi-Currency Accounts in UAE to do Business Internationally.
However, one should not get confused between Offshore Companies and Free Zone Companies. Free Zone companies, in simple words, are onshore entities that operate within the UAE. One thing similar between the two may be Tax-Exemption, but Free Zone Companies can also enable residency for their shareholders and employees.
Features offered when opening a company in JAFZA:
- At least one shareholder is required, and corporate shareholders are allowed. International shareholders are supposed to provide all company documents attested
- It is mandatory for every company to have a secretary; the company director may also act as the secretary.
- Every company must keep records dating back to at least 10 years and every company should appoint an auditor to report on accounts.
- No minimum share capital requirements
Benefits of opening company in JAFZA:
- JAFZA offshore company is the only company that permits owning of local real estate in Dubai, with Free Zone and developers’ approval
- Offshore company is allowed to hold multi-currency bank accounts to carry out international transactions.
- 100% foreign ownership
- The registrar has the power to inspect the affairs of an offshore company.
BENEFITS
- No NOC required
- Investor & Partner Visas
- No Paid-Up Share Capital or Annual Audit
- 100% repatriation of Capital and Profits
- All Company Documentation issued within days
- No Physical presence required in UAE while incorporation
- Flexible visa allocation to better suit your company’s requirements
Features offered when opening a company in RAK:
- At least one shareholder is required, and corporate shareholders are allowed. International shareholders are supposed to provide all company documents attested
- It is mandatory for every company to have a secretary; the company director may also act as the secretary.
- Every company must keep records dating back to at least 7 years and every company should appoint an auditor to report on accounts.
- No minimum share capital requirements
Benefits of RAK:
- RAK IC is known for its fast company incorporation, generally taking 7 days after receiving all documentation
- Offshore company is allowed to hold multi-currency bank accounts to carry out international transactions./li>
- 100% foreign ownership
+971 526744816
info@vbc.ae
2115, Burlington Tower, Business Bay, Dubai UAE