Dubai
has grown as a business center in the past few years. Business
personals and economists are eager to set up companies in Dubai. But before you
step into the competition, you must know which jurisdiction will suit your
company best. Your business activities and target market will decide whether
you need to set up a company in Dubai in Dubai Mainland, Dubai free zone or as an offshore company.
Hence, to make you understand the
differences, we have come up with a short guide in this blog.
A
mainland company in Dubai is also known as an onshore company. Its license is
provided by the Department of Economic Development (DED) of Dubai and allows
the companies to do business in the local market as well as outside the United
Arab Emirates without any restrictions. The advantages of company formation in Dubai Mainland[s1] are
lucrative government contracts, international presence, wider business scope,
various amenities, unlimited visas and many more.
Dubai
like the rest of the UAE has free zones for business setup. Dubai
free zone authority allows the companies to do business inside
the Dubai free zone. Entrepreneurs looking for tax exemptions should opt
for Dubai free zones. Dubai Free zones have
several advantages for investors and businessmen alike such as tax exemptions,
100% ownership regardless of nationality and domicile, exclusion from all
import and export duties and many more.
A
company that has its parent corporation in another country but has an office
established in another jurisdiction is called as an offshore
company. It cannot be called a branch office as no physical office is
required nor they are physically present in Dubai.
One of
the things that you must know is that in no way you can convert Dubai free zone
offshore company into an onshore company. This is because of the different
status of all the three companies and varied laws and regulations.
If you
want to set up your company in any of the jurisdictions like Dubai Mainland or Dubai
free zones or Dubai offshore, contact EBMS. They are the best business set up
consultancy service providers with years of experience. We will guide you
through the whole process and help you grow internationally.
ReplyDeleteWe are the leading company formation expert in the UAE.With over 8 years of experience and expertise, we have registered more than 500+ companies and are counting.SDB Business setup are the poineers of business setup services in the UAE, we help businesses in licensing ,visas,office setup and in other professional needs.
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Ras-Al-Khaimah (RAK), one of the seven Emirates that make up UAE has established an International Corporate Centre (ICC) to simplify setting up an offshore company in the UAE.
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