We generally recommend the LLC Company considering the nature of business plan in UAE. It is also commonly known as LLC Company and having separate legal entity. In this LLC, as per norms you need to give 51% shares to local UAE resident Partner. However, you will have full liberty and freedom to do business and day to day banking. Visit our website for more information.
Tax residency certificate – (TRC) is a certificate issued by Federal Tax Authority (FTA), UAE to eligible companies and individuals to take advantage of agreements of double taxation avoidance on income earned in UAE.
The validity of the certificate is for a period of one year and starting date of the period can be selected by the applicant as per its own requirement.
But in 2020, Dubai is becoming a business hub due to the different advantages that it offers.
High Standard of LivingIf you want to enjoy a high quality of life and living conditions then Dubai and the rest of the UAE is the best place for it.
You have access to free Wi-Fi in public spaces in Dubai which indicates the technological advancements of the place.
Relief from TaxationPaying tax puts a big hole in any businessman’s pocket and in every corner of the world you have to face a long list of taxation.
But, Dubai is offering relaxation from many heavy taxes such as: Personal income taxCapital gains taxWithholding taxCorporate taxAlthough there are some exceptions here like if you are a branch of an international bank, hotel or oil or Gas Company.
Residency VisaDubai has the option of acquiring a residency visa and with it, you can enjoy many benefits such as:You are allowed to open a current account in banksYou can lease an apartment in DubaiYou can get visas for other countries as well.You are free to move in or exit from UAE multiple times.
Sharjah, within the past few years, has been continually trying to form a business-friendly environment for its entrepreneurs, a reason why one should found out business in Sharjah.Read more https://www.branches.ae/setup-business-in-usa-regional-trade-center-free-port/
Mainland Company Formation Dubai Overseas Business Setup is a business setup consultant company in Dubai, United Arab Emirates.
We help businessmen and investors to grow their businesses in Dubai.
Our business setup expert team is an experienced and hard-working team to help you kick start your business all over Dubai.Overseas Company Formation Dubai helps you to set up: 1- Mainland Company2- Free Zone Company3- Offshore CompanyFurthermore, we provide ejari, local agent, local sponsor, office space, and PRO services.For Business Inquiries Call: +971 4 580 5771Visit Our Office: Rania Business Center, Al Barsha 1, Dubai, UAE.