A mainland limited liability company is a company registered with the department of economic development of an emirate, which requires 51% of the shareholding owned by a local UAE citizen. A mainland limited liability company operates its business under a trade license issued by the department of economic development of the respective emirate, which is renewable every year.
One or more local UAE citizens must own 51% shares of the issued capital of the company and one or more foreign citizens / foreign companies can own the remaining 49% of the issued share capital. UAE citizens who own 51% shares are generally called local sponsors or local partners.
The Memorandum of Association can be drafted in such a manner that only the foreign owner can open, operate and close the bank account(s).
Yes, an LLC can trade locally and internationally. An LLC can also trade with free zones entities in UAE through local dealer or agents.
If you are known to any UAE citizen who is willing to be your sponsor it is well and good otherwise if you do not know any local UAE citizen, we can arrange local partner for you at a reasonable fixed annual fee.
No, they are not involved in the day-to-day business operations of the company; they only help in visa and immigration processing for the company. They can also assist any work related to various government and semi government departments of UAE.
Yes, you are required to rent a local office in the emirate where you want to open an LLC. You will require to maintain an office throughout the life of the LLC.
Yes, an LLC can open its branches all over the UAE, including free zones. An LLC can also open its international branch(s).
An LLC can be incorporated in all the seven emirates of UAE namely Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah, Ajman, Fujairah and Umm al Quwain.
It depends upon the emirate you open the LLC and the business activity you opt for your trade license.
Shareholders of the company get investor visa from General Directorate of Residency and Foreigners Affairs (GDRFA) directly. No labour approval is required for investors.
You get approval for number of employment visas based upon the size of the office space.
A free zone company is registered with a free zone authority and does not require any local UAE citizen shareholding. Foreign citizen(s), company (s) can own 100% shares in a free zone company.
A free zone establishment has only single shareholder whereas a free zone company generally has 2 to 5 shareholders.
It normally depends on the free zone where you register the company and the office space you lease from the respective free zone authority. Sometimes this is also governed by the packages offered by the free zone authority.
Most of the free zones have offices, warehouses and open land for light industrial units. Industries can be opened in some free zone but not in all the free zones. There are various approvals required to start an industry in any free zone.
Mainly it is 100% ownership to foreigners and 100% corporate tax exemptions apart from various other exclusive facilities. Free zone companies still fall under the purview of value added tax and excise tax.
Every free zone has its own set of approved activities which are available for selection. It is your requirement what kind of activities you want to choose from. There are also restrictions on number of activities you can include in your license.
This decision is mostly based on the cost factors, number of visas required, business activity you choose for trade license, distance from other emirates and finally it’s a matter of personal choice.
Yes, it can trade internationally on its own and locally through a registered dealer or agent under the rules and regulations of the respective free zones.
You can open as many free zone companies as you want subject to the approval of the free zone authorities. These companies can be either in the same free zone or various free zones.
Yes, it depends upon the bank if they are willing to open the bank account after completing their compliance. You can also open a bank account in a foreign country.
Every free zone has its own requirements but generally it varies between AED 25,000 to AED 1 Million (approx. US $ 6,800 to US $ 272,500).
No personal income taxes in the UAE
100% ownership of the business
No corporate taxes
Up to 100% repatriation of capital and profits
Modern efficient communications facilities
Direct visa approvals from free zone authorities
Attractive working environment
No restrictions on currency of trade
Outstanding support services
Land is available on lease for light industrial units
Land is available on long term lease with attractive rents
Land is available for industries
Pre-built warehouse / factory / office accommodation units available for lease
On-site accommodation for company staff
Some VAT advantages
A company incorporated with certain offshore jurisdiction to operate worldwide but without any tax liability at the incorporated jurisdiction. An offshore company is a very important tool to operate and control wealth management.
No, you do not get any residence visa for shareholder or an employee of the offshore company, to get a visa, you need to have a limited liability company or a free zone company.
Yes, within the limits of central bank rules and regulations.
Jebel Ali Offshore, RAK ICC and Ajman Offshore.
Yes, an offshore company can own shares in an LLC or a free zone company.
No, an offshore company cannot conduct business in UAE. It can only trade outside UAE.
Yes, subject to the approval of the offshore jurisdiction authority.
Generally offshore companies are opened as holding company, manage group shareholding and complex structures, special purpose vehicle, holding investments, real estate protection, tax savings and to own intellectual property.
It is issued by General Directorate of Residency and Foreigners Affairs (GDRFA) that allows the foreigners to enter and stay in the UAE legally for a certain period. This entry permit may be in a physical or an electronic form.
The entry permit has a validity date, which refers to the period within which the entry permit must be used by the person by entering the UAE.
The duration of stay for each entry permit differs according to the type of entry permit. For example, entry permits for transit allow the person to stay in the country for 4 days, while entry permits for employment allow the employee to stay in the country for two months, during which his sponsor must change the employee’s status into residence visa.
It is issued to the foreigners when the person is already inside the country having entered using the entry permit. A residence visa requires the person to undergo a medical test and prove that the person is medically fit. The person must also pass a security check. The validity of stay on a residence visa varies according to its type and the sponsor. It could be for one, two or three years.
The GDRFA will stick a residence visa on the passport enabling the person to travel freely in and out of the UAE within the validity period of the visa, provided the duration of travel does not exceed six months, or else the residence visa will be cancelled automatically.
Yes, investors with a minimum capital investment in the business and minimum salary requirements can process their family visas.
Yes, employees with a prescribed minimum salary and prescribed profession can process their family visas.
Yes, you can stay at any emirate and freely move to other emirates.
Yes, visitors holding valid international driving licenses can drive in UAE when they are on visit visa.
No, you can only drive in UAE if you hold a valid UAE driving license. Citizens of certain prescribed countries can exchange their driving license with the UAE driving license.
No, all the employees get tax free salary in UAE and their income is not taxable in UAE.
if you hold a residence visa of UAE and want to maintain your residence visa status in UAE, you cannot stay for a continuous period of more than six months outside UAE.
Yes, we can assist you in getting this done.
Yes, we can.
Yes, we do this for many of our clients at a nominal annual fee.
Yes, we can.
Yes, we can.
Yes, we do all kind of simple and complex restructuring and trade license amendments.
Yes, if you have valid UAE residence visa and your country is in the list of prescribed countries.
Yes, we can do it for you.
Yes, we generally do it for most of the companies we incorporate.
Yes, we can assist you. However, it entirely depends on the profile of the client, the nature of business, bank’s terms & conditions and compliance approval.
Yes, we can do it by following the proper rules and regulations of respective emirate or free zone.
Yes, we can.
You are always welcome to contact us by e mail or phone, we will be happy to answer your questions to the best of our knowledge and experience.
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