How To Start A Holding Company Setup in Dubai?
HOLDING COMPANY SETUP
Companies not intending to engage in any business within the UAE (whether onshore or within one of the free zones) can set up an entity under the offshore regulatory system and this allows us to help you in opening an Offshore company with a local bank account.
Typically, such businesses act as holding companies and do not carry on commercial activities.
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Under the offshore regulations of certain free zones, these companies act as a vehicle to own freehold property onshore. Jebel Ali Free Zone and Ras Al Khaimah Investment Authority are the major free zones that offer the concept of Offshore Companies in the UAE and Bizgate is ready to assist you 24/7 on holding company license registration in UAE.
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Bizgate will help you in foreign branch company set up in Dubai/UAE and documents required for the ministry of the economy are
- registration and license application forms
- proof of the reserved business name
- a copy of the director’s passport and a letter of no-objection issued by the parent company,
- a copy of the UAE representative’s passport and naturalization book
- the foreign company’s management board resolution for opening the branch in Dubai
- a power of attorney for the Dubai director
- the parent company’s Memorandum and Articles of Association
- a copy of the parent company’s Certificate of Incorporation
- approval issued by the Government for carrying out the specified trading activities.
The Memorandum, Articles of Association, and Certificate of Incorporation must be translated into Arabic and duly notarized.
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BENEFITS OF LICENSE REGISTRATION IN DUBAI
- 100% Ownership
- No corporate tax
- Duty free
- No currency restrictions
- No Minimum capital
- Ability to deal with the UAE government
- Ability to develop your business with international trade
- Right to trade across Dubai and in the UAE
- Office premises anywhere in mainland Dubai
- More options on business activities
- No limit on number of visas (Depend on office size)
WHY BIZGATE? FOR BUSINESS SETUP & SUPPORT SERVICES
- Taking company trade name approval
- Preparing application for business activity approval
- Security approval if required
- Drafting Memorandum agreement
- Arranging reliable & strong UAE National partner
- Office space
- Obtaining external approval if required
- Final submission to license issuance authority
- POA agreement
- Assistance in bank account openings
- VAT Registration
- Government Approvals
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Mainland Company Setup
Complete exemption from corporate tax
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
The UAE Companies law does not prescribed any minimum share capital but the entity should have adequete capital to achieve the incorporation purpose. Normally accepted minimum share capital for an LLC registered in Dubai was AED 100,000.
Presently, there is no requirements to deposite the share capital in UAE local bank.
Presently, there is no requirements to deposite the share capital in UAE local bank.
Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space