Business Setup Advisory
Why Choose the UAE for Your Business Setup?
Setting up a business in the UAE means gaining access to the best infrastructure, regulatory environment, cutting-edge technologies, sustainable resources, and other amenities within your quick reach. Being strategically located between the crossroads of Africa, Europe, and East Asia, the UAE signifies numerous benefits such as
- A globally competitive trading market
- Healthy international relation
- Strong financial reserves
- Increased foreign direct investments
- Multi-specialty business zones
- No trade barriers and low customs tariffs
- 100% repatriation of capital and profits
- Easy access to the most advanced medical facilities, education, and research centers
- An effective visa system, with no limits on the number of visa issuance
- Access to a top-notch lifestyle, high-profile conferences, trade events, and international exhibitions
Why do you need Advisors for your Business Setup?
Opting to hire professional business setup consultants in the UAE will give you the ultimate exposure to all the techniques of ‘how to’ and ‘where to’ start a company/business in the appropriate service zones.
Some of the major benefits of hiring a business setup advisory are:
Precision of all the legal
procedures and formalities,
and business licensing
Expert industry knowledge
and business structuring
Understanding the different
business zones
Assessment of business
setup costs and profits
Efficient and smooth registration process and all kinds of paperwork clearances
Diversity of business ideas
How will INCORP assist you?
At INCORP, our team of specialist consultants will guide you through the entire company formation procedures and formalities, based on our industry experience, over the span of 18 years. Our consultants are experts in all aspects of government regulations, like business licensing, legal procedures, and security approvals, relating to business setups in different service areas.
Different Types of Business Setup in the UAE
-
Mainland Company Formation
-
Freezone Company Formation
-
Offshore Company Formation
Our Business Setup Services
Company Formation in the UAE Mainland, Freezone, and Offshore
PRO Services
Company Liquidation
Services
Tax Residency Certificate
(TRC)
Our Focal Point of Service
A. Pure business setup consultancy
As professional consultants, we offer the fundamental solution for company formation to all foreign investors and entrepreneurs in the UAE. We help you in:
- Deciding the right business activity
- Forming your business plan
- Deal with the Department of Economic Development (DED) and the Freezone Authority
- Getting a business license
- Prepare various legal documents and paperwork
B. Business structuring
When incorporating a business in the UAE, it is very crucial to choose the type of legal structure for your business. This legal structure will determine the investor’s personal liability, capability to raise funds, ownership arrangement, and the documentation process. The most common legal business structures in the UAE are:
Sole Proprietorship
A single person can be the owner responsible for handling all the profits and liabilities of the company.
Limited Liability Company (LLC)
An LLC is owned by multiple shareholders, and the liability of these owners or shareholders towards the company is limited to the level of capital it has invested.
Civil Company
A civil company can be owned by recognized professionals like accountants, lawyers, doctors, etc. The individual can be of any nationality, however, an LSA must be hired if the company doesn’t have a local partner.
C. Corporate Restructuring
Business Restructuring is the process of reorganizing the legal, proprietary, operational, and other structures for better commercial outcomes. The main objective of restructuring a business is to lower liabilities, enhance financial performance, exploit technological expertise, safeguard shareholders’ interests, and streamline the management system.
Over the years, a few strict government regulatory and compliance mechanisms were introduced to promote business transparency of UAE-registered companies, prevent financial fraud and tax evasion, combat money laundering, and improve corporate governance in the UAE.
- Ultimate Beneficial Owner (UBO)
As part of the UAE Regulatory Compliance, Beneficial Owner Procedures Regulation, commonly known as Ultimate Beneficial Owner (UBO) was introduced in the UAE vide Cabinet Decision No. 58 of 2020, on 24 th August 2020. An Ultimate Beneficial Owner (UBO) is an individual who is the supreme beneficiary of a company. This regulation was put into effect to mitigate the threats of financial counterfeits.
- Economic Substance Regulations (ESR)
The Economic Substance Regulations (ESR) was formally introduced to the United Arab Emirates through Cabinet of Minister Resolution No. (31) of 2019, on the 30th of April 2019. The regulation intends to curb harmful tax practices while complying with global guidelines.
- Corporate Tax (CT)
On January 2022, the UAE Ministry of Finance announced the introduction of a federal corporate tax, that will be effective for financial years starting on or after 1 June 2023.
Corporate Tax (CT) is a form of direct tax levied on business organizations’ net income or profit. The CT will be applicable to all companies, except for the activities relating to the extraction of natural resources.
CT will not be applicable to personal incomes from employment, real estate, and other investments, or any other income earned from activity, which need not have a commercial license or permit to be undertaken in the UAE.
- Transfer Pricing (TP)
With the introduction of Corporate Income Tax (CT)in the UAE, effective from 1 June 2023, transfer pricing (TP) regulations will be mandated in the UAE for the first time. Transfer pricing is the term used to describe all pricing arrangements between two related parties. The term ‘Related Parties’ refers to entities or individuals that are related through ownership or kinship.
D. Branch Company Formation
Foreign companies can gain a formal presence via a branch office/company in the UAE. These branch offices can enjoy full ownership, have the same legal status as that of their parent company, and even operate under the same name as their parent entity.
E. Industrial License
An industrial license in the UAE is issued when the commercial activity undertaken is industrial or manufacturing. The different types of industrial licenses are –
- Mainland license: An industrial license in the mainland is granted to carry out large- scale productions and manufacturing activities. There are plenty of approvals to be required from various authorities, and to qualify for an industrial license must have a physical office.
- Freezone license: Under the Freezone Authority, with an industrial license, you are permitted to perform commercial activities like manufacturing, packaging, and processing.
How can INCORP help you?
Company Formation Specialists
Expert Advice and Consulting
Hassle-free Methods
No Extra Costs
Licensing Support
Our Services
MAINLAND COMPANY SETUP
Setting up your office in Dubai Mainland promises thriving investment opportunities. We are specifically offering you the most sought-after business environment, to actively reach the multicultural audience and expand to the local UAE market.
FREEZONE COMPANY SETUP
A modern economic boost to both aspiring entrepreneurs and established multinational corporations. With world-class amenities and commercial benefits, we are here to assist new clients set up their dream companies in their aspired Freezones.
OFF SHORE COMPANY SETUP
The best option for safeguarding your assets in a tax-exempted environment. With tremendous opportunities for international trade, the Offshores offer hassle-free government regulations and a robust business financing infrastructure.
OFF SHORE COMPANY SETUP
The best option for safeguarding your assets in a tax-exempted environment. With tremendous opportunities for international trade, the Offshores offer hassle-free government regulations and a robust business financing infrastructure.
BUSINESS SETUP ADVISORY
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
COMPANY LIQUIDATION
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
COMPANY LIQUIDATION
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
tax residency certifictae (trc)
Safeguard your tax status in the UAE with the aid of a TRC. Collaborate with Incorp to avail the numerous lucrative advantages of how a TRC can help to avoid being doubly taxed in different nations.
PRO SERVICES
A successful business can only operate efficiently with professional PRO services. We provide unconstrained and versatile services for the smooth initiation and transparency of your business plan.
MAINLAND COMPANY SETUP
Setting up your office in Dubai Mainland promises thriving investment opportunities. We are specifically offering you the most sought-after business environment, to actively reach the multicultural audience and expand to the local UAE market.
FREEZONE COMPANY SETUP
A modern economic boost to both aspiring entrepreneurs and established multinational corporations. With world-class amenities and commercial benefits, we are here to assist new clients set up their dream companies in their aspired Freezones.
OFF SHORE COMPANY SETUP
The best option for safeguarding your assets in a tax-exempted environment. With tremendous opportunities for international trade, the Offshores offer hassle-free government regulations and a robust business financing infrastructure.
BUSINESS SETUP ADVISORY
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
COMPANY LIQUIDATION
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
tax residency certifictae (trc)
Safeguard your tax status in the UAE with the aid of a TRC. Collaborate with Incorp to avail the numerous lucrative advantages of how a TRC can help to avoid being doubly taxed in different nations.
PRO SERVICES
A successful business can only operate efficiently with professional PRO services. We provide unconstrained and versatile services for the smooth initiation and transparency of your business plan.