Company formation and operation in UAE involves many procedures from choosing the location to opening bank accounts and procuring visas and registration papers. Most investors find this process to be laborious and time-consuming due to the strict guidelines imposed by the government. World Wide Formations is happy to help you with all the processes and procedures involved in setting up a successful business venture in the UAE.
Investors can choose from two different business models in the UAE:
Free zone setup
UAE is one of the few countries that offer free economic zones in prime locations all over the country. The free zones have laws and facilities separate from the rest of the UAE that ensure that they remain investor-friendly in spite of their varying stipulations and regulations.
Free zones in the UAE offer 100% foreign ownership rights for the investor, in contrast to non-free zone regions, which grant only 49% of foreign ownership. In addition, freezone company setup permits you to repatriate the full capital and profits to your home country which makes it attractive for international corporate clients.
Benefits of Free Zone setup:
Offshore company setup is perfect choice for the companies that do not plan to conduct business in the UAE, yet need a UAE address. Offshore businesses are allowed to bank with national banks and hold investments within and outside the UAE. When setting up an offshore office in a jurisdiction, such as Ras Al Khaimah, you do not need a minimum capital, unlike a Free Zone company, since an offshore setup doesn’t require a physical office.
As per the latest international standards, offshore companies should:
Benefits of Offshore setup: