Business Set Up Services

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• 100% Company Ownership

The benefit of owning a Freezone company is that as an expatriate, you can own the business 100% without having to share any part of it with a local individual which gives you total control over your business.

• Import & Export Duty Exemption

Import and Export duties are not relevant to the free zone jurisdictions in the UAE which helps in the promotion of international trade.

• No Personal Income Tax

Foreign investors are exempted from personal, corporate, and capital gains tax which are considered to be the most advantageous in tax benefits and it applies to only Free Zone companies.

• 100% Repatriation of Capital & Profits

The Free Zone companies are qualified for full repatriation benefits that include both the capital and profits from the business.

• Easy Company Formation Process

The procedure that involves setting up a company in the Free Zone is easy and simplified. It also has a faster-licensing policy.

• Readily Available Workspaces

Most of the Free zones permit a shared workspace, though a few jurisdictions require one to meet the office size criteria. A lot of pre-built structures like factories, warehouses and office spaces are easily available in the UAE free zone making it an ideal place for startups and SMEs.

The United Arab Emirates is popular for its renowned banking industry and the high level of privacy provided to their clients is one of the main reasons for the huge success of the UAE banking industry making it more reliable and secure for your funds.

Opening a corporate bank account is one of the initial steps to be taken whilst setting up a business in the UAE. For foreign entrepreneurs, the UAE government has been sincere in its efforts to facilitate overseas investment and uplift business activity locally. The requirements to open a corporate bank account in the UAE differs from one bank to another, but the presence of a director or an important shareholder is crucial.

The following are the steps involved in opening a Corporate Bank Account:

1. Obtain your Business License

When a new business is set up, one of the necessary steps is to get a valid license. Without a permit, the bank won't recognize you as a business entity and you will not have the option to open a corporate bank account.

2. Get the Necessary Documents in order.

The next significant step is to make sure all the corporate and legitimate documents are in order. The exact documents required may vary from one bank to another. The few documents essential to open a corporate bank account are :

• A Bank Account opening form
• A resolution from the board of directors sanctioning the opening of the account, and the signatories to the account.
• A copy of the Business License
• A copy of the share certificates
• A copy of the company's memorandum and Articles of Association
• Copies of valid passports of all the partners.

Additional supporting documents like invoices, reference letters from the business, plans and information related to business activity may be required by some banks.

3. Check Visa requirements

The following step towards opening a bank account is to find whether the shareholders are needed to have residency visas. Few banks require this proof of residency from at least one investor while some banks do not ask for it at all.

4. Choose your Bank

When the documents are all in order, you can look out for a bank that meets your requirements. The UAE is home to many international and local banks. Do consider the eligibility standards when choosing the appropriate bank.

5. Application Process

All the required paperwork is in place, then the formal account opening process can be started. It is better to have a face-to-face chat with an advisor to answer all your questions. Once you get to know all the procedures, you can continue with the process. Mostly, your corporate bank account will be open in 10-15 working days.

Every organization in the UAE requires the services of a Public Relations Officer. PRO services concern all activities related to preparing governmental documents.

We provide services like visa application help, shares transfer, administrative approvals, business licensing and direct service access. We take up these responsibilities while we remain updated about the recent trends in regulations. Towards realizing your dreams, focusing on your efforts, reducing your time and saving your expenses, we offer you the best opportunity to succeed.

The activities that involve PRO services are legal requirements for all organizations and their employees. Ensuring that the activities are managed effectively and conveniently decreases the threat of any unnecessary fines or similar repercussions for the business.

The Department of Economic Development (DED) offers various types of licenses for different organizations in the UAE. There are specific organizational activities that may be considered for both business as well as professional permits and every business activity must have a permit to operate.

The DED has designed a managerial framework that separates the multiple sectors into various licensing choices, providing better regulatory and constructive facilitates. For operational activities, it is a business permit; for production activities, it is an industrial permit; and for executive activities, a professional permit is issued to the organizations. Significantly, you make the right choice for your business. To make things easier for our clients we help them decide accurately which license would best suit their nature of business.

The UAE is viewed as a prime platform for nations wishing to get to business sectors around the globe. Foreign investors can carry out any activities in the UAE after being registered and licensed by the relevant authorities in the UAE. An ‘offshore’ business presence refers to registering a company in one of the UAE free trade zones. A freezone is a characterized and isolated region or set up, with a special tax duty, customs and imports system, that is unique to a mainland area. The benefit of owning a Freezone company is that as an expatriate, you can own the business 100% without having to share any part of it with anybody.

Setting up a business is never easy. We will guide our clients efficiently in their business building journey.