Dubai, United Arab Emirates
Dubai, United Arab Emirates
Arabic and English
3,137,453 (as of 2020)
Q: What is the process for forming a company in Dubai, United Arab Emirates?
A: The process for forming a company in Dubai, UAE involves obtaining a business license, choosing a company name, registering the company with the Department of Economic Development (DED), obtaining any necessary approvals and permits, and opening a bank account.
Q: What are the different types of companies I can form in Dubai, UAE?
A: The most common types of companies in Dubai, UAE are Limited Liability Company (LLC), Free Zone Company, and Offshore Company.
Q: What is a Limited Liability Company (LLC)?
A: A Limited Liability Company (LLC) is a type of company where the liability of the shareholders is limited to their share capital contribution. LLCs are often used for small and medium-sized businesses.
Q: What is a Free Zone Company?
A: A Free Zone Company is a type of company where the business is located in a designated free zone area, which allows for 100% foreign ownership and a range of tax benefits.
Q: What is an Offshore Company?
A: An Offshore Company is a type of company where the business is registered and located outside of the UAE, but operates internationally.
Q: What are the minimum requirements for company formation in Dubai, UAE?
A: The minimum requirements for company formation in Dubai, UAE include having at least one shareholder, a registered office address, and a minimum share capital contribution of AED 300,000 for an LLC and varying amounts for Free Zone and Offshore companies.
Q: How long does it take to form a company in Dubai, UAE?
A: The time it takes to form a company in Dubai, UAE can vary depending on the type of company you are forming and the specific requirements involved. Generally, it can take between one to four weeks to complete the entire registration process.
Q: What are the tax implications of forming a company in Dubai, UAE?
A: Companies in Dubai, UAE are subject to a range of taxes, including corporate income tax, value-added tax, and customs duties. The specific tax obligations will depend on the type of company you are forming and the nature of your business activities.
Q: What are the ongoing compliance requirements for companies in Dubai, UAE?
A: Companies in Dubai, UAE are subject to a range of ongoing compliance requirements, including filing annual financial statements, maintaining proper accounting records, and renewing their business registration and other permits as required. It is important to work with a qualified professional to ensure that you remain compliant with all applicable laws and regulations.
Dubai, United Arab Emirates is a thriving economy with a GDP of $107.3 billion in 2019, according to the World Bank. The economy is largely driven by the services sector, which accounts for over 70% of the GDP. The tourism industry is a major contributor to the economy, with over 15 million visitors in 2019. The real estate sector is also a major contributor, with the total value of real estate transactions in Dubai reaching $44.5 billion in 2019. The manufacturing sector is also growing, with the value of exports reaching $25.3 billion in 2019. The government has also invested heavily in infrastructure, with the total value of infrastructure projects in Dubai reaching $20.7 billion in 2019. Overall, Dubai is a vibrant economy with a strong outlook for the future.
Dubai is one of the seven emirates that make up the United Arab Emirates (UAE). The UAE operates on a territorial taxation system, where taxes are levied only on income earned within the country's borders.
**Corporate Taxation:** Dubai does not impose corporate income tax on most types of companies. However, oil and gas companies and foreign banks operating in Dubai are subject to corporate income tax at a rate of 55% and 20% respectively. In addition, certain fees and taxes may be imposed on companies operating in certain industries, such as tourism and real estate.
**Personal Taxation:** There is no personal income tax in Dubai, which makes it an attractive location for high-net-worth individuals looking to establish residence in a low-tax jurisdiction.
**Process and Calendar for Payments:** As there is no personal or corporate income tax, there are no specific deadlines for tax payments or returns in Dubai. However, companies and individuals are still required to comply with other local regulations and fees, such as social security contributions and certain licensing fees. It is important for individuals and companies operating in Dubai to seek the advice of a qualified legal and financial professional to ensure compliance with all local laws and regulations.
Company incorporation application form
Chosen company name
Main business activity
Legal address of director
Your inquiry has been submitted. Thank You!
We will contact you shortly…