Google Customer Rating
Every businessman in the world has a dream of starting his own company in Dubai but the process for the same is not easy. Strict rules and regulations by the government and tedious process make company registration in Dubai a difficult and troublesome task.
Before starting a business in Dubai one has to do thorough research on every aspect and must go through all the information about the business activity they are to undertake and ensure that they comply with all the business licensing requirements.
Obtaining a trade license is mandatory for starting any business activity in Dubai. The concerned authority which is responsible for issuing local Dubai company licenses is the Economic Development Department, functioning in different locations.
Mentioned Below Are Types Of Trade Licenses.
There Are Numerous Types Of Entities Which Can Be Incorporated In Dubai Such As-
In the Limited Liability Company, the liability of the shareholders is limited to their capital. The maximum number of shareholders in an LLC in Dubai is 50 and minimum is 2. Except for insurance, banking, or monetary investment, the company can carry any business activity.
Steps Involved In Obtaining A Limited Liability Company Registration In Dubai:
An onshore company is a business arrangement which is formed and managed within the jurisdiction of the company. There are numerous perks of having an onshore company which include favorable regulation, taxation policies for companies operating outside of the jurisdiction, broad networks of tax treaties, developed business, banking and supporting sectors, etc. Registration of the onshore company in U.A.E. is crucial and beneficial. Generally, owners manage their business by sitting at their native place, but with the Onshore company, one can easily have the working office and can manage them efficiently.
Steps To Be Taken Before Registration Of The Onshore Company In Dubai:
An Offshore Company is a legal business configuration that is formed and managed outside the jurisdiction of the company.
100% exemption from taxes on personal or corporate income.
Complete ownership for investors regardless of their nationality and domicile.
100% repatriation of capital and profits.
Exclusion from all import and export duties.
Exemption from all the corporate taxes for 15 years, with a renewal option for 15 years with no requirement of deposit of capital.