The United Arab Emirates
The United Arab Emirates is the richest country with a fairly loyal legislation. The largest capitals turn here and, accordingly, the widest opportunities open up. And also business in the UAE is a profitable investment, as the kingdom charges a minimal set of taxes and in general pursues a loyal policy towards foreign company owners. for this reason it is worth considering opening a business in the Emirates, as another step to success.
Registration of a firm in the UAE: where to start
The process of creating a legal entity in the Emirates begins with choosing the type of activity and studying the requirements for the creation of a company in a particular area. It is worth noting that each emirate has its own requirements, so this issue should be taken seriously . For example, Dubai requires each company owner to have a license business setup in uae. This document limits the scope of the company. That is, the firm that received the paper can work only in one direction specified in it.
Also in the UAE there are other requirements for the organizers:
The firm must have 1 director and founder;
All information about the director and founders must be open and available to state authorities;
Prior to registration, an application form must be filled out;
it is necessary to provide the articles of association and constituent documents;
registration is not possible without a package of copies of documents of each founder (passport copies, contact information, references from the bank and other documents.
In addition, in the UAE is allowed to create a business by other companies. If the founders are legal entities it is necessary to provide state authorities with constituent and charter documents, decision of the board of directors or other managing body on registration of an offshore in the Emirates.
Benefits and advantages of doing business in the Emirates
Opening a company in this country provides the following advantages and benefits:
minimum taxes - there is no income on income, both personal and corporate, in the UAE;
The owners, investors and founders of the company are its full owners, that is, there is no need to involve a citizen of the Kingdom among the founders in the UAE;
Simplicity and high speed of registration of the company - within 5-7 days it is possible to pass all the procedures and start working;
Minimum cost of maintenance of the company - no mandatory requirements to rent premises, the provision of any guarantees and mandatory requirements to employ citizens of the country.
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