Company formation in Dubai
Doing business from the UAE is a great way to optimize your global operations and taxation.
UAE is a place with real economy and yet zero taxes - a perfect combination for setting up a company in Dubai for your international business.
UK entrepreneurs are currently going through unstable times and worry how Brexit will affect their businesses. Meanwhile, UAE welcomes them to relocate and continue operations stress-free right now.
Why doing company formation in UAE for a UK business?
1. UAE is free from personal and corporate income tax
Setting up a business in Dubai or anywhere in UAE means that this business is not liable to pay income taxes. UAE has only one type of tax - VAT. It applies only to businesses doing local sales and equals to 5%, which is really low in comparison to the UK VAT.
2. UAE currency rate is stable and linked to USD
UAE currency is called Dirham (AED). Its value towards USD has not changed at all in the past few decades: AED-USD exchange rate is 3.6725. It gives certainty in planning of your future operations and transactions.
3. Full repatriation of your capital and profits
Any UAE company is allowed to repatriate its income at any time without questions or audits. Company owner always has 100% control over its funds.
4. UAE satisfies economic substance requirements
You can rent offices in the UAE much cheaper than in the UK or EU, hire affordable manpower and easily arrange company management. Today UAE is one of the primary options for relocation of the businesses from BVI and other vulnerable jurisdictions from substance point of view.
5. Double taxation treaties between UAE, UK and all the EU countries
If you are doing cross-border business, you can benefit from these treaties to avoid paying double tax in two different countries. UAE helps you to waive certain personal income taxes in the UK or EU, dividend tax and a few others.
6. Developed UK expat community
UK expatriates are one of the largest groups of foreigners living in the UAE. Thus, you can find a lot of infrastructure that makes you feel like at home: about 60 British schools only in Dubai, UK groceries, restaurants and even pubs, communities where English people prefer to live.
7. UAE - UK relations are set to become closer after Brexit
UAE is one of the largest UK trading and business partners. Historically, the two countries enjoyed strong partnership, which is expected to grow and tighten even more after the UK leaves the EU.
How much does it cost?
The price depends on your requirements and the location of your business. UAE free zone setup is one of the most demanded options. Check out a few popular packages
RAK offshore company
- Unlimited business activities
- UAE bank account
- Cheap and easy maintenance
UAE free zone company
- Dubai and Abu Dhabi business setup
- UAE residency
- Bank account in Dubai
Bank account
- Personal bank account
- Corporate bank account
- International online access
Frequently Asked Questions
Here are the most frequent questions from our UK clients. If you do not see the question you want to ask, contact us for a free consultation!
Do I need to come to UAE to open a company or I can do it remotely?
If you are starting a business in Dubai free trade zone, you will have to make a visit for the company registration. But if you are opening a company in any other UAE free trade zone, personal presence is not required in most of them.
How can I pay for company registration in Dubai?
All payment methods are accepted: cash, bank transfer, credit card or even PayPal.
Which documents are required for company formation in Dubai?
The documents depend on the authority where your company will be registered. Generally, the following documents and details are required: passport copy, recent utility bill or another address proof document, personal photo, options of company name, business activity.
Can I open a bank account in Dubai?
Yes, you definitely can. If you do business setup in Dubai or another emirate, you will be eligible to open an account in any of the local banks. The biggest UAE banks include: First Abu Dhabi Bank, Emirates NBD, Mashreq, RAK Bank, Emirates Islamic Bank.
I did company formation in Dubai. Do I need to rent an apartment in order to get my UAE residency?
No, resident visas of company owners and employees are granted regardless of the apartment rental contracts or ownership. You will have your resident visa without an apartment rent.
Can I open UAE resident visas for my family members?
Yes. You can open family visas after you have done your own resident visa. The family members whom you can sponsor normally include: parents, spouses, children. You can also open resident visas for the domestic helpers. You need to rent an apartment in order to get family visas approved. Don't forget to have marriage and birth certificates attested at UAE Embassy at the country of origin.
What can Emirabiz do for you?
We enjoy creating business registration solutions. We do it quickly and efficiently. Our team is just a phone call away to start working on your business setup idea right now.
About us
We are business setup advisors based in Dubai
Emirabiz is a team of qualified business setup consultants in Dubai. We have experience and understanding of business setup procedures in all UAE authorities: offshore, Free Zone and mainland.
We are here to help you find the most suitable way of business registration and implement your company registration plan.
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