Company Formation in Dubai

There is no doubt in say that Dubai is one of the world’s best corporate business hubs. The reason behind this, The Dubai government is very keen and supportive in the development of a fast paced corporate structure in the emirate. Dubai provides favorable business opportunities of Company formation in Dubai for various types of business structures in their respective fields. Therefore, it is profitable to setup any type of company in Dubai as the government warmly welcomes entrepreneurs from all parts of world for this purpose.

Starting a business in Dubai need a clear understanding on choosing the suitable business structure in Dubai so you need to understand, that what the best business structure in Dubai is as it could be Dubai mainland Company, Free Zone Company or offshore company formation. Followed by that you need to choose the right type of company, Type of license and type of business activities you wish to provide.

Are you looking for Company Formation in the UAE?

With RIZ & MONA CONSULTANCY, Company Formation in Dubai has ever been so smooth and speedy with over a decade of its experience in the related field. Our professional business consultants are well aware of rules, regulations and procedures setting up business in Dubai and in UAE Free Zones.

Types of Company Formation in Dubai

There are 3 different types of jurisdictions available for company formation in Dubai. All these jurisdictions have their own rules and they prove beneficial for different types of businesses.

Mainland Company

Dubai mainland company is also called an onshore company which is licensed by the Department of Economic Development (DED) of Dubai. Mainland Company is allowed to conduct business in the local market as well as outside UAE without any restriction.

Free Zone Company

Free zones in Dubai or in UAE are design to conduct the international business or business between the free zones. Free zone Company Formation is a highly favorable among the investors or in Corporates because of incentives like:

  • 100% foreign ownership
  • Customs privileges
  • Exemption of taxes
  • Cost Effective and affordable
  • Well established transport network and road connectivity
  • Affordable cost for high-quality labor

Offshore Company

Most of the businesses prefer to set up an offshore company, also known as non-resident company, in Dubai or in RAKEZ however this is the best option to conduct the international business only and you cannot do business in UAE under offshore company. People also prefer to setup an offshore company as a holding company so that they can hold:

  • The shares of other companies in other jurisdictions as holding company
  • Intellectual property rights like patent, trademark, copyright, etc.
  • Licensing of franchises of companies

Types of Entities for Company Formation in Dubai

Foreign companies planning to setup a venture here in Dubai, like company formation in Dubai or business formation in Dubai, a person can get eight main legal entity options. These are as follows:-

  • Limited Liability Company formation
  • Free zone company formation in Dubai
  • Offshore company formation in Dubai
  • Dubai Mainland Company Setup
  • Branch and representative offices
  • Professional firms in Dubai
  • Shareholding companies
  • Joint venture companies

Company Formation in Dubai and Across UAE

  • 100% ownership of business ,no local national involvement required

  • 100% tax free

  • World Class Infrastructure of transport roads

  • Flexible bank account opening and maintaining

  • 3 years visas for investors, staff and family members

  • Warehouse and office facilities

  • Business friendly legal framework

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  • 100% foreign ownership

  • Anonymity, confidentiality and Asset Protection

  • Most cost effective structure to start an international business

  • No office space & Visa requirements

  • Flexible bank account opening and maintaining

  • Multi-currency bank accounts in local and international banks

  • Fast incorporation process (2 or 3 working days)

  • Hold properties through offshore Company

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  • 100% Foreign Ownership (Professional Licenses)

  • 49% ownership, and majority profit sharing arrangement

  • No corporate taxation

  • Simple staff recruitment procedures

  • Business Friendly Environment

  • World Class Infrastructure

  • Multi-currency bank accounts

  • Get access to the UAE local market and international markets

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  • No personal income and capital taxes

  • No corporate taxation

  • Zero Tax on income returns

  • Competitive import duties

  • Simple staff recruitment procedures

  • Competitive freight charges

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What are the Types of Business Licenses Available in Dubai?

The Department of Economic Development (DED), Dubai is the main licensing authority that issues licenses for all sorts of business activities in Dubai. A major prerequisite for all business licenses is to choose the suitable license category from the following 3 categories of licenses:

Dubai Commercial License

Dubai Commercial License includes all kind of trading activities. It is a type of Limited Liability Company (LLC). As per Article 22 of the Companies Law, specifies that there should be minimum 51% shares of the UAE National. This commercial license will have a local Emirati (Dubai Local Sponsor) who will hold 51% shares in the company and for which Local Emirati will be paid annually. The local sponsor can either be an individual or a corporate sponsor.

Dubai Professional License:

It is a type of Sole Establishment or a Civil Company depends on No of investors/partners. The license holder is permitted 100% foreign ownership. In order to obtain this license a UAE national must be appointed as Local Service Agent but he will not hold any share in the company. The sponsorship fee is paid on a yearly basis.

Dubai Industrial License

For setting up a manufacturing or industrial activity

Benefits of Company Formation in Dubai

  • Complete repatriation of profits and capital for all types of companies
  • 100% foreign ownership for free zone companies, offshore company and (professional license holder) mainland companies
  • No need of local sponsor for free zone companies and mainland companies with professional license
  • Offshore companies and several free zones are completely tax free. Very small tax on other business jurisdictions
  • Relatively cheaper, easily available and competent labor and staff
  • World class infrastructure (offices, warehouses, roads etc.) and proximity to important airports and seaports
  • Flexible bank account opening and maintenance with availability of multi-currency bank accounts
  • 3 year visas for investor, family members and staff
  • Company registration process is simple and quick due to use of modern technology
  • Best residential and commercial structures with state of the art telecommunication and reliable utility system

What is the Procedure for Company Formation in Dubai?

  • Choose the Name of the Company

Choosing the name of the proposed company is the first step when it comes to company formation in Dubai. Every company will select a trade name before its formation. This trade name must be unique and according to rules and regulations of DED. This name has to be approved by DED (Department of Economic Department)

  • Choose the right business activity.

You must be aware of your business activity as if you are conducting trading business you need to setup a commercial license and in case of services you need to setup a professional company.

  • Hire the Local Sponsor

A local sponsor (Local Emirati) is required for Dubai mainland company formation (except for those with professional license where local Emirati will be act as a local service agent). Local sponsor will hold 51% shares of a company against an annual fee.

Local service agents are required in case of professional license. The UAE national will not hold any company shares in professional company.

  • Select the office Location

Selecting appropriate location and making a tenancy contract is also necessary for registration of company in Dubai. You can also choose virtual office in any of the business centers but it depends on the business activity.

  • Preparation of the M&A

The next step is to prepare MOA (memorandum of association) of the new company.

  • Final Submission

License application, MOA, tenancy contract and several other documents will also be required for final submission according to the type of company and jurisdiction selected for your business.

How RIZ & MONA Consultancy Can Help You?

We are specialized in all types of company formation in Dubai and UAE, Starting from Onshore to Offshore and Free Zones.

  • We can advise and consultant on what is the best and suitable business structure you need for your current and future plans.
  • We provide services in all business jurisdictions of Dubai for all types of company formation
  • We assist in completion of the whole process from finding local sponsors to attestation of documents and ensuring quick and problem-free company registration process in relevant authorities
  • We provide legal services, translation services, bank account opening, visa services and all other services required during and after the registration and licensing process of company formation
  • We have a good reputation and complete knowledge of local market due to years of experience and number of satisfied clients in Dubai and other emirates of UAE

 

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Reviews

Rizmona is Brilliant

Rated 5 out of 5
July 31, 2021

We’d like to say thanks to rizmona consultancy for providing help in the formation of our company. They are trained to manage difficult deadlines, moreover consulting experts are v.professional at their job.
If you are someone who value the quality of work, then these are the people you may want to contact.

Gretchen G.

👍

Rated 5 out of 5
July 26, 2021

worth a try, one of the most professional and cost effective service givers for creating new company anywhere! all the best.

wasim ismail

Business Setup

Rated 5 out of 5
July 13, 2021

Strongly recommending these businesses consultants for forming a company in Dubai or for any other business setup advisory.

John Samuel

recommended

Rated 5 out of 5
July 2, 2021

learnd a gr8 deal of stuff frm ths compny.

jabanika borah

TOO GOOD

Rated 5 out of 5
June 29, 2021

The concerned business advisors have helped us to expand our footprint further in the region, now we are operating in various free zones to give boost to our business. we are seeing rizmona consultancy as a tool of our succsess. BIG RECOMMENDATION

TERRY JONS

Best Investment

Rated 5 out of 5
June 25, 2021

Contacting Rizmona was one the greatest investment I have made and due to their expert advise I am seeing my free zone company going in the direction of success. They do not take much time in analyzing your buisness model or any potential flaw that is harming your growth. You can easily witness their expertise in their work and the way consult you.
Lastly with Rizmona you don’t need to worry about the expence because trust me their rates are best in the market for the value the provide. Work with them once to understand the difference.

Joann W.

10/10

Rated 5 out of 5
June 23, 2021

the best team ever to work with!

vladimir matinec

Company Formation

Rated 5 out of 5
June 21, 2021

Very professional management this agency have, polite and honest consultants. We enjoyed our time dealing with Riz & Mona consultancy agency. they are reliable for company formation Dubai. We personally recommend them.

Pavlos and co

great.

Rated 5 out of 5
June 16, 2021

good job team.

murtaza.

AMAZING

Rated 5 out of 5
June 11, 2021

It has been amazing to deal with Riz and Mona consultancy, consulting experts are knowledgeable and have information of every rules and regulations in the UAE that can potentially save you from aquiring the wrong license for your business.

Joanne Milton

refreshing

Rated 5 out of 5
June 9, 2021

office environment was dynnamic and refreshing.

Brad JR

Outclass performance.

Rated 5 out of 5
June 4, 2021

Recommending RIZMONA to everyone looking forward to form a company or branch office in Dubai, UAE.

jenny

Excellent Services

Rated 5 out of 5
June 1, 2021

LOVED WORKING WITH THEIR TEAM!

RAMSHA ALI

Valuable Work

Rated 5 out of 5
May 29, 2021

Tips & support which I have gotten from rizmona was staggeringly awesome, their team of experts consultants are adaptive and very humble to work with and have great thoughts just as the knowledge to execute those ideas. I THINK HIGHLY OF THIS COMPANY.

ashwak p

Company Establisment Dubai

Rated 5 out of 5
May 20, 2021

As it was my first launch in Dubai I was in a way very skeptical about almost every step I took but contacting this agency is so far the best decision I made. theres still some work to be done but as for now they have been excellent.

Steven Disanto

Free!

Rated 5 out of 5
May 9, 2021

THE GAVE ME CONSULTATION FOR FREE!!

David R. Fort

Good Job

Rated 5 out of 5
May 9, 2021

RizMona a is reliable business consultancy firm.

Martin H.

Compeletly Satisfied

Rated 5 out of 5
May 5, 2021

I am very satisfied and thankful to be supported by RizMona Business Consultancy firm. They are all what I needed.

Sam Forbes

Free Zone Company Formation Dubai

Rated 5 out of 5
May 2, 2021

Their experts have very good communication skills. Great overall journey.

Kip Anderson

Great Value

Rated 5 out of 5
April 28, 2021

Their services are worth spending some money.

Theresa S.

Neat Work

Rated 5 out of 5
April 26, 2021

They do not complicate stuff and rather lay out everything in simple terms so it could easily be understood by everyone.

Cray B.

Company Formation in Dubai

Rated 5 out of 5
April 22, 2021

This is the first time that I have ever worked with RizMona consultancy firm and they have certainly lived up to their reputation.

Leon Kerr