Business Setup in the United Arab Emirates
Thanks to tax exemptions and flexible economic policies, the UAE has become an extremely popular destination for both Offshore and Freezone companies in recent years. With world-class infrastructure and reputation, it is one of the most suitable locations and bases for building global business in the United Arab Emirates.
Your business is registered in the United Arab Emirates, be it Offshore or Freezone. We carry out the necessary preparatory activities, official permits, and prepare the documents necessary for the establishment of a company.
Our expertise, a high level of knowledge of local legal conditions and economic laws guarantee that your company will be registered without any problems during the establishment of the company, taking into account the highest possible discretion.
Total tax exemption
Easy & fast business setup
Bank account opening
The Free Zone, or free trade zones, are simple tax havens, but free trade, tax and knowledge-based areas in the UAE that offer opportunities for foreign investors in several industries.
The establishment and operation of various Free Zone companies provides economic opportunities for graduates that no other classic offshore country has. There are currently more than forty free trade zones in the United Arab Emirates that are industry and activity specific. A common feature of companies established in different zones is that they are tax-exempt, but they cannot do business in the UAE’s domestic market without a separate permit.
Free Zone companies need a local office, a commercial license and can apply for an internationally accepted proof of residency. For this type of company, a limited number of residence permits and resident visas are also provided to directors and / or shareholders. Companies established in free trade zones have the benefits of almost all classic offshore companies. The reason for this is that there is no taxation in the various zones, no VAT liability and no tax on the wages of the employees working there. The share capital of the company must be paid in by the shareholders in several zones. It is sufficient for a company to have a director and a shareholder, which may also be foreign persons. There are also no restrictions on whether these persons must be a company or a natural person. Like RAK Offshore companies, there is no official, publicly available company register for Free Zone companies.
Specific economic areas specializing in different activities may differ in certain respects. For example, it is not necessary to pay up the share capital everywhere or not in full, there are places where an annual report is requested and in other zones it is not at all. The number of work / establishment permits granted to established companies also depends on each zone.
RAK Offshore offers the benefits of classic offshore companies (IBC – International Business Company), has its registered office in the emirate only, and can only do business outside the United Arab Emirates. A physically existing office in the country is not a requirement for the operation of the company. Another great advantage of RAK Offshore companies is that they are able to open extremely high local currency (USD, EUR, AED) bank accounts within the United Arab Emirates that meet international security standards, providing maximum levels of anonymity and discretion.
RAK Offshore companies are not subject to corporate tax or sales tax, the company does not have to pay any tax on its realized profits. As offshore companies do not have to pay tax on their profits, they are not required to submit a report, tax return or official accounting to local authorities.
International bank account
Our office is in contact with 3 local banks in the Emirates, of which we always help to select the most suitable for the Client’s needs and business ideas in a preliminary consultation. After the selection, we prepare all the necessary documentation for opening a bank account and represent the client in communication with the bank.
In accordance with strict local regulations and standards, Emirate banks provide outstanding protection against bank secrecy and the actual ownership background of the company.
An important factor is that the activation of a bank account requires the personal travel of the shareholder or representative to the country, which serves the highest level of security for the client and the company.