Frequently Asked Questions
In addition to its advantageous location at the crossroads of Europe, Asia, and Africa, Dubai’s liberal economy also features seamless integration with the global economy, attracting approximately five million investors and tourists each year.
With over 200 different nationalities living together in harmony, Dubai is a cultural melting pot and the cherished home of many. The city also benefits from an extensive network of international and local financial institutions.
Education in Dubai is multilingual and multicultural, and residents have access to first-rate medical care and facilities.
Your private information is kept safe and sound on servers that are guarded, guaranteeing that stringent safety rules and regulations are adhered to at all times. Your data will be kept in a secure environment thanks to the fact that our systems are built to be resistant to hacking attempts. In addition, any time data is exchanged, it is subjected to stringent encryption, which renders it completely worthless to unauthorized individuals even in the event that it is intercepted.
Company formation can take anywhere from one weeks to several months, depending on the type of business and regulatory requirements. Our experience, however, allows us to drastically shorten this timeframe, typically to as little as three days.
The foundation of a company in the United Arab Emirates includes going through a number of necessary stages. Among these are the selection of the commercial activity and the jurisdiction, which may be either Mainland, a Free Zone, or Offshore. After that comes the step of figuring out the company’s organizational structure, which is followed by submitting an application for the required business license and registering the business entity. In addition, one of the steps in the process is writing a Memorandum of Understanding (MoU), which is done in conjunction with acquiring the necessary approvals from the Department of Economic Development (DED) and locating an office space for the company.
All academic and corporate documents must be attested by the UAE embassy or consulate in the country of issuance in order to be used in the incorporation procedure or to get a residence visa for the UAE. A second attestation from the UAE Ministry of Foreign Affairs in Dubai is required before the documents would be considered legally valid in the United Arab Emirates.
You can form an offshore company without really being here. We can get things started if you want to set up business in one of the free zones or onshore jurisdictions, but you’ll need to be physically present for the rest of the procedure. Formal incorporation documents must be signed before a notary public in the UAE.Alternatively, we can complete the incorporation procedures without your presence in the UAE if you give us with a power of attorney that has been certified and attested by a UAE embassy or consulate overseas.
You can do business and trade with any country in the world with your mainland United Arab Emirates-based corporation. You can do business everywhere, not just within designated free zones, which opens up a lot more options for low-cost office space. Companies based in free zones, on the other hand, are restricted to operating entirely within such zones.
The United Arab Emirates (UAE) has created “Free Zones” as special economic zones where foreign investors can own up to 100% of local enterprises. However, businesses operating in a certain free zone are restricted from engaging in commerce anywhere else in the United Arab Emirates (UAE).
There are several requirements that must be met in order to form a limited liability corporation in Dubai Mainland or elsewhere in the United Arab Emirates. Among these steps is reserving a brand name and securing the necessary preliminary approvals. In addition to the lease agreement, the Department of Economic Development will also require a memorandum of association and articles of incorporation.
Additionally, it is required that you work with a local resident of the UAE. Securing a rented office space is crucial, and other certifications may be required from relevant authorities. But with 3A Global Corporate Service Provider, you may start your business in Dubai with complete assurance, knowing that we will handle each and every aspect of your company for you.
All UAE licenses expire after one year and must be renewed every year. If the license isn’t renewed on time, the company could face fines and, in the worst-case scenario, the termination of all employee work permits.
In Dubai, forming a company does not necessitate the use of a rented office space. The mainland jurisdiction offers cheap virtual workplaces. Free zones provide a number of different choices for businesses to choose from, including virtual offices, co-working spaces, sharing desks, real offices, and warehouses.
The official documents of the parent or holding firm must be attested by the Ministry of Foreign Affairs before the branch establishment procedure may begin. Once this is done, it’s time to secure permits from the Ministry of Economy and the Department of Economic Development (DED) and reserve a commercial name. Thus, it is essential to lease an office space in order to launch your company’s operations in the country.
A company must register for VAT if its taxable income is more than AED 375,000.Businesses with annual revenues of less than AED 187,500, but greater than AED 187,500, have the option of voluntarily registering for VAT. We recommend that you can rely on the expertise of our knowledgeable staff.
Our highly-trained team of specialists ensures that the bookkeeping of you firm will be correct and completed on time.
We have a staff of certified and experienced accountants who will work with you to meet all of your accounting needs.
Our auditing firm is staffed by highly trained experts, so clients can rest assured that their finances will be thoroughly examined and evaluated. Their solutions are inexpensive without sacrificing quality, and the fees are reasonable. In order to better serve our clients, we offer individualized auditing solutions. Their loyalty to honesty and discretion guarantees the safety of any financial data. The organization has established a reputation for expertise and reliability because to their history of accomplished projects.
Original registration certificates, shareholder resolutions, trading license and clearance certificates, memoranda of agreement, powers of attorney, and other essential paperwork must be submitted to the relevant authorities before the liquidation procedure may begin. After then, a newspaper announcement must be made and 45 days must pass before the sale may be finalized. Once this period of time has passed, the liquidation of your firm will be complete.