All about Company Incorporation in Dubai

Posted by Jumeira Consultants on October 19th, 2016

Every entrepreneur always wishes to establish his business in an area with a considerable global exposure. It also wishes to make profit legitimately without losing out on income by paying massive amount of money as taxes.

Why Dubai?

Dubai has emerged to the forefront as a key international business arcade as it lets you gain massive returns and does not cuts down the profits. Its strategic location, diversified open market and no trade barriers and exchange control has contributed to its rise.

The emirate is well connected to the other parts of the world via numerous airlines and thus is accessible by major countries. Lower taxes and easy company incorporation in Dubai has today led it to the spot of a prosperous and blooming economy.

Types of companies in Dubai

An entrepreneur can incorporate a company in Dubai in either of these forms.

1. Free Zone Company: There are two types of free zone companies that can be formed in Dubai namely Free Zone establishment and a branch office. One needs to look for a representative office area and obtain a valid trade license to commence business under the same.

2. Limited Liability Company: Establishing a limited liability company requires 51% stake held by the local resident of UAE. However, the company encourages differential profit and loss sharing.

3. Offshore Company: Many entrepreneurs prefer establishing an offshore company because it cuts down the cost of office establishment and offers high profit margins.

4. Branch and Representative Offices: One can comfortably enter local contracts by setting up a branch office. This type of company incorporation includes local resident involvement as an agent only.

Benefits of Company Incorporation in Dubai

Each type of establishment has its own advantage. Here are the cumulative advantages of each of these.

1. The offshore company is free from corporate taxes

2. Each of these has 100 % retention of capital and profits.

3. A branch office and offshore company does not have any restrictions on currency.

4. A LLC can buy and hold numerous properties in Dubai.

5. Dubai has excellent infrastructural establishment thus ensuring great business setup areas to the investors.

6. Opening a corporate bank account is very easy for most of these establishments.

Consultancy services and their role in company incorporation in Dubai

Since, an investor would be establishing his business in a new country; it is obvious that he might not be aware of each and every intricate detail of the laws governing the establishment of the company. Therefore, it is advisable that one takes help from a consultancy service.

A consultancy service will help you to set up your company in a seamless manner irrespective of the type of business structure you choose. They provide you comprehensive solutions to establish your company here, as they are aware of the legal formalities that are to be addressed while the formation. Such companies are also equipped to deliver several other services like accounting, business audit etc., which are outsourced to them for a better organization of work in the company.

Thus, we see that Company Incorporation in Dubai is easy, fast and highly profitable. Your venture into this global market ensures global presence and with the help of a reliable consultancy, your company can grow rapidly in a short period of time.

For more information visit: http://www.jumeiraconsultants.com/