Consulting services can provide valuable insights, strategic guidance, pecialized
1901 Shiloh, Hawaii 81063
Welcome to our RUI Consultation Company
Consulting services can provide valuable insights, strategic guidance, pecialized
1901 Shiloh, Hawaii 81063
Welcome to our RUI Consultation Company
RUITo register company in Dubai is hassle-free if you know-how. With RUI Consultants at the wheel, you will be able to dedicate your time and resources to other more important business channels. With our lean-and-mean mentality, you can rely on our team of experts to provide you a seamless experience throughout the whole process of your business registration in Dubai. Our ultimate goal is for your company in Dubai to be operationally ready within the stipulated time frame. Our service package includes everything you will require to set up business in Dubai:
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An offshore company is an entity that is legally registered outside the country where your main business operation is conducted. For example, if you are a foreigner registering a company in UAE, this entity will be known as a UAE offshore company as you are not physically present in the UAE. Most UAE offshore companies are not allowed to conduct business within the UAE. The United Arab Emirates is one of the most popular jurisdictions for foreign investors to set up offshore entities. This is due to the ease of doing business as well as the attractive tax regime. From 1st December 2020, UAE has abolished the requirement for companies to have Emirati shareholders, allowing 100% ownership for foreign investors. Popular among many entrepreneurs, Dubai offshore business setup allows foreign entrepreneurs to enjoy tax efficiency and cost-effectiveness. With this corporate structure, foreign entrepreneurs can venture into the Middle East without administrative obligations. In essence, it is a wholly-owned limited liability company that is exempted from tax and any annual accounting filings. This business structure is commonly used among business owners to engage in international trading, real estate as well as registering copyright and patents.
Before you proceed to register company in Dubai, it is essential to understand the different types available. The three main jurisdictions are the Ras Al Khaimah (RAK), Jebel Ali Free Zone (JAFZA) and Ajman Offshore. With the promise of being a tax-free jurisdiction, companies are not subjected to any income tax or corporate tax and can enjoy 100% foreign ownership.
• A Jebel Ali Free Zone (JAFZA) offshore company can be set up with minimal requirements. You are required to appoint one director and one shareholder of any nationalities. In addition, there are no minimum capital requirements register company in Dubai JAFZA and you are allowed to open a local UAE corporate bank account. • If you are familiar with offshore structures, a JAFZA offshore company is the equivalent of an International Business Company (IBC) in the British Virgin Islands (BVI) or the Cayman Islands. • With its origins as early as 1985, the Jebel Ali Free Zone (JAFZA) is an industrial area surrounding one of the world's biggest shipping ports. International companies located there can benefit from residing in a free zone. • Jebel Ali is located at a strategic location as it is near Abu Dhabi, which is the capital of the UAE. Al Maktoum International Airport, Which was opened on 27 JEne 2010, allows access to both freight and passenger traffic. • Registering a JAFZA offshore company in Dubai is one of the most popular options when setting up business in the UAE. Jebel Ali offshore company formation allows 100% foreign ownership, exemption from import duties, exemption from corporate taxes and 100% repatriation of capital and profits. • According to Jafza Offshore Companies Regulations 2018, a JAFZA offshore company is prohibited from carrying out these activities: insurance, banking, financial, media, publishing, advertising, movie production, gambling, casino, real estate, military and education. • RUI Consultants will provide the full-service package of JAZA offshore company formation including registered agent, registered address and business bank account opening.
• Known for its highest level of industrialization in the UAE, Ras Al Khaimah (RAK) is reputed for a business-friendly investment environment and low costs. A RAK offshore company requires only one shareholder and one director. No minimum share capital is required to register company in Dubai RAK and you are allowed to open a business bank account with a local UAE bank. • RAK offshore company formation also comes with a multitude of benefits. While offshore companies are generally prohibited from conducting business with a UAE resident, an exception is made in this case. A RAK offshore company can hold the shares of both free zone and onshore companies. • The RAK offshore authority is also known as RAK International Corporate Centre (RAK ICC). It is a Corporate Registry operating in Ras Al Khaimah, United Arab Emirates. This entity is regulated under Ras Al Khaimah Free Trade Zone Authority International Companies Regulations 2006. • RUI Consultants will be your one-stop solution for you to register company in Dubai RAK. Our services include company formation within the mainland as well as within the free zones in Dubai, registered agent, registered address and business bank account opening.
• There are plenty of benefits of setting up an offshore company in Dubai. Despite having zero corporate taxes, Dubai is not labelled as a tax haven unlike Cayman Islands or British Virgin Islands. By setting up a Dubai offshore company, you are able to open corporate bank accounts with reputable international banks. This will increase the trust given by your customers and suppliers. • The stable and business-friendly legal system that Dubai houses are something you can expect to benefit from. By registering an offshore company in Dubai, you will have access to a flexible regulatory regime that would also mean that conducting business operations can be made easier. • Additionally, Dubai is also home to many Intellectual Property laws that will serve as tools to protect your assets. With tax neutrality on international earnings and access to global funding, doing business through this offshore entity can also mean reaping greater financial rewards. • Although, one thing to note, setting up an offshore business in Dubai will not entitle you to carry any business activities with a UAE resident or within the physical premises of the UAE. Thus, if you are looking to expand into the UAE, a Dubai offshore company may not be the one.
• With many similar benefits, a Dubai offshore company is often mistaken as a Dubai Free Zone Company. • Foreign ownership is not a problem with either of the company. With 100% foreign ownership, both Dubai offshore and Dubai Free Zone companies can be owned by a foreigner without association to a local contact. Despite its similarities, there are still some distinct differences that you have to consider before setting up either of which. • Free Zones in Dubai are primarily created to attract companies who are in the business of trade and export. On the other hand, an offshore company is used as holding companies or asset companies for other organizations. While it continues to enjoy ownership benefits that a Free Zone company gets as well, it is not a direct substitute. • The biggest distinction comes in anonymity. An offshore company's details are kept anonymous and cannot be found on the Public Record. Yet, a Free Zone company's information is available upon request. The Dubai offshore company can open a bank account in Dubai and invest internationally, it can also purchase land in Dubai. Unlike a Dubai Free Zone company, no minimum capital threshold is expected of an offshore company. • Nonetheless, both business entities do come with their limitations. While an offshore company cannot rent any physical office space in the UAE, a Free Zone company is not allowed to trade directly with the UAE local market. • A Free Zone company can only undertake local businesses through locally appointed distributors. Yet, businessmen opening offshore companies are not granted with a residency visa. This may make traveling in and out of the UAE troublesome.
• Dubai is home to a myriad of business forms that include companies, partnerships, branch offices and free zone companies. Before the start of the engagement. Tetra Consultants will fully understand your business before recommending the most optimum business entity in Dubai. • Some considerations we take into account include the type of business activity, tax obligations and nationalities of shareholders and directors. Our consultants will also offer more information on the requirements imposed to set up these entities.
• For a Dubai Limited Liability Company (LLC), directors will not be personally liable for any debts or obligations incurred by the business. They will only be liable up to a specified amount of liability insurance declared. Dubai LLCs provide different classes of members that come with specific rights, powers and duties. • The requirements to set up a limited liability company in Dubai differ when registering in Dubai vis-à-vis in one of its free zones. If registered in Dubai, the company must have 1 director and 1 shareholder without residency requirements required with no minimum capital requirement • A Dubai LLC is not mandated to have a minimum amount of share capital, while in a free zone, this would depend on its respective authority. In both Dubai and the free zone, a registered address and a local bank account are required. RUI Consultants can assist you in obtaining a local registered agent and setting up a local bank account.
• Promising greater liberty, a Dubai civil company offers 100% foreign ownership and full access to UAE's local market. However, this also involves unlimited liability - whereby, investors can be personally liable. • As an association. Dubai civil companies are established wherein professionals agree to carry out professional activities and be liable to third parties against payment of consideration. • To set up a Dubai civil company, a Dubai Local Service Agent is required. However, these agents do not hold a stake in your company and primarily function to liaise with relevant governmental departments on your behalf. • A super-quick and easy setup, the formation of a Dubai civil company also costs relatively low and does not require the payment of an upfront share capital. Unlike many other business forms, the civil company allows you to enjoy 100% foreign ownership.
• With a Dubai joint venture company, foreign entrepreneurs can continually benefit from the association with a local company. Setting up a joint venture company also offers the same benefits as a limited liability company. • To set up a Dubai joint venture, a local partner who holds 51% of the shares is required. Both parties have to register the agreement with the Department of Economic Development. • While the structural differences between a joint venture company and a limited liability company may be minimal, you should still look out for several factors. When it comes to setting up a joint venture in Dubai, a license is not required. This makes setting up simpler. While there is a mandatory requirement in terms of local equity participation, profit and loss distribution can still be prescribed. • In general, if you are collaborating on specific projects to opt for a joint venture company instead, RUI Consultants recommends you to opt for a Dubai joint venture company instead.
• Owned by two or more partners, a Dubai General Partnership does not extend limited liability. While the partners bear unlimited liability, they also enjoy the entirety of its profits. It is also a relationship that involves the management participation of all partners. However, unlike other business forms, this type of company can only be opened by UAE nationals and are not applicable to foreign investors.
• A Dubai branch office allows foreign entrepreneurs to own a licensed organization in another emerging economy. This new entity will still be fully owned by the parent company and will continue to operate under the same registered name and business activity. • However, a Dubai branch is permitted to operate other additional activities for the sole purpose of marketing the organization's main products and services. • To set up a Dubai branch office, a national service agent is required. The agent can be an individual or a company, who will assist with the setup but will not own any rights to the company. The agent, however, has to be of UAE nationality. • If you are looking to expand into the Middle East with the same product line, RUI Consultants recommends you consider setting up a Dubai branch instead. This enables you to work with 100% foreign ownership, unlike other business entities.
• Establishing a business in the Dubai Free Zones is attractive to many businessmen. Dubai Free Zone companies are not subjected to any foreign ownership restrictions. They are also largely governed by an independent Free Zone Authority. • One misconception to note is that a Free Zone company does not belong to the same umbrella consisting of offshore companies. While they do share many similar structural functions, they also have distinctive characteristics. • Dubai Free Zone company formation allows you to 100% foreign ownership, repatriation of capital and profits without being subjected to corporate or personal income tax as well as the absence of currency restrictions. Even so, shareholders, directors and employees can still continue to benefit from residency visas given out. • To register a Dubai Free Zone company, there must be two or more shareholders. A detailed business plan might be requested. If necessary, RUI Consultants will assist you in developing the business plan. Upon company formation in Dubai, operating license and leasing agreements have to be prepared • If you are looking to sell products in the UAE, this business form might not be suitable. This is so as a UAE official agent will be necessary for the future to help you gain an operating business license in Dubai. Alternatively, you may have to set up a joint venture. This may lead to additional expenses incurred.
• The Dubai government offers various forms of business structures including the following: • Sole Proprietorship • Partnership • Limited Liability Company • Free Zone Company • Offshore Company • Branch Office • Representative Office • Others • Our team at RUI Consultants will first understand your business model, requirements, and objectives befo recommending a suitable business structure for you.
• RUI Consultants will check for the availability of your preferred business name and reserve the same with the Dubai Department of Economic Development (DED). • We will then inform you about the documents you will be required to prepare and help you do the same. Some of these documents include the following: • Article of Incorporation • Proof of address • Financial statements, if required • Personal information of directors and shareholders
• Once all the pre-registration steps are completed, RUI Consultants will submit the documents along with the application form to the Dubai Department of Economic Development (DED). • Once the DED grants the approval, we will collect the Certificate of Incorporation, Memorandum and Articles of Association, and other incorporation documents on your behalf and then courier it to your preferred address.
• RUI Consultants will leverage our extensive banking network to open a corporate bank account for your newly incorporated business.
• RUI Consultants will obtain a suitable business license for your business, depending on your business activities and location. • We will also register your business with the Federal Authority to obtain a VAT number which is needed to conduct business in Dubai. The corporate tax rate levied is 0%-9% and VAT rate is 5% for businesses • Moreover, if needed, we will also apply for suitable work visas.
• After the incorporation process, RUI Consultants will continue to ensure that your business remains compliant with the government regulations. • We will assist you in preparing financial statements, filing for tax returns, and more in a timely manner.
A gateway to the Middle Eastern and North African countries, many business owners choose to proceed with company formation in Dubai. Its growing economy, strong infrastructure and low tax rates have attracted many to set up business in Dubai. If you are similarly looking to expand into Dubai, you came to the right place. Besides the economic benefits, you can also enjoy a wide variety of other benefits. Before you proceed with Dubai company registration, it is important to understand the business landscape of the jurisdiction. This is to ensure that your newly established entity will be able to safely and legally conduct business while striving towards your long-term business goals.
• With a strong political climate, Dubai is also home to a business-friendly government that welcomes and promotes business development. • According to the 2018 IMD Dubai Competitiveness Report, Dubai is ranked 7th in global efficiency and tax system. This means that based on economic performance, the efficiency of the business environment and infrastructure, Dubai has succeeded in many countries such as Singapore, Switzerland and all European Union countries except Iceland. • According to the leading anti-corruption group, Transparency International, Dubai has been criticized as a "money laundering paradise". Its lax restrictions have also led to its present reputation with money laundering.
SOLUTION FOR RUIYes, JAFZA and RAKA offshore companies are allowed to buy properties in Dubai. However, you are required to meet certain requirements.
See this webpage to find out more about the process.
In general, Dubai welcomes a myriad of business activities to its shore. Nonetheless, with standards of legislation and local customs that are based on Islamic laws, there are some exceptions to the case. The activities which are prohibited or restricted can be divided into several categories - food, gambling, goods and services as well as illegal trade and activities.
This depends on the exact services required from RUI Consultants. Our fees are inclusive of government fees and all fees will be clearly stated in our engagement letter prior to the start of the engagement. RUI Consultants believes in transparency with our valued clients and there are no hidden fees.
On average, it will take 3 weeks to complete company formation and another 4 weeks for corporate bank account opening.
No travel is required. RUI Consultants will complete the company incorporation remotely, without the need to travel.
Unfortunately, you are required to register a UAE free zone company or onshore company.
No, you are not allowed to do so.