Wednesday, 25 May 2016

Business Setup in Dubai,UAE

BUSINESS SETUP


Business Setup in Dubai

The UAE offers incoming business with all the advantages of a highly developed economy, and with opportunities booming in the world of business today, International Companies seeking to establish a business in Dubai, have a host of alternatives.

Types of Business Setup:

Mainland Setup UAE main land consist of all Business Entities which are directly registered under, each emirates government and its authorities with the limitation of commercialized geographical areas . These main Land setups directly represent the Government policies and its and its legal Structure towards its most developed Economy.

Free Zone Setup 

Free zones are developed to support economic reform; to act as pressure valves to alleviate growing unemployment; to serve as experimental labs for the application of new policies and approaches; and to attract FDI.The strategic location decision is driven by market potential and the growth of the market share; the proximity to the customer base; the quality and cost of labor, the quality of the transport network, and the incentives offered would be the key features of a free zone setup.
UAE economy is clearly divided between the onshore sector , dominated by local business interests, with restrictions on foreign ownership, and the offshore sector which consists of a number of Free zones. There are no taxes to speak of, on or offshore, but 100% foreign ownership and customs privileges make the free zones the most favorable locations in the Middle East for international operations. We offer our professional services and expertise in the formation of companies in all free zones of UAE including Sharjah Airport International Free Zone (SAIF Zone), Jebel Ali Free Zone Authority (JAFZA), Dubai Airport Free zone Authority (DAFZA), Hamariyah Free zone Authority, Ajman Free Zone Authority, Ras Al Khaimah & Fujairah free zone Authorities.

Offshore Setup

The words offshore business and offshore company have no precise legal, tax or general business meaning. The word offshore often means nothing more than anywhere other than the place of physical location of the person using the word (i.e. overseas). We use the words offshore business & offshore company as terms of definition in connection with matters such as the structuring of international business & family wealth management or tax planning.
Incorporation of an offshore company (or non-resident company) can be used for various purposes. One of the most common is the use of an offshore company as a holding company to hold interests in other companies in various jurisdictions, to hold trademarks, copyrights and other intellectual property rights, as well as to serve as the holding company for licensing of franchises. The income from taxable jurisdiction flowing to the offshore company (holding company) is not taxable.

Trakhees Setup
Trakhees is a new organisation under Ports, Customs and Free Zone Corporation established to combine and streamline all licensing and permit functions within the corporation and its areas of jurisdiction It covers commercial licensing, Civil Engineering, Building Permits and Construction Quality Monitoring as well as Environmental, Health and Safety issues on July 1st of 2008, the new department Trakhees nt into operation and the objective of establishing Trakhees started to materialize PCFC,

Dubai World Business Units, the Engineering Community interacting with Trakhees, and the Dubai World Communities now have a one stop shop where all their licensing and government services can be done.

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