Free Zones in the UAE
As free zones in the UAE are exempt from the normal procedures that apply throughout the Middle East, they are highly sought after for their unique customs, tax, and import rules and regulations. More than 40 free zones exist in the United Arab Emirates, enabling international investors to purchase all of a company’s shares without the need for a local sponsor.
UAE Offshore companies
The purpose of creating offshore companies is to make the business management easier. This allows the investors/business owners to centralize their resources and investments for maximum benefit. Owners of offshore companies do not have to pay taxes on the profits they make from owning or investing in property, goods, stocks, and shares.
Legal procedures and documentation for setting up a company
The Equera team handles every aspect of business registration, such as ensuring that all legal and company formation documentation is accurate and comprehensive. We appropriately carry out the following processes as part of our business creation services.
- Legal procedures
- Governing the legal structure of the company and the nature of its operations
- Acquiring a trade licence through the DED or the Chamber of Commerce and Industry by submitting business documentation.
- Submitting an application for company registration to the DED, specifying the proposed name of company
- Notarizing the MOA (memorandum of association) of the company
- Registering the trading name
- Applying for a company card
- Attaining initial and special approvals
- Signing the MOA and the lease agreement with the notary public
- Obtaining municipal approval of location and verification
- Processing of documents to get receipt of payment
- Payment of the license fee for acquiring the sales license
- Fulfilling all licensing requirements
- Getting approval from the Title Board and the Ministry of Labor for employees
- Finding a local sponsor (if necessary)
- Preparing company incorporation documents
- Copy of approved rental agreement
- Photocopies of visa, passport, NOC, proof of residence, land map or title deed, identity card, and family register.
- Legal Department approval document
- Approval documents from the Ministry of Economy and other public authorities, if applicable
- License form
- Signing Board
- Notarial certification of the partnership agreement
- Photocopies of the technical assessment report
- Trade name certificate
- Immigration Department visa with stamp
