Company Registration

Company Registration

Company Registration in Dubai

At Ledgerworx, We are well aware of the difficulty of setting up a new business in the new country. The laws of the country where an entrepreneur wants to start a business are extremely difficult to comprehend. The procedure for setting up a business in Dubai or anywhere else in the United Arab Emirates is very confusing.Because of this, you should go with the one who can offer you standard consulting services at the lowest prices.Ledgerworx is one of the most reputable business consulting firms because we have been serving UAE citizens for a long time.

The types of companies that can be set up in the Emirate are:

  • Mainland companies
  • Free zone companies
  • Offshore companies

One can choose the preferred location to set up the company and move on to the registration process once the type of business is finalized. The cost of starting a business in the United Arab Emirates varies by business activity across jurisdictions. The proper understanding of legal procedures and a lot of paperwork are necessary for company registration.When you are new to the Emirate, seeking professional assistance is always a good idea.

You will have an easier time of things if you hire a reputable business consultant. We will help you select the best location, handle all legal procedures, and assist you in completing the necessary paperwork for the company’s registration.

Mainland Companies

Dubai is one of the most popular business destinations for investors because it is home to many nationals. The recent amendment to the Company Law has made it much simpler to run a business on the mainland of Dubai. In the past, foreign nationals were not permitted to have 100% ownership of mainland businesses.Despite the fact that the profits and losses were divided according to their will, they were forced to locate a local sponsor who held the majority share 51%. Numerous advantages and incentives are provided to mainland businesses. Several types of businesses, including commercial, industrial, trading, and others, can now be entirely owned by expatriates on the mainland. However, there are a few strategic industries, such as oil and gas, banking, and energy,that do not permit 100% ownership by expats.

Free zone Companies

There are around 40 Freezones in the United Arab Emirates, most of them located in the Emirate of Dubai. In terms of minimum capital requirements, maximum numbers of UAE Resident Visas, substance requirements, permitted activities, and other details, the Freezones have distinct main purposes. It is 100% free from taxes as well which makes it all the more attractive for investors to set up their business. It is permissible for a single owner to own it, and they can repatriate the entire profit. The Dubai free zones provide investors with numerous additional luxuries, making it the ideal location for incorporation.

Offshore Companies

Establishing an offshore business through the offshore company registration procedure is a popular option for businesses looking to establish a presence in Dubai and the UAE. Under the UAE offshore regulatory system, businesses that do not intend to conduct business in the UAE can establish an entity onshore or in one of the available free zones. Most of the time, offshore businesses are holding companies that don’t do business. The offshore companies are registered under the International Business Company (IBC). They are offered as free zones with 100% profit repatriation. The owner has tax-free access to an offshore company bank account.

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