Market participants are always looking for the optimal economic conditions for their activities.
These conditions are currently the most favorable in the United Arab Emirates (UAE) which includes Abu Dhabi, Sharjah, Ras al Khaimah, Adjman, Fujairah, Umm al-Qaiwain, and Dubai as the most significant of the emirates.
This is mainly due to the financial conditions – comprehensive tax exemption, low tariffs, anonymity and safe finances – but also the favorable administrative environment, which proves that 90% of the companies in the UAE are small and medium-sized enterprises.
That is why it is recommended to set up a so-called FreeZone company - but essentially "offshore" - company there.
Our law firm deals with tax law optimization as one of its focal points and has already gone through this process itself, so that it offers its clients the company formation service in the UAE as a well thought-out business model.
As part of asset management, we take over the assets entrusted to us and invest the assets after consultation with our clients.
The following overview helps with the first decision – the competent specialist lawyers of our law firm and our experienced partner accounting office help to work out the details and implement them!
These offshore companies operate in the UAE's - mostly specialized - free trade and investment zones and conduct their activities outside of the UAE – i.e. H. they have no commercial relationship with customers in the UAE.
The company is suitable for investments in holding companies or for conducting global trading / economic activities (e.g. e-commerce, marketing) with its headquarters in the UAE.
These companies enjoy benefits that encompass the entire activity and are extremely attractive:
- Is a settlement/personal presence necessary?
Personal entry to UAE is not required for incorporation, only for visa application and bank account opening.
A branch is also not required for the operation of the company (management can be carried out from abroad), the company only has to maintain an office at its registered office.
A visa is required for personal stay – investor visa for opening a bank account - which can be obtained through the company and also results in a resident status.
The registration of the company itself is fast, it takes only 3-5 days.
Opening a bank account, on the other hand, is more time-consuming and requires expert knowledge.
The costs of setting up a company vary and depend heavily on the location (free zone), the activity and the type of company and are from EUR 4,500 (incl. fee), as well as our fee for opening a bank account by separate agreement.
In addition, there are the other necessary costs approx. EUR 2000 (investor visa, UAE ID card and the necessary medical examination).
If you want to start a company and / or need advice on the conditions under which it is worth starting a business in the UAE for your economic activity, please contact us!
Phone: +361 225 25 30