How to Setup Business in UAE
Businesses in the UAE can only be setup through one of the government’s registered agents, below are the main benefits of establishing a business in the UAE:
1. There is no corporate and individual tax for almost all sectors and the freedom to repatriate capital and profits.
2. Foreign ownership is generally allowed to 49 percent but there is no requirement for a local partner for Free Zones, UAE branch and representative offices of foreign companies, and for certain professionals.
3. There are no currency restrictions.
For setting up a company in the UAE, all types of businesses must obtain a license to operate in the UAE.
The UAE Commercial Company Law recognizes the following major forms of companies in the UAE:
- Limited Liabilities Companies
- Branch Offices
- Representative Offices
- Free Zone Companies
Companies located outside of designated Free Zones must be owned from at least 51 per cent by a local UAE national.
Companies located in Free Zones are not allowed to trade goods with the local UAE market directly, however – they must use authorized local agents and the import customs duty (usually 5 per cent) has to be paid when goods are released onto the local UAE market. Services and products can be purchased from and within the UAE market may be purchased directly, without an agent.
We highly recommend RAK Company Administration for setting up your Offshore / Freezone company. RAKCA is one of the largest registered agent in Rasl Al Khaima that provide high quality professional services having thousands of satisfied customer.