In the UAE, businesses can be set up either onshore or in one of the many established free zones. The key differences are in the ownership structure and the potential tax status should the government decided to commence taxation in the future. While free zones in general allow 100% foreign ownership and provide tax-free status to companies, there may be restrictions on the nature of activities that the free zone companies can undertake. For an onshore business, 100% foreign ownership is not allowed. The company can also take different legal structures such as branch, sole establishment, partnership or limited liability company.
If you are looking to set up a company in the UAE, we will be able to assist you with all aspects of the company set up. We can:
- Advise you on the appropriate corporate structure; and
- Assist you with the incorporation process.
We will also be able to assist you with any ancillary services that you may need to commence operation such as opening a bank account and obtaining visas.