Is it required for the company to have an office in the Middle East?
Yes, setting up a company in Dubai or elsewhere in the Middle East requires a registered office in the country.
What is the required minimum share capital to incorporate a company in the Middle East?
For an LLC, the required minimum share capital is AED 300,000. A PJSC requires a minimum capital of AED 30 million.
Which languages do you speak?
Our SIGTAX Middle East team speaks English and French. We can also assist you in Arabic, Russian, and more.
What are the tax implications for Mainland companies in Dubai?
Companies located on the mainland of Dubai are liable to pay corporate and individual income taxes, along with value-added tax (VAT). Nonetheless, these tax rates are commonly less than those in numerous other nations, and specific categories of businesses and activities can benefit from exceptions and reductions. It is crucial to seek guidance from a tax specialist or legal consultant in order to comprehend the precise tax ramifications for your enterprise.
Can Mainland companies be established in any part of Dubai?
Yes, Mainland Companies based in Dubai have the authorization to conduct operations across any area within Dubai, contingent upon adhering to all necessary legal and regulatory prerequisites.
What restrictions are there for foreign ownership of Mainland companies?
Mainland Companies operating in Dubai usually need to have a minimum of one UAE national serving as a sponsor or partner. Depending on factors like the nature of the business and the office's location, there are instances where the UAE national might hold a controlling interest in the company.
What are the benefits of setting up a Mainland company in Dubai?
Some benefits of establishing a Mainland Company in Dubai are the capacity to engage in trade with governmental organizations and fellow Mainland Companies, the liberty to carry out business operations across various regions within Dubai, and the option to facilitate residency visas for both employees and dependents.
What should I know about Dubai employment contracts in Dubai?
Employment contracts in Dubai should clearly state the terms of employment, including the job description, salary, working hours, and termination conditions. It's recommended to seek legal advice before signing an employment contract.
What is involved in getting a work permit in Dubai?
Getting a work permit in Dubai involves finding a job, having the employer apply for the work permit, and then entering the country on an entry permit before the work permit is issued.
How can I get a work visa for Dubai?
To get a Dubai work visa, you'll need a job offer from a company in Dubai. The company will then sponsor your visa application.
Where can I find business consulting in Dubai?
SIGTAX has a specialized team of business consultants Dubai companies can count on that can provide expert advice on starting and running a business, including business planning, tax planning and strategy development.
Where can I get legal advice in Dubai?
There are many law firms and Dubai business consultants in Dubai that can provide legal advice on a range of issues, including company formation, contracts, and employment law.
How do I create a subsidiary in Dubai?
To establish a subsidiary in Dubai involves registering the company with the Dubai corporate registry, obtaining the necessary licenses and permits, and opening a corporate bank account.
How can I open a bank account in Dubai?
To open a bank account in Dubai, you'll need to provide several documents, including your passport, residence visa, and proof of address. Some banks may also require a letter from your employer or sponsor.
What are the steps to start a business in Dubai?
To create a company in Dubai you need to have a clear business idea, conduct market research, create a business plan, register the company, and obtain the necessary licenses and permits.
How can I register a company in Dubai?
To register a company in Dubai there are several steps, including choosing a company name, determining the type of business activity, applying for the necessary licenses, and opening a corporate bank account. It's recommended to seek professional advice to ensure a smooth process.
Is It Easy To Register a Company in the Middle East?
Starting a business in the Emirates is a complex process. However, with our comprehensive services at SIGTAX, the process becomes much simpler. You focus on what you do best while we handle the rest. From setting up a company in Dubai to assistance with corporate services and residency permits, we provide end-to-end solutions that cater to your unique needs
Where Do You Register a Company in Dubai?
It all depends on the type of your business you select to register and its activities. Our team can help you choose the right jurisdiction for your Dubai company formation, whether it's a Free Zone, Mainland, or Offshore company.
What is a Mainland company?
A Mainland Company is authorized and granted a license to conduct operations in Dubai by the Dubai Department of Economic Development (DED). These types of companies are permitted to function freely throughout the entirety of Dubai and are obligated to adhere to the laws and regulations of the United Arab Emirates.
What is a Free Zone company?
Free zone companies operate within designated areas, enjoying benefits like tax exemptions and 100% foreign ownership. To set up a business in Dubai, free zones can be an attractive option for trading, consulting, or service activities.
What is a Free Zone in Dubai?
A Free Zone in Dubai is an established area which allows entrepreneurs the possibility of completely remote ownership of their businesses, as well as tax and custom duty benefits. Free Zones are primarily interesting for foreign investors and they facilitate and promote business growth in Dubai.
Why should you invest in the Middle East?
The Middle East offers a promising business environment, stable economy, appealing tax system, robust banking, well-developed infrastructure, and skilled workforce.
How quickly can a company be established in the Middle East?
To set up a company in Dubai or other parts of the Middle East typically takes 7-14 days.
What other types of taxes are levied in the Middle East?
The Middle East primarily levies VAT.
Is it required to have special permits or licenses for doing business in the Middle East? Special permits or licenses may be required, depending on the business activity.
What are the corporate taxes in the Middle East?
The Middle East is largely tax-free, with exceptions for specific sectors.
What is a Middle East holding company, and what benefits does it provide?
A Middle East holding company manages investments without conducting business in the Middle East, enjoying tax advantages.
Is it possible to open subsidiaries in the Middle East?
Yes, foreign companies can open subsidiaries in the Middle East, an optimal choice for Dubai company creation.
What do you need to open a bank account in the Middle East?
To create business Dubai or elsewhere in the Middle East, open bank account Dubai with the required documents like the Memorandum of Association and Trade License is essential.
How to register a company in the Middle East?
To register a company in Dubai or other parts of the Middle East involves choosing a unique company name, selecting a suitable structure, opening bank account in Dubai to deposit share capital, and preparing the necessary documents. Registration with the Middle East Department of Economic Development (DED) and VAT is also required for Dubai company registration.
Is it possible for a business to sponsor multiple employees for residence visas in Dubai?
Yes, it is possible for a company in Dubai to sponsor multiple employees in obtaining a residence visas so long as they meet the requirements and prove a legitimate business need for said employees.
Can I leave and re-enter Dubai with a residence visa?
Yes, holding a residence visa generally allows you to leave and re-enter Dubai provided the visa is still valid.
How long does a residence visa last?
Residency visas, family visas and investor visas are valid for two years.
Who is eligible for a residence visa in Dubai?
Depending on the kind of visa, different people are qualified for residency visas in Dubai. An individual may be qualified for a resident visa if they have an offer of employment in Dubai, run a business there, or have family members who reside there.
What is a residence visa?
A residence visa is a document that enables you to live in Dubai for a specific amount of time.
What types of companies can be incorporated in the Middle East?
Foreign investors can incorporate various types of companies in the Middle East, such as Limited Liability Companies (LLC), Public Joint Stock Companies (PJSC), business partnerships, company branches, and sole proprietorships. Our Dubai company formation services provide diverse options for different business needs.
Who can establish a company in the Middle East?
Any individual, whether a Middle East resident or foreigner, can establish a company in the Middle East. Registering a Dubai business offers the same opportunities to foreign investors as local entrepreneurs, provided they abide by Middle East law.