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.
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.
Opening Bank Account
UAE has a robust financial sector that requires a quality working relationship with a bank that understands your needs. Most banks in the UAE offer high customer service quality with very competitive fees making opening a bank account in Dubai and the UAE a very attractive and cost-efficient option.
Both national and international banks located in UAE are available for expats and nationals: