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Jurisdictions: UAE

Basic information about the jurisdiction of the UAE

Jurisdiction

UAE

Taxation

0% - income tax (except for oil and gas processing companies, foreign banks)

5% - VAT

Types of companies

Offshore - Offshore Companies

Free zone –company from free economic zones

Local - local companies with a 51% resident shareholder

Is the registry open or closed?

Registry is closed

International treaties

More than 50 agreements with various countries, including Ukraine, Kazakhstan, Austria, Azerbaijan, Germany and Poland

They are only valid for local companies and free zones that can receive a tax residency certificate.

Rates with Ukraine

5% - dividends

3% - interest

0/10% - royalty

Where to open a bank account?

Emirates NBD, Noor Bank, Mashreq, United Arab Bank

Is it necessary to go to the opening of the company and for whom?

Director, founder

Benefits

Respectable jurisdiction.

Large selection of companies

Not included in the list of offshore

Work in dollars

Type of company UAE

Characteristic

Offshore

 

Offshore company

Emirate for registration

JAFZA Offshore,

Ajman Offshore,

RAK IC,

RAK Offshore

Company Form

IBC

Features

Do not have the right to carry on business in the UAE, as well as work with other companies registered in the UAE, but have the right to open an account in a bank in the UAE

Permitted foreign participation

100% of the company may belong to a foreign citizen.

Permitted Business Area

Only outside the UAE

Office Requirements

The company cannot rent an office in the UAE. The address of an offshore company is the address of its registered agent.

Visas

The company is not entitled to a visa

Submission of the audit report

No audit report is required

 

Type of company UAE

Characteristic

Free zone

Permitted foreign participation

100% of the company may belong to a foreign citizen.

Permitted Business Area

The territory of the free zone in which the company is registered

Office Requirements

In some free zones "virtual" offices (flexi desk, smart office) are allowed.

Available for rent in the freest zone

Visas

The company has the right to a visa. The number of visas depends on the rented office. To open an account in free zones, shareholders of the company must obtain an investor visa

Submission of the audit report

In some free zones, an annual audit report is required.

Type of company UAE

Characteristic

Local

Company Forms

Limited Liability Company (LLC)

Sole Establishment

Civil Company

Branch of the Foreign/ Free Zone Company

Company opportunities

The actual work in the UAE. Obtaining trade (commercial), industrial or professional licenses

Features

Local companies can operate in the entire Emirate. Local companies are eligible for visas depending on the area of ​​the rented office. Local companies must keep records and file an audit report

Permitted foreign participation

49% in LLC companies;

100% in Sole Establishment and Civil Company

Permitted Business Area

The territory of the entire emirate of registration

Office Requirements

An office is required. "Virtual" offices are not allowed (penalty if checked - 20,000 drh.)

Visas

The company has the right to a visa. The number of visas depends on the area of ​​the rented office.

Shareholders of the company have the right to investor visa (there are requirements for the amount of share capital owned by such a shareholder)

Submission of the audit report

Annual submission of an audit report is required.

 

 

 

* This information is informative, its use in practice requires additional advice on your individual business situation.