Company Formation
Company Formation
- Mainland Companies: In mainland UAE, non-nationals (foreign investors) are required to have a local UAE national sponsor, who holds at least 51% ownership in the company.
- Free Zone Companies: Free zones allow 100% foreign ownership without the need for a local sponsor. This offers greater control and flexibility to foreign investors.
- Mainland Companies: Companies operating in the mainland are subject to UAE corporate taxes, which can vary based on the specific emirate and type of business activity.
- Free Zone Companies: Free zones offer tax incentives such as zero corporate and personal income taxes, import/export duties exemptions, and no currency restrictions.
- Mainland Companies: Mainland companies have more freedom to conduct business activities across the UAE without geographical restrictions.
- Free Zone Companies: Free zone companies are confined to operate within the respective free zone area and may have restrictions on conducting business outside the free zone, except through local agents or distributors.
- Mainland Companies: Governed by the UAE Commercial Companies Law and subject to regulations of the respective emirate's Department of Economic Development (DED).
- Free Zone Companies: Governed by the regulations and authorities of the specific free zone where they are established, offering a simplified and efficient business environment.
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Frequently Asked Questions
To form a Freezone company in Dubai, corporate shareholders need to provide:
- License Application Form: This form collects comprehensive information about your business and its shareholders.
- Ultimate Beneficial Owner (UBO) Supporting Documents: These documents establish the identity and ownership structure of the company, including passport copies, proof of address, and relevant identification documents of the ultimate beneficial owner(s).
- Passport Photo: A recent passport-sized photograph of the applicant(s) or the designated company representative is required.
- Passport Copy: Clear copies of the passport(s) of the applicant(s) or the designated company representative(s) are necessary.
- Emirates ID & Residency Visa Copies: If any shareholder or representative is already residing in the UAE, copies of their Emirates ID card and residency visa may be required.
- Additional Requirements: Depending on the nature of your business activities, additional documents or requirements may apply. It’s advisable to consult with relevant authorities or legal experts to ensure compliance.
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