Company Formation in Dubai UAE| Basics of Company Formation in Dubai

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Company Formation in Dubai

Company formation in Dubai has been a curious subject to many investors and companies interested in setting up a company in Dubai. Dubai is an international trading hub being popularly known for its highest per capita income and advanced infrastructure. Hence, to understand how to set up a company in Dubai, one has to learn the basics of Company incorporation in the UAE.

Types of companies in Dubai (companies in the UAE)

Any company in Dubai would fall into one among the two distinctions described below.

Freezone Company Formation

Freezone company refers to those company that is fully owned by the individual who has set that up. More precisely, there would be no need for an agent or a sponsor as a mediator in managing the venture.

Benefits of Dubai Freezone include 100% individual ownership, 0% tax, freedom to open a bank account in Dubai, privacy ensured, lesser renewal charges, anytime liquidating freedom, liberty to do international business, multiple activities, and right to hold properties.

Offshore Company Formation

Offshore companies refer to those firms that have been registered by a business that operates outside UAE. The regulations for this type of registration are issued with respect to the latest international standards and the firm is expected to register a minimum of one director for a company in UAE.

They are expected to keep the financial records of the company and submit an annual financial report that is audited by an auditing company that is approved by the free zone.

Benefits of Dubai Offshore Companies 

The freedom from the minimum capital requirement and a need for a physical office facility. Even though the company formation in Dubai is known to be clear-cut, it would require time up to three weeks roughly for the completion of the entire business registration which would also include the post-registration formalities.

 For the best company incorporation service in UAE,  you may get in touch with experts who can guide you to set up a company in Dubai. Emirates Chartered Accountants Group is one of the most dedicated and reliable Audit firms in Dubai with the known expertise in Company formation in Dubai.

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