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General Information about Business Setup in Dubai

To setup any business in Dubai, UAE the steps sketched out underneath must be attempted with a specific end goal to meet the legal necessities of all concerned government experts and to ensure most extreme business advantage for the entrepreneur:

  • Decide, at the beginning, the categories and sort of business activities to be practiced. If you don’t mind decide all the related business activities that can be incorporated into every business permit, subject to a most extreme of ten activities for every permit.
  • Decide the suitable business legal document for your business taking over the coveted business activities and the number and nationalities of the entrepreneurs.
  • Decide the trade name of the business. To survey the terms and conditions for the determination and endorsement of trade names.
  • Present an application to the Department for an Initial Approval and enrolling the trade name.
  • After getting the Initial Approval, you can rent premises and contact the counter of the Planning Department of Dubai Municipality with a specific end goal to confirm this said premise is suitable for the business.
  • Present an application to one of the Department outside branches for a signboard permit for a business trade name as required by the monetary directions.

Documents Required for Professional firms/company setup in UAE

  • Company profile
  • Financial statements for the last two years
  • Passport copy of the local service agent
  • Board resolution for establishing a branch and to appoint the manager for the same
  • Passport copy of the Manager
  • Attested copy(from UAE Embassy) of organization memorandum of association
  • Local service agency agreement duly notarized in the UAE courts

company setup

CHOOSE YOUR BUSINESS CONSULTANT IN DUBAI

NAM ASSOCIATES CHARTERED ACCOUNTS, DUBAI

Visit: www.namaccountants.com

New DIFC Law Set to Help Small Private Companies in UAE

http://www.namaccountants.com/company-formation/llc-company-dubai-uae.html

Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has enacted changes to the Dubai International Financial Centre (DIFC) authority’s legal and regulatory framework.

The newly enacted laws, which update the DIFC’s companies and property regimes, as well as the overall operating environment for entities based in the centre, aim to ensure that the DIFC remains the most sophisticated and business-friendly common law jurisdiction in the region.

The new law will now follow a public and private company regime after substantial research, consultation and global benchmarking to allow maximum flexibility, especially for small private companies.  In addition, it will provide appropriate levels of oversight for complex corporate arrangements, such as those associated with listed entities, mergers, schemes of arrangement and debt restructurings.

The changes to the companies law are accompanied by a complete revamp of the Centre’s companies and operating regulations to facilitate ease of doing business, whilst complying with the latest requirements of the Financial Action Task Force and the Organisation for Economic Co-operation and Development on transparency of beneficial ownership and anti-money laundering requirements.

The changes to the Real Property Law and Strata Title Law implement an updated property regime that ensures better protection for owners and mortgage holders of DIFC properties, and also introduces an off-plan register and escrow requirements for developers.      Essa Kazim, chairman of DIFC Authority Board of Directors and Governor of the DIFC, said: “A robust and comprehensive legal framework is one of the foundations of a major financial hub, such as the DIFC, as it ensures businesses and investors can operate easily and with confidence. We continue to develop and adapt our legislative system, in line with international best practices, reinforcing our position as one of the world’s top financial centres.”

He added: “In addition to elevating transparency standards and protecting purchasers and investors, the changes will continue to enhance our business environment and reduce barriers to entry, while increasing the cost-efficiency and flexibility of small businesses, which constitute an increasing number of companies operating within the DIFC.”

The new law replaced the former Companies Law and its operating regulations. We will glance through the key changes under the Companies Law and Regulations and Operating Law and Regulations.

 

Key Changes to the Former Companies Regime

  • Key changes in the Companies Law and Regulations
  • The new law has abolished limited liability companies and has introduced a new classification of public and private companies. The private and public company regime will now allow maximum flexibility, especially for small private companies. With the introduction of the new law, private companies limited by shares (Ltd.) can have up to 50 shareholders and public companies limited by shares (Plc.) can have any number of shareholders. Moreover, there will be a distinct set of requirements for both of them.
  • A public company must operate with at least two directors and a company secretary whereas a private company is not required to appoint a company secretary and can operate with just one director.
  • The new law will further expand directors’ duties for DIFC companies. They are expected to disclose any interest in a transaction that is entered into or is proposed to be entered into by the company that conflicts or may conflict with the interests of the company. Furthermore, directors are required to act honestly, lawfully and in good faith keeping the best interest of the company.
  • Another change is, a public company is required to have a minimum of USD 1,00,000 capital, of which at least 25% must be paid up. However, a private company is not required to have a minimum share capital.
  • The new law also introduced a statutory pre-emption right for existing shareholders of the companies to guard against undue dilution of their existing rights.
  • The new law has enacted a new schedule of administrative fines that the Registrar of Companies can impose on a company.
  • As per the new law, companies are not required to notify ROC about the initial allotment of shares. Notification is required only in case of subsequent allotments.
  • The law further provides new provisions for ‘whistle-blower’ protection.
  • The law also enhanced the company accounting and auditing requirements.
  • Key changes in the Operating Law and Regulations
  • The new law provides a detailed framework for the role of the Registrar of Companies. ROC’s role will now include supervision and monitoring of the DIFC law and ensuring that the companies operating within DIFC are complying with the law.
  • The new law further enhanced the licensing regime by providing a detailed framework concerning the licenses issued by the Registrar of Companies and their types. The new licensing regime will enable companies to conduct more business within DIFC or from DIFC. The new law requires companies to file a confirmation statement in case of license renewal.
  • The law has strengthened the powers of the Registrar relating to inspection and investigations.
  • The law also provides an extension of the ROC’s enforcement powers.

 

What are the objectives of the legislative changes?

The legislative changes are aimed at providing flexibility to the companies operating in the DIFC. The law further aims to enhance the business environment and reduce entry barriers in the DIFC. Moreover, it will increase the cost-efficiency and flexibility of small businesses, which constitutes a major portion operating within the DIFC.

 

How can we help you?

Nam Accountants Group is a cross-border advisory firm focusing on providing financial consultancy and advisory services . We  can assist you in registering and securing ongoing compliance by advising you on the changes as per the DIFC regime and helping you with the incorporation of a company as per new law. For further information, you can visit http://www.namaccountants.com/

or

email at Info@namaccountants.com

These UAE residents can get long-term visa

These UAE residents can get long-term visa

The decision aims to maintain the position of the UAE as a country having optimal business environment.

 The UAE Cabinet on Saturday approved the recently announced long-term visa system, which includes 10-year residency visa for investors and specialists and five-year visa for exceptional students.

The decision of the Cabinet will facilitate visas for investors, entrepreneurs, specialized talents, researchers – including their spouses and children – and create an encouraging environment for the growth of business for investors, entrepreneurs and professional talents.

The decision includes the terms and conditions for obtaining long-term visas for all the above-mentioned categories as well as outstanding students to attract talents in all vital sectors of the national economy. The visa benefits for the family ensures a cohesive social structure that will create a stimulating environment for stability and growth. Here are the categories and specifications”

These UAE residents can get long-term visa

1. INVESTORS (10-year visa)

Two categories of investors benefit from this, and the decision includes provisions to grant them the visas.

Investors in a property of a value of Dh 5 million or more will be granted a residence for five years, while investors in public investments through a deposit, an established company, business partnership of Dh10 million or more, or a total investment of not less than Dh10 million in all areas mentioned as long as non-real estate investments [ not less than 60 per cent of the total investment[ will be granted a renewable residency visa every 10 years.

The Cabinet decision outlines the following conditions for both categories:

>The amount invested shall be wholly owned by the investor and not loaned, and should be proven by supporting documents

>Investment retention for at least three years

>A standard financial liability with a financial solvency not exceeding Dh10 million

> The long-term visa could also be extended to include business partners, provided that each partner contributes Dh10 million, the spouse and the children, as well as one executive director and one advisor.

However, the decision allows investors to enter the country for a six-month period, multiple entry, to apply for the long-term visa requirements.

2. OUTSTANDING STUDENTS

The decision also includes provisions for granting a 5-year visa to outstanding students with a grade of at least 95 per cent in public secondary schools in public and private schools, and a distinction of at least 3.75 GPA upon graduation from universities within and outside the country. Benefits include families of the outstanding students.

3. ENTREPRENEURS

Entrepreneurs will be granted a 5-year visa with a possibility for upgrading to an investor’s visa provided they meet the requirements. The decision also includes the terms to grant long-term visa to two categories of entrepreneurs; having a previous project with a minimum of Dh500,000, or having the approval of an accredited business incubator in the country.

The benefits of the entrepreneurial visa include entrepreneurs, partners, three executive directors, spouse and children. The entrepreneur is allowed entry into the country for six months, multi-entry visa period, with renewal for another six months.

4 SPECIALISED TALENTS (10-year visa)

The decision also includes provisions for granting a 10-year visa for specialised talents and researchers in the fields of science and knowledge for doctors, specialists, scientists, inventors. As well as creative individuals in the field of culture and art. The visa’s advantages include the spouse and the children.

All categories are required to have a valid employment contract in a specialised in fields of priority for the UAE, and the conditions for each category are defined as follows:

>Scientists:

– To be accredited by the Emirates Scientists Council

– Holders of the Mohammed Bin Rashid Medal for Scientific Excellence.

>Creative individuals in culture and art

– Accredited by the Ministry of Culture and Knowledge Development

>Inventors

– Obtain a patent of value added to UAE’s economy with the approval of the Ministry of Economy

>Exceptional Talents:

– Those who have exceptional talents that are documented by patents or scientific research published in world-class journals

>Executives:

– Owners of leading, well-known and internationally recognised companies

– Holders of high academic achievement, professional experience, and position (Example, an engineer in a rare specialty with a university degree and working in a private company in the UAE). The inclusion of this category aims at maintaining current competencies and attract new competencies

Criterion for doctors and specialists

Requires at least 2 of the conditions mentioned below:

1. Holder of a PhD degree from one of the top 500 universities in the world

2. Holder of an award or certificates of appreciation for the work in the applicant’s jurisdiction

3. Contribution to a major scientific research related to the work of the applicant

4. Published articles or scientific books in distinguished publications in the field of work of the applicant

5. Membership in an organisation related to the work of the applicant, which requires excellent work to accept membership

6. A PhD degree in addition to 10-year professional experience in the applicant’s field of work.

7. Specialisation in areas of priority to the UAE (additional requirement for the doctor)

DUBAI EXPO 2020- A WINDOW OF OPPORTUNITY

DUBAI EXPO 2020- A WINDOW OF OPPORTUNITYDubai is getting set to play host to the world between 20 October 2020 and 21 April 2021. These dates mark the start and end of the Dubai Expo 2020 – an extravagant event that will serve as a confluence of ideas and expected to be attended by 25 to 30 million people from around the globe 70% of which will be innovators and investors from over 180 countries.

What is Expo?

It is a global destination for millions of people to share ideas, showcase innovation, encourage collaboration and celebrate human ingenuity. They are organised every five years and last for six months.

The first World Expo was held in 1851 at London’s Crystal Palace and was known as The Great Exhibition of the Works of Industry of All Nations. It displayed about 100,00 objects showcasing the inventions from the industrial revolution.That was called the Great Exhibition of London and showcased the innovations and inventions of the industrial revolution.

The Dubai Expo 2020 is organised by BIE (Bureau International des Expositions), a global intergovernmental organisation in charge of overseeing and regulating World Expos, since 1931.

 

The Expo 202o offers a unique opportunity for those considering company setup in Dubai. This is the first expo that will be hosted by the Middle East, North Africa and South Asia and the infrastructure added by it is predicted to add 1.5% to Dubai’s GDP over a 6 year timel

Opportunities Everywhere

Many global economic experts predict that nearly three hundred thousand new jobs will be created in Dubai by the time the Expo opens up for the world, with 90% of the jobs being created from 2018 to 2020. This simply means a massive increase business opportunities in Dubai in the following sectors:

➔ Skilled and unskilled labour – The Expo is expected to have a cascading effect on the job market, and human resource business opportunities on all sectors are expected to rise in tandem.

➔ Real estate – The massive influx of people into Dubai is expected to cause an exponential boom for the established names in the construction business. The massive demand is also expected to pave the way for many new entrants in this sector.

➔ Services – Service field businesses such as travel agents, legal advisors, and law firms such as legal consultants for company formation in Dubai as well as medical practitioners and hospitals will continue to be in demand.

There might not be a better time to start planning for business setup in Dubai than just before the Expo 2020.

 

The Boom During The Expo

Some of the businesses expected to have improved opportunities during the Expo are:

★ Printing and packaging – The Expo is expected to place an increased demand on supplementary businesses like the printing and packaging industry resulting in phenomenal growth during the Expo period.

★ Media and advertising – All kinds of advertising and media operations will see a massive boom during the Expo.

★ Hospitality – The unparalleled number of visitors will fuel a tremendous growth in the hospitality industry.

★ Travel Agency – The high number of foreign visitors will provide a massive opportunity for the travel agents of UAE.

 

The Expo 2020 is also expected to act as spur for the tourism industry. The many Small and Medium Enterprises (SMEs) in Information Technology can use this as an opportunity to popularise an idea they have or a bring in a new application that could potentially lead to its mass adoption. Artists and designers will be able to showcase their collection to a very diverse market. Freelancers like writers, software developers, gamers will be able to find new collaborations. Expo 2020 will generate at least a million jobs indirectly.

 

The Boom After The Expo

 

Long after the Expo is over it will continue to feed Dubai’s economy, several new projects commissioned during the Expo will find completion and those sectors that will continue to receive the results:

  • Human resource services – Many cutting edge companies and enterprises visiting Dubai will choose to stay back and initiate their business operations in UAE. This opens an opportunity in the Human Resource Sector to supply the required resources for these industries.
  • Construction – The large scale infrastructure projects will provide a spike in Dubai’s construction sector as well as create additional metros, roads, power plants and lead to the reclaiming of land for development.
  • Energy & Water – The demand for energy and water will increase rapidly due to the increased business opportunities.

 

With the theme of “Connecting Minds, Creating The Future” Dubai Expo 2020 pays homage to the strategic location of Dubai as the ideal connector between East and West. Dubai Expo fosters an ideal environment for entrepreneurs all around the world to collaborate and come up with new ideas to make the world a better place.

 

International companies looking to set up a business in Dubai ahead of 2020 are urged to seek assistance from a local company formation expert with relevant knowledge and experience of company formation in Dubai and its many Free Zones. Make the most of this chance and start your company in Dubai to become a part of the success story of the Expo.

 

Get in touch with  an established business setup consultant in Dubai who can help you obtain requisite permits and permissions for any venture you are interested in launching in Dubai. Most well-known agencies provide company setup in Dubai mainland as wellnes.

For more details  visit:                                                                                                                          http://www.namaccountants.com/company-formation.html                                                                                                  or                                                                                                                                 contact  : +971-558876440

 

Strategic Business Plan for Offshore Company Formation

A determined entrepreneur must have a concrete business plan. With it, an entrepreneur knows the potential challenges in the business and providing effective business solutions. And, whenever you struggle in running your business, there is an overall direction and plan in place to follow or refer back.For startups, it is always helpful to have a company formation expert with relevant experience in strategic business planning working alongside you. They can help start your business on a positive note by recommending the most appropriate jurisdiction.

So read on. And, know the benefits of getting a formation agency with the knowledge in effective strategic plans.

 We can suggest you the best offshore registration suitable for your business and can also help you through all the legal complications that can occur in the offshore registration process.

A strategic business plan is essential for offshore company startups. Know the benefits getting a company formation agent with strategic planning skills.

Why Consult a Company Formation Agent for a Strategic Business Plan

Strategic planning can be an effective process in putting a new company abroad. Before registering a business offshore, make sure you also have better business solutions to help you in managing your company.

Always bear in mind that besides foreign companies, it is also important to consider local businesses. So, by tapping on a reliable formation specialist, you can come up with an effective business strategy. This will enable your business to outshine your competitors once you start business activities.

Now, how can you find an agent to help you create an effective strategic plan for your offshore business? Well, this guide will help you choose the right expert for your business needs.

Choosing a Company Formation Agent for Startup Business Plan Solutions

A reliable formation agency is not the only expert in registering a company. They also have the skills to provide effective business solutions, especially for offshore business startups.

Here are the top three qualities of a formation specialist that startups should look out:

Professional Knowledge and Expertise

This is the best quality of a company formation expert. They are fully aware of the local laws of the land. They know the trend and business condition of a particular jurisdiction. So, that makes them a perfect candidate to become a consultant for strategic business plan solutions.

Facilitation Skills

Since they have the knowledge and expertise in the laws and governing policies, they can easily guide you the different process of setting up a company abroad. Thus, a formation expert can immediately identify an issue and provides quick solutions.

Experience

Company formation agents have gone through the same experience as yours. Their actual experiences and interaction with the locals have honed them to become a specialist in helping entrepreneurs set up a new company. What’s more, they can easily help you find the right individuals for your corporate needs.

Get Offshoring Right With A Trusted Formation Agency

Clearly, starting a new business abroad is not all about earning more profits outside your location. It is also about providing the right product and/or service of a certain jurisdiction.

It may sound cliché. But, it would be ideal to have a strategic plan first before putting up an offshore company. So, tap on to the most trusted formation agency today.

 

Steps to Claim Tax Refund Scheme

Complete Steps to Claim Tax Refund Scheme Under UAE VAT

 

 

With the introduction of Value Added TaxVAT in the UAE, among all other schemes Tax Refund Scheme for Tourists has been the most awaited one.  UAE has been a destination for millions of tourists especially Dubai, which is one of the Emirates of the UAE well known for its Tourist Attraction, Business Hubs, Luxury Shopping and its ultramodern architecture.

 

When will VAT refund scheme for tourists be applicable in the UAE?

 

The Federal Tax Authority – FTA  has declared that Tax Refund Scheme for tourists will be initiated from November 2018. In this scheme, tourists will be able to avail for the VAT refund if they shop from retailers who are registered for Tax Refund Scheme under tax refund scheme for tourists.

 

When can retailers register for VAT Refund Scheme for tourists?

 

Retailers registered for VAT under FTA  can start registering for Tax Refund Scheme for tourists from 10th September 2018. Briefing from the FTA related to the above will be held in Abu Dhabi on September 11th, 2018 and subsequently in Dubai.

 

What are the conditions to avail VAT Refund Scheme for Tourist?

 

  • Goods should be bought by the tourist in the UAE.
  • Tourist visiting the UAE must exit UAE within 90 days from the date of shopping along with the items bought.
  • In order to get the VAT Refund, tourists should be sure only to buy from registered businesses for tourist refund scheme in the UAE.                          FTA will lay down the procedures to be followed to avail VAT refund to the tourists.

Where can tourists avail refund of the VAT they paid for their shopping?

The tourist can refund the tax they paid for their shopping only from the outlets and point of sales which are registered under the Tax Refund Scheme for tourists.

 

There will be designated places where the tourists will be able to avail their VAT refund scheme through an electronic system. A digital machine will be able to determine the taxes that are eligible for refund and then the tourists shall be paid accordingly.

 

What are the steps to avail Tourist Refund Scheme?

 

Step No. 1 – To get the Tax-free tag

Once you are finished with your shopping, a “tax-free tag” will be attached to your payment receipt. This “tax free tag” is very important as it will help you further to avail Tourist Refund Scheme with a minimum purchase of AED 250/-. This “tax free tag” is valid for Tourist Refund Scheme for a period of 90 days from the date of purchase. Once your “tax free tag” is validated you will receive 85% of the VAT with less AED 4.80/- deducted for admin fee.

 

Step No. 2 – Validation

It is important to note that validation is mandatory in order to avail Tourist Refund Scheme. For this purpose, you will be required to provide your passport / boarding pass and additional checks will be carried out to ensure everything is carried out in the right way. The validation can be done in 3 major airports of UAE until 16th December 2018 which is Dubai International Airport, Abu Dhabi and Sharjah airport.  Later, validation points for Tourist Refund Scheme will be available in 9 other locations in different emirates.

 

Step No. 3 – Methods of refund

There are two types of refund in which you can avail Tourist Refund Scheme, i.e., by cash or credit. There will be assistance provided by planet  tax free staff in order to get your refunds availed by Tourist Refund Scheme. No one apart from the owner can avail the refund.

 

Nam Accountants houses a wide range of TAX Services for all businesses in the UAE . The Tax Team in Nam  Accountants engages professionals with relevant experience in Taxation hailing from different ends of the globe.

For more details  visit:                                                                                                                      http://www.namaccountants.com/vat-consultant-in-dubai.html                                                                                                                      or                                                                                                                                 contact  : +971-558876440

 

DAFZA slashes business set-up cost by up to 65%

The move is in line with the directives of the UAE leadership to improve competitiveness.

Dubai Airport Free zone Authority (DAFZA) has reduced business set-up cost by up to 65 per cent, as part of its aim to increase DAFZA’s regional competitiveness and activate a number of key sectors by attracting foreign direct investment (FDI).

Dr. Mohammed Al Zarooni, director general, DAFZA, said: “This new approach falls in line with the directions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to boost Dubai’s economic competitiveness. This is being done through a number of initiatives and incentives that aim to attract and promote FDI into the Emirate, ensuring sustainable growth across all economic sectors and strengthening Dubai’s status on the world economic stage.”

Reduced business costs

DAFZA has revisited and reduced registration, licence, and staff visa fees for new investors by 65 per cent, 33 per cent, and 20 per cent, respectively. Establishment card issuance fees have been cut by 17 per cent, while fees for Board Resolution and MOA issuance have been waived.

The new incentives include facilitating the process of obtaining general trading licenses for new investors by halving the capital requirement from Dh1 million to Dh500,000. DAFZA has also allowed its member companies to be structured as a Limited Liability Free Zone Company (FZ-LLC), in a bid to provide more flexibility in business setup, licensing and operation.

In addition, DAFZA has waived licence expiry fines in an effort to relax the terms of license renewal. Allowing the restoration of legal records and licenses, the decision will help investors renew their expired license without paying any late renewal fines. This reflects DAFZA’s constant support for the growth of business sectors and its commitment to remove all the obstacles faced by them in order to develop the economy and create a competitive, investment-friendly business environment.

For more details  visit:                                                                                                                                                               http://www.namaccountants.com/                                                                                      or                                                                                                                                                      contact  : +971-558876440

 

UAE’s VAT refund scheme

The Federal Tax Authority (FTA) has held an awareness session in Ajman the campaign, which was in collaboration with the chambers of commerce, was  intended for the merchants and other representatives from the private sector in all norther emirates.

 The government allows visitors to recover the value added tax (VAT) incurred on their purchases through the refund scheme.

The FTA revealed that there has been a notable increase in the number of agreements signed with retailers to register them in the scheme, equip them with the necessary technology to implement it, and link them to airports and land and sea ports in the UAE.

The FTA said that dedicated offices would be established in various locations where tourists can recover taxes. It will be clearly outlining the taxes that are eligible to be refunded through the scheme’s digital system – said to be the “most advanced of its kind in the world.”

While many questions remain unanswered for now, it is likely that more information will become available in the near future. If you are concerned or have any questions as to how the proposed changes will affect your business in the UAE, please do not hesitate to contact us.visit:                                                                                                                                         http://www.namaccountants.com/                                                                                      or                                                                                                                                       contact  : +971-558876440

 

Offshore Company Formation UAE

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company Formation

Offshore company formation UAE

An offshore company is regarded as a legal business set up with an offshore tax haven which is shielded by explicit legislation. The Offshore company formation  UAE ensures special status for those companies that are formed under the jurisdiction. An Offshore company in Dubai is given full tax evasion and operates under high level of privacy and security.

Dubai and Ras Al Khaimah are the only two offshore jurisdictions of UAE. Both these jurisdictions offer identical services, but just differs in terms of strategic objectives of both distinct jurisdictions .

Offshore Company Formation can be of three types-

Offshore Company Formation in Dubai

Offshore Company Formation Dubai -When you want to open Offshore Company in Dubai, Jafza – under Jebel Ali Free Zone Offshore Companies Regulations 2003, allows the formation of an offshore Company by individuals or corporate bodies, as a non-resident company, having a corporate legal entity. These offshore companies enjoy all the advantages of other international offshore company formation. It is also important to note that Dubai has Double Taxation Avoidance agreement with more than 40 countries.

 

Offshore company formation in RAKOffshore Company Formation in RAK, UAE– Ras Al Khaimah Investment Authority launched an offshore facility in 2006, by passing of Ras Al Khaimah Investment Authority’s International Business Companies Regulations 2006 – also called RAK Offshore. Legislation and regulations adopted by the Free Trade Zone Authority favor big international interest for Offshore Company Formation. Rak Offshore Company Formation allows any non-resident individual or corporate to open a company in RAK as an offshore entity.

 

Offshore company formation in JAFZA

Offshore Company Formation in JAFZA, UAE– Jafza is one of the largest and rapidly growing freezone of the world and it is home to about 6400 companies from all over the world. It is a place with great business prospects for upcoming investors in the region. An offshore company formation in Jafza is highly desirable and has a sophisticated process with a lot of legal complexities and documentation .

Benefits of Offshore Company Incorporation:

  • 100% foreign ownership, there is no need for a UAE national to be a shareholder or sponsor
  • Exempt from corporate and income taxes.
  • No foreign currency restrictions.
  • Full repatriation of profits and capital
  • Setting-up costs are less than that of an onshore Company
  • No physical office needed, therefore, no employees and related costs
  • Minimum capital requirements
  • Own interest in real estate (as approved by the relevant authority) in the UAE and can act as a Holding Company                                                                           If you are looking for an offshore company formation, then we as expert business advisors can do this job for you with full professionalism and as per your satisfaction.                                                                                                                                                                                               For more details visit :http://www.namaccountants.com/offshore-company-formation.html                                                                                                                                                            or                                                                              Contact us :       http://www.namaccountants.com/contact-us.html

 

Benefits of company Formation in Dubai Silicon Oasis

Dubai Silicon Oasis (DSO)

Dubai stands at the crossroads of the East and the West, both geographically and culturally.
In little over two decades, Dubai has metamorphosed into a business behemoth, rivalling the top cities in the world. From being a dusty old town with a local trading community, today Dubai is an immensely attractive business destination for any company that wants to capture the rapidly expanding markets of the Middle East, Asia and Africa. Dubai is a city that inspires every other city and nation to strive to reach the heady heights which Dubai has scaled.
Dubai’s strategic geographical location makes it the ideal gateway between the East and West opening the door for businesses to target more than 2 billion people. It also is the hub for the region’s import and export industry, one of the most profitable markets the world over.
With the winning combination of increased foreign ownership, relaxed immigration formalities, excellent communication and infrastructural networks, and the relative ease in starting up a business, Dubai provides an ideal climate for operating a successful business.

Dubai Silicon Oasis Authority (DSOA) is a government-owned free zone and a technology park with revolutionary ideals situated in strategic location in Dubai. This elegant economic free zone in Dubai values highly efficient technology based industries and focuses on becoming one of the world’s leading centers of advanced innovation, design and development in the field of electronics. Dubai Silicon Oasis (DSO) offers you an integrated community environment where, along with your profession, you are entitled to the benefits of residential facilities, schools, shopping centers and many more leisure opportunities. A state-of-the-art utility infrastructure combined with advanced telecommunication facilities, electricity, and road networks makes us stand apart and ahead of our competitors. The companies operating within the free zone are guaranteed the all-round package of incentives and benefits.

 

Advantages of DSO

  • Strategic location in Dubai
  • Online support to register the company
  • 100% ownership
  • Personal income tax 0%
  • Corporate tax 0%
  • 100% repatriation of capital
  • No import or export tax
  • Low cost of operation
  • Free document assessment service
  • Stringent Intellectual Property (IP) law and support
  • Subsidized Electronic Design Automation (EDA) tools
  • Subsidized lease rates for high-tech companies
  • State of art IT infrastructure and affordable offices in the UAE
  • On-site IT support
  • Microelectronics lab
  • Business friendly one-stop-shop
  • Plug and play office space
  • Highly secured and state-of-the-art data center

Additional services in Silicon Oasis free zone.

  1. Careful documentation for a technology based company
  2. Preparation of necessary plans to prepare
  3. Airport transfers
  4. Document due diligence
  5. Formation of the company
  6. Private services
  7. Post formation services
  8. Visa services
  9. Company management services
  10. Company bank account opening
  11. Online payment for visa and company
  12. Installments plans for investors
  13. Special power of attorney

  Need of a Business Consultants   

Speak to a professional business setup consultant in Dubai before you set up a company in Dubai. While starting a business in Dubai you need to make some major decisions. This involves business plan, monetary investments, type of business activity, jurisdiction, financial policies, income structure, business licensing, documentation and the list goes on. Talking to an expert before starting a business can always be a wise decision.

Nam Accountants could be your first choice if you r looking to open a new business in Dubai,UAE .Or want to expend your business in Dubai. Entrepreneurs often find themselves in unfamiliar territory when starting a business and lack the knowledge ,time and expertise to develop reliable plans,appropriate business model and strategies to grow their business . So save your time and energy and give us chance to give you unlimited comfort to your business.

For more details visit : Company Formation in Dubai Silicon Oasis