{"id":1514,"date":"2021-01-13T01:32:03","date_gmt":"2021-01-13T01:32:03","guid":{"rendered":"http:\/\/hilaw.se\/?p=1514"},"modified":"2021-12-27T11:02:50","modified_gmt":"2021-12-27T10:02:50","slug":"companies-in-dubai","status":"publish","type":"post","link":"https:\/\/hilaw.se\/en\/companies-in-dubai\/","title":{"rendered":"Companies in Dubai"},"content":{"rendered":"
[vc_row][vc_column][vc_column_text]We at H I Law Firm will help you to establish a company in Dubai and can also offer continuous support after the company has been formed. Here is presented some of the company types in our field of expertise.<\/span><\/p>\n

Free Zone Companies<\/span><\/h3>\n

What is a Free Zone company?<\/span><\/strong>
\nIn Dubai, it is possible to start a company in a so-called Free Zone. It means the company is stationed in an economic zone in an isolated area where certain regulations, specific for the particular Free Zone, applies for the companies. Therefore, taxation, customs and import regulations are not the same as for other companies in Dubai and the rest of the United Arab Emirates. Establishing your company in a Free Zone involves freedom for your company and big opportunities for market expansion.<\/span><\/p>\n

The Free Zones are usually concentrated around particular business industries, so to be able to form a Free Zone company, a license is required.<\/span><\/p>\n

Company regulations<\/span><\/strong>
\nA company in any of the following Free Zones is obligated to follow only the regulations and framework constituted by the respective Free Zone Authority. Therefore, the United Arab Emirates’ laws for companies does not apply. All information about the company is confidential, which includes full disclosure of the names of the company officers.<\/span><\/p>\n

Local sponsors<\/span><\/strong>
\nA requirement for a local sponsor means an individual, company or institution in Dubai must own a share of your company and undertake some administrative work. Having a local sponsor is not a requirement for Free Zone companies. Therefore, the ownership can be 100 % international in Free Zone Companies.<\/span><\/p>\n

Licenses<\/span><\/strong>
\nIn order for you to establish a Free Zone company, you must be granted a licence. Different licences are issued depending on your line of business. The licensing types vary among different Free Zones. We at H I Law Firm can guide you and your company in order for your company to be granted license and be established in the Free Zone best suited for your business.<\/span><\/p>\n

Company types<\/span><\/strong>
\nThere are multiple ways to form a Free Zone Company. You can register a new company in the form of a company type that is accepted in the Free Zone you want to set up your business (for example Free Zone Establishment, FZE, or Free Zone Company, FZC). There is also the possibility to establish a branch of your existing company, which will be treated as a representative office and must correspond with the type of business of the parenting company. At H I Law Firm you are offered the legal assistance that is needed to find out which company type is suitable for you.<\/span><\/p>\n

Below, short information is presented about Free Zones in Dubai and the specific conditions for companies in the different Free Zones.<\/span><\/p>\n

Dubai Airport Free Zone Company<\/span><\/h3>\n

\u2022 Accounting requirement: Accounting records are mandatory and the company must report all transactions\u00a0<\/span>
\n\u2022 Taxation: The company is free from corporate taxes\u00a0<\/span>
\n\u2022 Currency: UAE Dirhams pegged to USD<\/span>
\n\u2022 Time to establish the company: 15 working days<\/span>
\n\u2022 Effective means of communication<\/span>
\n\u2022 Visa: One visa per 8.3 sq ft of office space rented<\/span>
\n\u2022 Number of directors required: Minimum of one person<\/span><\/p>\n

Dubai Media City Company\u00a0<\/span><\/h3>\n

\u2022 Accounting requirement: Accounts and auditing must be reported<\/span>
\n\u2022 Taxation: No corporate or personal taxes<\/span>
\n\u2022 Currency: UAE Dirhams pegged to USD<\/span>
\n\u2022 Time to establish the company: 12 working days<\/span>
\n\u2022 Effective means of communication<\/span>
\n\u2022 Visa: Residence visa issued\u00a0<\/span>
\n\u2022 Number of directors required: Minimum of one person<\/span><\/p>\n

Licenses are primarily given to companies in the media business. There are different ways to be granted a license, depending on the type of company:<\/span>
\n1. Dubai Free Zone Limited Liability Company (FZ-LLC): A FZ-LCC is a company owned by shareholders as individuals and\/or entities. In order for a FZ-LLC to be granted license, it is required that the company have at least one director and a paid up capital of at least 50.000 AED. There are some exceptions from these conditions, which we are glad to inform you about if needed.\u00a0<\/span>
\n2. Branch och an international company or an existing company in the United Arab Emirates: In order to establish a branch in this Free Zone, no share capital is needed.<\/span>
\n3. Freelance: An individual can operate a company as a freelance professional. In this case, the company is operated by the individual in his\/her own name.<\/span><\/p>\n

Dubai Multi Commodities Center Company (DMCC)<\/span><\/h3>\n

\u2022 Accounting requirement: Accounts and auditing must be reported<\/span>
\n\u2022 Taxation: No corporate or personal taxes<\/span>
\n\u2022 Currency: UAE Dirhams pegged to USD<\/span>
\n\u2022 Time to establish the company: 10 working days<\/span>
\n\u2022 Effective means of communication<\/span>
\n\u2022 Visa: Residence visa issued\u00a0<\/span>
\n\u2022 Number of directors required: Minimum of two persons<\/span><\/p>\n

Licensing types:<\/span><\/h3>\n

1. Trade license<\/span>
\n2. Industrial license<\/span>
\n3. Services license<\/span><\/p>\n

DMCC are given primarily within the following industries:<\/span><\/h3>\n

\u2022 Agriculture\u00a0<\/span>
\n\u2022 Fishing\u00a0<\/span>
\n\u2022 Mining & quarrying\u00a0<\/span>
\n\u2022 Manufacturing\u00a0<\/span>
\n\u2022 Electricity, gas and water supply\u00a0<\/span>
\n\u2022 Construction\u00a0<\/span>
\n\u2022 Trading and repairing\u00a0<\/span>
\n\u2022 Hotels and restaurants\u00a0<\/span>
\n\u2022 Transport, storage and communications\u00a0<\/span>
\n\u2022 Financial intermediation\u00a0<\/span>
\n\u2022 Real estate and business services\u00a0<\/span>
\n\u2022 Education\u00a0<\/span>
\n\u2022 Health and social work\u00a0<\/span>
\n\u2022 Other community, social and personal services<\/span><\/p>\n

Dubai International Financial Centre Company (DIFC)<\/span><\/h3>\n

\u2022 Accounting requirement: Accounts and auditing must be reported<\/span>
\n\u2022 Taxation: The company is free from corporate taxes\u00a0<\/span>
\n\u2022 Currency: UAE Dirhams pegged to USD<\/span>
\n\u2022 Time to establish the company: 30 working days<\/span>
\n\u2022 Effective means of communication<\/span>
\n\u2022 Visa: Residence visa issued\u00a0<\/span>
\n\u2022 Number of directors required: Depends on the size of the office area<\/span><\/p>\n

Dubai Internet City Company<\/span><\/h3>\n

\u2022 Accounting requirement: Accounting records are mandatory and the company must report all transactions\u00a0<\/span>
\n\u2022 Taxation: The company is free from corporate taxes\u00a0<\/span>
\n\u2022 Currency: UAE Dirhams pegged to USD<\/span>
\n\u2022 Time to establish the company: 12 working days<\/span>
\n\u2022 Effective means of communication<\/span>
\n\u2022 Visa: Residence visa issued\u00a0<\/span>
\n\u2022 Number of directors required: Minimum of one person<\/span><\/p>\n

Dubai Silicon Oasis Company<\/span><\/h3>\n

\u2022 Accounting requirement: Accounts and auditing must be reported<\/span>
\n\u2022 Taxation: The company is free from corporate taxes\u00a0<\/span>
\n\u2022 Currency: UAE Dirhams pegged to USD<\/span>
\n\u2022 Time to establish the company: 12 working days<\/span>
\n\u2022 Effective means of communication<\/span>
\n\u2022 Visa: Residence visa issued\u00a0<\/span>
\n\u2022 Number of directors required: Minimum of one person<\/span><\/p>\n

Licensing types:<\/span><\/h3>\n

\u2022 Service license<\/span>
\n\u2022 Trade license – Import and export of specifically mentioned products<\/span>
\n\u2022 Industrial license – Import of raw materials, manufacturing, processing, assembly and packaging of specified and approved products\u00a0<\/span>
\n\u2022 Business operation permit – A special license for companies operating in the Administrative Zone of DSOA who have already been issued a license from the Dubai Economic Department (DED)<\/span>
\n\u2022 Entrepreneurial business license – License can only be granted for members of the DSO incubator program and it is a subsidized license issued in return for a small share of the business. The intention is for it to be a support for young and upcoming entrepreneurs.<\/span><\/p>\n

Company types:<\/span><\/h3>\n

\u2022 Branch of your current company<\/span>
\n\u2022 Free Zone Establishment (FZE) – A FZE is a legal entity registered by a single shareholder.\u00a0<\/span>
\n\u2022 Free Zone Company (FZCO) – A FZCO is a legal entity registered by at least two shareholders.<\/span><\/p>\n

Dubai World Central Company<\/span><\/h3>\n

\u2022 Accounting requirement: Accounting records are mandatory and the company must report all transactions\u00a0<\/span>
\n\u2022 Taxation: No corporate or personal taxes<\/span>
\n\u2022 Currency: UAE Dirhams pegged to USD<\/span>
\n\u2022 Time to establish the company: 12 working days<\/span>
\n\u2022 Effective means of communication<\/span>
\n\u2022 Visa: Residence visa issued\u00a0<\/span>
\n\u2022 Number of directors required: Minimum of one person<\/span><\/p>\n

Licensing types:<\/span><\/h3>\n

\u2022 Logistics license<\/span>
\n\u2022 Trade license<\/span>
\n\u2022 Industrial license<\/span>
\n\u2022 Service license<\/span><\/p>\n

Jebel Ali Free Zone Company<\/span><\/h3>\n

Companies in the Jebel Ali Free Zone have the opportunity to trade internationally and be estate owners in Dubai. A company leasing an office space in the Jebel Ali Free Zone is also able to hold a bank account in Dubai and it is possibile to repatriate 100 % of the company’s assets to its home country, without limitations of foreign currency or other capital movements.<\/span><\/p>\n

\u2022 Accounting requirement: Accounts and auditing must be reported<\/span>
\n\u2022 Taxation: The company is free from corporate taxes\u00a0<\/span>
\n\u2022 Currency: UAE Dirhams pegged to USD<\/span>
\n\u2022 Time to establish the company: 15 working days<\/span>
\n\u2022 Effective means of communication<\/span>
\n\u2022 Visa: Residence visa issued\u00a0<\/span>
\n\u2022 Number of directors required: depends on the license issued<\/span><\/p>\n

Licensing types:<\/span><\/h3>\n

\u2022 Trade license<\/span>
\n\u2022 Industrial license<\/span>
\n\u2022 Service license<\/span><\/p>\n

Limited liability companies<\/span><\/p>\n

Dubai Commercial License Company<\/span><\/h3>\n

\u2022 Accounting requirement: No<\/span>
\n\u2022 Taxation: No<\/span>
\n\u2022 Currency: UAE Dirhams pegged to USD<\/span>
\n\u2022 Time to establish the company: 5 working days<\/span>
\n\u2022 Effective means of communication<\/span>
\n\u2022 Local sponsor requirement? Yes, the local sponsor must own a share of a minimum of 51 %. However, the distribution of profits and means does not have to stand in proportion to the shareholding. Instead, the sponsor can be paid a regular payment every year\u00a0<\/span>
\n\u2022 Visa: Residence visa issued<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\t

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