We offer business setup services across the GCC, with a choice of Free Zone or Mainland,as well as Offshore.
We understand that your venture requires solutions that are as thorough and passionate as the people that inspired it. Choosing the right company license that is best suited for your business is a vital activity for your business’s future operations.
The main benefits of setting up a Business in a UAE Free Zone include:
Foreign investors can retain 100% ownership of their businesses without requiring a local partner.
Non-UAE residents are allowed a majority stake in the business, without a local partner with majority ownership.
0% corporate and income tax, no customs duties levied, and the option to repatriate 100% of business profits.
Free Zones
When your company is approved for the Free Zone business, it is given any of the available Free Zone licenses (such as Trade License, Industrial License, Service License, or National Industrial License) by the Free Zone Authority. These Free Zone licenses in Dubai/UAE can be renewed annually as long as the lease agreement is in force.
You must select your desired Free Zone jurisdiction based on the type of business you are incorporating. Your business activity should match the category of the preferred Free Zone. Even though offshore companies share some of the benefits of Free Zone companies in Dubai, they are not identical.
Free Zones are ideal for start-up ventures, small and medium business establishments. Free zones regions are equipped with full-fledged offices and work-spaces.
Business entities formed in Free Zone jurisdictions
Investors and entrepreneurs can rely on 3 different business entities to form a company in any of the Free Zone jurisdictions.
Free Zone Company (FZC) – A Free Zone company is a business entity that has 2 or more shareholders.
Free Zone Establishment (FZE) – A Free Zone Establishment is a business entity that has a single shareholder.
Branch Office – the investors can also form a business entity that serves as a branch office of a parent-concern. The parent-concern can be in the UAE or an overseas company.
If incorporating in any of the UAE’s Free Zones is recommended for your business, V7 Enterprise Zone will assist you with incorporating in the most suitable option. We have close relationships with many of the key Free Zones in the UAE including –
- DMCC
- SHAMS (Sharjah Media City)
- Fujairah Creative City
- Fujairah Free Zone
- Ras Al Khaimah Economic Zone (RAKEZ)
- Khalifa Industrial Zone (KIZAD)
- Ajman Free Zone
- Dubai Airport Free Zone (DAFZA)
- Jebel Ali Free Zone (JAFZA)
- Dubai Silicon Oasis (DSO)
- Dubai World Central (DWC)
- Dubai International Financial Centre (DIFC)
- Abu Dhabi Global Markets (ADGM)
- Dubai Internet City
- Dubai Media City
The main benefits of setting up a Business in a UAE Free Zone include:
- Foreign investors can retain 100% ownership of their businesses without requiring a local partner.
- Non-UAE residents are allowed a majority stake in the business, without a local partner with majority ownership.
- 0% corporate and income tax, no customs duties levied, and the option to repatriate 100% of business profits.
The main benefits of establishing a Mainland company include:
The benefit of being able to choose a registered premises in any area of Dubai.
The opportunity to select from a larger range of business activities.
The freedom to trade anywhere in the UAE or outside the country.
Mainland
Our mainland solutions enable your business to set up and operate freely throughout the UAE while maintaining 100% control of your business. A popular choice with regards to business setup in Dubai, however one UAE national needs to hold 51% equity in any commercial business, besides in the below-discussed cases:
- Business activities that permit 100% local ownership
- Businesses located in Free Zones
- Partnerships between UAE National and GCC Companies
- Business activities that permit 100% foreign ownership
Mainland company formation in Dubai can be a very lucrative investment option for investors and business establishments. Mainland companies are business entities that are allowed to function and operate within the boundaries of Emirati jurisdiction that come under commercialized geographical regions. In Dubai, all business entities that come under commercial, professional, and sole establishment registered under the Dubai Economic Department (DED) are known as Dubai Mainland License.
In the case where an expatriate is permitted to hold 100% shares in mainland company setup in Dubai, a local service agent is needed for this type of company setup. We can provide you with a local sponsor and give you the autonomy to have complete control to do business in your own unique style. The sponsors will not be involved in profit sharing or any of your business operations.
UAE mainland consists of all business entities which are directly registered under economic department of each emirate. These entities can perform different business activities in the local market subject to government approvals.
Possessing a Dubai mainland license provides you more freedom and flexibility to grow and operate your business. The primary requirement for all business activities in the UAE is to own a license in any of the categories: Commercial, industrial and Professional. Under this, you can form Branch of Foreign Company, Professional Company, Limited Liability Company, Representative Office, Public Shareholding Company, among others.
The main benefits of establishing a Business Offshore include:
Offering tax neutrality on international earnings in respect of (depending on jurisdiction) personal or company income, capital gains and inheritance taxes.
Offering easier access to global funding.
Providing a vehicle to separate or protect assets, such as Intellectual Property, from operating entities.
Offshore
An Offshore Company is a legal business entity that is set up with the intention of operating outside its registered jurisdiction and/or the location of its ultimate ownership. Offshore companies can be created and owned by individuals or institutions, and shares can be easily and freely transferred.
Offshore company formation in UAE is a fast-growing sector for new business set up and is usually structured with provisions to minimise or eliminate taxes associated with property sales, value-added tax (VAT), capital gains, death duties, and profits on business earnings.
Offshore companies have favourable considerations including the ability to create or maintain wealth, protect and/or hold property and other assets, and offer international trading, contracting and consulting services from a single location.
Offshore business set up in the UAE can offer various advantages such as direct investment into a specific jurisdiction, smoother management of taxes on foreign income, full ownership of intellectual property, and the separation and protection of personal assets from operating entities.
An offshore company in the UAE can be strategically designed to minimise overall international tax liability. There are no requirements for minimum share capital, however, government registrars may ask that paid-up capital correspond with proposed activities.
The three main jurisdictions for Offshore Company setup in the UAE are :
- Ras Al Khaimah (RAK)
- the Ajman Free Zone
- the Jebel Ali Free Zone (JAFZA)
These are “tax free” jurisdictions with no corporate or income tax levied, and permit 100% foreign ownership.