Why LLC Company Formation In Dubai Is A Worth While Investment? (7 Reasons)
When it comes to LLC company formation in Dubai, you might have a lot of questions in mind. These could be related to the suitable location, required documentation, and the company establishment cost. On top of that, the most thought-provoking thing is whether investing in LLC company formation in the UAE, is the right decision or not.
But before we share the benefits of setting up an LLC company in the UAE, let’s check the various zones available for you.
Location Opportunities For LLC Company Incorporation In Dubai
Being a successful trade hub, this city of skyscrapers has a plethora of zones available for performing business activities. These zones serve as a great opportunity for several newcomers and entrepreneurs who wish to invest in Dubai.
Here are those essential areas suitable for LLC business in the Emirates:
- Dubai Mainland Zone
- Dubai Free Zones
- Dubai Inshore and Offshore Areas
You can always choose the suitable region for commencing your Limited Liability Company in Dubai as per your business needs. Let us now share the top 8 reasons for establishing an LLC company in Dubai.
8 Reasons Why LLC Company Incorporation in Dubai is A Right Investment
Setting up an LLC in Dubai can be a win-win situation for your business. Here are the top 8 benefits you can get by forming one.
1-Gives Affordable Business Solution
The biggest thing of botheration for most investors is the load of investment they need while starting a business. But there isn’t any minimum capital requirement for starting an LLC company in Dubai. As a result, you get ample cost-effective business solutions for incorporating an LLC in Dubai.
Also Read: Steps and Procedures for Business Setup in UAE
2-Offers Protection Against Liability
Having an LLC lets you keep your assets separate from your business activities. It means you are just responsible for your shares in the capital of the LLC company. And it’s like a cherry on top when you are forming LLC in Dubai because you don’t have too many restrictions.
3- Allows Managerial flexibility
It is possible to manage an LLC by the owners (members) or by outside managers. Having this flexibility will allow you to run and structure your business the way you want. Moreover, in a place like Dubai, you are never out of a talented workforce. So, getting a skilled team for handling the management of an LLC is also easy here.
4-Lesser Ownership Restrictions
In an LLC company, there are possibilities of zero interference of your UAE partners under a few contracts. As an investor, you can handle the business without any need for a local partner. Consequently, this gives you the freedom to regulate day-to-day business activities.
5-Serves Freedom of Renting An Office
While incorporating an LLC company in the UAE, you get the liberty of renting an office in the UAE. Also, you can even start the brand offices within the country or abroad. Since Dubai’s central location and world-class infrastructure are suitable for most businesses, your LLC can surely thrive here.
6-Exempts Heavy Tax
You don’t have to worry about paying heavy taxes while running your LLC in Dubai, it’s almost negligible here. Furthermore, with an LLC company formation in Dubai free zone, you can enjoy the benefits of 0% corporate and income tax. Besides that, the VAT rate in Dubai is just 5%.
7-Enhances the Company’s Image
When you establish an LLC in Dubai with local partners, it can boost your business image. Do you know how? It’s because this step will allow you in building trust among your clients and customers. As a result, this lets you get more opportunities from the local markets.
gain more access to local markets.
8-Provides Access To The UAE Mainland Market
Another advantage of setting up an LLC company across various regions of Dubai is the accessibility to the local market. It can be a favourable condition for approaching your target audiences.
Summing it up,
Although there are ample reasons that support LLC company formation in Dubai, the process of getting started can be complicated. There is a lot of paperwork involved and you can’t do it carelessly. You need industry experts for guiding you in hassle-free company incorporation in Dubai. Our professional team can do it for you. Feel free to contact us.
7 Essential Reasons to Incorporate Your Business at SHAMS Free Zone
Still, deciding whether you should incorporate a business at SHAMS Freezone or not? Well, you must go ahead. It’s surely going to be a wise decision. Sharjah Media City Free Zone aka SHAMS provides a plethora of benefits to aspiring entrepreneurs. And the most beneficial industry in the Sharjah free zone is the media and creative sector. Thanks to the world-class infrastructure of this place for making it a hub for modern media services.
The UAE free zone has always been a booming area when it comes to establishing a company. Some perks of company incorporation in a free zone are 100% ownership, full repatriation of profits, zero income, corporate taxes, and a plethora of activities. And, for SHAMS company formation SHAMS free zones just boast them.
Are you now eager to know more about the advantages of setting up a company in SHAMS-free zones? If yes, here are the 7 essential reasons you should definitely know.
SHAMS company formation: 7 Important Reasons To Incorporate Your Business at Free Zone
1. Affordability in Establishment
Sharjah isn’t that expensive if you wish to establish a business. It’s even more affordable than the regions of Dubai. In Shams, you can set up a company with a starting annual license fee of AED 11,500. Just like other free zones, even in SHAMS, you have the following perks:
- Foreign Ownership Permissions
- Full Repatriation of Capitals and Profits
- Liberty from custom duty
- Zero personal or corporate tax
2. Fast and Hassle-Free Registration Process
When the rules and regulations are comparatively strict, SHAMS zones are setting a benchmark in terms of liberal laws. Getting business approval from authorities is easier in SHAMS Free Zone. You don’t have to do too much paperwork.
Kudos to the digitalization of the process. Just wait for three days after applying for a business license in SHAMS are you’re done.
3. Favourability of Location
The free zone of Sharjah is just 15 minutes away from Dubai Airport and 5 minutes away from Sharjah Airport. This city is a complete package of a rich commercial zone with a well-planned network of roads and metro. Moreover, its explicit residential boulevards, creative units, hotels, and plazas have a strong transportation network.
4. Lesser Time Involved In Installation
Forming a company in Sharjah Media city takes lesser than a week. While all the documentation and paperwork were completed within a time span of 2 days. The entire team of TVG consultancy ensures the completion of the remaining process including the Visa stamping and Immigration card formalities in a month. Additionally, they recruit the workforce for you without the requirement of contract attestation from the Ministry of Labor.
Also Read: 6 Reasons Why Dubai Mainland Business Incorporation Is A Win-Win Game
5. Easier Visa Process
One unignorable benefit of establishing a business in Shams Media city is quick visa access. It gives you the freedom to acquire investor visas without any age restriction or payment deposit. The limit is up to six visas through the facility of the shared desk.
6. Business Formation Benefits Without Any Physical Presence
Companies do not need any physical presence for the legitimization of their existence in the Shams free zone. It lets the owners operate their business from anywhere. Companies can enjoy all the advantages of LLC with the power to appoint the corporate directors and corporate managers in the firm.
7. Introduction To A Registered Agent System
Shams free zones introduce an effective registered agent system. As an investor, you can incorporate your company through a registered agent for the purpose to maintain the point of contact. It contributes toward a decentralized structure that offers quick customer service and valid information support.
Wrapping it up:
Without a doubt, you’ll surely incorporate your business at Shams Free Zone after reading this blog post. And why not? After all, there are so many perks your business can enjoy in the Shams Media Free Zone. Ready for the positive change? Get in touch with the experts to make your business formation in UAE Free Zones a smooth process.
Faq
- What are the SHAMS Free zones in the UAE?
Launched back in 2017, SHAMS free zone aka Sharjah Media city is one of the free zones in the Emirates. This zone holds endless opportunities for the business of the servicing sector, such as tourism, media and broadcasting, etc. - How much does it cost to start a business in Sharjah?
The cost of starting a business in Sharjah depends on the type of business you are willing to start and the number of licenses you require.
- If I take License from SHAMS, will I be able to do business in other emirates?
No, your SHAMS business license is not valid in other zones of Emirates. You can only do business in the Emirates with a mainland company license.
How To Apply For UAE Golden Visa? (Easy Steps)
If you’re willing to apply for the UAE Golden Visa, then must go through this blog post. Check it out!
Think of yourself surrounded by picturesque skyscraper buildings and a plethora of business opportunities. Well, that’s what living in the UAE seems like. This country that never settles for less is a dream for many individuals. And then if you get a Golden Visa here, it’s like a cherry on top. But before that, let us tell you why there is too much hype regarding the Golden Visa.
Why is the Golden Visa of the UAE So Essential?
Back in 2019, the government of the UAE launched the Golden Visa. The motive was to ensure a chance of having a sustainable lifestyle for the foreigners in the country. So, the best thing the government thought of doing was to issue Golden Visas to the eligible candidates.
Along with bringing a privileged status for residents, it brings a plethora of perks. If you are an entrepreneur or professional, then having a Golden Visa saves you from several barriers in the accomplishment of several processes.
In simple words, it’s a long-term residence visa for individuals who believe in showing exemplary performance in their profession. Unlike the “Kafala” sponsorship system where the foreigners generally get limited residence permit duration, the residence term is 10 years in Golden Visa. Eager to know how to apply for it? Let’s dive in.
Benefits of UAE Golden Visa
If we talk about the Golden Visa system, then all we hear is its neverending benefits. It offers 5 and 10 years long-term residency that’s eligible for renewal. Here are the following groups which get advantages of it:
- Investors
- Entrepreneurs
- Individuals with outstanding talents( researchers, medical, scientific and other knowledged professionals)
- Outstanding Students
Recently, the General Directorate of Residency and Foreigners Affairs(GDFRA) launched the 24*7 service called, ‘You are Special.’ Although the service was announced last year, it became operational this March.
The focus of the service will be to assist Golden Visa holders. Isn’t having a Dubai Golden Visa a win-win thing? Now, it’s time to tell you the eligibility criteria to apply for it.
What are the eligibility criteria to apply for the Golden Visa?
When it comes to eligibility criteria to apply for the Golden Visa, it’s might differ from group to group. Here is what you need to know about the golden visa eligibility criteria.
Requirements For Investors
As an investor, there are a few things you need to keep in mind while applying for a Golden visa. Just cross-check if you’re fulfilling the following criteria:
- Must have at least AED 10 million of public investment (Either as an investment fund or a company) for 10-years golden and AED 5 million for a 5-years visa
- 60% of the total investment should not be in the form of real estate, loan or any kind of assets
- Investors require to have 100% ownership
- Being an investor, you need to hold the investment for a minimum of 3 years periods
In addition to entrepreneurs, people with specialized talents like doctors, researchers, scientists, Executive Directors, Educators (in priority fields), Sports, Ph.D. Holders, Engineers, investors, and artists can also apply for the golden visa. These individuals can receive a 10-year visa after accreditations are granted by their respective departments and areas and the visa will also be extended to their parents, spouses, and children if the graduate has the financial means to do so and is able to provide accommodation.
Requirements For Individuals with Outstanding Talents
Even individuals with outstanding talents can apply for Golden Visa. Yes, you heard it right. You don’t require to be an entrepreneur for it. So, if you hold a special talent in the fields of medical science, sports, various arts, and more, then too you can apply for the Golden visa. Scroll down to know a few of the important criteria:
- Scientists: Accreditation by the Emirati Council of Scientists or must hold the Mohammed Bin Rashid Medal for Scientific Excellence
- Artists: Accreditation by the Ministry of Culture and Knowledge Department
Although the aforementioned points are just a few criteria, it’s beneficial to seek advice from a management service for easy Golden visa processing.
Criteria For Students
Good grades might not buy you a castle, but they’ll definitely get you a Golden Visa of UAE. Dubai’s government allows academically sharp students a chance to explore their potential. So, they offer them a chance to relocate to UAE without any hassle. If you secured 95% grades or above in graduation, you’re eligible to apply for the Golden Visa.
How to Easily Apply For UAE Golden Visa?
I think after reading about the endless benefits of a Golden Visa, you might be eager to know how can you apply for it. Well, you just need to visit the official website of the Federal Authority for Identity and Citizenship (ICA)or the General Directorate of Residency and Foreigners Affairs (GDRFA). Both the authorities work under the supervision of the Ministry.
ICA offers you online channels, whereas GDRFA provides both online and offline channels.
Wrapping it up:
Indeed, having a UAE Golden Visa gives you a cornucopia of benefits you can enjoy with. This country of skyscrapers has a strong security system, state-of-the-art infrastructure, liberal trade laws, and much more. Ready for the hassle-free processing of a Golden Visa in Dubai? Get in touch with Visa experts today!
6 Reasons Why Dubai Mainland Business Incorporation Is A Win-Win Game
If you’re planning for Dubai Mainland business incorporation, it can be a win-win game. And why not? After all, Dubai’s surprising industrial growth isn’t hidden from anyone. It simply implies that Dubai Mainland Company formation is the most preferred option for many investors.
One reason is the advantage of 100% repatriation of profits and capital gains investors get while doing business in this skyscraper’s city. Eager to know the other reasons? Let’s dive in.
6 Reasons Why Dubai Mainland Company Formation Is A Win-Win Game
Your decision makes sense if it’s setting up a company in Dubai Mainland. Want to know why? Check out these below-listed reasons:
1. Exposure to the local Market Place
One thing that’s really exciting about Dubai is its local market. It holds a strong place with a plethora of opportunities for business aspirants. No matter which industry you belong to, there are endless scopes for your company to thrive. Here are a few industries that are doing exceptionally well in Dubai today:
- Retail
- Tourism & Hospitality
- Hospital & Health Care
- Marketing & Advertising
- Automobiles
- Construction
- Food & Beverages
- Education and Consultancy
- IT & Softwares
2. Liberty to Trade Within Dubai and Other Regions in the UAE
After setting up your company in Dubai Mainland, you can enjoy the freedom of trading with Dubai and other Emirati regions. Thanks to the liberal trading permissions this city grants you. In short, there are no restrictions on legal and legitimate trading activities.
All you need to do is to connect with the DED(Department of Economic Development) and other government bodies for the completion of legal procedures. Just submit the required documents after placing the request for approval.
3. Benefit of 100% Business Ownership
The need for 100% ownership is always a major concern for entrepreneurs and investors whatsoever the business is. Which business owner likes to share his/her equity? It only happens either due to the shortage of funds or strict company laws of the country.
In Dubai Mainland, at least you don’t have to bother about the company ownership laws. It’s 100% ownership without any need of hiring the local sponsor/UAE national according to the latest amendments.
Also Read 7 Explicit Benefits Of IFZA Company Formation In UAE You Must Know
4. Freedom To Bid for Government Projects
Another good thing about Dubai Mainland company formation is the exposure to investing in lucrative government contracts. In case you win these projects, your reputation in the market will eventually hike. Consequently, it will enhance your credibility in the Emirate’s corporate world.
Bidding for government projects isn’t possible with Free zone companies despite their favorability for business activities. Additionally, you get to learn a lot from government contracts.
5. Lenient Tax Laws
Tax laws are the biggest barriers for companies that often stop them from investing in a business. However, the situation is completely different when it comes to carrying out business activities in Dubai Mainland. Well, there isn’t any corporate tax. Yes, you heard it right.
The maximum you will require to pay will be the VAT and it’s not too pricey. Just 5% on tax-registered businesses. Besides that, the Dubai government is extremely transparent to all businesses.
6. Access To Unlimited Number Of Visas
Having access to an unlimited number of visas plays an essential role if you wish to expand your business across the UAE. Unlike free zone businesses, Dubai Mainland businesses get the freedom to apply for multiple visas depending on the company requirements. All in all, the more visas you apply for, the more office space you get to rent.
This advantage will be helpful for your business in a situation where your employees ask to work remotely. Thus, you can request the MoHRE (Ministry of Human Resources & Emiratisation) to grant you permission in renting out the extra office space.
Wrapping it up:
Indeed, incorporating your dream venture into the Dubai Mainland is a lucrative business opportunity you shouldn’t miss at all. You get the exposure to take government projects, enjoy liberal government policies, and 100% ownership more than it.
Ready for the big move? Connect with the mainland license experts for Dubai Mainland business incorporation today.
7 Explicit Benefits Of IFZA Company Formation In UAE You Must Know
Thinking about why should you prefer IFZA company formation in UAE? Well, there is a myriad of reasons you must prefer it. Do you want to know why? Let me give you an example.
Imagine you established your office in the UAE without spending a hefty budget on it. Doesn’t it sound like a perfect deal? It happens in the free trade zones of Dubai. And IFZA (International Freezone Authority) is one of them.
IFZA is gradually transforming into a leading investment hub for national and international business owners Thanks to the ample trading benefits for performing various business activities here. Let’s dive in to have a glance at a few of those benefits.
7 Explicit Benefits Of IFZA Company Formation In UAE
1. Affordable Setup Costs
The prior concern when it comes to setting up a Freezone business in UAE is the cost. It’s the palace where IFZA performs explicitly. Since the establishment of this zone, it’s introducing a plethora of highly attractive company formation packages at the most cost-friendly rates as compared to other UAE-free zones.
2. Comparatively Lower Annual Renewal Prices
Freezone Company Licenses usually demand annual renewals. This thing can further add to the cost of your business operations. Fortunately, the prices of renewing the IFZA’s licenses are comparatively lower. It can further help your business in reducing the cost of your company’s formation. All in all, being a business owner you can get advantages from low-cost company incorporation expenses and ongoing company renewal charges.
3. Faster Business Incorporation Procedure
Another advantage of IFZA Free Zone company formation is the swiftness of this process. You don’t need to be physically present in the IFZA area while registering your business. Moreover, IFZA provides an extremely convenient approval scheme in comparison to other authorities. Ultimately, it allows you to incorporate your business in this region within eyes’ blink.
4. Advantages of opening A LLC Business
An LLC (Limited Liability Company) structure has always been a preferred option for investors while starting a business. It’s the adaptability of this company formation structure that makes it possible. In IFZA Free Zones, you get the liberty of opening an LLC business for independent entity operations. As a result, it becomes appealing to run your business in the IFZA areas of UAE.
5. Accessibility of 1000+ Business Activities
The IFZA Freezone brings in six different license categories that cover over 1000 possible business activities. Wondering what it means? Basically, IFZA is among the free zones in UAE that lets investors combine activities like consulting, services, and trading under one license. However, these trading activities should belong to a related business field. Furthermore, each company license type allocates different visas resulting in future savings.
6. Adaptability in upgrading licenses
One more good thing about IFZA company formation in UAE is the adaptability you get in upgrading the licenses. The cost of setting up a company in the IFZA region depends on the allocated visas to the company licenses. Currently, the package splits according to the six visa allocation categories, starting from 0 and ending at 6. As per your business requirements, the IFZA Free Zones give you the flexibility to expand your visa packages later.
7. Ease to Open A Corporate Bank Account
Opening a corporate bank account is an inevitable step that businesses have to take while registering their business. But don’t you think this process needs to be hassle-free? Of course, you do. Well, it’s easy in the IFZA regions of UAE. IFZA offers a vast list of banks where business owners can effortlessly open their bank accounts.
Final Thoughts:
Undeniably, forming your business in IFZA areas is an effective way to register your business in Dubai. It’s achievable with the help of professional business consultants. Are you ready for this life-changing step towards a successful business in the free zones? Get in touch with experts for IFZA Company Formation In UAE.
Top 6 Reasons Why You Need To Set Up Business In Dubai (2022 Tips)
Eager to know why should you set up business in Dubai? Well, there is a cornucopia of reasons. Check out this blog post to know each of them.
With its suitable geographical location for trade, Dubai is an excellent place for setting up a Business. Moreover, you don’t have to pay income, corporate, or business tax for starting your business in UAE.
1. Reputable Dubai Address
Now, imagine a vibey office space which you can decorate the way you like in this trade hub. Having an office space in Dubai has ample benefits. Let’s dive to know the six most prominent ones.
Once you set up business in Dubai, you become eligible to apply for a reputable Dubai address. And when you have the office space in UAE with best-in-class infrastructure, it would definitely hike up your business branding.
However, there are a few business activities in Dubai where having an office space isn’t a compulsion. For instance, as an entrepreneur, you can run a software application development firm in Dubai without any office space. All you have to do is to register it in UAE.
2. Effortless Process To Set Up Business In Dubai
Did you know? UAE ranks in the 11th position on World Bank’s Annual ease of doing business for the year 2021. It means UAE has the most supportive legal structure for entrepreneurs. Thanks to Dubai’s government for being a pillar in ensuring the overall business sustainability.
One of the perks of this effortless process is the 100% foreign ownership the businesses get in Dubai.
3. Minimal Documentation Requirements
After establishing your business in Dubai, you don’t have to experience too much hassle. Who takes the credit? The minimal documentation requirements for owning or renting an office property in Dubai.
As a business owner, you have the freedom to choose from various leasing and licensing options. All you have to do is read the terms and conditions of office leasing with the Department of Economic Development or Free Zone authorities. The best way is to seek help from a consultancy firm like TVG.
Also Read: Steps and Procedures for Business Setup in UAE
4. Reduced Overhead Expenses
Additional office expenses are the biggest threat businesses have while setting up their business. But Dubai is the best place for dropping this fear. It’s because the electricity and water usage expenses across the Free Zones of UAE are all-inclusive in the rent.
Suppose you own fully-furnished office space, there isn’t any external investment you have to bare. All in all, you just need to take care of the operational expenses.
5. Quality Living Standards
Besides a plethora of professional benefits of setting up a business in the UAE, you can also enjoy the amazing personal and social facilities of this country. It secures 3rd rank in Asia and 20th in the Global Quality Index of living standards.
Here are a few good things about this place that makes it a top-notch choice for trading and living:
- State-of-the-art Infrastructure
- World-class Health Care Services
- 100% Government Support
- Extraordinarily Talented People
6. Accessible Operational Timings
If you have office space in Dubai, you get the flexibility to operate it 24/7. Thus, you can stay carefree about working hour restrictions that you might probably have in other cities of various countries.
Moreover, you can offer access to your employees to work at their suitable timings. They can stay assured when it comes to security. Well, the UAE government has strict security laws for its citizens.
Summing it up:
Undeniably, Dubai is the perfect place for incubating the culture of Entrepreneurship. Kudos to the liberal laws its government has for entrepreneurs. We are sure after reading this post you have ample reason to set up business in Dubai.
Do you need some insightful tips for setting up your business in Dubai Mainland? Get in touch with experts.
