Directions FZE provides a comprehensive suite of services that includes Incorporation Services,Business Set-Up Services, Accounting & Audit Services, Business & Management consultancy, Marketing consultancy, Visa Assistance, Banking Assistance Financial Services and Consultancy Services. We assist local and overseas investors in Freezone Company Formation, Non Freezone Company Formation and Off Shore Company Formation. The gamut of Financial Services consists of accounting services like accounts update, supervision and internal audit, business planning and re-engineering, working capital management, MIS consultancy, project finance sourcing and Accounting software. We also provide Consultancy Services on matters related to starting new ventures in Dubai.
Dubai presents excellent business opportunities for global investors. It is a city with dynamic business culture, a highly developed economy, urbanized transport infrastructure, the finest residential and commercial accommodations, world-class exhibition and conference venues and a huge consumer base. If you wish to set up business in Dubai, we are there to provide a host of Incorporation Services. You need not worry at all about the procedures, time and cost of Business Set-Up for we will guide you through the entire process and make best use of our networks in concerned ministries to get quick approvals.
We provide reliable Company Formation Services in UAE. Our company is considered as the one-stop solution for providing comprehensive Incorporation Services to our esteemed clients in this thriving hub. Our Incorporation Services have been highly appreciated for providing total assistance in incorporating a company. We work on the criteria of providing complete satisfaction to our clients, which is the chief reason of our success.
The United Arab Emirates is a thriving hub for investors. Especially, Dubai promises a lot to those who wish to set up business in this world-class city. In Dubai, there are industry clusters, termed as Free Zones. The companies set up in the Free Zones are exempted from several restrictions imposed by the Companies Law and the other UAE Laws and regulations. The finance procedures are simple and the companies in such areas can have 100% foreign ownership.
We are a reliable business entity engaged in offering assistance to clients interested in Offshore Company Formation Dubai. We have expertise in Offshore Company Incorporation Dubai. There are many benefits associated with Offshore Company Registration In Dubai. An offshore company gets 100% tax exemption, there is no limit on minimum share capital, and 100% foreign ownership is allowed. There are no auditing related hassles &, best of all; an offshore company in Dubai will not have a tax haven tag attached to it. We have extensive experience in this aspect and have complete knowledge about procedures and legalities involved in Offshore Business Setup in Dubai.
We have a proficient team of experience professional who can provide effective solutions to all your queries regarding this e.g. minimum no. of directors, any restrictions while naming the company, etc.
Important aspects to be examined and which RAK (Ras Al Khaimah) offers may be outlined as follows :
By setting up UAE offshore company, businesses can expand their commercial activity within UAE. The Emirate of Ras Al Khaimah (RAK) has launched associate degree offshore facility. The International Business corporations (IBC) written account permits foreign investors to register offshore corporations as RAK Offshore, a division of RAK Investment Authority (RAKIA) while not the necessity to ascertain a physical presence within the UAE.
United Arab Emirate’s geographical proximity and cultural similarities makes it a prime location for businesses from countries within the Gulf and also the near east. These countries have already got sturdy business links with the United Arab Emirates. RAK Offshore is additionally seemingly to profit from the very fact that some countries within the region suffer from political unrest and/or quality protection problems.
The United Arab Emirates is a ‘real’ country with a ‘real economy’ with a population of roughly four million. It has a longtime history of international trade, finance and business, and nowadays it’s one among the quickest growing countries within the world with one among the very best standards of living.
Are you looking for expert assistance in Non Free zone Company Registration In UAE? If yes, we specialize in all aspects of Non Free zone Company Incorporation UAE and can offer you our expert help. There are several legalities involved in the process of Non Free zone Company Formation in UAE e.g. for non UAE nationals to do commercial business in UAE, they need to partner up with UAE nationals who must own 51% of the capital in the company. Also a foreign company may have branches or representative offices in UAE which is fully owned by a foreigner. But such branches are not allowed to engage in commercial business. There are many other such law and regulations which govern the company formation in Non free zones. We have complete knowledge regarding these and can offer you expert assistance.
UAE mainland consists of all Business Entities which are directly registered under, each emirates government (other than specific free trade zones) and its authorities with the limitation of commercialized geographical areas. These main Land setups directly represent the Government policies and its legal Structure towards its most developed Economy
The basic requirement for all business activity in UAE is one of the following three categories of licenses:
Some categories of businesses require approval from ministries also: for example, banks and financial institutions from the Central Bank of the UAE; manufacturing from the Ministry of Finance and Industry; and pharmaceutical and medical products from the Ministry of Health; branch of foreign company from the ministry of Economy and Commerce. More detailed procedures apply to businesses engaged in oil or gas production and related industries.
In practice, however, Dubai company formation procedures are similar to the general system other emirates follow, whereby foreign owned offshore companies operated in one of three ways: with a local sponsor, through a partnership with a UAE national or company, or through a private limited company or public shareholding company incorporated by Ruler's decree. Since 1984, steps have been taken to introduce a codified company law applicable throughout the UAE. Federal Law No. 8 of 1984, as amended by Federal Law No. 13 of 1988 - the “Commercial Companies Law” - and its by-laws have been issued. In broad terms the provisions of the Law are as follows: The Federal Law stipulates a total local equity of not less than 51% in any commercial company and defines seven categories of business organization which can be established in the UAE. It sets out the requirements in terms of shareholders, directors, minimum capital levels and offshore company incorporation procedures. It further lays down provisions governing conversion, merger and dissolution of companies.
Federal Law No. 8 of 1984, as amended by Federal Law No. 13 of 1988 - the Commercial Companies Law - and its by-laws govern the operations of foreign business. In broad terms the provisions of these regulations are as follows:
The Federal Law stipulates a total local equity of not less than 51% in any commercial company and defines seven categories of business organization, which can be established in the UAE. It sets out the requirements in terms of shareholders, directors, minimum capital levels and incorporation procedures. The seven categories of business organization defined by the
Law are :
General partnership companies are limited to UAE nationals only. The Dubai government does not presently encourage the establishment of partnership-en-commendam and share partnership companies.
A joint venture is a contractual agreement between a foreign party and a local party licensed to engage in the desired activity. The local equity participation in the joint venture must be at least 51%, but the profit and loss distribution can be mutually agreed. Joint ventures are suitable for companies working together on specific projects.
The Law stipulates that companies engaging in banking, insurance, or financial activities should be run as public shareholding companies. Foreign banks, insurance and financial companies, however, can establish a presence in Dubai by opening a branch or representative office.
Shareholding companies are suitable primarily for large projects or operations, since the minimum capital required is Dh. 10 million (US$ 2.725 million) for a public company, and Dh. 2 million (US$ 0.545 million) for a private shareholding company. The chairman and majority of directors must be UAE nationals and there is less flexibility of profit distribution than is permissible in the case of limited liability companies.
A limited liability company can be formed by a minimum of two and a maximum of 50 persons whose liability is limited to their shares in the company’s capital. Most companies with expatriate partners have opted for this form of company.
In Dubai, the minimum capital is currently AED 300,000 (US$ 82,000), contributed in cash. But now it is not mandatory to show this amount deposited in bank account during registration of the company.
While foreign equity in the company may not exceed 49%, profit and loss distribution can be mutually agreed. Responsibility for the management of a limited liability company can be vested in the foreign or national partners or a third party.
The Commercial Companies Law also covers the formation and regulation of branches and representative offices of foreign companies in the UAE and stipulates that they may be 100% foreign owned, provided a local agent is appointed.
Only UAE nationals or companies 100% owned by UAE nationals may be appointed as local service agents. Local agents - also sometimes referred to as sponsors - are not involved in the operations of the company but assist in obtaining visas, labour cards, etc and are paid a lump sum and/or a percentage of profits or turnover. In general, branches and offices of foreign commercial companies are not licensed to engage in importing activity except for re-export or in the case of products of a highly technical nature. To establish a branch or representative office in Dubai the following documents are required:
In setting up a professional firm, 100% foreign ownership, sole proprietorships or civil companies are permitted. Such firms may engage in professional or artisan activities but the number of staff members that may be employed is limited. A UAE national must be appointed as local service agent, but he has no direct involvement in the business and is paid a lump sum and/or percentage of profits or turnover. The role of the local service agent is to assist in obtaining licenses, visas, labour cards, etc…
We are a reputed company engaged in providing excellent Financial Services in Dubai. We also specialize in offering Business Accounting Services in UAE. Our scope of services include updating company accounts, internal audit, working capital management, MIS consultancy, business planning and re-engineering, project finance sourcing and handling latest Accounting software. Our areas of expertise also extend to business valuation, banking assistance, tax planning, budgeting and projections. We have a team of experienced professionals who have expert knowledge regarding all matters related to finance. Under their expert guidance, your financial matters will be sorted out in no time at all & we leave no scope for flaws.
We are a leading business entity and are engaged in providing Business Consultancy Services In Dubai. Our Management Consulting Services can be availed by any business entity that wants to improve its overall performance. We have a team of experienced professionals that has wide-ranging expertise in resolving all kinds of organizational problems. The objective view point and specialized expertise provided by our dedicated team has helped many companies till date. By availing our Consultancy Services, you can get expert advice regarding the best ways to manage & operate your business. For any queries regarding our Management Consulting Services, you can get in touch with our team at the earliest.