On 1 June 2021, a new law on commercial companies came into force allowing 100% ownership of companies by foreign investors. This law is applicable to companies created in all Free Zones. You no longer need to partner with a local to do business in Dubai.

In the Free Zone the most common legal form adopted is the LLC (Limited Liability Company), which corresponds to the SARL (Société à responsabilité limitée). Also known as a FZCO or Free Zone Company, this legal form can be owned by an individual or a corporation and can have multiple shareholders and offers a degree of flexibility in terms of ownership and management that makes it the first choice.

The minimum capital varies depending on the business and the Free Zone. In general, the minimum requirement for an LLC is AED 10,000. However, it is important to note that this capital is not required to be paid up and that no proof of deposit of this amount in a deposit account will be required for the creation of the company. This amount will however be mentioned in your legal statutes.

No, Dubai is not considered a tax haven in the strict sense of the word. Although Dubai offers tax advantages that may encourage companies to locate there, it should be noted that a 5% VAT is applicable on the sale of goods and services for companies with an annual turnover of AED 375,000.

Companies based in Dubai are still required to pay taxes on their profits and activities, unless they operate in a Free Zone where they benefit from a corporate tax exemption.

In addition, Dubai has signed double taxation agreements with many countries to avoid double taxation for companies operating in Dubai and other countries. These agreements allow companies to avoid double taxation on their profits and activities in different countries, which contributes to Dubai’s tax credibility.

The opening of a business bank account may be subject to a certain number of conditions which will be analysed by the compliance department of the bank in question.

Our mission is to assist you in putting together the bank file in order to facilitate its acceptance by the bank.

To open a bank account in a local bank, you must have a resident visa and an Emirate ID card. The creation of a Free Zone company makes you eligible to apply for a visa and an Emirate ID Card.

Yes, you can indeed obtain the registration of your Free Zone company without leaving your home and in just a few days.

We take care of all the administrative procedures for you, from the registration of the company name to the drafting and registration of your legal statutes and your licence. All the documents will be sent to you electronically and your business can officially start.

However, it should be noted that if you need a resident visa, you will have to travel to the Emirate for the compulsory medical examination (we will take care of your e-visa before your trip), as well as for the taking of your fingerprints necessary for your Emirate ID Card application.