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Corporate Services

Entrust business registration and bank account opening to a licensed Palladium Group company, which has official agreements with free zones and has helped dozens of entrepreneurs to open a business in the UAE

Palladium Group has collective years of experience in the UAE and the wider Middle East specializing in company formation with a specific focus on Dubai. From recommending the most appropriate type of entity and jurisdictions for your set-up to bank account opening, we work from the top-level down to the basics of compliance. We understand that clients depend on a fast and efficient setup to ensure the business remains active and uninterrupted.

Corporate Services

Company formation in UAE

The United Arab Emirates is the No.1 destination for setting up a new company and growing business opportunities. It became home to thousands of multinational companies including Fortune 500 companies.

Entrepreneurs and investors can find here the following advantages:

  • Government support
  • No personal and corporate tax
  • 100% foreign ownership
  • Favorable investment climate
  • Developed infrastructure
  • High development potential

Free Zone Company

The UAE free zones are not regulated by the commercial laws established by the Ministry of Commerce to regulate the trading activities of mainland companies. The free zones offer foreign investors and entrepreneurs 100% business ownership freedom in addition to tax-free and free custom duty charges.

IFZA
IFZA

International Free Zone Authority (IFZA)

Strategically located in the heart of Dubai, the IFZA is a sought-after free zone that offers an array of licenses for business opportunities and growth. These licenses include consultancy, service, trading, general trading, industrial and holding. The distinct advantage of IFZA is that it is not mandatory to have a physical office space to start a business.

  • Cost effective business incorporation solutions
  • 100% ownership of commercial enterprises
  • Full repatriation of capital and profit
  • No foreign currency restrictions
  • No physical office requirements
  • No share capital requirement
  • Wide and comprehensive range of business activities
DMCC
DMCC

Dubai Multi Commodities Centre (DMCC)

The UAE free zones are not regulated by the commercial laws established by the Ministry of Commerce to regulate the trading activities of mainland companies. The free zones offer foreign investors and entrepreneurs 100% business ownership freedom in addition to tax-free and free custom duty charges.

  • No personal and corporate tax for 50 years
  • 100% capital repatriation and no currency restrictions
  • 100% foreign business ownership (no need for a local partner)
  • Best free zone according to global ranking (The Financial Times fDi Magazine)
  • Single license can hold up to 6 activities
  • One of two free zones that allow crypto-commodities trading
  • Offers dual license
JAFZA
JAFZA

Ijebel Ali Free Zone Authority (JAFZA)

Located near the world's 7th largest container port named Jebel Ali Sea Port, Dubai International Airport and Al Maktoum Cargo Airport, JAFZA is an ideal free zone for multinational corporations (MNCs). There are 6 license types available: trading, industrial, service, e-commerce, national Industrial, and innovation. It is the largest free zone in the MENA region, providing unlimited possibilities for industrial development from its unique, value-added business setup in Dubai benefits.

  • 100% ownership of commercial enterprises
  • Full repatriation of capital and profit
  • No foreign currency restrictions
  • Most ideal free zone for import and export
  • No corporate taxes
RAKEZ
RAKEZ

Ras Al Khaimah Economic Zone (RAKEZ)

Located near a seaport and Ras Al Khaimah (RAK) airport, RAKEZ is one of the largest free zones that offer customizable packages and services as well as state-of-the-art facilities. There are several business license types available in RAKEZ: general trading commercial trade, service, and industrial. It is one of the few free zones in the UAE that offers customizable warehouses and plots of industrial lands for development.

  • 100% foreign ownership
  • Full income and corporate tax exemption
  • Full repatriation of capital and profit
  • No currency restrictions
  • Excellent airport and seaport availability
  • Variety of real estate facilities
DAFZ
DAFZ

Dubai Airport Freezone (DAFZ)

Located next to the Dubai International Airport, DAFZA is one of the fastest-growing economic zones in the Middle East region that offer a well-articulated incentive package to maximize business activity and efficiency. There are several license types available in DAFZ: trade, service, industrial, and general trading. It provides direct access to several government services, including Immigration, Customs, and the Chamber of Commerce in order to streamline procedures.

  • Corporate, personal, import tax exemption
  • 100% foreign company ownership
  • 100% repatriation of capital and profits
  • No currency restrictions
  • Single window convenience for administrative services
  • Dedicated logistics center

Mainland Company

A mainland company is a legal entity registered under the UAE Economic Department (DED) and governed by the UAE commercial company law (Federal Law No. 2 of 2015). It has a variety of advantages in terms of company expansion and investment opportunities. Mainland companies are permitted to trade anywhere in UAE or wider Gulf Cooperation Council (GCC) states.

Corporate Services

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Frequently Asked Questions

How long does it take to set up a UAE Free Zone Company?

The timelines vary for each UAE Free Zone – from 10 working days to 6 weeks. This is also dependent on the licensed activity of the new company (if any special approvals from government authorities are required, the relevant timeframe is likely to increase).

How long does it take to set up a UAE Mainland Company?

UAE Mainland companies take between 6 to 8 weeks to incorporate. This timeframe is dependent on necessary approvals from UAE authorities.

How are companies taxed in the UAE?

The UAE has a 0% rate of corporation tax.

Is it necessary to visit the UAE to set up a company?

This will depend on the type of entity that a client chooses to incorporate. Most UAE Free Zone entities can be incorporated without the need to visit the country. Mainland companies require all shareholders/directors to visit the UAE to sign the company’s articles of association. If, however, the client executes a Power of Attorney, Sovereign can be authorised to carry out all aspects of incorporation and signature on their behalf.

Can Palladium Group assist me with opening a company bank account?

Yes, Palladium Group is well-familiar with the UAE account opening processes and has longstanding relationships with several financial institutions, and can arrange introductions and account openings.

What documentation is required to open a Company in the UAE?

Documentation requirements vary depending on the type of entity that a client wishes to establish, as well as the proposed ownership structure of a new company – whether it will be held by individuals/legal entities or trusts. Upon engagement, Palladium will provide a detailed list of the requirements to simplify the process.