UAE Onshore Company Formation
UAE Onshore Company Formation
The favourable business environment of the UAE attracts many investors and entrepreneurs to it. With so many benefits of free zones and mainland UAE, the country welcomes local and foreign investors alike. Onshore company formation in the UAE is a straightforward and smooth process.
Onshore business setup in UAE includes mainland and free zones. Each location and jurisdiction offers different sets of benefits due to differences in their features. Based on these points, you can select where to form your company in UAE. The process also has some differences with respect to approvals and documentation.
FAME is a distinguished provider of onshore company formation services in the UAE. We help you with all the necessary documentation and paperwork per its regulations. You’ll also find our advisors’ complete handholding throughout the business setup procedure.
Our services start with suggesting a suitable jurisdiction, legal structure, and license type. These choices depend on your interests, the product or service you want to operate in, and other factors.
You will also need our support in finding a local sponsor if 100% FDI is not allowed in your industry. In the case of free zones, local sponsorship is not needed. After this, starts the process of:
- Selecting a trade name and applying for it
- Getting approvals from relevant authorities
- Selecting an office type and location
- Submitting the application form and documents for final approval and license
You needn’t worry about any of these steps. We provide professional, high-quality support to complete all steps on time. You can enjoy our end-to-end consulting to ensure onshore company formation in the UAE. The support does not end after setting up the company. You will also receive help in bank accounting opening and visa approval processes
So, what are you waiting for? Decide where you want to set your base in UAE, and contact us; we’ll handle the rest.
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Advantages of setting up a business in onshore UAE
Some merits of onshore company formation in mainland and free zones are the same. However, there are points where the situation is different for free zones and mainland UAE. Let’s explore each in detail to help you decide whether to form a company in the mainland or any of the UAE’s free zones.
- 100% FDI is permitted in all sectors in free zones and most of the sectors in mainland UAE. So, foreign investors can set up a business in the onshore UAE without appointing a local sponsor. Only a few specific sectors need local sponsorship.
- The mainland companies’ business scope is boundless. You do not have to face any restrictions in doing business in the local UAE and outside the country. In the case of free zone companies, the business scope is restricted to ‘within UAE’.
- Low tax percentage is a significant attraction of UAE. 9% corporate tax and 5% VAT are the only tax components for most UAE business sectors. Compared to global rates, these are lower than most countries.
- You enjoy exemption of import and export of products from customs duties. Thus, you can start and conduct business at less cost, making operations in the onshore UAE cost-effective.
- Repatriation of capital and profits is easier from UAE to another country. Also, the currency does not face any foreign exchange restrictions.
- The procedures to register, license, and operate a company in the mainland and free zones of the UAE are simple. It is a convenient and hassle-free process.
- With onshore company formation, you can have your own office in the UAE. You need not sit in another country to operate your entity. You can have a full-time working office, recruit employees, and manage the operations.
- UAE is a large financial centre for the world. It has a diversified economy – a hub for many sectors from different countries. Its industrial, telecommunications, transport, and energy infrastructure are hugely developed. You can enjoy all these and other facilities by setting up an onshore company.
- You can also enjoy a plethora of options in possible legal structures. The license choices are also multiple – trade, professional, and commercial. Thus, you can select any form and license to conduct your business activity in the onshore UAE.
- UAE’s double taxation agreements with many countries save onshore companies from double taxes.
- A merit of onshore company formation is multiple visa options for your employees. The number of employee visas you can apply for depends on the size of your office.
- As an investor visa, you can apply for visas for your family. Also, the visa process is straightforward without any hassles.
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Why choose FAME for onshore company formation?
With all these merits of onshore company formation in UAE, consider setting up your base in onshore UAE. FAME will serve you as a consultant and advisor to help with all the related decisions. You should select FAME as your onshore company formation services provider for the following reasons:
Detailed assessment for your good
FAME helps you analyze the various options in onshore company formation. You can choose mainland UAE or one of the many free zones. You will know the merits and demerits of each prerequisite to set up a company in the onshore UAE. Thus, our assessment and explanation help you decide on the right structure, license, activity, and location.
Accuracy in work
FAME has rich experience in onshore company formation in UAE. We have been helping clients set up their businesses in the mainland and free zones. Such extensive experience has led to a pretty good network in the market. Also, our professionals have relevant expertise in all license types for different industries and legal structures. So, you enjoy a guarantee of complete and accurate work.
Documentation support
Don’t worry about the paperwork. Our onshore company formation consultants are experts in handling documents. They know the types and formats of required documents during the process. So, you’ll receive end-to-end support in arranging the documents and submitting them to relevant authorities.
Customized services
At FAME, you get a guarantee of customized services. Our advisors and consultants study your business and assess your requirements. We try to comprehend the purpose behind your business idea. Based on this study, we provide personalized onshore company formation services. These services align with your goals, business idea, and the mainland/free zone’s trends.
Post-business setup support
Until you receive the license from the relevant authorities, we stay in touch with you. You’ll always stay updated on the status of your application. Our professionals handle the changes, updates, or information requests from authorities. Also, after your license, we help you with bank account opening, visa and immigration, and other support services. You can ask us for any operational support for your business activities.
Assured data security
You will be sharing a lot of information with us. But don’t worry about its privacy and confidentiality. We assure you your data will be safe with us. Our employees follow all the data security guidelines and confidentiality principles to protect your data.
Latest and updated information
Establishing an onshore company in the UAE requires you to follow all relevant requirements. You need to be aware of them and have the latest updates for this. With FAME, you get a guarantee of such first-hand information. The dynamic business environment and changing regulations are well taken care of by our expert consultants.