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UAE Business Option
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» Doing Business in UAE - UAE Business
Options
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We are able to assist you on all aspects of company formation within the
UAE and have a working knowledge of the practices of local authority.
The benefits of establishing a business in the UAE:
No corporate and individual tax for almost all sectors and the freedom
to repatriate capital and profits.
There are no currency restrictions.
Foreign ownership is generally allowed to 49 percent but there is no requirement
for a local partner for Free Zones, UAE branch and representative offices
of foreign companies, and for certain professionals.
For setting up a company in the UAE, all businesses (of all types) must
obtain a license to operate in the UAE.
The UAE Commercial Company Law recognizes the following major forms of
companies in the UAE:
- Limited Liabilities Companies
- Branch Offices
- Representative Offices
- Free Zone Companies
Companies located outside of designated Free Zones must be owned from
at least 51 per cent by a local UAE national.
Companies located in Free Zones are not allowed to trade goods with the
local UAE market directly, however - they must use authorized local agents
and the import customs duty (usually 5 per cent) has to be paid when goods
are released onto the local UAE market. Services and products can be purchased
from and within the UAE market may be purchased directly, without an agent.
Source and Related Links
www.government.ae
www.uaeinteract.com
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