Company registration in Dubai is an appealing option for any budding entrepreneur around the globe. What exactly is a Free Zone? This first thing to know is what is actually a freezone. In a nutshell, a freezone is a set of land where a company can establish its headquarters or any other business without the need for a license.
Company registration in Dubai is allowed only if the proposed business setup meets the standards laid down by the Dubai authorities. The Companies Registration Office of Dubai is the sole authority and supervisor of all matters pertaining to company registration in the emirate. Apart from the registration, this office also enables registration of the branches and offices of the company. Company setup in Dubai is not only restricted to a single location. It can be anywhere in the United Arab Emirates.
The Companies House has approved and validated more than twenty commercial projects throughout the United Arab Emirates (earlier referred to as the Dubai zones). These zones cover areas such as Manama, Dubai, Abu Dhabi, Dubai, and numerous others. However, despite the zones being valid, the matter of registration of the company remains a gray area. Registration of a company is only allowed when the director and members of the management holding authentic national or international credentials. In addition, a branch office may be permitted to operate for a shorter period of time in Dubai, depending on the laws governing the freezone.
Company registration in Dubai, as in the other seven emirates, is not granted without the requirement of a business reason and a legal business plan. After submission of these documents, the registration of the company is immediately authorized. However, an extension to the registration period is not granted by the Dubai government. On the other hand, registration through the use national may be done after completing the required documents, meeting the administrative cost and satisfaction of the concerned authorities. In some cases, the concerned authority has the option of extending the registration period.
There are several ways of acquiring company registration in Dubai. The most common procedure is through the use of the internet. There are different forms of registration including the standard letter, company registration with a Middle Eastern country company reference, and the purchase of shares (dividend stock). Companies can be grouped based on the location, type of industry or function, and based on the financial centres in Dubai.
Registration of a company is not complete without incorporating it. This process requires the submission of an application through the Companies House. If approved, the new company will be registered on the name of the original company. Companies House accepts the types of establishment as personal, limited liability company (LLC), partnership, public limited company (PLC), limited partnership (LP) and corporation. Once registered, it can only be owned by those people who have the capacity to acquire capital and other obligations in the business.
Companies that are not incorporated in the emirates but own shares of ownership in the parent company can obtain a double taxation deed. However, in such cases, the shareholders will become liable for both state and federal taxes. Companies that hold financial centres in the emirates can be taxed for the use of their building in Dubai and for the ownership of the property.
Dubai imposes various kinds of requirements on its citizens when it comes to company registration in Dubai. If you wish to incorporate a company in Dubai, you need to follow all of the stipulated rules and regulations of the Dubai government in order to be registered. You will be required to pay an income tax and a corporate tax on your earnings. You will also be liable for social security contributions and a value added tax on all the goods you purchase in the emirates. If you own shares or interest in any property in Dubai, you will be required to pay a certain tax on this property.
