Company Formation In Dubai

There is no question that Dubai is one of the top corporate business hubs in the globe. The Dubai government is particularly interested in and supportive of the growth of a quick-moving corporate structure in the emirate. Dubai offers lucrative business chances for numerous business structures in their respective industries, including company formation in Dubai. As a result, it is advantageous to establish any kind of business in Dubai because the government cordially invites businesspeople from over the world to do so.

Starting a business in Dubai requires a clear understanding of selecting the best business structure in Dubai. The ideal business structure in Dubai may be an offshore company creation, a free zone company, or a mainland company. Then you must select the appropriate company type, license type, and business activity type you desire to offer.

Do you want to form a company in the UAE?

With EagleWings, Company Formation in Dubai has ever been so smooth and speedy with over a decade of its experience in the related field. Our qualified business advisers are well-versed in the policies, guidelines, and steps involved in establishing a business in Dubai and the UAE Free Zones.

Types of Company Formation in Dubai

In Dubai, there are three different jurisdictional options for company formation. Each of these jurisdictions has its unique set of regulations, which are advantageous for certain kinds of businesses.

> Mainland Company

The Department of Economic Development (DED) of Dubai issues licenses to onshore companies, which are also referred to as mainland companies in Dubai. Mainland Company is unrestricted in its ability to conduct business both inside and outside of the UAE.

> Free Zone Company

Free zone Company Formation is a highly favorable among the investors or in Corporates because of incentives like:

• Complete foreign ownership

• Customs benefits

• Tax exemption

• Affordable and cost-effective

• Affordable cost and top-notch labor

> Offshore Company

The majority of companies opt to establish offshore entities in Dubai. Additionally, people choose to establish an offshore holding company so that they can hold:

• The shares of holding firms that operate in different jurisdictions

• Intellectual property rights, including copyright, trademarks, and patents.

• Licensing of business franchises

What kinds of business licenses are offered in Dubai?

The primary licensing body for all types of commercial activity in Dubai is the Department of Economic Development (DED). Selecting the appropriate license category from the following 3 categories of licenses is a necessary need for all company licenses:

Dubai Commercial License

All forms of trading are included in the Dubai Commercial License. It belongs to the class of Limited Liability Companies (LLC). According to Article 22 of the Companies Law, there must be a minimum of 51 percent of shares owned by UAE nationals. This commercial license will be held by a local Emirati (Dubai Local Sponsor), who will own 51% of the company’s shares and receive an annual payment. Either a person or a business may sponsor the local event.

Professional Licence from Dubai

Depending on the number of investors or partners, it can be a civil company or a sole proprietorship. 100% foreign ownership is allowed of the license holder. A national of the UAE must be chosen as the local service agent in order to receive this license; nevertheless, he will not own any stock in the business. Every year, the sponsorship price is paid.

Dubai Industrial License

Benefits of Dubai Company Formation

> Complete repatriation of capital and profits for all business types

> Free zone businesses, offshore businesses, and mainland businesses with professional licenses all have 100 percent foreign ownership.

> Free zone firms and mainland businesses with a professional license can operate without a local sponsor.

> Offshore businesses and a number of free zones are entirely tax-free. very low business taxes in other areas

> Professional workforce that is readily available, reasonably priced, and skilled

> Offices, warehouses, roads, etc. of the highest caliber, as well as accessibility to major airports and seaports

> Multi-currency bank accounts are readily available, and bank account establishment and maintenance are flexible.

> Due to the use of contemporary technologies, the process of registering a company is straightforward and rapid.

What are the procedures for company formation in Dubai?

Select the company’s name

When forming a company in Dubai, the first step is deciding on the prospective firm’s name. Every business will decide on a trade name before it is incorporated. This trade name must adhere to DED norms and regulations and be original. The DED must authorize this name.

Select the appropriate business

If you are doing a trading business, you must set up a commercial license, and if you are providing services, you must establish up a professional corporation.

Hire the local sponsor

Dubai mainland company establishment requires a local sponsor. A local sponsor will own 51% of a company in exchange for an annual charge

In cases involving professional licenses, local service agents are necessary. The national of the UAE will not own any stock in a professional company.

Choose office location

Additionally required for company registration in Dubai are location selection and the creation of a tenancy agreement. Depending on your business activity, you can also choose a virtual office in one of the business centers.

Prepare M&A

The new company’s MOA (memorandum of association) must be prepared as the next stage.

Final submission

Depending on the sort of business and the jurisdiction you chose for your operation, you will also need to submit a license application, a memorandum of agreement, a lease agreement, and various other paperwork.

Why choose us?

In Dubai and the United Arab Emirates, Eagle Wings specialize in all sorts of company formation, from onshore, offshore and free zones.

• On the best and most appropriate business structure for your present and future ambitions, we may advise and consult.

• We offer services for all sorts of company formation in various commercial jurisdictions of Dubai.

• We aid in completing the entire procedure, from locating local sponsors to document attestation and assuring a speedy and issue-free company registration process with the appropriate authorities.