SETTING UP BUSINESS ENTITY IN UAE

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SETTING UP BUSINESS ENTITY IN UAE
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FLOURISHING ECONOMY OF UAE

• UAE is an ideal place for investment with
  thousands of investors making sound investments
  in the region. It is due to its
• Flourishing economy
• Stable government
• Sound monetary policies
• Peace in the region
• Commercial hub
• Availability of abundant luxuries

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COMMERCIAL HUB

• Within a matter of few decades, UAE has
  transformed itself from a barren piece of land
  with dusty sands into the most modern and
  developed countries of the world that has so much
  to offer which is beyond imagination.

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STRATEGIC SENSE OF UAE

• The strategic approach and farsighted business
  knowledge of Emirates have made UAE one of the
  most lucrative places for investment.
• But when you invest in UAE, you have to comply
  with their set of rules and policies.

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SETTING UP BUSINESS IN UAE

• Foreign investors who wish to establish a
  business entity have five options for setting up
  their business
• Create a permanent establishment (of which there
  are seven different types)
• Build a branch office
• Establish an entity in a UAE free zone
• Make a common/civil organization (just in Sharjah
  and Dubai)
• Enter into a commercial agency agreement

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COMMERCIAL COMPANIES LAW -CCL

• Each organization that seeks to establish
  business in UAE must have a national UAE partner
  that would hold no less than 51 of the
  organization's capital.
• Organizations created in Free Zones and
  Industries like oil industry, creation of power
  and gas, treatment and circulation of water are
  exempted from this policy.

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CHAMBERS OF COMMERCE

• Chambers of Commerce is an invaluable source of
  data and information which helps companies to set
  up and execute their business in UAE. They help
  in
• Keeping investment databases,
• issuance and validation of licenses and other
  documentation
• Providing arbitration on disputes
• Providing business offices like gathering and
  meeting rooms.

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FREE TRADE ZONES IN UAE

• Establishing a business entity in a Free Trade
  Zone in UAE is a very appealing choice for many
  investors as it offers great benefits.
• Some of its key features are
• 100 foreign ownership of enterprise
• Low trade barriers, tariffs and quotas
• 100 repatriation of profits

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OPERATING IN FREE TRADE ZONE

• Entities that are established in a Free Trade
  Zone can also enjoy
• Exemptions on corporation taxes for up to 50
  years
• Exemption on personal income tax
• Assistance in labor recruitment
• Additional support like sponsorship and housing

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THANK YOU!!