FAQ

Clearing Your Doubts - Frequently Asked Questions!!

An offshore company in Ajman will have complete privacy and confidentiality in all the company information. None of the records including the names of directors and secretaries will be available other than the name and address of the company to the public.

All shares of an offshore company in Ajman should be in the registered form and no bearer shares are allowed.

There is a standing association of 45 countries that offer double tax treaties with Ajman and the offshore companies have access to the double tax treaties in the region. 

Different tax benefits that an offshore license delivers for businesses include:

  • Corporate tax exemption
  • Income tax exemption
  • No value-added tax
  • No withholding tax
  • No capital gains tax

All (GCC) Gulf Cooperation Council countries, along with the United Arab Emirates (UAE), have a common taxation law named GCC Tax. It is a combination of various taxes, including corporate tax and value-added tax.

GCC tax regulations should be implemented by businesses operating within Dubai and other GCC countries. The businesses involved in various activities, including commercial activities, trading, and providing services, should adhere to GCC tax laws.

GCC taxation requires financial transactions, proper record maintenance, tax return filing, and more. Compliance with all these tasks might be difficult, and companies can use the assistance of tax experts from prominent service providers like CDA.

Yes, every business in the UAE has to consider international agreements made for UAE corporate tax purposes.

There is no need to pay personal income taxes in the UAE, which means that no tax is collected from the corporate salaries earned by individuals.

Yes, through comprehensive financial projections and planning, startups will be able to avoid market risks in the UAE’s global market. Besides, they can find potential investors while getting more insights into a strategic vision, growth potential, and commitment to sensible financial management.

Financial feasibility is important for various industries, including real estate development, hospitality, healthcare, renewable energy, and more. Valuable guidance from an advisory firm is important to get an idea of the expected return on investment in a business while also outlining any financial risks.

You can get a range of corporate structuring services in the UAE from experts in the CDA. The services we offer include company formation, restructuring, mergers and acquisitions, and corporate governance advisory.

Your business will get tailored solutions to optimize your corporate structure, ensuring compliance with UAE regulations. This service also maximizes tax efficiency while enhancing operational effectiveness through strategic guidance to navigate complex business landscapes and capitalize on growth opportunities.

Businesses can be sure of optimized operations through customized strategies. You can also identify lucrative investment opportunities while enhancing your financial management.

Financial advisory services are ultimately the best option for getting tailored guidance in creating strategic business and financial plans. As an entrepreneur, your business will have a clear roadmap for success and credibility in the eyes of potential clients.

The expertise and experience of advisors can help businesses offer customized solutions and guidance. This energizes efficiency, productivity, and overall business performance.

Our services cover everything from company registration, drafting and reviewing legal documents, compliance with regulatory requirements, and advising on the most suitable legal structure for your business.

Our experts expedite registrations, ensuring smooth processes for licenses, permits, and other regulatory requirements.

Our transparent pricing model ensures clarity, with customizable packages to suit varying business needs and budgets.

On August 10, 2020, the UAE introduced Cabinet of Ministers Resolution No. 57 of 2020, replacing Resolution No. 31 of 2019, focusing on Economic Substance Requirements (ESR). Subsequently, Ministerial Decision 100 of 2020, issued on August 19, 2020, provides detailed guidance on ESR implementation.

Addressing global standards set by the OECD on harmful tax practices and the EU COCG resolution on business taxation code of conduct, the government established the Permanent Committee through Ministerial Resolution No. 129 of 2021 on November 14, 2021, to oversee ESR implementation.

  • Banking
  • Insurance
  • Shipping
  • Lease finance
  • Intellectual property (IP)
  • Fund management
  • Distribution and service centers
  • Headquarters
  • Holding Company

  • Submit an annual Notification within six months after the relevant financial period.
  • File an Economic Substance Report within 12 months following the conclusion of the relevant financial period.
  • Meet the Economic Substance Test, showcasing that the licensee and relevant activity are directed and managed in the UAE, CIGAs occur within the UAE, and the licensee has adequate personnel, expenditure, and premises in the UAE.

AML (Anti-Money Laundering) Compliance is a set of regulations and measures to prevent illegal financial activities. Businesses in the UAE must ensure transparency and prevent financial crimes.

To comply with AML regulations, businesses should implement robust due diligence processes, monitor transactions, and provide ongoing staff training on detecting and preventing money laundering activities.

Yes, non-compliance with AML regulations in the UAE may result in severe penalties, including fines and potential legal actions.

Yes, UBO disclosure is a mandatory requirement for businesses operating in the UAE.

Non-compliance with UBO regulations in the UAE can lead to penalties, fines, and legal actions.

UBO services may require detailed information about the individuals who ultimately own or control a business, including their names, addresses, nationalities, and percentage of ownership.

A Tax Residency Certificate is an official document issued by the UAE tax authorities, confirming a company’s tax residency status. It is crucial for businesses to establish eligibility for double taxation treaty benefits.

 

The legal entity should have a minimum establishment history of one year. Financial statements, either audited or prepared by an accredited audit firm, must be included in the application along with other necessary documents. The audit firm must certify and stamp the report.

Outsourcing HR consultancy services can streamline HR processes, enhance compliance, and improve employee satisfaction, allowing your company to focus on its core operations.

HR consultancy services cater to businesses of all sizes. They can tailor their offerings to meet the specific needs and scale of small, medium, or large enterprises.

HR policies should be reviewed annually or as needed to ensure they align with legal requirements and address any changes in the business environment.

Yes, HR policies can be tailored to meet the specific needs and culture of a company, providing flexibility in their development and implementation.

Yes, even small businesses benefit from having basic HR policies to establish clear expectations, promote consistency, and ensure legal compliance.

Professional recruitment agencies offer services such as talent sourcing, candidate screening, and facilitating the hiring process for businesses.

Recruitment agencies use various methods, including job portals, networking, and industry contacts, to identify and connect with qualified candidates for specific job vacancies

The timeframe for professional recruitment varies but generally takes a few weeks from initial engagement to final candidate placement.

Yes, many consultancies support businesses in managing claims processing, addressing disputes, and ensuring a smooth interaction between employees and insurance providers.

It is recommended for businesses to conduct periodic reviews, typically annually, with employee insurance consultancies to assess plan effectiveness, consider updates, and adapt to changing workforce needs.

Yes, employee insurance consultancies often work with businesses to tailor insurance solutions based on their specific industry, workforce demographics, and unique employee benefit requirements.

A nominee can take care of all legal responsibilities on behalf of the business management. However, the power of attorney will stay intact in the hands of the original proprietors of the company. A nominee could be assigned as a director, shareholder, local sponsor, or registered agent.

Businesses should be careful when choosing nominee service providers. Services from unreliable agencies could result in legal consequences, high penalties, and the loss of confidential information.

Companies can get the customs clearance code through the Dubai Trade Portal. Assistance from experts offering business setup services in Dubai could be used for effortless submission of applications and issuance.

Every person and product that arrives in Dubai passes through Dubai customs. Customs in Dubai will ensure that no restricted items are being traded by any businesses.

 

It is not necessary to register a brand’s trademarks in the UAE. However, registering a trademark provides significant gains, including legal protection against infringement and exclusive rights to use several brand assets.

A brand can register its trademark with a validity of 10 years, which you need to renew after paying the necessary fees.

Yes, authorities allow you to file a series of assets in a single trademark application, and each asset within the series will be subject to the same filing charges.

There is a legal procedure that runs under the Ministry of Economy in the UAE for trademark registration. You should adhere to all of them while not choosing certain symbols and terms that are restricted from becoming trademarks.

The UAE’s Labor Law has policies to make sure that every HR and administrative service firm provides services including recruitment procedures, termination procedures, compensation and benefits, and performance management. Businesses that choose to outsource HR and admin tasks should confirm that all these services are provided by their outsourcing company.

You typically have to invest a certain amount of capital to become eligible for an investor visa in the UAE. Other requirements vary depending on the type of investor visa you are getting and the emirate you choose to invest in.

Investor visas currently available in the UAE include different validity periods that range from 1 to 10 years.

It depends on the category of investor visa you choose, but most of them allow investors to sponsor their family members in the country.

The steps typically involve choosing a business structure, registering your company with the relevant authorities, obtaining necessary licenses and permits, and setting up operational processes.

The most suitable structure depends on factors such as your business goals, the nature of your operations, and the legal and tax implications. Common structures include sole proprietorship, partnership, limited liability company (LLC), and corporation.

Required documents may vary depending on the jurisdiction and business structure but commonly include identification documents, proof of address, business plan, memorandum and articles of association, and relevant licenses and permits.

Typically, you’ll need passport copies, proof of address, and a business plan.

It usually takes around 1-2 weeks, depending on the type of company and approvals required.

Mainly, there are commercial, professional, and industrial licenses for different business activities.

No, DAFZA is not part of Dubai International Airport despite its proximity to Terminal 2.

NO. DAFZA allows 100 percent foreign ownership, which means you do not require a partner with UAE nationality to start a company with DAFZA.

The minimum share capital required to establish a company in DAFZA is AED 1.

No, companies and individuals trading in DAFZA are not subject to any corporate or income tax.

No, You’ll have 100% Ownership

We do not offer it, but you have the option to directly apply for a Certificate from the Chamber of Commerce.

Yes. Sharjah Media City (Shams) accepts all major Credit Cards.

A total number of five.

Services encompass licensing, visa processing, and related support.

Yes, the zone allows 100% foreign ownership.

The minimum share capital requirement amounts to AED 50,000 (USD 13,698).

Business licenses in Dubai Internet City are typically valid for one year. Renewals are required to extend the license beyond the initial period.

It is advisable to begin the license renewal process at least 30 days before the expiration date to ensure a smooth transition and avoid any disruptions in business operations.

The process spans 7 working days, divided into two stages:

First Stage: Initial application approval, requires 4 working days.
Second stage: License issuance, completed within 3 working days.

Yes, your company can become a shareholder outside TECOM-free zones

Yes, we provide a variety of office options, both fitted and non-fitted, offering different sizes and locations to align with your specific business needs.

Yes, d3 is a free zone governed by the Dubai Development Authority. However, dual licenses can operate from d3:

Freezone (DDA License)
Mainland (DED license)

No, the Freezone license only allows operating within the Freezone territory. To do business in other emirates, you need to obtain a dual license under Law 13.

Yes

No, DMCC licenses are valid only within the DMCC Free Zone.

Yes, DMCC allows businesses to have virtual offices as a cost-effective option.

Yes, DMCC allows full foreign ownership of businesses within its Free Zone.

DIFC (Dubai International Financial Centre) is a financial hub in Dubai, providing a platform for businesses in the financial and professional services sectors.

To set up a business in DIFC, you need to submit the necessary documentation and adhere to the regulatory requirements outlined by the DIFC Authority.

No, a DIFC license typically permits business operations within the DIFC jurisdiction only.

A Meydan Free Zone Company is limited to a maximum of 100 shareholders.

Companies holding a valid business license within the Meydan Free Zone are eligible to access Meydan Plus services.

10 Years.

Typically, the entire paperwork process to establish and start your business takes 3-5 days. However, the timeline is contingent on the approval of the CID passport check.

  • Express interest through our online form or via email.
  • Request and sign the IFZA-authorized partner agreement.
  • Submit a copy of your trade license or its equivalent in your jurisdiction.
  • Note that there are no associated costs with becoming an IFZA Partner.

Yes, opting for IFZA Free Zone for your business setup in Dubai allows for remote completion.

Ajman Media City Free Zone is a business hub in Ajman, providing a platform for media and creative enterprises.

No, you will have 100% Ownership

Yes.

Ajman Free Zone services include the issuance of licenses and processing of visas. This also extends to various related services, including license renewals, amendments, closures, and similar processes for visa-related services.

Ajman Free Zone provides comprehensive visa processing services, covering applications, renewals, amendments, and other related processes to facilitate the smooth functioning of businesses.

Yes, Ajman Free Zone offers services for the amendment and renewal of business licenses, allowing businesses to make necessary changes or extend their license validity as needed.

No, You’ll have 100% Ownership

We do not offer it, but you have the option to directly apply for a Certificate from the Chamber of Commerce.

Yes. Sharjah Media City (Shams) accepts all major Credit Cards.

KIZAD accommodates various industries, including logistics, manufacturing, and trade.

KIZAD provides modern infrastructure, logistics support, and business services for its industrial community.

VAT, an abbreviation for Value Added Tax, is an indirect tax applied to taxable goods and services within the UAE.

  • Online by topping up the portal accounts
  • RAKEZ Business Service Centres (cashier counters)
  • Bank Transfer

Yes. By creating a security interest.

Yes, many Freezones allow multiple business activities under a single license, providing flexibility for diversified business operations.

Freezone companies generally have flexibility in hiring without any restrictions on the number of employees.

A free zone is a designated economic area where businesses enjoy tax exemptions, 100% foreign ownership, and simplified import/export procedures. It provides an ideal environment for international businesses seeking strategic advantages. Our Freezone company setup services help you navigate the process seamlessly.

Each license granted by JAFZA remains valid for one year from the date of issue and necessitates annual renewal.

It’s possible to establish multiple businesses in JAFZA with the same shareholders. Each business will possess a distinct name, and there’s no restriction on the number of businesses you can establish.

The process of setting up a company in Jebel Ali Free Zone Authority usually spans 7-14 business days, encompassing security approval, licensing, and the issuance of company incorporation documents. Subsequently, acquiring the establishment card requires an additional 2-3 business days.

The timeframe for setting up a business in DHCC typically ranges from 4 to 6 weeks, including approvals, licensing, and document processing.

Yes, healthcare professionals need to provide relevant qualifications, obtain necessary regulatory approvals, and adhere to the specific licensing criteria set by DHCC.

Yes, non-healthcare businesses are also welcome in DHCC. The free zone allows a diverse range of companies, including pharmaceutical, wellness, and support services, to establish their presence in the healthcare-focused environment.

Business licenses in DSO are generally renewed annually. The renewal process involves updating business information, ensuring compliance, and paying the necessary fees.

  • Offices
  • Warehouses and LIU’s
  • Retail Units
  • Industrial Lands
  • Conference Facilities
  • Land for development

 

Service License
Trade License
Industrial License

Indeed, every JAOC must have a registered address at all times. This office must be either the registered agent’s office or the company’s office, if one is located in the Jebel Ali Free Zone.

The person should be at least 21 years old to be eligible to become the director of an offshore business in Jabal Ali. A director can act as a secretary for an offshore company.

Activities your business with a Jabal Ali Offshore Company include:

  • General Trading
  • Owning real estate
  • Holding
  • Serving as an instrument for inheritance issues

Offshore business owners are not able to get UAE residence visas unless they are setting up an onshore company or a company in the free zone.

Foreign investors can establish a mainland business through different ownership structures, such as full ownership, or shared ownership with a UAE national (Local Sponsor)

Yes, having a physical office is a requirement for mainland businesses. The location and size may vary based on the business activity and licensing.

Conversion possibilities depend on the business type and applicable regulations. Some businesses may be eligible for conversion, while others may need to establish a new entity in the desired free zone. Consulting with business advisors at CDA is recommended for accurate guidance.

  • Initial approval receipt and previously submitted documents
  • Copy of the lease contract duly attested by the Real Estate Regulatory Agency (RERA) in Dubai
  • Duly attested memorandum of association (for all types of companies)
  • Approvals from other government entities concerned.
  • Duly attested service agent contract (for civil establishments and companies that are 100% owned by non-GCC nationals), the UAE involving a local service agent.

Yes, foreign investors can own a Commercial License in Dubai through various legal structures like mainland companies, free zones, or joint ventures.

The validity period for a Commercial License in Dubai is typically one year, and it needs to be renewed annually.

Yes, certain business activities may require additional approvals or licenses from specific regulatory authorities in Dubai.

Anyone involved in buying and selling goods or engaging in trade activities in the UAE must obtain a Trading License.

The processing time for a Trading License varies, but it typically takes a few weeks to complete the necessary procedures and approvals.

Essential documents include a completed application form, valid business lease, passport copies of partners, and details about the proposed trading activities.

If your company takes an offshore business license, it allows your company to operate outside the UAE but still benefit from the tax advantages and legal protections of the UAE jurisdiction.

Some of the benefits of an offshore business license in the UAE are:

  • No corporate or personal income tax
  • No capital gains tax or withholding tax
  • No currency restrictions or exchange controls
  • 100% foreign ownership and control
  • Confidentiality and privacy of shareholders and directors
  • Admittance to a network of double-taxation contracts
  • Feasibility of opening a UAE bank account

The requirements for an offshore business license in the UAE vary depending on the specific offshore jurisdiction, but generally include:

  • At least one shareholder and one director
  • A registered agent and a registered office in the UAE
  • A memorandum and articles of association
  • A passport copy and a proof of address for each shareholder and director
  • A certificate of good standing or a similar document for corporate shareholders
  • A bank reference letter and a CV for each shareholder and director

The cost of securing an offshore business license in the UAE is dependent on the specific offshore jurisdiction, though normally, it can go up to AED 8,000 or more. The expense to get an offshore business license in the UAE can fluctuate according to the government fees, the registered agent fees, and the annual renewal fees.

The duration for acquiring an offshore business license in the UAE relies on certain offshore administrations but ordinarily takes from 3 to 7 working days. It is subject to the availability of the required documents and the authorization of the administration.

Some of the restrictions for an offshore business license in the UAE are:

  • An offshore firm is limited to providing professional services like legal, accounting, and consulting when conducting business in the United Arab Emirates.
  • Only properties authorized by the government are allowed to be owned by an offshore business in the United Arab Emirates.
  • An offshore business is not allowed to carry out any operations that are against UAE law, public decency, or order.

To keep your perks and legal status as an offshore business holder, you must renew your license annually with the RAK International Corporate Centre (RAKICC) in the United Arab Emirates. You can carry out the easy renewal process online with your registered agent. Along with submitting any vital paperwork, including a business plan or a certificate of good standing, you will also need to pay the renewal cost. You risk fines or having your registration canceled if you don’t renew your license on time.

The procedures for a new registration must be followed in order to re-register your offshore business with RAKICC. Along with preparing your paperwork, submitting your application, and paying the costs, you will also need to designate a registered agent. A new certificate of incorporation, memorandum of association, and membership register will then be issued to you by RAKICC. If you wish to alter the name, structure, or operations of your company, you might need to reregister.

The duration essential to acquiring an offshore business license in RAKICC is reliant upon many components, comprising the nature of the company’s organizational structure, its operations, and the veracity of its backing documents. Some sources state that the licensing procedure should take two to seven business days if all requirements are met. That being said, this might change based on the particulars of each instance. Business experts in the UAE suggest that you speak with a proficient service provider like CDA to help you through the procedure and prevent any delays or issues.

The three primary business areas that are eligible for an offshore business license at RAKICC are asset holding, investment, and international trade. Rapidly expanding worldwide registration RAKICC provides 100% foreign ownership, flexibility, tax efficiency, and legal protection.

An offshore company in Ajman will have complete privacy and confidentiality in all the company information. None of the records including the names of directors and secretaries will be available other than the name and address of the company to the public.

All shares of an offshore company in Ajman should be in the registered form and no bearer shares are allowed.

There is a standing association of 45 countries that offer double tax treaties with Ajman and the offshore companies have access to the double tax treaties in the region. 

Different tax benefits that an offshore license delivers for businesses include:

  • Corporate tax exemption
  • Income tax exemption
  • No value-added tax
  • No withholding tax
  • No capital gains tax

Indeed, every JAOC must have a registered address at all times. This office must be either the registered agent’s office or the company’s office, if one is located in the Jebel Ali Free Zone.

The person should be at least 21 years old to be eligible to become the director of an offshore business in Jabal Ali. A director can act as a secretary for an offshore company.

Activities your business with a Jabal Ali Offshore Company include:

  • General Trading
  • Owning real estate
  • Holding
  • Serving as an instrument for inheritance issues

Offshore business owners are not able to get UAE residence visas unless they are setting up an onshore company or a company in the free zone.

PRO services help you set up your business in the UAE by working as a liaison between you and the government. Besides, company owners can ensure they are running their business without breaking any laws.

Public Relations Officer services are established to work as an easy way for business owners to comply with all government-related tasks and procedures.

  • Understand the PRO service market and compare the services between different service providers.
  • Research and find out the experience a service provider has in the PRO service field.
  • Verify the client testimonials of every PRO service provider you shortlist.
  • Verify the terms and conditions and select the best one for your business.

Yes, a golden visa applicant in the UAE will be provided with a special entry visa before the issuance. This is to utilize six months to proceed with the procedures for the issuance of the Golden Visa.

An investor can enjoy the benefits of a Golden Visa for 10 years without any sponsors if they have a public investment in the UAE.

Always pick a visa processing service provider with a proven track record of satisfied clients. The service provider you choose should be able to assist you with the latest visa laws in the UAE.

A Professional License is a document issued by the Economic Development Department of Dubai, UAE, allowing individuals or companies to legally operate and provide professional services within Dubai.

Businesses offering professional services in fields such as management consultancy, law practice, engineering, healthcare, and various specialized areas typically require a Professional License.

To keep your perks and legal status as an offshore business holder, you must renew your license annually with the RAK International Corporate Centre (RAKICC) in the United Arab Emirates. You can carry out the easy renewal process online with your registered agent. Along with submitting any vital paperwork, including a business plan or a certificate of good standing, you will also need to pay the renewal cost. You risk fines or having your registration canceled if you don’t renew your license on time.

The procedures for a new registration must be followed in order to re-register your offshore business with RAKICC. Along with preparing your paperwork, submitting your application, and paying the costs, you will also need to designate a registered agent. A new certificate of incorporation, memorandum of association, and membership register will then be issued to you by RAKICC. If you wish to alter the name, structure, or operations of your company, you might need to reregister.

The duration essential to acquiring an offshore business license in RAKICC is reliant upon many components, comprising the nature of the company’s organizational structure, its operations, and the veracity of its backing documents. Some sources state that the licensing procedure should take two to seven business days if all requirements are met. That being said, this might change based on the particulars of each instance. Business experts in the UAE suggest that you speak with a proficient service provider like CDA to help you through the procedure and prevent any delays or issues.

The three primary business areas that are eligible for an offshore business license at RAKICC are asset holding, investment, and international trade. Rapidly expanding worldwide registration RAKICC provides 100% foreign ownership, flexibility, tax efficiency, and legal protection.