UAE Company Formation
UAE company formation services and leading Corporate Economic Substance Outsourcing service providers at very reasonable cost / fee levels.
Important Note: UAE Law and Regulation requires UAE registered businesses conducting certain types of corporate activities to have real economic substance arrangements in place.
Check NOW if your company’s activities fall within the categories that require enhanced UAE corporate economic substance, and find out how we can assist you in fulfilling these requirements, and be in full compliance with the UAE Substance Rules, and enjoy problem-free operations.
UAE company formation by the UAE offices of the FBS Kotsomitis International Group in Ras al-Khaimah (RAK). Form a Dubai company or set up a RAK company – manage your international tax and confidentiality risks and benefit from many advantages & our world class UAE company formation services.
What is UAE Company Formation?
UAE Company Formation is a ‘collective term’ encompassing Company Formation and Set Up of any type of Company or Business (Offshore Company, RAK ICC Company in Ras Al Khaimah, Free Zone Company or Mainland-Local Company – Business) in any Emirate of the UAE: Dubai, Ras-Al-Khaimah (RAK), Sharjah, Abu Dhabi, Ajman, Fujairah and Umm-Al-Qwain.
Moreover, the term UAE Company Formation (Dubai Company Formation and RAK Company Formation being part of that) practically refers to the process, considerations, decisions and actions of legally setting up a UAE Company in any Emirate of the UAE, under UAE Law and Regulations, intended to conduct business in the UAE and/or internationally.
Discover all the advantages of setting up your business in the UAE on our latest podcast
UAE Offshore or Free Zone Company? What’s the difference?
UAE Offshore Companies in RAK, Dubai or Ajman are essentially International Business Companies or IBC ‘s and are limited liability companies or ‘Limited Companies’ or ‘Ltd. Companies’, as they are commonly referred to, which exclusively conduct business internationally and hold a UAE Bank account.
UAE Free Zone Companies are onshore, tax resident limited liability companies (FZ-LLC or FZE Companies) registered in specially Designated Geographical Areas or Zones (Free Zones) in the UAE and which are Incorporated / Licensed by the specific Free Zone Authority responsible for the Regulation and Licensing of each Free Zone Area.
Free Zone Companies in the UAE typically hold a UAE bank account and can conduct business internationally, in their Free Zone Area, across other Free Zone areas in the UAE and in Mainland UAE, such as Dubai and RAK outside the free zones, in sales of unregulated services freely or goods, via a commercial agent and payment of 5% duty on the value of the goods.
All the Emirates in the UAE offer the options of setting up Offshore Companies, Free Zone Companies or Mainland UAE “Local Businesses / Companies”
What else does ‘UAE Company Formation’ involve, apart from the Registration?
Related and practically closely linked to the UAE Company Formation process is, additionally, all work connected to the establishment of the business per se of the New Company in the UAE which is to be conducted after the incorporation stage is complete.
Such establishment work for your UAE, Dubai & RAK Company often entails arranging for Visas for the owners, managers and staff if permitted by the license type, opening bank accounts, arranging premises, again if permitted by the license type, arranging for professional services to support the company and other establishment work.
Why Set Up a UAE Company?
The Significant Advantages of UAE Companies
Constructive use of UAE Company Formation in the UAE can yield the investor significant advantages. Tax, Security, Confidentiality and Lifestyle advantages. Read about the UAE Offshore Company Advantages and the UAE Free Zone Company Advantages.
So there are lots of advantages for You to Form a UAE Company. What Types of Company Can You Set Up in the UAE?
Now let’s move on to take a closer look at UAE Offshore Companies, UAE Free Zone Companies and Purely Local Types of UAE Companies – Business Types…
UAE Offshore Company
Advantages of a UAE Offshore Company
- Activities allowed ONLY outside the UAE
- No residence visa is issued (except for a JAFZA offshore license with office space in JAFZA)
- Foreigner can own 100%
- Able to have UAE bank accounts and worldwide bank accounts
Read more about the advantages of the UAE offshore company.
UAE Offshore Company, the most popular type being the RAK ICC Company Formation (ex-RAK Offshore Company Formation), and other options include the JAFZA Dubai Offshore Company and the Ajman Offshore Company. These are non-resident International Business Companies (IBC), exclusively conducting international business outside the UAE but which hold a UAE bank account. We are approved company registered agents for UAE Offshore Companies / IBC ‘s in the UAE.
The choices here are only 3, in order of popularity and appeal to international investors: (1) RAK Offshore Company Formation, with RAK ICC (2) Dubai Offshore Company Formation, with JAFZA, in Jebel Ali Free Zone and (3) Ajman Offshore Company Formation, with Ajman Investment Authority
Our UAE Offshore Company Formation Services include Offshore Company Formation (IBC Company Formation) in Dubai, Ajman and RAK.Our group-network operates via approved and licensed Registered Agents for Offshore Company in JAFZA, Dubai, Ajman and RAK.
RAK Offshore Company Formation: We are Approved RAK Company Registered Agents and Provide Outstanding, Fast Service and Cheap and Affordable Set-Up Packages (from $525) from our own local RAK Offices for RAK Free Zone Company Formation and RAK Offshore Company Formation.
UAE Free Zone Company
Advantages of a UAE Free Zone Company
Only able to trade freely within the free zone areas and worldwide – Dubai Free Zone Companies and RAK Free Zone Companies can also render services locally in the UAE as long as the services are not under a regulated regime (banking, investment, medical etc.)
- 100% foreign ownership permitted
- Residence visas are issued
- Goods out of the free zone and into mainland UAE must pay a 5% customs duty
- Office space is required within the free zone
- Able to open UAE bank accounts and accounts worldwide
- Membership of the Chamber of Commerce through the relevant office in the specific Free Zone
Read more about the advantages of the UAE Free Zone company.
The UAE Free Zone Company option of which the the most popular being the RAK Free Zone Company Formation option as it is faster to incorporate, cheaper, very well-known with investor-friendly Licensing and Regulatory Authorities.
UAE Free Zone Companies are tax-resident onshore companies set up and licensed by Free Zone Authorities in special designated areas (free zones) in the UAE but which cannot do business in the UAE mainland (except, practically, services tot specially regulated like consulting and trading in free zones and internationally). They can open a UAE bank account as well as a bank account outside the UAE, internationally.
Other popular Dubai Free Zone Company options are: DMCC Free Zone Company, Dubai Airport Free Zone Company, DWC Free Zone Company, DIFC Free Zone Company and many others. These are resident companies conducting business locally in special free zone areas and internationally outside the UAE and hold a UAE bank account.
There are close to 40 Free Zones in the UAE in Dubai, Ras-Al-Khaimah (RAK), Sharjah, Abu Dhabi and the Other UAE Emirates. It is useful to learn about their significant privileges unparalleled and tax and non-tax advantages and choose the most appropriate for your business objectives. You will profit from this choice and maximise your long-term Return on Investment (ROI).
If you are interested in Dubai Free Zone Company Formation our expert Consultants will help you choose the right Free Zone for your company formation in Dubai. If you are doing business in Dubai we make Dubai Company Formation and Set Up fast and simple for you!
UAE Local LLC
Local LLC Companies – these require a local sponsor /shareholder of 51% – these are used for local trading as well as GCC and international trading.
UAE Professional Firm
UAE Professional License Companies – these are suited to professionals: doctors, accountants, and lawyers that wish to practice their profession in the UAE.
How Can We Help with Your UAE Company Formation?
UAE Company Incorporation & Establishment Procedures
The 5 Stages of the UAE Company Formation Process
FBS EMIRATES are up-to date with ALL new laws and regulations and with our help you can cut through the whole process quite easily with minimum involvement on your side.
Below is a brief outline of the Main Company Formation Stages in the UAE.
Stage 1 – Get Initial Consulting from Trusted UAE Advisors
It is valuable that FBS EMIRATES provides free initial advice on UAE Business Set Up. This is so as you DO need Our Services as there are many different options for company formation and complex residency and labour and immigration regulations as well as complex processes, red tape and requirements.
Stage 2 – Submit Documents – Get License – Incorporate
Once all the necessary documents have been obtained from you and certified, the incorporation process starts. The Company, at the completion of this stage is Legally Formed and Licensed and Ready to Operate.
Stage 3 – Open Bank Account
Bank account Opening comes next. A very important stage as Companies with no bank account are considered by Tax Authorities and market counter-parties as Companies without economic subsstance in most cases and therefore not useful. In our capacity of Official Professional Introducer with many banks in the UAE and internationally rest assure the account opening will be fast and quite smooth. We will handle the process and guide you through the documentation requirements.
Stage 4 – Issue UAE Visas
Immigration Residence Visas and Emirates ID is then obtained for you, your family and your staff. All details and actions required will be handled efficiently. Generally the medical examination takes a maximum of 5 working days, although this can faster with an urgent medical application.
Stage 5 – Complete Establishment and Set-Up
The next stage, with our support, involves setting up the corporate image (business – office address, telephone answering, logo, business cards, website) as well as substance (premises, telephone, utilities, virtual office,staff, business plan). We can discuss what is appropriate for Your case.
The next stage, with our support, involves setting up the corporate image (business – office address, telephone answering, logo, business cards, website) as well as substance (premises, telephone, utilities, virtual office,staff, business plan). We can discuss what is appropriate for Your case.
Summary of Our Simple 8-Step Approach to Your UAE Company Formation Process
Our Simple 8-Step Process aims at addressing all the actions and decisions necessary to successfully, smoothly and in a problem-free fashion Form, Set Up and Establish Your UAE, Dubai & RAK Company and Business in the UAE.
Our 8-Step process revolves around 8 central actions and related decisions for your UAE, Dubai & RAK Company Formation. With our guidance this process is smooth and problem-free:
Step 1 – Choose Your UAE Company Formation Agents
Choosing a suitable UAE-based UAE, Dubai & RAK Company Formation Expert and Consultant and submitting to them the Required Documents and Forms and obtaining a proper consultation.
Step 2 – Decide on Business and License Type and UAE Location
From then on with our guidance comes deciding on the Business and License Type and a specifically chosen UAE Location and Registration Authority to set up the company.
Step 3 – Decide on Ownership Type
Weather 100% ownership or use of a local partner / sponsor.
Step 4 – Choice of Specific Legal Form
Free Zone, Offshore, Local and which particular Legal Entity type.
Step 5 – Decide on UAE, Dubai & RAK Company Trade Name
Trade Name choice and approval is the first step and 3 names must be submitted for official approval.
Step 6 – Determine Share Capital – Shareholders – Managers
Taking into account UAE Rules and Legislation on the above.
Step 7 – Decide where and with which Bank to open a Bank Account with
There is a wide choice of banks in the UAE and internationally.
Step 8 – Set out plans for the Establishment Logistics – Premises, Marketing and other set up work
This is the last step and, naturally, necessary before the launch of your UAE business.
Our role as UAE, Dubai & RAK company registered agents in the UAE, Dubai & RAK company Incorporation Process …and After
- Collect all owner’s identity and passport personal documents, CV, bank reference letter, 6-months bank statements, proof of address and a draft business plan and activities list AND in the case of a corporate shareholder the relevant company documents of the shareholding company
- Prepare all incorporation documents for your UAE, Dubai & RAK Company
- Complete, check and submit all UAE, Dubai & RAK Company Formation, Bank Account and Visa applications to the relevant bodies, institutions and Authorities
- Name approvals and other governmental approvals (after approval, MOA and application forms will be signed)
- Monitoring and controlling the progress of the UAE, Dubai & RAK company formation process through the various steps ensuring smooth and problem free set up
- Bank account opening – we introduce banks to clients to act as the UAE, Dubai & RAK company’s bankers
- Full-Scope professional services to support your UAE, Dubai & RAK company operations from A to Z (VAT, Tax, Accounting, Bookkeeping, Audit)
Following the Formation Stage our role is to continuously support you in all related matters pertaining to the UAE, Dubai & RAK company needs for professional services, as required.
UAE Company Formation Services
Our services span across all professional service areas and throughout the entire UAE Company Life Span. From the UAE Company Formation Agents’ UAE Company Set Up to the UAE Company Operation through to Company Liquidation!
As your UAE Company Formation Agent and UAE Company Registration – Registered Agent we will Help You Form and Administer Your UAE Company.
UAE Company Registration Services To Set Up Any Type of UAE Company and Business License in Any Emirate of the UAE: Dubai, RAK, Abu Dhabi, Ajman, Fujairah, Umm-Al-Quwain, Sharjah. Local, Free Zone or Offshore Company.
As your assigned UAE Company Formation Agent (UAE Company Registration Agent) we will give you full information and facts so you can make the correct for your case choices and take the right key decisions for your UAE business activities, in the UAE Company Formation process.
UAE Company Bank Account Opening Services
We help you set open a UAE Company Bank Account as well as a UAE Personal Bank Accounts so that your Company can have commercial substance, presence and be of practical use. We also Open European Bank Accounts for Your UAE Company.
Also UAE Visas for Owners, managers and staff have to be finalised at this stage.
UAE Visa Services
Our Services provide you with peace of mind that all the necessary UAE state requirements are met to the full and your company can operate problem-free.
Once these are finalised one needs management, professional corporate Services and support to establish the company and its UAE operations.
UAE Company Management & Corporate Services
We answer all queries and questions and provide clear and concise guidance and efficient
Additionally we handle for you director and owner changes, corporate resolutions, document translations, issuing of official documents such as Certificate of Tax Residence (CTR), Certificate of Good Standing (CGS), Certificate of Incumbency (COI), Company dissolution and performance of tasks, signing contracts, share transfers, Power of Attorney Services – POA services, effecting changes in the Licenses, changes in the Memorandum, strike-off the company register, increase or decrease in share capital.
UAE VAT Consulting Services
Our UAE Value-Added Tax (VAT) Specialised Department can aid in the UAE VAT implementation for your business to be ‘VAT-Ready’ fast and so effectively help you face the significant challenge of VAT which will be in force in the UAE on January 1, 2018 and minimise your risks in terms of VAT Authority significant penalties, fines and other adverse consequences.
UAE VAT Services: UAE VAT Consulting, Bookkeeping, Accounting, VAT Filings and Compliance Services.
Read our “A to Z Guide to VAT in the UAE” to Prepare for VAT in Dubai!
Read our ‘article-by-article’ Summary of the UAE VAT Law or Summary of the UAE Excise Tax Law.
UAE VAT and Other Professional Services
After the newly-formed UAE company (or for existing UAE Companies of any Legal Form) we support you with the highest standard of UAE corporate and professional services.
Bank account opening in the UAE or internationally, UAE VAT Consulting and UAE VAT Compliance, Accounting, Bookkeeping, Preparation of Financial Statements (IFRS), Audit, UAE Tax & International Tax Planning and Asset Protection (Trusts & Foundations), International Company Formations, PRO Services, UAE Labour Department Work, UAE Visas & Immigration Work, Virtual Office and Comprehensive UAE Corporate Services.
Full Fee Quotations for Your Company will be issued to cover ALL Services as a ‘package’ which, as you will find, will be priced very reasonably and competitively.
UAE Tax Agent and VAT Agent Services
PRO Services (Liaising between the tax authorities and the client)
Bank Account Opening
Corporate Secretary Services
Corporate Administrative Services
Immigration Work
UAE Visas
Bookkeeping
Accounting
Financial Statements (incl. IFRS) Preparation
Audit & Statutory Auditing
UAE Tax and VAT Compliance (Preparing, Reviewing, Submitting Tax Returns)
UAE Tax and VAT
The Unique Advantages of FBS!
Our Group Offers Unique Advantages and the Comfort of being in the service of friendly, responsive and personable but at the same time true and serious professionals that ‘can get the job one’ competently and on-time.
Competitive and Reasonable Prices
No hidden Costs. Honesty and Up-Front Flat Fee Pricing for most services. A feeling of Trust and Certainty is our main goal as well as adoption of top level European Standards. In a framework of friendly, warm but professional relationship with the clients.
We are one of the most well-known and established professional service providers currently in the region able to give top levels of service at reasonable prices with no differentiation in prices quoted to local or foreign / international clients.
Because of very high levels of steady work , technological advantages, solid infrastructure encompassing top level professional staff, systems and procedures and the fact that we are not intermediaries but EU and UAE Regulated Practitioners offering all services “in-house” with no subcontracting out we are able to provide extremely competitive prices coupled with responsive and professional service.
European Top Senior Level & Local Management
As we are of a European background and Origin you can expect the service levels you are accustomed to at home.
Fully and Officially Licensed in the UAE
Our Group subsidiaries and associated entities are fully and officially licensed in the UAE to perform the activities related to each service line area.
So you can have peace of mind that your UAE Company and personal affairs are handled by proper, reputable and fully licensed professionals.
Trust FBS with your UAE Company Formation and Professional Services
Seize the UAE advantage with us as your trusted partners for all your UAE company formation, management and corporate needs.
Work with us for guaranteed high standard of professional services by fully licensed and regulated professionals, a friendly approach, very competitive and fair prices, fast and competent execution, your minimum involvement and ultimately …peace of mind.
International Associations
BS EMIRATES through itself or its owners and directors is a member of a number of international professional associations. The International Fiscal Association (IFA), the International Tax Planning Association (ITPA), the Dubai and RAK Chamber of Commerce.
Your Dedicated UAE Company Formation Manager
FBS EMIRATES will assign you your own dedicated Account Manager. This person will be your main point of contact during the entire UAE Company Formation process.
Confidentiality
This is a Top Priority for FBS Emirates. It is a fundamental part of our operational approach. We guarantee top levels of confidentiality. Secure web and email communications, data encryption, IT full-security infrastructure to protect to the maximum data kept from intrusion, customer details are solidly protected and cannot be copied, exported or printed.
Contact FBS NOW:
Part of FBS Kotsomitis International Network
7th floor, Offices 7F-6A-6B
RAKEZ Amenity Centre, Tower 2
P.O.Box 322762, Al Jazeera Al Hamra
Ras Al Khaimah, United Arab Emirates